Hansel,

<<For the helpful forummers here who carry a view that the ASM is still viable>>

Are you helping or hurting people with this post?? You have substantial investment outside of Malaysia. Even if you invest in ASx, you DO NOT put all your eggs into ONE basket. Meanwhile, most Malaysians have 20+% of their gross income in EPF. If they invest in ASx, they are putting all their eggs into ONE basket. How could that make sense??

It is VERY SIMPLE.

Do not put all your eggs into ONE basket.

If you want to be helpful, WARN people before telling them to invest in ASx.

It makes sense for BUMI to invest in ASB due to political reason. But, why would a non-bumi invest in ASx??

Dreamer

This post has been edited by dreamer101: Sep 9 2015, 09:06 PM

langstrasse,

He has 8 to 10 millions worth of investment and fair amount of that in Singapore. As long as he does not lose his money, he has more than enough. So, please bear this in mind when you read his post.

Dreamer

Hansel,

Which part do you NOT UNDERSTAND?? There is no more rabbits in the hat. In the old days, TDM can ask Petronas to give and spend more money. There was no reform but a bail out. There is no more EXTRA OIL MONEY this time. There is nothing that he can do.

Dreamer

Ramjade,

1) Basic personal finance.

Keep 3 to 6 months of expense as Emergency Fund before investing. The emergency fund should be kept in FD.

2) What is stopping those people to exchange some of the cash to USD?? Nothing.

Dreamer

Ramjade,

It is NOT the same. It is a form of diversification that you do not get with ASx.

How many times do I have to REPEAT in order to get through your THICK SKULL??

Do not keep your all eggs in ONE basket!!

Dreamer

This post has been edited by dreamer101: Sep 9 2015, 10:41 PM

nexona88,

That will provide some diversification too.

In summary, for most Malaysians, 20+% gross income are in EPF. Hence, for most Malaysians, they are overly invested in Malaysia. They should invest / save some money outside of Malaysia and / or foreign currency.

Dreamer

Hansel,

No, YOU are THE PROBLEM.

Money is a LOUSY MASTER!!

My older brother had early retired at 49 years old. He traveled everywhere for fun. He does not spend more time looking for more money. I doubt that he has more money than you. But, he know how to enjoy THE FREEDOM come with having ENOUGH MONEY.

My older sister did the same at 49 years old too. And, being single, she need a lot less money to do the same. There is no problem of having ENOUGH MONEY too.

YOU are THE PROBLEM... YOU do not know and understand the MAGIC WORD for HAPPINESS.

ENOUGH.

Dreamer

Ramjade,

1) Which money changer has the best exchange rate??

2) Can you exchange money via money changer and deposit into foreign currency A/C?

<<isn't it better to buy foreign stocks/REITS? >>

3) You invest in ASx. Do you read your ASx's prospectus??

A) How much is the annual maintenance fee of your ASx??

B) How much is the sales charge for your ASx??

Now, if you invest in ASx but do not read / study enough to begin with, do you expect OTHERS to study enough to invest in foreign stock / REITS??

http://www.asnb.com.my/pdf/PRODUK/Master_P..._prospectus.pdf

Dreamer

Ramjade,

1) That means you did not shop around and find out which money changer has the best rate.

2) You actually did some research here

3) If you did not read, how do you know you got the right answer??

A) Wrong answer.

B) Maybe...

<<I invested in the fixed price funds hence zero charges. >>

Wrong answer.. You DO NOT KNOW since you did not read the prospectus.

A) The charges could always be deducted from the dividend

B) They could deduct a fixed amount when you sell.

<<You still haven't posted your views regarding my statement>>

I had answered your question. Why tell someone to invest in XYZ when you could not bother to do a bit of research on ASx and money changer to begin with??

US stock and US REIT required a lot more reading and research. You would not spend the time and effort to study ASx and money changer to begin with. So, why should YOU invest in US stock and US REIT?? You are guaranteed to fail.

Dreamer

Ramjade,

1) Which money changer has the best rate??

A) Wrong answer. They did charged an ANNUAL MAINTENANCE FEE. It is in the prospectus. I provided the link for the prospectus for you. You CHOOSE not to read and verify.

<<If they deducted a fix charge, it sure would be in the forum.>>

B) You were on a thread with a lot of DUMMIES. See your answer in (A). How many people in that thread did actually read the prospectus and know the answer in (A)??

