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Thread: EUR/GBP seems more attractive an investment than pty during this time - Any views?

  1. #1
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    Default EUR/GBP seems more attractive an investment than pty during this time - Any views?

    Hey guys,

    I feel that with the current situation in Europe, it is a good time to get into European currencies, better compared to property imo. Euro has not taken such a beating in years and pound is at an all time low. I feel like european currencies now are at the equivalent of the 1400 mark that our sti once reached. What is ur take on this?

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    but what if it becomes their version of the asian currency crisis? sorry, i have never dabbled in currencies before so not in a position to comment.

    also, by starting this thread, think u'd better get ready for jlrx's preaching on paper currency being value losing instruments.


    Quote Originally Posted by Regulators
    Hey guys,

    I feel that with the current situation in Europe, it is a good time to get into European currencies, better compared to property imo. Euro has not taken such a beating in years and pound is at an all time low. I feel like european currencies now are at the equivalent of the 1400 mark that our sti once reached. What is ur take on this?

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    currency speculation is very different from keeping money in the bank. i usually play currency short to mid term.

  4. #4
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    FX is the fastest way to become a millionaire...but also the fastest way to become a bankruptcy

    To me it is very short term and most fx traders do intraday trading.

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    yes, that should be the way to make money, short term/intraday. however, if that's the case, then we can't compare it with property investment as that is (suppose to be) VERY long term. Regulators can quickly make money in forex and buy a property after that.

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    most intraday traders enter in the morning and offload at mid day. the trend is usually quite consistent if you study the intraday charts.

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    the greatest risk is to do margin trading and go in by the tens of millions when u only have a small fraction of that to gamble. i know of traders who made a lot and also become almost bankrupt becoz of that. i always believe the best is to invest within ur means. never bet on something you cant afford to pay up the losses

  8. #8
    OCR properties going to crash!

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    Forex trading is like throwing a coin and seeing how accurate you can predict the head or tail turning out. Try for yourselves how many times you can predict the coin flipping outcome in 100 flips and you will know your chance of making money through short-term forex trading.
    (The same is true for gambling in Casino, but your odd is even worse).

    Quote Originally Posted by Regulators
    the greatest risk is to do margin trading and go in by the tens of millions when u only have a small fraction of that to gamble. i know of traders who made a lot and also become almost bankrupt becoz of that. i always believe the best is to invest within ur means. never bet on something you cant afford to pay up the losses

  9. #9
    OCR properties going to crash!

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    Let me make a prediction for next 2 years (please take with a pitch of salt):
    - European currencies depreciate against US$ and SG$.
    - US economy recovers, gaining advantage and benefiting from Europe woes as money flows back into US and US$.
    - Singapore properties stay strong and in uptrend as more money inflows as money fleet away from Europe due to their woes, benefiting SG$ and SG properties as well. (mind you, Europe make up almost 33% of world's wealth and just a 1% outflow into SG is already like ).

    Quote Originally Posted by Regulators
    Hey guys,

    I feel that with the current situation in Europe, it is a good time to get into European currencies, better compared to property imo. Euro has not taken such a beating in years and pound is at an all time low. I feel like european currencies now are at the equivalent of the 1400 mark that our sti once reached. What is ur take on this?

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    Quote Originally Posted by devilplate
    FX is the fastest way to become a millionaire...but also the fastest way to become a bankruptcy

    To me it is very short term and most fx traders do intraday trading.
    yup, FX is probably the most volatile thing around, if remember correctly, recently a local tycoon oso kana burn hor...

  11. #11
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    Quote Originally Posted by Regulators
    What is ur take on this?
    it's a gamble.

    u have analyst now saying EUR going towards 1.1. the same bunch of guys said the fair value "should be 1.6" just a few months ago.

    fx to me is not an investment. If I had the time and energy I will do day trading on this and see if I bet correctly.

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    I think AUD is safer bet than EUR/GRP. Australia has no debt problem as China and India are paying B$ buying up their resources.

    At this moment, FX and stocks are better bet than property.

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    But AUD is not at a 4-year low unlike the Euro.

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    Quote Originally Posted by sealover
    I think AUD is safer bet than EUR/GRP. Australia has no debt problem as China and India are paying B$ buying up their resources.
    by extension of the above argument, mining/resources stocks should be doing well isn't it ? But it didn't. Rio Tinto dropped like 25%.

    nowadays I feel it's entirely sentiment driven

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    Quote Originally Posted by amk
    by extension of the above argument, mining/resources stocks should be doing well isn't it ? But it didn't. Rio Tinto dropped like 25%.

    nowadays I feel it's entirely sentiment driven
    all these movements are reacting to 'stretched' positioinings

    when Greek news first hit the mkt ..mkt started to sell EUR from 1.35 ( or higher) .. to 1.2175 ish

    the open interest ( shorts in this case) is at all time high ..

    similarly cad ..selling to 1.0100 etc etc

    fear now is : what is theres a concerted intervention ?

    with every tom dick and harry also short EUR .. when the big boys start to buy back .. all followed (herd instinct again )

    now EUR 1.2400 .. some got killed being short (depending on holding power)


    the same can be said about property ..

    if every tom dick and harry is long more than 1 property .. should shxit hits the fence ( i am not saying it would ..but if something happens ..say Orchard MRT really kana bombed) .. those with weaker holding power will be scrambling to sell .. and when it starts .. more will follow ..

    same herd instinct again .. be it buying or selling ..

    so .. like many have advised here .. buy only what you can afford to service COMFORTABLY

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    It doesn't have to be as drastic as a bomb going off in Orchard MRT station to take the sail out of the property wind. I have been through several cycles of the property boom and bust. In each of the busts the catalyst was not dramatic. When prices are up or at record high, it is very easy to extrapolate into the future and see only blue skies. No country, no matter how desirable it is to live in, is immune to a downturn. Especially an economy like Singapore that is closely interconnected to the rest of the world. A receding tide will lower all boats.

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    Quote Originally Posted by lancelot
    It doesn't have to be as drastic as a bomb going off in Orchard MRT station to take the sail out of the property wind. I have been through several cycles of the property boom and bust. In each of the busts the catalyst was not dramatic. When prices are up or at record high, it is very easy to extrapolate into the future and see only blue skies. No country, no matter how desirable it is to live in, is immune to a downturn. Especially an economy like Singapore that is closely interconnected to the rest of the world. A receding tide will lower all boats.
    well said

    if orchard kana bombed ... our proertism religious leader sure jump in and buy the rumbles .. and hold for 5-10 yrs ..

  18. #18
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    Quote Originally Posted by proud owner
    well said

    if orchard kana bombed ... our proertism religious leader sure jump in and buy the rumbles .. and hold for 5-10 yrs ..
    u r wrong!!

    he will grab free fall durians but hold till die....nvr sell ur pptyyyy

  19. #19
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    Quote Originally Posted by devilplate
    u r wrong!!

    he will grab free fall durians but hold till die....nvr sell ur pptyyyy

    i wont buy that plot where ION is actually

    i feel Leonie hill side ..if also affected is a better choice ..hehehe

    anyway why Devilplate ?

    have you ever tried this delicacy called Deviled Egg ? damn nice

  20. #20
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    Quote Originally Posted by proud owner
    i wont buy that plot where ION is actually

    i feel Leonie hill side ..if also affected is a better choice ..hehehe

    anyway why Devilplate ?

    have you ever tried this delicacy called Deviled Egg ? damn nice
    got such egg??? in USA?

    anywhr is goodie as long as it drop more den 30%

    i only worried market stays flattish for yrs ...1999 to 2005....6 yrs of flat market...no free monies...

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