Thursday, October 16, 2008

Yep. "Dead cat bounce"

See? http://sg.news.yahoo.com/afp/20081016/tts-finance-banking-world-c1b2fc3.html

I believe there will be a day whereby it all will come crashing down foever, but fortunately, this is not that day. However, the fundamentals have changed and the world leaders are looking for a complete overhaul of the financial system. Has it happened before? Yes. So it's nothing new.

Something constructive: Diversify. It's true that if the world financial system is destroyed, everything related to it will be killed in its path. That means your banking system, maybe even government financial systems will also go under. If that happens, it doesn't matter where you put it, so let's not bother about that scenario, 'cause we'd all probably just say, "Ah well", and go plow the fields.

However, if you prefer not to self-prophecy a doomsday scenario (that is likely not to happen yet) and take care of today, separate your investments about. There are Lifestyle Funds, there are single premium endowment plans. Returns won't be double digit, but at least you can be quite certain you have returns that is quite worth the wait.

Why not?

No comments: