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From: The Wife
HI Everyone,
I have had so many emails and phone calls from people nervous about the state of the market and where it is going, since the tragic WTC terrorist attack. People are asking my opinion on this situation, I only know, what everyone else knows.
I am a little surprised at the skittishness of investors right now, I am asking the people who have contacted me, and everyone else,
to take the time, and reflect on your plan,
Consider the market, look at it as a whole, this is a moment in time, that will make you, or break you, if you do the wrong thing, certainly, it is a moment in time, that has already broken many great icons, watch and observe and protect your butts if you feel it necessary.
Will the stock market crash? will this see people dumping their cash into bricks and mortar? who knows, we can only take an educated guess at this, I ask you to monitor your market, watch what is going on, and dont make hasty decisions.
Your decisions should be swift and clean, when you feel the time is right, watch your market and when you feel it says, GO!, then do it.
Please, the drama and stress that the T.V and radio are placing on our decisions needs to be taken into account, and put into its place, account for the hysteria in your plan, its up to you, to decide, what is T.V ratings, and what is real.
We know the attacks have happened and people have died, that is real. We know the flow thru effects of this are great, research the effects before making hasty decisions financially.
Australia like the rest of the world, is in mourning over the events last week in New York, as well as so many other events on our own shores, this is understandable, but please, keep your eye on the ball, now is the time to look at the ripple effect going on around you.
Some things that have happened that come immediately to mind for me, I am sure there are events that I have missed, I am sure you guys and gals can fill in the gaps for me.
1. New York Terrorist attack
2. NYSE Opens low
3. European Stocks low
4. FHOG finishes in Nov.??( is this correct?)
5. Japan reports 1st case of mad cow disease
6. Tampa Refugee crisis
7. HIH
8. One Tel
9. Ansett
10.Apple Imports Banned
11.Record Low Interest Rates
12.Leading Wheat brokers go belly up
13.GST
This is all just of the top of my head, I am sure there is so much more. All of the above have affected how I invest. All of the above is in any daily newspaper, its there if you so choose to take notice of it, does it affect our property prices? I believe the ripple effect of all of the above will.
The fear factor has come home to many this week. I have often had this conversation about fear with many people, I ask them, what is the most precious thing to you?
They more often than not, they tell me it is their children, or loved ones.
I then ask them what is their greatest fear?
They say more often than not, bankruptcy.
I then ask them, that if they have a total financial breakdown, and go belly up, what will they be left with?
More often than not, they say, "their children and or loved ones, that is all"
Is that not the most precious thing? They can take away your house and car and investments, but they wont take away your loved ones. More often than not, the government will support and feed you and your loved ones.
So what is then the worst thing about going belly up?
Hurt pride is more often than not the answer.
Is hurt pride so bad? Isnt it there the opportunity to re-build? re-coup?
I ask these people, How quickly can you re-build do you think, if you went belly up?
The answer is more often than not, a lot LOT faster than it took the first time, because now they already have the knowledge of what to do, and what NOT to do.
Is bankruptcy then a good thing?
I dont think so, money cant buy you love, it sure does make you comfortable.
My point is, look your fear in the eyes, and look at the worst case financial scenario, is it really that bad? And then, keep going forward, onwards and upwards. In my experience, it is almost impossible to kill the human spirit. And in my experience, it is the human spirit that drives people to financial freedom.
The above list of events that happened this year, are very bad events, yet, there has been so much opportunity brought about by the events happening ( except perhaps the terrorist attacks, although I spoke to people who are making a killing in the steel industry as the fear and threat of war looms, very distasteful, but thats life
(.
Thanks for letting me ramble, I hope this gets to more people who had thoughts of emailing me about the above situations, you now know my thoughts on the matter)
Cheers, TW
~God Bless America, God Bless Us All~
HI Everyone,
I have had so many emails and phone calls from people nervous about the state of the market and where it is going, since the tragic WTC terrorist attack. People are asking my opinion on this situation, I only know, what everyone else knows.
I am a little surprised at the skittishness of investors right now, I am asking the people who have contacted me, and everyone else,
to take the time, and reflect on your plan,
Consider the market, look at it as a whole, this is a moment in time, that will make you, or break you, if you do the wrong thing, certainly, it is a moment in time, that has already broken many great icons, watch and observe and protect your butts if you feel it necessary.
Will the stock market crash? will this see people dumping their cash into bricks and mortar? who knows, we can only take an educated guess at this, I ask you to monitor your market, watch what is going on, and dont make hasty decisions.
Your decisions should be swift and clean, when you feel the time is right, watch your market and when you feel it says, GO!, then do it.
Please, the drama and stress that the T.V and radio are placing on our decisions needs to be taken into account, and put into its place, account for the hysteria in your plan, its up to you, to decide, what is T.V ratings, and what is real.
We know the attacks have happened and people have died, that is real. We know the flow thru effects of this are great, research the effects before making hasty decisions financially.
Australia like the rest of the world, is in mourning over the events last week in New York, as well as so many other events on our own shores, this is understandable, but please, keep your eye on the ball, now is the time to look at the ripple effect going on around you.
Some things that have happened that come immediately to mind for me, I am sure there are events that I have missed, I am sure you guys and gals can fill in the gaps for me.
1. New York Terrorist attack
2. NYSE Opens low
3. European Stocks low
4. FHOG finishes in Nov.??( is this correct?)
5. Japan reports 1st case of mad cow disease
6. Tampa Refugee crisis
7. HIH
8. One Tel
9. Ansett
10.Apple Imports Banned
11.Record Low Interest Rates
12.Leading Wheat brokers go belly up
13.GST
This is all just of the top of my head, I am sure there is so much more. All of the above have affected how I invest. All of the above is in any daily newspaper, its there if you so choose to take notice of it, does it affect our property prices? I believe the ripple effect of all of the above will.
The fear factor has come home to many this week. I have often had this conversation about fear with many people, I ask them, what is the most precious thing to you?
They more often than not, they tell me it is their children, or loved ones.
I then ask them what is their greatest fear?
They say more often than not, bankruptcy.
I then ask them, that if they have a total financial breakdown, and go belly up, what will they be left with?
More often than not, they say, "their children and or loved ones, that is all"
Is that not the most precious thing? They can take away your house and car and investments, but they wont take away your loved ones. More often than not, the government will support and feed you and your loved ones.
So what is then the worst thing about going belly up?
Hurt pride is more often than not the answer.
Is hurt pride so bad? Isnt it there the opportunity to re-build? re-coup?
I ask these people, How quickly can you re-build do you think, if you went belly up?
The answer is more often than not, a lot LOT faster than it took the first time, because now they already have the knowledge of what to do, and what NOT to do.
Is bankruptcy then a good thing?
I dont think so, money cant buy you love, it sure does make you comfortable.
My point is, look your fear in the eyes, and look at the worst case financial scenario, is it really that bad? And then, keep going forward, onwards and upwards. In my experience, it is almost impossible to kill the human spirit. And in my experience, it is the human spirit that drives people to financial freedom.
The above list of events that happened this year, are very bad events, yet, there has been so much opportunity brought about by the events happening ( except perhaps the terrorist attacks, although I spoke to people who are making a killing in the steel industry as the fear and threat of war looms, very distasteful, but thats life
(.Thanks for letting me ramble, I hope this gets to more people who had thoughts of emailing me about the above situations, you now know my thoughts on the matter
) Cheers, TW
~God Bless America, God Bless Us All~
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