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 USD/MYR v5

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Avangelice
post Dec 7 2016, 04:34 PM

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here's to a fruitful year ahead.
Avangelice
post Dec 7 2016, 07:53 PM

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QUOTE(TOMEI-R @ Dec 7 2016, 07:31 PM)
Climb up you mean?  tongue.gif

Most money changers were out of stock for USD today because of the slight recovery. Too many people waiting to change or money changers are keeping because they expect the currency to dip lower? whistling.gif
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very curious of how those people actually make money out of constant conversion of hard cash through money exchangers.

Do they know by converting two times, part of their money goes into the money exchangers?
Avangelice
post Dec 7 2016, 08:07 PM

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QUOTE(TOMEI-R @ Dec 7 2016, 08:02 PM)
A lot of people going overseas for holidays, so maybe they need the cash. tongue.gif

You get what I mean...
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now that defeats the purpose of converting hard currency to take advantage of the fluctuation now wouldn't it.
Avangelice
post Dec 8 2016, 08:48 AM

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QUOTE(prophetjul @ Dec 8 2016, 08:41 AM)
i know i asked this before...........

while those who invested outside heavily can pat theirselves on the back and be smug.....think of the rest who have not.

HOW much do you hedge your net worth in foreign assets  IF you are NOT MIGRATING?
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buy foreign stocks?
Avangelice
post Dec 8 2016, 09:03 AM

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QUOTE(wil-i-am @ Dec 8 2016, 08:49 AM)
Jomo: Loss of confidence in government a key dampener of ringgit performance
http://www.theedgemarkets.com/my/article/j...git-performance

The writing is on the wall
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exactly why I withdrawn all my investments in Malaysia. only way I can invest in this country is via stocks in companies headed by royalty.

QUOTE(prophetjul @ Dec 8 2016, 08:49 AM)
Any assets class: Stocks, properties, businesses, etc
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Yeap. way better than converting cash and keeping it under the pillow or safety box.
Avangelice
post Dec 10 2016, 09:08 AM

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QUOTE(lowya @ Dec 10 2016, 12:56 AM)
after reading so much here, i still dont have any concrete plan what to convert into..  icon_question.gif
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funny when I head people convert but what happens to that foreign currency AFTER conversion?
Avangelice
post Dec 11 2016, 01:05 PM

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QUOTE(nexona88 @ Dec 11 2016, 01:00 PM)
Its bad news for Malaysian consumers..
Price of retail fuel will go up confirm doh.gif
Which also have related effect on others stuff mad.gif
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only in Malaysia where petrol price goes down, we are paying more taxes and removal of subsidies because the country is running out of money. when petrol price comes up, we are charged more with the same reasons.

kinda shows how our government is fucking up their management of the country
Avangelice
post Dec 13 2016, 09:12 AM

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QUOTE(prophetjul @ Dec 13 2016, 09:09 AM)
We are in transition from subsidies. that's what subsidies do to a country....beggaring.

Plus of course our management style is reactive. Spend first , worry later.  Let the future gens take care of the father's sins
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and though I fear you may be right but I am happy there's a few here who knows how to invest in their monies.
Avangelice
post Dec 13 2016, 09:19 AM

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QUOTE(wil-i-am @ Dec 13 2016, 09:16 AM)
I know a lot of Ppl subscribe to YOLO concept, wat say u  hmm.gif
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and there's some who let greed get in the way of investing. makes them no different from the Genting group lol

not the company but the customers who go Genting to YOLO. hahahah
Avangelice
post Dec 14 2016, 11:49 PM

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QUOTE(nexona88 @ Dec 14 2016, 10:36 PM)
Malaysian ringgit likely to continue depreciating until end-2017, says Scotiabank
http://www.econotimes.com/Malaysian-ringgi...otiabank-449265
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there goes my Italy trip. fml.
Avangelice
post Dec 18 2016, 10:26 AM

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QUOTE(AVFAN @ Dec 18 2016, 09:18 AM)
if u hv nothing to share, pls don't post at all.
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QUOTE(Hansel @ Dec 18 2016, 10:15 AM)
Bro,... for myself, I think it's great that AV can furnish us news. He put in great effort to find and post. I wouldn't ask more of him if he is not ready to comment. The great thing abt this thread is we all scour and post what we find from the net.  :thumbsup:
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wow didn't realize there's an douche bag in every thread. I feel you AV as I always post stuff on the fsm group and there's one guy who never gives anything in the conversation and will pop up for no where and start complaining. keep up the good job AV news articles help a lot when making a decision on what to invest and where to invest
Avangelice
post Dec 19 2016, 11:06 PM

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QUOTE(AVFAN @ Dec 19 2016, 11:00 PM)
i'm afraid there is no good answer to yr question.

common public = ?

this topic started 2 years ago:
https://forum.lowyat.net/topic/4140626

if u read enough, u will find diff people did diff things.

if new, do check the various threads in this section - fd, fsm, gold, reits, unit trusts, dci, foreign equities.
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gold really bleeding atm and our rate is way to low for fd returns. I think they should start pushing up the rates soon. them as in BNM
Avangelice
post Dec 20 2016, 09:16 AM

