given all that we know, i m of the view rm unlikely to rebound unless crude rebounces quickly and significantly.

a couple months a go, a couple of ib reports forecast rm to go 3.55. that was when crude at usd60. at usd50-55...?

what we need to read will be the latest figures on capital flight, legal n illicit flows...

i will probably look for good buys when rm rebounds a bit becos it will probably not last.

this is surely the difficult part since the ex rate adds another dimension.

worst case - price rising, rm weaker n weaker...!

well, usually... when it comes to the crunch, you wanna buy, just buy!

i expect it to keep edging lower until one of two things happen - oil price rebound significantly or a reversal in net capital flow happens - both unlikely in the short term. this commentary by mier may be a little outdated but take note one para...


about oil price, everyone seems to want to predict how will oil price move from now. of all the reports and comments i came across, this one made most sense to me:


so, we keep close watch from now till 2q/3q2015. meanwhile, we'll see if saudi will do anything soon.

This post has been edited by AVFAN: Jan 4 2015, 04:29 PM

oil... <usd52.

rm... 3.54x.

bursa and rm will take another beating tmrw...

crude 48.xx...

this one coming true or what!




and more pain for bursa, rm, 1mdb, etc...

man, my pack of boncafe will be rm20, salmon rm80 per kg soon!!

i can say cimb's itrade is ok. had been using it for sgx and nyse. all is good.
haven't used the others - thailand, indon and hongkong.

i hv no idea what system or which developer did it...

not perfect but works fine most of the time. not complaining.

can use on pc or ipad, can do e-ipo, foreign bourses, can transfer money between trading and bank acc,.... i find it good enough.

if net importer, we will be benefiting, not losing!


about oil grade.... to my knowledge, m'sian crude is light, better to export to countries where the refineries are designed to take it. our refineries here are mostly built to refine heavy crude (sulphur mainly). the economics of the refinery infra work out such that it is better to export the light, import the heavy.

airlines... aviation fuel is basically kerosene, nothing exotic.

This post has been edited by AVFAN: Jan 7 2015, 01:15 PM

ah... this arca thingy...

was told by cimb that they had to do the same thing before but starting early last year, it was incorporated into main itrade platform. so now, can just buy n sell like any other. no pain!

and yes, agree the cost of trading is too high, can't do. investment, ok.

This post has been edited by AVFAN: Jan 7 2015, 01:29 PM

no immediate plans.

but reading here, i think gotta open offshore bank and broker acc for to get much lower rates.

i asked some questions here:
https://forum.lowyat.net/topic/3396549/+60

hope others can help you.

nice! counting on it!

well... seeing asia except msia n oz recover today n europe now shrugging off the oil fears, that's good news.

markets are searching for a bottom, so if this is it, the skies r clearing up. may take some months, though....

i just checked this dwti - it is listed on nyse cimb itrade like most other etfs/etn's.

i just received a dividend from xle. small no doubt but pleased to see div from etf's also paid quite promptly with itrade.
like sgd's, it will just stay in the trust acc, no interest - will accumulate to buy more.

oil seems to have found a floor at usd48-49 for now.

meanwhile, cnbc has a new comment on local/rm...

http://www.cnbc.com/id/102319556

biggest winner today is aapl. 50% sales incr in 2014... mindboggling...

with that, etf's like spy, qqq weighted wih aapl all gain nicely.



5 days down, 2 days flat, 2 day up - still got a couple more days to run up!

why?

average, all up 2% in one single night!

or u sold off recently?

what magnitude of deposit for trademonster? how much leverage can u get from it?

i do want to explore this for trading later. esp seeing how volatile us equities can be!



about local ib's, they arent too bad overall. i like the fact that i can see all my holdings, trades, balances, diff currencies on 1 page; can move around the funds incl parked dividends easily albeit going thru rm each time (so, gotta do only when favorable); total holdings all currencies used to leverage at any bourse. only thing it is surely too expensive to trade foreign stocks frequently.

until i get into something like you, i will stick to bursa for fast n furious trading. quite ok as i get 0.21% for my trades t+3.

This post has been edited by AVFAN: Jan 9 2015, 04:25 PM

ya, i remember everyone's looking at 100. no chance since the last big dip.

i got in at avg 108, optimistic it'll go to 120 by yr end.

u mean u trade 1:1? deposit usd10k, trade 88 aapl shares?

if so, cost of capital is a consideration...

righto, buy on dips!

with us economy gaining foothold, eu's imminent qe and oil price on a floor albeit temp(?), i feel optimistic.

say, any experience/comment for this etf - XLF:


to everybody...
cbnc suggest these biggest potential 2015 winners:
http://www.cnbc.com/id/102317968
.. i m not well versed with the construction scenario in usa, so this VMC, a building material aggregates co....?
.. THC - this one is interesting... small cap, i think...healthcare... everywhere these biz make loads of money (we pay too).

appreciate comments; i have capacity to get into a couple more counters, then sit back and watch...

thanks for comments.

not familiar with wells fargo, so i better stick to xlf, spread the risks.

will look for the next dip. this should be the last buy in a while.



looking back, my first buy in dec 2014 was usd/rm3.4975. right now, it cost 3.5695 or 2% more within just 3.5 weeks.