While I am no proponent of the current government's policy, please take a look at the following graph of GDP per capita for Malaysia

http://www.tradingeconomics.com/malaysia/gdp-per-capita Press the "Max" button for 1960 numbers.

Look at the ups and downs. It follows economic cycle, like all other countries in the modern times. On some years, a country may encounter set backs, but they recovered.

Does the graph occurs to you that "how far had Malaysia GONE DOWN over this past 40+ years...." ? Isn't that negative if you think so ?

However, if you say Malaysia is lagging behind other countries given the vast resources, then I fully agree.

Unker, if you don't mind me asking, how long have you migrated to the USA ?

Showtime747,

<< Does the graph occurs to you that "how far had Malaysia GONE DOWN over this past 40+ years...." ? Isn't that negative if you think so ? >>

I am ONLY NEGATIVE about Malaysia. Not about the rest of the world. If you believe that Malaysia can and will recover without the help of oil money, I wish you best of luck.

I had divested from Malaysia. I am prepared.

Dreamer

Even with an uptrend graph from a reliable source cannot convince you that Malaysia has not "gone down over the past 40+years", it shows only one thing : you still keep your "reputation" in LYN - the "unconvinceable never wrong guy"

Not only you divested from Malaysia lah. I am not 100% out of Malaysia, but I have enough outside of the country to tie me over all eventuality. Any seasoned investors should have looked at risk diversification be it good or bad times

Those who haven't done so should do it. Maybe not 100% leaving the country like unker, but a good proportion. The RM depreciation should be enough of a wake up call

Showtime747,

Why argue and debate?? We will know soon enough. Malaysia had ran out of Oil Money. We will know soon enough whether Malaysia can recover without Oil Money.

My goal was to save as many people from this sinking ship.

A) If people do not see this by now, they had done nothing to prepare for this. It is TOO LATE... So, why argue??

B) If people had seen this, they would had done something. I do not need to tell them.

In summary, I wish people best of luck.

Dreamer

This post has been edited by dreamer101: Sep 21 2015, 08:47 AM

dreamer101, you mentioned etfneeds a few thousand dollars right? Is rm5000 enough to start?

Ramjade,

1) You need a few thousands in RM as emergency fund FIRST before thinking about investing anywhere.

https://forum.lowyat.net/topic/3649045

2) Ask people on this thread for the minimum requirement.

Dreamer

Would you be able to set a timeframe ? Argue and debate on a specific event is meaningless without a time frame.

It's like saying "based on my opinion, you will get sick one day and never recover". Of course a person will get sick. And he has a chance to die as well. If you want the debate to be meaningful, then a timeframe would help a lot.


I believe our discussion here is on your assertion that "Malaysia will be down and never recover". I have showed you historically malaysia, like any other economies, experienced ups and downs. And there is no occasion since its independence that malaysia was "down and never recovered". Same for oil. Look at the oil price history chart. Oil price never stay at the top and stay there, nor sink to the bottom and never recover. It has its own economic cycle.

Hence I conclude you have too much negative energy on malaysia's outlook.

On diversification, it is another matter all together. We should diversify our investment for risk management. I agree on this point. I have done that myself. For others who have not done so, I don't think it is too late. They should seriously look at it and take the opportunity when US$ takes a breather. Risk management is fluid and dynamic. We should re-balance based on the market movement. US$ maybe strong now, but it will have its bad times in the future, and we should do another re-balancing when that happens.

As we speak, the windows of opportunity on US$ on Friday has lapsed. It has gone up from 4.20xx. Now it is approaching 4.25 soon.

This post has been edited by Showtime747: Sep 21 2015, 09:56 AM

I think dreamer still staying in Malaysia cos of certain reason. Am i right dreamer?

Most malaysian are influenced by herd behaviour, blind by greed, trapped and refused to listen to alternative opinion.

Oil revenue will increase eventually, the issue with our gomen is expenditure will increase much faster than revenue. More and more gomen borrowing, guarantee will be off budget.

Malaysia will certainly recovered to pre crisis status but falling behind neighborhood countries.

This post has been edited by icemanfx: Sep 21 2015, 10:21 AM

Nope. From what I have been following, he has migrated to the US. I could be wrong.

while many "know" it, i think only a minority understand all the reasons and its coming impact.
most simply brush it off a temp, will return to 3.30 or has no impact on them.
partly becos they our ministers tell them that, and they believe.
can't help if that is the ingrained thought process.

in the absence of new major development, it will most likely hang around 4.20-4.30.

gdp or gdp per capita looks fine but once u look at debt/gdp or debt/capita, it doesn't look good - been using enormous debt to buy gdp.
we are not in recession and hope it doesn't.
if it falls into recession, it will be harder this time to bounce back - rising consumer prices, huge debt overhang, little room to move.
it will take massive cuts in big ticket items of the budget and we know bijan & co. will not do that.
i am of the view the economy and rm will get worse before they get better. not all doom and gloom but quick recovery will be elusive.

Showtime747,

<<Would you be able to set a timeframe ?>>

It is your money and your life. You have to make the RIGHT BET before it is too late. You have to live with your decision. I had placed my bet. You have to decide on your own.

I wish you best of luck.

Dreamer

icemanfx,

It will not. Malaysia had reached peak oil production a few years ago. So, even if the oil price did not go down, Malaysia will have less oil money.

Dreamer

Oil is a commodity, commodity price is cyclic. It seems o&g reserve off Sabah is very substantial, the gomen is keeping it close lip as don't want sabahan to ask for higher loyalty payment.

icemanfx,

LOL!!! Thank you for a good joke!!

Dreamer

Believe one can count number of supply vessels based in Sabah.

Hello Hansel, with the expensive SGD now is it still worth buying? Should I wait for dip (probably not anytime soon) before I start investing some? What's your opinion? Thanks.

Maybe you need to consider re reading your comments posted here. The more you use offensive/abusive words the more u look stupid and unprofessional and further more it is an ADVICE ... is their decision to follow your advice or not.

the only impression you project out to hundreds of reader here is you have low EQ
im not here to defend any ASx buyer nor diversify investor. In fact i agree with your advice but the way you put it in words and condemning ppl make ppl lost interest even you are the best investment guru.

Icemanfx r working in OnG industry ?

Ice cream stall assistant and student.