Dude, don't make me swear here. People say SG got work opportunity, you go say SG econ go down. Then which place econ don't go down?!

Folks,

1) I would assume that you never heard of or experienced such a thing as Global Recession.

2) So, if you do not plan for a Global Recession, you must be seeing the world through a rose tinted glasses.

<<Then which place econ don't go down?!>>

3) He has ENOUGH.  If he is diversified enough, he do not need to find a job in Singapore as the backup plan.  Now, are you telling me that is not a GOOD ADVICE??  THINK!!

4)  The correct answer should be a person should be protected regardless of which and how many economies gone down.  But, DUMMY like YOU advice people to invest on ASx and put all their eggs into ONE basket.  Why are you doing that??

Hope for the best, plan for the worst.

Dreamer

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

Ice cream stall assistant and student.

I tot there's has been some workers cut in O&G sector 

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 ?

quite right.

which is why it is pretty irrelevant if one is talking about small amounts of rm or a condition that it must be risk free like fd.

however, if one is open to some exposure to fx and/or equity, then usd and other fx becomes attractive.

imo, if we talk about fx exposure, regular cash returns and potential capital gain, sg reits are definitely a great choice.

easier to buy/sell, zero/near zero tax dividends.

even with sg reit prices correcting lately, one still obtained 7-8% return in sgd in the last 1 yr, >20% in rm.

that, of course, is not risk free like fd.

looking ahead, unknowns are:  will biz conditions improve or deteriorate in sg, in msia?

will rm gain or lose more against the sgd?

Changing cash RM to USD and keep as cash is not that wise.

Majority posts are about exposure and diversification asset that denominated in other currencies.

Invest, diversification that have exposure to other currency /= changing cash RM to cash USD.

Flexi account is mitigate interest charging on your mortgages, not actually a "investment" that most talked about.

size does matter.

for any transaction involving fx, be it in equities or straight conversions, there are min costs, min brokerage fees, commissions, misc charges.

moreover, for larger amounts, u can be premium customer, get slightly better rates which will translate into significant sums.

e.g. for sgreits bought via local bank - every dividend received is subject to sgd10 (can be sgd8 or 15 depending on bank), irrespective of amount. so, if u have few shares and say, the div is sgd20, u already lost 50%. but if div is sgd 2000, it is 0.5% only.

       

My dear bro,.... you don't intend to get married and have children ?????????? What if you fall in love one day, especially with more than one girl ?

Edited : I can't help but wanted to add the 'jovial' emoticons in the top row. Bro Ramjade is thinking like a juvenile.