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Showing posts from December, 2016

Investment property

I have decided to look for properties that I can afford to buy in cash... don't want the hassle of taking loans. However, to be on the safe side in terms of the transfer and so on, it is actually better to take a loan because of the due diligence done by the bank. They will make sure the transfer is effected properly before they release the loan; cash buyers need to be very sure on the procedure in case they get duped. Anyway, just my thoughts on the matter...

Some thoughts on Malaysian ringgit

I'm definitely no expert on foreign exchange. Was just thinking while walking back from lunch, as one does, that the degree of volatility doesn't seem to make sense. More so if people take the exchange rate as a proxy for your economy - while it does have bearing if the rate is long term and sustained, the sudden drop in currencies like MYR and Brazilian real doesn't jive with the economic fundamentals. For example; we are still growing... our GDP growth is still positive compared to lots of other countries. We are still exporting a lot of goods despite the lower demand - after all, people around the world still need vegetable oil, petroleum and so on. The problem is that if the speculators can sustain their attacks and the western media keeps repeating the same "bad news" / bad spin, then it becomes a self-fulfilling prophecy. Sigh ... what can one do? I think to help the country, we must spend internally - to keep the momentum going. Of course, one sho