Comments on: 10 Ways How to Make the Recession Works for You http://www.meshio.com/2009/02/recession-and-10-ways-how-to-make-it-work-for-you/ Premiere Malaysia Personal Finance, Wealth Management, Investment, Insurance and Estate Planning Resources Thu, 09 Feb 2012 03:18:00 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: boo2x http://www.meshio.com/2009/02/recession-and-10-ways-how-to-make-it-work-for-you/comment-page-1/#comment-2243 boo2x Mon, 09 Mar 2009 15:25:00 +0000 http://www.meshio.com/?p=1864#comment-2243 Looking back into history, unemployment rate is either 0 or near 0 during World War II thanks to great demand for soldiers and weapons manufacturing. Let’s hope the world leaders are smart enough this time not to be taken into Thomas Malthus’ theory. Looking back into history, unemployment rate is either 0 or near 0 during World War II thanks to great demand for soldiers and weapons manufacturing. Let’s hope the world leaders are smart enough this time not to be taken into Thomas Malthus’ theory.

]]> By: Rajesh Mahesan http://www.meshio.com/2009/02/recession-and-10-ways-how-to-make-it-work-for-you/comment-page-1/#comment-2242 Rajesh Mahesan Fri, 06 Mar 2009 20:46:00 +0000 http://www.meshio.com/?p=1864#comment-2242 I was speaking to some insurance n home loan guys last week. It's amazing how the rich with 7 houses choose to refinance all 7 houses to get liquidity n buy properties n shares. It's often the middle n lower class end up selling everything to the rich! And when the economy recovers we buy it back from them, of course it cost even more and since we spent everything trying to live during an economy slow down we're back to square one. Moral of the story, get rich or marry someone rich. I was speaking to some insurance n home loan guys last week. It’s amazing how the rich with 7 houses choose to refinance all 7 houses to get liquidity n buy properties n shares. It’s often the middle n lower class end up selling everything to the rich! And when the economy recovers we buy it back from them, of course it cost even more and since we spent everything trying to live during an economy slow down we’re back to square one. Moral of the story, get rich or marry someone rich.

]]> By: yowchuan http://www.meshio.com/2009/02/recession-and-10-ways-how-to-make-it-work-for-you/comment-page-1/#comment-2241 yowchuan Thu, 05 Mar 2009 18:32:00 +0000 http://www.meshio.com/?p=1864#comment-2241 Thanks Loke. I think it's a habit that didn't quite die off. Those scribbles are some eye-candies to add some 'juices' to the dry topics I am always writing about. When I write, I would normally also grab a pen and start scribbling away what's on my mind. Next, I just scan them in with my trusty 'fat-bed' Epson. Thanks Loke. I think it’s a habit that didn’t quite die off. Those scribbles are some eye-candies to add some ‘juices’ to the dry topics I am always writing about.

When I write, I would normally also grab a pen and start scribbling away what’s on my mind. Next, I just scan them in with my trusty ‘fat-bed’ Epson.

]]> By: LOKE http://www.meshio.com/2009/02/recession-and-10-ways-how-to-make-it-work-for-you/comment-page-1/#comment-2239 LOKE Wed, 04 Mar 2009 16:14:00 +0000 http://www.meshio.com/?p=1864#comment-2239 I like your drawings very much. How do you do it? I like your drawings very much. How do you do it?

]]> By: yowchuan http://www.meshio.com/2009/02/recession-and-10-ways-how-to-make-it-work-for-you/comment-page-1/#comment-2238 yowchuan Fri, 27 Feb 2009 09:43:00 +0000 http://www.meshio.com/?p=1864#comment-2238 It's quite a known fact that the majority of the Asian population are very saving-concious. A friend told me that it's common for a middle-income family in India to save USD100,000 in CASH for the child to attend medical university. In order to secure seats in the university, some parents don't even mind paying one lump sum for the entire duration of the course! In comparison with the US and Western Europe population, I think the Asian's has a significant higher buffer savings. However, the trend is definitely changing towards a more credit-tolerant younger Asian population. Still, savings does not insulate you from the recession.. In fact, if there's huge currency swings in the currency you are saving in (or invested in), you might even be affected more than you think. There's no doubt that opportunities exist where you can buy more things and accumulate assets at a lower price. You still need to be careful with the 'assets' you are accumulating- it's generally not a good idea to buy something just because they are cheap. Cheap and value-for-money is 2 different things. For instance, Investing in Company A for RM10.00 per share that gives you a return of RM15.00 after 2 years is good investment. On the contrary, if you'd invested RM1.00 per share in Company B which gave you a mere RM0.20 after 2 years, would be unprofitable, although the share in Company B was way 'cheaper' than Company A. As a rule of thumb, always ask what's the real value behind the investment, and will it fit with your investment time frame, risk profile and principles. What's safe for me might be too risky for my Dad who's retiring soon :-) It’s quite a known fact that the majority of the Asian population are very saving-concious.

A friend told me that it’s common for a middle-income family in India to save USD100,000 in CASH for the child to attend medical university. In order to secure seats in the university, some parents don’t even mind paying one lump sum for the entire duration of the course!

In comparison with the US and Western Europe population, I think the Asian’s has a significant higher buffer savings. However, the trend is definitely changing towards a more credit-tolerant younger Asian population.

Still, savings does not insulate you from the recession.. In fact, if there’s huge currency swings in the currency you are saving in (or invested in), you might even be affected more than you think. There’s no doubt that opportunities exist where you can buy more things and accumulate assets at a lower price.

You still need to be careful with the ‘assets’ you are accumulating- it’s generally not a good idea to buy something just because they are cheap. Cheap and value-for-money is 2 different things.

For instance, Investing in Company A for RM10.00 per share that gives you a return of RM15.00 after 2 years is good investment. On the contrary, if you’d invested RM1.00 per share in Company B which gave you a mere RM0.20 after 2 years, would be unprofitable, although the share in Company B was way ‘cheaper’ than Company A.

As a rule of thumb, always ask what’s the real value behind the investment, and will it fit with your investment time frame, risk profile and principles.

What’s safe for me might be too risky for my Dad who’s retiring soon :-)

]]> By: LOKE http://www.meshio.com/2009/02/recession-and-10-ways-how-to-make-it-work-for-you/comment-page-1/#comment-2236 LOKE Thu, 26 Feb 2009 18:33:00 +0000 http://www.meshio.com/?p=1864#comment-2236 I agree with imDavidLee. Having a lot of cash is not enough. Investing the cash in the smart and safe way to generate passive income is more important. I agree with imDavidLee. Having a lot of cash is not enough. Investing the cash in the smart and safe way to generate passive income is more important.

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