Anyone know about foreign FD?
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 Aug 28 2011, 02:26 AM
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#1
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Junior Member
432 posts Joined: Jul 2011 
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QUOTE(kobe8byrant @ Aug 27 2011, 08:54 AM) 3. Park that money there and don't withdraw no matter what lor. I rather put in foreign currency FD than in unit trust let the agent earn. Many unit trust funds give better returns than foreign currency FD even after taking into account the service charge and annual mgmt fees. |
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Sep 5 2011, 03:06 PM
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#2
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Junior Member
432 posts Joined: Jul 2011
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QUOTE(BboyDora @ Sep 5 2011, 02:57 PM) I would like to put in Singapore dollar FD for really long time. Let say 10 years. Is it recommended? Sg FD rate is like <1%. Why not AUD (5+%) leh? |
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Sep 5 2011, 06:04 PM
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#3
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Junior Member
432 posts Joined: Jul 2011
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QUOTE(BboyDora @ Sep 5 2011, 03:51 PM) Thanks. But it will fluctuate as well. Looking for low risk to be added in my portfolio. Have u got bonds in your portfolio? Bond is not as risky as you thought. With foreign currency FD, you are exposing to currency exchange risk once u decided to convert your $$ back to MYR. If you want SUPER low risk investment then dump your money into local FD. |
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Sep 5 2011, 08:39 PM
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#4
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432 posts Joined: Jul 2011
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QUOTE(wongmunkeong @ Sep 5 2011, 08:12 PM) FD.. how about the "risk" of inflation? According to BNM, Malaysia's inflation rate as at May 2011 is 3.3%. So local FD can ngam ngam cover that gua hehehe.Perhaps that's a risk unconsidered by most  OR maybe bro BboyDora has already considered and this bunch of $ is part of his Asset Allocation into FD - if so, my bad ass-u-me-ing  |
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Sep 5 2011, 10:32 PM
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#5
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Junior Member
432 posts Joined: Jul 2011
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Ya, not advisable to leave too much money in FD. one should view it as a temporary car park bay for excess/unused cash.
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