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.

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

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

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

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

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

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