It could just be buy the rumor sell the news thing.

Crazy fx moves...AUD vs MYR..hit 2.85 😳


Eh yeah....why lor?

RM4 is too ambitious.

4.47 now.

I prefer the rate to stablize and perhaps MYarcstrenghten slowly till.end of the year.

Is 4.20 your target price? 🤔

Dropped more than 5% from the peak in Feb vs MYR this year.

4.10..that day u say 4.20?

N i tot u DCA?

Me..i last buy USD at 4.51. Now waiting for 4.35. Average down.

USD MYR at 4.34
SGD MYR at 3.34

Sad to see those nice FX gains much reduced esp.on SGD side. 😔

Anyway, me buying another batch of USD.

Its quite hard to time bottom based on my experience. So I will usually average down bit by bit at certain support levels.

And who knows, we might even see "buy the rumor sell the news" come next month.

SGD weakening with MYR only..not much with other currencies n streightened vs USD.

Stablised

Aug 30 seem to be peak/bottom.

This post has been edited by Cubalagi: Sep 6 2024, 05:29 PM

Nice..quite close to mine.

At my planned retirement, just a few years from now, Im looking at about 50% EPF and 50% other financial assets (mix bonds, equities, gold and currencies). Still rough approximate depending on how the market will look like, any major career progress and spending pattern. (But nowadays Im more Yolo and not saving aggressively).

This post has been edited by Cubalagi: Sep 11 2024, 12:20 PM

If its just 25bps next week, I think dollar will strengten and markets drop.

And intensify trade war

Which will ultimately lead to ahooting wars

And its a 50bps folks!


This post has been edited by Cubalagi: Sep 19 2024, 07:49 AM

What is scrips?

Ooo...basically a form of treasury bonds.

Most of my SGD exposure right now at Singapore treasuries..so the hit of Fx exchange rate vs MYR has been absorbed by the capital appreciation as rates come down.

I have beenn changing to stockup my USD reserves.

Its not that Im doom and gloom of Malaysia like Ramjade here. But its a matter of having a diversified investment portfolio.

Unlike you, I dont know where MYR will be 10 years from now. And compare to what, also depends. If it is just protecting purchasing power, last 10 years EPF has been pretty decent in achieving that with no risk.

But what u r aiming for is higher returns than that, so its not just about protecting purchasing power. That is your choice.

They had to increase rate not to prevent recession but to fight inflation. US CPI hit 9.1% in 2022 in case u forgot. Before that they were talking transitory inflation, then they panicked.

No rush..but later another sudden 50 bps cut lol

Fx now more volatile.than equities indexes ...haiih.