With today’s economic situation, we are all in quandary and I am sure even the most experienced and expert investors are finding it hard to make the right decision or any decisions at all. We kept on reading and hearing that “The worst is yet to come!” Nobody knows when this perplexity is going to bottom out. We can all just give it our good guess and your guess is as good as mine!!
But after reading what was written by the financial guru, Mr Warren Buffet, on “Buy America, I am” in The New York Times on 16 October 2008, I guess we have to be brave to ride out the turbulence!! I kind of like his simple rule ~~ mind you simple and yet very powerful ~~ “A simple rule dictates my buying: Be fearful when others are greedy, and be greedy when others are fearful.”
Mr Warren Buffet further mentioned as follows:
“Let me be clear on one point: I can’t predict the short-term movements of the stock market. I haven’t the faintest idea as to whether stocks will be higher or lower a month — or a year — from now. What is likely, however, is that the market will move higher, perhaps substantially so, well before either sentiment or the economy turns up. So if you wait for the robins, spring will be over.”
Mr Warren E. Buffett is the chief executive of Berkshire Hathaway, a diversified holding company. Do read about him and his success and then his advice will be more valuable to you.
So like everyone said “The Worst is Yet to Come!” Are you waiting for the rock bottom before deciding to buy? The decision rest on you and you alone!!