QUOTE(gark @ Oct 17 2015, 02:39 PM)
IMHO not a true diversification, your assets are still stuck in MY..with a Malaysian entity and also denominated in RM
If there is an emergency situation (lets not be specific
) and you need to get out of the country and by the time RM is worthless, also maybe with bank runs (unable to payout), how do you liquidate your assets?
For that sole reason, I do make sure my non RM assets are not based with MY linked entities. That way I can be sure they can stay neutral and be available for liquidation in real case of emergencies.
It might not happen in our lifetime, but we will never know..until it does.
Just like the citizens of Syria never imagine, terrorist can take half their country in one fell swoop, or Greece went into bankruptcy and their bank accounts frozen, or Argentina where the country nationalized the country pension program to pay national debt...
Many more examples out there..
Good reasoning.If there is an emergency situation (lets not be specific
For that sole reason, I do make sure my non RM assets are not based with MY linked entities. That way I can be sure they can stay neutral and be available for liquidation in real case of emergencies.
It might not happen in our lifetime, but we will never know..until it does.
Just like the citizens of Syria never imagine, terrorist can take half their country in one fell swoop, or Greece went into bankruptcy and their bank accounts frozen, or Argentina where the country nationalized the country pension program to pay national debt...
Many more examples out there..
Summons Unker boon3. Any comments/opinion/tipsy/poison on the above?
Oct 17 2015, 05:34 PM

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