About 18 months ago, many many HK people were rushing to invest - thanks to the daily "Brain Washing" in the newspapers, radio talk show, TV financial programmes. All these so called "Experts" kept scaring small investors,
"Inflation is eating into your savings."
"How could you beat the 0.01% interest rate on your saving accounts?"
With the benefit of hindsight, you can now take a breathe and assess what Damages have been done after taking the advice of the above "Experts" to your Pockets!
You are good if you are losing 30% - many are losing 50% and some losing over 70%!!
And the reason was : They thought they HAD to invest!!
As mentioned in my E Mail sent to several parents back in Aug 2007 (i.e. 15 months ago)
"One does NOT have to do anything can still make a Good Return."
Because when the Recession arrives, your SAME amount of money WILL buy More.
It's the ACTUAL Buying Power and NOT the Nominal Value of your Money that matters.
Also, after passing their Record High in July 2008, Petrol, Gold, A$, NZ$, Sterling Pounds, other Commodities etc., they have dropped at least over 30% - but now you have NO money to capitalise this Great Opportunity! Same to the shares markets, even Blue Chips could rise and fall over 20% in a day!
So, what was the Rush?
Remember, there is AT LEAST One Opportunity Every 10 years.
Remember, Rushing to Buy is Rushing to "Bye" - saying "Bye" to your Hard Earned Cash!
Fate
Keep Your Capital
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment