https://www.tiktok.com/@novelty2021/vide...7199846657?
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
(27-12-2023, 09:46 AM)Huliwang Wrote: Dun forget that country can CLOB you after you shiok shiok settled there.
(27-12-2023, 09:55 AM)theold Wrote: I still have my Sir Hartamas and don't what counter which continues to be on suspension. Others had also given private companies which go without any news. Last time, they had MAS, KLI, Renong... Most of them, I had changed the physical scripts to my name before I dumped them away a few years later. No dividend received.Can fully understand your pain...so total donation to tak boleh land how much??
(27-12-2023, 09:46 AM)Huliwang Wrote: Dun forget that country can CLOB you after you shiok shiok settled there.
(27-12-2023, 09:55 AM)theold Wrote: I still have my Sir Hartamas and don't what counter which continues to be on suspension. Others had also given private companies which go without any news. Last time, they had MAS, KLI, Renong... Most of them, I had changed the physical scripts to my name before I dumped them away a few years later. No dividend received.
(27-12-2023, 09:50 AM)theold Wrote: Though I have not invested in Forest City, it is an ideal place for middle to high-class people with calculated risk on safety.
JB-causeway is a better place for investment with profit and not an ideal place for staying.
(27-12-2023, 09:55 AM)theold Wrote: I still have my Sir Hartamas and don't what counter which continues to be on suspension. Others had also given private companies which go without any news. Last time, they had MAS, KLI, Renong... Most of them, I had changed the physical scripts to my name before I dumped them away a few years later. No dividend received.
(27-12-2023, 10:38 AM)sgbuffett Wrote: Let me explain this one more for those who still don't understand.
1. CLOB was created by the Singapore govt to benefit Singapore brokers . The Malaysian govt advised not to do this as it creates a grey secondary market for for their their stocks. The Singapore govt refused to listen.
2. CLOB became unviable when Dr M implemented currency control to end the Asian financial crisis. CLOB was not his target but became collateral damage.
3. The shares were stuck in limbo because local brokers cannot arbitrage as currency cannot flow freely.
4. Dr. M is not going to make life easy by allowing a straight forward transfer because CLOB was designed to take business from Malaysian exchange and profit Singapore brokers.
5. The Singapore govt and local brokers to walk away from responsibility created propaganda to blame Dr. M for the plight of investors here. But they were the ones who created CLOB and had previously assured Singaporeans it was safe to trade despite warnings from Malaysia side.
6. In the end Dr. M allowed scrips to be registered and traded jn Malaysia exchange. The Singapore brokers who made all the commissions refuse to bare eventual cost of the transfer and registration...and the Singapore govt did refuse to make them
The SGX would go on the S Chips and shady reits to make Singapore investors lose more money.
Eventually most of the clob counters would become worthless because the brokers and singapore exchange brought in the most speculative and high volume stocks controlled by syndicates to earn more commission.
Dr. M is not the villain in this story. He was demonised by the Singapore media which is controlled by Singapore govt to make Singaporeans blame someone else. CLOB was created to help Songapore brokers make money....and the Singapore govt allowed it.
(27-12-2023, 10:41 AM)sgbuffett Wrote: You must remember the sgx Singapore brokers and Singapore govt created clob and brought in the most speculative syndicate controlled Malaysian stocks to make more commission from Singaporeans. ..in the end most of these shady companies collapsed.
Just like s chips and recently shady reits.
That is why i don't support Tharman...much of these happen under his watch.
(27-12-2023, 10:38 AM)sgbuffett Wrote: Let me explain this one more for those who still don't understand.
1. CLOB was created by the Singapore govt to benefit Singapore brokers . The Malaysian govt advised not to do this as it creates a grey secondary market for for their their stocks. The Singapore govt refused to listen.
2. CLOB became unviable when Dr M implemented currency control to end the Asian financial crisis. CLOB was not his target but became collateral damage.
