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Wednesday, July 23, 2008
As we stare at the global economy slowdown, we should keep asking ourselves, "Are we prepared for it?" Are we confident enough to declare that we have prepare for the worse? Some might be quite relief that the crude oil price has been going down for few days but we don't know how long this will last. Even if the crude oil price remain downtrend, we cannot let our guard off. To prepare for it, one must always ensure there's sufficient fund in hand, if and only if the global economy slowdown. Even if you can keep your job, the money will come in handy especially if the stock market collapse. Can really get good deal during the market collapse. In fact, the money can be used to buy property at very low price. Usually when comodities reach historical high, cash is king. But I'm the kind of guy who believe that the market will rebound one day, which is why I will continue to accumulate the high dividend yield counter, so that I can have passive income. And again, we are talking about sufficient emergency fund. Judging by the current situation, I think my current standing is ok, with some cash that can last me for few months without salary, my portfolio push to almost 75% dividend yield + blue chip counters. I plan to re-adjust the whole portfolio and cash in hand by the end of 3rd quarter. So moving forward to Q4, I will only save + save + save.
Tuesday, July 15, 2008
It's been a while since I last updated the blog. Either I was too busy with my work or sometimes when I'm free, I cannot login to the blogspot. Not sure it is the S*reamyx problem or the Google problem. I can login to my gmail though. Besides that, not really have any idea on what to blog about. But anyhow, I feel like updating the blog today. My fren ask me to take a look at one of this blog. The purpose of the blog is to promote the Jumble Station - a community outreach initiative designed to raise funds to assist Single Parents in need some of whom are part of the Shelter Home Single Mothers Network. Jumble Station aims to economically empower Single Parents and the poor to be financially independent in the long run by owning or running their own small businesses eventually. The purpose I brought up the blog is not to help fund raising nor do anything to promote it. Just that I see that Jumble Station has one great vision - which is to economically empower Single Parents and the poor to be financially independent. The vision is about to same as one of my dream; to be financially independent by the age of 40 - currently still have debt over 100K. But I believe it can be done. If people who are poor or facing financial difficulties can do it, I'm sure it not be that tough for me. But besides earning for myself, I will donate to those needy. I will continue to work towards fulfilling my dream that I dared to dream - in fact, this is what was preached by my church's pastor. What a coincidence, LOLz!