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 USD/MYR v5

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xander2k8
post Nov 17 2023, 05:02 PM

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QUOTE(boyboycute @ Nov 17 2023, 02:49 PM)
As long our Taikor dare not increase interest rate, Ringgit will continue its downtrend against USD. It's better for companies doing export. Revenue in USD while wages in Ringgit. Meanwhile, Rakyat will continue to suffer due to higher cost of living.

My guess is because our household and companies are heavily indebted, our Taikor kena pressure to keep interest rate lower for longer. He needs to keep the country financial well to borrow more cheaply.

Kesian those who have pension and retirement fund EPF. Their savings value got incinerated. But nothing to worry. Not many common people will understand what hit them. They will only bising when mortgage payment increase on monthly basis. U must understand that most have short term thinking
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Well said πŸ‘ when many still thinks that EPF is god send πŸ€¦β€β™€οΈ while depreciating RM still on trend till they once retire for good πŸ€¦β€β™€οΈ but by then too late

Cash is still king but in USD πŸ˜‚
xander2k8
post Nov 18 2023, 11:58 PM

Look at all my stars!!
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4,676 posts

Joined: Jan 2003

QUOTE(dwRK @ Nov 18 2023, 08:51 AM)
had you bought usd right after unpeg... you'd be cursing it for 10 years... lol...

my preferred way to overcome depreciating rm... is to have lots of it  rclxm9.gif
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Even if you bought after unpeg πŸ€¦β€β™€οΈ it is still good gain at todays value

QUOTE(boyboycute @ Nov 18 2023, 04:38 PM)
Very hard to blame common people to think EPF is the best vehicle. There's no alternative (TINA) to save for retirement. Volatility & liquidity is the issue when saving for retirement. No other vehicles can compete with EPF
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Locally yes it is TINA πŸ€¦β€β™€οΈ but when you venture outside like investing abroad you have choices then

The problem is that the common people doesn’t have the know how and knowledge while easily being brainwashed by certain parties

Good example is buying UT especially PBUT

 

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