Most People Lose Money, Don't Follow Them...
Welcome to the 105th Issue of Weekly e-newsletter by www.HousingLoanSG.com This week I like to share with you "Most People Lose Money, Don’t Follow them"
Most People Lose Money, Don’t Follow Them
Recently, after being very negative for almost 2 years, most analysts are now getting bullish, and most of them think that the economic recovery will be V Shape (strong recovery), rather than W shape (up, down and up). Note: I think W shape economic recovery is actually possible.
What difference a few months make? Back in March 2009, most analysts were very pessimistic and bearish.
In Mar 2009, I wrote an article to “urge people to get excited” instead. This article entitled “Make Market Cycles Work for you” was published on Sunday Times 29 March 2009. (Yup, I don’t do hindsight analysis).
Make market cycles work for you 29 March 2009 Sunday Times
Observing nature, we will notice cycles.
Similarly in the financial markets, there are market cycles where busts follow booms and vice versa. That is why the 'party' ended with a market crash last year, after global stock prices shot up by between 200 and 500 per cent in the last four years.
According to historical analysis, 2008 was one of the worst years for stocks since 1937. For many, this might be depressing news but for me, this is exciting news.
To read the entire article, click here:
Recently, some suburban condos are selling at EVEN HIGHER than Year 2007’s Peak prices, one in Ang Mo Kio sold at S$1,150 psf (vs S$900 in year 2007), one at Tanah Merah sold at S$800 psf, (vs S$620 in year 2007). Many people are excited to buy, again I came out on 31 July 2009 to caution in a nationwide TV News (on Channel 5, Channel News Asia, Channel 8 and Channel U), saying that these condos are over-priced.
I learned from many sifus over these years to learn how to invest. I didn’t acquire all these knowledge overnight.
On 5, 6 and 7 Sep 2009, you can learn how to “Unleash Wealth in Your Life” from one of my sifus, Mr Lin Wei Xian (whom I learned a lot about Setting up a business and growing it profitably). In this 3 full-day Chinese Seminar, other than Lin Wei Xian, you can also learn from 3 other speakers, including Guo Teng Yi, Wu Juan Yu and myself, Dennis Ng (Wu Jia Wan). I’ll be sharing about Managing and Growing your Personal Wealth.
For details, please click this url: http://www.AsiaSeminarWorkshop.com/101-2.html
Hurry, seats are limited. You can register and pay for the Seminar at this url:
http://www.AsiaSeminarWorkshop.com/101-2.html
Each year, I spend more than S$10,000 buying books, attending seminars etc, is it spending money? Nope, it is actually investment, since the knowledge and ideas I acquired over the years have helped me make more than S$1 million dollars.
Start attending seminars, this might be the start of your own Millions…
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