Jan 13 2017, 10:07 PM
QUOTE(Jeff the Bear @ Jan 13 2017, 03:49 PM)
Hi guys,
I'm new here. Been in Australia for the past 27 years and am looking at moving back to Malaysia in a few months time. I am honestly a bit scared about the move back home and a bit nervous about my investments in Malaysia. I don't mean to brag or anything, just want to be honest about my situation and seek some advice. I will have about RM 2 million balance (mainly due to the strong Aussie dollar) after buying a house and a car, and was wondering what's the best thing to do with the 2 million.
I thought about investing in FD, but am I right in assuming that the Govt will only insure RM 250k? This being the case, I guess I will have to split the cash and deposit to a few different banks? Or is there to your knowledge bank(s)/schemes that will have government protection over the whole amount? If there are better options available, please let me know.
Any advice will be greatly appreciated. Thanks.
p.s If this is the wrong place to post this type of message, my apologies.
Are you coming for good? No plan to return to Aus? Why don't you keep your money in Aus bank until you have fully settled down in M'sia? I would suggest you only bring back the money that you needed for the first 12 months and decide what to do with the rest of the money after that. At the moment, RM is still unstable and you would have more time to find out the best plan for your money later. I'm new here. Been in Australia for the past 27 years and am looking at moving back to Malaysia in a few months time. I am honestly a bit scared about the move back home and a bit nervous about my investments in Malaysia. I don't mean to brag or anything, just want to be honest about my situation and seek some advice. I will have about RM 2 million balance (mainly due to the strong Aussie dollar) after buying a house and a car, and was wondering what's the best thing to do with the 2 million.
I thought about investing in FD, but am I right in assuming that the Govt will only insure RM 250k? This being the case, I guess I will have to split the cash and deposit to a few different banks? Or is there to your knowledge bank(s)/schemes that will have government protection over the whole amount? If there are better options available, please let me know.
Any advice will be greatly appreciated. Thanks.
p.s If this is the wrong place to post this type of message, my apologies.
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