Are we in trouble?

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.



Comments

Post a Comment

Popular posts from this blog

2022 Suzuki SV650

Image
After three years of dormancy, I'm finally back on the bike and eager to share my experiences with you all. In this post, I want to talk about the Suzuki SV650, a middleweight-class motorcycle that I recently acquired. Earlier this year, I was in search of a new bike for my daily commute to the office. My small scooter, which had served me well during the pandemic, had become unreliable after I rode it nearly 100km per day. One day, while riding full throttle on the highway, the drive belt snapped in the middle of the PLUS highway. I had to push my bike to the Kajang toll gate before a good samaritan, a Grab rider, helped me push it to a workshop in Bandar Baru Bangi. It was clear that I needed a more reliable and robust bike for my daily commute. Initially, I considered a few entry-level bikes, such as the Royal Enfield Meteor 350 and the KTM Duke 390. However, I soon found myself drawn to the middleweight class, which included the Honda CB650R, Yamaha MT07, Kawasaki Z650, Suzuki
Read more

2021 Triumph Trident 660

Image
Just a month after I bought my SV650, Fiza's friend offered her husband's motorcycle at a very attractive price. Apparently, her husband had given up riding and was willing to let go of the bike. After discussing it with me, I immediately told her to grab it because the mileage was fairly low. They settled the deal in just 15 minutes and over the following weekend, we went to JB to pick up the bike. To our surprise, the previous owner not only handed over the bike but also everything else, including riding jackets, boots, helmets, gloves, and more. Even the bike came with extras like a windscreen, new levers, engine guard, belly pan, tail bag, and bike cover. He said he didn't have time or passion for riding anymore, which was evident from the fact that the bike had only 174 km mileage after more than a year. The bike had not even had the first service yet! Before I bought my SV650, I had considered the Triumph Trident 660, but the price was way more expensive. Fiza, on the
Read more

2014 KTM Duke 690R

Image
One of the wishes I have on my bucket list is to own a big bike before I hit 40. A long time ago (in the year 1997 to be exact), when I came back from Japan after finishing my studies, I wanted to cry looking at the price tag of big cc motorcycles in Malaysia. Due to all kinds of taxes imposed by the government, they are ridiculously expensive!! Probably, the most expensive in the world! (How ironic, big bikes are cheaper in Singapore than here??) With the fresh grad salary I was getting at that time, there was no way I could afford to buy one. If I want to purchase one, I have to choose between owning a big bike or a car. With family on the way, I had to choose the latter. With a car, I can ferry my family around. Fast forward to the present time, only at the end of last year, I realized I still didn't fulfill this wish. I already have in my mind a few bikes within my budget to consider including Monster, Shiver, Versys, Dorsoduro, 800GS, Z800, and Street Triple. Finally, I ch
Read more