I believe sgd will head to 4.6

Starting to shift my funds to sgd.

Mark this post and recheck in the coming years.

now... BNM keeps saying RM is undervalued.

is it possible that it is actually overvalued now?!

i mean the huge subsidies been helping, no?

if that is gone, like u said, no need economists to tell u what's gonna happen!

or... the market has already partially factored in the "subsidy removed" scenario, hence the decline in last few months?

so, can we guess the result when the whole subsidy removal thingy is done?

or they might U-turn and keep the subsidies going, "kick the can down the road", as they say?
pegging is not the answer. it will be costly and might lead to a total collapse in the end:
https://www.freemalaysiatoday.com/category/...rotect-ringgit/

If you buy subpar companies and average down, that's a stupid move.

If you buy high quality companies with no debts and gross profit margin of money 40% for past 3 and 5 years and increasing dividend payout at 15%p.a, cannot go wrong  I don't do S&P500 but I walk the the talk and not just NATO. I buy companies with the above criteria regardless where they are.

I learnt from not one teachers and one of them is buffet. He said don't against the American economy and the S&P500. He is right.

I will come back after 10 years and see who is right.

I convert my epf balance to usd and feel richer.