Hi Fellow Automated Millionaires,

To be very honest, I wanted to write this article tonight rather than now as I wanted to attend MMI 2008, but since I am a warrior and I have committed to write the Blog every saturday morning, I am writing it now ;-) Aho!

Yesterday, 7th Nov 2008, Business Times has an very interesting article titled as above. There are total of 5 Panellists (listed below) talking about it. And guess what? They all agree that this downturn is really very very bad :) but what's more beneficial to us as Automated Millionaires is that they seems to be agreeing that now is a good time to get back in - selectively though :)

So now the question would be what is selectively? 3 out of the 5 panellists points to Emerging Markets, especially, BRIC and Asia. If the experts are also pointing to that direction, what are you waiting for? As Warren Buffett always say,"There wouldn't be any mass email will be send out to everybody that says Recession is over! Let's get into the market now!" T. Harv Eker said this - The only way to get Inner Power is by The Way of Action! In the book Richest Man in Babylon, it states the Goddess of Luck favours the man of action. So are you the man of action? :)

Lastly, the Panellists also pointed that Gold and not oil will be the one that benefits from this financial crisis due to the debasing of US dollars and Gold has always been a form of cash. Now Gold is at $734.20 per ounce, most of the experts are pointing to 3 to 4 times higher to $2,200 ~ $2,500 in 2 to 3 years time! In addition, one of panellists also suggest that Oil might too raises it prices from now low level of $61.40 to $200 in 2 to 3 years time. Maybe we should be looking at resources fund starting from now? :) Keep you update on that.

Happy Investing!

Yours Sincerely,
Max Tay

Panellists:
1. Jesper Koll, president and chief executive officer, Tantallon Research, Japan
2. Robert Lloyd George, chairman and CEO of Lloyd George Management, Hong Kong
3. Ernest Kepper, former official of International Finance Corporation and Wall Street investment banker heading an Asian financial consultancy
4. William R Thomson, chairman of Private Capital Ltd, Hong Kong
5. Christopher Wood, managing director and equity strategist, CLSA Asia-Pacific Markets, Hong Kong