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Why u are not rich
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<blockquote data-quote="lukeraj" data-source="post: 3134552" data-attributes="member: 66934"><p>:wavey:Subject: FW: Recession Approaching - Experienced on 1976, 1982, 1987, 1997,</p><p>2002</p><p></p><p>This is my advise<img src="https://zerotohundred.com/forums/styles/default/xenforo/smilies/rofl.gif" class="smilie" loading="lazy" alt=":rofl:" title="rofl :rofl:" data-shortname=":rofl:" /></p><p></p><p></p><p><img src="https://zerotohundred.com/forums/styles/default/xenforo/smilies/listen.gif" class="smilie" loading="lazy" alt=":listen:" title="Listen :listen:" data-shortname=":listen:" />More than 8 months ago, many high profile financial leaders</p><p>such as Warren Buffett, Roger Smith, Alan Greenspan etc had</p><p>mentioned the R words several times, though Financial</p><p>institution such as IMF, World Bank and even US Fed Reserve</p><p>prefer to ignore the signal. Last week, some of them agreed</p><p>that recession will hit US and further stated that it will</p><p>affect Global economy.</p><p></p><p>In all historic cycles, it will normally stays down for 2</p><p>to 3 years and take another 5 years before it starts to come</p><p>back to its last peak. We can expect 7 to 10 years cycle.</p><p></p><p>What can ONE expect in Recession ?</p><p></p><p>Asset valuation will drop drastically, between 30% to 50%</p><p>of Peak Value depending on location and the type of assets.</p><p>Economy cycle slows down, company revenue drops,</p><p>restructuring of organization and some companies are</p><p>acquired or go bust.</p><p>Lower commodity prices.</p><p>Lower or Zero salary increase or retrenchment of employees.</p><p></p><p>A big Congratulation if you did not make any major</p><p>investment (properties or shares) over last 24 months.</p><p>Financially, CASH FLOW becomes critical for survival.</p><p></p><p>What should ONE do to survive better in a Recession ?</p><p></p><p>Like in any emergency the first rule is DON"T PANIC !!!</p><p>Sell off over-valued long term assets which you have no</p><p>intention to hold on to over next 10 years.</p><p>If they have not been done, review how much have they</p><p>appreciated since you last bought them. </p><p>Review and decide before the price goes down. If holding,</p><p>be prepared to hold 10 years.</p><p>Don't over borrow - stay liquid if possible, if you</p><p>don't have loans or on credit you will not get into</p><p>trouble, your net assets might drop, but it will come back</p><p>again. Might take 5 or even 10 years. If you do not sell you</p><p>cannot lose !</p><p></p><p>If you are in mid-career and happy, lower your demand to</p><p>hang on better.</p><p>If you are in mid-career and not happy, make the career</p><p>switch you wish early before it gets bad. </p><p>New career opening would be few and far in between. </p><p>People with experience are plentiful and new graduates will</p><p>be very cheap to hire.</p><p></p><p>If you are dependent on business profit or property rental,</p><p>be prepared that these income may drop by 50%</p><p>If you are dependent on Salary, save enough for 6 months if</p><p>you need to look for new job.</p><p>Now is the time to check your monthly expenses being only</p><p>50% of you total income.</p><p></p><p>How can ONE take advantage of the Recession Period ?</p><p></p><p>If you have CASH, buy during recession. The time of maximum</p><p>pessimism is the best time to buy.</p><p></p><p>For those into speculation on Stock Markets - Bear markets</p><p>have always been temporary. Share price turn upward from 1</p><p>to 12 months before the bottom of business cycle.</p><p>No ONE can tell you precisely when is the bottom if the</p><p>bear market.</p><p></p><p>Assuming you have accumulated cash, wait at least 6 to 12</p><p>months for golden opportunity to buy Long Term ASSETS or</p><p>BUSINESSES at rock bottom price. </p><p>There is absolutely no hurry, things will stays relatively</p><p>cheap over next 2 to 3 years.</p><p>So, pick and choose to buy what you really like and can</p><p>keep for the lifetime.</p><p></p><p>For INDIVIDUALS, take the chance to learn and improve</p><p>yourself - chance to attend courses and learn new skills.</p><p></p><p>HENCE, </p><p>BE READY for the BIG UPTURN. </p><p></p><p>.. Hold as much cash as possible because you don't know</p><p>when you are going to need them </p><p>.. Stay focus on "what you are suppose to do" and</p><p>don't let the surrounding to swing your moods </p><p>.. Stay happy and healthy !!! </p><p></p><p>The current crisis is beyond any single person's</p><p>abilities to solve, so take it easy !!!</p></blockquote><p></p>
[QUOTE="lukeraj, post: 3134552, member: 66934"] :wavey:Subject: FW: Recession Approaching - Experienced on 1976, 1982, 1987, 1997, 2002 This is my advise:rofl: :listen:More than 8 months ago, many high profile financial leaders such as Warren Buffett, Roger Smith, Alan Greenspan etc had mentioned the R words several times, though Financial institution such as IMF, World Bank and even US Fed Reserve prefer to ignore the signal. Last week, some of them agreed that recession will hit US and further stated that it will affect Global economy. In all historic cycles, it will normally stays down for 2 to 3 years and take another 5 years before it starts to come back to its last peak. We can expect 7 to 10 years cycle. What can ONE expect in Recession ? Asset valuation will drop drastically, between 30% to 50% of Peak Value depending on location and the type of assets. Economy cycle slows down, company revenue drops, restructuring of organization and some companies are acquired or go bust. Lower commodity prices. Lower or Zero salary increase or retrenchment of employees. A big Congratulation if you did not make any major investment (properties or shares) over last 24 months. Financially, CASH FLOW becomes critical for survival. What should ONE do to survive better in a Recession ? Like in any emergency the first rule is DON"T PANIC !!! Sell off over-valued long term assets which you have no intention to hold on to over next 10 years. If they have not been done, review how much have they appreciated since you last bought them. Review and decide before the price goes down. If holding, be prepared to hold 10 years. Don't over borrow - stay liquid if possible, if you don't have loans or on credit you will not get into trouble, your net assets might drop, but it will come back again. Might take 5 or even 10 years. If you do not sell you cannot lose ! If you are in mid-career and happy, lower your demand to hang on better. If you are in mid-career and not happy, make the career switch you wish early before it gets bad. New career opening would be few and far in between. People with experience are plentiful and new graduates will be very cheap to hire. If you are dependent on business profit or property rental, be prepared that these income may drop by 50% If you are dependent on Salary, save enough for 6 months if you need to look for new job. Now is the time to check your monthly expenses being only 50% of you total income. How can ONE take advantage of the Recession Period ? If you have CASH, buy during recession. The time of maximum pessimism is the best time to buy. For those into speculation on Stock Markets - Bear markets have always been temporary. Share price turn upward from 1 to 12 months before the bottom of business cycle. No ONE can tell you precisely when is the bottom if the bear market. Assuming you have accumulated cash, wait at least 6 to 12 months for golden opportunity to buy Long Term ASSETS or BUSINESSES at rock bottom price. There is absolutely no hurry, things will stays relatively cheap over next 2 to 3 years. So, pick and choose to buy what you really like and can keep for the lifetime. For INDIVIDUALS, take the chance to learn and improve yourself - chance to attend courses and learn new skills. HENCE, BE READY for the BIG UPTURN. .. Hold as much cash as possible because you don't know when you are going to need them .. Stay focus on "what you are suppose to do" and don't let the surrounding to swing your moods .. Stay happy and healthy !!! The current crisis is beyond any single person's abilities to solve, so take it easy !!! [/QUOTE]
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