Welcome Guest ( Log In | Register )

Bump Topic Topic Closed RSS Feed

Outline · [ Standard ] · Linear+

 Fundsupermart.com v11, Grexit or not, Europe will sail on...

views
     
rjb123
post Jul 8 2015, 03:36 PM

Regular
******
Senior Member
1,820 posts

Joined: May 2010
From: Kuala Lumpur
QUOTE(cybermaster98 @ Jul 8 2015, 02:12 PM)
Im considering moving funds to India fixed deposit just to offset some risk from the falling Ringgit. Their rates in general are quite good. HSBC India for instance offers 7.5% per annum for a 90 day tenure fixed deposit placement. But getting money out of Malaysia will be an issue.
*
Reducing risk by moving funds from MYR to INR?

On a round trip you'll be losing out 5-6% on converting currency alone, is converting to INR really mitigating any risk?

If you have 200K+ open HSBC Premier account and ask them to assist opening an Indian account for you (may be possible without an address, haven't tried)

There's US listed products (ETN such as SPCBINR) which would give you INR exposure

I hardly see this as reducing risk, USD possibly ... not INR .. FIY, IDR has similar FD rates
rjb123
post Aug 24 2015, 10:17 AM

Regular
******
Senior Member
1,820 posts

Joined: May 2010
From: Kuala Lumpur
QUOTE(David83 @ Aug 24 2015, 10:09 AM)
As of now:

SSE Comp down 6.93%
HSI drops 3.97%
*
-8.2%
-4%

Very red day!
rjb123
post Aug 24 2015, 02:37 PM

Regular
******
Senior Member
1,820 posts

Joined: May 2010
From: Kuala Lumpur
Topped up KGF
rjb123
post Aug 24 2015, 02:48 PM

Regular
******
Senior Member
1,820 posts

Joined: May 2010
From: Kuala Lumpur
QUOTE(Kaka23 @ Aug 24 2015, 02:41 PM)
why top up so soon?!
*
I top up KGF once a month regardless, and it's for long term.
rjb123
post Aug 24 2015, 02:52 PM

Regular
******
Senior Member
1,820 posts

Joined: May 2010
From: Kuala Lumpur
QUOTE(EightPhantomz @ Aug 24 2015, 02:50 PM)
Me too. Using RSP or manual?
*
Manually

KGF is my only holding in FSM, so not much hassle!
rjb123
post Aug 27 2015, 01:29 AM

Regular
******
Senior Member
1,820 posts

Joined: May 2010
From: Kuala Lumpur
QUOTE(VanRonz @ Aug 27 2015, 01:07 AM)
Just wanna check, anyone top up KGF?
*
I did a couple of days ago.

Now there's the 0.57% SC promotion smile.gif
« Next Oldest · Finance, Business and Investment House · Next Newest »
 

Topic ClosedOptions
 

Change to:
| Lo-Fi Version
 0.0394sec    0.26    7 queries    GZIP Disabled
Time is now: 7th December 2025 - 02:21 AM
All Rights Reserved © 2002- 2025 Vijandren Ramadass (~unite against racism~)
Removal Request
Powered by Invision Power Board © 2025  IPS, Inc.