Investors turning to forex markets

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#11
The shackles that bind us

Not physical chains nor the confines of 4 walls
But the limits of our imagination

The companies we invest in have no forex exposure
Rise and fall of SGD have no impact on their competitiveness

Flow of funds in and out of Singapore do not affect our asset prices
97 Asian financial crisis is about equities and has nothing to do with currencies

Cash is king but what if my networth is denominated in Euro or Rupee?
No worries as SGD will always appreciate

Forex and investing is like water and oil
Hence I shall forever be bound to the little red dot

In government I trust


(Raining whole day nothing to do so got time to do a soliloquy)
Just google singapore man of leisure
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#12
Quote:Actually, the rates are similar to the rates offered by Money Changers to their "best customers".

It helps to stick with one money changer if you change money often or in bigger amounts.

Hi SMOL, can you actually walk up to the money changers and change 50K or so into foreign currency? Can the transfers be done electronically, the downside of using cash is the risk of getting robbed....

I've never tried it. Previously used banks for large amounts, and the spreads are ridiculous.
I wait until there is money lying in the corner, and all I have to do is go over there and pick it up.
Jim Rogers
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#13
The only currency I can think of for investing is Renminbi.
And that would even be hazardous as of now.

Give it another decade before all the China reform policies fall into place for it to gain strength.

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#14
BlackCat,

For 50K, they can come to you!

Not everyone wants to leave a paper trail...

That's why it's important to have a relationship first with smaller amounts.

With big amounts in cash and no prior relationship, they afraid of you and you afraid of them!

I normally change around SGD 30k whenever I return for home leave in the past.
Just google singapore man of leisure
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#15
I use to carry some cash but found is not worth the effort.
Use to "TT" now to transfer cash. Is very easy and safe. It will be remitted direct to your local bank account within 2 days typically.
What you need is the local account bank Swift code and bank full name.

USA Cheque is the worst due to they need to send it back to USA again. Use "TT" is direct and simple.

Just my Diary
corylogics.blogspot.com/


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#16
(14-07-2012, 04:08 PM)arthur Wrote: The only currency I can think of for investing is Renminbi.
And that would even be hazardous as of now.

Give it another decade before all the China reform policies fall into place for it to gain strength.

I got myself into the best long term trade on the RMB, work in China, paid in China. Money sits in wife's account as fixed deposit rolling over as foreigners need a special registration from register with tax authorities in order to access certain banking products. Will ride this one out LT!


Sent from my iPad using Tapatalk HD
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#17
I couldn't find a private banking thread, so I parked the article here as it seems to touch mostly on forex trading. I think it's a gd insight on what private banking clients trade/invest in.

Investment Journey - Part 6 (Insights of Private Banking)
https://semifirefish.blogspot.com/2019/1...ts-of.html
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