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Jan 18, 2008

We are Hitting Recession, Where is Your Money?

alright, call me a freak or whatever. but i love it.
just like how do you react when the sales is coming?

chinese new year sales? raya sales? mega sales?

we often will rush into the malls and spend our money to the max! look at those 50% off, 70% off and even 90% off! and after that we are drenched in debts, especially those credit-junkies.

yes, this time, the market is slowing down. especially in US. especially when we just launched the new fund. but personally, i think this is a great combination.

i sometimes don't understand. i see people are always looking for sales. they wait for sales period to come before they buy stuff they've been eyeballing for. happy buying, something like that. but when it comes to stocks, they tend to buy when it surges. why oh why?

please change the mindset. this time of recession, the price goes low. it can go very very low. and it's a perfect time to buy, isn't it? correct me if i'm wrong but i k now i am certainly correct! sooner or later the market will recover. do we loose anything? no. we actually gain something.

if you ever read Rich Dad Poor Dad book written by Robert Kiyosaki, this is exactly what he practices. this book is very old, i read it since i was in high school and it was borrowed. but i still remember how he bought those properties during economic slow down at a 'good bargain' and later the value went up above the sky.

again, this is the right time to play with your money. the market is down so we are having sales. this is the advantage, not sombreness. buy, especially blue-chip stocks. purchase the CIMB Islamic Global Equity Fund which specializes in those blue-chip company like Apple, Cisco, Microsoft, Vodafone, and Hewlett-Packard. blue-chip companies are reliable because they have a strong balance sheet, high credit bonds, large size and diversified in terms of product lines and geographic location and payable dividend regardless the economy weather.

note: if u did read the book but don't know where to start, first advice: stop complaining. just find your compatible way and start!

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