Ringgit will continue to head south

Growing concerns over a corruption scandal involving Prime Minister Najib Razak and the Malaysia’s foreign exchange reserves dropped below US$100 billion as at the end July sent the ringgit crashing to 17-year lows against the greenback today.

Malaysia’s central bank, Bank Negara Malaysia, announced Friday that its international reserves amounted to 364.7 billion ringgit (96.7 billion U.S. dollars) as at the end of July the lowest level since 2010. A fall below the psychological US$100 billion level could put additional pressure on the ringgit.

The ringgit fell to 3.929 to the United States dollar – its weakest since September 1998, when it reached 3.9340. Malaysia set the peg at 3.8000 at the time, amid the Asian financial crisis.

BNP Paribas said the central bank has used an estimated US$40 billion since April 2013 to shore up the ringgit, raising questions over how heavily it can continue to support the ringgit. The intervention is probably limited to preventing excessive volatility rather than defending a certain level for the ringgit.

As the central bank struggles to slow declines in Asia’s worst-performing currency in the face of a protracted political crisis, Societe Generale said the defense of the exchange rate may stop at about the US$90 billion reserves mark, the bank revised its ringgit forecast for the third quarter to 4.1000 from 3.8000.

A slump in oil prices, a deepening political scandal, and the prospect of higher US interest rates underpinning a strengthening dollar have contributed to the ringgit’s 12.3 per cent loss this year.

Business operating costs have escalated dramatically on the back of a new minimum wage, power tariff hikes and the goods and services tax. Investors are keeping a close eye on its narrowing balance of payments, increasing budget strains caused by weaker commodity prices, as well as on its international reserves, which continue to head south.

The ringgit is suffering from a confidence deficiency that the currency could be further eroded if public and investor confidence are not quickly restored.

Real Investor : Making Big Bucks By Short-Selling in 2015

We make a big bucks in July 2015 by short selling activities, which started since March 2015. 

Thanks for all supports ! 

Fruitful Return in 2015 happen in Special Situation Porfolio. - Warren Lee

Short Seller Warren Lee : SHORT MALAYSIA INDEX

Porfolio Manager Warren Lee - Successfully short sell Malaysia KLCI Index to profit from Long Term Economy SlowDown in Malaysia.

Again, We called SHORT MALAYSIA INDEX again NOW ! 

FOLLOW US ! 

Short Euro/USD on June 2015

We're shorting Euro/USD in June to profit from megatrend on stronger USD.

Investing into Low Risk High Profit Market

Special Situation fund manager spending years to study economy in Vietnam. Now, the big sell-down in Vietnam Stock Market, create an opportunities for us to accumulate the shares in Vietnam.


Thanks for market speculator. ;)


CL. LEE
Fund Manager

Go against crowd - Buy Oil & Gas Stock

Now, O&G stock is trading at low P/E ratio. I will suggest investor to accumulate the O&G stocks in Russia, USA and China.


Last four years, we did a very good return on purchasing USD at low price. Now, we're focusing on other part.

FOLLOW US - BE PROFESSIONAL INVESTOR.

Thanks.


CL. LEE
Special Situation Porfolio Fund Manager

Market Trend - Europe/USD Currency - Drop furuther in coming months

6 April 2014- Special situation porfolio is start to short the EURO/USD Currency :
1) Expect USD turn to stronger.
2) Expect Federal Reserve to raise interest in short term.

Market Trend & Speculation

What if the market trend goes against your expectation/bet?

Fear? No Confident?

Share with us.

JIM ROGER : North Korea is probably a very safe country to keep your Assets

Geoff: So the question of confiscation always comes up with our experts, Jim. So the question right now is, what are the top three safest countries to keep your money and assets, and why?



Jim Rogers : Keep your assets protected from whom? Depends on… North Korea is probably a very safe country to keep your assets if you’re trying to protect it from the U.S. and the West, I’m not so sure it’s safe for protecting it from the North Koreans if they get angry at you. It depends on who you’re trying to escape. I guess places like… Well that’s a tough one, because if you’re trying to protect it from everybody, you’re going to have to find yourself in an obscure country that nobody’s angry with, and which respects the rule of law and the sanctity of private property. I live in Singapore and I have assets in Singapore, but I have assets in various countries around the world. I have assets in U.K., some in the U.S. Trying to get my assets out of the U.S., because I expect exchange controls eventually. Switzerland, Austria, I mean these are countries that traditionally have been okay, but even these countries, especially Switzerland is not what it used to be as far as sanctity anymore. Singapore is the answer that pops to mind most of all for many reasons. The problem with that is, if the U.S. really comes after somebody, Singapore would probably cave to the U.S., depending on the circumstances. - via Sprott Money

Pro-Investor : Stay on up/down trend

Are you a savvy investor? Investor is betting on future of asset. It happen in all investment, which contain gambling element in investment.

The best solution is VALUE COST AVERAGING. It set you away from market panic/emotion.

Termites DIY Colony Elimination Box - Anai Anai

For anyone with termites problem, you can purchase it online :

http://termitesdiy.biz/ - This is a reliable store which accept credit card payment.


I tried it on 2014 with 2 boxes (Double Storey House). I fixed the problem after a month.


Good deal? Why hire pest control company?