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USD/MYR drop, V2
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TSwil-i-am
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Sep 9 2015, 10:24 AM, updated 11y ago
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Continue from original thread https://forum.lowyat.net/topic/3461956/+25008/9/2014 - 3.1740 31/12/2014 - 3.4965 31/3/2015 - 3.7035 30/6/2015 - 3.7730 31/7/2015 - 3.8245 28/8/2015 - 4.2000 8/9/2015 - 4.3385 30/9/2015 - 4.3955 30/10/2015 - 4.2960 30/11/2015 - *29/9/2015 - 4.4565 (Highest) This post has been edited by wil-i-am: Nov 22 2015, 11:38 AM
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TSwil-i-am
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Sep 9 2015, 03:13 PM
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QUOTE(Hansel @ Sep 9 2015, 01:33 PM) For the helpful forummers here who carry a view that the ASM is still viable, please visit your branches asap if you wished to top-up or open booklet. I have made some divestments ! Good luck ! U divest 4 or 5 or 6 digits (excl decimals)?
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TSwil-i-am
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Sep 9 2015, 11:34 PM
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QUOTE(Ramjade @ Sep 9 2015, 11:16 PM) I don't agree to your statement about opening foreign currency account in MALAYSIA or just exchaning money at money changer Why? 1. Bank's exchange rate is too high 2. Money is STILL IN MALAYSIA 3. No interest/dividend 4. Rather than opening foreign currency in malaysia's bank, better I change my money via money changer. More value for money. Rather than holding physical foreign cash, isn't it better to buy foreign stocks/REITS? Rather than money is sitting at home, not growing. At least somehow the money is growing. If the house were to burn down, the physical foreign cash will be gone in a blink of an eye. In respect of FCY, TT will have a smaller spread -v- OD
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TSwil-i-am
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Sep 10 2015, 07:01 AM
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QUOTE(icemanfx @ Sep 10 2015, 02:23 AM) Greed is the root of all evils not money. From another perspective, in fact greed is gud
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TSwil-i-am
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Sep 10 2015, 02:55 PM
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QUOTE(Hansel @ Sep 10 2015, 02:53 PM) I have been a bit luckier,... my props have appreciated and with full tenancy, my SG REITs have not dropped till my Average prices, and most of my stocks and fund holding everywhere are still holding. The single biggest problem tat I have is my ASX holdings. and the second major problem is an oil ctr in the US that has depreciated in price by 80%, though still giving out dividends. I tot u have disposed almost all ASX?
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TSwil-i-am
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Sep 10 2015, 03:07 PM
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QUOTE(Hansel @ Sep 10 2015, 03:02 PM) Not all,.. yet. But even if I have, I would still classify that investment as a risky one for me this year. I have not divested any other instruments except for the ASX this yr.. U can perform realignment of portfolios by assigning perhaps 1% as risky
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TSwil-i-am
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Sep 10 2015, 05:58 PM
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QUOTE(Hansel @ Sep 10 2015, 05:49 PM) Tq,.. I was watching Bloomberg the other night and I saw the words : Brazil on the brink. Today I saw Brazil has been rated 'Junk'. Now I know the reason. Could Brazil recover from its present conditions n stand up again in anticipation of Rio 2016 Olympics?
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TSwil-i-am
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Sep 10 2015, 09:21 PM
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Which Country Will Devalue Their Currency Next? Libya, Equatorial Guinea and Oman http://www.bloomberg.com/news/articles/201...guinea-and-omanSurprisingly MYR deem neutral...
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TSwil-i-am
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Sep 10 2015, 10:35 PM
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A lot of Ppl is opening new foreign currency a/c plus changing to foreign currency notes as they anticipate MYR will depreciates further against major foreign currencies V will witness another herd mentality in foreign currency which is similar to properties few years back However, tis Ppl fail to realize tat USD/MYR could make a u turn n start to appreciates Wat tis Ppl gonna do when MYR runs wild on USD?
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TSwil-i-am
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Sep 10 2015, 10:51 PM
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QUOTE(AVFAN @ Sep 10 2015, 10:38 PM) oh, i think they know. what will reverse the trend will not be oil or cpo rebounding hard or china flies again. it will be m wins, n leaves. this one is a matter of weeks or months, not years, imo. Could b matter of days
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TSwil-i-am
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Sep 11 2015, 11:51 AM
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Some countries facing possible rating cuts and 'junk' status http://www.thestar.com.my/Business/Busines...cuts/?style=bizM'sia hanging on the cliff
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TSwil-i-am
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Sep 11 2015, 01:40 PM
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Weak ringgit causing poor consumer spending outlook http://www.focusmalaysia.my/Markets/Weak%2...nding%20outlookInflation goin up slowly...
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TSwil-i-am
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Sep 11 2015, 04:20 PM
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Ringgit heads for worst run of weekly losses since 1971 http://www.theedgemarkets.com/my/article/r...kly-losses-1971Biz as usual for our Govt
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TSwil-i-am
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Sep 11 2015, 06:08 PM
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BNM maintain OPR at 3.25% Will MYR continue to drop?
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TSwil-i-am
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Sep 11 2015, 10:08 PM
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QUOTE(kit2 @ Sep 11 2015, 09:31 PM) went to tesco this evening. shocked to see the crowd in front of the mamak money exchanger. normally there is hardly any customer at the counter. is this a sign that ringgit is going to drop further? When u define crowd, it depends on which school of tot u came from:- 1st - A lot of 'genuine' clients 2nd - Owner orchestra 'artificial' clients to give gud impression
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TSwil-i-am
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Sep 11 2015, 10:48 PM
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QUOTE(Hansel @ Sep 11 2015, 10:43 PM) I don't think so,... in the last GE, PAP won,.. 80 seats, if my memory serves me correctly ! I was there,... I think and hope that this time, it wil be better for the PAP. Any possibility for PAP to increase national vote share from 60% previously?
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TSwil-i-am
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Sep 12 2015, 04:16 PM
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QUOTE(Hansel @ Sep 12 2015, 03:36 PM) thirty more at least, if possible !!!  Y 30 more?
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TSwil-i-am
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Sep 12 2015, 11:43 PM
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Malaysia's Prime Minister Najib Razak to announce economic measures on Monday http://economictimes.indiatimes.com/news/i...ow/48931695.cmsSaviour on d way?
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TSwil-i-am
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Sep 14 2015, 09:10 AM
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The world remains in a mess, so is Malaysia; what are we to do? http://www.thestar.com.my/Business/Busines...ange/?style=bizPerhaps N shld answer...
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TSwil-i-am
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Sep 14 2015, 09:24 AM
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Weak ringgit hurting SMEs http://www.thestar.com.my/Business/Busines...SMEs/?style=bizHow many % of SMEs will go bust by end of tis yr?
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