ASX FP is truly one thing beneficial to Msians in terms of investments !!!!!

That's why I've been : to invest onto this fund, it is just to trust this fund. NO need to crack our heads on why is this and why is that, etc,...Which is why this fund is a good interim location, while we crack our heads on other more logical investments and stronger currencies.

Did you subscribe for the Bumi or the Non-Bumi portion please ?

Bro,... let him reply,....

Tq,.. and congrats,... looks like there are still units to be fished,....

Straight sending to SG, bro ?? Wouldn't you want to put into ASX first while waiting for the RM to strengthen ?

Okay,... no big no small,... what do you intend to do with the funds after converting and sending to SG ?

Good one, nexona,.. try out first,.. gain the confidence,... Get the feel,.... But still, I would urge you to open at least one savings account and one brokerage account in SG before the doors close. Ask your relative to take you to the bank,... that owuld be better,...

Asmasw,... look at the following thread-postings for the last week since the presidential elections. Lots of tips there :-

1) https://forum.lowyat.net/topic/3727515/+1460

2) Thread titled : Openning an account in Singapore.

3) This thread too,... last 10 pages.

To protect our purchasing power, I would say the forex risk of holding the RM is higher than with holding the SGD. History has proven that, unless you are saying RM will soon recover 'permanently'. Even if 'NR' goes, there will only be a slight peak, then gone again,...

I look at itin two ways :-

1) the gain from the currency appreciation vs the RM.

2) further gains from investing in right asset classes.

Without looking at 2) above, if we plot the SGDMYR=X, we can see that historically, the SGD has gained over the MYR, at the very least, in the medium term. Of course, we should not be selling next week after buying this week,...

Then you add in 2) above, and you can figure out the profits...

I used to feel like that last year when the discussion abt FP possibly converting to VP came about. But logic keeps telling me the right thing to do is to move. I'm glad I moved, even though FP did NOT change to VP !

I'm really glad I moved these two weeks, after the Trump Election. If I decide to move now, it would be too late,... for the SGD and the USD have strengthened so much against the MYR compared to last year.

The FP to VP catalyst bode me well,....

I would suggest that those who do not have SG savings accounts and brokerage accounts to MOVE NOW, before SG closes her doors. The relationship between the two countries are sinking, with all the 1MDB investigations being pressed-on by the MAS.

SG has to do what's right - if she is to continue attracting investors. No other way, she has to be a financial centre, can't really depend on inudtries and on Port Keppel forever !

SG is not doing the investigations just because they 'don't like some people' !

But if SG does the investigations, investors will want to follow their laws, otherwise, without proper enforcement, even I wouldn't want to follow the laws anymore.

Why should a person crack his head to see how to follow laws, when others don't need to do so ?

When all follow laws and the same procedures, there will be fairness, orderliness and certainty. Investors worldwide wanted certainty.

I estimate that just the strength of the SGD alone is enough now to wipe out ASX gains of 6.4% per year, for now. NO need to think abt investing is SG intrsuments yet !

Morning, bro,...

Yeah, at this moment, with the MYR so weak, holding the SGD alone and enjoying the currency appreciation is better than ASX FP investments. I would say that is true for this moment,... if the MYR should appreciate against the SGD later on, then no more,... one would need to invest into SG instruments to add in more gains.

Hopefully,... the MYR will strengthen again later on !

Yeah, actually when we compare ASX FP with SG REITs, it's not really an apple to-apple comparison,... different leagues, different instruments,...

But, as an individual, we should look froward towards better prospects ahead, should not let methodologies hamper our growth to succeed in what we set out to do.

Bro,... I will answer your question first : If a person is converting from the RM to any foreign currency now, he is 'buying insurance' for an ability to leave the country to be able to survive somewhere else, even for a short period, before the country falls and riot breaks out ! If the RM continues to fall like this, soon it will be too expensive to buy things from overseas, and many running processes in the country will have to stop !

Well,.... I might be wrong,....

I WAS HOPING NOBODY WILL SAY THIS !!! [SIZE=7]

Bro,... the minister who said this would be the first to leave should riot breaks out !! Before the army closes the borders, the airports and the shipping ports. SOme govt officers a certain rank up will get pre-notifications before,.....

I might be wrong abt the riot and border closure,... but definitely not the pre-notifications....

yeah,... put in the effort bro,.. we never know,... not this time perhaps, but if world events keep 'hammering like this',... sooner or later, surely Msia will fall. Our currency is just too weak, and too open to speculations. Well,... I'm not the BNM Governer, but I know enough that if our reserves are not enough to ward off speculators, then we are very exposed.

This goes back to the strength of the Ringgit. If our RM is strong enough, we wouldn't need to borrow too much to develop the country. And of course, the administration is very impt, how they manage debt, their credibility, etc,...