I have a few IBs previously. Now I stick to 2. 1 in Malaysia and 1 in Singapore. This 2 bankers give me very good advice. They are not always optimistic. Sometimes, they ask me to do nothing. Although doing nothing will affect their business

I get weekly updates on major forex from them. Sometimes optimistic, sometimes perssimistic. I act on their advice and they are right more than they are wrong. So I trust them so far.

I have PMed you the good bankers I use now. I won't tell the bad ones

I also think it won't be better for RM. I will buy if it dips below 4.30 now. I expect RM to fall at least to 4.50 by the end of the year

Of course. There is no prediction which is static. In fact, things could change in the next hour. Like a terrorist nukes New York. US$ will tumble. RM back to 3.30. Gold will soar

What I am saying is without a time frame, no prediction is meaningful. That is what I am saying to the pessimist and negative people here who avoided to make a meaningful prediction. They are just afraid to be wrong. While the professionals like IBs with much higher reputation is not afraid to do that in the open

I guess this is all about personal ego as big as a watermelon

Fair enough. How do you make a decision when to invest. Curious to know...

Their advice is based on the research done by their team. I tell them my objective and my preference and they apply the most current scenario tailor made to my needs.

Not all bankers do that. Most are just like salesmen, just want business by recommending anything which makes them the most commission. As time goes by, I will know who is good and who is bad. And the quality of research teams plays a big part.

Let's see the 4.30 buy, 4.50 TP is correct or not

Ya, I think DJI (and all other markets too) will tumble.

Great mind think alike ?

No he won't step down. Or it will take 2-3 years for him to step down

There you go. My prediction is with a time frame

Read the above. I already gave the specific numbers and time frame twice

I will post for the 3rd time for you specifically --> I buy my bankers' advice - buy when it is <4.30. TP is 4.50. Before year end. It has already touched 4.40 today. I bought last Friday at 4.22xx. Not far away from 4.50

I hope those pessimist and negative people will be very specific. It adds perspective to our debate. The sky will not fall down when your prediction is wrong. Why afraid to be wrong ? Your ego is so big even you are wrong in cyber world, you cannot take it ?

Good strategy. Long term view always prevail. But if you are trading and taking advantage of the volatility, then you have to act more short term.

Having said that, I think SGD will still be better than RM even for short term.

That's why unker dreamer always say - don't put all your eggs in 1 basket. Spread your risk

I thought you invest in US stock too ?

At least you give a time frame like a man with balls

Both getting currency and DCI. Buying currency the spread is higher than DCI. But I get preferential rate (not usual board rate). I have 2 banks which I can compare and get me very competitive rates. Whereas DCI is at spot or very close to spot, depending on your strike price. But for DCI sometimes you cannot convert. When you play DCI for longer time, then you are bound to have many currencies in different forex accounts. I should start looking at forex trading. I think the spread is the lowest.

After some time when you have different currencies in your accounts, that is the time when you have a lot of possibilities to play with. You can just hold it, trade stocks in that currencies for short term, or pair it further with DCI. Some pairing now gives >20% interest because of the volatility. My last pairing in US$ is ~24%

Yes, I am currently short term as the volatility is very high. That is the opportunity to make more money (and chance to lose more money too). I believe the stock market risk is even higher that they may crash. So I am out of the stock market temporarily.

If you are a long term holder, the above is not the way. What are the instruments you invest in now ?

Could have done better if I buy a little bit later (gone in too early) as it fell further down to 4.20xx spot. Could have gotten for 4.21xx. Well one can never buy at the bottom and sell at the top

Good projection. Simple and straight model If the current scenario remain unchanged, then I think 4.40 is possible as projected in your model

But that is not in the interest of those monkeys in charge of the economy. When malaysia is poor, they have less to songlap also. So I think situation will change and your calculation will change accordingly. I hope we will not face SGD 4.40 in 5 years time...

PMed. I did that last Friday when US$ is taking a breather. Monday early morning it has already up.

You need a good banker to alert you when rates are favourable

Good steady and safe instruments you have there. Ya, I think if you believe in those, you should diversify into forex denominated investment very soon. No harm doing diversification




For DCI, most banks have reduced minimum amount down to RM50k. Used to be RM250k minimum. I believe you have read the thread on DCI here ?

RM usually is allocated for those with "preferred", "premium", "preferential" or "privileged" accounts, or whatever term each bank uses. I think the minimum amount defers from bank to bank. Used to be RM300k. I heard it is up to RM1m now. If I am not wrong, CIMB also cater to lesser amount but they call it "prime" customers. I think there is 1 thread about these accounts here too

In Singapore the bank I use set the minimum at US$300k. I am not sure about other banks though.

For DCI in malaysia, I communicate with my RM using Whatsapp only For my singapore account they require the transaction to be recorded, so must be through voice confirmation over the phone. Whatsapp cannot

And SGX has no tax

You use USD right ? If you don't use SGD, then all USD better

http://www.themalaysianinsider.com/malaysi...ays-kadir-jasin

If what it says is true, then RM may have perpetual "potential" to go further...

Remember when RM hit RM3.80 many people think it would be the limit ? They waited and thinking "everything will be fine" but eventually RM fell further.

Same scenario again now. Is RM4.40 now be the new limit and "everything will be fine" again ?