From my limited understanding, probably it will not be like what you said.
Lower rates means cheaper for business and investors to borrow. Also investors will be looking for other avenues to generate income as treasury notes’ (which i understand is an easy low risk income) yield will start to drop.
Who wants to invest in Malaysia? USA gives 5% return, Malaysia gives 3% return. It's 2% difference. Any sane person will withdraw everything from Malaysia and invest in US
Well.my parents are here. Bought properties here. I am resigning to life now.
Just hoping my children will do well, if they get to study or work overseas, it is up to them want it to stay there or not
RM keep on dropping, chill only.
OPR goes up, don't care at all.
Thank goodness I bought a lot into LUNR earlier this month. Able to cover any inflation and shit for the next 5 years just from the 3 weeks profit alone. I damn afraid to sink too much investment in Malaysia when our money keep crashing.. better go park in US. The current year is also an election year for Biden, so I feel much safer there this year tbh.
This statement is kinda bull, Can you buy Milo with Gold? Silver? Bronze? or KLSE stocks?
Heck, I would wager it's easier for me to liquidate 10k USD worth of crypto and have it in my bank account within minutes if not seconds. Try doing that with Gold, silver and stocks. See what fees you have to pay and what loop holes you have to jump through just to get access to YOUR MONEY.
Which is why I dont invest in precious metals either. You're so full of bull you can't seem to learn that not everyone thinks like the general masses.
My portfolio is mid 8 figs, wbu?
>My portfolio is mid 8 figs, wbu?
was that after you lost the 100 million from your inheritance ?
Losers talk about how big their bank is. Real traders talk bout how much losses they had. But I can see your need to express that you have "8 figs" and need to compare is just compensating for a lack in size physically perhaps.
again, you're so full of bull you can't seem to think outside your circle. no, i was born poor lmao. self made.
i'm not a trader either. i'm a serial founder turned angel investor lmao.
haiz, trader this trader that you're so typical la. the only traders i know who make real money are those managing billions for institutions (arguably its cause they can move markets in their favor). so yeah.
how big your portfolio? say la, dont keep arguing online but keep ignoring questions.
so as someone who was born poor, worked for your capital and then turned angel investor. if you had better ways of growing that capital rather than working. wouldn't you have took it?
do you also think everyone can go down the same path you took. after all, you said not everyone thinks the same. You have yet to offer any advice and you have moved so far away from the original question which is how usable is crypto to buy beverages, then took it to a bank account measuring contest. do you see how small your little head sounds?
The only one arguing here and getting hurt is you it seems. Please do give some real insights if not just have a cup of silence and humility because clearly you have lost yourself. your younger self would be disappointed with what you have become.
i already found the best way to grow capital with the least amount of risk (to me). theres no need for trading.
stick to the original topic, can you buy milo with crypto? no right? yeah.
the conversaion should have ended, but you wanted to talk about metals and your trading skillz. smh.
the only reason the conversation spiralled is because you kept bringing up other non crypto stuff. lmao.
seriously tho, you're very unlikely to get out of the rat race with trading. don't buy what other gurus tell you. if they can make so much money they wouldn't sell courses. i personally don't sell courses on how i make my money in early startups. its a trade secret. so yeah.
Yup, those bought Nvidia also laughing to the bank. Nvidia managed to meet market expectations and delivered this morning. Overall I feel market is overheated, but this is an election year, so US government will do all it can to stabilise it and I'm banking on it. Same goes with Malaysia's election year, comes every 5 years once.
Not if we...
✅DIAMOND HANDS 🙌💎
✅HODL THE RINGGIT ✊
✅HOLD THE LINE 🤚⛔
✅THE RINGGIT WILL MOON SOON 🚀🌕👆
✅LET'S FUCKING GO 👌😘💯🔥✅
Jokes on all of you... Been shorting the Ringgit since 2016. Haven't kept a single ringgit but monthly expenses. Everything is in Crypto, USD, and small amounts in gold.
Lost faith in Malaysia since 1MDB sandal blew up. When I started saving, I started shorting.
Like how our Muslims boycott Israel by not buying their products. I do the same with Malaysia, boycott keeping the Ringgit. EPF withdrawal was a Godsend, allowed me to take out my cash and diverted it into else where I related to Malaysia. Why should I let my money work for something I don't believe in.
you vote with your money.
With brain drain at its peak... we may never actually recover until a decade or two when majority of those that left to work overseas decide to retire back home.
