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 USD/MYR v5

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Hansel
post Apr 17 2017, 07:18 PM

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QUOTE(Ramjade @ Apr 17 2017, 07:09 PM)
But he had the vision to before many here had that vision. Ya maybe it's personal vendetta to him.
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Bro,.. he was not talking from vision, he was speaking from anger !

I could be the one who has been speaking from vision,... biggrin.gif

Things like SG banks closing their doors, SGX tightening, and now,... the ASX is starting to 'sieve through closely',... all these are from visions,... I was the one who always said the SGD is strong,... remember ?

... And bro, sometimes, it's not vision,... we just need to have a clear mind and to look at the trend, that's all,....
Hansel
post Apr 18 2017, 06:09 AM

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QUOTE(simonhtz @ Apr 18 2017, 12:40 AM)
Whoa...that's pretty interesting speculation you have there for dreamer. I apologize if this deviated from this thread topic, but what made you think so?
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Morn Simon,...

It's just speculation from the way he wrote,... his writing style is full of bitterness and anger... sure, everyone has such moments in life, but shouldn't be like 100% of the time, right ?
Hansel
post Apr 18 2017, 11:39 AM

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QUOTE(Showtime747 @ Apr 18 2017, 11:08 AM)
Yea....he is extreme. Too rigid. And hold too tight to his principle.
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Yeah,... bro,.. I wouldn't want to be like him,... can get heart prbs,...
Hansel
post Apr 19 2017, 11:46 AM

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QUOTE(lowyatjoe @ Apr 19 2017, 10:31 AM)
Awesome post
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Tks bro,... just some thoughts and personal experiences,..
Hansel
post Apr 20 2017, 04:29 PM

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QUOTE(TOMEI-R @ Apr 20 2017, 02:49 PM)
Economy is bad/ Ringgit falling blame it on low barrel prices. When inflation sets in, blame high oil prices. Apa lagi dia orang mau blame?  rclxub.gif
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Hansel
post Apr 21 2017, 10:43 AM

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QUOTE(AVFAN @ Apr 21 2017, 09:58 AM)
weak $.

if buy $ now, good chance.

things may change quickly.
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Bro AV,... thank you very much for your consistent updates,... really appreciated it ! thumbup.gif
Hansel
post Apr 21 2017, 11:18 AM

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QUOTE(Ramjade @ Apr 21 2017, 11:13 AM)
Not in malaysia you cannot. But then again, if you have time, you can do down to SG. Their banks will happily accept your USD cash with service charge 1%.

Some convert RM > USD and buy american stocks.
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Bro,... you did not mention he will have to find a way to open an account first ! I heard that the 'closed-door policy' is almost complete now,... no more chances already into banks, unless you go for private banking or wealth banking ! Even this too,... might soon be closed,...
Hansel
post Apr 21 2017, 11:25 AM

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QUOTE(hutazi @ Apr 21 2017, 11:22 AM)
so if foreigner like us, we will need to either be employed in SG or find some other door in lah to get USD account?
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Yes, I'm afraid the banks will want to see an Employment Permit or Study Permit or PR Visa today !

Another way is to open from local via the Maybank route. Don't go down to SG,...
Hansel
post Apr 21 2017, 12:02 PM

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QUOTE(hutazi @ Apr 21 2017, 11:30 AM)
yeah. maybe later i will stop by maybank to ask them if can just open. i saw need USD1k to open. but dunno lah. maybe will ask other crap hai... i kinda hate my overseas bank with service charge and crap.  bangwall.gif
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Hopefully forummer Ramjade will reply here,... he is on top of this matter,...
Hansel
post Apr 21 2017, 03:23 PM

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QUOTE(Showtime747 @ Apr 21 2017, 12:56 PM)
Ramjade is too pre-occupied with his "opening a bank account in Sg" until every time a new question comes out, he is blinded with his own situation and requirement.

Contrary to what Ram said, of course you can open a foreign currency bank account in malaysia. You can send, receive, convert your forex with this account in malaysia

What Ramjade meant was you cannot deposit foreign cash notes into this account. He is a bit sore with this restriction as he compares to the local money changer rates vs the bank board rate  biggrin.gif

So, go ahead and open a USD account with maybank. And bring back your funds in USD from overseas. But just remember if you want to cash it out in malaysia bank, the only choice is convert the USD to RM. Along with that conversion, you get bad conversion rate. Also don't forget there is the usual bank charges for receiving and sending funds.

After bring back, if you keep it in USD, you can always resend it out overseas. Or transfer your US$ into your local trading platform and buy US shares.