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QUOTE(TOMEI-R @ Dec 20 2016, 09:05 AM)
I agree with that. Thats the only few positive ways to prevent so much outflow of the RM. However, I agree that local consumption will suffer too. Markets are already slow now. sweat.gif
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ironically the ones who are saving for the hard days to come and investing the said monies are the ones stressing out over the economy. those buying the latest iPhones and filling the shopping mall's seem to be happier.

oblivious or just plain ignorant?
Avangelice
post Dec 20 2016, 09:30 AM

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QUOTE(AVFAN @ Dec 20 2016, 09:26 AM)
gold only dropped just recently due to trump-$ rally.
if one bought gold 2 years ago or so just when the rm started to slide, there is still good gain in rm today... >20% over 2 years, i think.

fd... this one is just near zero risk, good for "boring times", not useful when the currency dives. biggrin.gif

bnm was poised to CUT rates to boost gdp growth when the trump win derailed it.
if they hike rates now, that will be a further slash on gdp growth, so i doubt it.
in the last decade or more, bnm/gomen has been pushing gdp growth primarily, a lot with debt/consumption.
every bnm report comes with something like, "growth is robust due to strong consumer consumption" - as debt levels grow.

there appears to be no major concern for the rm yet; we are still hearing the big fellas saying,"not too bad, don't panic, will bounce back".
so, i think current situation will continue - bnm intervention, letting it slide if need be.
given current variables, the impact of oil on the rm is very much diminished as a marginal net crude oil exporter.

on the contrary, higher petrol prices will fuel inflation even faster, adding more pressure to the rm.
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end of 2016 is really a shit time for malaysia.

expected Hilary to win but trump came.
Capital outflow from foreign investors.
1MDB
OPEC cuts
Oil price increase
Pseudo capital control by BNM
dropping the rate at the wrong time.

mistakes upon mistakes.
Avangelice
post Dec 20 2016, 12:25 PM

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QUOTE(prophetjul @ Dec 20 2016, 12:21 PM)
Gold dropped in USD terms.

If you had your RInggit in gold, you would be a happy chappie
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so you are saying it's better to start buying gold in myr terms now?
Avangelice
post Dec 20 2016, 12:41 PM

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QUOTE(Ramjade @ Dec 20 2016, 12:28 PM)
Gold price is quite low. Buying gold from banks not worth due to the spread. Unless you got big cash then UOB is the best.
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QUOTE(prophetjul @ Dec 20 2016, 12:31 PM)
No....did not say that.

Just saying that although gold is correcting in USD, other gold currencies are "hedged"
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oh well. never thought about gold investments anyhow. too many negativity circulating around gold investments esp with MLM and Ponzi schemes. I'll just find another avenue
Avangelice
post Dec 22 2016, 10:53 AM

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anyone got the notification from maybank that they have now western union ability through the website?
Avangelice
post Dec 23 2016, 09:34 AM

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QUOTE(TOMEI-R @ Dec 23 2016, 09:25 AM)
They have to do that to keep the RM stable and the market from crashing. You dont want to warrant unnecessary panic and loss of confidence of both investors local and abroad.
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that is kinda unprofessional. I was appointed by patients to give a report of their condition and health and leave them to digest the results. my work is just that. instead they put their political sentiments first rather than telling the truth.

how would you feel when economic analysts and government officials parade how rosy their country and soon after you invest, you find it that it isn't rosy as it seems and worst still you find it hard to take your money out from capital controls.

I mean for the run of the milk auntie and uncle investors. not us. lol
Avangelice
post Dec 30 2016, 12:11 PM

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question to all the vets here. I am investing all my money through unit trust which is all in Ringgit malaysia.

so lets say I convert my money to Singapore dollars at the money exchange. which is what some of you are doing. converting out. what do you do with the hard cash anyways? or I'm getting wrong message reading this thread? when you say convert out how do you all do it?


Avangelice
post Dec 30 2016, 01:49 PM

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QUOTE(AVFAN @ Dec 30 2016, 12:55 PM)
this question, in both general and specific sense has been asked many times in this thread.

there is no single answer but a list. diff people use diff ways according to the amount, individual needs, risk appetite, cost and convenience, e.g.

1. buy foreign notes at money changer, keep under mattress.
.. easiest, good rates, small amounts, not an inv, only FX risk.

2. buy foreign notes at money changer, put in bag and travel abroad to deposit.
.. subject to FX/immigration laws, risk of theft n robbery.

3. buy foreign equities with local banks/brokers.
.. easy to do, but high brokerage fees, potentially high spread.
.. new BNM rule says for individual, limit is RM1 mil minus outstanding RM loan liability (1 house exempted, i believe); no limit for those w/o loan.

4. buy foreign equities with foreign brokers.
.. harder to open account now with say Interactive Brokers, Ameritrade.
.. money to be TT'ed subject to same new BNm rule of RM1mil.

5. buy with DCI or dual currency inv accounts with local banks.
.. useful for those expecting to actually use the hard currency when time comes.
.. the usual FX risk for those who do not plan to use the foreign currency.
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thank you. looks like none of this is for me as it's either you lose or either you win unless you move alot of cash. being in kuching is a handicap where we need to charter a flight just to go to Singapore


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