Impending Doom . . . .
 

. . . . of the world economy.

Does anybody have any suggestion of a good financial advisor in HKG that can provide advice as to how best to protect a nestegg from impending economic crisis.

US Dollar / US economy / Oil = global downturn.

Gold?
Property?
Oil futures?

Cash is king at the moment and for a long while.

events seem to have proven abc 1 to be correct on this one, but the question now remains exactly what variety of cash and where to keep it as all banks are suspect.

If Buffet is buying now...so am I!!!:ok:

Now is the time to buy if you are an investor, if you are a trader don't bother.

Diversify your portfolio and then do not look at the figures until middle of next year, I'll guarantee that in 12-18 months you are going to be in positive returns.

Cheers
:O

Look at any 'blue chip' stock chart. Check a 52 week layout. See where the price is now relative to where it was a year ago. On any measure, most of these stocks are being sold for historic bargain prices. Anyone who is buying and holding now will see a substantial return on investment over the next two to three years. If there was ever a 'no brainer', this is it.

A wise move...the Oracle of Omaha is seldom wrong, and has the profits to prove it.
For many years.

The great 'Sage of Omaha' was quoted as saying "Be fearful when all others are being greedy (he didn't buy ANY dotcom shares pre the crash) and be greedy when all others are being fearful (ie now).
A once in a lifetime opportunity......

You might find this thread interesting:

http://www.pprune.org/fragrant-harbo...l-adviser.html

Probably still more room to drop on equity markets (the impeding US election could be one trigger). As an asset class equities have been very overpriced (similarly the property asset class also).

It's still VERY hard to find bargains for individual blue chip stocks at current P/E levels (amongst other inidicators). How can you fcst future earnings in this climate, therefore how can you determine that the current price is a bargain (talking investment and dividend returns here not speculative gambling) ? Very risky with common stock less so with preferential stock but unlike Mr Buffett it is very difficult to obtain the latter. I recall reading that his US3B purchase of GE stock has options to purchase future preferential stock at very discounted rates. Now that's leverage !

And I think he's guaranteed a 10% dividend on his $3Bn. Not bad.:O

AnQrKa try this.......

www.elliottwave.com

Check their past financial forecasts as evidence they correctly forecast this financial crisis. Cash is king at the moment - provided it is kept in a safe bank..........

My only advice is don't listen to any man/woman who spends their Wednesday evenings in Happy Valley and Sundays in Sha Tin. Though you'll find half of those people are the ones who greedily invested in Lehman etc.

Sadly Mr Buffet's adage makes a lot of sense, every cloud has a golden opportunity...

yes, I think if I had any money sense now would be the time to BUY BUY BUY.

But alas I don't have any :sad:

So I will fly the Aircraft and Mr Buffett will be down the back counting his dosh. The way it is.:{

My concern with the "Cash is King" statement is that cash is being seriously diluted right now by virtually every government in the western world.
We are going to see massive inflation in the upcoming period due to the simple fact that the governments are printing more and more of it to cover the banks losses to hold off the whole financial system crumbling in...
So, which currencies are going to be worth holding is the question.
Or, is GOLD the answer?
I am buying gold, but would be grateful for any advice to the contrary.

Frank - the world is not a simple place unfortunately. Those who are flying beyond the age of 55 may not HAVE to - they may just WANT to. See the difference? No - I thought not..........:)

If people here are flying past 55 because they WANT TO, then that speaks volumes in itself. Let's see, if I have the choice between fishing, playing golf, or just generally doing f@ck all, vs doing 14 hr long-hauls.... It's not exactly rewarding work, besides financially.

box

I had a quick chat with Warren the other day and this is what he said:

Op-Ed Contributor - Warren Buffett - Buy American. I Am. - NYTimes.com

A simple rule dictates my buying: Be fearful when others are greedy, and be greedy when others are fearful. And most certainly, fear is now widespread, gripping even seasoned investors.

I just wish I had sold out when others were fearful, one, three, six ,nine or twelve months ago .

Lifted from Kitco Forums:
"Just remember, Buffett himself has stated that while he has not often been wrong, he has often been quite early. Imagine if he's 1 year early in his reinvestment in America. I'm sure he'll recover just fine... but how would you or I?
Therefore, make sure you only invest what you're willing to lose... and don't think you can fight a trend. if you buy on a major downtrend like now.. expect it to go down further."

If Mr Boeing would design sleek new Time Machine how many of us would at last act upon our fear and buy "Day Return" tickets to one year ago and do a few quick transactions?

At least we are still here in 23 October 2008, no ticket required.

No time machine required...

You can now buy shares at the same price as they were 3 or 4 years ago!

If you can't see that and also act on that opportunity...well there is no hope for your economic future!

What are you waiting for???