Share Market Meltdown
Recently there is a growing fears with the US stock market plunge, US stocks fell sharply overnight after the Institute of Supply Management reported shrinking activities in the services sector, which accounts for about two-thirds of the economy. The weak reading re-ignited fears that the US economy is already well on its way into a recession – even as the US government is pushing through economic stimulus packages and the Federal Reserve cutting interest rates. The Dow Jones Industrial Average plunged 370 points, its biggest percentage drop in almost a year. (Excerpt from Theedgedaily.com).
If you notice KLSI in very slow and volumes is low due to CNY celebration this week, for those who have invested in Unit Trust please remain calm as stay positive as the minimum investment period is 3-5 years to gain momentum return. Please start diversifying your investments and buck up on financial planning methodology, recent survey conducted by CitiGroup reveals that Malaysian are very much reluctant to gain the knowledge on Investment. Saving is good habit but is your return beating the high increasing Inflations ? Something to think about for the weekend……..
I hope more Malaysians will start taking care of their financial welfare. Learn a thing or two about investments. If not, who's going care about us. Right?
Comment by Nadlique — May 6, 2008 @ 9:36 am