SGD12K = RM36k very much doable. Should be more or less one year of savings You don't want SG, there's always HK.
HKD100= RM50. HK have some good stocks

Not if you already have savings in place which can last you for min 2 years without work. That's why having emergency cash is very important. Invest only in what you can afford to loose. Don't invest so much until you loose sleep. If you loose sleep or cannot tahan see the price fall, then as mentioned best to stick with safe investment. I have been saving since my primary school days so not an issue to me.

If you already bought when it was cheap, it won't really affect you. That's why margin of safety is important. You buy when things are expensive, get ready to pay the price. You buy when it's cheap, you have nothing to be afraid of. Know why you are buying something. Is it because you are chasing the price? I bought dividend stocks so if price drop, it present more buying opportunities to buy more which means able to generate more cash, As long as I don't sell, dividends will still come in regardless of how the economy is reacting. It may be reduced but it will still come in nevertheless. In US, UK and Canada, there's something call Dividend Champions or dividend aristocrat.

Note that I may change my RM > SGD/HKD, but I wont't buy anything as mentioned why buy when things are expensive? Why do you think I am looking forward to this market drop? Buy when things are cheap. Not the other way around.

Discounts still aren't cheap.


This post has been edited by Ramjade: Sep 10 2018, 01:50 PM

Short term spending locked up in PMMMF
Long term war chest + emergency fund amanah saham.

For now yes. Like I said I will crack that open when repeat of 2008 occurs.

But I am collecting my money, every 3-4 months transfer the money over to SG when rates are good.

Avoid scb bonus saver. If you can, go for Citibank maxi gain. Or DBS Multiplier. Easier to hit 2% p.a Just do a GIRO from other account into your own account, credit salary into your account. Then all payout if you are using DBS V into DBS multiplier account. Depending on whether the SGD3k lock inside can generate you money. My time SGD3k lock inside can't hardly earn anything until they revamp the TnC. I close account already before they revamp the TnC to make it more attractive. Heartland boy wrote 2 good articles on it.
https://heartlandboy.com/get-highest-intere...vings-accounts/
https://heartlandboy.com/citi-maxigain-savings-account/

Well there are 2 schools of thought.
1) DCA every month which I am not a fan of
2) Buy when it's on discount (I am fan if this)

Why waste money to buy things are expensive? Better I collect money and buy more when it's cheaper.

For me SG parking only Cimb Fastsaver.
.

I withdraw all before tak pernah kena. If scared to kena, don't withdraw all

The rule said don't withdraw all. Besides where can you find parking for short term at 3.7%? No savings account give that high interest,

Correction Cimb fastsaver does not have fall below balance fee. If amount below SGD1k, no interest. POEMS MMF also start to look attractive at 1.01%p.a

If you want, can PM me for Cimb Fastsaver referal.

2) Some call it that way but I prefer to call it buying when things are cheap. Buy when price drop. Use previous hist graph to know more or less the level which is low enough to buy. Low can go lower buy at least to u won't be buying at the peak.

This post has been edited by Ramjade: Sep 13 2018, 12:32 PM

This. Phillip money market fund. 3.7%p.a same day withdrawal provided you use maybank and withdraw money before cut off time.

Should be by 6 something. Latest also by night.

Open transferwise.
Open a US bank account via transferwise. Use fintech to fund your Transferwise US account.

Please do your own research. I am not going to spoonfeed everything.

See you don't need to be 100% spoonfeed

You asking wrong place. Kindly go to public mutual thread. Of course I am not sure if you are talking about bond or Bond fund. Got differences OK.

Of course can't as
1) moneymatch cannot transfer to your own account but you can transfer to friend or family account
2) you need to get the bank details from transferwise. That's obvious as transferwise partner with local banks so if you want to transfer, kindly ask transferwise customer service for bank details

I use a mixture of MoneyMatch and Instarem. Depending on who can give me a cheaper rates at that time. Yet to utilise my borderless account.

Me. Catch is if you withdraw everything you kena charge RM5. But so far never kena before. Is one of the few interest high parking place.

This post has been edited by Ramjade: Oct 31 2018, 10:52 PM

Yup. Withdraw until 0.
For me I keep RM500. Happen before I withdraw everything and don't kena charge. Don't know why.

Nope. More info in this thread.

No need to wait for promo. Now with POEMS SG everyday is a free day as there's no commision involved in buying unit trust

That's the thing about POEMS SG. It don't support Cimb.
Only banks it support for transfer are
Dbs/posb, ocbc, uob, Maybank, standard chartered and I think HSBC or Citibank. You need account with one of those banks if you want to use POEMS.