Fabio1,

So, how long can you SURVIVE without any income??

Dreamer

i will sell my every unnecessary assets, and take margin loan as much as i can.. and slap all cashs into share market (when it went to the bottom).. living poverty for the next 3years.. haha i just wish i had more guts to do so.. high risk high return..

This post has been edited by alwjmonster: Sep 7 2011, 02:42 AM

Hmm i started to plant vege n rear fish for own makan in my parents' lil garden where the hse fully paid de. Worse case scenario no job, no hse still got food n shelter

Folks,

I have enough emergency fund to last 2 years. With dividend, I can last another 2 to 3 more years. This is all without affecting my lifestyle or selling anything.

Dreamer

i have been preparing for it since 2002..........bought silver and gold

Reduce borrowings........ and wait for the plunge

In the looming recession it is best for equity investors to reposition their shaeholding into financial and utilities stock. The past 4 recessions had taught investors to stick with reits and banks. I don't understand why forumers are advising people to flee the property market.

I think it depends on WHY some investors / traders are in the property market gua
Those who bought in at a height... self explanatory
Those who bought at a good rental yield can sit on it and still make $.

Dont see what is the fuss about. Im in land banking, and when recession comes comparing to building property and paper assets, land banking is much more a better choice.

Nevertheless, have sufficient cash in hand to bail out my current debt with the bank and still be able to purchase more land. And like @dreamer101, i still can live with my current lifestyle.

Listen guys my prediction and preparation to avoid any eventuality ,nothing looks good so better prepare
At least 3 years of basic cash

---

Added on September 7, 2011, 9:25 am1.Stocks with high foreign ownership are likely to experience a further selldown in the next few months as foreign funds reverse back to US Treasuries and fixed income, said analysts.

---

Added on September 7, 2011, 9:30 amWe should explore recession proof investment kindly advise.
Hospital, Graveyard,Food,Coffin box industry even times are bad they dont die anything else guys


This post has been edited by Fabio1: Sep 7 2011, 09:30 AM

I'm waiting to hit us. I love to purchase stuff @ bottom price and not ceiling price from the rich. All said, I will increase my luxury lifestyle, and not decrease or remain..because now me and my wiife live below luxury lifestyle.

I invested myself with further education, MBA. And diversed my career and my business.

Actually, costly funeral services are not recession-proof. The reality of worryingly high-cost funeral services in the US are making people opt for eco- and cost-friendly alternatives. I think I saw this news piece on Al Jazeera.

You guys sound as though its the end of the world. I've been through 3 recessions in my lifetime. So far none of them have severe repercussions for Malaysia..although I agree that this one may be different due to financial structural issues which may take a longer time to fix. At the end of the day, the main thing is to keep your debts low, adjust your lifestyles if you have to....and the most important is to do what is necessary to keep your job. It;s not that bad because we're a commodity exporting country and the rest of the world still needs commodities. Yes we'll be affected in some ways but it won;t be as bad as the Western world.

So what happens if you run out?

I am already not living in luxury. So I don't think the effect is going to be big. I don't need to be luxurious. Just need to have peace of mine without having to live in fear that I am broke.

getting my cash ready to vest in high dividends shares...

SINGAPORE/BEIJING (Reuters) - Singapore's finance minister said on Tuesday a global recession looked more likely than not and a Chinese official acknowledged China's growth may slow to a 10-year low, highlighting Asia's rising concern over its exposure to U.S. and European risks.

Do budget, spend within the budget. hv some money as emergency fund, the rest put in investment, short term or long term.

Something I noticed during the financial crisis in 2008 is that the McDonalds stocks are bullet proof. Quite logic ah

wodenus,

How LONG can you SURVIVE without selling anything??

Answer that FIRST...

Dreamer

ya lor.... why so takut?
do all above & just spend wisely, work harder & you be alright