Prior before the 2008 financial crisis, USD was labelled as a currency worthless to hold and keep on going down.
At that time, many including professional traders/analysts said US had tremendous debt, the only way for USD was going down.

USD index against basket of major currencies plunged from 100 sink to around 70.

Against RM from RM3.80 to RM3.10.

There is no certainty in investment.
Having USD denominated asset seem a wise choice now, but situation after 5 or 10 years later, we never know whether it is still a wise choice.

do you see a chance in the next yr or 2 this deficit will be reduced?
i see it growing even faster - sustained low oil price, ge14 preparations coming.

the hardest hit ones are the older mid-low wage workers or retirees with small savings who don't get any help incl br1m.

actually, alto the rm is the worst performing currency in asia in 2014 and 2015 so far, it is not as bad as some others elsewhere.
considering the state of the currencies of similar commodity exporting nations with corruption and governance problems like brazil and turkey, it probably does not take a global meltdown to bring the rm to that level.

that was an old post form 6 mths ago. i think at that time, it was still widely thought that if a peg worked before, it can work again.
but of course, we know it is costly, risky and proven disastrous in many other cases.
the last 2 weeks... just my observation..., it seems bnm's been intervening to "peg" the rm not to the usd, but the sgd at 2.78. singapore is msia's 2nd largest trading partner, #1 being china (rmb pegged to usd) and usa #3.

I afraid the hedge funds will use this opportunity to attack the RM, it won't be long to see US$1=RM4

Amanah Saham have 2 type.
1 - Fixed price @ rm1/unit & No 5% SC & GST (of the 5% SC)
2 - Variable Price juz like others UT & have 5% SC & GST

ASB comes under type 1 while ASG comes under type 2 

yes, you're correct..

fyi still have units if u try luck nowadays 

Asb is govern by trustee not like tabung haji. Besides if got such news, there will be mass withdrawal of ASX units.

You can check out the ASX thread. People voiced their concerns.

Watch out on 7th Aug to c how much BNM have utilized to support MYR

Many still do not understand the implication of yesterday zeti press announcement. It is huge!

But reit may have difficult time ahead at least for near term due to US raising rate, and potential slowdown in property sector.
Also, Singapore property has been softening lately.

So for near term, reit outlook is not that good.

Longer term, yes may be.

Really so drastic until limit rm3k/withdrawal?

If I want to withdraw my matured fd, cannot la?

Someone posted said peg to same rate 3.80 will happen soon / again? If u hold usd now, what will u do?? Sell usd to lock profit or continue hold or keep it for future oversea vacation trip?

do not spread rumurs!

the withdrawal limit thingy was from a foreign blogger; powerful ones want to sue him.
http://www.asiasentinel.com/blog/malaysias...-to-sink-najib/

unless someone experience withdrawal limits for real and report here, or reported officially, pls DO NOT SPREAD RUMURS.

i know.

i was the one who first posted the speculative article.

someone then posted:

If I want to withdraw my matured fd, cannot la?

you then posted:
JUst read in the threads that banks are beginning to limit withdrawals already
pls delete/amend yr posts unless u have other sources to confirm.

If you know why Greece impose withdrawal limits, then you will know what you said is not true.

That is because Greece cannot print Euro, while Malaysia can print their own RM

Don't believe everything you read. Take a minute to think it over and you will not post what you have posted above