Why so defensive? I'm just providing an alternative discussion whether you should put all eggs into one basket? Why do you think the ASx just a month ago it's almost impossible to top up, nowadays many people can open all new ASx account easily?

Since you ask, I'm currently working in the States, my assets are spread in 3 countries U.S.30%, Spore 30% and M'sia 40%. I'm working on it to be 4:4:2 in the near future.

Everyone can learn to diversify their portfolio, you don't have to use the famous quote kalau tak suka, keluar lah...

I subscribe to yo quote of diversification
Having said tat, diversification have a Long list of disadvantages too
Notwithstanding which school of thought u r from, gud Luck in yo investments

why only 3 countries? Euro u don't like? overvalue?

Walao! You think i have unlimited resources meh?

U.S. - bcoz i work here. I got my income here.

S'pore - Coz my home town in JB. Always go shopping in Spore.

Malaysia - I'm a Malaysian. Have property here.

In fact 2 weeks ago I just TT back US$10,000 to M'sia when ringgit was beginning its slide.Even though the gomen is screwed, I'm always a Malaysian at heart.

Not being defensive lah, just feel that u sounds like nothing is worth investing in Malaysia and everything is controlled by the Emperor.
U still got 40% in Malaysia, what type of investments and these investments not locked by the Emperor?
Every investment has its risk, there are ASx sellers and willing buyers, I am quite sure some are using ASx as a 'parking' account and are selling as they see current market turmoil as a chance to DIVERSIFY (including to other countries). Some who previous MISS the chance to buy ASx is taking this opportunity to buy to DIVERSIFY as there are lots of units available now maybe because of this type of -ve comments ( Are u taking this opportunity too )

This post has been edited by MGM: Aug 19 2015, 09:54 AM

MGM,

Come on. 20+% of your gross income is in EPF that invest in GLCs and Malaysia Government Bond. ASx is investing in the same set of GLCs and Malaysia Government Bond. In summary, a typical Malaysian investor enjoy no DIVERSIFICATION when they invest in ASx.

The best performing ASx under PNB is ASB.

http://1-million-dollar-blog.com/dividends...ham-bumiputera/

The dividend had been trending down from 14 sens in 1990 to 8.5 sens in 2014.

Dreamer

dreamer101,
1. U have overlook on the type of investment
ASx invest in M'sia (equities, bonds n mmi) ony whereas EPF invest in both M'sia n outside M'sia (equities, bonds, mmi n properties)
2. Guarantee returns
ASx dun guarantee min returns whereas EPF guarantee min 2.5% returns

Eh, I thought you signed off from this thread already?!

wil-i-am,

Which does not change anything that I had said. There is NO DIVERSIFICATION ADVANTAGE in investing ASx. In fact, a person will had increased their RISK EXPOSURE to GLCs and Malaysia Government Bond by investing in ASx.

<< 2. Guarantee returns
ASx dun guarantee min returns whereas EPF guarantee min 2.5% returns>>

That has NOTHING to do with what they invest in. Hence, it is IRRELEVANT in term of DIVERSIFICATION.

I am signing off this thread. People that has a lot more common sense can start a new topic else where to ask question.

Dreamer

The main problem is the local bourse was in a bad shape in 2015.. maybe we shall expect lower valuation.. ^^

Just to be conservative.. ^^

okay. now I understand..

gud u TT back 100k.. not everyone want to bring back. most I know is TT out or changing into others currency @ money changer

confirm tis time?

anyhow it's public thread. everyone are welcome to give opinion.

thanks for your opinion. no hard feelings

I don't mind he keep bashing or what because time had proven it like last time the AS1M issue.

But the problem is, we know that people who invest in asnb is small investor. How the hell they have the ability to fork out amount of money that able to place it outside the country. He keep saying GOV - GLIC - FOR SURE what what what.

He isn't giving any suggestion besides keep bashing the same thing - do not diversify. He say till like that, how to diversify in Malaysia? Everything in Malaysia is under gov control. At least la give some working suggestion like U guys must kumpul a lot alot usd cash in pillow or take train to SG open acc. Hahaha.
like not making sense.

Why don't he go every single thread and say the same thing esp the FD thread. Like that the people in that thread like bbgoat, boomchacha, magma, MGM, all stupid la is it, because the place money in bank after like he said, all money kena freeze.

For now I will adopt a wait and see approach. If they change to variable price. Going to transfer the money into funds which will still be fixed price.

We are on the same boat.. hopefully we can expect the reply from ASNB soon..

So I missed the opportunity to reply? Ha. I should have stayed up late last night!

First, thanks to the bro for his concerns.

Just to reflect on his concerns, my 2.12 cents (GST included) here:


*** 1) How do you KNOW that you can get out when they change to VP?? They could freeze the withdrawal while the change is going on.

I admit that I do not know. Thus my email to them on this.

If the reply is vague, trying to put smoke to cover up, then I will most likely withdraw in Nov/Dec 2015 if there is no announcement on this.

Freezing the withdrawal? There are endless possibilities. E.g., maybe even world war III in 2015? So I assess with what I know and then decide.


*** 2) Before you say this is impossible, if THE GOVERNMENT can impose capital control during 97/98, ASx freezing withdrawal is minor.

I was not aware on freezing withdrawal in 97/98. I thought the controls were in limiting RM cash one can take out of Msia, among others. Yes, freezing or limiting withdrawal is possible if we are in the same situation like Greece where they impose a Euro 60 withdrawal limit per day per account.


<<Like I said earlier, as long as I get out before they change it to VP, I will still be laughing to the banks with the +2 +3% over FD.>>

*** 3) This is minor comfort as compare to those people exchange to USD and hide USD under the pillow.

On hind sight, yes, having changed to US$ was a very smart move. But .... British pound was the global currency in the old days, later taken over by US$. My guess is China's RMB will be taking over US$ in 5-10 years time. There is little substance behind the US$ besides the military power & past loyalty in my view.


*** Wake up!!

Thanks.


*** 4) You are taking on a lot of risk that you realized by investing in ASx.

Some risk, yes. Lot of risk, I beg to differ. The govt is not doing well but I don't extrapolate that to everything that they do. No one is perfect and same with govt.


Dreamer

It seems tat yo nervous system is very fragile

We will await your next post. By the way, if they don't reply your email, what are you going to do next?

If u notice, dreamer101 didn't share the pros n cons of diversification
His ony conviction is he dun trust Putrajaya which is the MAIN objective to diversify

Panic? Cry? etc etc? Ha.

Ask forumers here to write to ASNB, 1 email each over 5 weeks. That should raise the alarm at ASNB with the continuous inflow on the same query.

I go and see the ASNB manager here.

I make a donation to Ah Jib and ask him to expedite the reply (I help you, you help me mah).

Maybe even ask SC and push them to come to a landing on this.

Past replies from ASNB have been professional with good English. So I hope to see the same this time.


P/S I have made a weekly reminder (Nov & Dec) in my Outlook to come to a landing on this. You can do the same as a reminder for yourself.