Stock Markets Plunge

February 27, 2007 jeansdream

It’s time to look again what you are investing. 

Started off with a China rush-in (when the sheep talks like an stock market expect, you know what will come soon), then a major sell-off in the Shanghai stock, rippling to the HK Index, now it’s coming this side of the earth, and I am pretty sure many will be watching the reaction of Shanghai/HK tomorrow after the Europe/NA plummet. 

Bosses, if your staff behave impatiently or have problems focusing tomorrow, please give them some room to breathe; likewise, if your boss behaves unreasonable or harsh, take it easy…  stay out of their sight / way.

How are you?  Are you ok?  I hope you are.

Hey, you are still alive.  You are still breathing.   You still have the most valuable and amazing thing you ever have – your life.    Money comes and money goes, hopefully with some lessons learned, and more hopefully not too painful, and most hopefully, painful enough that you’ll remember the lessons learnt.

Here, a quote from the Bible, that I received as a “Lai C” from a collesague of mine for the Chinese New Year:

“Do not store up for yourselves treasures on earth, where moth and rust destroy, and where thieves break in and steal.  But store up for yourselves treasures in heaven, where moth and rust do not destroy, and where thieves do not break in and steal.

… your heavenly Father knows that you need them…  seek first his kingdom and his righteousness, and all these things will be given to you as well.  Therefore do not worry about tomorrow, for tomorrow will worry about itself.  Each day has enough trouble of its own.”

That said, guard your treasures on earth – you do need them.  If you have invested in some solid stocks, you will ride out in time.  Not solid stock?  Just stocks that are traded frequently?  Eh?…  any outlook of the company, or… what the company does?  Don’t know?! …  Eh?…  You think it’s a good stock?  You saw some postings on some stock website that the value will triple in 1 year?  Eh?  You know anyone with an account (free sign up for most cases) can post something there??  Eh?   Do I think it will go down further?  Most likely as the stock is over-valued / over-purchased (does it have any good value??) and there’s not enough support now.  Otherwise, ask your financial advisor what to do now!!!  Don’t have a financial advisor?  …  huh…  get one… Eh? Your advisor asked you to buy this junk stock?? Do you have the solicitation in writings? Really? Really?…

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Entry Filed under: Getting to know each other

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