Ramjade,

1) Basic personal finance.

Keep 3 to 6 months of expense as Emergency Fund before investing. The emergency fund should be kept in FD.

2) What is stopping those people to exchange some of the cash to USD?? Nothing.

Dreamer

Exchanging cash to usd cash is as good as keeping your money underneath your mattress.

Ramjade,

It is NOT the same. It is a form of diversification that you do not get with ASx.

How many times do I have to REPEAT in order to get through your THICK SKULL??

Do not keep your all eggs in ONE basket!!

Dreamer

This post has been edited by dreamer101: Sep 9 2015, 10:41 PM

how about foreign currency account?

Do not keep your all eggs in ONE basket!!

20% each in AUD, CHF, USD, EURO and CAD ?

Now, USD is very strong against many currencies in the world. See the YEARLY percentage, ok ?

http://www.tradingeconomics.com/currencies

This post has been edited by netmask8: Sep 9 2015, 10:49 PM

You sound a lot like an engineer :-)

*gulp*
That does help put things into perspective.
Man you guys are loaded ! :-)

Far from it. Learnt investing by DIY,.. perhaps focussed too much on the risk management section.

Money is the root of all evil.

nexona88,

That will provide some diversification too.

In summary, for most Malaysians, 20+% gross income are in EPF. Hence, for most Malaysians, they are overly invested in Malaysia. They should invest / save some money outside of Malaysia and / or foreign currency.

Dreamer

if u r already having myreits, u can always buy some sgreits.

same broker/bank, same process, piece of cake.

cost just a bit more in brokerage.

"Crisis budget" maybe. Even if it turns out to be a "crisis budget", you have to differentiate "whose crisis" it is. Is it a "National Crisis" or "personal crisis" ?

So if we really have a "crisis budget", then more budget will go to the 133 MPs, rural supporters, all the divisions in the party, and anything which will help in the alleviate "personal crisis"

Anyway, I hope the things you wish can be included in the budget, although I am less hopeful

Hansel,

No, YOU are THE PROBLEM.

Money is a LOUSY MASTER!!

My older brother had early retired at 49 years old. He traveled everywhere for fun. He does not spend more time looking for more money. I doubt that he has more money than you. But, he know how to enjoy THE FREEDOM come with having ENOUGH MONEY.

My older sister did the same at 49 years old too. And, being single, she need a lot less money to do the same. There is no problem of having ENOUGH MONEY too.

YOU are THE PROBLEM... YOU do not know and understand the MAGIC WORD for HAPPINESS.

ENOUGH.

Dreamer

correct. needed to look at sreit

Beware of US interest hike. Choose those which is least affected by interest rise

I don't agree to your statement about opening foreign currency account in MALAYSIA or just exchaning money at money changer Why?
1. Bank's exchange rate is too high
2. Money is STILL IN MALAYSIA
3. No interest/dividend
4. Rather than opening foreign currency in malaysia's bank, better I change my money via money changer. More value for money.

Rather than holding physical foreign cash, isn't it better to buy foreign stocks/REITS? Rather than money is sitting at home, not growing. At least somehow the money is growing. If the house were to burn down, the physical foreign cash will be gone in a blink of an eye.

oh yeah.. US Fed Rate also needed to be considered

In respect of FCY, TT will have a smaller spread -v- OD

no, i mean... do u seriously think putrajaya thinks there is an economic crisis?

u must hv read the news:

"other currencies also falling"
"our fundamentals are strong"
"this is better than 1997-8"
"we can face any challenge"

so, what crisis?

Ramjade,

1) Which money changer has the best exchange rate??

2) Can you exchange money via money changer and deposit into foreign currency A/C?

<<isn't it better to buy foreign stocks/REITS? >>

3) You invest in ASx. Do you read your ASx's prospectus??

A) How much is the annual maintenance fee of your ASx??

B) How much is the sales charge for your ASx??

Now, if you invest in ASx but do not read / study enough to begin with, do you expect OTHERS to study enough to invest in foreign stock / REITS??

http://www.asnb.com.my/pdf/PRODUK/Master_P..._prospectus.pdf

Dreamer

1) If you look at the spread of banks, it is higher compare to money changer. I use XE as my reference and I found that banks prices are usually way more comapre to XE. Moneychanger's rates are more or less around XE rates

2) Malaysian bank do not accept foreign currency. Ask them before if I want to topup, can I bring USD notes and deposit?
ANS : Nope. You have to use RM to deposit.

3) Nope. I didn't read.
A) 0 ZERO
B) 0 ZERO
I invested in the fixed price funds hence zero charges. Only very little in the variable price funds. That will be converted to fixed price upon making sure that there is no loss there. (that was a mistake on my part)
Yes I am well aware that they may change to VP in the future. But they have an excellent 19 years of track record giving stable dividends. And no, I don't have EPF.

You still haven't posted your views regarding my statement


This post has been edited by Ramjade: Sep 10 2015, 01:14 AM

Greed is the root of all evils not money.