yes, i totally agree with you. i understand. its just that i opt to do both. just a portion (to me, just a sum of my 7yrs travel budget fr rm into usd into my pillow now and surely portions for the 'blue' and others generating mode.

p/s when aud 2.6++ in-sight, i am sure to stuff some under my pillow too..hahaaa

BTW, BNM X usd notes direct deposits, need to convert. but in sin, you can bring your pillow stuffed in usd notes and deposit them. small interest tho!! if big amt, why not!!

Foreign currency account has interest? If yes its super low.

ANyway.. lets put it this way...

Currently is 3.7080.....

You plan to travel in 5 yrs time...

So you change USD now... u probably get hit atleast 200 points? So 3.7280.. THis is the rate u locked in.

in 5 years, the USD must go to 4.3378 before you break even if compared to putting your ringgit in the bank.
Understand now?

Fitch is the smallest among the credit rating agencies.. https://en.wikipedia.org/wiki/Big_Three_(cr...ating_agencies)
What if Fitch downgrade while the other two maintain present rating.. No big impact .. minus a grade ( Marginal ) by Fitch
while another 2x big brothers holds it.

Normally, these figures understate the dominance of Moody's and S&P, since the norm for debt issuers is to obtain ratings from these two, and only occasionally turn to Fitch, for example if Moody's and S&P disagree ONLY. Fitch is plays certain role.
And not Very important role.

yes, i totally agree with you. i understand. its just that i opt to do both. just a portion (to me, just a sum of my 7yrs travel budget fr rm into usd into my pillow now and surely portions for the 'blue' and others generating mode.

p/s when aud 2.6++ in-sight, i am sure to stuff some under my pillow too..hahaaa

BTW, BNM X usd notes direct deposits, need to convert. but in sin, you can bring your pillow stuffed in usd notes to bank & deposit them, small interest tho!! if big amt, why not!!

Foreign currency account has interest? If yes its super low.

ANyway.. lets put it this way...

Currently is 3.7080.....

You plan to travel in 5 yrs time...

So you change USD now... u probably get hit atleast 200 points? So 3.7280.. THis is the rate u locked in.

in 5 years, the USD must go to 4.3378 before you break even if compared to putting your ringgit in the bank.
Understand now?

got no idea why u wanna keep in bank? the interest can cover the inflation rate ka? unless u have millions and too rich got nth to do then only consider put in bank for interest. else take go invest. money depreciate everyday bro.

you see now GST+6%, another 5 years maybe your RM100 be valued @ RM80 or maybe less?

to me>> u earn, keep (bank & of cos 'into pillow'), invest, spend & give back (charity)

what makes u think i only keep all. likewise, if u only invest all & don't keep any, that isn't a wise move too 

to me>> u earn, keep (bank & of cos 'into pillow'), invest, spend & give back (charity)

That's what I mean. Instead of putting in bank then better u buy something or some savings plan least get more than bank interest.

For me, I am a full time forex trader. I don't waste my time working. Invest and earn. After got my money I'll use the money to buy actual gold and houses for rent to let my money grow

Please reconsider your plan. It will not work. How much capital you have trading forex market? First, answer that honestly. You better get yourself employed as soon as possible.   Do not waste your crucial youth period trying to outsmart pros.

Please reconsider your plan. It will not work. How much capital you have trading forex market? First, answer that honestly. You better get yourself employed as soon as possible.   Do not waste your crucial youth period trying to outsmart pros.

Capital? I use about $2000 to trade at the beginning. Since when? It's a long journey back dated. How much I have earn now? Is beyond your imagination. I'm not a big spender and I got my discipline for my trade. Satisfy and not greedy is the key point of trader.

Well, I had my Money divert to many other projects & investment. Still generating income monthly and yearly. I don't drive Lambo neither BMW. Monthly commitments also around RM3000 - RM5000 which already covered from my other business.

Forex now is my extra/additional income for luxury.

Durian seller is smiling
http://www.bloomberg.com/news/articles/201...ps-on-oil-slump

If forecasts prove correct, he will get that opportunity. Nizam Idris, head of currency and fixed-income strategy at Macquarie in Singapore, said the ringgit may slump further toward 4 per U.S. dollar.

“The profile is for the ringgit to perform worse than the Sing dollar,” said Claudio Piron, co-head of Asia foreign-exchange and rates strategy at Bank of America Merrill Lynch in Singapore. “Malaysia certainly has a greater level of vulnerability and they have less ammunition in their FX reserves.”

Singapore’s dollar has strengthened 4 percent against the greenback in the past three months. Traders may be betting the island state will maintain its monetary policy stance, which calls for a gradual appreciation in its exchange rate against an unspecified basket of its trading partners. The Monetary Authority of Singapore sought to slow that appreciation in January before leaving policy unchanged in April.