Given that noone has Unlimited Time & Energy, one has to focus on what I call the Most Relevant Factor (MRF)
Just like when you're selecting a school for your much loved child, you would compare the MRF amongst different schools. It could be the academic achievements of the students, could be the class size....
Just like when you're searching the Pefect wife/husband, you would automatically judge the woman/man in front of you if s/he meets your MRF. It could be their height, their look.....
So, the same logic should be applied when it comes to Investment.
Before jumping to buy/sell, one has to ask themselves,
"What is the MRF at this particular moment of time?"
Given that I am deeply convinced the Greatest Recession is approaching since June 2007, I have been keeping any eye on, to me, the MRF since September 2007.
It is NOT,
- the Inflation Rate;
- the Growth Rate
- the Manufacturing Index;
- the Consumer Confidence Index;
- the Exporting Goods Index
- the Inventory Stock Index
-.............
But the Unemployment Rate!!!
Whatever happens, this Unemployment Rate is NOW the MRF at this particular moment.
It is a True Reflection of what is REALLY going on in this WWIII.
More and More people are being laid off.
Being laid off in China, Japan, Hong Kong, Australia, NZ, UK, Russia, Italy, Brazil, Argentina, India, USA.........
And I think whatever the Unemployment Rate is now, it will be increased by 50% by the end of year 2009 (i.e. if it's now 4%, it'll be 6% in a year time)
Remember, the Great Depression in the 1930's had the 25% Unemployment Rate.
And even in the 80's the US had a 10% Unemployment Rate.
Given that the current WWIII is a "Once in a Century Event", what do you think the Unemployment Rate will be?
An International Labour Association just released its findings.
For the first time in 10 years, there are about 2 Billion People are Unemployed Globally!
And in US, 200,000 jobs in the Financial Industry was gone this year. And it is estimated another 400,000 financial jobs will be gone in 2009.
And with More People being Unemployed, there will be More Instability.
Just look at the recent riot in Greece.
After assessing the MRF, you have to take the MRA - the Most Relevant Action.
Fate
Keep Your Money Safe
Tuesday, December 30, 2008
Thursday, December 25, 2008
The Truth
Remember the First Post of this blog, "The Beginning", published on 29 September 2008?
I'd mentioned in that Post, I FIRST warned others about the Coming CRASH back in June 2007 through the post, "The Secrets of Losing Millions" in the www.baby-kingdom.com website. (Please refer to "The Beginning" for the link)
I'd subsequently sent the Part 2-5 of the "Secrets of Losing Millions" to some selected parents.
The following is the Part 2 - now share with you.
THE FOLLOWING WAS SENT TO SOME PARENTS IN AUGUST 2007 (YES, NOT 2008)
There are a few things many Financial Advisers have got Very Wrong, which could just be a
Honest Mistake due to their Incompetence and Laziness, but could also simply be a Misleading with Intent for their Own Gains ( i.e . Commission or Fees)
***Investment with a Long Term View but with Short Time Strategies NOT = Investment is for the Long Term***
INCOMPETENT/INCONSIDERATE FINANCIAL ADVISERS
Do you know WHY most if not all Financial Advisers keep "Brain-Washing" you with this SEEMS to be Perfectly Logical Concept of,
Investment is for Long Term?
Because First, they DON'T want you to keep ringing them if the Shares keep dropping every day/week.
Because these "Experts" remind you IN ADVANCE,
"Don't worry about the Short Term Movements, Shares will Rise in the Long Term."
Because Second, in the Short Term, these "Experts'" will move to another post either in his own firm or to another firm!
Because these "Experts" enjoy changing job like any other workers in HK every 2-3 years!
So, it is highly likely these "Experts" will NOT actually be working for you for the Long Term!
Because Third, and most importantly, these "Experts" are basically ONLY "Salespersons".
Because these "Experts" earn UPFRONT Commission when you buy their recommended products, and earn More if you stay for Long Term!
These "Experts" mostly are either Incompetent or DON'T really care about you - they care about their and NOT your Earnings!!
Do a little experiment yourself.
Get the Business Card of the Bank Officer did your mortgage 2-3 years ago, see if she still works in the SAME office/branch, or even in the SAME bank!! (do the same for the person selling you an investment)
OVERSEA EXPERIENCE
When I was in Britain, I visited at least 5 so called "Independent Advisers".
They were not that Impressive at all.
They were NOT Independent from the start, as they would receive Commission from the Firm when a client acted on their recommendation!
I told one of them I would pay for his fee (rather than letting the Bank/Firm paying him).
He then told me he would now be More Comfortable and More Willingly to make True recommendation.
He also advised me for every 100 Sterling Pound a client invested for his recommendation, he would get between 2-5 Sterling pounds (i.e. 2-5%) during the WHOLE period that a client HAVING the Investment - this is another MAJOR reason for them to persuade you to Investing for Long Term!!
In Britain, there had been a BIG Mis-selling of several Investment Products during late 80s and 90s.
One of them was the "Endowment Policy" - a product combining a Life Insurance Policy & Investment Policy together.
Clients had NEVER been informed the CHARGE was so GREAT.
And, if a client had to sell the Policy WITHIN the first 7 Years of taking the Policy, they would still lose out!!!
In NZ, a 90-year-old Elderly was recommended by an "Expert" to take up a Financial Product that could NOT be cashed in for the First 5 Years! The Authority had condemned the Misleading "Expert"!
SO NEVER TRUST ANYONE THAT HAS AN ACTUAL/POTENTIAL CONFLICT OF INTERESTS.
INVESTING WITH DISCIPLINE & VISION
So, what is this,
"Investing with a Long Term View but with Short Term Strategies"?
This simply means,
"Be Patient first.
Then, DON'T be TOO Greedy and Have Discipline - Set & Stick to your Targets."
This means DON'T expect Price is to Rise/Fall within days or months.
It could take up to TEN Years for an Event to happen or to reach your Targeted Price/Return.
But remember, we are now living in a much more Complicated World.
Dramatic things Happen More Often and More Quickly (like Asian Crisis, 911, SARS), as well as our Own Circumstances are More Likely to Change and Change More Often these days (like sorry to say having a Divorce - 1 in 2 couples are having it anywhere in this world! A Serious Health Issue, an Unwanted legal Issue etc. etc..)
So, even investing with a Long Term View, one therefore has to prepare you MAY have to sell your Investment SOONER than you first expected - and at a LESS Favourable Price.
As such, NEVER BUY anything with a BAD Return from a Start or anything TOO Expansive, in the hope that in the Long Term, it will Rise or Rise Further!!
Also, if a Long Term Target is reached in Short Term - DON'T Wait - just cash in! As shares do up and down all the times!
For example, the Peregine (Pak Fu Cun).
Even it rose by more than 60% in two years, I didn't sell it, in the hope that it would rise further in the Long Run!
And in the end, Peregine gone bust and my shares became wall paper in 1998!!
I had made a Serious Mistake in this incident.
I never had a Target Price to sell from the start.
So, I just thought if the price rose by 60% in 2 years, this means it would rise by 150% in 5 years and 300% in 10 years!!!
Unfortunately there is NO Logic in Investment!
Set Realistic Targets
I now set a Target Return for share investment.
