Bro,... don't buy Genting for dividends,... they don't believe in rewarding shareholders in this way, they believe in rewarding shareholders via growth and capital appreciation. They believe in retained earnings.

That's what LKT said once when they held the AGM in Sgp.

They are, after all, a gambling counter,....

kpfun reiterated on what I mentioned on Nov 2, 2016.

Yes, there is an error in my statements being : since 2004, compounding effect,... but it was for just for one yr only was the dividend paid out in cheque since I invested. I hoped forummers don't harp on this,...

To add more : I used to be satisfied earning 6-7% per year back in those days, but when the RM plunged in 2014/5, and the SGD rose to 1 SGD = RM3 or more,... I don't think 6-7% is good enough anymore. We must not look only at in-country events, or compare with in-country FD rates and in-country UT performance, we have to see and compare with our purchasing power against the whole world.

We have other advantages compared to many countries, especially when compared against the western countries. the advantages are :-

1) We are NOT TAXED on our overseas income, hence, from whatever we make from our overseas investments, we don't have to pay taxes, LEGALLY.

We don't even have to declare on this income.

Many western countries impose taxes on worldwide income. The US is 'discouraging' American citizens from investing overseas.

2) The Gov't is no more discouraging us from sending funds overseas, unlike during that PM's time. It's more of a free economy now, this is one thing good abt the current leader.

3) We are near to a country that is now a worldwide financial hub, the culture is the same, the people are similar,... why not take the advantage to join in onto the bandwagon ?

No need to go far, bros,... just travel down 350 km only,....

Many people in the world wish to invest also can't find the above advantages, especially those from western countries, and those from the developed countries. Take the opportunity, bros,..... before the doors are closed.

The best way is to try out the different banks to do TT.

The word : legally, can be taken in many different ways.

From the Taxation Act, if work is done locally but paid from a foreign country via direct remittance to a Malaysian Bank Account, then you must declare. Taxed or not, let LHDN decide.

If work is done abroad, including normal work and investments, there is NO necessity to declare.

Please interpret the above paras carefully, and you can see clearly where is the possibility for taxation.

Your financial commitments in Msia must fall within some prescribed limits if you are going to tick 'Investments' on the objective for TT'ing out. After ticking this, I have not heard of anyone being checked and being prohibited from TT'ing due to breaches of those prescribed limits.

It's still quite lenient at the moment - free economy.

Yeah,.. BB,... I used to think like this too,... so much hard work to diversify,... and the returns are lower than FP too !!! might as well dump all into FP and stop all the thinking,....

I would do my best to exhaust all my avenues to get safer and better returns,... and after that, if still no choice, I would need to go hunting for FP units,....

Yeah,... this is normal,... after sometime with an instruments and our knowledge, experience and confidence hes been built up, we tend to want to try out more risky stuff, in the process, hoping to get better returns. Even fixed income investors do this.

Yes,... bb,... you will not regret it later,...diversify yr currency holdings before the doors are closed.

Well,... I am a lot ofr the SGD, however, I too believed in diversification,...

When 'capital controls' are eventually lifted later, please diversify your holdings.

Yes,... indirectly,... the actions taken are almost similar and the effects and consequences felt are almost similar,...it's just that there is no official declaration of this only,.... but I'm open to criticisms, I'll accept opinions,...

I would advise the investors here to broaden their scope and go open accounts overseas to invest. If they have the capacity to invest in PNB, they would have the funds, generally, to invest. Perhaps no knowledge, but this can be improved.

Change their RM into foreign currencies and diversify their currency holdings, since the doors here and outside are not fully-closed yet !

However, I am beginning to see signs of doors closing in MY (preventing funds from being taken out) and SG (preventing opening of bank accounts here and there).

PLEASE MOVE BEFORE IT IS TOO LATE !!!

"people are moving to "safe" investments like ASx blush.gif "

RM investments are not so safe anymore, bro,...

Actually if the RM's strength is close to the SGD's, not necessary to be the same,... but being close is good enough-lar,..then the ASX FP funds are really very good investments.

Can get 6+%, and no brainer,... just sit and wait for the money only,... actually very good !!!

Yes, William and MGM,... BUT : nothing is perfect,.. MYR is weak and open to shocks, getting weaker and weaker.

I think from those infos shown on Williams post, PNB has everything on us EXCEPT our Bank Account No, right ? What is the timeline given,... must update by when, bros ?

Then this updating exercise is something normal,... = no need to do ! Msian-style,... so, better go do something else more productive first ! After all,... ASX investments are supposed to be no-brainers,....why spend so much time for an RM investment ?

Err,...naturally, one would want to hav as low an RM amount per USD as possible to convert. But if one has ways to make money from the USDs gotten from a conversion, then I think it's okay to convert at any rate at all,...provided there IS AN OPENING NOW IN THE ASSET CLASS TARGETTED outside.

Don't know how to explain this,... it's something like,.. the price of Manulife US REIT now is good,... so, getting hold of expensive USDs now is okay if you convert to buy into Manulife US REIT,... as an example,...