Not sure about equities but maybe some fixed assets.
But then asset price in Malaysia gone up faster than declining ringgit.
10 yrs ago, I can buy a fairly nice house in Klang Valley for US100K
Now, same house cost US200K.

Inflation in Malaysia --> like rocket ship!

This post has been edited by danmooncake: Mar 8 2015, 10:23 AM

Very close to 75'ish... almost there.

Why? I thought you have a USD denominated funded account already.

Do they charge you the conversion rate on the spot only when you ready to buy ?

I'm in!

Ssh...don't say that.

Between 47 and 52 is sweet spot for Oil (WTI). Don't go lower.. ok?

If 1 USD=RM 3.8, then it is back to pegged value (10 years ago).
One round trip.

If it goes down further... 1 USD to RM 4.00 or higher (), I may buy another house in M'sia.

Still less than 1%.. don't panic yet.

Where's Auntie Yellen....

Don't worry. If you're like me, you've been through tough times.
The second round, you will know what to do and be more prepared.

In '97 after the crisis, I left M'sia and went over S'pore. Even S'pore not immune. 2 1/2 years later,
dot com bubble hit US and it hit S'pore even worse than Malaysia '97 crisis. I was devasted. Lost my apartment, car and everything. Left S'pore to USA to start over.

In '08 financial crisis hits USA, I was better prepared. Maintained my portfolio well, and I was able to get thru it.
When it recovers later, my net worth grew 3x times over when everyone was still suffering.

If another big one hit M'sia (the signs are here...) just get ready to tough it out. You should be hardened by now.
Opportunities are also here.

No, I was not bankrupt but my bank account down to a few hundred after I paid all my creditors.
My dad (bless his heart) helped me to get started again with his emergency fund and one way ticket to US.

IMO, if one has not hedged since 1 USD=RM3.20 (this was the last breakout), then it is too late now.
Better stay put.

Everytime you buy/sell forex, there is a spread which eats into your profits unless
you have at least 5 figures to trade.

Wait till Ringgit appreciates in value again (or USD falls). Everything comes in cycle.

This post has been edited by danmooncake: Mar 15 2015, 08:32 AM

Let see if $40 can hold or not... just $4 away

Oil bouncing...and I'm seeing a pop for XLE... above $75 now.

Market wants to parse every word that Yellen is going say.

No.. this time, I've have no big bet on either direction.

Sometimes it is better to stay at sidelines and wait.

woof woof woof woof woof, who let the dogs out?


Wow... I didn't expect XLE to rally but it did anyway together with the general market.
Thank you!!

This post has been edited by danmooncake: Mar 19 2015, 03:36 AM

Actually, if you think about this, nothing she said was actually suppose to be positive for the market (because of the pending rate hike later and continuation of a stronger dollar) but because the bears were so scare of their positions, they ran caused the short covering rally.

This post has been edited by danmooncake: Mar 19 2015, 04:09 AM

Haha! See?... easy come, easy go.

The oil fundamentals haven't change overnight and even before Yellen speaks.
Huge over-supply in the market hasn't subside one bit.

King Dollar reign supreme.. Euro dying, Ringgit also the same.
Profits taken, now bears can come back in and play a little.

Wow.... XLE continues to move up this weekend. I will continue to hang on here.

oh what the heck.. after 5 days of reversal, I better lock in some gains now for the weekend.
Don't want the market to take it back next week. You never know.. this market is really bipolar!