I aim to have a 100% return in about 5 years.
But, rather than waiting for the WHOLE 5 years before cashing in, I will cash in if the share SUDDENLY DOUBLE the rate I expect in a year, i.e. 40% within a year period (100% divided by 5 years = 20% a year)
Assuming I bought the share $10 last year on 31 Dec 2006.
And once the share price reaches $14 I will IMMEDIATELY SELL, regardless if SUCH price is reached tomorrow, next week or next month or by the end of this year. (i.e. WITHIN a year)
One Bird Actually in Hand NOW is Much Better than two Birds that MAY be in Bush 10 years LATER!
Hope you lot have got the Message.
Next Sunday, we'll move onto the Part 3,
"The Best Time to buy NOT= Trying to Time the Bottom of a market"
Cheers
Fate
Outstanding Education comes from YOURSELF - Your Ability to learn from Your Mistakes
REMEMBER THE ABOVE WAS SENT OUT IN AUG 2007 (YES, NOT 2008!)
Fate
Learn from Past, Plan for Future
I'd mentioned in that Post, I FIRST warned others about the Coming CRASH back in June 2007 through the post, "The Secrets of Losing Millions" in the www.baby-kingdom.com website. (Please refer to "The Beginning" for the link)
I'd subsequently sent the Part 2-5 of the "Secrets of Losing Millions" to some selected parents.
The following is the Part 2 - now share with you.
THE FOLLOWING WAS SENT TO SOME PARENTS IN AUGUST 2007 (YES, NOT 2008)
There are a few things many Financial Advisers have got Very Wrong, which could just be a
Honest Mistake due to their Incompetence and Laziness, but could also simply be a Misleading with Intent for their Own Gains ( i.e . Commission or Fees)
***Investment with a Long Term View but with Short Time Strategies NOT = Investment is for the Long Term***
INCOMPETENT/INCONSIDERATE FINANCIAL ADVISERS
Do you know WHY most if not all Financial Advisers keep "Brain-Washing" you with this SEEMS to be Perfectly Logical Concept of,
Investment is for Long Term?
Because First, they DON'T want you to keep ringing them if the Shares keep dropping every day/week.
Because these "Experts" remind you IN ADVANCE,
"Don't worry about the Short Term Movements, Shares will Rise in the Long Term."
Because Second, in the Short Term, these "Experts'" will move to another post either in his own firm or to another firm!
Because these "Experts" enjoy changing job like any other workers in HK every 2-3 years!
So, it is highly likely these "Experts" will NOT actually be working for you for the Long Term!
Because Third, and most importantly, these "Experts" are basically ONLY "Salespersons".
Because these "Experts" earn UPFRONT Commission when you buy their recommended products, and earn More if you stay for Long Term!
These "Experts" mostly are either Incompetent or DON'T really care about you - they care about their and NOT your Earnings!!
Do a little experiment yourself.
Get the Business Card of the Bank Officer did your mortgage 2-3 years ago, see if she still works in the SAME office/branch, or even in the SAME bank!! (do the same for the person selling you an investment)
OVERSEA EXPERIENCE
When I was in Britain, I visited at least 5 so called "Independent Advisers".
They were not that Impressive at all.
They were NOT Independent from the start, as they would receive Commission from the Firm when a client acted on their recommendation!
I told one of them I would pay for his fee (rather than letting the Bank/Firm paying him).
He then told me he would now be More Comfortable and More Willingly to make True recommendation.
He also advised me for every 100 Sterling Pound a client invested for his recommendation, he would get between 2-5 Sterling pounds (i.e. 2-5%) during the WHOLE period that a client HAVING the Investment - this is another MAJOR reason for them to persuade you to Investing for Long Term!!
In Britain, there had been a BIG Mis-selling of several Investment Products during late 80s and 90s.
One of them was the "Endowment Policy" - a product combining a Life Insurance Policy & Investment Policy together.
Clients had NEVER been informed the CHARGE was so GREAT.
And, if a client had to sell the Policy WITHIN the first 7 Years of taking the Policy, they would still lose out!!!
In NZ, a 90-year-old Elderly was recommended by an "Expert" to take up a Financial Product that could NOT be cashed in for the First 5 Years! The Authority had condemned the Misleading "Expert"!
SO NEVER TRUST ANYONE THAT HAS AN ACTUAL/POTENTIAL CONFLICT OF INTERESTS.
INVESTING WITH DISCIPLINE & VISION
So, what is this,
"Investing with a Long Term View but with Short Term Strategies"?
This simply means,
"Be Patient first.
Then, DON'T be TOO Greedy and Have Discipline - Set & Stick to your Targets."
This means DON'T expect Price is to Rise/Fall within days or months.
It could take up to TEN Years for an Event to happen or to reach your Targeted Price/Return.
But remember, we are now living in a much more Complicated World.
Dramatic things Happen More Often and More Quickly (like Asian Crisis, 911, SARS), as well as our Own Circumstances are More Likely to Change and Change More Often these days (like sorry to say having a Divorce - 1 in 2 couples are having it anywhere in this world! A Serious Health Issue, an Unwanted legal Issue etc. etc..)
So, even investing with a Long Term View, one therefore has to prepare you MAY have to sell your Investment SOONER than you first expected - and at a LESS Favourable Price.
As such, NEVER BUY anything with a BAD Return from a Start or anything TOO Expansive, in the hope that in the Long Term, it will Rise or Rise Further!!
Also, if a Long Term Target is reached in Short Term - DON'T Wait - just cash in! As shares do up and down all the times!
For example, the Peregine (Pak Fu Cun).
Even it rose by more than 60% in two years, I didn't sell it, in the hope that it would rise further in the Long Run!
And in the end, Peregine gone bust and my shares became wall paper in 1998!!
I had made a Serious Mistake in this incident.
I never had a Target Price to sell from the start.
So, I just thought if the price rose by 60% in 2 years, this means it would rise by 150% in 5 years and 300% in 10 years!!!
Unfortunately there is NO Logic in Investment!
Set Realistic Targets
I now set a Target Return for share investment.
I aim to have a 100% return in about 5 years.
But, rather than waiting for the WHOLE 5 years before cashing in, I will cash in if the share SUDDENLY DOUBLE the rate I expect in a year, i.e. 40% within a year period (100% divided by 5 years = 20% a year)
Assuming I bought the share $10 last year on 31 Dec 2006.
And once the share price reaches $14 I will IMMEDIATELY SELL, regardless if SUCH price is reached tomorrow, next week or next month or by the end of this year. (i.e. WITHIN a year)
One Bird Actually in Hand NOW is Much Better than two Birds that MAY be in Bush 10 years LATER!
Hope you lot have got the Message.
Next Sunday, we'll move onto the Part 3,
"The Best Time to buy NOT= Trying to Time the Bottom of a market"
Cheers
Fate
Outstanding Education comes from YOURSELF - Your Ability to learn from Your Mistakes
REMEMBER THE ABOVE WAS SENT OUT IN AUG 2007 (YES, NOT 2008!)
Fate
Learn from Past, Plan for Future
Wednesday, December 24, 2008
Stay Ahead
Just look at the latest figures.
Yesterday was the last full trading day of the Wall St.