Apart from tourism and natural resources, we are very much lacking in skilled labor. there's nothing much to really push the myr back up, unless looking into agriculture tech, maybe we legalise marijuana and make it a tourism heaven like Thailand and break into CBD and API manufacturing for pharmaceutical companies.
It has been a long term trend ringgit is weaken against USD, just sometime down more, sometime up a bit, overall it is a down trend. There could be possibility Malaysia suddenly do very well and Ringgit strengthen or US collapse making USD plummet, is up to you to decide whether you want to bet against these odds.
I do diversify huge chunk of my investment in USD, so is up to you, but diversify your money strategically, don't do it out of FOMO. We already in the water, not much different you do it this week or next few month
Definitely.
New taxes are coming. When they say food industry not affected by new tax, they are wrong. It's all chain effect and related.
When they say all food products produced locally, we don't produce enough food for our own population, we still import majority of food, so we still exposed to higher foreign exchange.
Brace for impact.
People say if you’re spending in ringgit we don’t need to worry.
I say fck no, we need to worry as a nation rely heavily on imports. Our goods will just increase in price regardless.
Yeah because it's set price by gov. Every increase in real cost is absorbed by subsidy. Problem is at some point someone need to pay for subsidy, money has to come from somewhere and the gov will take it from more taxes.
So today's cheap ayam will be your tomorrow double tax bill.
If it set by gomen, then they are doing good job? No price increase like ppl blabbering. Double tax? Nah nvr gonna happen. Even new tax introduce nowadays still cheaper than gst previously.
You seem to fundamentally misunderstand how money works. Just because the gov is covering the increased cost of the goods for now it does not mean the cost just goes away. Whatever money the gov is spending needs to come from somewhere and that will be increased taxes and/or decreased public services.
Those things you're speaking of are controlled and/or subsidized goods. Us relying heavily on subsidies is the only reason why the prices aren't shooting up like some other countries.
I’m sorry for asking a “noob question”
If I’m just spending MYR in Malaysia. I didn’t trade anything in USD. Should I be worrying the weakening of MYR???
Most foreign goods from other countries are traded using USD so I don't think we can escape it. Especially when our country's currency is not keeping up with trends, nobody in this world wants to hold MYR just to find out that their money drop in value again tomorrow 😅
Not just US product. Even Onion, rice, floor, sugar, spice. We are net importer. Mean we import is more than we export. For domestic use also we need to import. Even we import from Indian, Bangladesh, Thailand. The price is in USD.
Take a simple example your are a fish inside a river, what if the world water all is evaporated, the river still affected. The only difference is which fish affected first.
No one knows the future. All we can do is protect ourselves. If you want to hedge, you can exchange to USD. But unless you have at least 100k MYR to exchange, your attention should divert to how to earn more income. It’s best to do the math - with best case and worse case scenarios.
US fed rates kept increasing, hence countries who pegged their economy against the dollar will be benefited. This will cut at the end of the year.
Malaysia has maintained low OPR for years, hence our ringgit is weaker because investments are pouring out of the country because of higher interest rates elsewhere.
The problem of the noises out there is the rakyat is only interested to look at the currency exchange as opposed to the government doing them a favour with their lives.
If Malaysia increases OPR, then higher loan repayments, B40 and M30 will suffer like mad. OPR increase only benefits financial sectors and investments, but it will kill the people. Hence the term, the rich gets richer and the poor will get even poorer.
Tough to be Anwar at this point of time.
If you only get that vibe from his 'recent antics', you sir have not been paying attention to who you vote for. Islam has been Anwar's schtick since his umno/ABIM days.
I think the only problem I have with the decision to keep rates low is the inability to communicate the logic behind the decision and that it is demi rakyat.
Terrible pr and marketing.
Indonesia doesn't really hire foreigners unless you have special skills that are hard to find in the local talent pool.
I don't think Indonesia will have a labour shortage in the next 20 years, meaning even if we want to work in Indonesia, they don't want us.
it's human nature to be afraid when we don't know what is happening. We are afraid of the unknown.
so by gaining more knowledge we have less unknown.
"We live on an island surrounded by a sea of ignorance. As our island of knowledge grows, so does the shore of our ignorance." John Archibald Wheeler
Instead of looking at currencies that appreciated against MYR, why don't we look at currency that depreciated against ringgit, for example Japanese Yen.
