Understanding Myself More.....

I just heard the most ridiculous thing in the world... People can tell lies to you lies and Thou Shalt Not Query Them.. and another.. If people you know don't want to be your customers they are your enemies??? HUH??? who ever heard of such rules? No wonder my growing up years were so troubled. I did not know the basic right and wrong of things in life.. Aiya... I should have been more evil and mingled around more so that I get the first hand lesson and did not have t wait all these years to understand myself more... Well girl!!! oo Woman now .. hehehehehe I do understand myself more nowadays , and enjoying every bit of life as it comes ;-).. Never mind that I am considered coocoo by my family...LOL...

Scary that "World stocks in freefall as confidence drowns in 'bloodbath' "

"World stocks in freefall as confidence drowns in 'bloodbath'" this is the title on the NST online front page, 2008/10/10... http://www.nst.com.my/Current_News/NST/Friday/Frontpage/20081010201035/Article/index_html but being the Optimist that I am ... anyone ever considered the Benefits to a Recession or Down Market? I have done some very basic research and found that during recession #1 and #2 happen 1. Undervalued stocks and bonds. 2. Falling house prices. I have been through one terrible recession in my early working life... 1997-1998 recession..I started working on 1st June 1996. I was employed at a very stable organisation. Thank God for that!! As most of my ex-college mates started work with the most computer savviest companies in the market and in the really exciting IT work , web designing, client-server application development..whilst I was in the mainframe system, which was considered those days as "Dinosaur era system"... I was actually looking for another job in web designing, but some really know-it-all person told me not to move as recession is coming.. wow they had the crystal ball I thought then, luckily I stayed with my current company then. First few stories that I heard during those days were that lot of people were already declared bancrupt ( mostly remisiers), lots of people lost business, employments lost, et ce tra. Most of them who lost their jobs, can't find jobs at any other place, some even got paid only half of their normal salaries. But I Thank God again that the only suffering I experienced was that I did not get my promotion that was promised to me that year 1998 , neither was I promoted the preceding year 1999. oww , .. small injury that.. compared to others ...... only now I realised how fortunate I was. But but but the next stories that I heard were really really fantabulous!!! A lot of financially savvy smart Alecs got "durian runtuh " during those two years! wow how di dat happen? Of course simple as 1,and 2,.. buy undervalued stocks and bonds, buy undervalued assets like houses .. So now about 10 years down the road , with me being a bit more wiser and peacefully in my early semi-retirement life as the progression of my dream life ;) , Another recession is happening .. Great!!! As the financial analyst have predicted another 10 year cycle!!! so this time armed with my newly acquired simple economic knowledge ... start doing investment gradually start with buying gold... that one is a classic :), invest in Trust funds, or n bahasa "Amanah Saham" I am not a true believer of Teories that I have yet to see with my own eyes proven and experience it myself... but found that the teories are proven and there is always opportunity to be found in any circumstances... so don't get too emotionally affected by this 10 year recession cycle phenomenon , just practice good money habits "Spend less than you earn" put away some of what you earn for the future consistently..and Take a Long Term View... As taken from http://www.consumerismcommentary.com/2008/03/17/8-benefits-to-a-recession-or-down-market/ sited on 10/10/2008. Undervalued stocks and bonds. Go for it. Yes, in general it’s bad to time the market. Yes, it’s possible stocks in general will go down more this year. But I believe that dips like the one we’re experience are perfect opportunities for long-term investors to pick some good values company by company or buy the overall market through a low-cost index fund. Falling house prices. Well, at the moment, there are more people trying to sell homes then there are buyers. This inequity between supply and demand means that in order to sell houses, prices must fall. But as there are fewer people looking to purchase than there are looking to sell, this benefits fewer people than increasing house prices. Buy gold!!!! this one is a classic.. :-)