So far the index has fell by about 36.5% from the beginning of the year - on track to be the Biggest Annual Loss since 1931, during the throes of the Great Depression.
Toyota, the World' No.2 car maker, has its First Operating Loss in 71 years!
For the First time of this WWIII, a church has been re-possessed in US - and there will be more to come!
The House Price fell at its Fastest Rate in 40 years in US since the record began in 1968!
Even the China is having a Major Problem in its CPI, Russia is suffering from its continue Depreciate currency, NZ has its THIRD Straight Quarter Contraction.........
So, do you still believe what some "Experts" say,
"The World Economy will recover by the end of 2009"?
In fact, the Worse is getting Even Worse.
I saw a programme "60 minutes +" last Thursday.
During which, it was revealed the WWIII is soon to have another Major Battle, claiming even More Financial Casualties.
The Sub-Prime US$1 Trillion Mortgage has already created a Bigger than Expected Global Damages. Now it would be the turn of another US$1 Trillion Alt A-A Mortgage and the US$600 Billion Arm Option Mortgage to Extend the Damages Further.
There are more and more Defaults on these two types of Mortgage, some of them will have to refix its Mortgage Rate next year, with a monthly payment of US$800 to be jumped to US$1,500!!
And this mean More and Bigger Problems!!
Not to mention the Commercial Building market is also Collapsing and Collapsing Fast, so is the Credit Card market !
And about 30 out of 50 US States are in desperate need of cash to keep essential services going. Two states have already used up the "Unemployment Benefits" fund!
Do NOT Buy Now - it's NOT Bottom yet.
Unless you Act Extremely Fast and are Extremely Lucky, allowing you to make a Quick 15-20% Quick Speculation Profit within a Quick Timeframe (5-hour trading)
Plan Ahead for More Tough Times Ahead.
Fate
Stay Two Steps Ahead or you'll be Bagged
Yesterday was the last full trading day of the Wall St.
So far the index has fell by about 36.5% from the beginning of the year - on track to be the Biggest Annual Loss since 1931, during the throes of the Great Depression.
Toyota, the World' No.2 car maker, has its First Operating Loss in 71 years!
For the First time of this WWIII, a church has been re-possessed in US - and there will be more to come!
The House Price fell at its Fastest Rate in 40 years in US since the record began in 1968!
Even the China is having a Major Problem in its CPI, Russia is suffering from its continue Depreciate currency, NZ has its THIRD Straight Quarter Contraction.........
So, do you still believe what some "Experts" say,
"The World Economy will recover by the end of 2009"?
In fact, the Worse is getting Even Worse.
I saw a programme "60 minutes +" last Thursday.
During which, it was revealed the WWIII is soon to have another Major Battle, claiming even More Financial Casualties.
The Sub-Prime US$1 Trillion Mortgage has already created a Bigger than Expected Global Damages. Now it would be the turn of another US$1 Trillion Alt A-A Mortgage and the US$600 Billion Arm Option Mortgage to Extend the Damages Further.
There are more and more Defaults on these two types of Mortgage, some of them will have to refix its Mortgage Rate next year, with a monthly payment of US$800 to be jumped to US$1,500!!
And this mean More and Bigger Problems!!
Not to mention the Commercial Building market is also Collapsing and Collapsing Fast, so is the Credit Card market !
And about 30 out of 50 US States are in desperate need of cash to keep essential services going. Two states have already used up the "Unemployment Benefits" fund!
Do NOT Buy Now - it's NOT Bottom yet.
Unless you Act Extremely Fast and are Extremely Lucky, allowing you to make a Quick 15-20% Quick Speculation Profit within a Quick Timeframe (5-hour trading)
Plan Ahead for More Tough Times Ahead.
Fate
Stay Two Steps Ahead or you'll be Bagged
Sunday, December 21, 2008
The BIGGEST Lie
Just look at More Lies.
1) The Asian Share Markets are to rise by 30% Next Year.
Claimed by the two top men in the Fidelity (Asia) Fund Management when launching a new Asia Fund last week.
Just ask yourself the following question.
If you find a $100 note from a dustbin everyday when you walking past it, would you tell anyone about this fact?
NO!
This is just a Simple Logic - Common Sense.
Because if you do, everyone is going to fight for that dustbin - and you'll never see it again!
So, if these two top men SINCERELY believe the Markets are REALLY to rise by 30%, do you think you REALLY have a chance to buy a share of the Fund they're promoting?
Of course NOT!
The two top men would have bought ALL the "Guaranteed 30% Profit" THEMSELVES!
Or Quietly &Quickly sell this "Must Win" Fund to ALL their Relatives and Closed Friends!
ALL Booked, Pre-sold even before you having a chance of finding out the name of the Fund!
Remember, these top men are "Salepersons"ONLY and they're just doing their job:
You take the Risk, they take your Cash!
2) The Current Credit Crunch is due to Banks do not trust each other and therefore not lending to each other
Claimed by most "Experts" ever since the Crunch started in July 2007.
The fact is, I believe,
Banks do NOT Trust THEMSELVES and therefore NOT lending others to Protect THEMSELVES!
The CEO, CFO etc. of every Bank have NOT got a glue what Exactly has been going on WITHIN its own Bank - how much money has been put into the CDO, how much money has been bet on the CDS, how many "Toxic' Assets it has on its Balance Sheet, which of its debtors are to default........
So, instead of lending out its spare cash, banks now have to keep its fund - just in case a Major Hidden Problem "Suddenly" Surface! Banks are now in a "Survival Mode".
3) The Global Financial Markets will Recover by the end of 2009
This is the Biggest Lie.
Remember, even ONE medium sized LOCAL firm in trouble requires at least 12 months to be turned around.
How long do you therefore think it needs to put THOUSANDS (if not tens of thousands) of BIG International Firms in DEEP Trouble in OVER 100 countries back on the track again?
The Worse is only beginning, gradually surfacing.
More & more firms collapsing every day.
More & more unskilled, skilled and Highly Professional workers are being laid off every day.
More & more unemployed protesting in streets every day etc.
Do you really think things will turn around within the next 12 months?
Stay Focus.
Never be FOOLED by these "Experts" again.
After all, these "Experts" have made you lost most if not all of your savings!
You have to accept the Greatest Depression is coming.
And it'll be here for a Long Haul.
Be Prepared, my Friends.
Fate
Best Preparation, Worst Expectation
1) The Asian Share Markets are to rise by 30% Next Year.
Claimed by the two top men in the Fidelity (Asia) Fund Management when launching a new Asia Fund last week.
Just ask yourself the following question.
If you find a $100 note from a dustbin everyday when you walking past it, would you tell anyone about this fact?
NO!
This is just a Simple Logic - Common Sense.
Because if you do, everyone is going to fight for that dustbin - and you'll never see it again!
So, if these two top men SINCERELY believe the Markets are REALLY to rise by 30%, do you think you REALLY have a chance to buy a share of the Fund they're promoting?
Of course NOT!
The two top men would have bought ALL the "Guaranteed 30% Profit" THEMSELVES!
Or Quietly &Quickly sell this "Must Win" Fund to ALL their Relatives and Closed Friends!
ALL Booked, Pre-sold even before you having a chance of finding out the name of the Fund!
