Still at rm3.1

In fact, USD/MYR strengthen from 4.3060 on 15/9 to 4.2585 now

USD-MYR 4.2425 0.0035

My machinery are all quoted in USD

Regret didnt buy earlier. Ooh well...

Tq for the replies, gentlemen,...

Usually I refer to this live rate money changer in SG.
http://arcademoneychangers.com.sg/ratesbiglogo.asp

highest rate so far recorded at 3.04 a couple days ago.

Then your rate is better than what I see in the banks for TT purposes. I am not surprised though,.. usually the money-changers offer better rates than the banks, but you must be onsite with cash to exchange.

zeti has some advice:

falling rm, gst, weak economic outlook.

cars, houses, food included, i suppose.

in short, she is saying we are all poorer, accept it and make adjustments.



This post has been edited by AVFAN: Sep 17 2015, 04:30 PM

I interpreted the interview as the RM has more to drop !!!

Invaluable advise from Governor to youngsters

That's only half of the story, she also said:

She told the daily that during the 1997/1998 financial crisis, Malaysia took 18 months to recover. “Our track record has shown us that every time we have been set back, time and again, we have been able to bounce back. It is more than once. We bounced back, and we bounced back quickly,” she was further quoted as saying. – September 17, 2015. - See more at: http://www.themalaysianinsider.com/malaysi...K.5EHYZWwn.dpuf

MGM,

So, do you believe that Malaysia can recover in 18 months NOW without Extra Oil Money??

Dreamer

It doesn't matter what I believe, I am just trying the complete the full story. What is your take on the price movement of Oil within the next couple of years?

I am really glad that I have my foreign-currencies investment income now with which I can use to pay for my overseas-related expenses, eg, my travelling abroad.

Congrats . I unfortunatefully didn't manage to diversified, just like what dreamer said, put everything in the same basket. But luckily I can still live with 2% of my networth as my yearly expenses with negligible debts(4%). Was thinking about investing in s-reits few years ago when I started following a Sporean's blog http://singaporeanstocksinvestor.blogspot.sg/, at which time exch-rate @rm2.50.

Say if I had invested rm250k(SGD100k) in S-reit(instead of ASx) 3 years ago, would my present value in S-reit > SGD100k (rm300k)? My present value of the ASx is roughly rm250k+21%=rm302k.

Based on the chart below, FTSE ST Real Estate Investment Trusts Index SIN: XX:FSTAS8670 was about the same level 3 years ago compare to now.~700. Does the chart includes dividend?


Attached thumbnail(s)

we all hope so for the sake of the younger generations.

but will probably be harder and longer this time with so much more debt now than before.

and what sectors will be the "saviors"? palm oil does not look like it.

oil and gas will certainly not be it given latest analysis from opec and goldman:

M'sia will ride thru via GST?

Federal Reserve kept its benchmark interest rate unchanged on Thursday

Sorry to ask how? As far as I read. Gst causes consumer to restrict spending.

In addition, luxury items like lobster, salmon are not tax. It won't trajectory 18 months but I think longer this time around.

Noob here. Just wondering if interest rate increase What will be the impact to market. If didn't then What will happen?

I wish it was that simple. Interest rate increase --> then this happen, interest rate decrease --> then this happen.

Interest rate increase, by convention, stock market should come down. Yesterday interest rate no increase, stock market should celebrate and rise. But DJ come down.

Unpredictable