great fall of China with Shanghai main share index sliding 8.49% in a single
day. The last Black Monday was in 19 Oct 1987, where subsequently stocks around
the world crashed.
greater fall to come?
that several stock market crashes occurred in cycle of 7 years.
and also author of New York bestselling novel “The Harbinger”, call this
phenomenon, Shemiteh. Read this link.
around this time (which is based on 7 year cycles). I believe we need to
be ready, and that’s why I believe I had to write the ‘Mystery of the
putting my stock in the stock market or have things attached to it.”
“You should also have essentials in store so if there is a collapse of not
only markets, but of infrastructure and services, and these things should break
down, that you would be okay for this time period.”
will be on 13 Sep 2015!
prepared! While I am not a Christian, I concur with phrase in the Bible
that says “a
prudent man prepares!”
economic crisis, which lead to unemployment.
their warchest, some may naively forgotten about the greater drastic impact in losing jobs. It is going to be traumatic. You
never know! Maybe you are the one who will be laid off, while you happily
unload your warchest prior.
then truly have your 15HWW or early 35 years old retirement, because you cannot
even find a job.
scenario? Lucky you. Or perhaps you can just sell your house and stay with
daddy mummy? Or maybe your daddy mommy sells their HDB/condo for you!
In any of the above events, please still remember what is the worst case scenario!
neither do my parents left behind any house for me. I always have to earn every
single cent myself since as a teenager. Therefore
it is only sensible for me to hold more cash and prepares for the rainy day.
that I will increase my cash position to 70%.
the bear or bull going forward. If you know that you will have a safety net even if you fail in your investments, then by all means and go for it. End of the day, it is to have enough to weather the crisis.
lesser mouths to feed than me. I have 7 mouths in my house to feed. Me, wife,
three kids, mother in law and helper. How about sharing my mum expenses as well? Or maybe economic problems often also coupled with medical problems. Unfortunate things always come in a bundle. We tend to forget during the good time?
single, it is definitely not a difficult target for me now (age 37) to already
have >S$100k return p.a. even with low single digit % dividends growth each
year. Quite proudly thanks to my human capital growth over the years. In fact investment in your own human capital is at the very top of the list of investment as well.
need to be responsible to my family, elderly, children, and even my maid.
say Singapore sure no problem one lar?
20-30 years later, what will happen? Still so sure?