Remember, these top men are "Salepersons"ONLY and they're just doing their job:
You take the Risk, they take your Cash!
2) The Current Credit Crunch is due to Banks do not trust each other and therefore not lending to each other
Claimed by most "Experts" ever since the Crunch started in July 2007.
The fact is, I believe,
Banks do NOT Trust THEMSELVES and therefore NOT lending others to Protect THEMSELVES!
The CEO, CFO etc. of every Bank have NOT got a glue what Exactly has been going on WITHIN its own Bank - how much money has been put into the CDO, how much money has been bet on the CDS, how many "Toxic' Assets it has on its Balance Sheet, which of its debtors are to default........
So, instead of lending out its spare cash, banks now have to keep its fund - just in case a Major Hidden Problem "Suddenly" Surface! Banks are now in a "Survival Mode".
3) The Global Financial Markets will Recover by the end of 2009
This is the Biggest Lie.
Remember, even ONE medium sized LOCAL firm in trouble requires at least 12 months to be turned around.
How long do you therefore think it needs to put THOUSANDS (if not tens of thousands) of BIG International Firms in DEEP Trouble in OVER 100 countries back on the track again?
The Worse is only beginning, gradually surfacing.
More & more firms collapsing every day.
More & more unskilled, skilled and Highly Professional workers are being laid off every day.
More & more unemployed protesting in streets every day etc.
Do you really think things will turn around within the next 12 months?
Stay Focus.
Never be FOOLED by these "Experts" again.
After all, these "Experts" have made you lost most if not all of your savings!
You have to accept the Greatest Depression is coming.
And it'll be here for a Long Haul.
Be Prepared, my Friends.
Fate
Best Preparation, Worst Expectation
Friday, December 19, 2008
More Lies
There are so many Liars around us.
Trying every opportunity to take money away from us.
It is happening in daylight, in a luxury office, in here and there......
It is a "Daylight Robbery"!
Because these Liars may appear as a CEO/Chairperson of a listed firm.
Claiming how good the firm has been performing when in fact the firm is soon to have Massive Write Off!
Claiming there will be double digit growth when in fact the firm is to have Huge Sales Decline!
Claiming there is no need to raise more Capital in the near future when in fact fund is raised Again in a month and at a Bigger Discount!
What do the above Liars want?
An Extremely Generous Pay Package?
A Big End of Year Bonus Payment?
A Golden Handshake for Departure? (even when being fired!!)
None of the above................................
But ALL of the above!
(And a Chairperson of an Australian Investment Bank had a Golden Handshake of A$20 Million when he retired about 6 months ago)
So, as expected, these Trusted and therefore Empowered Professionals will do anything, including LYING, to get their hands on BIG money! That is, instead of Working for the"Common Good", they only work for their OWN Good!
And in HK, we had a Drama happened at a TV Station recently.
It took God 7 days to make the World and it has taken us 12 days to see the "Inside World" of a Chairperson - a Liar in nature.
12 days ago, this Chairperson appearing in a Packed press conference, claiming he and his hand picked CEO would be closely working together to turn the 2nd TV station around. This Chairperson stressed at the time,
"We are to sit with Back to Back, covering each other's Back, working so closely Physically and Mentally together, there is nothing can possibly separate us."
And yet 12 days later (yes, NOT 12 Months or 12 Years!), they DID go separate way.
The SAME Chairperson appearing in a Even More Packed press conference, explaining why he had accepted the "Resignation" of his personally chosen CEO (even though the CEO had released a statement, claiming he had NEVER submitted any Resignation!)
"We have Irreconcilable Differences"
Do you still have Faith in this Chairperson?
About his Integrity - was he lying back then? Or is he lying now?
About his Ability - was he Incompetent back then? Or is he now acting on Impulse too?
Some Liars may appear as a Professional Economist/Analysts too.
Now forecasting the oil price to drop below US$40 when it is falling, when only a few months ago, he forecasted the oil price to rise to US$200 when of course the price was rising at the time!
Now forecasting HK economy to contract by 3% (i.e. -3%) next year when only a few months ago, claiming HK economy to expand by 2.2%! (i.e. +2.2%) !
These Liars want you to sell when they want to buy, want you to buy when they're selling!
What are the above Ugly Facts reminding you?
Trust Noone.
Trust noone in this ever changing financial world - the above so called "Professionals " are Guessing just like you and I.
And the ONLY Difference between them and us is
We do NOT lie to Ourselves.
Or, do you?
Fate
Be Honest. Be Fair. Be Prepared.
Trying every opportunity to take money away from us.
It is happening in daylight, in a luxury office, in here and there......
It is a "Daylight Robbery"!
Because these Liars may appear as a CEO/Chairperson of a listed firm.
Claiming how good the firm has been performing when in fact the firm is soon to have Massive Write Off!
Claiming there will be double digit growth when in fact the firm is to have Huge Sales Decline!
Claiming there is no need to raise more Capital in the near future when in fact fund is raised Again in a month and at a Bigger Discount!
What do the above Liars want?
An Extremely Generous Pay Package?
A Big End of Year Bonus Payment?
A Golden Handshake for Departure? (even when being fired!!)
None of the above................................
But ALL of the above!
(And a Chairperson of an Australian Investment Bank had a Golden Handshake of A$20 Million when he retired about 6 months ago)
So, as expected, these Trusted and therefore Empowered Professionals will do anything, including LYING, to get their hands on BIG money! That is, instead of Working for the"Common Good", they only work for their OWN Good!
And in HK, we had a Drama happened at a TV Station recently.
It took God 7 days to make the World and it has taken us 12 days to see the "Inside World" of a Chairperson - a Liar in nature.
12 days ago, this Chairperson appearing in a Packed press conference, claiming he and his hand picked CEO would be closely working together to turn the 2nd TV station around. This Chairperson stressed at the time,
"We are to sit with Back to Back, covering each other's Back, working so closely Physically and Mentally together, there is nothing can possibly separate us."
And yet 12 days later (yes, NOT 12 Months or 12 Years!), they DID go separate way.
The SAME Chairperson appearing in a Even More Packed press conference, explaining why he had accepted the "Resignation" of his personally chosen CEO (even though the CEO had released a statement, claiming he had NEVER submitted any Resignation!)
"We have Irreconcilable Differences"
Do you still have Faith in this Chairperson?
About his Integrity - was he lying back then? Or is he lying now?
About his Ability - was he Incompetent back then? Or is he now acting on Impulse too?
Some Liars may appear as a Professional Economist/Analysts too.
Now forecasting the oil price to drop below US$40 when it is falling, when only a few months ago, he forecasted the oil price to rise to US$200 when of course the price was rising at the time!
Now forecasting HK economy to contract by 3% (i.e. -3%) next year when only a few months ago, claiming HK economy to expand by 2.2%! (i.e. +2.2%) !
These Liars want you to sell when they want to buy, want you to buy when they're selling!
What are the above Ugly Facts reminding you?
Trust Noone.
Trust noone in this ever changing financial world - the above so called "Professionals " are Guessing just like you and I.
And the ONLY Difference between them and us is
We do NOT lie to Ourselves.
Or, do you?
Fate
Be Honest. Be Fair. Be Prepared.
