Forex trading is very risky (buy low sell high and make money trading it). So it depends on individual risk appetite. I am not into forex trading itself, but investment denominated in forex, like foreign market shares, bank instruments, property...

USD FD pays peanut, could be negative return at the end of the day.

To me, those who still don't go into investment in foreign market should start ASAP. 100% in Malaysia in RM terms is not a good balanced portfolio.

Should diversify the risk. To me, 20%-50% of total portfolio should be in forex denominated investment (if the intention is staying long term in Malaysia)

It is a long term portfolio re-balancing. Maybe all income from now on should be converted and invested into forex investment to achieve that %. So, in 10 years time, there is a sizeable forex investment as part of the total portfolio.

Look at it like a company's share price. Share price depends on the financial management and performance of the people running the show.

The market is very objective + ruthless. When there is future in the company, everybody chases the price up. When there is bleak future/leakages/mismanagement in the company, everybody ditches the shares.

For the past 2 years, seems like the market is seeing the current managers were mismanaging the company. Hence the share price dropped by 1/3.

However, managers are not permanent. They can be sacked by the stakeholders. When a new manager comes in, then that may be the reason the down trend of the share price to be reversed

Yes I agree there will not be a new manager for the next AGM. I would even say the current managers will survive comfortably for the next 4-5 AGMs

Because the company has preferential shareholders whose votes have more weight than other ordinary shareholders. And the board of directors will further give even more weight to these preference shares by changing the M&A. The audit committee, accountants, company secretary, panel lawyers, security guards, etc are more than willing to follow orders

The change of manager may only happen after another generation (20-25 years or 4-5 AGMs). Because the current special shareholders are staunch supporters of the current board of directors. Only after these old special shareholders are gone, then there may be a chance for new manager to come in

My opinion is that the current high share price is artificial because the AGM is approaching. This artificial intervention is not what the market perceived. So, in short term, the share price will be goreng on an uptrend. After the AGM, irrespective of how the shareholders vote, it will be back to market forces and the market will critically judge the managers' performance again

Not difficult to find the answer.

If 3 months after AGM, share price still goes up, then the market agrees that the managers are doing a good job

If 3 months after AGM, share price goes down, then it proves that the current strength is artificially goreng by the manager

My source told me maximum share price is 3.80 before AGM. Because of goreng, not instrinsic value. That is the target given to the finance manager before AGM. So, anywhere around 3.90 now is a very good price. After AGM if the shareholders voted 2/3 of their directors into the board, it will retreat back to just below 4.00. In the event that no 2/3, then share price will drop back to >4.00 like before. Back to square 1.

I tend to believe my source. Good opportunity for the next few weeks. Let’s see if he is correct.

Bro, there are some here who hate to read this thread because they are not in the position to transfer any money out of malaysia into forex investment.

Just like those who did not buy property when it was RM200k, and the property market pulled away and reached RM500k. So, they hope for market crash..

The "missing the boat" feeling....you are high and dry when you bought SGD at 2.4 onwards, so you don't understand how they feel one...

Bro, are you the one who has a business contact in Sg to exchange RM from you ? That would be the best rate you can get. Hope MoneyMatch can accelerate their service for user-to-user so we can get middle spot rate

Don't say small potato. Everything is relative. When we make RM3k per month, RM300 is big potato. If we compare to those billionaires in US$ term, we are all small potato

You where got small potato...anyone who has the privilege to invest is moving in the right direction.

Compare to those who still struggle with debt and hope for market crash only can afford to invest, we are all very lucky

Oh yeah....age is catching up on me

Timing the market is strategy for trading only. For long term investment, better off buying along the way averaging up or down. Nobody is going to buy at the lowest point and sell at the highest. Investment is a long term game. There are always opportunities to buy again in the future

Property as in own house for staying or investment ?

If own house, buy what you can afford, and what you like, at anytime when you are ready

If investment, it is unlike stock market which you can buy in tranches. So, a lot more homework and patient is needed.

I agree with you over long term, property is safer in general. Good for those who don’t feel comfortable with stocks and other investment.

Yes. Election coming, the monkey behind the curtain is pulling the string

My source told me the RM will hover around 3.80 to below 4.00 after election. Because government will remain and possibly returned with 2/3. So there is not much difference. Actually change now is to your advantage

As usual, do your own due diligence and decide....

I replied to you last night, but moderator cherroy ? deleted my post probably because I wrote some offensive words describing "those people"

The BNM MPC meeting will on 25/1, 7/3, 10/5, 11/7, 5/9 and 8/11

If there is a rate increase, it will be on those dates.

If the targets set are not met, most probably on 25/1 or 7/3 interest rates will increase, as told by my source....

Bro, you forgot we had much better rates just a few years ago....against all other currencies also...

RM has done very poorly over the past 2-3 years. Used to be USD 3.00, SGD2.40, AUD2.80, RMB0.50, HKD0.40.....

I am not appreciating the level we have now

That's why my source told me if target not achieved (~3.80), and interest increase in January, then --> election in March (in 2 months time, the effect is digested)

If target not achieved + interest rate not increased in January but March, then --> election in May

If target achieved, interest rate won't increase

Let's see if he is right or wrong...including his theory of interest rate increase as a sign of election date

I think it depends on the AGM result. If got 2/3, most probably will be 3.80 to <4.00

If no 2/3, then back to >4.00

After AGM no need stage show anymore...

The current managers sure win one

This post has been edited by Showtime747: Jan 17 2018, 07:00 PM

Let's be realistic. 2/3 is probable.



Market does not like uncertainty. In the unlikely event they fall, all hell breaks loose. RM will nose dive, so is the KLCI. MGS yield will sky rocket, pushing interest rate hundreds of basis points higher.

Society will be in chaos.

if you think it over, it is not a good thing for rich people over short term.

Yes, he is spot on so far. Let's see if election will be in March, then he is 100% correct

This is not the first time. The 1MDB stuff was also spot on. At the height of it, he said it has been solved and true enough nothing else happened and died down eventually

It is time to convert to forex now. Don't be greedy and wait for 3.80 (the target). Anything can happen from now on. Even if it reaches 3.800, it is only 2.5% difference. 4 months of dividend already cover that

I have started my first trench today

For investment in share market, bonds, property, bank products. I have never bought forex for exchange rate movement. Just personal preference

Unker Dreamer predicted ~4.80, but didn't happen. He cannot take his wrong prediction and has since disappeared from LYN

The ship is sinking !!

Dreamer

But writing style is different. Unker is much more snobbish