what to do in economic crisis?


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htthach

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Feb 26, 2006
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dover
#1
My country's economy is on the slope.
Stock market down 60% within a year, inflation 25% :-s, and expected to be 40% :cry:
what should I do? actually what should my dad do? (as i don have any VND, I'm earning Yen :sweat:)
buying gold? USD? stock?:sweat:
 

Feb 23, 2007
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Pandan Gardens
#2
My country's economy is on the slope.
Stock market down 60% within a year, inflation 25% :-s, and expected to be 40% :cry:
what should I do? actually what should my dad do? (as i don have any VND, I'm earning Yen :sweat:)
buying gold? USD? stock?:sweat:
invest in bonds.

you dont get instant returns, but they will come in due time.
 

mrchua

New Member
Feb 10, 2008
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#3
buy property in U.S. if you have the money. home prices have been beaten down quite heavily, and if this helps, Temasek is actually sourcing for investment opportunities in U.S. Real Estate.

i think keeping yourself your investments as liquid as possible would be a better thing to do. in an economic crisis, we don't know when we will get retrenched!
 

paradigm

Senior Member
Aug 12, 2004
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#4
My country's economy is on the slope.
Stock market down 60% within a year, inflation 25% :-s, and expected to be 40% :cry:
what should I do? actually what should my dad do? (as i don have any VND, I'm earning Yen :sweat:)
buying gold? USD? stock?:sweat:
USD? Thought that he might be better off w S$ ...
 

Benign

Senior Member
Jan 30, 2004
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Melbourne
gallery127599.fotopic.net
#5
My country's economy is on the slope.
Stock market down 60% within a year, inflation 25% :-s, and expected to be 40% :cry:
what should I do? actually what should my dad do? (as i don have any VND, I'm earning Yen :sweat:)
buying gold? USD? stock?:sweat:

Stay calm. Crisis is opportunity. :)

Although inflation is high, there are still bargains around.... companies with good fundamentals and property/land with potential is out there. Yen is stable mah. You might even able to get better/higher exchange rate if you remit your saving back to your home country(Especially if it is on the slope).
 

htthach

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Feb 26, 2006
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dover
#6
it's not for me
it's for my father
he has a VND which tends to go down pretty fast recently
and bring money out of VN is very unlikely, unless u have connection
because there's a limit of 5000 USD per trip.
 

Exposure

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Apr 6, 2008
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#7
My country's economy is on the slope.
Stock market down 60% within a year, inflation 25% :-s, and expected to be 40% :cry:
what should I do? actually what should my dad do? (as i don have any VND, I'm earning Yen :sweat:)
buying gold? USD? stock?:sweat:
keep cash and wait for USA to annouce recession as official and buy US stocks like Apple, MacDonalds..
 

werbium

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Apr 9, 2008
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#8
keep cash and wait for USA to annouce recession as official and buy US stocks like Apple, MacDonalds..
My country's economy is on the slope.
Stock market down 60% within a year, inflation 25% :-s, and expected to be 40% :cry:
what should I do? actually what should my dad do? (as i don have any VND, I'm earning Yen :sweat:)
buying gold? USD? stock?:sweat:
Sounds like a repeat of the 1997-1998 Asian Finiancial Crisis.

Anyone who benefitted from the crisis or advice to learn with hindsight. Please share.
 

Benign

Senior Member
Jan 30, 2004
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gallery127599.fotopic.net
#9
Sounds like a repeat of the 1997-1998 Asian Finiancial Crisis.

Anyone who benefitted from the crisis or advice to learn with hindsight. Please share.

It is not the same. The Asian Financial Crisis back in 97-98 only affect part of Asia and those who are caught by falling share prices and devalued currency.

The current crisis confronting us is a mixture of rising prices, high interest, slowing demand and global credit crunch.

I am no financial whiz...... only know when time is bad, just make sure I don't incur too much debt and try to survive the storm. :devil:
 

mrchua

New Member
Feb 10, 2008
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#10
dow plunged 394.64 points due to a surge in crude futures due to the weaker USD that was incited from a jump in US jobless data.

basically, while the US and the western world were relatively unscathed during the 97 AFC, they're the ones getting hit really badly in this credit crisis. watch out for more drama to come. this inflation is going to kill us all ultimately. the governments really have to do something about the speculation thats going on in commodity markets, or else their prices are just going to get higher and higher and higher, until the point when the hedge funds decide its time to pull out.
 

Exposure

New Member
Apr 6, 2008
1,264
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#11
dow plunged 394.64 points due to a surge in crude futures due to the weaker USD that was incited from a jump in US jobless data.

basically, while the US and the western world were relatively unscathed during the 97 AFC, they're the ones getting hit really badly in this credit crisis. watch out for more drama to come. this inflation is going to kill us all ultimately. the governments really have to do something about the speculation thats going on in commodity markets, or else their prices are just going to get higher and higher and higher, until the point when the hedge funds decide its time to pull out.
... the best is yet to come (if u short-sell) ;)
 

adamadam

Senior Member
Feb 9, 2004
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Perth
www.flickr.com
#12
My country's economy is on the slope.
Stock market down 60% within a year, inflation 25% :-s, and expected to be 40% :cry:
what should I do? actually what should my dad do? (as i don have any VND, I'm earning Yen :sweat:)
buying gold? USD? stock?:sweat:
stop BBB gear
 

htthach

New Member
Feb 26, 2006
1,070
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dover
#13
most of my gears sold when i moved to Tokyo
now only 24-105 and 85mm :bsmilie:
 

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