Thursday, December 18, 2008
Lies
Did the name "Madoff" NOT ring any bell?
He is "Mad" and ran "off" with everyone's money!
Only > US$50 Billions!!
(I guarantee you the True Figure is much much Higher than this US$50 Billions, given that some of the money is "Dirty Money" and some Victims do not wish to come out )
How could this guy operating such a large scaled scam for over 14,600 days?
Did anyone NOT notice something was Wrong during all these times?
Of course not!
But why anyone would be bother to become the "Whistle Blower" or taking the warning from a "Whistle Blower" seriously, when everyone was making some good money?
Even though noone, for example, genuinely believes a broken plastic toilet seat could worth US$1,000 - how did it matter - another idiot is prepared to pay US$1,500 for it while there are more idiots knocking on the door, fighting to get the toilet seat for US$2,000!
Like Love, there is NO logic in investment.
Where is the Logic now :-
- when everyone knows how Big Money the Hedge Funds have, How Influential these Hedge Funds have become etc., and yet noone knows exactly what these Hedge Funds been doing!! They are Untouchable - NOT regulated!
And the funny bit?
They have been around for so many decades!
- a Liquidator could find about A$4,000 cash only from a collapsed Australian firm, even though the firm's own accounting book showing it should have over A$4 Million cash!
- a Director of a listed "Blue Chip" in HK had lost billions of cash after him speculating on the Accumulator, the loss is equivalent of 50% of the "Red Chip"'s Total Assets!
- many investors still trying to "Jump Into" the market, when it is obvious the market is to fall by at least another 60-70% from its current level!
So many Liars around.
Some of them showing you Impressive Graphs of Investment Return in a Meeting Room.
Some of them showing you Impressive Knowledge of Almost Every Firm on TV.
Some of them showing you Impressive Techincs of "Predicting" Market/Share Movements in Newspaper.
Some of them........
But, All of them have the SAME and ONLY ONE Objective,
making you to be DEPENDANT ON THEM.
So that, "You take the Risk, they take Your CASH!"
An Hour a Day (checking what's going on around the world)
Keep your Money Safe ( keep these "Ripping Off Experts away!)
Fate
Greed Breeds Lies
He is "Mad" and ran "off" with everyone's money!
Only > US$50 Billions!!
(I guarantee you the True Figure is much much Higher than this US$50 Billions, given that some of the money is "Dirty Money" and some Victims do not wish to come out )
How could this guy operating such a large scaled scam for over 14,600 days?
Did anyone NOT notice something was Wrong during all these times?
Of course not!
But why anyone would be bother to become the "Whistle Blower" or taking the warning from a "Whistle Blower" seriously, when everyone was making some good money?
Even though noone, for example, genuinely believes a broken plastic toilet seat could worth US$1,000 - how did it matter - another idiot is prepared to pay US$1,500 for it while there are more idiots knocking on the door, fighting to get the toilet seat for US$2,000!
Like Love, there is NO logic in investment.
Where is the Logic now :-
- when everyone knows how Big Money the Hedge Funds have, How Influential these Hedge Funds have become etc., and yet noone knows exactly what these Hedge Funds been doing!! They are Untouchable - NOT regulated!
And the funny bit?
They have been around for so many decades!
- a Liquidator could find about A$4,000 cash only from a collapsed Australian firm, even though the firm's own accounting book showing it should have over A$4 Million cash!
- a Director of a listed "Blue Chip" in HK had lost billions of cash after him speculating on the Accumulator, the loss is equivalent of 50% of the "Red Chip"'s Total Assets!
- many investors still trying to "Jump Into" the market, when it is obvious the market is to fall by at least another 60-70% from its current level!
So many Liars around.
Some of them showing you Impressive Graphs of Investment Return in a Meeting Room.
Some of them showing you Impressive Knowledge of Almost Every Firm on TV.
Some of them showing you Impressive Techincs of "Predicting" Market/Share Movements in Newspaper.
Some of them........
But, All of them have the SAME and ONLY ONE Objective,
making you to be DEPENDANT ON THEM.
So that, "You take the Risk, they take Your CASH!"
An Hour a Day (checking what's going on around the world)
Keep your Money Safe ( keep these "Ripping Off Experts away!)
Fate
Greed Breeds Lies
Monday, December 15, 2008
Trust
I came home late on Saturday night, turned on the TV and switched to the Cable News Channel.
The newsboardcaster reporting a forum titled,
"How to deal with the Financial Tsunami in 2009?",
showing a quick glimpse of a so called expert (a MD of Unit trust) saying so confidently,
"According to the historical P/E, HSI at the current 15,000 points is at the "Bottom"......"
I just could NOT stop shaking my head.
Guys like these, the Faked Experts, keep Openly stating the False Conclusion because either,
- they DO think they are Right, meaning they are Incompetent;
(Price for Lehman Brothers was US$64 in 9/07 and in 9/08? It was........ 0!!! Historical P/E just a Joke!)
OR
- they DO know that they are Wrong, meaning they are Cunning!!
(So that they could make money out of you, regardless whether you win or lose!! They make sure YOU take the Risk, they take YOUR Money!!)
Then, I read the newspaper about a "Pyramid Scheme", the Biggest of its kind, operated by the Once Well Respected Ex-Chairman of (US) NASDAQ, Bernard Madoff. (Did his surname NOT giving you any Warning?)
In fact, this could be the Biggest Fraud ever - even the Japan Largest Broking Firm, Europe 2nd Largest Bank, the World's 4 Largest Bank etc. are Victims. It is believed US$50 Billion is involved.
Did I not warn you lot before,
"There is only one kind of expert in the Financial World - the Ripping Off Expert!"
"The so called experts that appearing everyday in TV, Newspaper etc. are Salepersons only!"
"Anyone trying to make you Dependant on them - Runaway from them - Runaway from them FAST!"
How one could Trust anyone has a CONFLICT OF INTEREST to manage their Hard Earned Cash is always beyond my Imagination. (NOT to mention the facts that they have NEVER met this "Expert"before, "Experts" Much Younger than them, "Experts" have Much Less Wealth than them etc.!)
Some have paid a High Price for Mistrust.
Just look at how the "I Kill You Later" (i.e. Accumulator) has done to the Billionaires!
Just listen to those having a Less Biased View:
The Chairman of the Chinese Securities Commission,
"The Damage of the current Financial Tsunami has NOT fully surfaced. The Damage so far has costed about US$7,000 Billions and the final bill could reach US$3 Trillions......."
This means ONLY about 25% Damages has surfaced.
The Economic Affairs Consultant for HSBC (also once served as the same role for the HK Government),
"Due to the current Financial Tsunami, it will probably take HK economy 5 years to recover"
Be well prepared, my Friends - the WORST has yet to come - wait after the Christmas, wait after the Chinese new Year. More Bad News to come.
Do NOT Routinely, Completely Trust ANYONE - unless they have proved themselves.
Even then, NEVER Drop your Guide, because people's Characters DO change overtime because their Circumstances constantly change overtime.
So, I could NOT tell you how honour I have been when my old friend (known for 26 years) has agreed to take on 50% of the publishing cost of my to be published book - this's a vote of Trust.
