firee818,

The MAJORITY supported this GOVERNMENT. So, they reap what they sowed.

What is the PROBLEM??

Dreamer

Mis management is a nice word....

Is it?? If i am not mistaken, PR got more votes than the government in the last election.

jphlau,

So?? There is still plenty of people supporting this GOVERNMENT. And, THEY are the GOVERNMENT with 1.2 millions to 1.6 million people. They will bleed this country dry until the WHOLE ECONOMY collapses.

They will not and cannot wake up until it is TOO LATE... How could them?? They cannot break their rice bowls in order to save the country.

Meanwhile, average people will suffer along with all those price increases to support the Government and GLCs...

Dreamer

In Sarawak (population around 2.5million, 50% are bumi (they called Iban..) who live in rural rural areas). They get brainwashed+money by xxxx. RM200 per vote, grey area Rm1000 per vote(Rm500 take first, remaining Rm500 if win). I m talking serious.
Really smart!

is it true now not the right time to buy car?

it is always about affordability not timing.

Wait after the budget 2012, lately there have been news about NAP. During down turn there are also more promotions and discount.

dun worry alot of people forecast to buy cars this coming months,the most in november car sales goin to be high

Everyone knows the theory that "if i buy this share at bottom line, i can double up the value when market up", but how many can make it real??

Great topic! I've read from start to end.

Isn't the best way of securing your own wealth or life in case of 'shit hit fan scenarios' is to have some form of asset in other countries? May not be profitable asset but as a base in case really something happens. Like maybe buying a place in Australia or in Europe. Even having relatives there is a great advantage if really our region go Apocalypse on us. Singapore is a likely candidate due to it's closeness to us but may suffer from our over-migration. Indonesia also sounds good but they may have problems of their own. Thai? Philipines?

Regarding gold, do you really hold the stuff at hand at the moment? I mean if there was really a collapse in the system, how do you withdraw your gold from the bank? How does it look like? Coins? Plates? Dusts? How do you figure the weight and the value you can get in the bleak future?

The financial system cant be collapsed. If that happen, it will send us back to stone age. If that is the case, u should not be bothered about assets. All you need are survival skills.

PS: watched too much 2012–ish kind of movie.

The chance for the market to goes up are low. Good luck to you if you invest in share now. Even gold value drop ridiculously!

Anything could happen on this world, and remember bad things happen more than good thing, from what I can tell over my experience for 35 years in this planet earth. Do prepare yourself the worst case scenario to come.

This post has been edited by buysell: Sep 25 2011, 09:28 PM

Gold price down, mutual price down, everything down, then where to invest our money? WHat kind of investment that is going up now btw?

I'm now parking my money in ASB. Dunno where to invest at the moment coz everything still going down now.

concerning the double-dip happening, i would say we should juz save sum extra cash for investment. the right time to invest on properties, bonds, stocks, land, etc is during 2012-2013. everything will drop by then and during that time juz buy buy buy!! high possibility afta 3yrs (2015-2016), evrything will go back up to normal and that time juz sell sell sell. this is juz from wat i can see that might happen. any other opinions are welcome. cheers~

Bonds and fixed income stuff going up these days - hey, you're sitting on a gold mine of ASB
If i can buy ASB, i'd just park the majority of my asset allocation there (majority being 50.1% ) - worry-less returns that beats inflation, with sure-buy-back by Gov (as long as they're around).

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Added on September 26, 2011, 1:33 pmBuy buy buy but MUST HAVE HOLDING POWER lar - just in case it literally crawls back up, taking 6 to 8 years+ (like 1998 to 2006)
The market may be irrational longer that one is liquid (some quotation somewhere i read)

This post has been edited by wongmunkeong: Sep 26 2011, 01:33 PM

another way of thinking of current scenario..

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Added on September 26, 2011, 2:39 pmwhat i know from my economy class in those days ..

recession time .. cash rich is the best solution. sell all your stocks and property to cash .

Just suggestion.


This post has been edited by thunderaj: Sep 26 2011, 02:39 PM

hmm... but i guess it might not take tat long. like i said, maybe 2-3 yrs max.
right now, im trying to save as much as i can. once the market goes down, BOOM, sapu sapu sapu.
but who knows, anytg can happen as we can predict wats ahead. we're juz able to forecast.
anyway, fingers cross.

Hhehe - yup yup, be frugal and save. Hey, that's a good idea EVEN when there's no down turn leh

Tonite makan bubur..........ubi