Yo position is indeed sharp as I bot @ higher price 4.2370 although on same day

USD/MYR officially cross 4.40 mark n trade @ 4.4025 now

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...

in 5 yrs, i see best case will probably be 3.5, worst case 4.4.

here, not many things change over 5 years.

here, many things when they come down, they stay down or go down further.

New high

This post has been edited by pustapazik: Sep 24 2015, 05:34 PM


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Do you mind sharing which bank you proceed with DCI? Max i got is 21% in this week with minimum strike rate and 1 week contract.

Thank you in advance

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This post has been edited by drake88: Sep 24 2015, 06:07 PM

I observe one thing. whenever there's school holiday, MYR would get even weaker & sometimes break new record high
I guess that's what happening today

This post has been edited by nexona88: Sep 24 2015, 06:09 PM

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

Ok, thanks. You are right that forex trading's quotes are the tightest but the reliability of the broker is a concern. Maybe I should not use the term instruments because I invest in ordinary stuffs like stocks, reits, long term holding for mutual funds. Looking to diversify further into overseas stocks. Curious to know also what kind of funds must one have before you can deal with DCI locally or have RMs attend to you. And how about in Singapore? What kind of funds before they allocate RMs to you? Do you conduct the DCI through phone alone after signing some documents when setting up?

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

I have my allocation to the other side of the world setup. My allocation to this side is still bullish on Sgp.

this was my post back Aug 10th
ouch

should i dump a part of my money in USD or SGD ?

And SGX has no tax

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

USD1=MYR4.42 (as of 7p.m on 24 Sept)

Looks like it will reach 4.5 this week as Jibby goes USA ... If continue to fall like this, what option does Zeti has ... I think is only to increase interest rate (as inflation is also on the rise). Would refinance with fixed interest rate; a good option?? What is current loan fixed interest rate? Recommendation??

What other options does she have .. Sifu, please share and advise.

Imho worse come to worst most probally will be peg at 4.5 is it does comes to that.

Gomen will get more bang per petronas $ from depreciating myr, why need to peg?