The Book is my "Payback" to the community - a Charity Project.
Fate
Be Your OWN Fund Manager
p.s. Thanks Fiona for your comment to my "Face to Face with My OWN Fate". I am glad that you have found something useful in this blog.
The newsboardcaster reporting a forum titled,
"How to deal with the Financial Tsunami in 2009?",
showing a quick glimpse of a so called expert (a MD of Unit trust) saying so confidently,
"According to the historical P/E, HSI at the current 15,000 points is at the "Bottom"......"
I just could NOT stop shaking my head.
Guys like these, the Faked Experts, keep Openly stating the False Conclusion because either,
- they DO think they are Right, meaning they are Incompetent;
(Price for Lehman Brothers was US$64 in 9/07 and in 9/08? It was........ 0!!! Historical P/E just a Joke!)
OR
- they DO know that they are Wrong, meaning they are Cunning!!
(So that they could make money out of you, regardless whether you win or lose!! They make sure YOU take the Risk, they take YOUR Money!!)
Then, I read the newspaper about a "Pyramid Scheme", the Biggest of its kind, operated by the Once Well Respected Ex-Chairman of (US) NASDAQ, Bernard Madoff. (Did his surname NOT giving you any Warning?)
In fact, this could be the Biggest Fraud ever - even the Japan Largest Broking Firm, Europe 2nd Largest Bank, the World's 4 Largest Bank etc. are Victims. It is believed US$50 Billion is involved.
Did I not warn you lot before,
"There is only one kind of expert in the Financial World - the Ripping Off Expert!"
"The so called experts that appearing everyday in TV, Newspaper etc. are Salepersons only!"
"Anyone trying to make you Dependant on them - Runaway from them - Runaway from them FAST!"
How one could Trust anyone has a CONFLICT OF INTEREST to manage their Hard Earned Cash is always beyond my Imagination. (NOT to mention the facts that they have NEVER met this "Expert"before, "Experts" Much Younger than them, "Experts" have Much Less Wealth than them etc.!)
Some have paid a High Price for Mistrust.
Just look at how the "I Kill You Later" (i.e. Accumulator) has done to the Billionaires!
Just listen to those having a Less Biased View:
The Chairman of the Chinese Securities Commission,
"The Damage of the current Financial Tsunami has NOT fully surfaced. The Damage so far has costed about US$7,000 Billions and the final bill could reach US$3 Trillions......."
This means ONLY about 25% Damages has surfaced.
The Economic Affairs Consultant for HSBC (also once served as the same role for the HK Government),
"Due to the current Financial Tsunami, it will probably take HK economy 5 years to recover"
Be well prepared, my Friends - the WORST has yet to come - wait after the Christmas, wait after the Chinese new Year. More Bad News to come.
Do NOT Routinely, Completely Trust ANYONE - unless they have proved themselves.
Even then, NEVER Drop your Guide, because people's Characters DO change overtime because their Circumstances constantly change overtime.
So, I could NOT tell you how honour I have been when my old friend (known for 26 years) has agreed to take on 50% of the publishing cost of my to be published book - this's a vote of Trust.
The Book is my "Payback" to the community - a Charity Project.
Fate
Be Your OWN Fund Manager
p.s. Thanks Fiona for your comment to my "Face to Face with My OWN Fate". I am glad that you have found something useful in this blog.
Friday, December 12, 2008
ZERO
Swiss just cut its interest rate to 0.5%.
And soon US is to be also at o.5% if not 0.25%.
Even at 0.5%, it'll be the Lowest since 1941!!
Remember when US first had its interest rate at 1% around the end of 2003?
That was (at 1%) the Lowest Rate since 1958.
That's when the current Bubble started and many people made BIG money for the following 3 years before the Sub-Prime Problem surfaced - thanks to the Exceptionally Low rate.
Now, we 're back to where we were - from interest rate point of view.
And how're you going to benefit from this time around, when the rate is Even Lower and very soon we're entering the "ZERO" Rate Era?
What should have happened in 160-year time, has been happening in the last 16 months - have you finally figured out the Best Way Forward?
Have you NOT learnt from the 97 Asian Crisis?
Have you NOT learnt from the 2001 Technology Bubble?
Have you NOT learn from 911?
Have you NOT learnt from SARS?
This time could be your LAST chance to be a Winner for the Coming Global Depression.
Your Last Chance to gain back the 50%+ Loss you have suffered so far.
Think Twice Before You Act.
Fate
Globally Thinking, Local Gaining
And soon US is to be also at o.5% if not 0.25%.
Even at 0.5%, it'll be the Lowest since 1941!!
Remember when US first had its interest rate at 1% around the end of 2003?
That was (at 1%) the Lowest Rate since 1958.
That's when the current Bubble started and many people made BIG money for the following 3 years before the Sub-Prime Problem surfaced - thanks to the Exceptionally Low rate.
Now, we 're back to where we were - from interest rate point of view.
And how're you going to benefit from this time around, when the rate is Even Lower and very soon we're entering the "ZERO" Rate Era?
What should have happened in 160-year time, has been happening in the last 16 months - have you finally figured out the Best Way Forward?
Have you NOT learnt from the 97 Asian Crisis?
Have you NOT learnt from the 2001 Technology Bubble?
Have you NOT learn from 911?
Have you NOT learnt from SARS?
This time could be your LAST chance to be a Winner for the Coming Global Depression.
Your Last Chance to gain back the 50%+ Loss you have suffered so far.
Think Twice Before You Act.
Fate
Globally Thinking, Local Gaining
Thursday, December 11, 2008
Panic Room
I never feel nervous when walking into a Conference Room to present a talk.
I never feel unease when walking into a Meeting Room to present an idea.
But, I always feel the "Pain" every time when me thinking about the Dentist Room.
Yes, that is, when NOT even being physically in the room.
Just thinking about the Dental Appointment could make me Depressed.
While waiting outside the Dentist Room, I always start visualising the "Happiness" 20 minutes later.
Yes, I always remind myself it is NOT myself sitting on the chair - it's someone else.
Or, alright it's me sitting there - but only my Body, my Mind is somewhere else. So I do NOT feel any pain.
But, for a change, for the first time in the last 12 years (?), I did NOT feel Pain during this morning Dental Appointment!
Was it because I had a New Dentist?
Was it because it was a Female Dentist - more Gentle in the "Brutal Washing"?
Or was it because she was talking while washing, distracting my attention from the "Nerve Breaking Washing Noise"?
Or was it because I've given the Best Efforts in like using Soft Head Brush, Sensitive Toothpaste, Wax, Mouth Wash etc.?
Or was it because I've prepared for the Worst (i.e to get all these Blood and Pain from the "Tooth Washing") and yet the Worst has NEVER come?
So, have you been preparing for the Worst?
Given that :
- the Yield for Short Time US Bond is 0 (on some days even Negative Rate)
- the Chinese Economy is slowing down Much Worse than expected
- the Korean Central Bank just made the Biggest Rate Cut in history,
- the Canadian Central Bank just had Rate Cut larger than most expected
- the Australian Unemployment Rate rose to its one year High
- the Banking System of HK, Australia etc. just been Downgraded etc., all these have reminded us only one thing,
"The Worst has YET to come"
Fate
Preparing For the Worst
I never feel unease when walking into a Meeting Room to present an idea.
