QUOTE(moosset @ Mar 21 2020, 11:51 AM)
so it's better to have your assets in USD than SGD??
do you have a more favourable outlook of usd than sgd?
I got no preferences. Anything better than RM, AUD.
You have to understand that now the world wants USD. So why go crazy and follow the crowd?
If you remember in 2008 because of what they did, USD was severely devalue even against our RM. Drop to 3.8.
Now you need to think what happen if USD suddenly reverse gear? What are you going to do? Panic and sell your USD? Did you think of that?
Moral of the story, don't FOMO. Don't chase. Stick with your own plan. I have my own. Mine is grab whatever cheap stocks regardless of currency with the exception of RM, AUD and hold. Pure dividend/dividend growth play. Do you have yours? You got today and tomorrow to come up for further plan as market may tank further next week.
If you have no plan, don't worry. It's a long drawn out fight. lasting for few months.
This post has been edited by Ramjade: Mar 21 2020, 02:27 PM