Sep 29 2015, 09:48 PM
QUOTE(Pink Spider @ Sep 28 2015, 09:21 PM)
My take on this -
Because of Ringgit weakness, foreign assets become expensive; if u invest in foreign assets now, u are buying HIGH, when Ringgit eventually recovers to what is perceived to be it's "fair value", your foreign assets will drop in value.
Not that KLSE stocks have become grossly cheap overnight (though it has somewhat dropped), but it's Ringgit weakness that makes it not worthwhile going offshore now.
So now is not the good timing to top-up funds that invest into outside Malaysia? e.g. CIMB APAC Dynamic, GTF, Eastspring Global Leaders, TA european equity Because of Ringgit weakness, foreign assets become expensive; if u invest in foreign assets now, u are buying HIGH, when Ringgit eventually recovers to what is perceived to be it's "fair value", your foreign assets will drop in value.
Not that KLSE stocks have become grossly cheap overnight (though it has somewhat dropped), but it's Ringgit weakness that makes it not worthwhile going offshore now.
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