Hi Fellow Automated Millionaires,

let me confirmed one thing - The World Greatest Financial Sale is now on! BRIC funds 35.4% OFF! Commodity & Resource Equity funds 30.7% OFF! China Equity funds 25.9% OFF! Asia ex-Japan Equity funds 23.5% OFF! And many more to come! MUST GO!!! The funds are getting more and more attractive yet again! More funds are even at a 50% OFF, putting them at bargain levels not seen in yeras. And more prominent analysts are optimistic that more discounts would be coming in the weeks and months to come! The Straits Times today wrote that with US market tumbling well over 20% and Asia ex-Japan markets discounts over 45% in the year to date, the discount this time round is even better than those during the SARS period!

The above paragraph would be how Benjamin Graham (Mentor of Warren Buffett) would have said, if he is still alive. To be very honest, it is easier to say than do - to buy when the prices are low and sell when it is high. Benjamin Graham, in his book The Intelligent Investor, said that the willpower to control own emotion is THE most important key to become an Intelligent Investor. Seeing seas of red in your portfolio, exposed to so many bad reports and to control your emotion is the hardest part of the job that I think all Investors have to deal with.

I think I am kind of blessed to have met with the right Mentor, Mr Anthony Boon and have witnessed The World Greatest Investor, Warren Buffett doing investing and of course, exposed to the right books about Value Investing. This knowledge is becoming more and more important in this period of my life. Robert Kiyosaki, though never famous for paper investment said a sentence that is universally key to all investment classes -

You earn when you buy not when you sell!

Nonetheless, despite the little voice in me that is scared and afraid due to all the bad news, I kept telling myself it is THE time to buy, it is THE time to start a portfolio and it is THE time to double our fortune because some Guru once said before All fortunes are made in the crisis! I have started... how about you?

Happy Investing!

Yours Sincerely,
Max Tay