Feb 14 2025, 12:27 PM
QUOTE(Paradigmata @ Feb 14 2025, 09:59 AM)
So I got like 500k ringgit in liquid form..
Looking at msia economy and devalue in terms of usd.
I figure it's better to park in usd or sgd
Easiest way is to buy sgd and bank in my sg cimb account
But I live in penang, quite difficult,
Another way is I wise transfer to my ibkr but transaction is 0.2%, later change back ringgit again 0.2%?
Is there any other way?
If you are going to park your ringgit overseasLooking at msia economy and devalue in terms of usd.
I figure it's better to park in usd or sgd
Easiest way is to buy sgd and bank in my sg cimb account
But I live in penang, quite difficult,
Another way is I wise transfer to my ibkr but transaction is 0.2%, later change back ringgit again 0.2%?
Is there any other way?
Rule 1
1. Don't itchy hand convert here and there. Treat your money as one way ticket, not going to come back Malaysia for few years. Make it minimum of 10 years. The exchange rate movement can kill you in you think short term (within 1y)
Rule 2
2. Don't put in bank account. They are not earning you any returns. Please put it to work.
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