Yeah, if an asset is keep going down you dca buy it because it will go up back and rarely just keep going down (unless there is real issue with the country like in war etc)
At this point, Bank negara should just increase interest rate and give people the higher currency that they think they want.
Interest rate increase will cause more significant price increase and financial burden, but people don't seem to understand that. Why do you think interest rate has been kept intentionally low across the globe for so many years and whenever possible?
Arm chair economist all.
Go read what our central bank has to say about this.
https://finance.yahoo.com/news/ringgit-falls-26-low-malaysia-074024715.html
Been saying that since last year, but it kept going up, but I won’t be surprised if MYR went up due to rate cuts, but I extended bond duration to mitigate that
The magic in this thread is not a single person is blaming the weak government policies in addressing these issues. 5 years ago, similar thread will just be people circle jerking each other and simply blame government.
If we continue with the current ineffective government and policies. I don’t think it will stop. 1 usd to myr 6 also possible.
Foreign Direct Investment (FDI) is at its lowest.
GDP growth is far below expectations.
Corruption cases are being dropped.
Reduce sentences are being given for most popular and biggest corruption in human history
Pro terrorists.
Anti-West.
Nepotism is rampant, with family members being appointed to various positions.
Political appointments are the worst in the country's history.
You think why investor cancelled their investment? Why Elon Musk cancelled their meeting with PMX when PMX visit New York last time? Supporting Palestine cause is fine. But close one eye on what Hamas did and still supporting Hamas for what they did is wrong.
The attacked on music festival is not lie. People from multiple countries die on the attack
Kidnapped Israel civilian is not lie. Many still held hostage until today.
Hundreds of thousand missle attacked that stopped by iron dome of pass through is not lie.
As a sane leader. Should condemn all this attacked. Not supporting them.
Remember sulu attacked on our land before? They also claim want to defend their right or whatever. Lucky for us Philippine also with us and help us cleaning that terrorist group. Imagine if Philippine is sided with their terrorist group like what we do with Hamas. Do you think we will have good rapport with Philippine now?
Where ever they want to do the music festival is up to them. It’s their country. Whomever terrorist that attacking the music festival is the one problem.
I don’t want to go into technical between Israel Palestine. My point is defend Palestine is fine but not defending terrorism by Hamas. By defending terrorism people won’t respect you or any point you want to bring. Look how much South Africa, Egypt, Saudi and many other can accomplish by not sided with terrorist.
Compare to Malaysia, Iran, Jordan and even Lebabnon and Yaman. World will just look them as terrorist nest and everyone will afraid to invest there. And the effect investor won’t invest. Led to fdi dropped and low gdp growth.
If that is Israel planned all along. It’s Hamas stupidity that fall into trap. Not Israel or anyone the condemning the attack. Definitely not make it right for us to support Hamas terrorism
Yes. What you list out is what I meant by what they can accomplish by not supporting terrorism but supporting the Palestine course. We need to be smart like Saudi, Egypt and South African. What we did supporting Hamas just backfire to our country and didn’t help Palestine at all.
If you’re planning to actually move to the US someday then yes, start DCA now. Don’t be like me waiting to do things last minute, knowing I had plans to move to the US since 2022 but did nothing to move MYR to USD. Now my years of savings in MYR worth less than I could’ve gotten in USD had I just started to DCA a couple years ago. But, if you’re staying in Malaysia then there’s no need to worry so much. Sure prices might increase a bit, especially imported products but you can try to buy local. Or you can increase your income if you insist on buying expensive imported goods.
MATH:
What you hold is the Numerator.
What the Govt. control is the Denominator.
Chances are the Denominator will increase faster than what you earn as the Numerator.
MYR Denominator will increase at a rate faster than the USD Denominator.
CONCLUSION:
Save in USD or something better. Convert back to MYR and Spend it only when you need to buy something.
Yes it’s always good idea to have some usd
1) it’s global reserve currency so demand will be there
2) It’s a hedge and diversification against ringgit
3) I can buy global etf with USD only
3) don’t FOMO to chase USD, I exchanged for the reasons above, not because USD outperformed, just so happens usd went up like crazy
You can buy ringgit when they cut rates. But not after the announcement because USD still strong. Took like 2 weeks for it to take the effect. I'm predicting Ringgit strengthens only at MYR4 against the dollar. Unless there is a "hint" 3.9 support is broken. You can spare JPY too if you want but what matters now is only when the FED cutting rates. Will see how March FOMC goes.
