Hansel,

It is VERY SIMPLE.

Why?? Just do not invest in ASx if you cannot trust PNB. Why invest on a fund with a fund manager that you do not trust??

You have a CHOICE. Be SMART.

Dreamer

Yes, of course. But again, for many here, they have to start diversifying out of the country (which they have not done so previously but I'm sure are beginning to consider that now) and this takes time. Some will not be able to persevere through the hard work and will stubbornly look back at the ASX funds till they are able to SEE VERY CLEARLY THAT THESE FUNDS ARE GOING TO KILL THEIR INVESTMENTS, that came from their hard-earned savings.

I am providing a means for them to check and balance their decisions. I do not wish to dictate anymore my theory and opinions to them.

They need to be able to see clearly and consciously tell themselves in their hearts that they are stepping into a minefield which will blow up in their face, if not in the next few months, perhaps next year, or the year after that.

Hansel,

You are creating CONFUSION by claiming that they need to spend MORE TIME looking at ASx..

It only take BASIC COMMON SENSE to do not invest in ASx.

Do not put all your eggs into ONE basket.

If someone CHOOSE not to understand the above statement, the person cannot be saved.

Dreamer

Like I said earlier, I do not wish to impose an opinion on them that they are DUMMIES for investing into something that will SURELY FAIL in the long term.

It HAS NOT FAILED YET !

A person can be saved if we can convince them to take the necessary steps, and then they can do so (hopefully) and finally, be able to 'create the insight' necessary in them to propel them forward towards the right actions... On the other hand, if they still would not do the steps that we have charted out for them, then,.. too bad !

Hansel,

Really?? You are on the USD/MYR thread. How much had the RM drop since the beginning of this year?? Will the 6+% dividend cover that??

It had FAILED!!

<<they are DUMMIES for investing into something that will SURELY FAIL in the long term[.>>

Long term?? 9 months is long term?? How much will and can the RM drop further over the next 12 months?? Is that long term??

Stop spreading CONFUSION. Time is running out...

It is VERY SIMPLE.

You have RM 8 to 10 millions. You can take it EASY because you have ENOUGH even if all your Malaysian asset devalue significantly. OTHERS do not have the LUXURY.

Dreamer

1.00 USD = 4.21 MYR

1.00 SGD = 3.01 MYR


from 4.30 to 4.21 in 1 day

This post has been edited by nexona88: Sep 16 2015, 10:59 PM

Yea, I'm curious too. Can anyone shed some light, time to cash out ?

Crude oil skyrocket more than 5.5% .. https://m.youtube.com/watch?v=IDdtPUlJtc0

oh could be world crude oil price up

the key is to DIVERSIFY. if you put all your eggs into foreign investments, imagine if ringgit strengthens to 3.8. a lot of people will lose money.

do not put all your eggs into 1 basket. if you cannot understand that, you can't be saved.

I wonder what unker Dreamer would say about the bolded part

he will say 'don't worry. be happy'. cus ringgit wun strengthen in the next 10 years. lol

Was just thinking of going to the money changer earlier today to exchange some of my SGD to MYR, but decided to procrastinate till tomorrow... I was already having the feeling earlier today that the MYR will start to strengthen from today...

---

First let me post, it is short live. Why?
- Saudi is on "war" with US. Saudi is forcing oil price to drop so that they can force US shale oil to close shop. Google about it. Shale oil is only profitable if world's oil price ~usd40/barrel
- "Unstable" ehm ehm...
- "Another" news can come out. All cards are not shown yet.
- Malaysia's reserve is quite low. Cannot use it to help the RM. RM is on its own.
- Still have big unsolved "white elephant"

No, he will say : even with the slightest chance that the RM would experience something near to a miracle and it DOES bounce back significantly in the next ten years, you will still have your EPF savings, and your natural active income in RM with you.

BUT : if the RM dos not rebound strongly in the next ten years, you would thank him for alerting you to diversify.

With the above strategy : You would have covered both ends of the eventualities.

If your RM strengthen to 3.80 tomorrow, you will be able to enjoy your EPF and your natural active income in RM. You will still have these, and I would think many of you will still have your rental income and perhaps KLSE share dividends too, ALL in the stronger RM.

Why convert back ? Do you need the money urgently ? Don't you have other active and passive sources of income currently ?

true true. the key is to DIVERSIFY.

20% would be in EPF
80% would be in foreign investments

you will lose too much if ringgit strengthen against usd. the key is to DIVERSIFY. do not put all your eggs into 1 basket. if you can't understand that, you can't be saved.

Yo sixth sense very sharp

Hansel,

Why is it so hard for people to understand a simple concept like DIVERSIFICATION??

Do not put all your eggs into ONE basket.

Common sense is highly uncommon.

Dreamer