Come September 13 or 15, depending upon who you want to believe, the US$ is expected to collapse and in all likelihood global financial markets!!
Is this plausible? Till early this month, seems to be another one of those doomsday hype.
But as I pen this on this Sunday night, the Dow Jones index just had a 450 points drop last Friday closing, and as the double whammy of expected US interest rate increase and continued fears over a China economic slowdown, many half wounded once bullish investors look to this Monday with trepidation.
Will these fears bear fruit for a moment in all brevity and like the case these past few years, markets will simply bounce back right up as the US Fed will not just desist from raising rates, but purr words of reassurances, much as it will be delusory?
No one can predict the future, but why not focus on what you can do. Late as it may seem in the present market upheaval, but better late than never.
Be disciplined in your
- asset allocation which should be more prudent as market valuations skyrocket
- stick to fundamentally sound investments ideally with a regular cashflow
- buy near low and sell near high. A dictum often thrown out of the window when euphoria encapsulates
For like the Bible says, a house built on solid rock will be able to stand in the face of storms.
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