Money Crisis: Americans React

The Economic downturn and People's reaction to it... For the Americans' some are nervous others who have good money habits say they can ride it. How about us Malaysians? How are we affected even though we are living so far away in Malaysia? Most are ignorant , but our economy is very much tied to US .. The only safe thing we can do, always have good spending habits consistently. Money Crisis: Americans React Wednesday, October 1, 2008 provided by Real people across the country answer the question: what are you doing with your money in the wake of the financial crisis? Underwater 401(k) Lawrence Ferreira, 56, attorney, Lynbrook, N.Y. More from CNNMoney.com: • Your Money: Keeping It Safe • Credit: Know Your Limits • Money Magazine Real Estate Survival Guide I'm doing nothing besides cry. If my 401(k) were any more underwater, I'd be drowning. But I haven't moved anything. Can't Even Look Olga Fuentes, 33, attorney, New York, N.Y. My husband and I had money in a couple of different savings accounts, and we moved it around and put some in a CD to make sure it would all be insured. But I can't bring myself to look at my 401(k). What Crisis? Mary Park, 31, public relations specialist, New York, N.Y. I don't work in finance and I am not heavily invested in financial companies, so I haven't noticed any kind of downturn. I still have a job. And the government is going to bail everyone out anyway. I just bought my first [Hermes] Birkin bag! Don't tell my mother. Stuck in a Hole Susan Namdarian, 42, salesperson, New York, N.Y. I am very worried. I cut back on cable. I don't know what else to cut back on. I am in retail and work on commission, and it is slow. This isn't a good time to look for another job. So for me personally, it has been a nightmare. All of a sudden I feel like I'm in a hole. Faith in Uncle Sam Noel Rush, 57, businessman, Louisville, Ky. I haven't done anything different [with my portfolio]. I am in the railroad industry, and railroad securities have been doing very well for the past few years. I realize that I am fortunate. I share the concern with the rest of our country, but I have a certain degree of confidence - and hopefully not naivete - that our government will reform our financial system to protect all of us in the future. Not Changing a Thing Malcolm Thaler, 57, physician, Villanova, Pa. Maybe my wife and I are being naive, but why bother to change things? We'll be fine. It's only money. Freaking Out, Sitting Tight Jane Fauquier, 56, retired teacher, New Orleans, La. We're freaking out! But we're still sitting tight. My husband and I have got a good amount in cash and we were going to reinvest some of it, but we're reconsidering that now. Too Afraid to Look Lisa Griffin, 49, physical therapist, Philadelphia, Pa. I'm too afraid to look at what's going on. I'm hoping things just blow over. Because of all of this, I'm going to make my car run for two more years instead of buying a new one. Lived With Our Means John Malloy, 62, Centralia, Mo. I am not worried. I haven't even looked at my accounts. I retired in December. I planned [carefully] in my 20s, 30s, 40, and 50s, and now I don't have anything to worry about. My wife and I didn't spend more than we earned. We're traveling now, doing the things that we wanted to do when we retired. More Worried About Finding a Job Matthew Meis, 39, Ridgewood, N.Y. I'm not too worried about my portfolio; I haven't made any changes. I am worried about the value of my house falling and about finding a job. I am looking for a sales position, but finding a decent job in this market is pretty difficult. Riding It Out Jay Foote, 30, vice president at a credit union, Oklahoma City, Okla. It's a bad time to pull our investments [out of the market], so my wife and I may re-look into what we've invested in a little while from now and then reconsider some of those investments. We're paying more attention to the market now that these things have happened. I work for a credit union and she works for a museum, so our jobs are safe. We'll just ride it out. More from Yahoo! Finance: • What FDIC, SIPC, NAIC and More Really Do • 5 Areas Where the Bailout Will Hit Home for Consumers • How to Treat a 'Money Disorder' -------------------------------------------------------------------------------- Visit the Banking & Budgeting Center No need to Panic Steve Atkins, 51 (with wife Susan), businessman, Seattle, Wash. Everybody hunkers down a bit more because of times like these, but there's no need to panic. We just don't want to make it worse by pulling all of our money out of the markets. Living Overseas Reggie Redetzke, 34, airline pilot, Dubai, United Arab Emirates I'm a pilot, and once Northwest Airlines folded, we just couldn't make enough money to live, so my wife and I moved to Dubai. So I pulled all of my money out several years ago from the U.S. markets, and that means I'm okay. I've got a lot of money invested in the euro, so I'll continue to watch that closely. That's where I expect to see growth come from." Too Young to Worry Katie Griffin, 26, unemployed, New York, N.Y. I'm not going to look and see what's happened to my Roth IRA...I'm too young to see it drop and start panicking. I've got the rest of my life to make money. From CNN news...