Thank you,... hmm,... not too confident of holding the NZD, tho'....

Sigh. I'm trying to offload my NZD holdings. I have a stash of them, recurring proceeds from some investment properties I bought, which the IRD ends up taking nearly half the bloody lot anyway. Not particularly impressed with NZ's economy to be honest.

Same sentiment here, bro.. abt the NZD...

just to share : When I first started investing in pre-2010, I remembered I earned up to 9+% for NZD FD. But when the tide turned, the NZD fell badly. I 'lost a friend' because I told him that my NZD was earning 9+% and this made him converted most of his funds into the NZD, just to park inside NZD FDs. He converted at a high rate.

When the tide turned, the NZD weakened badly, and he lost badly in terms of exchange rate.

Appreciated your sharing.

Actually, your friend's one of many that got burned by the unexpected weakness of the Kiwi dollar. I'm still holding on to a minor paper loss on the NZD holdings - and the original euphoria of China being the biggest buyer of anything dairy related from NZ has faded away to a more balanced scenario - which means I don't really see the NZD flipping back up anytime soon. Ah well, at least it'll pay for a good vacation in Queenstown every once in a while.

I converted every Kiwi penny into the AUD back then,... after that,.. the AUD strengthened further vs the Kiwi.

NZD is soft commodity currency which the value is fairly stagnant while upside is lower compared to hard commodity currency which moves in cycle with economic boom

If you wanna hold commodity currency of G7 portfolio you should allocate 50% CAD, 30% AUD and 20% NZD to balance any downturn

But NZD value in high inflationary will always hold in value for long term view of 10 years at least

Any particular reason to allocate more in CAD vs AUD?

CAD has more diversified commodities for soft and hard commodity and it is still underdeveloped country which have vast landbank and undersize population while AUD is very reliant on hard commodities which EM countries are highly reliant upon but unfortunately when the next global recession hits it will affect AUD more than CAD as you can see from the currency value now

Hi guys if I want to open a SG account, as far I know I can walk in MY CIMB to open SG account and deposit FD there right?

Sg government offer 75k sgd pidm to each account holder, do I entitle for that if I use MY cimb to open SG cimb fd account? （Some forumer said yes some said no)

Exchange Rate and FD rate will it be different if I use other bank like maybank, ocbc those?

mavistan89 can refer to this https://www.youtube.com/watch?v=mXjaob63K2w

1. create a MY CIMB acct (can be physically at branch, can be online)
2. create a SG cimb account online, with your malaysian IC, after creating, apply to link from MY cimb via your NRIC
3. after 3-4 days, you'll get a notification that linkage is successful, deposit S$1 from CIMB my to CIMB sg for e-KYC purpose
4. use remittance agents like transferwise (if newly opened, you can key in referral code and get first RM2,500 transferred for free) or moneymatch (cheapest rate) to deposit S$1k
5. wait 2 weeks for CIMB sg to get back to you to complete the CIMB sg acct opening process
6. wait few days for them to send you confirmation code to officially open a CIMB clicks sg acct
7. use cimb clicks sg to deposit SG FD

For no.4 remittance agents, normally how much is the charges? And the amount transferred got any capping? Because I plan to transfer sgd 100k to sg fd

For the deposit of sg fd, can we get the promotional rate? Or there is only one rate? Can we take out money in sgd instead of convert back to myr?

This post has been edited by mavistan89: Aug 27 2023, 01:15 AM

Jurong East Wealth - Fixed Deposit Bundle Promotion

https://www.rhbgroup.com.sg/rhb/personal/pr...s/jurongopening

Source: lzydata/HWZ

The address is

131 Jurong Gateway Rd
#01-257
S600131

which is opposite the Jurong CPF Building, and they took over HSBC which previously occupied the same address.

This post has been edited by TOS: Aug 29 2023, 02:06 PM

Hong Leong Finance FD promo:

Deposit Amount	5-Month	8-Month
S$20,000 to < S$50,000	2.95%	3.00%
S$50,000 and above	3.00%	3.05%

Published rates are as of 6 September 2023.

https://www.hlf.com.sg/personal/promotions/...pore.php#promo1

Cut 0.05% pa.

Source: lzydata/HWZ

Just transfer using either of these 3 platforms sunwaymoney, transferwise or instarem and you will know the charges there. there is always promo sgd fd but in min of sgd10k amount. there is also normal fd at board rate. all these are published in the cimb sg website. please do some research on your own or just pay the fees then you will know the answer.

Seeking advice:
If I'm looking to invest in US markets like stocks, but would like to park unused USD funds in USD currency in one of the multi currency accounts we have in Malaysia, and let them earn interest to nett off the exchange rate losses, until an opportunity arises on one of the international brokerages we have (Rakuten, M Global, Moomoo, Ikbr, etc.) ... What's the recommended way of moving money to and from these two platforms - the MCA account in USD, and the trading platform - for minimal fees/charges?

Thanks gurus.

Why not you just park your money in a money market fund/ETF of your brokerage account directly?

E.g. BIL ETF via IBKR.

This is available directly in Malaysia, e.g. IKBR?

ibkr has not set up shop in Malaysia

this US broker we can open account n trade online

there is an ibkr thread...

No, IBKR is not available directly in Malaysia. I mean that since your eventual destination is one of the international brokerages like IBKR etc., might as well directly park funds in there right now.

When opportunity arises, you can sell your BIL ETF holdings, and in T+1 or T+2 (for cash account, instantly for margin account) your money is ready to purchase any of the US shares etc. Life would be easier, no?

What's the return on these US based MMF and ETFs? Which have you been holding if you don't mind me asking?