It amazes me why people who are supposed to be smart always underestimate the importance of public confidence. Who is going to feel confident about the future when one is unsure about his or her job and also being told, while cost of living is rising, that our assets are going down in value?
Of course, in the meantime , our so-called leaders sit around while businesses go to the wall and lives are ruined. Well, Lehman has collapsed and, so far, AIG is managing to hang on. The massive repercussions of Lehman going down are already being witnessed.
Who is going to put money in stocks and shares at this point in time? I am not. I used to believe that the only wealth you can rely on is cash producing assets like property. Well, the subprime lending fiasco has caused the property slump and it will take a long time to recover. So, you can forget property for the next couple of years.
The collapse of Lehman Brothers and the bunch of airheads that we have as our leaders, on both sides of the Atlantic, have forced me to re-evaluate my investment strategies.
Although I am glad that I own properties, I am not acquiring new ones due to the credit crunch and the high cost of managing tenanted properties. For now, I am going to focus on Forex Trading.
Remember, it is a market that offers tremendous leverage. Anyway, grab your FREE ebook on "How To Profit From Forex Trading".
I wonder what tomorrow has in store for us.
"Success is the reward at the end of the path taken by the person of perseverance."
Abi Motala
Wednesday, 17 September 2008
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