Hi Fellow Automated Millionaires,
Today, STI Index fell to 1878 points. A lot of people will be asking what's next?
During this volatile period, My mentor always educate our clients who are on RSP to buy down. Meaning we are expecting the prices to go down so that we can buy more units but if the prices go up it would be a bonus :)
The question now lies with the 80% of our clients money that are parked away from the equities market since March 2008. We have shifted one portion back into the market, when is next portion going back into the market? Well, Warren Buffett does investment dictated by the price and not the trend, similarly, in our scenario, we are also dictate by price. Hence, once STI Index is nearing to 1800 points level, we should be going in again.
My Mentor and the team have been waiting for this downturn for 10 years, we will not let this go pass us without doubling our clients' wealth and of course ours too!
Happy Investing!
Yours Sincerely,
Max Tay
Written on Friday, 17 October 2008 00:00 by Max Tay