Quote:
Originally Posted by Unregistered
Tell them to cut their losses and bring back their money. What if S$1=RM4? Don't say currency losses doesn't matter, that's stupid excuse. Better sell now before the panic exit starts. After they get back their money, tell them to pay off their Singapore mortgage and don't be itchy. Better be safe than sorry.
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My gut sense is also to tell them to get out, but I guess when you have big amounts invested inside the emotion take over. The problem is when you borrow the gain & losses will multiply. For them drop in RM and agent selling commission will multiply the losses to at least 30% of their initial investment if they sell now, so not thinking rationally.
The friend that commission the agent to sell has got buyers willing to pay, just that price is below his break even so he want to continue waiting further. I feel this whole Iskandar thing is like a con job to bluff our money like CLOB in 1990s.