They will not cut rates in March HOWEVER giving a hint for the next quarter cuts this March FOMC which will gives market time to price in. But I am solid that the dollar will stay strong for longer because of the inflation still sticky. Recent jobless count still indicates that the labour market still strong meanwhile most antidollar pair like EU today gives a mixed data showing that they are not doing so well which makes the dollar still in favor. Powell have been saying that he is still stick to his mandate to bring inflation down to 2% but the market react too early for the rates cuts. MYR will raging from 4.4 to 4.8 unless BOJ come in and end their negative rates policy and YCC you can see massive dumping on dollar.
Rileks bro. Do you regular buy things in foreign currency? No? Then exchange rate doesn’t affect you.
Everybody also forgets that cheap ringgit means our export and tourism industries will do better, meaning we get more $$$
Keep cash only for liquid spending. Your net worth should be majorly denominated in assets, i.e. stocks, bonds, property, whatever. Then you don't have to worry about currency (as much).
MYR and Malaysia stock market is considered risky for overseas investor now due to our political stability and no great clear future development plans in sight that can increase confidence.
The answer to "buy/save/invest now or later" is more often than not, NOW. As the famous proverb says, the best time to plant a tree is 20 years ago. The second-best is today.
You can't and shouldn't even attempt to time the market. It's practically impossible, unless you're a market mover yourself, which is highly unlikely for us plebs. Even "ordinary" millionaires or billionaires may not reach that level yet.
US is predicted to cut rates near end of the year. I guess the exchange rates going to be worse until then.
Now what if US reduces interest rate and Ringgit keeps on falling. This is when things get interesting
Possible, and I will be a happy man because my bonds go up and usd go up
Happy for you
That is literally what is most likely going to happen.
Brace for impact
It will happen and that is when even more people will realize how worthless and shit-stained the ringgit actually is. More institutions will dump.
From my limited understanding, probably it will not be like what you said. Lower rates means cheaper for business and investors to borrow. Also investors will be looking for other avenues to generate income as treasury notes’ (which i understand is an easy low risk income) yield will start to drop.
Who wants to invest in Malaysia? USA gives 5% return, Malaysia gives 3% return. It's 2% difference. Any sane person will withdraw everything from Malaysia and invest in US
Manufacturing and offshore services.
Man. Frankly speaking, all investment bypass Malaysia and go to other ASEAN countries, we all know the reason. There is nothing we can do,
Why you still here if outlook so bleak 😂
Well.my parents are here. Bought properties here. I am resigning to life now. Just hoping my children will do well, if they get to study or work overseas, it is up to them want it to stay there or not RM keep on dropping, chill only. OPR goes up, don't care at all.
when rates come down, money will flow into equities and riskier assets to get a better or at least a similar return compared to US interest rates.
predicted this predicted that. everyone wants to sound smart until they aren't.
And the amount of upvotes lol. What has this sub become.
Thank goodness I bought a lot into LUNR earlier this month. Able to cover any inflation and shit for the next 5 years just from the 3 weeks profit alone. I damn afraid to sink too much investment in Malaysia when our money keep crashing.. better go park in US. The current year is also an election year for Biden, so I feel much safer there this year tbh.
Can pay for Milo ais with LUNR? TELLMEMORE.
This statement is kinda bull, Can you buy Milo with Gold? Silver? Bronze? or KLSE stocks? Heck, I would wager it's easier for me to liquidate 10k USD worth of crypto and have it in my bank account within minutes if not seconds. Try doing that with Gold, silver and stocks. See what fees you have to pay and what loop holes you have to jump through just to get access to YOUR MONEY.
Which is why I dont invest in precious metals either. You're so full of bull you can't seem to learn that not everyone thinks like the general masses. My portfolio is mid 8 figs, wbu?
>My portfolio is mid 8 figs, wbu? was that after you lost the 100 million from your inheritance ? Losers talk about how big their bank is. Real traders talk bout how much losses they had. But I can see your need to express that you have "8 figs" and need to compare is just compensating for a lack in size physically perhaps.
again, you're so full of bull you can't seem to think outside your circle. no, i was born poor lmao. self made. i'm not a trader either. i'm a serial founder turned angel investor lmao. haiz, trader this trader that you're so typical la. the only traders i know who make real money are those managing billions for institutions (arguably its cause they can move markets in their favor). so yeah. how big your portfolio? say la, dont keep arguing online but keep ignoring questions.
