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.

Dump into ASM first boss... Got ASM 1 & 3 available now...
Can dump as much you want...
200mil won't be finishing anytime soon

Then slowly move to EPF yearly 👌

That was me hahaha

Jpo and geng went all out. Only 1 dissent so at least i got one supporter la in Fed lol.

Those change at 4.80 , 18% down just like that. Hmmm

Hehe some day when you retire, you have to bring them back...

Some day... some year away...

Convert couple thousands at The Arcade and bring cash back every time you visit SG... or convert bit by bit back haha

So u put money oversea , but you don’t use that money and don’t have plan to migrate …

One old uncle forumer here used to give me advice 15 years ago  - invest in foreign currency only if you plan to migrate , otherwise forget about it

He migrated btw and he advised  me to put in PNB and EPF.

Actually my focus is finding quality companies that can grow their dividends min 15%p.a regardless of where they are. That means if I don't do anything, the money will increase automatically by 15%p.a every year until the company cant. Tell me which employer can give you 15%p.a raises every year?

I am heavy in US because that is the only place I can do options to claw back my dividend tax and generate free cash flow faster than dividends can. I am aiming to one day make my dividends = options income.
I open overseas is to avoid paying expensive brokerage fees and markup Forex charges.

he sells covered calls.

In fact I'm doing that for a portion of my portfolio. Every week sell covered calls for $XLK. Last week's profit from covered call is more than enough to cover Sept quarter dividend WHT 30% tax

I don't time. The only thing I try to time are my purchases in the US, Europe market.
Of course I am happy. I earn more USD and SGD per conversion when ringgit is strong. I feel sad when ringgit is so weak.
Wrong idea. When market stabilise, price already move up a lot. But when there are bloods on the street even if it is your blood. The bloodier the better.

That's why I invest for cash flow. Money coming in every week regardless of market.  Market up, keep warchest. Market down start deploying warchest. Money coming in weekly will slowly replenish the warchest or use directly to buy stuff.

My wealth so far have been make by buying the freaking dip.
I see the fundamentals. If country focusing on religious how to progress forward. Recent news of closing down casino will make lots of people jobless if materialised. Just look at Kelantan, Trengganu. That is good example. Will green wave come? I think matter of time to be honest.
Sell options. Options is not tax by US for foreigners.
So eg, you have dividend of USD100 and tax of USD30, I can earn premium by selling options for USD30/week. So in 1 week, I already claimed back the dividend tax.
In 1 year, that is USD1560. More than the dividend taxed by US govt.

he also sells puts...

so instead of buying stock at 5... he sells a put at say strike price 3, and collects premium say 100

if prices go up... he keeps the 100...

if prices go down...  he is forced to buy at 3 but keeps the 100...  he then switch to selling calls...

this way can profit without chasing the market, and buys at the lower price he is willing to pay...

rinse n repeat a few times, soon you can earn a good living doing this part time...

his usd is reserved as collateral not sitting idle...  if one has a big enough usd account, it can earn interest too...

Thanks, but can't do options in MY, must open account in SG & heard must have SG phone number.

https://www.freemalaysiatoday.com/category/...s-rm4-19-level/

Support level expected @ 4.07 💪

I need MYR to recover to 2.2 level so I can liquidate my entire MYR holdings in MBB Malaysia. Sitting on paper losses for decades.

If not mistaken, $BIL will deduct 30% WHT and refund you next year. T-bill purchase no WHT. This I'm sure TOS will fact check

Next time can ping me like this TOS

You type '@TOS' with square brackets around it.

Yea, the cheapest way to park your funds in IBKR is just use BIL ETF. Park all your USD save for a couple of dollars for commissions in BIL ETF. Withdraw anytime during US premarket/aftermarket or during normal trading session then you can use it to purchase any US stocks/ETFs instantaneously, even with cash account, no need for T+1 settlement unless you need to withdraw the money out of IBKR account into say, your USD bank accounts.

Try to avoid fractional shares with BIL ETF yea... At worst, you will leave behind some 90ish USD as cash in your IBKR account. Fractional shares for stocks with 4 digits share prices are easier to trade, but for double digit unit price like the case of BIL ETF it's a hassle to buy and sell. After all, your goal is short-term liquidity management here...

As for tax, indeed as Medufsaid said, there is a 30% WHT when BIL credit the dividends to you every month, but around early February of the following year, IBKR will reverse the WHT and refund you the money in your USD cash account.

The expected return of BIL ETF is about 20 basis points below the 1-2 month US T-bill yields, mainly due to the 0.14% management fee charges from SSGA and another 0.05% from the lost in interests on interests due to the 30% withholding tax.

*In case you wonder how to compute the lost in interests on interests... here's the maths:

Assuming you start in February in year 0, you lose 5%/12 * 30% WHT * 5% , the second 5% being the interests on interests. In March, you lose 5%/12 * 30% WHT * 5% * (11/12), now you lose (11/12) of the annual interests on interests (you only got 11/12 of a year left to compound your interests on interests until next year's February, when IBKR refund you the 30% WHT), but the capital remains the same, i.e., 5%/12 month * 30% WHT. So the total opportunity cost, in simple interest terms, to first order effect (we ignore interests on interests on interests and .... on interests...  and... ), the sum of series is 5%/12 * 30% WHT * (1/12) * (12+11+10+...+1) = 0.04% p.a.

Do correct me if my maths is wrong... my head is spinning all over the place writing my PhD qualifying exam report...

rhb has the best rate but to open acc you need rm20 for the debit card

wise is probably next best option... low spread but higher fees

other method you need to jump through hoops... usd acc to ibkr... convert to sgd... ibkr withdraw sgd to cimb sg... cimb sg convert to myr send to cimb my...

You are not the only one buying. I have also bought. Use the premium earned to load up on strong companies like Salesforce, linde, Palo alto, servicenow, CNQ, ODFL, MasterCard,.workday.

Market up or down I will still be generating premiums on weekly basis. Maybe not high but as long as over my target of USD500/week is good enough for me.

My premium since last year have been min USD500/week.

I focus on quality companies and cash flow investing. Recession or not, especially earnings maybe decrease but they will survive. Collect money every week and reinvest when opportunities come.

really? your view is BNM will hold OPR fixed while FED cuts rates?

i would think BNM will follow Fed in cutting rates actually.

headache...
should be damn happy cos my networth in usd is up like 15%....
but in myr terms, it is only up like 8%....

stupid King T....