Anyone know about foreign FD?
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 Apr 15 2008, 08:45 AM
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#1
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Senior Member
3,569 posts Joined: Sep 2006 From: Bermuda Triangle 
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QUOTE(tkwfriend @ Apr 14 2008, 11:20 PM) CIMB worker told me not o buy. as his friend bought rm20k and they already lost rm3k for the currency rate foreign curency FD is long/medium term investment......if you "trade" foreign currency with bank of course u lose |
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Apr 15 2008, 01:22 PM
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#2
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Senior Member
3,569 posts Joined: Sep 2006 From: Bermuda Triangle
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QUOTE(-fu Yong- @ Apr 15 2008, 11:49 AM)  the CIMB worker tell me not to buy too. He says, it is just advertisement, in fact, you wouldn't much earning |
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Apr 17 2008, 11:15 AM
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#3
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Senior Member
3,569 posts Joined: Sep 2006 From: Bermuda Triangle
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QUOTE(assaji @ Apr 17 2008, 11:11 AM) We're referring to the spread between the bank buying and selling the foreign currency which is about 2.7%. so if you put in foreign currency FD, it should be long term of at least 2 years to minimize this effect, assuming forex rates do not move significantly. provided that the interest on Nzd doesnt change for 8 whole yearPB bank presently offers 9% p.a. At this rate you double your money in 8 years. Between NZ$ and Rm, I'm willing to place a fair bet on NZ. |
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Apr 23 2008, 04:35 PM
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#4
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3,569 posts Joined: Sep 2006 From: Bermuda Triangle
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QUOTE(cutegurl @ Apr 23 2008, 03:41 PM) One thing i dun understand is if is GUARANTEED return, 20.22% pa, still got people want to go in stock market ? or put in normal FD? some risk must be there right ? its not 20% P.Aits 20% after 3 year.... in another word its only 6-7% p.a no much people get wealthy invest in foreign fd This post has been edited by dr2k3: Apr 23 2008, 04:36 PM |
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Aug 12 2008, 08:43 AM
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#5
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Senior Member
3,569 posts Joined: Sep 2006 From: Bermuda Triangle
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attract investment in that country la...duh~
if anyone of you bother to do research n some calculation u wont post that kind of reply - -" This post has been edited by dr2k3: Aug 12 2008, 08:46 AM |
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Aug 13 2008, 08:50 AM
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#6
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3,569 posts Joined: Sep 2006 From: Bermuda Triangle
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QUOTE(wodenus @ Aug 13 2008, 06:04 AM) Interesting opinion. The interest rate for USD is maybe 2.5% now. Does that mean they don't want people to invest in the US ? do your own research....u trade forex as well...= =" |
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Aug 13 2008, 09:17 AM
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#7
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3,569 posts Joined: Sep 2006 From: Bermuda Triangle
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he trade forex.....i think he know that....he purposely say something like that
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Aug 13 2008, 01:49 PM
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#8
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Senior Member
3,569 posts Joined: Sep 2006 From: Bermuda Triangle
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lower rate also attract investor
low rate = business lending rate lower = good for stock = investor high rate = good for bond = government = development = investor Added on August 13, 2008, 1:51 pmeh this topic is about FD ler.....how come talk about fundamental thing.....go back to forex topic wodenus  This post has been edited by dr2k3: Aug 13 2008, 01:53 PM |
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