God, I'm feeling numb now..! After months of heart broken, some panic and a close shave from despair.. this is what I've come with. Yet, I'm survived. Gee..!
I am looking at an over 500 point loss in the Dow without feeling a thing, a 15% down in Hongkong felt like watching something amusing and a circuit breaker suspension at Nikkei just like a heartbeat.
Watching AUD
It's partly panic, that's what the expert says, investors just trying to get hold of cash above everything! And at some stage everybody is going to reasses their ballance and portfolio, and hopefully things will start to change.
I'll put it in capital letters : HOPEFULLY! (as investor seems to have priced in nearly all worst case scenarios).
I'll put it in capital letters : HOPEFULLY! (as investor seems to have priced in nearly all worst case scenarios).
Just Stay on the Beach, Out of the Water!!
This won't go down well with my boys, I assure you, but of course we're not talking about a real white sandy beach at Surfers.
In the current stock market's condition, probably is best to do nothing at this moment.
Capitaling and holding on to the cash is not a good idea for some reason and putting your toe in the water is probably not the best action either.
Best thing is to be cautious, unlike what I have done last week, when I put a stack of cash from my husband's account into MGX (Mount Gibson Iron). I got MGX reasonably cheap, I think, but then turn out that I was catching a fallen knife. Ouch!!
In the current stock market's condition, probably is best to do nothing at this moment.
Capitaling and holding on to the cash is not a good idea for some reason and putting your toe in the water is probably not the best action either.
Best thing is to be cautious, unlike what I have done last week, when I put a stack of cash from my husband's account into MGX (Mount Gibson Iron). I got MGX reasonably cheap, I think, but then turn out that I was catching a fallen knife. Ouch!!
I am Witnessing a History
History, at least for me, myself.
The facts that the index went up and down in a huge range everyday has left me astonished, bewildered, or whatever you call it. For a few moments I forget about the mounting of paper loss, and just left the opportunity to trade untouched.
Gee, how many people make a fortune from this condition (and of course, how many people got burned)
As for now, I am watching the movement of USD$, AUD$ and MYR.
RUL.ASX is fine.. (for now)
Survivors - Australia
I am still here, surviving the crash, or barely.. only with my portfolio worth 60-70 % less than two or three months ago. Lucky thing is that it's all mine, no debt or margin involved in it. So no, I am not capitulating.
The fact that Australian dollar is one of the worst performer, having lost around 40% of its value compare to USD, even make it harder for me to swallow. This makes our saving in AUD down 40% of its worth as we speak. To make thing worse, we live overseas with Australian dollars income.
Suppose it useless to try to go against the stream, when we can not change anything of what happen in the world.
So thanks God we still here.. safe and sound.. surviving the crash, God willing..
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