But, I always feel the "Pain" every time when me thinking about the Dentist Room.
Yes, that is, when NOT even being physically in the room.
Just thinking about the Dental Appointment could make me Depressed.
While waiting outside the Dentist Room, I always start visualising the "Happiness" 20 minutes later.
Yes, I always remind myself it is NOT myself sitting on the chair - it's someone else.
Or, alright it's me sitting there - but only my Body, my Mind is somewhere else. So I do NOT feel any pain.
But, for a change, for the first time in the last 12 years (?), I did NOT feel Pain during this morning Dental Appointment!
Was it because I had a New Dentist?
Was it because it was a Female Dentist - more Gentle in the "Brutal Washing"?
Or was it because she was talking while washing, distracting my attention from the "Nerve Breaking Washing Noise"?
Or was it because I've given the Best Efforts in like using Soft Head Brush, Sensitive Toothpaste, Wax, Mouth Wash etc.?
Or was it because I've prepared for the Worst (i.e to get all these Blood and Pain from the "Tooth Washing") and yet the Worst has NEVER come?
So, have you been preparing for the Worst?
Given that :
- the Yield for Short Time US Bond is 0 (on some days even Negative Rate)
- the Chinese Economy is slowing down Much Worse than expected
- the Korean Central Bank just made the Biggest Rate Cut in history,
- the Canadian Central Bank just had Rate Cut larger than most expected
- the Australian Unemployment Rate rose to its one year High
- the Banking System of HK, Australia etc. just been Downgraded etc., all these have reminded us only one thing,
"The Worst has YET to come"
Fate
Preparing For the Worst
Tuesday, December 9, 2008
Face to Face with MY OWN Fate
On (Sun) 7 Dec, there was a Big Crowd.
It was so Crowdy that the Police had taken Crowd Control Measures.
In fact, the Crowd was about 115,000 - yes, I was talking about the "Computer Festival".
My "Face to Face with Fate"?
Well, as expected.......................................
0!!!
Yes, Zero! None!
I had waited for 10 minutes - NOONE turned up, well, except probably a stray dog passing by!
Never Mind, this's Life - Try your Best & Prepare for the Worst.
At least I was Right - I did NOT expect anyone turning up.
During that 2 hours, I'd managed to,
- Have a snap (Gosh! I've been so tired)
- Noted down the new 12-15 Titles for the related Chapters for the to be Published (or should say, to be Completed!) New Book
- Come up with an idea to form a Partnership with my old University Mates in publishing the New Book ("Win Win" Situation?)
I always believe,
"How Successful a person is depends very much on How they handle Failures & Frustrations"
How you have been responding to the recent surge in share markets?
Have you been selling every time the markets rebound?
This could be your Last Chance.
Fate
Smiling Face changes your Fate
It was so Crowdy that the Police had taken Crowd Control Measures.
In fact, the Crowd was about 115,000 - yes, I was talking about the "Computer Festival".
My "Face to Face with Fate"?
Well, as expected.......................................
0!!!
Yes, Zero! None!
I had waited for 10 minutes - NOONE turned up, well, except probably a stray dog passing by!
Never Mind, this's Life - Try your Best & Prepare for the Worst.
At least I was Right - I did NOT expect anyone turning up.
During that 2 hours, I'd managed to,
- Have a snap (Gosh! I've been so tired)
- Noted down the new 12-15 Titles for the related Chapters for the to be Published (or should say, to be Completed!) New Book
- Come up with an idea to form a Partnership with my old University Mates in publishing the New Book ("Win Win" Situation?)
I always believe,
"How Successful a person is depends very much on How they handle Failures & Frustrations"
How you have been responding to the recent surge in share markets?
Have you been selling every time the markets rebound?
This could be your Last Chance.
Fate
Smiling Face changes your Fate
Saturday, December 6, 2008
Tomorrow Could be the Day
Tomorrow could be the Day that change your Life. (And Mine too)
You could then understand NOONE is More Qualified than yourself to look after your Own Hard Earned Cash;
You could then understand NOTHING could replace Own Hard Work;
You could then understand ANYTHING could happen in this WWIII.
With a bit of Luck, I'll see you at 1000 hrs outside the Mong Kok Police Club Tomorrow Morning. (For details, please refer to my 30 Oct blog)
Again, NO Waiting is Forever, I'll wait for 10 Minutes only. After all, Timing is Everything in Investment.
Fate
Opportunity Comes Everyday
You could then understand NOONE is More Qualified than yourself to look after your Own Hard Earned Cash;
You could then understand NOTHING could replace Own Hard Work;
You could then understand ANYTHING could happen in this WWIII.
With a bit of Luck, I'll see you at 1000 hrs outside the Mong Kok Police Club Tomorrow Morning. (For details, please refer to my 30 Oct blog)
Again, NO Waiting is Forever, I'll wait for 10 Minutes only. After all, Timing is Everything in Investment.
Fate
Opportunity Comes Everyday
Thursday, December 4, 2008
What's Your Denial?
Life is Great if everything you want Happens.
But, unfortunately Life is the other way - whatever you do NOT want often Happen!
Just like I never want to deal with a Flat Tyre.
I often pretend myself to be a "Man of Brain" and NOT a "Man of Hands"
So, I just keep convincing myself I never have to change a Flat Tyre.
But, I had to encounter the problem Three times.
"Yes, You Once, Twice, Three Times a...........................Flat Tyre."
The first one happened about 4 years ago, when me driving with my family from Auckland to Wellington. My rear tyre got a puncture, then I panicked because we're in the middle of nowhere and it's about to rain.
Thank God I got a helping hand from a passing by driver, though he did make me worried when him stopping his car and walked towards us. He looked really Rough..............but was later proved himself to be really Kind. Not only he changed my Flat Tyre within minutes, but he also gave my children sweets!
The second time was about 6 months ago, happened right outside my driveway!
My neighbour ran towards me to stop me driving, alerting me I got a Flat Tyre. So, my neighbour changed the tyre for me.
So I bought him a nice Chinese takeaway meal!!
So, I thought I was really Lucky and will continue to be Lucky - there will be NO NEED to learn how to change a Flat Tyre.
Then came the Surprise.
After leaving the local cafe and on my way to the capark 5 days ago, I noticed the rear tyre of my car was flat! Once again I was panicked - because in less than 8-hour time, I should be checking-in at the Brisbane International Airport for my HK flight!
Then came my Helper ------------- I thought.
I saw a male parking his car near mine. So I thought Luck had come to me the third time!
But when seeing him leaving his car, I was terribly disappointed - he had a plaster on his right arm!!
So, No More Escape - had to face my Own Fate - took up the Owner's Manual and start reading the Chapter, "Changing a Flat Tyre"!
It took me more than 40 minutes to read, try, scream, sw??? , a black face, a pair of black hands and a black trousers to finally complete the task - the once I thought Mission Impossible!
My wife actually came and kissed me, congratulating me, saying
"I'm so proud of you!!"
Yes, I was so proud of myself too! I did it!
I have always tried to avoid "Facing my Weakest Side".
They call it "Denial"
If you think Nothing is Possible, then think again.
