Right, sorry. I was confused between fintech and money changers. Unfortunately, I do not know any method to withdraw USD papers physically to be used at the money changers. In comparison, when comparing Wise rate + fees vs bank, bank is cheaper than Wise. (10K USD for example in Wise, giving 44,660.80 [9,916.91 USD x 4.50350] but from bank rate is about 44,720.00 (10000 x 4.47210).

I realised BigPay can only transfer from RM and convert into other currencies. I need a method to transfer from other currencies into RM

This post has been edited by MystiqueLife: Sep 13 2022, 03:03 AM

Banks got 2 rate. Make sure you look at the correct rate (I think it's buy cause the bank is buying usd from you)

Try wallex

This post has been edited by Ramjade: Sep 13 2022, 03:26 AM

I tried registering account but it needs a SG number
What if I put an invalid phone number?

This post has been edited by MystiqueLife: Sep 13 2022, 03:34 AM

Based off this website. Maybank more expensive than wise
https://www.maybank2u.com.my/maybank2u/mala...orex_rates.page
4.43054 (Maybank) Vs 4.4660 (wise) RM300 difference.

This post has been edited by Ramjade: Sep 13 2022, 03:39 AM

Hmmm… so far HK and SG seems to be out of the equation, although I do heard good thingy about REITs in SG, but I heard their main aim is to increased the AUM, so even they do give good dividends initially, in long run, they will ask the investors to invest more money in.

UK I am not so sure currently

Bro,... may I backtrack a bit,... why would you want to bring your money back ? Invest them overseas,...

If you've invested early,.. and your holding prices are low enough, whatever EFRs they do moving fwd will be above your holding prices. Then you have a choice of wanting to average-up or not,... ie you will average-up IF you participate in the EFR. Otherwise you wouldn't be averaging-up.

And a GOOD REIT will always be able do dpu-accretive acquisitions. This is the most important thing.

Whatever number of units you hold then does not matter anymore even if you do NOT participate in the EFR. Your dpu collected will increase after the acquisition has been completed together with whatever EFR done.

I have said the above many times in a few forums,...

I must have miss it. Good sharing.

Sadly, i didn't invest early, so now I am wondering SG REITs still worth the investment or not

The boat is coming back,... wait for REIT prices to drop.

I've been telling people around me,... when times are good, can't invest much becos prices are high. The opportunity comes when times are bad,.. like today. But one must still be selective,.. not everything can be invested into. What that makes the difference are :-

1) do you have the money to invest with today ?

2) do you have the knowledge to select the right instruments to invest into today ? In our case now, do you have the right knowledge and experience to choose the right REIT/s to invest into after they dropped ?

Good luck ,bro,...

1) How much are we talking about? Like minimum amount?

2) Good question. I would not say I know very well or got the knowledge, i got the list of REITs that I am looking into. And I saw some advice here in SG REITs' thread, and you also pretty active there.

For me I will say ccoose wisely if you have limited cash. If you have unlimited cash can buy everything.

You want to buy dividend stocks or US stocks like Microsoft, visa, Adobe, Google, mad which are on discount now. For me reits not enough discount to buy yet. So I will choose my US companies.

After last night's experience and in the last few days,... I think there are more discounts coming up in all mkts. I am not queueing anymore.

Do not forget TSLA. TSLA AI Day is on Sep 30th,... But there is one more thing,... moving fwd, we will be in a high-interest rate environment. Techs did well in the last many years, basically since the last GFC in 2008/9, ie,.. ever since the Feds dropped the Fed Funds Rate. So, again moving fwd, will Techs still do well in this 'new environment' ?

I am asking a general question,... of course, chances will be better if that particular Tech's fundamentals are REALLY strong. But,... how abt all tech's in general ? I have some new thoughts here.

I agree. But I think discount can last around 6 months only.

Tesla have no debts if I am not mistaken and they got no marketing budget. Which is the beauty of it. Only effect is consumers may be less willing to buy new car.

If your product is good, you don't need marketing.

This post has been edited by Ramjade: Sep 22 2022, 03:18 PM

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

I am aiming to buy if it can hti 280. My cost is lower than that. Lol

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.

I aim to collect 100 and do options on it. So no issue. Most important is buy when it's on sale. Even though it can drop further.

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.

Yes. There's one risk I have to bear. If I lose the 100 share, I will sell puts on it (simple wheel stuff). I do t do canggih stuff.