Skip to main content

3 Golden Opportunities From The Falling Ringgit - Guest Post


“Four months ago, I had X amount of cash reserves in my emergency fund. Fast forward to today, and a portion of that amount's value is now gone, thanks to the continued fall of the Ringgit.” Does that sound familiar to you? The fact is, this story is more common than you think and now, the analysts are predicting that we'll see RM 100 = US$ 25 before the year ends. See for yourself.

The ringgit's depreciation has taken its toll on a lot of things, from the government budget and right down to our everyday purchasing power. In theory, the government is doing what it can to solve this problem, which is of course due to unforeseen external factors (falling global oil prices, China’s currency devaluation and more).

But for every problem, there is an opportunity. The ringgit may have lost its value, but here are some key factors that present themselves as "opportunities" for the future.



Tourism

If you are from nearby Thailand or Singapore, the weak ringgit is an opportunity for you to have a quick getaway to Kuala Lumpur. Tourism is a huge industry in Malaysia and the boost in local tourism will most likely keep the local currency from falling even further. Alternatively, if you’re Malaysian and traveling abroad, now is the perfect time to make use of your air miles points if you have them. You wouldn’t want to exchange your ringgit to more expensive currencies at this point.

Online Freelance Work

By now, everyone's familiar with the concept of freelance work. When you do this online and your medium of payment is through PayPal, you will most likely get paid in US Dollars. Try to get a fixed rate (in USD) for your online freelance work. As the value of the ringgit fluctuates against the dollar, the money you get in dollars will make you have more purchasing power once you exchange it with local currency.

Invest For The Future

There is an old story, where a person during the financial crisis of '97, bought all those stocks whose value had diminished. Of course 10 years later, these companies have regained their strength in the stock market. He bought those companies' stocks, and years later, the value of those has gradually increased over time. Rewarding isn’t it?

Perhaps the same opportunity is upon us now.

If you are reading this blog, then you probably know the difference between a stock trader and an investor. The stock trader monitors the market consistently, daily, or even by the minute! The perfect timing on when to buy or share the stock will spell the difference between victory and defeat. The investor isn't like that. He invests on what he feels are good companies, depending on its history and performance over time. There is a certain science to this, and I will advise you to monitor the market and read blogs like this one.

This article is prepared by Michael Vincent Mislos on behalf of CompareHero.my, Malaysia’s premier financial comparison portal.


Comments

Popular posts from this blog

Resep Membuat Arem Arem Isi Ayam Wortel Special

Arem Arem Isi Ayam Wortel - Arem-arem merupakan makanan serupa kue lemper yang digulung dengan daun pisang lalu diberi isi sambal goreng, sosis, mie goreng, ayam wortel dan sambal goreng. Untuk daun pisang, sebaiknya bunda memakai daun pisang kluthuk supaya hasil bungkusannya bagus saat dikukus. Dan sebelum daun pisang diberi nasi dan isi, hendaknya bunda menjemur daun pisang terlebih dahulu sekitar lima sampai sepuluh menit supaya daun pisang tidak robek saat diberi nasi dan isiannya.  Jika melihat sekilas, arem arem dengan lontong pasti akan terlihat sama karena sama sama dibungkus dengan daun pisang lalu di kukus sampai matang. Namun jika kita melihatnya dengan lebih teliti lagi maka akan terlihat jelas perbedaan arem-arem dengan lontong. Kalau arem-arem umumnya sama seperti lontong, hanya saja arem-arem didalam nasi terdapat isian daging cincang, atau sayuran. Cara membuat arem-arem dapat dibilang mudah dan bahan-bahannya juga terjangkau ditemukan seperti wortel dag...

Cara Membuat Ubi Goreng Fantasi Jajanan Bule

  Akhirnya langsung cari ubi jalar, kebetulan dapat ubi kuning. Jadi cocok seperti resep ubi goreng fantasi yang Mak Frida tulis. Next pengin coba juga bikin ubi ungu fantasi dan juga ubi putih fantasi, rasanya sama-sama enak ngga ya? Bagi yang masih bingung sebenarnya apa sih ubi fantasi ini? Jadi sebenarnya ubi goreng fantasi merupakan salah satu makanan atau gorengan ala bule yang dibuat dengan adonan ubi kukus sebagai bahan utamanya. Yang kemudian di haluskan, dan di kepal-kepal di stick es krim lalu di goreng dengan lapisan tepung panir alias tepung roti. Rasanya enak, manisnya pas dan super crispy di luar dari tepung panirnya. Selain di goreng sampai kekuningan dan matang, ubi goreng fantasi ini juga di beri topping manis seperti susu kental manis coklat yang di padukan dengan meises coklat, keju dan juga gumpaste mini. Kalau lagi ngga ada topping tersebut, ubi goreng tepung panir ini enak juga kalau di beri topping saus sirup rasa pandan dan juga apel. Jadi untuk topp...

Cara Membuat Misoa Goreng Ekonomis Mudah dan Praktis

Cara Membuat Misoa Goreng - Misoa goreng merupakan salah satu makanan pokok yang dikreasikan menjadi jajanan atau snack ringan yang enak dan gurih. Memiliki bahan utama misoa yang dicampur daging giling, cincangan wortel dan daun bawang layaknya bakwan membuat misoa goreng menjadi gorengan yang special. Berbicara misoa, saat ini ada 2 cara membuat misoa goreng yang resepnya bertebaran di grup masakan Facebook, Instagram dan juga google. Salah satunya adalah misoa goreng yang dibuat seperti adonan bakwan yang langsung digoreng. Dan yang kedua adalah misoa goreng yang dibuat dengan cara dikukus terlebih dahulu, kemudian potong kotak adonan, celup ke dalam kocokan telur lalu di goreng ke dalam minyak panas yang cukup banyak. Seperti judulnya resep dan cara membuat misoa goreng ekonomis, saat ini kami akan membagikan salah satu resep misoa goreng andalan favorit keluarga yang proses pembuatannya tidak pakai ribet dan tentunya ekonomis, karena bahan-bahan yang digunakan disesuaikan ...