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Stock Market V13, Stock Market Chat, Traders and Investors Chit Chat
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panasonic88
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 May 28 2008, 11:32 AM
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20k VIP Club
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QUOTE(cherroy @ May 28 2008, 11:26 AM) Got park some temporary fund/FD into Forex FD since last year 1Q. Last few months also put some more into them. I experience the pain seeing RM depreciated from USD2.50 to 4.10 during 1997-1998. So personally see the importance the diversification of FD. Also AUD and NZD yield 7-8% which is significantly higher than 3.7% of RM. In long run, it might mean a lot. I don't see RM can be very strong currency either in the long run with gov deficit keep on growing, at least for current economy condition. Yes, it can appreciate against USD, but not against others major currency. Just my personal preference/view. ohhhh, something new for me. thanks for sharing  QUOTE(AdamG1981 @ May 28 2008, 11:27 AM) No, the RM is plunging due to the uncertainty of the economy. But many foreign funds will offload their malaysian equity investments for more lucrative market such as commodities and other emerging economies. ermmm noted that. |
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kinwawa
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May 28 2008, 11:40 AM
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u can always put ur money into foreign currency FD ma....but note the exchange rate when change back to RM......u will lose some....
waiting to buy sapcres@1.35, genting@5.55, pbbank@11.2, maybulk@3.86, MSNIAGA@1.88
if got any inform me ya hehehehhee.....lately seldom monitor la...since its bearish no point looking at the counters....doesn't change much..... time to concentrate on saving moneys n wait for bargain/cheap buys when opportunities aries! hehehehe
This post has been edited by kinwawa: May 28 2008, 11:40 AM
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panasonic88
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May 28 2008, 11:43 AM
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20k VIP Club
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lol pbbank 11.20 that is my cost  |
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kinwawa
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May 28 2008, 11:49 AM
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QUOTE(panasonic88 @ May 28 2008, 11:43 AM) lol pbbank 11.20 that is my cost is it??? i tot u bought quite long liao??? Mine is 10.1 only wor  |
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cky80
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May 28 2008, 11:51 AM
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mine 8.60 only  |
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neverlog
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May 28 2008, 11:53 AM
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QUOTE(cky80 @ May 28 2008, 11:51 AM) mine 8.60 only my is 12.50 !! |
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panasonic88
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May 28 2008, 11:54 AM
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20k VIP Club
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wahh so nice, i didnt average down when PBBANK come to 9.30 in March this year. hehe, buy price is not important to me, but buying a good company is. |
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kinwawa
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May 28 2008, 12:00 PM
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yaya...tat's y i dun mind 'average up' by buying at 11.2! hahahahhahaa.......gila o not????
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Mikiyo
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May 28 2008, 12:25 PM
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Suddenly got 1000lot queue for SAPCRES..got news? and now its gone =.=
Added on May 28, 2008, 12:26 pmand its back =.=!
This post has been edited by Mikiyo: May 28 2008, 12:26 PM
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panasonic88
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May 28 2008, 12:30 PM
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20k VIP Club
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QUOTE(Mikiyo @ May 28 2008, 12:25 PM) Suddenly got 1000lot queue for SAPCRES..got news? and now its gone =.=
Added on May 28, 2008, 12:26 pmand its back =.=! it is Oreo. "now you see, now you don't"  |
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verbatim
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May 28 2008, 12:34 PM
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QUOTE(panasonic88 @ May 28 2008, 12:30 PM) it is Oreo. "now you see, now you don't" Its chipsmore, pana.. hahahaha Sapcres.... oh Sapcres... no more bullets leh...  |
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kurt
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May 28 2008, 12:34 PM
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Getting Started
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Guys, YTLPOWER, top 5 vol.
Any news on this?
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chen9wei
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May 28 2008, 12:48 PM
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is it time to enter IOIcorp now ? Since no negative news for the company, i think the downtrend is caused by the bearish market .
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cherroy
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May 28 2008, 12:58 PM
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20k VIP Club
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QUOTE(kinwawa @ May 28 2008, 11:40 AM) u can always put ur money into foreign currency FD ma....but note the exchange rate when change back to RM......u will lose some.... You can get away with the commission charge through DCI investment. Putting Rm100K into AUD, can mean extra 3-4k pa. aka extra RM300 pocket money per month already. But yes, you are exposed to currency risk. So by no mean it is risk free. Just sharing information and personal opinion. |
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AdamG1981
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May 28 2008, 01:00 PM
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I won't suggest to buy just yet. Wait for a further drop in blue chips counter before going in. It's still early.
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achcmy
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May 28 2008, 01:01 PM
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Getting Started
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QUOTE(AdamG1981 @ May 28 2008, 01:00 PM) I won't suggest to buy just yet. Wait for a further drop in blue chips counter before going in. It's still early. Yeah.. I second that.. The thing for now is it's no longer about the price but the timing... Where do you guys think would be the next resistance level for KLCI? |
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AdamG1981
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May 28 2008, 01:02 PM
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QUOTE(cherroy @ May 27 2008, 09:58 PM) You can get away with the commission charge through DCI investment. Putting Rm100K into AUD, can mean extra 3-4k pa. aka extra RM300 pocket money per month already. But yes, you are exposed to currency risk. So by no mean it is risk free. Just sharing information and personal opinion. I am looking forward for RAB to increase IR by another 0.5 basis points, or 2 more IR increase. SO, buying the aussie dollar now and hold till the end of this year will earn a much better rate of return compare to buying equities in Malaysia. Just my 2 cents. |
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achcmy
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May 28 2008, 01:06 PM
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Getting Started
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QUOTE(AdamG1981 @ May 28 2008, 01:02 PM) I am looking forward for RAB to increase IR by another 0.5 basis points, or 2 more IR increase. SO, buying the aussie dollar now and hold till the end of this year will earn a much better rate of return compare to buying equities in Malaysia. Just my 2 cents. Based on latest currency rates i got from HL Bank and Public Bank, you can get around 7.2% per annum. So for RM100k investment, that would be roughly around RM7k after minus admin charges...
Added on May 28, 2008, 1:08 pmQUOTE(cherroy @ May 28 2008, 12:58 PM) You can get away with the commission charge through DCI investment. Putting Rm100K into AUD, can mean extra 3-4k pa. aka extra RM300 pocket money per month already. But yes, you are exposed to currency risk. So by no mean it is risk free. Just sharing information and personal opinion. What is DCI investment? This post has been edited by achcmy: May 28 2008, 01:08 PM |
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howszat
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May 28 2008, 01:14 PM
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QUOTE(AdamG1981 @ May 28 2008, 01:02 PM) I am looking forward for RAB to increase IR by another 0.5 basis points, or 2 more IR increase. SO, buying the aussie dollar now and hold till the end of this year will earn a much better rate of return compare to buying equities in Malaysia. Just my 2 cents. You mean RBA? Yeah, I think the RBA may hold or increase, whereas the RBNZ could decrease the rate, so beware of the NZD. Though the Aussie exchange rate may already have the expectations built in. |
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achcmy
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May 28 2008, 01:18 PM
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Getting Started
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QUOTE(howszat @ May 28 2008, 01:14 PM) You mean RBA? Yeah, I think the RBA may hold or increase, whereas the RBNZ could decrease the rate, so beware of the NZD. Though the Aussie exchange rate may already have the expectations built in. Question: If i put rm10k into NZD FD today @ 8.2% per annum for 12 months and next month Central Bank of NZ decrease the rate, I would not be affected, right? |
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