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abcn1n
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 Oct 23 2023, 12:09 AM
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Malaysia I feel moving in the wrong direction. Heard that PM has got other countries such as China, Indonesia, Thailand to trade in RM. Not good idea if Malaysia is net exporter as it means less foreign currency for Malaysia to defend RM and to import necessities such as food stuff. You need lots of foreign currency so that speculators will not push your currency down and also to project strength for your currency. They need to learn from countries such as Sri Lanka, Latin America, Turkey
This post has been edited by abcn1n: Oct 23 2023, 12:11 AM
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abcn1n
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Oct 24 2023, 01:16 AM
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QUOTE(CommodoreAmiga @ Oct 23 2023, 07:07 AM) In order to get IBKR 4.8%, you need to have $100k minimum cash balance. Which local bank has 5.8%? I am also thinking to open an MCA now, don't know to go with which bank. But now really painful...at RM 4.8. Last time I have moved some money to IBKR when it was RM 4.1. I thought we are net importer? I am not too sure. We have current and trade account surplus overall, that means we are net exporter. With China, we are net exporter (not talking about loans by China for 'investments'). Not sure about Thailand or Indonesia. This post has been edited by abcn1n: Oct 24 2023, 01:40 AM |
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abcn1n
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Oct 24 2023, 05:42 PM
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QUOTE(icemanfx @ Oct 24 2023, 05:20 AM) Bnm foreign reserve supposed to increase with current account surplus. How much bnm foreign reserve has improved in the last few years? If pmx is willing to compromise the national interest for hamas, how do you expect the market to react? RM will soon be worse off than AFC time. Up and down recently but between 2015 to mid 2021 it increased QUOTE(xander2k8 @ Oct 24 2023, 04:50 PM) 3.6 is foregone conclusion by this year already 🤦♀️ so now look at 3.7 for year end instead Local banks are not allowed to trade in USD in the 1st place 🤦♀️ hence why CC are all in RM with with cash advance fee and CC interest on top of it You wanna save only way is money changer but still with a small spread about 1 to 2% range 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 |
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abcn1n
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Nov 2 2023, 05:19 PM
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QUOTE(xander2k8 @ Nov 2 2023, 05:07 PM) 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. |
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abcn1n
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Nov 2 2023, 06:04 PM
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QUOTE(xander2k8 @ Nov 2 2023, 05:43 PM) 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 |
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abcn1n
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Nov 4 2023, 10:20 PM
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QUOTE(xander2k8 @ Nov 4 2023, 02:44 PM) Said only 🤦♀️ but if Core CPI goes up in the next reading the hike will come and like you said too early to tell Yes but the word possibility is there a lot Let's agree to disagree. 1 thing I do know that when it comes to the markets, people can have completely opposite views and yet they can still make money. That's what's important.  |
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abcn1n
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Nov 14 2023, 03:52 PM
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QUOTE(Ramjade @ Nov 14 2023, 11:14 AM) Ha! You also know about Tom Nash |
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abcn1n
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Nov 14 2023, 04:18 PM
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QUOTE(Ramjade @ Nov 14 2023, 04:08 PM) I watch his channel on and off.  |
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