Ah, the benefits of CASH

I have to admit, I love cash nowadays. You can move in and out of volatile investments (Forex and Commodities) quickly, and then allocate it to my favorite (that's American, not Queen's English, mind you) investment vehicle, high quality IPOs. There have already been announcements of upcoming quality IPOs such as Felda MSM, Bumi Armada, and units of the MMC group - Gas Malaysia, Johor Port, and Malakoff. But what we need to do is to ensure that we have enough cash in hand to "play" while not over allocating, and losing out on "opportunity cost."

So I'll go for UOA Development's (that's United Overseas Australia, listed on ASX and SGX) large IPO (raising RM1.18 Billion, with 70 million shares reserved for small players like us), which is priced at RM2.90 a piece. They developed Bangsar South, and with Malaysian's love affair with property continuing unabated, this makes sense.

PS-Jim Grant, an extremely prescient investor, said in an Article in Yahoo! Finance that keeping cash, to take advantage of crashes is good, because recoveries now tend to be fast and furious....(Quote) "Perhaps one way to proceed is to hold cash at the opportunity cost of not much in Treasury bills. You make nothing, but you want to have this money when things are absolutely, not just relatively, cheap. This time of full or overvaluation shall pass. On recent form, it'll pass in a thunderclap and there will be a panic and it'll seem as if the world's ending. And that's when somebody who is nimble can get fully invested in a comfortable way."