That's why I preferred to invest out of this country, bro,... just can't handle the 'double-standard thinking' that I have to adopt in this country,... at least can't take it 24 hours of the day,...

Yeah,... make money and send the children out to other opportunities in the rest of the world,... they may or may not do well, but at least, give them a chance. Encourage them to succeed overseas, help them wherever possible,... earn a good and proper currency besides the weak MYR. They can come back for holidays if they wished to,...but not build their careers here in Malaysia.

Malaysia has turned into a bad country,... unfortunately...we, as the earlier generations have no choice because we have our foundations here, but try to help our younger ones get a chance to earn a stronger currency outside. There is no perfect country,... there are different sets of problems everywhere,... but I know our MYR is a lousy and doomed currency,...

Problem is,....... the world is beginning to close its doors, and the rate is speeding up after President Trump came into the picture. So,... if want to invest outside, better open accounts earlier, start to learn earlier,... invest earlier,... and if wishes to send the children out, send them out earlier,...

Emm,... I noticed that even staff of local authorities today say it's important that one takes care of himself,... they say even the ministers and the 'first official' do the same, so,... trend is all must grab opportunities. The earlier days of the role of governments creating opportunities for the people is gone,... It's just that no one is allowed to talk about this openly,...

Err,... taxes-wise,... if you invest in foreign countries, you mist also pay the appropriate taxes,...

One reason for the weak MYR : http://www.finews.asia/index.php?option=co...er-12-july-2017

Bro,... we don't really know their ulterior motives and objectives,... they may actually want the MYR to be weak, so that they can keep controlling the people in this country, and it will not be easy for us to travel and to get educated. They themselves hold lots of foreign currencies overseas, hence their positions are already hedged.

Like what some 'elites' in this country told me,... this is a good country for the rich, because money can 'kautim' everything,... hence, with a weak country and people who 'remain as slaves' to them, they will continue to wield power in this country,...

Who would want to lose such power ??

One main reason why the RM keeps weakening against the other currencies in the world...

Don't be misled by the Malaysian media saying that the RM is strengthening. What the media is saying is the RM is strengthening vs the USD ONLY - that's all ! The RM continues
to weaken against the other currencies of the world.


July 12, 2017

Yeo Jiawei, a former banker serving the longest jail term in Singapore’s probes linked to 1Malaysia Development Bhd., admitted to money laundering.

Yeo, who also pleaded guilty Wednesday to cheating his former employer, was handed a 30-month term in December on charges of trying to tamper with witnesses in the probe.

The former BSI SA wealth planner’s admission of guilt comes after the Monetary Authority of Singapore wrapped up a two-year probe into fund flows related to the Malaysian investment fund. Prosecutors identified Yeo as a central figure linked to Malaysian financier Low Taek Jho, who was characterized by U.S. investigators as the controller of a plan to drain billions from 1MDB.

The Malaysian fund, at the heart of several money laundering and corruption probes across the globe, has consistently denied any wrongdoing. Low has previously described his role with 1MDB as informal consulting that didn’t break any laws.

Yeo had referred to Low as “boss” and spent at least one night at his house, according to earlier court proceedings. Yeo said it was a misunderstanding that he worked for Low.

Singapore has imposed a total of S$29.1 million ($21 million) in penalties on eight banks as part of its 1MDB probes. Credit Suisse Group AG and United Overseas Bank Ltd. were among the firms that paid penalties, while BSI and Falcon Private Bank Ltd. were also ordered to shut their local operations. Five people, including Yeo, have been convicted in Singapore, the only country so far to have criminally charged bankers.

Tq bro,... but I don't have Thai Baht,....

Looks like the moment the RM starts to strengthen against the other major currencies, we have to set a target and aim to convert over already,... We must not wait anymore,.... this is another big lesson learnt this time.

I think there will be another chance,... just don't know how soon it will be !

Thank God I exchanged out a big percentage of my PNB Fixed Price Funds since end-2015,.... AND MANAGED TO INVEST THOSE FUNDS SUCCESSFULLY IN THE asx AND sgx. Today I'm EARNING SGD and AUD to fund my family staying in Australia,... otherwise, if needing to convert like this always,.. very expensive.

Added : Thanks to the 'great scare' back in 2015 saying that the Fixed Price Funds MAY change into Variable Price Funds in 2016,... this prompted me to take big actions to evaluate my investments in PNB. That was when I took out my passbooks to see how much I have,... I never looked at my passbooks for many years.

So,... things always happened for a reason,... karma or God's Will,... or whatever, but a scare turned into a great outcome,... for me,.. Appreciated the discussions here in this Lowyat forum,....

This post has been edited by Hansel: Jul 26 2017, 01:49 PM

Bro,... go find a way to invest this AUD and NZD to earn more of such currencies... don't change back into the MYR,... just chg back whatever you need to use only,...

Not really,... but I do a lot of reading and talking here and there,... I still want to work,... if don't work, the body will get sick,....

Added: Err bro,... no country is perfectly safe and perfectly secure,... one needs to adapt, to have $$$ and to be 'smarter' than 70% of the general population. Living in Malaysia also demands such qualities. The qualities required are different in different countries.

