Might be good time...

I know that with the economic going down, it's spell good time to buy stock at discounted price, maybe not this year, but next year.
Now we just step in recession, so I presumed it will spiral down abit, before it rebound. So next year might be a good time to buy share at low price, especially blue-chip stocks. Buy low, sell high, it's a good profit.
But problem is I've not sufficient cash to invest, due to my divorce. I'm also worried what if next year not as what I've assumed, I might lose all my money. With divorce underway, the last thing I want is to risk all my saving. Still there's the temptation of reaping profit out of the bad time.
It's the best time to invest, as their market value will be inflated, and your profit will be maximized when the market pick up, but that's also provided if you have the spare cash flow to move.
If not for divorce, I would have the spare cash flow, but now everything is uncertain. There's the risk I've to take. The possiblity of losing or insufficient cash to furnish the children lives. It's a risk I've to ponder. Without him contributing a single cent to the children or family, my money is tight.
For now I'm going to continue monitor the market and think seriously my risk. Hopefully my analyzing skill not that bad...

Assurance - MAS

With the collasped of Lehman, alot of investors in sg is being affected. I read one article from Straits Time, an old lady lost $100,000 of her life-saving. It was heart-wrenching. She's old and all her life-saving all gone.
What I learned from news were that those investors appealed to MAS for help in regard to their investment in Lehman. But despite assurance from MAS, they were still upset. I guessed it's emotion, especially for those above 55. They are the vulnerable type, and the money supposingly is meant for their retirement. I can symapathize that.
I learned they even went to see their MP for solution. With all the downturn of the economic worldwide, who can blame them for their jittery. If I were in their shoes, I might do that too.
How long is the recession going to last, and how bad it's going to be? All I can see is that it's going to be worse, Asia market is only seeing the beginning of the downturn.

Recession hit SG

Today news sure wasn't encouraging. It's mentioned: "It's official, SG economy is in recession." The last technical recession was in 2002 and the full scale recession was in 2001.
Even our labour chief mentioned that wages cut and retrenchment will be ahead. I think I should be grateful that I still have a job.
I hope thing won't be hit to hard, cos sure affect alot of people not just me. Imagine those lower income families, how are they going to cope with the uncertainty and rising cost. This is scary and worrying. I remembered last time when recession hit sg, I wasn't fazed at all, cos I'm single and a student. I can't empathized the situtation, simply passing off as a phase. Sympathized yes, cos of the constant bad news, and stressed faces.
Now being in the situation myself, I can fully understand the anxiety and concerned many working adults have.
Even though, we know it's a phase that will be over, but when can we walk out of the maze. That's the question..........
For now, what we can do is to budget our expenses, limit spending and no holiday, especially me. Now still undergoing divorce, with Aaron so cruel not giving me a single cent, I sure have to crack my brain to save and earn extra income.

Stock market tumble

Today stock market continue to tumble, with lots of discouraging words from investors. I could see that the impact is slowly flooding into Asia, with news shifting focus to more towards Asia stock being affected.
Straits Time front page showed an Indonesian trader in distress, followed by negative news. Apparently we are not out of the wood, the market is still bearish.
I wonder how well cushion is Singapore. Are we facing another 97 or 03 crisis, or is this going to be worse than that?
All this crisis make me realise that we should have other source of income other than our full-time job, so that in the event should anything happen one will be cushioned against, rather than waiting for govt to help.
Despite saying so, I still have not figured out my other source of income. Look like have to rack brain........

Investment Woes

Now everyday read newspaper sure have news about US and their financial crisis. Yesterday, Singapore's stock fell to 3-years low. But it's good new for gold.
Today accompany my mum and auntie to buy gold accessories for Hui Shan(cousin) who will be holding her chinese customary wedding on the 29 Nov 08. Few weeks ago, gold price was $42.50 per gram, now $46 per gram.
According to report yesterday, alot of investors are turning to gold for their stability. Since now market so volatile, gold is the best liaoz. Follow the oldie, like how old people save gold, they believe everything will fail but not gold. Look like old advise still true after all.
But with all the rising costs, and fragile market, middle class sure hitting hard.
Never mind, tighten belt and be frugal. There will be a rainbow eventually.