I sure vote for you. Honest fellow.

I wouldn’t listen to this mamak 🤦‍♀️ as he has no idea on monetary policy and just follow the orders

And they love use the word no crisis of confidence 🤦‍♀️ but when the fact it is because even Indonesia central bank admitted earlier today while months back they have raise rates to 6% to stem their currency depreciation while our joker mamak 🤦‍♀️ says nothing to see no action needed while falling

Smart move 👏 you will be happy by CNY in your gains

Talking abt the common man

Based on my experience, when the common man starts to FOMO, usually peak is close at hand. 🤔

Up and down recently but between 2015 to mid 2021 it increased

I meant transfer to another bank's savings account, then from there only convert to USD. Anyway, don't think its feasible due to the fees/interest

i think i ald mentioned here... pls dont fomo

actually i now starting to think... start convert some usd to myr


This post has been edited by dwRK: Oct 24 2023, 05:55 PM

that's the headache.... don't know to laugh or worry....

networth in ringgit is up nicely, but can see dare not touch. haha.
at least can pretend to be richer in myr terms.

ya... sell liao go higher regret... hahaha

but i feel the run a bit long n extended... maybe time for a breather soon...

Haha yeah. Those oversea stock will gain even if there is no price movement. I'm still updating it @ 3.2

No breather 🤦‍♀️ because there is no good catalyst news in Malaysia like budget surplus or OPR raise

It'll continue to go south. You need an intervention to prevent the run but there's nothing we are doing to stop it. Their approach is let's see how low it will go.

Their approach is basically TNA 🤦‍♀️ and just boost domestic economy

Capital control will be even worse if they implement it because in their mind cheaper RM is beneficial to those in power 🤦‍♀️ by giving scribbles

when the pain is unbearable... something will be done... dunno when but unlikely sustainable... we're not turkey yet so will probably zig zag down, not straight line...

yes rakyat problem... all want free money dun work for it... want gov to rob the hardworking for handouts...

any intervention is only temporary... is like gangrene, must amputate, not handiplus...

Bnm holding bank rate is not unexpected, mean RM devaluation is almost certain to persist.

Race to 5 by Xmas 🤦‍♀️ if Dec rate hike by Feds is coming in place

Don't think they will rate hike anymore this year. During war, rates usually are kept low from what I read. So although Fed rates are not low at the moment, they unlikely will raise it.

It is not a war by US in the 1st place 🤦‍♀️ Fed will hike if tomorrow jobs data if unemployment goes down and the upcoming Core CPI if it goes up 🤦‍♀️ so there is 2 more readings before next meeting which can turn tables and they will hike if necessary

Fed already said not hiking rate on Wednesday. Already guessed correctly the last 2 times, rates will not hike and have been right. December at this moment I don't think they will hike either but its a bit too early to tell right now

Whatever it is,... stay away from equities, REITs, and risky assets for now. Wait for more clarity.

Go with sovereign fixed income instruments first, no matter how low the returns are.

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

He did not use the word : 'data-dependant' anymore, right ?