UUU people become DDD people already. I am one of them

No...I was the one who recorded his prediction. His last replies in LYN is because of his wrong prediction of RM reaching 4.80

https://forum.lowyat.net/topic/4161935/+20?hl=dreamer101 (Post #34)

Who is the other naysayer ? Is it in this thread or kopitiam ?

Agreed. Good strategy

But majority in Malaysia is struggling with house loan and car loan. Some credit card loans. Where to find extra RM to convert ?

So, they can only hope RM to stay strong, until they have the ability to invest in foreign currency investment. "RM depreciates" is a very painful and helpless terms to these people

My above post kena reported

icemanfx I just wanted to seek your views on the current appreciation of RM. Don’t need to report here and there. It is good to have alternative view. Do please comment for the benefit of all....

BNM failed to meet target. Now PM has to run the last lap himself

I am sure the moderator is ok with politics closely related to financial comments.

Otherwise, the thread is not meaningful anymore

Just don't go overboard like bashing of Najib

Personally I think it is natural for Dr M and LGE to reveal the dirt. That is politics. To establish a base case of how bad the previous administration has done to the country's economy

With the frame of mind presented to the voters, then they can claim credit how good they are compared to their predecessor.

The market may take a jerk in the short term. But with a well known transparent nothing to hide impression, the market will give them a lot of credit with what they say in the future.

So I think in the long term, it is beneficial to the economy and RM strength

I notice rates are not reliable during weekends.

If I remember correctly, the pair were on parity for a short time 2-3 weeks ago. Then AUD pulled away again. There were a few occasions they were on parity for the last 5 years

AUD has risen a lot since yesterday. Now AUD/SGD 1.02159

In RM terms, AUD is 3.03669, SGD is 2.97309 now.

How come the newspaper didn't report ? Or I didn't notice ? Got link bro ?

Now Umno claims it's party's donation received. What good is that if it is in forex ?

Any breakdown of the RM100m+ in terms of forex ? Could USD and GBP be more than SGD ?

Fair assumption

But I would rather think SGD in the millions is because of it’s close proximity to KL for ease of shopping

USD would be a good reserve currency. There goes those yatch painting hotels and properties

Never been opened, how to close ?

NVM, those already have Sg Trading platform can enjoy the exclusivity

Logic is for the masses. Masses are average

To be above average, one needs to take risk. To be the most successful, he has to do something very different from the masses

There is no free lunch in this world. If everyone waits for a clear sky to invest, it means lesser risk, hence lesser return....

Not wrong to be risk averse though....depends on one's requirement. But don't expect to be very successful if one is risk averse

What differentiate an average and a good investors is one is a follower, and the other has "vision", "sixth sense" or "眼光“

Can elaborate ?

Inb4 you will bring up only 3% adults in Malaysia has $100k or more

Nice to see you back !

Prices in SGX and ASX did drop quite a bit....

I think it could go lower....until the President stop turning the world upside down

You may be over-interpreting

Everybody knows they have the cash pile. They can buy up huge companies in the world. So, they will negotiate directly with the owner for the best price.. Of course they must say something in favour of themselves when negotiating. With that sort of cash, they cannot just walk into the market and put in their order queue...so, it is PR and strategy to make such statements. Don't over-read.

Their strategy and your strategy is very different lah....If you want to imitate them, then even with that sort of cash pile, they still have debt for their business. Their interest expense is $5 billion. Do you have interest expense like them ?

Like bro hensel said, for small fries like us, sitting on cash without return has opportunity cost. If you factor in inflation, you are on negative return some more.

This post has been edited by Showtime747: Sep 13 2018, 04:21 PM

No I disagree. During market crisis, everybody will be panic. When a stock drop from $30 to $15, will you buy ? Wow ! its 50% off ! But no you won't, because everybody is panic, so are you. All your friends start talking about horror story. A lot of rumours will be circulating. You have no direction.

If you console yourself that you can collect dividend, Shit....dividend yield announced also dropped substantially !

After 2 months, the stock continue to drop to $8, and by this time, you will be too scared to buy anything. You will just wait and do nothing.

Then eventually the stock recover back to $10, then $12 very quickly. Then all your thought is "shit, I missed the bounce....".

Then goes up further to $15. You say "ok ok faster faster....its time to buy....market now calm and can see lights at the end of tunnel liao....all the problem in the world solved liao...."

After you bought, it was just a dead cat bounce. Another market news bombshell dropped ! The price dropped to $5....Then this time you really panic because you are in the market. You fast fast cut loss thinking "get back something better than losing all...."

A typical stock market story.....I have seen many friends and colleague who talk like investment guru during bull run. Including the "cash is king" theory like yours. Then when market crash, everybody suffered. Nobody is spared.

In theory, everything works. But when crisis really come, things and psychology is very different.

You will have to experience crisis once or twice, then only you will learn. For now, you definitely still feel confident --> "the above won't happen to me one....I am not the ordinary investors. I am not greedy. If this this this happen, then I do this this this. If that that that happen, then I do that that that....I have plan A, plan B and plan C, so this should work..."

Good luck bro !

When you lose money one day, you will regret why you don't stay with Amanah saham.....

And that "one day" will come.....

Details still not out yet.

If you are a Malaysian tax resident, you may still need to declare assets and transactions in overseas.

Just like Australian tax resident need to declare overseas income

So too early to tell. I hope you are right though....

“Using sibling’s name” will not be workable if Malaysia introduces inheritance tax.

Like UK, inheritance tax is combo with gift tax. So if Malaysia has inheritance tax, it should have gift tax also. Hence, “using siblings’ name” cannot escape the tax. A big chunk will be taxed when the wealth is passed to another people whether you are still alive or dead