If NZ could smash its biggest rate cut of 1.5% since its record began;
If Sweden could made an unprecedented rate cut of 1.75%.; and
If I could change a Flat Tyre MYSELF!
Then everything is Possible.
Is it possible for you to Face Your Own Fate - and Learn from Your Own Mistake?
What is your Denial?
Fate
Face Yourself or face the Consequences
But, unfortunately Life is the other way - whatever you do NOT want often Happen!
Just like I never want to deal with a Flat Tyre.
I often pretend myself to be a "Man of Brain" and NOT a "Man of Hands"
So, I just keep convincing myself I never have to change a Flat Tyre.
But, I had to encounter the problem Three times.
"Yes, You Once, Twice, Three Times a...........................Flat Tyre."
The first one happened about 4 years ago, when me driving with my family from Auckland to Wellington. My rear tyre got a puncture, then I panicked because we're in the middle of nowhere and it's about to rain.
Thank God I got a helping hand from a passing by driver, though he did make me worried when him stopping his car and walked towards us. He looked really Rough..............but was later proved himself to be really Kind. Not only he changed my Flat Tyre within minutes, but he also gave my children sweets!
The second time was about 6 months ago, happened right outside my driveway!
My neighbour ran towards me to stop me driving, alerting me I got a Flat Tyre. So, my neighbour changed the tyre for me.
So I bought him a nice Chinese takeaway meal!!
So, I thought I was really Lucky and will continue to be Lucky - there will be NO NEED to learn how to change a Flat Tyre.
Then came the Surprise.
After leaving the local cafe and on my way to the capark 5 days ago, I noticed the rear tyre of my car was flat! Once again I was panicked - because in less than 8-hour time, I should be checking-in at the Brisbane International Airport for my HK flight!
Then came my Helper ------------- I thought.
I saw a male parking his car near mine. So I thought Luck had come to me the third time!
But when seeing him leaving his car, I was terribly disappointed - he had a plaster on his right arm!!
So, No More Escape - had to face my Own Fate - took up the Owner's Manual and start reading the Chapter, "Changing a Flat Tyre"!
It took me more than 40 minutes to read, try, scream, sw??? , a black face, a pair of black hands and a black trousers to finally complete the task - the once I thought Mission Impossible!
My wife actually came and kissed me, congratulating me, saying
"I'm so proud of you!!"
Yes, I was so proud of myself too! I did it!
I have always tried to avoid "Facing my Weakest Side".
They call it "Denial"
If you think Nothing is Possible, then think again.
If NZ could smash its biggest rate cut of 1.5% since its record began;
If Sweden could made an unprecedented rate cut of 1.75%.; and
If I could change a Flat Tyre MYSELF!
Then everything is Possible.
Is it possible for you to Face Your Own Fate - and Learn from Your Own Mistake?
What is your Denial?
Fate
Face Yourself or face the Consequences
Tuesday, December 2, 2008
Change Your Thinking
Wall St fell by about 680 points (7.7.%) overnight.
And the Reason?
"It is now Finally, Officially Confirmed US entered Recession LAST DEC!!"
Some of you had received my Email back in LAST DEC, at the time I stated,
"It was my Christmas Gift to you, reminding you US is ALREADY in Recession - how you are to protect yourself?"
Remember, Investing is all about "Thinking Ahead".
If one just waits for the Official Confirmation like this - you might have already lost 50-60% of your Wealth for failing to ACT before this WWIII!
And now even the Chinese Yuan is falling against US$ - defying the Appreciation trend since July 2005. So, what about Japanese Yen? Will it change its recent trend - being the ONLY currency keeps rising and rising against US$? How could a country that seems to have NEVER come out of Recession for the last 18 years could have such a Strong Currency?
The Reserve Bankof Australia (RBA) just made yet another 1% cut in its interest rate.
Some commentators stated back in September, once RBA starts to cut rate, the interest rate cutting cycle usually lasts for at least 2 years.
But remember, those days the rate was cut by 0.25% in one go. Whereas this time around, the rate was cut by 0.5%, 1%, 1%..... so what normally took 10 cuts (i.e. 10 months) in the past now needs only 3 cuts, so proportionally the circle should end 3 times sooner!!
And even at 4.25%, A$ is still 4.25 TIMES MORE than the US 1% rate!
Meanwhile, if one has a closer look of what the Chinese Stimulus Plan (and HK's too) offers should have noticed Big Money will be put into Building/Rebuilding "Infrastructures" (e.g. some of which into the Earthquake Effected Zone).
And Australia, being the Leading Steel, Iron, Copper etc. Exporting Country AND more closely linked to the Chinese Economy is Better Positioned than Most if not all Western Countries. (It remains the very few Western Countries that has a Positive Growth)
Do you think A$ will stay at HK$5 for long when its similar C$ is about HK6.2 at present?
If you intend to make a gain in the current "Mostly Losers" climate, you have to be "Two Steps Ahead."
To have a "New Thinking for the New Crisis."
Or insist on keeping your Old Thinking and Become Yet Another New Victim of the Never Ending WWIII.
Fate
Change Your Thinking, Change Your Fate
And the Reason?
"It is now Finally, Officially Confirmed US entered Recession LAST DEC!!"
Some of you had received my Email back in LAST DEC, at the time I stated,
"It was my Christmas Gift to you, reminding you US is ALREADY in Recession - how you are to protect yourself?"
Remember, Investing is all about "Thinking Ahead".
If one just waits for the Official Confirmation like this - you might have already lost 50-60% of your Wealth for failing to ACT before this WWIII!
And now even the Chinese Yuan is falling against US$ - defying the Appreciation trend since July 2005. So, what about Japanese Yen? Will it change its recent trend - being the ONLY currency keeps rising and rising against US$? How could a country that seems to have NEVER come out of Recession for the last 18 years could have such a Strong Currency?
The Reserve Bankof Australia (RBA) just made yet another 1% cut in its interest rate.
Some commentators stated back in September, once RBA starts to cut rate, the interest rate cutting cycle usually lasts for at least 2 years.
But remember, those days the rate was cut by 0.25% in one go. Whereas this time around, the rate was cut by 0.5%, 1%, 1%..... so what normally took 10 cuts (i.e. 10 months) in the past now needs only 3 cuts, so proportionally the circle should end 3 times sooner!!
And even at 4.25%, A$ is still 4.25 TIMES MORE than the US 1% rate!
Meanwhile, if one has a closer look of what the Chinese Stimulus Plan (and HK's too) offers should have noticed Big Money will be put into Building/Rebuilding "Infrastructures" (e.g. some of which into the Earthquake Effected Zone).
And Australia, being the Leading Steel, Iron, Copper etc. Exporting Country AND more closely linked to the Chinese Economy is Better Positioned than Most if not all Western Countries. (It remains the very few Western Countries that has a Positive Growth)
Do you think A$ will stay at HK$5 for long when its similar C$ is about HK6.2 at present?
If you intend to make a gain in the current "Mostly Losers" climate, you have to be "Two Steps Ahead."
To have a "New Thinking for the New Crisis."
Or insist on keeping your Old Thinking and Become Yet Another New Victim of the Never Ending WWIII.
Fate
Change Your Thinking, Change Your Fate
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