Malaysia is actually known as an oil exporter as oppose to an importer. Its true we do sell our light sweet crude and buy heavier fuels from overseas hence the net oil importer belief.

Askwhy

If 1MDB fails the gov is in shit. And lets not forget the second storm brewing with PFI which is under the ministry of finance.

Although the government did insure only 5bil of the loan lets not forget the cascading effect of a default at that size.

Back to oil.....didnt najib say he was going to revise the budget.

I was kinda sceptical when dreamer first said the ship is sinking....now i am probably in the lifeboat with him on this.....this week another 200mil gone from the markets.

Good thing i brought usd since foresaw impending doom anyway.

Malaysia relied to much on black gold......now that black gold is cheap taxpayers will be first to pay the price....second the consumers. Malaysia should serve as a example on how to save your money for rainy days and not spend like you own the world.

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