This post has been edited by Hansel: Jul 26 2017, 01:57 PM

The concept of flooring must be supported by fundamentals. I don't see any positive fundamentals for the MYR in the near future,... The other thing is,... if you are working in Msia, you will be earning the MYR continuously,... so,... it's better to diversify out your currency holdings,....

Then it depends on your long term plans,... if it's me,.. I'll buy one house in MY, one house in SG and one house at another place,... this becomes more complicated,.. you have to think what you wanted in life,... BUT,..............

Hmm,... I will still continue to earn the stronger currencies, just convert back enough to pay cash for a house, but don't buy investment props and investment assets in MY.

Err,... caveat is if you have an unfair advantage,... then YES, you can 'makan' the Malaysians' money,... hard to explain like this,... Err,... it's like this : I was told by a minister's son once that his father can earn more money in Malaysia than if his father needs to work outside of Malaysia,... this is what we called an unfair advantage,... so,... it's not all bad in MY,... it' just that you needed certain exceptional qualities.

But yeah,... if you are talking about earning more money in a normal working way, or using regulated investment instruments, then it's better outside, generally,...

OK, bro,... to yr first para,... had to talk here,... too wide a topic, and highly an individualised matter,... to cut it short,...just send the kids out, they can adapt better and faster.

To yr second para,... I don't understand yr question : do you mean to say if there are better investments than the ASX and SGX locally in Msia ? Or in AU and in SG ?

Definitely,... but you can only take yr funds at a very late stage,... if you can get better returns from outside, then it's not that good anymore,...

Hmm,... don't want to watch/monitor ?..... something like the PNB Fixed Priced funds,... I don't know of any besides FDs and TDs in Australia,... but today,... the FDs and TDs are too low in returns,....

Those holding more foreign currencies now can count their blessings, and can weave a sigh of relief for making this decision many years ago,... the time has come,....

The writings above are indeed scary,....

BUT, somehow,... things will soon be quiet again and events go back to being normal again,... yeah, perhaps the RM will fall further, but that's normal, right ??

Strong comments against our ctry and us,.... 'thick skin' ??

http://www.finews.asia/services/web-s-best...-02-august-2017

Bro,....

But there was an emotional write-up earlier from another topic,... and I find this write-up,.. quite, well,.. true too,...however, can I have your comments please ? If the below is true, then many people are indeed caught in a dead-end situation in this country,....

Write-up as below by another forummer, bro,.. would appreciate your comments,...



When you have your job, your family, your kids, and eventually your parents that need your care. That's the time you realize. What your concept telling only applicable to those who are young, and do not have any high commitment yet.

Everyone have their own portfolio in saving or even go to investment. You cant say those who not agree to you is entirely wrong. Or those who agree with you are your allies.

Every family have different condition.

As long a we have our own portfolio that can give us a good future. That's it. Y'all cant force people going to this and that. Y'all cant change people is doing the correct thing. Yes, one may save less than you, less wealth than you, as long as they happy, and doing thing all right. What's the problem?

Not everyone want to become the slave of the money.

I rather the money work for me according to my wish.

I have that amount, I save that, from small perhaps in 10 years only able to buy some good stocks. Buying stock now is impossible for me.

I have my work, my study, my ptptn to pay off, my parents etc etc. Thus, I save bit by bit using my own instrument.

Sometimes I need vacation, I go, I need some good food for my parents I buy, I need to have my favourite gadget, I buy once in a blue moon, my car serve me well, that also I service accordingly. Why the hell I need to be the slave of money?

ASx and FSM is now my favourite. Why because this is the only I can save bit by bit. And at the same time open up radar on prop.

When come to investment, no one is wrong and no one is entirely correct.

Those in which initially rich and have a decent jobs for years, yes you can but this and that.

Why not you turn your perception on a middle income family, that have people to feed?

Hell no way you ask that person to quit his job and become plumber or barber in AU. That's a very high risk gambling. For me if that person have their own prop, car, FD. For me its good. And let their kid to have good edu in overseas, that's good.

And come to comparing, eliminate the jumpstart heaven package, people living in urban and living in outskirt have hell lot of different.

A friend of mine, a gov school teacher, she herself is a good saver and previously working in small district in Pahang, for 6 years. Save like mad, but having small vacation in MY thrice a year. Eat well, all well. Transfer to big city in KV can buy a 2 storey house and a myvi. So that's a bad saving huh? If she go stock market sure become Jack Ma? No, because she has no knowledge and people to teach her. Ands even yes, she may can go wrong, all saving become what? Dust? You can say she isn't good enough why no do homework etcetc. Now you have to know diff job have diff work load.
Teacher nowadays not easy also. 6 am to 4 pm. Go back home need do paperwork. Hold a few position in school. Then weekend need go school tuition. Prepare paper work. If I am she, I rather have my free time to relax. Hell no read index and news.

But those big bosses earn big money without doing anything, they deserve a slap then.

Its all down to your perception. You rich you lucky. If no rich, start from bottom slow and steady. From local derivative to foreign exposure. That's it. why so hurry and becoming slave to currency?

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