If I am not wrong the last time when oil price was damn low, countries like Venezuela, and other non ME country beg Saudi to cut production. But Saudi didn't cut. Instead they pump more.

They are competing with shale oil. See who will die first. So if other countries already beg them, and it didn't have any effect, I am sure they will continue through with low prices.

Lower production to increase price = your country economy affected. (your cash supply decrease)
Increase price of oil = I just buy oil from your neighbour lo.

You tell me how the price going to increase?

It's a sarcasm.

Is going down and down everyday. Wonder how long the free fall will last.

This post has been edited by Ramjade: Sep 29 2015, 09:47 AM

How do you change myr > usd > SGD? Through SG bank?
After getting SGD, how to buy? Online?

This post has been edited by Ramjade: Sep 30 2015, 02:14 PM

Actually the way I see it, USD is not good as they are the world's biggest debt country. So when the time comes to pay the interest, expect usd to tank again. But then again, the world uses usd as trade.

What bank is that? All online? Do you need to be a priority customer for this kind of things?

Hi,

Please share which bank and brokerage you use.

Thanks

Well doing something might be able to draw investor's confidence. (Indonesia's case) Doing nothing but monitor is NOT DOING nothing but still DOING SOMETHING which haven't yield results.

Fall good or bad? Why?

Look like Zeti’s words still worth something.

Good. Let's see how such people adjust. I bet with you they will have a hard time. Imagine drinking starbucks everyday and suddenly starbucks increase. Or go fancy restaurant every weekend, suddenly price increase. Let's see how well they adjust.

Good. This will "open" people's eyes. Fertilizer increase. Seeds increase. Wages stay the same. You know what I am talking about.

Trust me, people will still gaya. Old habits die hard. There's something magical call "credit card", "personal loan" and "installment"

On the other hand, it can open people's eye to the real situation.

This post has been edited by Ramjade: Oct 1 2015, 07:32 PM

Yes. Unlike them, I have been living this kind of life for a long time. You have no idea how cheap-skate I can be. I can adjust. Why drive when one can cycle/walk/take public transport? Drive using proper technique. Why bother eating at fancy restaurant? After all is just for self gratification. And as I already shared with Hansel my opinions on ASX. Like I said before, careful planning and spending will be able to help. Unless malaysia's money become banana money then yes we need to worry. Even then, our ancestors survive in the jungle just fine (planting their own crops, rearing own chickens) during the Japanese occupation. There were no purchasing power back then only about whether one can survive to see the next day or not. You may be anti ASX. But ASX for me is just FD with higher interest. I won't move money into something I do not know yet. It will be suicide. If I move into something I don't know, I might lose 100% of say the 50% of what I moved compare to a decrease in purchasing power of say ~10%. YOu tell me which is better. Losing 50% of what you have or just 10% of purchasing power?

And like I said, price of vege increases? Easy, plant your own vege. It won't be enough but it will help. And there's always tesco which offer reduce to clear vege (at RM0.50) They are still in good condition. Just cut off the bad part and you are good to go. Price of meat increases, there's always tesco which offers chicken at reasonable price. Rice increase? Simple. I don't eat rice. In fact, I have never eaten rice nor any form of carbohydrates for a long time already. High electricity bills? Expensove internet? Just go starbucks and use their internet. Maybe first time order something ask them for password. Subsequent visit, do not need to order anything. Be thick face! Never turn down something that's free!Easy, use the electronic items from the country with low watt. Charged your phone/tablets at office. Save yourself few bucks. That's what my friends and I are going to do. Who needs Astro, Cinema when one have the internet & good books? Who ask one to go on vacation in Europe every year? Go cinema every week, dine out every week? Buy the latest iPhone and iPad every year? Live within one means! The coming years will see frugallity at its best. What I have learn while not in Malaysia will be implemented once I am back in Malaysia.

Not forgetting, despite increase in exchange rates, sometimes it is still cheaper to shop from overseas after counting in the shipping charges than getting from local store. If one knows the way to buy from overseas, it is tax free. No 6% GST there. I am talking about food items.

So electricity, food, entertainment, internet , transport is covered. I don't drink, smoke, party, karaoking or go to pub, or do birthday celebrations or dine in fancy hotel and places. You tell me what more will affect me? The most thing which might affect me in the future is petrol, groceries and maybe rental.

That's why we need to be frugal and diversify out. But for that, we need knowledge. You can't simply say I want to move my money in xxx country without reading up about that particular country.

That time people will "wake up"

Yes I do not know ASX well when I started. But do you think those uncle and aunties know? They don't. As long as ASX can pay 6.x%/year, they will have subscriber. Cause people want stable returns yearly. And I am one of them. Stable yearly moderately high returns, no need for monitoring.

Tell me what's so hard about ASX FP? You bring the money and they print the book and you go home. There's no monitoring involve. After a year, you go update the book. Heck do you think that those uncle and aunties not on LYN knows about the recent concern? Again, they DON'T. With PNB saying ASX = national interest, do you think they want to change that? They DON'T. Why? By changing that, they will lose one big cookie jar. At times like this, they need the cookie jar the most.

You have your views on ASX, I have mine.

Chill Hansel. 5 years by my calculations. 10 if you are over optimistic.

One should only get married once one can afford a house. Or else you are going to get yourself into a financial burden.

Bau?

I am guessing is by law that they need to state it out. You know name only by law but in reality it will auto renew. You have to rememebr one thing. PNB said it is National Interest. By the way, check your PM.