Converting out is right,... but do it in stages,.. the RM is still strengthening,...

... Bro is a fiscal strategist now,...

Your words and analysis are very good, though,...

Don't worry,... give it a bit of time,... it will reach 4 soon. Want to change, change over slowly,... or you can wait until 3.5 to change....

Tomei,...

Yes,.. good point there,... ask those leaders who caused this slide, and made us want to go out of this country to further ourselves,...

That's the point above !

You live there and earn there, kind of balances up.

You live here and earn from there - this is the Best, and more so because Msia has no taxation against foreign investments.

You live here and earn here - inflation will be killing,...

Tq bro,... always very informative articles from you,.....

Let us all changeover first,... and wait for '5' to take place,...

Bro,... I think factored in already,... USD won't strengthen too much anymore from here on if NO OTHER catalysts appear (besides the June hike).

Chances for decrease WILL BE THERE though if Feds say pace of increase will be slower,... look at the pattern carefully !

It's okay,... not for the next few months,... but soon, it's inevitable,....

MYR is strengthening now because the Yuan suddenly gained strength this morning,... Steady people,... do not change over yet,...

For myself,... GE or no GE, I think it's still better to hold-on to foreign currencies, and have foreign accounts. Hence, going along with my planning, when the RM strengthens, that's the time to convert out.

Don't sit still anymore !

We are earning the RM every month, no harm in diversifying our currency holdings too.

Actually since the majority of our income is in the Ringgit, we should be happy. But after being happy, one must not just sit down and 'continue being happy only'. One must take the opportunity to convert out from the RM to the USD whenever possible, if one has need for the USD in future, or if one wishes to buy USD assets...

If one is comparing only with the USD, then there is happiness. But against all other currencies,... I really can't be too happy,... not everybody needs the USD. I would prefer that the RM strengthens against the majority of the currencies in the world, not only against the USD.

The fact of the matter is the USD is weakening against world currencies, not the RM strengthening against the world currencies.

He is really a contrarian, bro,...

Bro,... let the above remains, after all, some people have moved out so much of their assets overseas,....

Yeah,... have noticed this for a long time already, and I'm very glad you brought this up now. ... BNM is just there to adjust vs the USD, and ALL materials we read out there abt the RM 'strengthening' actually refers to the USDRM pair only,... Of course, if one needed the USD in future for cap appreciation purposes, then it's fine to use this metric.

But, if one needs to use another denomination, eg the AUD or SGD,.... then the RM is a very weak, bs currency.

By the way, has any ctry ever pegged its currency to any other currencies besides the USD,... yes, there is.... the Bruneian Dlr with the SGD.

The people who are raided by the MACC - they will always have foreign currency notes in their City house or in their kampung house,... This certainly signals where the strength of the RM is.

Bro,... I was asking abt any ctry pegging to any other currencies besides the USD,....

Yeah,... this could be one reason,... that's why those fellas up there are just concerned on everything and everytime,... towards the USD ONLY, and no other currencies. If we believe fully in what the press says abt the MYR strengthening, we are really doomed by all the lies.

I heard around me that it's worth taking a risk doing 'corruptive activities',... at least the family will be fine even if the man of the house goes to prison,... then the money 'earned' need to leave this country before the MACC raids the house. That's why SG MAS clamps down of funds 'coming in' from Msia,... and jails many banking execs that dealt with 1MXX earlier. Just what I heard,...

But 1MXX is contributing funds for haj pilgrims to fulfill their pilgrimage,... so as to 'balance out' the accusations earlier,... don't know if this will make things good.

Anyway,... to be right and proper, just send whatever we have to a proper bank overseas, earn in a proper way overseas, pay their taxes if necessary, and do the right and legal thing. Things should be fine, and our purchasing power would be maintained when the MYR weakens further.

Some of the elites around me mentioned that it's good for the MYR to be weak,... then, in this country,... everything can be 'kautimmed' with money. Whereas in a 'place like Singapore, want to do this cannot, want to do that cannot'... and can't even be 'kautimmed' with money,... hence, Msia is a better country,... this man who told me this is a successful aircond installation owner,...

Another lawyer friend told me that this is THE SYSTEM is in this country,... can't change it, must follow,...

Bro,... I said pay their taxes if necessary,... if you are not going in fully, then no need to declare and pay, they will deduct the withholding automatically,... if you do have a chance to go in and stay to invest,. then declare-lar,... but for Singapore, if you are investing as an Individual, then no need to declare at all,.... very simple,... but keep updating yourself with IRAS rules.