Dear Tan
I am from Malaysia. I wish to invest in dual currency investment . Can you advise in this market situation , which foreign currency can invest ? Aussie dollar? any risks ? I am new in this investment. Will I lose all my money or i will make profit from it.
I am from Malaysia. I wish to invest in dual currency investment . Can you advise in this market situation , which foreign currency can invest ? Aussie dollar? any risks ? I am new in this investment. Will I lose all my money or i will make profit from it.
REPLY
My advice is to avoid all dual currency products. Read my views .
You can also search my blog for postings under the title "dual currency".
2 comments:
I disagree in part with your views listed in your faq. Alot of them are based on the "on hindsight" assumptions. The truth about all investments is that you only know whether it was the right call AFTER the fact.
Options can be a good way of getting a kicker return if used properly. As far as dual currency is concerned, it's about the only true form of options instrument available to the mass market.
Notwithstanding, I wish to qualify that a possible risk is that the true "price" of the option is not transparent to the investor in Singapore. By this i mean that the bank may actually be paid 40% for a particular currency option by the option's market but the banker might only decide to pass on 9% of the return to the investor. I've seen this done by many RMs. So as an investor, do your homework and ask for quotes from at least 2 banks to compare.
This is not your fault
However, the presentation of this product puzzles me
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