QUOTE(moosset @ Feb 26 2020, 04:07 PM)
since we are expecting a recession as the nCOV gets worse, which currency is likely to appreciate based on past experience?
Safest is gold. Some recommend Bitcoin
If fiat money then I guess it is USD or Yen.
But right now, the virus is involved. Meaning if Japan fails to contain the virus, high chance it will depreciate.
So maybe you can bet on the country that can properly contain the virus or no people infected.
QUOTE(moosset @ Feb 26 2020, 04:07 PM)
ah, yes. I mean, you get your original capital at the end of the maturity if the company/country doesn't go burst.

Bond ETF is just like a bond but like an 'average bond'.
Not really a good example but here goes:
Let's say there is a bond ETF comprising of 80% AAA, 15% BB, 5% B grade with par value RM1000 and 4% annual coupon.
Now if all 5% of B grade bonds default and the companies go bankrupt without paying anything, you are still left with 80% AAA and 15% BB.
So your par value in theory becomes RM950. Coupon payment may drop because B grade bonds cannot pay.
This means there is no 100% guarantee you will get back your par value when it matures BUT high chance of getting something back.
If invest in 1 bond alone, you may lose everything.