USD 4.48 now... Climb Back

Over the years, Unker have seen many amateurs investors fight the market and continue to average down to reduce cost basis. Their reasoning is always "I invest for long term". Unker pity them. They're stuck with their own reasoning. Similar to those who chased sky high property prices years ago

Unker have been through probably 3 recession and have seen many invincible assets go to dirt prices. I think you also DCA into S&P500 religiously.

One day, when your portfolio is decimated, you can PM me to learn from Unker. Unker can't help all your followers. Bookmark this post. You'll need it one day. Unker pray for you and your hard earned money.

Unker doesn't have crystal ball except for two saggy ones. Unker cannot predict the future unlike you who can see the demise of your own country. It's similar to those who left US and UK and said their own country is going to collapse.

Unker doesn't have the superman ability to see that far. God will laugh if Unker forecast more than a year. What Unker can do is to check EPF account dividend every year and estimate how much Unker is going to make via dividend versus someone who Kung Fu their money here and there thinking they know what's going to happen.

Like what Unker said in previous posts, Unker doesn't know how to use Excel but using common sense, Unker knows EPF dividend is going to surpass all returns from FX gain and cost. This doesn't include emotional anguish watching MYR continue to appreciate against SGD after transferring money to Singapore. You can read Unker common sense here.
https://forum.lowyat.net/index.php?showtopi...ost&p=109741680

On diversification, Unker fully support it. Everyone must diversify. But problem here is some experts are advocating "FULLY DIVERSIFY AWAY" from Malaysia and justify that whatever they're doing is true diversification.

Unker was suspended for a month because trying to advocate different point of view. Looks like this forum is turning into a homogeneous forum.

If you check all Unker posts, Unker tried to give "wake up call" many times before the SGDMYR massive collapse but no one cares. They reported Unker many times and when after SGDMYR collapsed, Unker came back and reminded everyone how much money they have lost transferring money to SGD including EPF dividend and related costs.
Unker kena suspended.

Unker is only a messenger. Unker doesn't cause the collapse in SGDMYR.  Don't kill the messenger. Don't be sore losers

Come let me throw some cold water. It's very easy to outperform the EPF. Just buy s&p500 or qqq. 30 years dow the road you will get double or what EPF can give. Problem is most people don't want to wait 30 years. Conservatively 7%p.a for 30 years. Less conservative, would be 10%p.a for 30 years.

Again Unker doesn't have crystal ball. Maybe someone here have superb ability to predict the ending of EPF and Malaysia.

Unker heard similarities of such arguments in 1980s when rich fella sent their money, wife , kids and mistress to UK because the future was brighter there.

Read more here. Unker eyes blurred trying to type so much on Lowyat forum

https://forum.lowyat.net/index.php?showtopi...ost&p=109741680

Trying to compare developed countries currencies vs developing country like Ringgit is like trying to compare UK vs US or UK vs Australia when those countries were still in developing stage.

All developed countries were  once "developing countries" in the past. Unker is not saying that our country is perfect. In fact, no country is perfect.

A better measurement is purchasing power parity of your currency locally. Just take a look at the living conditions of average Joe in US, Australia and Singapore. Are they living a better life over time? Does stronger currency translate into the prosperity of US, Australia and Singapore? If yes, how come many of them migrated to South East Asia including Malaysia?

Do you know most Singaporean live in HDB? Most Malaysian live on landed properties.
Do you know Australian & UK are suffering now due to high inflation ? Many can't afford to buy a home in their own country. Many tent cities for homeless are in US and Australia. Kesian ....
Looks like their capitalism policy doesn't work for everyone.
In Malaysia,Unker see so many nice new luxury cars flying around these days. Malaysian are going for vacation 3 times a year. Family eating out every day.We're certainly living in golden era despite whatever the media said about Malaysia. Anyone can massage the statistics to fit their own objectives. Most importantly, what's your reality living in Malaysia?

It's better to live like a" King in a small country " than living like a peasant in a big country.

If i remember correctly in 1980, GBPMYR=7+, AUDMYR=3+

EPF dividend will easily surpass whatever FX gain. Just common sense compounding

Sorry i just checked, in early 1980s, GBPMYR was 5.20 to 5.50, n AUDMYR was 2.50 to 2.80. Late 1980s then MYR strengthen. After that weaken until now.
I dont regard GBP & AUD as strong currency unlike SGD.
Many european countries r infiltrated n falling apart. UK is failing. OZ too depend on commodity n China but should still be ok.
ASEAN will be the dark horse if they strengthen  up their finance base while economy is booming.

EPF past average is 6%. So every 12 years double the money.

1980 to 2024 is 44 years. Close to 48 years. We make it 4 cycles of doubling.

16x because 2x then 4x then 8x and 16x

So 400k basically becomes 6.4 mil today's money.

I think he's just trying to say the power of compounding the 8th wonder of the world. Forex exchange mmg cannot beat power of compounding.

that guy is low key trolling... comparing apples to oranges... lol

agreed, should've been ignored many pages back

Rian or shine, how cheap or expensive the ringgit, I will continue to convert my RM once I hit RM10k mark.

He is like our seniors in lowyat forum...

Got even Elite tag for the profile...

Always give some good points on forex, & finance stuff... The guy to go previously....

The one who say don't diversified for the sake of it... Must be with reason & clear objectives... Target ROI must be clearly defined... Risk taking etc.

sure

I don't do bonds for 3 reasons
1. Have expire date
2. Payout not increasing with time
3. Expensive at $250,000 per bond

A well run company can continue paying dividends and even increasing to far longer than a bond can.

That is what I was taught.

what if the precious shares got called away

but the shares already fly...

Fuhyooo...

If rates keep maintain...

And USD / MYR movement like now, maintain till 2025...

We might be even looking at rates of 3.00 MYR vs USD...

And probably SGD at 2.00 🔥💪

Don't think all can happen & settled by year end...

Probably would still over 2025 too...

Heart must be steady boss...
You take the risk... Forex risk must be counted too...
Think long term... And pray you won't lose much...

Some people would be crying father mother if indeed happen..

Because many is surviving in strong SGD especially those in JB & Johor overall...

Business will be effected from Singaporean