I asked you a SPECIFIC QUESTION?

What is the ANNUAL MAINTENANCE FEE for ASx?? I did not ask about charges or taxes. Do you KNOW the DIFFERENCE??

`<< You did not answer my question about physical cash /fca not generating interest /dividend. Since you asked people to keep cold hard cash, you didn't answer what happen if the house were to burnt down or A burglar came in and took all that cash away.>>

I had answered your question.

<<Yes I know I will fail because I haven't read up about US stocks. That's why I am not willing to put my money in there yet.>>

You had answered your own question too.

It takes TIMES and EFFORT to study and invest. If people want to invest in something, they better spend the TIME and EFFORT. It takes TIME and EFFORT to go beyond holding foreign currency.

What is MY POINT?

Are you an EDUCATED person?? Do you WANT to BEHAVE like an EDUCATED person?? If you DO, why do you BEHAVE like a DUMMY?? You can read English. You can read the prospectus. You can do Google search. So, WHY do you rely on OTHERS to check this kind of stuff??

http://www.asnb.com.my/pdf/PRODUK/Master_P..._prospectus.pdf

Check page 93 of this document.

Dreamer

This post has been edited by dreamer101: Sep 10 2015, 07:46 AM

Ramjade,

<<There are so many money changer in town. You tell me how to know the one with best rate?>>

Are you trying to tell me that you DO NOT KNOW how to use a phone and call the money changers??

<< But say you have physical rm and you dump it into FD for one year. At the end of 1 year, your rm increases. Now back to your physical usd1000, by keeping it say underneath the mattress, at the end of one year, that usd is still usd1000. It didn't increase at all.>>

Come on..

Is USD 1,000 worth the same amount of RM between the beginning of this year versus now??

Compare this versus exchanging this USD1,000 to RM and keep in FD or ASx??

THINK!!!

The DIFFERENCE between a DUMMY and SMART person is TIME and EFFORT. A SMART person take TIME and EFFORT to do RESEARCH and STUDY before they say anything.

Stupid is stupid does...
- Forrest Gump

Dreamer

Ramjade,

How would you KNOW?? You don't. In order to KNOW, you will need to RESEARCH and STUDY how and what to compare ASx with? What is the proper benchmark??

Dreamer

cherroy,

Maybe yes and maybe no. US economy may not be doing well. But, it may still do better than Malaysia and USD strengthen against RM.

In any case, as an investor, we should not put all our eggs in any ONE basket (country). Then, we do not need to worry which country is doing better at any time.

Dreamer

ikanbilis,

The question should be why the DUMMIES still buy ASx?? And, since they are still doing it, they deserved to be reminded again and again how DUMB that decision is.

Dreamer

Folks,

The ISSUE is not whether USD/MYR rate will change and MYR start appreciating. Recent USD/MYR drop had alerted many people that they have NO DIVERSIFICATION. They put all their eggs into ONE basket (country). So, if that country's economy / currency went down, they lose their purchasing power.

This is Basic Personal Finance. Now, for people that do not know this and argue against this, they are DUMMIES.

On the side notes, USD may or may not strengthen against other currency. But, Malaysia has a lot of problems that can only get worse and not better for at least over the next 2 years if not longer. People need to be conscious of this and protect themselves.

Dreamer

icemanfx,

Come on... Let's THINK for a moment. In fact, why should something like 1MDB need to happen in the FIRST PLACE if the PM can get the money from Petronas??

Dreamer

This post has been edited by dreamer101: Sep 13 2015, 05:29 AM

icemanfx,

That is one possible answer. But, there is another possibility too.

Dreamer

This post has been edited by dreamer101: Sep 13 2015, 07:00 AM

Folks,

You have no choice but to pay EPF. This tied up 20+% of your gross income.

But, DUMMIES will top up their ASx VOLUNTARY and put money into PNB to support the bailout. There will be more rounds of ASx. And, you can count on the DUMMIES to put more of their money in.

How much COMMON SENSE does a person need to UNDERSTAND this SIMPLE statement??

Do not put all your eggs into ONE basket.

Dreamer

nexona88,

Meanwhile, your existing ASx holding are being killed by USD/MYR drop...

Dreamer