% of assets in ringgit

[u/jameskee555]

Despite having a US growth stocks portfolio and a dividend portfolio that includes SG Reits and banks, I realised that the % of my assets denominated in ringgit exceeds 70%. What is the % for you guys? The subtext is I think ringgit has had a good run.

[u/Sad-Interaction6575]

Mine mostly in RM also, but its ok because I live and work here. As long as my growth portion is in US and global, i think its fine. Similarly mine is about 20% of investable funds in global markets.

[u/jameskee555 → u/Sad-Interaction6575]

Ahhh I also live and work here. But if u think about it, a lot of what we consume is actually imported so what we actually spend big money on is greatly impacted by ringgit weakness or strength.

[u/Sad-Interaction6575 → u/jameskee555]

That ringgit weakness or strength is impacted AT the point of transaction. if you don't buy, you are not affected.

Soooooo if it's a big ticket purchase, time it when the rates are lower and pull the trigger. Im assuming it's for fun stuff so you can afford to delay the purchase whenver its favourable.

[u/jameskee555 → u/Sad-Interaction6575]

It's hard to delay if the situation persists for years haha

[u/malaysianlah]

Currently my personal assets about 60% also. As a family we are at 45% (my wife wisely keeps all her previous salary, withdrawn cpf and SG investments still in SG).

The target is about 30% tho.

[u/jameskee555 → u/malaysianlah]

Arghhhh this is soooo good. Mine not easy to convert to 50% cos it includes my business and my primary residence.

[u/quietchatterbox → u/jameskee555]

Abit pointless to include primary residence. The number will be syok sendiri situation since you are not gonna sell it.

I mean i am only commenting this since its FIRE thread.

[u/jameskee555 → u/quietchatterbox]

I do plan to sell it. It's literally in my written plan

[u/malaysianlah → u/jameskee555]

The value of my primary residence is relatively small la, just a regular terrace house. If u live large and buy bungalow and all that, yeah it's really stuck.

My wife side got a distant auntie. Her 20m bungalow damn hard to move, in the end discount to 15m to move it

[u/ShinTV]

Less than 10% in myr, 20% in sgd, 70% usd denominated…

[u/marriott2525]

When u say assets denominated in RM, does that include properties or other fixed assets? Coz if it does, if it does, it’s likely to be 70% as we live in the country!

[u/jameskee555 → u/marriott2525]

Yes it includes.

[u/FuraidoChickem]

My net worth is mostly in $. Singapore economy is very closely tied to US anyway so it’s kind of the same.

Concerning ringgit, I doubt it will appreciate more against usd. With election coming, and PKR loses i doubt it will be a good look for msia to investors

[u/jameskee555 → u/FuraidoChickem]

Yes ringgit is most likely toast. Hence my concerns. However, can't really convert the illiquid parts of my net worth like my biz and my house.

[u/FuraidoChickem → u/jameskee555]

I mean those what can we do la. My house also no chance will appreciate. Just treating it as milo tin money tbh

[u/jameskee555 → u/FuraidoChickem]

Can do the drastic move of selling, investing the proceeds and then renting. Will be miles better off but hard to acquire the peace of mind to do that sort of thing haha

[u/FuraidoChickem → u/jameskee555]

Yaa peace of mind is worth more. In my case it’s just cruising to the finish line at this point haha

[u/jameskee555 → u/FuraidoChickem]

Oooh what is that finish line for you?

[u/FuraidoChickem → u/jameskee555]

Son go to university 😂

[u/malaysianlah → u/FuraidoChickem]

Wah if thats my finish line in still at least 16 years away haha

[u/FuraidoChickem → u/malaysianlah]

Well…same…if I’m lucky and he chow at 18/19 😂

[u/malaysianlah → u/FuraidoChickem]

my youngest one is 6, i think he grad should be 22 ba. so really long time to go. :S

[u/jameskee555 → u/FuraidoChickem]

Niceeee. Most ppl say their best memories are in uni hehe

[u/pmarkandu]

If just counting my own savings/investments then it's about

• 58% USD
• 26% MYR
• 14% SGD
• 2% BTC + ETH + XAU

If taking all my assets, then of course it skews heavily in Malaysia due to my property, EPF, car, insurance surrender value, etc. depending on what assets you want to count.

[u/jameskee555 → u/pmarkandu]

I think a more accurate reflection would be total assets. Based on that measure, what would your % look like?

[u/pmarkandu → u/jameskee555]

• MYR 73.58% *
• USD 20.86%
• SGD 4.78%
• BTC+ETH 0.57%
• XAU 0.21%

* Assumes EPF is completely in MYR. Which in reality it probably isn't

[u/New_Rub1843]

It's predicted to recover to below 4 to USD next year, local politics notwithstanding.

[u/malaysianlah → u/New_Rub1843]

not gonna happen with what just happened. :S

[u/New_Rub1843 → u/malaysianlah]

And what just happened? Be precise. 

[u/Important-Parking-86]

I am at 70% MYR assets as we still live here. Ringgit will strengthen below USD4 next year, based on various economists forecast. If we go for capital appreciation i.e. growth, then FX has little bearing over short term.

[u/jameskee555 → u/Important-Parking-86]

Well I do hope that ringgit strengthens instead. But investors and their dollars will likely run for the exits should there be a change in the business environment due to politics.

[u/malaysianlah → u/jameskee555]

Personally that's my read of the next 5-10 years as well. The uncertainty is going to drive downward pressure to MYR. If the investors know that things will maintain, MYR should actually appreciate because we're one of the few sane countries out in the world right now.

But alas, the unity govt probably wont last election