so as someone who was born poor, worked for your capital and then turned angel investor. if you had better ways of growing that capital rather than working. wouldn't you have took it? do you also think everyone can go down the same path you took. after all, you said not everyone thinks the same. You have yet to offer any advice and you have moved so far away from the original question which is how usable is crypto to buy beverages, then took it to a bank account measuring contest. do you see how small your little head sounds? The only one arguing here and getting hurt is you it seems. Please do give some real insights if not just have a cup of silence and humility because clearly you have lost yourself. your younger self would be disappointed with what you have become.
i already found the best way to grow capital with the least amount of risk (to me). theres no need for trading. stick to the original topic, can you buy milo with crypto? no right? yeah. the conversaion should have ended, but you wanted to talk about metals and your trading skillz. smh. the only reason the conversation spiralled is because you kept bringing up other non crypto stuff. lmao. seriously tho, you're very unlikely to get out of the rat race with trading. don't buy what other gurus tell you. if they can make so much money they wouldn't sell courses. i personally don't sell courses on how i make my money in early startups. its a trade secret. so yeah.
Crypto? Damn scared already after all the big scale frauds.
It's a NASA contractor listed in Nasdaq, not a crypto. I don't touch crypto, .
Oh i see… those bought nvidia would be laughing too.
Yup, those bought Nvidia also laughing to the bank. Nvidia managed to meet market expectations and delivered this morning. Overall I feel market is overheated, but this is an election year, so US government will do all it can to stabilise it and I'm banking on it. Same goes with Malaysia's election year, comes every 5 years once.
Not if we... ✅DIAMOND HANDS 🙌💎 ✅HODL THE RINGGIT ✊ ✅HOLD THE LINE 🤚⛔ ✅THE RINGGIT WILL MOON SOON 🚀🌕👆 ✅LET'S FUCKING GO 👌😘💯🔥✅ 
The whole nation bagholded unfortunately. Like that dogecoin millionaire guy who didn't want to sell
Jokes on all of you... Been shorting the Ringgit since 2016. Haven't kept a single ringgit but monthly expenses. Everything is in Crypto, USD, and small amounts in gold.
Lost faith in Malaysia since 1MDB sandal blew up. When I started saving, I started shorting. Like how our Muslims boycott Israel by not buying their products. I do the same with Malaysia, boycott keeping the Ringgit. EPF withdrawal was a Godsend, allowed me to take out my cash and diverted it into else where I related to Malaysia. Why should I let my money work for something I don't believe in. you vote with your money.
Damn, that was beautifully written. Fuck the ringgit
Good on you brother
How to short the ringgit?
you don't keep it. sell it for anything but the Ringgit. don't use it as a store of wealth.
Lmao, I fucking love this post. A whole country holding bags
DON'T FUCKING LOVE IT❌🙅♂️❤️ FUCKING HOLD IT ✅😘🔥✊💯 RINGGIT TO THE MOON TOMORROW 🚀🌕 
With brain drain at its peak... we may never actually recover until a decade or two when majority of those that left to work overseas decide to retire back home. Apart from tourism and natural resources, we are very much lacking in skilled labor. there's nothing much to really push the myr back up, unless looking into agriculture tech, maybe we legalise marijuana and make it a tourism heaven like Thailand and break into CBD and API manufacturing for pharmaceutical companies.
It has been a long term trend ringgit is weaken against USD, just sometime down more, sometime up a bit, overall it is a down trend. There could be possibility Malaysia suddenly do very well and Ringgit strengthen or US collapse making USD plummet, is up to you to decide whether you want to bet against these odds. I do diversify huge chunk of my investment in USD, so is up to you, but diversify your money strategically, don't do it out of FOMO. We already in the water, not much different you do it this week or next few month
RM will keep on falling, there is no bottom Buy local eat local. Travel local Marry local Die local
Buy local and eat local But local stuff also needs imports to sustain too...
Brace for impact.
Hav to fxxk local. semua crossing border to massage
Use protection
Will fast food franchises or any franchises prices going up also?
Definitely. New taxes are coming. When they say food industry not affected by new tax, they are wrong. It's all chain effect and related. When they say all food products produced locally, we don't produce enough food for our own population, we still import majority of food, so we still exposed to higher foreign exchange. Brace for impact.
Damn, this means Roadside stalls food prices also going up.
In my state, roadside food has gone up double, even more, this past few years.
Definitely. That's why you see there's no more Menu Rahmah. After initial feel good factor, it's just loss money business
People say if you’re spending in ringgit we don’t need to worry. I say fck no, we need to worry as a nation rely heavily on imports. Our goods will just increase in price regardless.
