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Short term investment
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Ramjade
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 Nov 29 2023, 05:21 PM
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QUOTE(vin6 @ Nov 29 2023, 04:45 PM) Well, that's up to you - but stating OPR will not be raised in the next few years sounds illogical as well. So I rather just wait and see. That I proposed Ts wait and see as well. What was your Suggestion again to TS? May be you can shed some light whats the best current short term investment? BNM got no balls to increase interest rate. Even Indonesia and Philippines central bank increase interest rate. |
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xander2k8
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Nov 29 2023, 05:49 PM
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QUOTE(vin6 @ Nov 29 2023, 04:45 PM) Well, that's up to you - but stating OPR will not be raised in the next few years sounds illogical as well. So I rather just wait and see. That I proposed Ts wait and see as well. What was your Suggestion again to TS? May be you can shed some light whats the best current short term investment? I think you are daydreaming a lot 🤦♀️ history has shown already 🤦♀️ https://www.bnm.my/monetary-stability/opr-decisions3.5% last reach was Oct 2008 🤦♀️ that was when before GFC and they cut to 2% and raise it later to 3% in May 2011 when the economy recovers and never gone past 3.25% until pre pandemic when it was 3% and they cut to 1.75% which is the lowest they can go 🤦♀️ and history shows a pattern that BNM with govt interference will not want to raise past 3% so you keep on daydreaming because the cut might happen next year instead when the Feds start cutting aggressively and BNM will follow pat with at least 2 cuts to match them 🤦♀️ The best for him with his risk tolerance and worried too much just put into Versa, GX Bank and KDI mixture |
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xander2k8
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Nov 29 2023, 05:50 PM
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QUOTE(Ramjade @ Nov 29 2023, 05:21 PM) BNM got no balls to increase interest rate. Even Indonesia and Philippines central bank increase interest rate. You are right 👏 BNM has balls while letting RM depreciate 🤦♀️ as you can see now Indonesian and Phillipines are strengthening against USD while RM still hanging around in the high 4.6 range |
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vin6
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Nov 29 2023, 06:36 PM
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Getting Started
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QUOTE(xander2k8 @ Nov 29 2023, 05:49 PM) I think you are daydreaming a lot 🤦♀️ history has shown already 🤦♀️ https://www.bnm.my/monetary-stability/opr-decisions3.5% last reach was Oct 2008 🤦♀️ that was when before GFC and they cut to 2% and raise it later to 3% in May 2011 when the economy recovers and never gone past 3.25% until pre pandemic when it was 3% and they cut to 1.75% which is the lowest they can go 🤦♀️ and history shows a pattern that BNM with govt interference will not want to raise past 3% so you keep on daydreaming because the cut might happen next year instead when the Feds start cutting aggressively and BNM will follow pat with at least 2 cuts to match them 🤦♀️ The best for him with his risk tolerance and worried too much just put into Versa, GX Bank and KDI mixture Day dreaming lol --- simply speculating is even worst. Trying to based the market merely based on history is really doesn't work . Things are different now... no GOV can survive without increasing rates that's why opinion . So yeah. Continue your own dreamland. Im not here to call names and exchanged opinions. Merely giving reason to TS only BTW - All investment you stated -- NON of it covered by PIDM -- but FD is....so really up to Ts to choose. |
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xander2k8
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Nov 29 2023, 07:11 PM
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QUOTE(vin6 @ Nov 29 2023, 06:36 PM) Day dreaming lol --- simply speculating is even worst. Trying to based the market merely based on history is really doesn't work . Things are different now... no GOV can survive without increasing rates that's why opinion . So yeah. Continue your own dreamland. Im not here to call names and exchanged opinions. Merely giving reason to TS only BTW - All investment you stated -- NON of it covered by PIDM -- but FD is....so really up to Ts to choose. History repeats itself in Malaysia 🤦♀️ as BNM is dictated by it and market has shown it already as it keeps on repeating itself since RM was released from the currency exchange green in the late 80s 🤦♀️ as you wouldn’t know because you will never understand and learnt from it as local bankers are not as smart as what you think as they are more vultures No investment is covered by PIDM in the 1st place 🤦♀️ as only savings and FD are covered by it 🤦♀️ as you cannot it as investment but savings bonus which GX is covered by PIDM itself 🤦♀️ |
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