Hope Ramjade didn't confuse you too much  biggrin.gif
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Hansel
post Apr 21 2017, 03:25 PM

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QUOTE(Ramjade @ Apr 21 2017, 12:11 PM)
It's still Singapore.  Out next door neighbour. It's not Australia or HK where you have no choice but to take flight down.
Avoid malaysian banks aa no MY banks accept USD. Not sure if thailand banks accept USD. No experience with thailand banks.
If you really want to deposit USD, SG/Indon banks let you bank in USD cash.

All SG banks charge you 1-1.5% for depositing USD cash. I believed that doors are still open. Just go to the top 3 and ask for trading account with multi currency account. Only ocbc does not have fall below fees. The rest have fall below fees.

Alternatively, you can open Maybank SG account from malaysia first (Maybank SG isavvy account). Account is in SG not owned by maybank MY. Then apply for maybank KE. Then apply for USD account. That's what I am going to do since account does not have fall below fees.
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Bro,... I don't think it's easy to open an account anymore. Before you are able to deposit in USD, you will have to open an account first ! How do you propose to do that easily ??
Hansel
post Apr 22 2017, 12:50 PM

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Yeah,... I can name Maybank Treasury as a live eg,... at least 100K needed for special rates from Treasury !

Don't know abt other banks,... but,.. today I seldom use banks to TT anymore even for large amts,.. so,.. unsure,...

In earlier days, when first started investing, must always approach the banks and persuade them for good exchange rates, got really tired of that ! ...today,... no more-lar,..

Bad rates, must follow their rules, must provide docuemnts too if they asked, so many bad effects,...
Hansel
post Apr 22 2017, 03:12 PM

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When a currency has strength, this is the net effect for her people :-

https://secure.fundsupermart.com/fsm/insura...5/?locale=en_us
Hansel
post Apr 27 2017, 11:18 AM

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I think wait a bit longer,... RM will strengthen more in the coming days,...
Hansel
post Apr 29 2017, 08:13 PM

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QUOTE(Showtime747 @ Apr 29 2017, 07:44 PM)
I think every malaysian loves his country. But not the administrators. The country and the administrators are 2 different entities

Why do you think the RM is at this state ? It didn't happen overnight. The value of RM deteriorated over the decades

If you are a patriot, think deeply who caused the RM worth so little after 60 years since independence....it didn't happen by chance. It is the result of bad administration of the economy
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In Msia, we just have lots of opportunitists,... even the top leader is alleged to be so. So,.. all the downlines would want a piece of the pie,... main aim is always to secure his/her own financial security first, cos nobody would take care of you !
Hansel
post May 1 2017, 03:56 PM

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QUOTE(TOMEI-R @ May 1 2017, 03:40 PM)
Thats already expected. You really think those Indon Chinamen are stupid to bring their money back. Those anti Chinese sentiments and racial riots should have taught them well long time ago. The same is going to happen here if the government allows more racial politicking.
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There were some risks earller to SG too when the indon govt wanted to 'pullback' the indon't moneyinto Indonesia. One of the PLCs effected was First REIT - which was thinking to shift the REIT back to the JSE.

Well,... with the 'good news' above, First REIT will most probably stay in SG from now on,....though some 'good' assets from the sponsor company will go to the other locally-registered REIT,... still First REIT will compete with the other REIT for quality assets.

It's okay to have some competition,...

SG continues to attract foreign investment,... good for us who have funds parked in SG.
Hansel
post May 1 2017, 06:56 PM

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QUOTE(TOMEI-R @ May 1 2017, 04:23 PM)
Bro.. Do u know about the treaty that is to be signed btw countries to effect transparency of funds going in and out between countries to kerb illegal inflows and outflows. Heard about it for quite some time but it seems like the Singapore government is dragging its feet on this.
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QUOTE(Ramjade @ May 1 2017, 04:28 PM)
Yes,... bros,.. I just looked at the last line by bro Ram,... that's the one : CRS : Common Reporting Standards. I've been asked to sign too,... must submit latest by today ! But Msia is NOT in the listing, so,... should not share the info with Msia too ! biggrin.gif

I'm going to wait and see if I'm pressed to sign,... but the forms needed us to declare our country-of-residence for taxation,... I've not looked through closely yet. Been busy,...

Manulife US REIT reporting tomorrow ! biggrin.gif
Hansel
post May 5 2017, 02:30 PM

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QUOTE(icemanfx @ May 5 2017, 01:06 PM)
With crec pulled the plug on bandar malaysia and impending payment to ipic, believe celebration is premature.
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This may weaken RM ! smile.gif biggrin.gif
Hansel
post May 5 2017, 02:47 PM

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QUOTE(Ramjade @ May 5 2017, 02:01 PM)
Not to mention US fed will increase interest in june sad.gif
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This will strengthen the RM vs the AUD and SGD ! smile.gif
Hansel
post May 5 2017, 02:49 PM

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Convert,... guys,... and do not regret after that,... convert and invest quickly ! Do not be fooled again that the RM will be strong always into the future !

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