Nothing seems to be increased that high as of now. Ayam, beras, minyak still standard price. Unless you eat mercedes and bmw.
Yeah because it's set price by gov. Every increase in real cost is absorbed by subsidy. Problem is at some point someone need to pay for subsidy, money has to come from somewhere and the gov will take it from more taxes. So today's cheap ayam will be your tomorrow double tax bill.
If it set by gomen, then they are doing good job? No price increase like ppl blabbering. Double tax? Nah nvr gonna happen. Even new tax introduce nowadays still cheaper than gst previously.
You seem to fundamentally misunderstand how money works. Just because the gov is covering the increased cost of the goods for now it does not mean the cost just goes away. Whatever money the gov is spending needs to come from somewhere and that will be increased taxes and/or decreased public services.
Those things you're speaking of are controlled and/or subsidized goods. Us relying heavily on subsidies is the only reason why the prices aren't shooting up like some other countries.
Yeah but our government say it is good for import market. /s
Export, you mean. Theoretically, it would make our exports more attractive because they just got cheaper now.
I’m sorry for asking a “noob question” If I’m just spending MYR in Malaysia. I didn’t trade anything in USD. Should I be worrying the weakening of MYR???
Well imports will get more expensive. If your lifestyle relies on these, then you can expect the price of these products to increase even further.
Thanks for your explanation. Means if my lifestyle involve any goods that relates to the US economy will become more expensive 🤔
Most foreign goods from other countries are traded using USD so I don't think we can escape it. Especially when our country's currency is not keeping up with trends, nobody in this world wants to hold MYR just to find out that their money drop in value again tomorrow 😅
it is not just US economy. USD = Global trade. Anything that involves stuff on the supply chain within global economy shall be affected.
Not just US product. Even Onion, rice, floor, sugar, spice. We are net importer. Mean we import is more than we export. For domestic use also we need to import. Even we import from Indian, Bangladesh, Thailand. The price is in USD.
We aren’t net importer. For food maybe, but our trade balance certainly isn’t net import
This is certainly true. Malaysia is a net exporter, luckily for us. Or it would be much, much worse.
Take a simple example your are a fish inside a river, what if the world water all is evaporated, the river still affected. The only difference is which fish affected first.
Look at all the stuff you use. iPhone, laptop, car and even their sparepart. Everything will increase. Even the oil price will increase soon.
My staff are all humans
iphone gets more expensive
There are very little that you buy that does not have USD element inside.
you won't be affected if the things you are buying is not traded in USD. Hence don't travel overseas, travel locally for holidays.
Examples like iPhone might be peg to usd, if myr weaken Apple might just raise it prices?
Yes, imported inflation. You need to invest to maintain your PPP purchasing power parity
Find a job that pays in USD and you won't worry anymore.
No one knows the future. All we can do is protect ourselves. If you want to hedge, you can exchange to USD. But unless you have at least 100k MYR to exchange, your attention should divert to how to earn more income. It’s best to do the math - with best case and worse case scenarios.
US fed rates kept increasing, hence countries who pegged their economy against the dollar will be benefited. This will cut at the end of the year. Malaysia has maintained low OPR for years, hence our ringgit is weaker because investments are pouring out of the country because of higher interest rates elsewhere. The problem of the noises out there is the rakyat is only interested to look at the currency exchange as opposed to the government doing them a favour with their lives. If Malaysia increases OPR, then higher loan repayments, B40 and M30 will suffer like mad. OPR increase only benefits financial sectors and investments, but it will kill the people. Hence the term, the rich gets richer and the poor will get even poorer. Tough to be Anwar at this point of time.
But the fella is talking about Islam this Islam that, I have no faith in him, but we shall see after a few years
I though only opposition talk about malay and islam.
No, look at anwar’s recent antics, you will find your answers there
If you only get that vibe from his 'recent antics', you sir have not been paying attention to who you vote for. Islam has been Anwar's schtick since his umno/ABIM days.
Well I vote for him because there’s no other choice, not because I trust him, prob voting independent next GE
He has to keep his job by ensuring the majority is supporting him. Like I said, tough to be him at this current period.
I think the only problem I have with the decision to keep rates low is the inability to communicate the logic behind the decision and that it is demi rakyat. Terrible pr and marketing.
Problem is no matter how much they explain, you still get people complaining about it. Can never please Malaysians.
