QUOTE(Ramjade @ Aug 8 2017, 10:03 AM)
You have your way, I have mine. Some things to ponder about.
- what will you do if it fall just 5%? Like so many here 1% fall already hoohaa.
You think a crash is pretty? Take 1998/2008.
[/B]- You don't think everyone is affected? 1998 companies was closing down left right center. How many people lost their job? How many people committed suicide?[B]
- US market crash, know what happen? US start printing money like crazy. People use that opportunity to flip houses until your normal everyday house which was affordable suddenly became unaffordable. RM200k house nowadays sitting easily at RM500-800k. No effect eh? Price of things shot up.
None. It's ok. As I mentioned, everyone got their own plan. They don't like mine so what?
voyage23, btw I am still vested in case you didn't know. But I am not adding any more.
Go ahead. We see who will laugh to the bank when a crash comes. US (automobiles sales aren't great, US stocks are pricey, interest rate is low, uses of leverage is almost similar to before 2008), China is looking unstable. Let's see how the US or China going to rescue their economy this time around.
I will be prepared. I just need to wait. FOMO, that's real. But I rather have $$$ than FOMO. Know what you want. Do you want a measly 10% return one time or do you want a forever 10%+ dividend p.a/3 digit returns? I know what I want.
Chill la. Just because I am contrarian. People buy, I wait. People said don't hold cash, I hold cash. If you don't learn from the best, there's no point learning at all. The best here are some people who went through crashes and know what they are doing. Keep your troops and fight another day. Take your time.
Definitely not everyone. 1997/98 was Asian crisis...but it was great for USA(their crash came in 2000).
Even in some part of this country, and certain industries (and positions, as usual)...that was the golden period where they made more $ than ever and their jobs are more secure than ever.
Salary adjustments+increments were so high to compensate for weak RM. These people were out shopping, buying things that were in great discount.
There's always some lucky community pockets in every crisis.
By the way, mind sharing your age band for me to try understand where you're coming from?
QUOTE(Drian @ Aug 8 2017, 10:25 AM)
Personally I feel changing % allocation in asset class is better than keeping it in cash.
In booming period 90% equities 10% bond/FI.
at 10 year period 70% equities 30% bond/FI.
-5% of equity portion for every year a crash has not happen after 10 years.
I likey
Aug 8 2017, 11:56 AM
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