If you're right in the above-bolded,... then TSLA will definitely bounce back,... I hold quite some TSLA's too,....

It might drop lower than your cost ! Way too low for it to recover back to your cost price. You might need to wait for years for it to climb back up, with no dividends to collect in the meantime.

Then you are always subjected to Options risk. You may end-up losing your 100 shares if the mkt really moves against you. Then you will have no instruments to sell put options on anymore.

Sell puts on what ? You don't have the 100 shares anymore,...

This premium you collected earlier will not allow you to accumulate the 100 shares fast enough for you to do another put options. Unless you go foe cheaper ctrs. And cheaper ctrs won't earn your enough premiums.

A few rounds of 'losses' will void you of all your 100-share sets to earn premiums with.

I was wondering, is it too late to change my MYR to USD now and keep for a year? I have some extra capital from my FD

Where do most of you store your money now since RM is so weak?

I was thinking of moving some to SG or hold in IBKR.

Is there any limit for how much we can hold in IBKR?

How to know which IBKR I choose?
I just opened IBKR, where i choose US market.

Wanna to hv some advise, I plan to move my capital RM to usd in long term, should I move to ibkr or multicurrency account which provided by many of the malaysia banks, ibkr with the interest 4.8% while local bank can give up to 5.8% per annum with 12 months term fd. I know ibkr without lock in, other than this what others benefit to move to ibkr, assuming my major objective is keep in usd few years with high interest rate. Thanks.

In order to get IBKR 4.8%, you need to have $100k minimum cash balance. Which local bank has 5.8%? I am also thinking to open an MCA now, don't know to go with which bank. But now really painful...at RM 4.8. Last time I have moved some money to IBKR when it was RM 4.1.
I thought we are net importer? I am not too sure.

Actually will depend on your relationship with the bank. If u have one of those private bank accounts you can get spot rates or very close to spot.

My job pay me in USD, I have my saving in oversea where the bank only give 5.1% for 12 months term deposit, but in Malaysia I can get 5.7% per annum (my mistake on my previous message on 5.8%), so far I see Malaysia has the highest interest rate, if anyone come across any higher then 5.7% please share. I don't convert from MYR, swift transfer cost me 15-25 USD per transaction, my purpose is solely saving, don't plan to invest. Why Malaysia FD can give so high interest, not even UK, US, or any western countries can be this rate, any risk will be anticipate? Correct me if I'm wrong. Thanks

don't panic. no crisis. see:

https://www.thesundaily.my/business/no-cris...rnor-LD11658377

Anyone of you guys stayed up at 2.30 am this morning to see the Press Conf by Mr Powell ?

I have a lot of time to spare,... no problem if I stay up late or overnight, and sleep the whole day for the next two days or more if I wished to... not under employment, not under client pressure to work, not under pressure to open stores/retail shops, not under any pressure to conduct or attend mtgs, not under any disciplinary-routines. Time is at my luxury.


But that's my lifestyle. Think I'll bold the above.

I think it's important to watch live. Bloomberg will display a graph at the side of Mr Powell's capture as the press conf runs ! This is paramount to understanding the mkt...

should we be prepared if suddenly MYR kena pegged? looking back, USD dropped 9.523%, or our RM strengthened 10.526%

While I'm not Pro-China/Russia, I'm just curious what makes you think it's worse than following the dollar?

Ha! You also know about Tom Nash

Today I want to change my ringgit (BIG AMOUNT) to SGD then move to IBKR. I look at the rates, I am SO ANGRY!

To make matter worse, all the bankers I talk to say they don't know if ringgit will continue to poop.

Considering US either maintains the rate longer than expected or might even raise one more time, our govt still think they can do option 2... Dedollarize... Come on man. This is a joke.

So painful to convert. In 3 months time our ringgit depreciated almost 3% vs SGD USD and last 5 years over 12%... and to make matter worse no one from the BNM side can tell us what's the fair rate we should have vs USD. With the middle east situation, I fear our ringgit will poop more.

Need to start moving out the ringgits but so painful to do so.... even Vietnam dong strengthened so much against us... Joke!

Thanks for advice. My amount is too big to use Fintech. So if I do transfer out it will be via hsbc, around 1% difference from online rate. Using HSBC also minimizes the risk of audit. Touchwood.

What people don't realize is that we are slowly getting used to weak ringgit. Used to be 1 to 3 max 3.3 for sgd many years back. Then people get used to it. Soon I fear 3.5 is the norm and like you say 4.x not too unrealistic.