AVFAN and me had discussed before. I was ~20% 2 years ago. Now, not much improvement I think around ~30% only. Mainly because I have illiquid assets in ongoing business.

Not as much as I wish to. But I plan to achieve at least 50%-80% if possible. Leave some in malaysia as I think this is still the best country to live in

Seeing the rate over this few days, especially after the BNM announcement last Friday, I have a feeling that 4.4x is the support level for RM. When calm returns, RM might appreciate back to 4.0x

This has happened before last year. Panic selling makes RM went to ~4.5x. Then in the next few months, it appreciated back below 4.00

They have been very aggressive lately. Maybe because their business is affected as the customers shift their money overseas. Leaving very little behind in malaysia for them to manage

Very true ! That's why those who posted in this thread and FD/ASx threads are the fortunate ones. Their worries are how to preserve/grow their wealth. While many are still struggling to service their house/car/CC loans. RM depreciation is not their immediate worries and out of their control

Your logic and mindset very keng !

Can. Bigger amount they can give better rates

Ya, SGD and AUD retreated a little. Could have some more room before 15/3 I reckon...

+1

RM depreciation is a matter of loss in confidence in the currency. Part of it was caused by oil price slump, but another part during the RM depreciation from 3.0 to 4.5 was because of one and DB.

Without that saga, our GST could have helped our RM remained at 3.5

Yes, without the confidence in the country's management, RM can never recover. And higher and higher coupon is needed to attract MGS investment. That means more and more money are needed to service the interest payments and cause RM to spiral downward in the future.

At this point, RM is hopeless. A lot of hard work and changes are needed to gain the confidence back. Don't think that is going to happen

Your money is a waste not working for you.

AUD FD pays peanuts here. Not worth keeping AUD.

Sadly the trading platform here has no access to Australian stock exchange. But you can convert to SGD and invest in Singapore stock xchange.

So, open a trading account platform + SGD FCA. Then buy shares in SGX. Dividend yield from 3-10%

As for which stock to buy, head to stock exchange forum to have a look

If your amount is big, then may consider open stock trading account in Singapore

Lets give him some pressure to change his risk appetite

If the inflation rate in Malaysia is 3%, in five years, his RM value will lose by 15.9%

In another words, if he keeps A$ under the pillow doing nothing for 5 years, the A$1 - RM3.41 today has to appreciate to RM3.95 just to beat inflation. If A$ does not appreciate to 3.95, his inflation-adjusted wealth will shrink.

That is just the official inflation rate. We all knew it is way higher than that. Let's say it is 6%. The Aussie dollar has to appreciate to 4.56 just to beat inflation and breakeven.

So, By making the decision to come back to Malaysia, he has to sweat it out to fight inflation as well as currency depreciation just to preserve his wealth (let alone growing it). Risk averse person has no choice but to be more aggressive

The solution to this dilemma is to invest in foreign currency investment. Then we take away the "RM depreciation" from the equation and fight only inflation

That's what many of us here including you and me are doing...

Bro, to be fair to BNM, this is not a new rule on forex control. It is just that previously the banks did not implement it strictly.

I still remember many years ago (like 7-8 years ago) my fund from overseas was withheld by the bank asking me for documents. I eventually provided the documents and solve everything. It took a few days. After that, I told off the bank saying if next time you still hold my fund from overseas, then I won't use you any more. Since then, no more asking of documents. I think is bank giving convenience to their customer, and did not follow BNM rules. Not that it is not required by BNM. But the bank is trying to make our life easy.

It seems that BNM now has asked the bank to follow the instruction again. So the bank has no choice but to follow. The purpose I can think of from the bank point of view is to prevent dirty money from leaking into the banking system. So they are just doing their compliance job. Since the rule is there years ago.

Just a few months ago, when TT money out of malaysia, the bank is so paranoid that they requested every single documents they can get from you. But now everything is back to normal. Because banks have clarified with BNM that nothing has changed. So my recent transfers were all very smooth. Of course, you must help the bank by providing the necessary supporting documents and follow all the rules. Then everything no problem...

For MBB to request documents for in-coming TT, it is just a matter of getting use to the procedure...

Bro, how's your S$100 transfer back to RM using MBB ?

I also told ramjade many times....investment is not based on investment cost, but on investment return.

3.14 vs 3.17 is less than 1%. Sreit 1 quarter dividend is already more than that....

3 x

I know you are influenced by your parents's investment philosophy. You are brought up by them being a frugal person trying to save whenever you can. But investment is not about cost. It is about risk and return.

Let's talk numbers. Numbers don't lie.

1 year ago on 29/3, S$1=2.9192. Yesterday 29/3, S$1=3.1681. That is 8.53% increase

I am sure you know you can buy Sreit with 8.53% yield.

Let's say S$ really drop back to 2.9192 1 year later. But if you have bought a Sreit with 8.53% yield now, You are still breaking even.

Now....tell me which is more certain ?

1. Sreit pays you 8.53%
2. RM appreciates to 2.9192

Discuss the numbers with your parents...

Let's size up our currency depreciation against other developing countries. Let's compare respectable countries like BRICS as example :

5 year change in % against USD :

Brazil -70%
Russia -90%
India -25%
China -9%
South Africa -74%

Malaysia -45%

Malaysia cannot escape too. 3 out of 5 BRICS countries are worse. Don't forget BRICS were riding high and full of hope before USD surged 2-3 years ago.

What has our currency become into ? Bad. Just like many other developing countries. It will take a long time to gain back investors' confidence before they start appreciate again

Yes. Good for exporter, bad for consumer in malaysia

Moral of the story - for wage earner, try to earn in forex. For investor, diversify our investment. Hold various currencies to spread out the risk. Hold shares with export income. Invest in bourses across the global markets. Hold funds heavy on foreign countries. Tailor a portfolio with desired equity-bond combination. The only thing I haven't done is put some portion into gold related SPDR fund

For the 3 countries which their currencies depreciate more than RM, I bet they would rather have RM as their currency. And we are angry with our government for mismanaging, guess how we will feel if Jacob Zuma is our prime minister

RM depreciation is caused by political issues.

If it is pure economic issue, RM wouldn't have reached such a state. If without the political issues, I don't think we should worry about RM. RM will be a very strong currency with our vast resources. Even stronger than SGD

So without referring to political issue, this thread is irrelevant. It is like opening a thread on marriage without referring to sex life

I guess it is the mindset of most Malaysian who is afraid to stir a hornet's nest, which encourage the current political culture to foster

Let's see if such arguments surface in the near future or not

An analogy. If a marriage is affected because of the couple's sex life, will you ask the discussion in a marriage forum to stop talking about sex life and direct the discussion to the sex forum ? You are passing the bug if you do

They are inter-related. So is the country's financial and political issues. If we don't have political issues, this thread wouldn't last into v5...

I always laugh at those singkies for "kiasu", "kiasi", "kiabo" and "kia chenghu". Looks like I can't tease them anymore

Yea....he is extreme. Too rigid. And hold too tight to his principle.