The difference between a successful investor and a fail one is the ability to identify opportunities and be ready to seize them. Of course some elements of risk is involved. No free lunch.

I experienced the AFC "the 1st RM depreciation disaster" in 97/98. I did not take up the opportunities then, solely because of my business which was unprepared and affected badly. I was caught by surprise. This round, I was much better prepared.

Whatever is happening to our RM and other currencies as we speak now is something huge and a phenomenon. If you think this 20 years once event is just a regular event, you are destined to be ordinary.

I expect the whole episode of this significant historical event to continue. The apex is yet to unfold. More to come.

In year 2035, When your children grow up and ask you what happened to the "2nd RM depreciation disaster" 20 years ago ? You can merely tell them to google and read in Wikipedia. For those who seized the opportunities, they can tell their real life experience and how they make (or lose) money. Much more interesting stories and real life experience which you could pass on to your children for learning

If you have not done something, or still cannot see the opportunities, you should start looking

All your comments since we talked have been general and pure rhetoric. Those "the world is our oyster", "there are many opportunities outside", "you can bring a person out of kampung, you can't bring the kampung out from a person". But nothing concrete was ever suggested by you. At least unker dreamer gave something concrete and started a few threads on what to invest and on financial management. You ? No specific suggestion at all.

And all I can remember about you is a 马后炮. Comment only on hindsight. Your Shanghai crash, gold, etc. Only bring up when it has happened and claim "I told you so"


Correction. you should invest before, DURING and AFTER any significant events. Also why limit yourself to only "assets" ? There are many structured products and derivatives for us to choose.

Falling market is not always bad. Depends on which side you invest. Opportunities are aplenty especially in volatile market. RM fallen too far behind is not the obstacle. The obstacle is you can't identify the opportunities.

I have asked you before and you never give any answers. And I wish to ask another time. Since you still view RM will depreciate further, what is your investment strategies for current scenario of RM/Forex you would suggest for everyone's consideration ? Would like to learn from you

May I add for internal issue

.. inflation is going to hit badly due to RM depreciation
.. Unemployment will go up
.. recession is coming too

May be it would, maybe it would not. Rising interest rate will only further dampen the economy. But it could also arrest the RM depreciation issue. I think it is only 50-50

Nothing will go up forever. Boom and recession are part of economic cycle. It will come down and then shoot back up to even higher level in the future. Almost every country experience the same thing

See....as usual, nothing concrete will you suggest. Only giving very broad comments with a lot of open ended parameters. But you talk like an expert/consultant. Sounds like very correct and know a lot of things, but in the end nothing useful to put into real life application.

In another word : Bull Shit

Don't talk so much. Just show us what YOU will invest and how you do it. Why you think your way works and the expected returns in a given time frame. In other words - don't bull shit us further.

I have to apologize to unker dreamer. Because I went and compare him to you. I hope he won't feel insulted by comparing some bullshit people to him

Still bull shitting and never give anything concrete and useful despite given so many chances. Proved that you got nothing good to offer at all

Numbers speak. It is up to individual to act on the opportunities.

3%-6% a month is a very high return, but risk is also high. Only for the bold

Unker,

On Wednesday, RM unusually appreciated to 4.39xx. It could be some inflow of funds for this take up. Maybe there are still some foreign funds subscribing to the MGS at such attractive yield of ~4.5%. Other possible reasons are illustrated in the article. No mention of local funds like EPF/PNB

This post has been edited by Showtime747: Oct 3 2015, 09:18 PM

Why would you care ? Especially when you never share what you would do ?

If you are trolling, please head back to kopitiam this way ---> https://forum.lowyat.net/Kopitiam

What do you mean ?

Looks like another troll to me

Could be also

USD to trend down ?

http://www.bloomberg.com/news/articles/201...ans-weak-dollar

Agree with you. USD doesn't look as good as a few weeks ago. Looks like no more steam

Whereas USD/RM tight range bound is good. I like it and have been betting this way since 2-3 weeks ago

Depends on strategy. If for long term investment, don't time the market. Maybe do some DCA over a period of time

If for trading or short time investment, timing is very important. The point of entry and exit determines the profit or loss.

For forex trading, I have not heard of long term investment.

There is always a target and timing when doing trading to efficiently utilise the limited resources. The strategies depends on different trader. "Take profit" or "cut loss" is a frequent affairs and they response very quick to news. Like those people in the forex thread or FKLI thread

Heck, there is even "day" trader who go in and out on the same day

Your strategy is more towards long term fundamental investment

Your prediction is right

USD 4.36737. While other currencies remain relatively stable

I think it has further room to go down. If around <4.3000 then good opportunity !

USD looks weak this week. A piece of bad news last Friday sent it down. Looks like last week's level of ~4.45xx is a very strong resistance. Even 4.40 is hard to break. But at the same time it hardly fall further down below ~4.35xx. Looks like a good support point. Very tight range.

Used to those +1% or 2% a day increase. Now feel boring