WL Ho asked 3 years ago
Hi, I have 2 questions below:
1) where do you normally put/save your cash while waiting for the right valuation for entry?
2) as there are so much information/news from different sources, which platform/social media/news agency would you recommend to keep abreast with the latest news of the industry /company?
thanks
2 Answers
Victor Chng Staff answered 3 years ago
Hi WL,
- You can consider Singapore Saving Bonds to park your cash, as the bond can be redeemed with one month's notice.
- You may want to tell me what country you are looking at so I can point you in the right direction.
Victor Chng Staff answered 3 years ago
Hi WL,
I am following up on the email reply here.
1. If I were a Malaysian, I would park my money in Singapore Saving Bonds (SSB) since foreigners can purchase it also. I am doing this because I don't want to have too much money in RM. If comparing RM with other foreign currencies, RM had always been depreciating. I chose SSB because it allows me to withdraw within one month's notice, guaranteed return by the Singapore Government and strong SGD appreciation against RM. Over the longer term, I won't be surprised that 1 SGD will equal 4/5 RM. Singapore is an importing country; to curb inflation, it will always strengthen its currency to import at a lower price. While Malaysia is an export country, its strong currency will affect its export volume.
2. For the U.S. market, Reading the Wall Street Journal and following some twitter accounts are enough to keep you abreast with the latest news.
I am following up on the email reply here.
1. If I were a Malaysian, I would park my money in Singapore Saving Bonds (SSB) since foreigners can purchase it also. I am doing this because I don't want to have too much money in RM. If comparing RM with other foreign currencies, RM had always been depreciating. I chose SSB because it allows me to withdraw within one month's notice, guaranteed return by the Singapore Government and strong SGD appreciation against RM. Over the longer term, I won't be surprised that 1 SGD will equal 4/5 RM. Singapore is an importing country; to curb inflation, it will always strengthen its currency to import at a lower price. While Malaysia is an export country, its strong currency will affect its export volume.
2. For the U.S. market, Reading the Wall Street Journal and following some twitter accounts are enough to keep you abreast with the latest news.
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