Anyone here with a contrarian viewpoint and converting currencies the other direction, i.e. USDs to RM ? 

I'm waiting too,... this time, should the RM strengthen,... I think many will convert 'out' already,... but somehow, I have a feeling hidden hands are making the RM weak in order to shut us in,...see how long they can do this !

cherroy

In a company, say a consultant company, your customers made police report that one of your consultants scammed their money. Would you as the management still let him go around talking to your other customers ?

Here, police report has been made against him. And LYN still let him roam around....

Any company would have suspended him pending investigation. If not, all their customers will all run away....

I think this is relevant to the forum as a whole. If LYN is known for scammers loitering around, then there will be no more credibility...

Official guidelines issued by BNM on latest forex:-
http://www.bnm.gov.my/documents/2016/Suppl...ation_Rules.pdf

Forcing exporter to convert 75% proceed automatically to myr is a form of capital control. This will encourage exporting companies to park proceed offshore and deter foreign investment to set up regional center or business here for export. In the long term, is detrimental to current account balance. Implying bnm is willing to sacrifice long term benefit for the short term stability i.e. is desperate.

Why are you converting back?....you got good investment in myr?....

Too bad we cannot rewind back 1 month (let alone 5 years). What has happened, happened. At this point of time, the reality is that KLCI and RM performed poorly.

History will repeat itself. We have to plan for the future what is best for ourselves...

If we can cherry pick like cherroy said investing in export counters of KLCI, then I would rather cherry pick a property flipper 5 years ago. With zero down and DIBS, their investment of RM20k can give returns of RM200k upon VP

That is 1000% in 2-3 years. Do it 5 times over 5 year period, and you made RM2m with RM100k capital

But history is history. Not going to happen again in the next decades.

That's why diversification asset is very important.
Every period of time, we have different trend and different performing asset.

For investment, opportunity is always there, market is always open.
If it is done too fast that resulted investing into the like stock code C in US prior before financial crisis, one may regret it was done too fast as well.

Investment shouldn't be rush upon, as it may lead to mistake made in between.

1986, 1997, 2008, next year is 2017, the curse of 10 years cycle?