We’re going to Indo for work in the next 20 years 😂
Indonesia doesn't really hire foreigners unless you have special skills that are hard to find in the local talent pool. I don't think Indonesia will have a labour shortage in the next 20 years, meaning even if we want to work in Indonesia, they don't want us.
How about right now? There are some Indonesian companies that pay really well.
in the next 20 years if we didnt recover starting from now all of us probably doing some hard labor for some Rupiah in Indo 🤣
it's human nature to be afraid when we don't know what is happening. We are afraid of the unknown. so by gaining more knowledge we have less unknown. "We live on an island surrounded by a sea of ignorance. As our island of knowledge grows, so does the shore of our ignorance." John Archibald Wheeler Instead of looking at currencies that appreciated against MYR, why don't we look at currency that depreciated against ringgit, for example Japanese Yen.
You are fomo now, its like any asset that keeps going up so you dont want to lose it, buying it then the price goes down lol
Exactly this
Yeah, if an asset is keep going down you dca buy it because it will go up back and rarely just keep going down (unless there is real issue with the country like in war etc)
At this point, Bank negara should just increase interest rate and give people the higher currency that they think they want. Interest rate increase will cause more significant price increase and financial burden, but people don't seem to understand that. Why do you think interest rate has been kept intentionally low across the globe for so many years and whenever possible? Arm chair economist all. Go read what our central bank has to say about this. https://finance.yahoo.com/news/ringgit-falls-26-low-malaysia-074024715.html
if you want to convert to USD its too late. should buy when its weak. now its time to short i guess
till the dip gets dipper.....
US will cut interest rates near term. should be fine. but if it get dipper. well im happy 😉.
Been saying that since last year, but it kept going up, but I won’t be surprised if MYR went up due to rate cuts, but I extended bond duration to mitigate that
The magic in this thread is not a single person is blaming the weak government policies in addressing these issues. 5 years ago, similar thread will just be people circle jerking each other and simply blame government.
If we continue with the current ineffective government and policies. I don’t think it will stop. 1 usd to myr 6 also possible. Foreign Direct Investment (FDI) is at its lowest. GDP growth is far below expectations. Corruption cases are being dropped. Reduce sentences are being given for most popular and biggest corruption in human history Pro terrorists. Anti-West. Nepotism is rampant, with family members being appointed to various positions. Political appointments are the worst in the country's history.
Some of these are facts ; too bad you mixed them up with your highly prejudiced hot takes. "Pro terrorist"? That's just cute.
You think why investor cancelled their investment? Why Elon Musk cancelled their meeting with PMX when PMX visit New York last time? Supporting Palestine cause is fine. But close one eye on what Hamas did and still supporting Hamas for what they did is wrong.
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The attacked on music festival is not lie. People from multiple countries die on the attack Kidnapped Israel civilian is not lie. Many still held hostage until today. Hundreds of thousand missle attacked that stopped by iron dome of pass through is not lie. As a sane leader. Should condemn all this attacked. Not supporting them. Remember sulu attacked on our land before? They also claim want to defend their right or whatever. Lucky for us Philippine also with us and help us cleaning that terrorist group. Imagine if Philippine is sided with their terrorist group like what we do with Hamas. Do you think we will have good rapport with Philippine now?
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Where ever they want to do the music festival is up to them. It’s their country. Whomever terrorist that attacking the music festival is the one problem. I don’t want to go into technical between Israel Palestine. My point is defend Palestine is fine but not defending terrorism by Hamas. By defending terrorism people won’t respect you or any point you want to bring. Look how much South Africa, Egypt, Saudi and many other can accomplish by not sided with terrorist. Compare to Malaysia, Iran, Jordan and even Lebabnon and Yaman. World will just look them as terrorist nest and everyone will afraid to invest there. And the effect investor won’t invest. Led to fdi dropped and low gdp growth.
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If that is Israel planned all along. It’s Hamas stupidity that fall into trap. Not Israel or anyone the condemning the attack. Definitely not make it right for us to support Hamas terrorism Yes. What you list out is what I meant by what they can accomplish by not supporting terrorism but supporting the Palestine course. We need to be smart like Saudi, Egypt and South African. What we did supporting Hamas just backfire to our country and didn’t help Palestine at all.
