regardless of Nov 5th result? i would think the new president will want to print money regardless... trump especially...

no need to be put into 2025 budget maybe... and not under direct scrutiny of MPs?

or maybe healthcare is now under BNM since it is related to insurance biz? lol

read or not also no point for most of us actually. not like chicken rice will go down... but can only go up cos will claim import is getting more expensive...

i actually hope it ends the year at 4.8 or 4.88 or 5.08... that would be great for many foreign funds and EPF... when they use the year end usdmyr rate to do their mtm.

then at least the books will all look nice...

of course for those who also held assets denom in usd...

i doubt our OPR will be allowed to go up... zombie firms and zombie home buyers around... plus we were always told that a weak currency is good for Malaysia thanks to export.

can meh? is this one of those article that talk only but didn't provide any justifications? economists are like shamans...

OPR up till 7%... then possible.

leave it to the will of the gods, sure... anything is possible with such excuse.

yum yum.... my chicken rice still the same price at least... lol

can't wait for usdmyr to touch back 4.6xxx and go above... translation gain to make the portfolios at end of the year...

eh... what happened to TOS?

can i join in the fun comment?

tesla: I stupid... paper hand and sold at 200 after 40% gain...
dbs : also stupid cos i sold at 40....
epf : also stupid cos not working anymore
myr: lagi stupid... kept on converting to overseas... but i think is making mtm gain here...

morale of the story...? haha. depends on how one see it... for me, definitely I am stupid.

but if we believe the narratives by gov/epf... T1 also almost not enough to retire eh... 1.4 million in EPF alone is needed for enhanced retirement...

everyone else just work till death.

doesn't matter.... analysts and economists will come up with explanations regardless...

for us, ringgit weaker is better... all our FC denominated assets get translation gains... including EPF's position....
here's me praying for 4.8 by year end... hehehe

no idea whats the actual debt increase for 2024, but i remember reading somewhere that it is above 1.5 trillion usd... may even be close to 2 trillion usd.

that is a good 6 to 7% of US's gdp. how to have recession?

crazy create uncertainty and it helps to push funds back into usd... special position of usd.
i am more looking forward to the 100 to 300% tariffs that are coming... (can ignore the small small 10 to 20% tariff type as those have smaller impact)... wanna see what the FED does when consumer good prices spike... once upon a time, the FED justify low rates cos they claim inflation was caused by supply shock... I wonder what web FED will spin with tariffs... is it supply or demand shock? lol

for all we know, this is a smart way from donald to curb the american's infinite appetite to consume and achieve a balance trade for america.

Lol. Even BNM also become fortune teller and forecaster.
I wonder if ringgit will appreciate without any interest rate hike.

edit: so sorry.... i read wrongly... its BMI, not BNM

This post has been edited by Wedchar2912: Jan 6 2025, 07:56 PM

ai yah... my fault.... i thought I read BNM....

better check my eye sights for lou fah gan....i think I am of that age already for it to start...

US inflation heading up it seems with Donald in charge.
My inflation doesn't matter at all with Madani in charge.

Some more Donald is trigger happy with tariff.

i saw the super simple calculator on sunwaymoney website...

would you know if the rate shown there the all in rate, or still missing small items like transfer fee?

This post has been edited by Wedchar2912: Jan 22 2025, 10:51 PM

cool... tq for the help with the comparison...

yeah, looks like may as well do the free signup first...

just to add and share sampling points...

indeed sunway money provided the best price amongst wise, sunway and money match.
The good thing is the difference is not much. all within 5 ringgit when converting 1K SGD.