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boyboycute
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 Nov 17 2023, 02:49 PM
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As long our Taikor dare not increase interest rate, Ringgit will continue its downtrend against USD. It's better for companies doing export. Revenue in USD while wages in Ringgit. Meanwhile, Rakyat will continue to suffer due to higher cost of living.
My guess is because our household and companies are heavily indebted, our Taikor kena pressure to keep interest rate lower for longer. He needs to keep the country financial well to borrow more cheaply.
Kesian those who have pension and retirement fund EPF. Their savings value got incinerated. But nothing to worry. Not many common people will understand what hit them. They will only bising when mortgage payment increase on monthly basis. U must understand that most have short term thinking
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boyboycute
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Nov 18 2023, 04:38 PM
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QUOTE(xander2k8 @ Nov 17 2023, 05:02 PM) Well said π when many still thinks that EPF is god send π€¦ββοΈ while depreciating RM still on trend till they once retire for good π€¦ββοΈ but by then too late Cash is still king but in USD π Very hard to blame common people to think EPF is the best vehicle. There's no alternative (TINA) to save for retirement. Volatility & liquidity is the issue when saving for retirement. No other vehicles can compete with EPF |
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boyboycute
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Nov 19 2023, 12:47 PM
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QUOTE(xander2k8 @ Nov 18 2023, 11:58 PM) Even if you bought after unpeg π€¦ββοΈ it is still good gain at todays value Locally yes it is TINA π€¦ββοΈ but when you venture outside like investing abroad you have choices then The problem is that the common people doesnβt have the know how and knowledge while easily being brainwashed by certain parties Good example is buying UT especially PBUT You can find them in another group here |
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