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

this kind of comment will be frowned upon by the power ones.
they only want rosy politically correct talk.
talk some more, he may get harassed/arrested.
and that's precisely the issues - non transparency, confidence.
me, about 40%, target  is 50%.

Half....and comfortable with that level....still need to live and spend here, not migrating....

Going forward, if opportunities arise (ie periods of strong myr), will move more out....just need to keep enough for local spending....rest is cheap overseas holiday money....lol

I think the absolute amount counts as well though obviously no one is going into details about their net worth here. What I mean is assuming your net worth is 100k and you have 100% invested in foreign assets compared to a person with 10mil net worth with 20% invested in foreign assets, then of course the person with 2mil invested overseas can say that what they have overseas is quite significant and can even allow him or his family to survive on foreign assets alone for quite sometime compared to the person with 100k overseas. I understand that to compare across individuals, percentage is the only metric suitable but in my opinion absolute amount is important too. The higher one's net worth especially if one has multiple properties, I think the lower one's foreign assets % is in practice. In short, I don't think there are many rich people with more than 30% of their net worth invested in foreign assets not counting those who has migrated or has plans to migrate or has dual residence.

For reasons there are only 3% of adults in the kangkong land have over us$100k net worth.

not really, just that it is usually flat-flat on holidays.

actually, at this time, there are things we don't know...

is BNM still intervening, $ sold or bought?
are the exporters complying?
are foreigners still selling mgs and bursa? (us 10 yr yield 2.493% today).

meanwhile, BNM is patting itself on the back...
http://www.thesundaily.my/news/2091779

The ruling is the exporter must bring back the export proceeds into the country, ie repatriate back to a licenced Msian onshore bank, within three months after the transaction. Hence, the exporter can wait and wait till the RM strengthens before TT'ing out from the overseas acct where the fund is parked.

Or,... the exporter may give a 6-month credit term to the overseas customer, then the overseas customer pays in 6 months time into the overseas bank acct., and the 6-month 'bringing-back period' will be for another 6-months from thereon. All in,.. one year to bring back and convert into the RM,....

What if I as an exporter decided to have offshore account in SG/UK/HK and ask my clients to bank in the money into those account. That way, I don't need to convert my earnings into RM right? Just a thought 

Knowing our govt,... 3 or 6 months later,...everybody will forget abt it, people would have changed, documents missing, hard disk crashed,... 

Unless they happen to target one or two lar,... see who 'gets the lottery',... BNM also wants to have an easier life,....

the bigger question is with this 75% thingy, who will put big money into exports biz?

Hmm,... I tend to disagree somewhat,.. for myself, even though I am making a lot from the margin, but if what I made MUST BE converted into something that will lose its value slowly, I will still hesitate.

the actual impact of that 75% thingy has yet to be seen.

however, the comments from topglove already give a clue - it will stifle export industries' growth, i.e. new investments for export biz will think very hard about whether to go ahead or not.
what sectors are we talking about when we say "export biz" or anything that earn FX?

that should be largely manufacturing.

this new report says mfg investment approved (not actual) is down by 39%.

not much details about foreign or domestic; the nos. are for jan-sep, before the trump win, before the 75% thingy.

i doubt the 75% thingy is going to help the RM overall over time.

Cashless vs real cash are actually the same in the financial system and banking.
Real hard cold cash just means extra process of printing it.
Just like E-statement, E-invoice, E-ABC, just less one process of printing it, doesn't mean they are not existing or not real.
You have 10,000 in account (cashless), if you want hard real cold cash, bank just debit your account (your 10,000 no more), then ask BNM to supply them 10,000 cash note.

Cashless /= anyone can simply type a number, nor bank can simply create a number in the account.

The one can create money out of thin air (USD) is Fed, Euro (ECB) and for other countries currency, it is respective central bank, but other central banks (other that major currencies in the world) do not have the luxury of like USD that can simply print without financial/exchange repercussion.

It is how fiat money system works and agreed and adopted by everyone. Nothing relate to whatever imaginary scam, those saying it is scam because they don't understand how financial, monetory system works.

Ramjade is too pre-occupied with his "opening a bank account in Sg" until every time a new question comes out, he is blinded with his own situation and requirement.

Contrary to what Ram said, of course you can open a foreign currency bank account in malaysia. You can send, receive, convert your forex with this account in malaysia

What Ramjade meant was you cannot deposit foreign cash notes into this account. He is a bit sore with this restriction as he compares to the local money changer rates vs the bank board rate 

So, go ahead and open a USD account with maybank. And bring back your funds in USD from overseas. But just remember if you want to cash it out in malaysia bank, the only choice is convert the USD to RM. Along with that conversion, you get bad conversion rate. Also don't forget there is the usual bank charges for receiving and sending funds.

After bring back, if you keep it in USD, you can always resend it out overseas. Or transfer your US$ into your local trading platform and buy US shares.

Hope Ramjade didn't confuse you too much 

In my experience, those RM20k-RM50k is too small for bank to give you good rates. 6 figures will be better, and 7 figures is close to XE quoted rate with bank's small spread

Did anyone noticed that money changers will very quickly run "out of stocks" very early. They must be holding back their stash as MYR is going up.