5 digit losses in Currency🫠🫠 Time to buy more US stocks? Or exit from the US Market?
$USD/MYR (USDMYR.FX)$is getting stronger and stronger, feel like it’s gonna hit 4 or 3.9 soon🫠🫠 It’s definitely good to us as the citizens but bad for those that have bought US stocks few months ago when the currency was back in 4.6-4.8‼️
I am earning money from the US stocks but currency dragged me down hugely, it’s like 20K losses in the currency🫠🫠$NVIDIA (NVDA.US)$$Tesla (TSLA.US)$
What would you guys do?
✅ Exit the US Market?
✅ Exchange more USD at the current price 4.1, to buy more US stocks?
105420682
:
for me know that us market can get more opportunity compare to Malaysia market so i will continue to cash in dollar to make my average exchange rate become lower
Eric414
Anthony 27
OP
:
I wont scare in short term What I believe US market can help me earn back the money The worst case scenario , use usd to travel I wont switch back to myr
105251507 : bro currency gonna go back at least 4.4..no need worry..i also lost thousand
Eric414 105251507 : Me too loss hundred thousand
Anthony 27 OP Eric414 : Omg..what is your plan?
Anthony 27 OP 105251507 : Izit? Nobody can guarantee that..haha
104691420 105251507 : hard to go back unless election mess up
Anthony 27 OP 104691420 : U mean Mas election right? Ya that’s what I’m thinking… now Mas currency very strong and USD is depreciating too
105420682 : for me know that us market can get more opportunity compare to Malaysia market so i will continue to cash in dollar to make my average exchange rate become lower
Eric414 Anthony 27 OP : I wont scare in short term
What I believe US market can help me earn back the money
The worst case scenario , use usd to travel
I wont switch back to myr
Anthony 27 OP 105420682 : Nice
104691420 Anthony 27 OP : I mean US election. Mas election still got few more years
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