Comments on: Should We Sell Off US Dollar Now? http://imdavidlee.com/should-we-sell-off-us-dollar-now-2/ Ideas For Financial Freedom Fri, 25 May 2012 19:10:46 +0000 http://wordpress.org/?v=2.6.1 By: Jhwong http://imdavidlee.com/should-we-sell-off-us-dollar-now-2/#comment-9532 Jhwong Sat, 25 Sep 2010 04:49:51 +0000 http://imdavidlee.com/?p=895#comment-9532 anyway, many thanks for your advice. you are great cheers! anyway, many thanks for your advice. you are great

cheers!

]]> By: Chong Kong Hui http://imdavidlee.com/should-we-sell-off-us-dollar-now-2/#comment-9499 Chong Kong Hui Thu, 23 Sep 2010 16:41:06 +0000 http://imdavidlee.com/?p=895#comment-9499 I don't know if it reach bottom or not, not an expert to comment. However, totally agreed with you that things look to good to be true. Our ringgit appreciate too much too fast without real fundamental support (i.e. our national productivity and competitiveness), just like share price, it may collapses. However, Great Kuala Lumpur is coming.... 13th GE is coming... our interest rate is so high (just slightly lower than Australia and China)... hot money in; hot money out, there are too many variables. If you think USD-RM has reached the bottom, then keep your USD. As I said, it is a gambling. Who knows, one day, RM may have a free fall like 1997-1998 from RM2.5 to RM3.8 May be you should learn more about forex and look for another currency to park portion of your money instead of keep all in USD. Diversify unless you are expert in this area. Expert will put all the eggs in one basket and watch it close and tight. Good luck. I don’t know if it reach bottom or not, not an expert to comment.

However, totally agreed with you that things look to good to be true.

Our ringgit appreciate too much too fast without real fundamental support (i.e. our national productivity and competitiveness), just like share price, it may collapses.

However, Great Kuala Lumpur is coming…. 13th GE is coming… our interest rate is so high (just slightly lower than Australia and China)… hot money in; hot money out, there are too many variables.

If you think USD-RM has reached the bottom, then keep your USD.

As I said, it is a gambling. Who knows, one day, RM may have a free fall like 1997-1998 from RM2.5 to RM3.8

May be you should learn more about forex and look for another currency to park portion of your money instead of keep all in USD.

Diversify unless you are expert in this area. Expert will put all the eggs in one basket and watch it close and tight.

Good luck.

]]> By: Jhwong http://imdavidlee.com/should-we-sell-off-us-dollar-now-2/#comment-9494 Jhwong Thu, 23 Sep 2010 13:19:35 +0000 http://imdavidlee.com/?p=895#comment-9494 hi Chong, dont u think tht the USD-RM had almost reached the bottom already? Even japanese govnmt has intervene their yen-USD due to massive effects on their money repatriation. What is Malaysia? further strengthening our currency in such a short period is not a good sign i guess, nothing else but speculation. Indeed, it is so scary! most of my frens who are in business keep complaining the market is slow n business getting bad but why, superficially, the economy seems booming? hi Chong,
dont u think tht the USD-RM had almost reached the bottom already? Even japanese govnmt has intervene their yen-USD due to massive effects on their money repatriation.
What is Malaysia? further strengthening our currency in such a short period is not a good sign i guess, nothing else but speculation.
Indeed, it is so scary! most of my frens who are in business keep complaining the market is slow n business getting bad but why, superficially, the economy seems booming?

]]> By: Chong Kong Hui http://imdavidlee.com/should-we-sell-off-us-dollar-now-2/#comment-9483 Chong Kong Hui Thu, 23 Sep 2010 07:14:01 +0000 http://imdavidlee.com/?p=895#comment-9483 Jhwong, Very nice of you earning USD. If your home is still Malaysia, holding too much USD is gambling. Ringgit gets strengthen too fast to much, unexpected by many experience people or businessman. If you are just a normal guy, i.e. not a financial expert or economy expert, don't put too much egg in same basket - diversify your asset. Jhwong,

Very nice of you earning USD.

If your home is still Malaysia, holding too much USD is gambling. Ringgit gets strengthen too fast to much, unexpected by many experience people or businessman.

If you are just a normal guy, i.e. not a financial expert or economy expert, don’t put too much egg in same basket - diversify your asset.

]]> By: Jhwong http://imdavidlee.com/should-we-sell-off-us-dollar-now-2/#comment-9459 Jhwong Wed, 22 Sep 2010 04:53:54 +0000 http://imdavidlee.com/?p=895#comment-9459 hi, i m from malaysia, currently working in middle east and being paid in USD. My salary is keep dropping everyday since last year. I m holding a lot of USD right now hoping that it will bounce back to 1USD=RM3.4 level but unfortunately RM is getting stronger. I m really in dilemma because as of today the exchange rate is 1USD=3.06 (remittance buy) please advice :( hi, i m from malaysia, currently working in middle east and being paid in USD. My salary is keep dropping everyday since last year. I m holding a lot of USD right now hoping that it will bounce back to 1USD=RM3.4 level but unfortunately RM is getting stronger. I m really in dilemma because as of today the exchange rate is 1USD=3.06 (remittance buy)
please advice :(

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