Go Steady, said Mr. Rat
January 8th 2008 09:26
If 2007 was a year associated with extremes than 2008 will be a year of moderation and taking it easy as believed by some.
The prediction game using Chinese astrology is going on strong before Chinese New Year on February 7th sets in, and it seems that the coming Year of Rat is giving hints to investors to go slow and steady. As reported by The Standard, Hong Kong-based group director and member of the Investment Committee of Financial Partners International, Peter Kande was told, 'So for those born in rat years, I am told, long-term investments could show favorable returns, since the earth components of the year prefers conservatism and practicability.'
So it seems the prediction came true early or was it just a mere coincidence that money is being moved to safer bets like gold and perhaps oil?
Let see what Morgan Stanley has to say:
'Morgan Stanley is preaching a cash-is-king mantra. "We believe the goal for an investor should be capital preservation. We believe any cash you can accumulate today is likely to become more, not less, valuable in months ahead,' the US house said in a recent note.
A good time for investors to get to grips with the opportunity cost of cash? Morgan Stanley's worst-case scenario sees the FTSE taking a 1,200-point plunge, with the US and global economies also suffering from a bear hug.'
If you have the financial capacity and patience then perhaps, Warren Buffet-style investing could prove worthwhile if Mr. Rat and Morgan Stanely are right.
For the mean time embrace yourself for more sea of red.
The prediction game using Chinese astrology is going on strong before Chinese New Year on February 7th sets in, and it seems that the coming Year of Rat is giving hints to investors to go slow and steady. As reported by The Standard, Hong Kong-based group director and member of the Investment Committee of Financial Partners International, Peter Kande was told, 'So for those born in rat years, I am told, long-term investments could show favorable returns, since the earth components of the year prefers conservatism and practicability.'
So it seems the prediction came true early or was it just a mere coincidence that money is being moved to safer bets like gold and perhaps oil?
Let see what Morgan Stanley has to say:
'Morgan Stanley is preaching a cash-is-king mantra. "We believe the goal for an investor should be capital preservation. We believe any cash you can accumulate today is likely to become more, not less, valuable in months ahead,' the US house said in a recent note.
A good time for investors to get to grips with the opportunity cost of cash? Morgan Stanley's worst-case scenario sees the FTSE taking a 1,200-point plunge, with the US and global economies also suffering from a bear hug.'
If you have the financial capacity and patience then perhaps, Warren Buffet-style investing could prove worthwhile if Mr. Rat and Morgan Stanely are right.
For the mean time embrace yourself for more sea of red.
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