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

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

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

Weekend jaunt to Brisbane

Image
The following weekend after the trip to Adelaide, Fiza got another day off in Brisbane. Since I had never been to Brisbane before, I joined her trip to Down Under again within a week. Trip to Australia again  Like the Adelaide trip, the flight was at night and we arrived at Brisbane Airport in the morning. After Fiza got her rest at the hotel, we went out looking for lunch. Then we jalan-jalan at the shopping arcade. Around the city center  In the evening, we went out running along the river. The view by the river bank was spectacular. The city is alive at night, unlike Adelaide. There were events and people were busy everywhere. A short run along the river  The next day, we went to Warner Bros. Movie World near the Gold Coast. Joining us were another 2 stewardesses Trista & Rachel but the captain bailed out last minute. It took 1 hour to get there by train. The theme park was full of visitors because it was Saturday. We had to queue for half an hour to enjoy some
Read more