How’s it going?

How’s it going my friends? Been a while since my last update. Heaps of apologies for that.

So, how are you faring in this financial crisis? A lot has happened these past few months. Recently, it has been made official that the US have been in a recession since December last year. We’ve seen the oil price topping nearly USD150 and now settling around USD36. On top of that, the interest rate in the US has plummeted to 0.25%. Oh, and not to forget, a number of giant companies collapsing.

Trading for me has been pretty much bland lately. I’m not trading as much as I’d like to (give or take about a few times per month) and in terms of bank balance, I’m going nowhere. Don’t even get me started about my unit trust investment.

Anyway, at what stage are we at now folks? Honestly, I have no idea. Most financial experts can only guess as well.

At the present moment, for the Aussie market, it appears that we’re in a consolidation pattern. Hopefully, a bottom is starting to form.

Come back bulls! We are starting to miss you!

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About nadlique

This blog is about the journey of a 28-year-old Malaysian towards financial freedom. This blog was started back when the blogger was 21 years old. However, his journey towards financial freedom had begun way before that. Materials such as investing, business, entrepreneurship, equities, and real estate are presented. The author also posts his thoughts and observations on life in general.

Comments

  1. Wouldn’t petrol prices be climbing again once the bulls start coming back to the ranch?

  2. That’s why one needs to make sure that what goes in to his/her pocket is faster than what goes out.

  3. I think it is time for us to prepare when the markets starts recover. Merry Christmas and Happy New Year!

  4. I am not sure when the bull will start, but I surely am accumulating my investment now. I don’t care is this the best time, i do think this is the right time though 🙂

    Don’t miss it…once in a life time chance is NOW! Good luck!

  5. Marcella says:

    Hi Nadlique,
    Have not bothered to check my portfolio performance for many weeks .. ..sign of the time, hoping to get pointers from you. In London now and am freezing…

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