if ringgit follow yuan..is it good to buy usd ? xD

yes.

but what r u planning to do with the usd?

market seems silent this morning

im sure can get small amount of profit if sell back..

we have been thru this many times...

if u mean small amounts to keep in wallet, drawer or under the pillow, it's fine but is not material.

for larger amounts:

.. buy/sell spread can be up to 2% depending on bank/broker/money changer.
.. keep rm in fd = 4.5%
.. use usd for inv = risk of cap loss (or gain)

so, usd/rm must give u >6.5% gain within 1 yr to be meaningful.

This post has been edited by AVFAN: Jan 11 2016, 02:27 PM

i cant expect for 6.5% changes in year.. haha. so u mean better put at fd is it? but fd must be keep for >1yr right?

now, that is for u to decide.

it can't be the same for everyone.

if it is that straightforward for everyone, there will be nothing to discuss!

can expect our clever ministers to disagree.

maybe fitch will counter it too, improve rating...?

Convert over to the USD, buy High Yield Bond Funds in USD denomination and buy Mandarin Oriental in the SGX.

HY Bond Funds (USD-denominated)are now yielding up to 9% yearly, but must choose the correct fund and the correct fund house. HY BOnd Funds were starting to turnaround last week, but got jammed by the China events,.... it's okay, I am still confident,...

The counter : Mandarin Oriental is denominated in the USD, at current price, gives out a yield of approx 4.3%, very stable and growing dividend policy and very strong company.

Opinions ?

Edited by adding the comment for the HY BOnd Funds.

This post has been edited by Hansel: Jan 11 2016, 05:57 PM

hans,

try not to talk 10 million or even 1 million every time!

people with that kind of money don't need advice in LYN.




can comment on rm10k, 50k?

You want stable 6.x, your best bet is ASX FP. but it will even out the drop in MYR only. But that's off topic.

Anyway, one should always buy, USD if it drops. Short break for you to buy before it rises again. Then you sell it off.

Ajib will convince rating agencies, he is cutting expenditure and then go for supplement budget later. Everyone will be happy.

yes, why not? same old formula that works, his supporters will surely bite.

or he is preparing for something bigger?

AV,...I'm not talking in terms of millions here, okay ???

Even with thousands of MYRs, one can still go for those two instruments that I mentioned. YOu just need a bank account and a brokerage account in Sgp,... and judging by what I see here, a few have managed to open such accounts with purely our advice.

I can always do with opinions from LYN,... no problem, it's not necessary that I need to go after my RM in Sgp all the time.

So,... have you studied Mandarin Oriental as a counter for purchase ?

If the rating agencies are happy and upgrade our rating, then the MYR might strengthen a bit upon the revision. I'd like that,... give me some room to convert my MYR into some more USD and SGD.

Bro,... the evening-out will be in the following forms :-

1) MYR depreciating by >= 2.5%.

2) Inflation increasing by >= 2.5%.

3) GST increasing by >= 2.5%.

If, at the very least, any of the above three exceeds the 2.5% quantum, there goes our MYR investment in the ASX. So, do you think any of nos 1), 2) or 3) above will exceed 2.5% this year ? Or will drop below ?

Furthermore, the compliance issue between the SC and PNB remains a worry,.....unless, you have that thing called : trust the Gov't. Well,......I don't, and I believe I have better choices out there besides the PNB FP funds.

no.

too many to buy, too little $.

Of course will increase. Who are we to kid? Prices are getting ridiculous. I noticed buying stuff like oats online and ship to Malaysia could be a better option than buying from the shelves (futurewise - which if it gets to that extend, I will do it). Why else do you think I am going to stop putting ASX once my target is reached? 6.x% maybe high last time. But now, I feel 10% is a must if one were to outrun inflation and myr depreciation.

Like I said, one doesn't need to trust them. Just know that there will be blood on their hands if something were to happen to those funds and they cannot afford that to happen or else you know That's more than enough reassuring for me. Again why else do you think the non-bumifunds are always sold out? The demand is always there? Even a new fund is launch, people will be lining up to buy those funds. Asnb have a very good record of giving consistent returns regardless good or bad time. If they have a bad track record, do you think those funds will be sold out? Even if someone were to sell a huge amount. It's sold out within hours.

As for USD, I don't think this high USD will last. Sooner or later it's going to crash. When it crash, things are going to get ugly. I maybe a student without any foreign exposure experience but somehow I am feeling something is not right with the USD. Not to mention tension in the middle east, Russia & China involvement in the middle east, china's growing powers in the south China Sea. Maybe it's just me, but I wouldn't trust us in the time being. Besides they are practically broke. They cannot afford to "intervene" in another country anymore.

I just came back from a CPD event and this is what I heard. Let me share it with you:

1) The speaker showed the audience the line plot chart over time of oil price and MYR. There appear to be positively correlated, meaning oil price go up so will MYR and vice-versa.

2) currently oil price is very low, so don't be surprise MYR is low.

3) Why is oil price low? Simple: Supply more than demand!

4) USD will increase. Why?
a) US economy is recovering as PMI numbers are > 50
b) unemployment numbers are continuously low
c) Fed rate increasing and will increase slowly but surely.

5) Hence for the near term, MYR will weaken against USD.

So, long USD; short MYR!

Xuzen

Reply for your first para : you said it,... and I don't think it will be 6.4% anymore this year. Very likely, around 6.0 to 6.2 % only if we are lucky.

Reply for your second para : if you continue putting inside the ASX, then you are continuing to trust them. Why ? Because we can see very clearly now that they are not following what they committed in their Master Prospectus (MP), and they are doing as and how they like it. This is not right. Track record ? Come on,... first of all, I do not recall the time previously when they had to reveal the true price of a fund as according to those two MFRS rulings. Never,.. this event has never taken place before, so what track record are you talking about ?

Then you talk about the demand being always there,.... always sold out,... you know why ?? It's because we Malaysians are NOT aware of those statements in the MP. Secondly, for those who are aware, many do not know where else to put their money for supposedly 'safe' returns. That's why,....... many of us Msians are still going after these funds. So what do they do ?? Just trust the Gov't and hope for the best-lar,... what else can they do ???

It all goes back to the point of : trust the Gov't. Not trusting transparency, not trusting that rules and governance are in place to protect investors, but : just trust the Gov't. Like what you are doing now.

Reply for you third para : I wouldn't speculate too much if I am not able to gove a timeline of when will something happen. However, look at historicals, here we can look at historicals. Has the USD appreciated against the MYR throughout the years ? Has the SGD appreciated against the MYR throughout the years ?

What are the fundamentals that will support the MYR in the long run ???? Strengths in the MYR ?? Sure,. just a very short period, then it wil turn around again and weaken,...

Finally, for me,... I have no intention to trust the Gov't just to earn a return that will be wiped out by the three factors which I have mentioned in my previous posting. You said it : judging by the way the value of our MYR is going, even earning 10% against our MYR is debatable.

Don't look at money in its absoluteness,... that is wrong mathematically, as well as practically,... we have to look at money in terms of the value that it brings.