Good evening to all.

I was thinking of doing the above earlier, until the risk factors of the ASX Funds were unearthed. So, I decided to sell half of my ASX holdings and kept my foreign currencies overseas.

Well,... investing overseas is not all a bed of roses too. First REIT is a very good example. I used to say : 'never wrong with First REIT',... because I have done ALL the homework, and I know all the internal information with the managers. But who could have ever guessed that since the REIT is so good, the Indon Gov't might want to take it back home.

SREITs have their risks too. When the SP is not good, it gets delisted (Saizen REIT). When the SP is very healthy, it get 'SHIFTED'.

Now have to start looking for another vehicle again to put my funds into.

I will convert one-third into the SGD and invest into the SGX and into the other new vehicle.

I will convert another third into the USD and invest into USD-denominated High-Yield Bonds Funds with the underlyings of US-based companies.

I will convert the last third into the Euros and invest into Euro-denominated High-Yield Bonds Funds with the underlyings of Europe-based companies.

All these using RM50k ?

hohoho...

singtel one of them, is it?

been waiting for 3.5x until my neck got stiff.

Not in an absolute sense, of course,... but ratio-wise in larger amounts,... Will not qualify for best rates if converting only RM17K each into the SGD, USD and Euro....

Y wait when u can grab the seller price

no la, cannot like dat...

sgx is subject to a lot more foreign funds, not like bursa all local play-play syndicates.

sgx and us equities, gotta be extra careful and be very mindful of all kinds of forces by the minute, alto much more transparent and not subject to datuks and tan sris wet dreams.

will it drop till 4.5?

maybe end of the month

school holiday coming. I observed MYR tend to get weaker this period

Perhaps an astrologer have answer

It may quite fast.

Petronas just took another tumble!

Loss of 560mil last qtr......our budget will be screwed big time!

I tot Petronas registered small profits
http://m.thestar.com.my/story.aspx?hl=Petr...710E6EE97A02%7D

Was watching bloomberg last nite, it said loss of 560mil because of impairment loss.

Also said it was 2nd loss in last 4 qtrs.

Even so, 91% plunge is worrisome to say the least

This post has been edited by prophetjul: Nov 12 2015, 08:47 AM

that petronas profit plunge figure is awful. very roughly, it indicates petronas breakeven is about usd55/bbl.

brent at 46 now, next qtr will hv massive loss?



low commodity prices hurt currency, whether rm or aud.

aud today gained much, not due to commodity prices up but creation of jobs.



can putrajaya do the same? or add to the current >300,000 unemployed grads?

This post has been edited by AVFAN: Nov 12 2015, 09:37 AM

Not surprised. Crude oil has plunged by as much as 70%.

Yeah

This bloody Aus economy is still so good! AUD so strong vs MYR

how will "domestic issues" be resolved?

Following the "rumours" last time, the update says the "domestic issues" will be solved by 1H16 when "the company" passes the debt to other companies and wind down the exposure. This is the only worry by foreign funds now. Other fundamentals like current account, budget deficit, inflation, unemployment, etc will go back to the "old normal". By then, RM will back to stable like past few years and only the usual external factors like oil price, USD rates hike, Euro/Japan/China QE will affect the RM drastically

The above is from my "source", who predicted <4.00 by 1H16. Sounds plausible to me

After wiping 1MDB's arse and cleaning it, ALL will be well. And they are using the perceived increase in NTA to clean up the mess.