26-09-2023, 09:46 AM
I think it all comes down to the numbers. At the end of 2000, the KLCI was 728. It was 1485 at the end of 2022. About double. On the other hand, the SGD to RM was 2.18 at the end of 2000 but became 3.24 at the end of 2022. If you work out the numbers, the capital gain (ignoring dividends) would be 104%. Now factor in the forex loss; the capital gain would be 37%. Still better off and without counting the dividend of about 2 % to 3 % per annum. Moral of the story? The gain from the stock market far outweigh the forex losses.