3. The shares were stuck in limbo because local brokers cannot arbitrage as currency cannot flow freely.
4. Dr. M is not going to make life easy by allowing a straight forward transfer because CLOB was designed to take business from Malaysian exchange and profit Singapore brokers.
5. The Singapore govt and local brokers to walk away from responsibility created propaganda to blame Dr. M for the plight of investors here. But they were the ones who created CLOB and had previously assured Singaporeans it was safe to trade despite warnings from Malaysia side.
6. In the end Dr. M allowed scrips to be registered and traded jn Malaysia exchange. The Singapore brokers who made all the commissions refuse to bare eventual cost of the transfer and registration...and the Singapore govt did refuse to make them
The SGX would go on the S Chips and shady reits to make Singapore investors lose more money.
Eventually most of the clob counters would become worthless because the brokers and singapore exchange brought in the most speculative and high volume stocks controlled by syndicates to earn more commission.
Dr. M is not the villain in this story. He was demonised by the Singapore media which is controlled by Singapore govt to make Singaporeans blame someone else. CLOB was created to help Songapore brokers make money....and the Singapore govt allowed it.
(27-12-2023, 10:54 AM)Oyk Wrote: Excellent piece
A Masterpiece
Of twist and turn
(27-12-2023, 10:41 AM)sgbuffett Wrote: You must remember the sgx Singapore brokers and Singapore govt created clob and brought in the most speculative syndicate controlled Malaysian stocks to make more commission from Singaporeans. ..in the end most of these shady companies collapsed.
Just like s chips and recently shady reits.
That is why i don't support Tharman...much of these happen under his watch.
(27-12-2023, 07:49 PM)p1acebo Wrote: Should be under Richard Hu’s watch lah
(27-12-2023, 07:39 AM)sgbuffett Wrote: The impact of this on improving the quality of your retirement is higher than the recent changes to CPF....
https://www.tiktok.com/@novelty2021/vide...7199846657?
(27-12-2023, 11:44 AM)WhatDoYouThink! Wrote: India has less crimes and is more suitable for ah butt
(28-12-2023, 11:55 AM)moonrab Wrote: Very simple Lah
If the Chinese Malaysian are not buying condominium in JB, FC, PC, etc..
Why must Singaporean buy it?
If the Malaysian themselves knows it is a lousy investment. Don't be stupid to pick up, what other people don't want in their own country.
We know in Malaysia, regulation and govt policies keep on changing in every 2 years. Especially those affecting foreigners. So many damn bloody examples.
Clob, MM2H, Custom clearance, Taxes GST, VAT, Sales Tax, etc..
SIngaporean normally faced the worst, in Malaysia new changes of policies. And yet need to park $million in Malaysian bank, buy Property just for longer term visa 5 to 10 years? Even when getting the PR can be revoke anytime.
What a lousy deal.
Might as well park that same amount of money in Canada, Australia, US for PR and Citizenship after 5 years stay. No brainer deal.
Lastly, even the Chinese Malaysian emigrates to other countries. To avoid the bumiputera system, future political instability and the eventuality of religious law implementation.
Why Chinese Singaporean still get themselves into such angles? With millions $ stuck into something even Singapore Government cannot help.
Better don't play with fire.
(28-12-2023, 12:09 PM)sgbuffett Wrote: Just want to explain my view of what you wrote
Malaysian Chinese often leave especially those with good qualifications to work in other countries favorite is Canada, US and Australia. ...and Singapore ....This is true.because pay is much higher outside Malaysia.
Due to falljng ringgit and need to diversify they park money out of Malaysia.
However after their working life many actually return or spend more time in Malaysia due to the low cost of living. They usually buy a property they can return to ...i iis pocket change for those who worked overseas...it US more for use than investment as you rightly pointed out it may not be a good investment.
If there a few siblings one will keep Malaysian citizenship to help to buy low price property.
These properties used as retirement homes...they cannot live better or cheaper than this...elsewhere.
In fact many Austrlian, UK retirees stay in places like Malacca and KL because cost is lower.
KL is faboriteb among young retirees from Japan