The only stuff tat strikes my mind is the present attractive yield (ard 4+%) of 10 yrs MGS

these "investments" have been spent...and the "investments" are yielding in foreign currency as well...

Well, bro,... I continue to do my best here to help forummers do the right thing and the more defensive thing,... not keeping everything to myself,...
Dong all these without hoping for anything in return,... we all don't know each other personally,....

sharing is caring

I don't know what is the % I have overseas, I never counted,... and the figures are very dynamic, money comes in here, then goes out there, etc,... For myself, I am now hoping for the RM to strengthen, so that it will give me a chance to exit. I continue to earn the RM, and since I have no more instalments to pay in the country, I will convert whatever that I can into foreign currencies in order to plough them into investments, and buying hard properties.

I am not thinking of bringing back my foreign currencies, such funds are to be parked in the respective countries for me to use. What I have to chase in my investments is : To earn FASTER than the inflation rate of the country that I invest into.

By the way, just like limeuu, I have also 'parked' my family overseas, and my children, though young... are already studying in one of the foreign countries in which I have investments in.

I won't be making foreign currencies yet with 'those investments'. I'll have to continue making/earning foreign currencies using their instruments. I take this as an event in life, the ablity to continue life in a foreign country WITH the family ! Investment income supporting my family is, I believe, put to very good use here.

Okay, bro,....

u already know the answer(s).

anyway, how about...

the misinformed will say "tourism".

the dreamers will say, "donations".

the greedy will say, "national assets".

the disillusioned will say, "new mo1".

i would think those with significant amounts abroad have been or are doing it with a conscious plan - the money is mainly planned for outside use.

only greedy politicians/cronies will be doing it big time to profit in RM.

there are small fx punters, of course.

Wow.. I am surprise that you're able to do this effectively.

Earning Ringgit and converting them to foreign currencies to buy overseas assets is almost like
swimming against the upstream current.

In Ringgit terms, it has lost 30% in value for the past 3-4 years against the USD.
Hopefully, you were able to earn an incremental rate higher than 30% to offset this difference and
your foreign assets that you've already bought has appreciated in value too.

Strong dollar seen splitting Asia central banks into fans, foes
http://www.theedgemarkets.com/my/article/s...?type=Corporate


Ringgit may sink to 4.60 against US dollar — analyst
http://www.theedgemarkets.com/my/article/r...2%80%94-analyst



This post has been edited by nexona88: Nov 30 2016, 02:20 PM

i think as a fair guess, MYR will never appreciate aginst the SGD in the long term.
With the type of cultural and brains that we have, there is no way we are ever going to beat SG at economic/wealth management

This post has been edited by prophetjul: Nov 30 2016, 04:11 PM

Hi bro,... don't abt others,... but seeing the way they do thing in Msia, and after having experienced many years of being in a foreign culture, I gather that living in certain other countries have less cons compared to living in Msia today. All countries have cons, and all countries have pros.

We just need to choose which have more pros and less cons.

Those politicians can't live overseas,.. because they're nobody there. We'll step all over them if they try to be arrogant in a foreign land,... everybody must follow rules there lar, even in Singapore. If I am to follow the financial rules of investng and funds transfers, I would expect the other 'dato'' to follow too lar,.. if he doesn't and someone gets to know abt it,... then we need to urge the MAS to take the appropriate actions.

Well, I will not discount the possibility because firstly Singapore in itself is a very vulnerable country. Just because it has appreciated against Rm for decades does not mean you can project into the future . It is not that simple. Otherwise, there won't be any trend reversals in the world and there won't be any downfall in empires.

Tq bro,...

I don't really need to be overly concerned abt the USD, except when I wished to convert more of my RM over. I just need to ensure I have established myself successfully in the land where I intend to build my life in. The currencies and the instruments that I hold have too weakened against the USD, but the weakening is very much lesser than what the RM has suffered.

Anyway, I do hold USD assets and instruments too, and can leverage on this should I come across any shortage anywhere.

Yes bro,... certainly can't discount out on any possibility in life,... BUT we have to take a chance somewhere else, since we are in bad shape ourselves. Given the proximity of Singapore, it's a good place to start with. We can always travel there if we need to attend courses or need to do anything too.

If you compare the SGD against many currencies of the world, you will see on a long term basis, the SGD has appreciated against many currencies of the world.

Edited spelling mistakes.

This post has been edited by Hansel: Nov 30 2016, 03:09 PM

Bro,
Glad to c u have an open heart to help regardless of identity(s)

Agree SGD has been good but there is a price for everything. Just that it is not clear cut now that SGD will definitely outperform going forward . After all they lost a visionary leader in senior Lee and Singapore is too small. I prefer to buy some AUD as well and of course SGD if it comes down lah.

never say never!

Oil bursts higher as OPEC Secretary-General promises deal today

really hoping they strike a deal and we can get back to our normal lives pre GST. I think I grew white hairs in this year alone and I'm only 28 years old.

Ooops.....
Seems like I make d wrong call by Long USD