They are all businessmen. They have their own interest to protect. When every player suffer enough, they will sit down and talk. Then another "Opec" will emerge. This is another possibility

Oil is not like FMCG. They can form cartel for their own benefit. There is no anti-trust law governing them. They are the law.

Nothing is static. Especially when you talk about money, people will be very creative

Mine ? Very simple. I accumulate foreign currencies now SGD, USD and AUD and let them sit in bank doing nothing (except AUD got 2.x% interest). Occasionally play DCI when interest rate go up >20% with favourable exchange rate. Have sold 75% of my stock 3-6 months ago and waiting a little bit longer to buy back. Maybe Nov, Dec or next year

But the amount of forex is not as much as I would like to have. Well, everybody is greedy...

Your opinion noted

When ?

If you are really a man with balls and meant what you say, it is only a one line statement to type here. Is that very difficult ?

A prediction without time frame is like predicting "Malaysia will win the World Cup one day". I can BS and can never be proven wrong.

Or are you not confident enough about your own belief ? I thought you want to be "VERY ACCURATE" in what you are saying ?

This post has been edited by Showtime747: Sep 22 2015, 07:21 AM

Trying to talk about something else to avoid giving yourself a time frame so nobody could prove you wrong ? That is the usual strategy of some feng shui master too

1. I have enough of overseas investment to tie me over. I have a business which earn USD and RMB since many years ago. 2 of my kids are workiing in Australian and UK now I can go there any time. Don't assume everybody is not prepared. I just want something concrete from you so I can put your prediction in perspective. Your prediction so far is "intangible" to me. Layman word - "catch no ball"

2. It is not about luck. If you are so confident, you would know roughly when malaysia's economy will crash.

3. Afraid to read my reply ? Because I press you to a point you can't answer. That's why you try to ignore me. You can't even give a simple straight answer

4. You are just not confident enough to give a simple time frame prediction, fearing me to laugh at your mistake. In other words, you are afraid to make mistake

Anyway, the readers can read how chicken you are

Ok, I shall stop until you give me a timeframe of your prediction. Apologies to all other readers for OTing

The one liner answer I expect from him is "when". Just a date/timeframe. How complex can that be ?


p/s no I won't accuse you of his supporter because I have not even heard of you before. You are not as famous as unker dreamer in LYN. Sorry but I have to let you know you are a nobody here

Ya I agree with you. Direction is there (that malaysia is heading for a tough time), but claiming the economy is doomed and will never recover is too extreme. That is too negative.

As a good investor, we should not write any possibilities off and bet everything in 1 go. The world is so fluid. Everything is possible. By "Sai Lang" on an extreme belief, these extreme investors are putting all their money in a 1 way traffic. If the direction changes, they could not take advantage of changing tides

I suspect unker dreamer has made a "Sai Lang" bet a few years ago. He wants to see his decision was right to prove to himself he is not wrong. Hence his extreme view. Just my guess

Unker dreamer is 0-100. Me is 50-50. Still haven't achieved yet. I have learnt the lesson of not diversifying fast enough. Should have done it 10 years ago

No lah. Still concern of what I have. I treat myself as the guardian of the investment. So I have the responsibility to preserve for my next generation and my staff. While enjoying as much as I could at the same time. For my business, I still need to be "motivated" because of the staff. If I am contented, my staff will not progress and make more money too. So the urge, pressure and motivation to make more money is still there. Although semi-retired, different people around me are still pushing me to charge forward

Knowledge is never too much to learn. I can learn a lot from many people here - their investment knowledge, their thinking and the attitude. I can see many right attitude and motivated people here, as well as a few negative and pessimistic people

When you reach my age, then you will know less is more. And money is not everything. But the circumstances may not permit you to step back or go slower. You will feel the true meaning of 人在江湖身不由己

Looks like Zeti has emerged from hiding since last week. Can read many news about her and her department lately

Hmm....can see a lot of resemblance. Emerging market, oil producing country, big scandals, high debt level, austerity. But Malaysia economy is still not contracting (yet) and with low inflation. A little bit better

INB4 someone will come and say Brazil will be doomed and never recover because they have no enough oil money anymore

Inflation figures only on essential stuff. Actual inflation on everything else is a lot higher

Just like the unemployment figures in other 1st world country. USA, EU, Aust...actual is higher than official numbers

US$ is strong. Other currencies like AUD, SGD, Euro, GBP is still around the same level. From here, I think market sees US interest rate will hike this year already. If not October, then December. The recent Sept FOMC shows hike or no hike has little effect on the world market either way. Market is going down whatever Yallen decides. Makes Yellen's job a lot easier

I better switch more to USD whenever there is chance. I think anything below 4.30 is good. Potential 4.50

Ya boss. They have been holding back since then. "One day" they will increase, surely !



P/S : "One day" is a very good open-ended time frame to use. I will never get wrong in a debate

How come USA increase interest rate, depreciation pressure for EM currencies will slow down one ? If US interest rate increase, more demand for US$ --> US$ will appreciate. Other currencies will depreciate. According to textbook lah...

Macam-macam theory ada. Everything is possible

Is it ? I also forgot already

Those who hold SDG or SGD denominated investments, there might be a risk coming that MAS might do further monetary easing

http://www.theedgemarkets.com/my/article/s...ary-easing-risk

I read it as HLIB is so confident RM will appreciate back up to a best of 3.55. The worst also is 4.20. In any case, RM will strengthen in their view and the worst is over.

The most optimistic banker in the market now.

At least the banker has BALLS to predict a time frame - by the fourth quarter of this year. That is what I call a prediction. Come with a time frame so we can judge his prediction is right or wrong. Not an open-ended prediction. People is not afraid to make mistake

Unlike some negative and pessimistic balls-less people here who like to bull shit without a time frame. They will never be wrong and can keep BSing here forever

They are saying "by the forth quarter of this year" and "at year end". Let's give them benefit of the doubt and see if their bravery pays off by 31/12/2015.

I like they have the guts ! I have never deal with HL bank. Maybe I should try them soon

It is Hong Leong Investment Bank. A big organisation. They put their reputation on the line in the open. At least they make a complete prediction which we can judge them within a time frame.

I do care IBs or stock brokers are right or wrong. Their opinions affect my decision. And yes, I will form an opinion on who is good at prediction as times go. At least I can judge them if they give a time frame.

For those who refuse to give a time frame while still love to give their prediction with rhetorics, I can't tell whether they are right or wrong ever. They could be right after all. But they have not balls or intention to prove themselves. That makes a debate very difficult and with no ending

BTW, what do you think of RM by this year end ? Just curious to know