asset rich is not so favourable during downturn ..
liquid asset is better ...
Oh I see .. in my financial philosophy fixed assets like houses do appreciate over time even during downturn but then cash in bank will depreciate in real value due to inflation. So you are likely to be a winner in the end
Quote:
Originally Posted by adidas88
.. becoz u forecast it will hit 5.2 in nov mah ...
Then you should opt for 2 months forward rates for RMB to depreciate against SGD
__________________ KTV is the only place that we can found true love ...
Today (26 Sept) changed some RMB, the rate is nose bleeding, only 4.75. Bo pian, going to the PRC on Sat. Was hopping the rate will at least improve to 4.8x, am going to change and keep some under my pillow when it hit at least 5.00
Location: Raffles Place, Change Alley
Shop: Hassan and Son on Level #02
__________________
Anyone wants some humble 18? Only contributor will be given...
Planning to learn & cheong with sifu adidas88 in ca, cp & zh next year. Don't know whether he welcome me or not
bro .. r u kidding ... me will welcome u with open arms and open legs ...
but just dun call me sifu ... me still grasshopper ...
Quote:
Originally Posted by Heart Break Kid
Oh I see .. in my financial philosophy fixed assets like houses do appreciate over time even during downturn but then cash in bank will depreciate in real value due to inflation. So you are likely to be a winner in the end ...
totally agreed on fixed assests like houses ...
actually me r refering to assests like shares, cars, expensive watches or items ... when economy u-turn southward ... everything free fall ... bad bad ...
Quote:
Originally Posted by genius
Today (26 Sept) changed some RMB, the rate is nose bleeding, only 4.75. Bo pian, going to the PRC on Sat. Was hopping the rate will at least improve to 4.8x, am going to change and keep some under my pillow when it hit at least 5.00 ..
actually it's not a good time to go to money changer on eve of holiday, fri, sat & sun ... the rates r pretty bad ...