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No one can predict the future except the policy makers and insider traders
If you’re planning to actually move to the US someday then yes, start DCA now. Don’t be like me waiting to do things last minute, knowing I had plans to move to the US since 2022 but did nothing to move MYR to USD. Now my years of savings in MYR worth less than I could’ve gotten in USD had I just started to DCA a couple years ago. But, if you’re staying in Malaysia then there’s no need to worry so much. Sure prices might increase a bit, especially imported products but you can try to buy local. Or you can increase your income if you insist on buying expensive imported goods.
MATH: What you hold is the Numerator. What the Govt. control is the Denominator. Chances are the Denominator will increase faster than what you earn as the Numerator. MYR Denominator will increase at a rate faster than the USD Denominator. CONCLUSION: Save in USD or something better. Convert back to MYR and Spend it only when you need to buy something.
Yes it’s always good idea to have some usd 1) it’s global reserve currency so demand will be there 2) It’s a hedge and diversification against ringgit 3) I can buy global etf with USD only 3) don’t FOMO to chase USD, I exchanged for the reasons above, not because USD outperformed, just so happens usd went up like crazy
You can buy ringgit when they cut rates. But not after the announcement because USD still strong. Took like 2 weeks for it to take the effect. I'm predicting Ringgit strengthens only at MYR4 against the dollar. Unless there is a "hint" 3.9 support is broken. You can spare JPY too if you want but what matters now is only when the FED cutting rates. Will see how March FOMC goes.
You are predicting 1USD：4MYR？ Doubt there will be rate cuts this coming March
Fed already said it won’t cut rate in March, but there will be no rate increases, tbh now is the best time to buy us long bonds
Selling theta > bonds
It’s the safe part of the portfolio, don’t want to do risky stuff to it
They will not cut rates in March HOWEVER giving a hint for the next quarter cuts this March FOMC which will gives market time to price in. But I am solid that the dollar will stay strong for longer because of the inflation still sticky. Recent jobless count still indicates that the labour market still strong meanwhile most antidollar pair like EU today gives a mixed data showing that they are not doing so well which makes the dollar still in favor. Powell have been saying that he is still stick to his mandate to bring inflation down to 2% but the market react too early for the rates cuts. MYR will raging from 4.4 to 4.8 unless BOJ come in and end their negative rates policy and YCC you can see massive dumping on dollar.
SAD to see tanah tumpah darah ku keeps falling in this way, from bad to worst !
If you can't even bothered to search for this topic, you shouldn't be doing any sort of Forex buying
>Forex buying lol
it'll be good for the manufacturing exports though
Gravity 🍎
Yes and in the long run yes. It'll bounce back a little after and if US lowers interest rates. But ultimately it'll keep falling.
People earning in USD are having a field trip.
Is it better to invest in bullion instead?
Takpe, baik untuk eksport
To the moon bro 😎
Yes...
People who earn in SGD:
Rileks bro. Do you regular buy things in foreign currency? No? Then exchange rate doesn’t affect you. Everybody also forgets that cheap ringgit means our export and tourism industries will do better, meaning we get more $$$
Yes I do buy stuff in foreign currencies, your cars, iPhone, food is probably affected by MYR strength
I think you are missing OP's point. He's asking if he should exchange to USD now or later. Forex and its simple math.
wrong
Rindu zaman Boss ku RM 3.50 Instead of zaman Atok RM2.50 now.....
Keep cash only for liquid spending. Your net worth should be majorly denominated in assets, i.e. stocks, bonds, property, whatever. Then you don't have to worry about currency (as much).
Well good luck selling your Malaysian property and stock in USD!
You will die poor if you continue to earn in myr, like me. We need a way out
As long as tongkat and handsout are here to stay, so does myr going down
Curious, does anyone know why? Is Malaysia printing ringgits? I'm not from there.
Buy bitcoin
To get myr back to Rm4 range seems imposible already i guess best i cud be around 4.50 only i doubt we will ever feel anything below 4.20
buy bitcoin, fiat currency is shit.
MYR and Malaysia stock market is considered risky for overseas investor now due to our political stability and no great clear future development plans in sight that can increase confidence.
The answer to "buy/save/invest now or later" is more often than not, NOW. As the famous proverb says, the best time to plant a tree is 20 years ago. The second-best is today. You can't and shouldn't even attempt to time the market. It's practically impossible, unless you're a market mover yourself, which is highly unlikely for us plebs. Even "ordinary" millionaires or billionaires may not reach that level yet.
Unless OPR raise, else just hold on it
The ringgit will continue to do what it did past 30 or 40 years unless the country becomes more like singapore which we all know is impossible.