Yeah, not much wind today so guess what the major topic of conversation was at the windsurfing club here in Singapore, what with the asian markets plunging to the very depths of hell?
Doom and gloom...told you so...
...wait, buy soon, buy next year...
Depends which table you sit at, cos not everybody cares...easy come, easy go, is all I have to say on the matter. Hope the price of carbon goes down...I'm holding a lot, but I wanna buy more!!
If only you could find a way to convert carbon emissions into carbon booms and masts....
When you are speaking to your Superannuation jacka#se next time and he says to you "Don't worry the market always bounces back, in 12 months we will have recouped the losses", put this to him:
With a 11% loss, and fees, it will require an 14.29% return just to get back to breakeven. This is an almost impossible task considering that 12.5% was the best achievable at the top of a prolonged bull market (by Super professionals). Returns in recovering market are likely to be closer to 4% to 5% as fund managers are warning.
