QUOTE(AVFAN @ Jan 18 2015, 09:35 AM)
this is the billion rm question, isn't it?!
i doubt anyone knows, not even bnm. but one can take a position, maybe as a hedge.
i m of the view the state of my's economy/rm is not all about oil.
a diff perspective.... when sgd=rm2.30, we thought it had gone far enough. then 2.50. now, almost 2.7.
how low can it go? 2.80, 3.0? or return to 2.50, 2.30? reasons?
I would take any position that can make money. Short term there are opportunity. Long term also there are opportunity. Why would we give more weight to long term than short term ?
Like risk management, we should not only hold long term position in our investment. Nothing should be too rigid, or 1 rule rules all. I always believe in flexibility as investment is very fluid
It is just my view that the upside is more than the downside of the RM and oil price at this point in time. No oil producing countries will make much money below $40. That's why I predict the worst is already here. If a person has not already diversify their portfolio, it is not worthy to do it now