I am sure many of us have heard in many discussion or read headlines about the financial meltdown that hit the US, Europe and now charging at full speed to Asia. Everything seems going down everywhere in US, UK, Tokyo from stocks to commodities. This big tsunami of economy crisis is reaching our shore in no time either. Our government is trying to ensure it won't be that hard when it's here or the UMNO party election is hotter news nowadays?
The Dow Jones is plunging like mad with the mentality of "sell before I lose everything" contributed to the stock market crash and there is intense fear that the market will never recover. Before you start panicking, remember this.... history always repeat itself. The Crash in 70's, The Black Moonday in 80's and Dot Com Bubble in early 2000 when the market crashed around 30%-40% but later rallied between 100%-500% in 5-12 years. The history show the harder they fall, the stronger the bull run will follow.
What smart investors do? Only invest with the money you don't need for the next 5 years. Don't ask me what stock to buy, because I don't have money to invest after spending all of them on my family since i got married. Ohhh yess... family also an investment. Just like stocks my failed marriage is a bad investment. And now I'm alone again, it is time to start saving and have extra money to invest again. Well, property is my choice because they are recession proof. Those who have cash, do not miss the opportunity to buy the reposessed property or from people who desperately need cash. Let's hoping we don't lose our jobs either.