Thursday, 8 November 2012
Fong Siling vs Warren Buffet again: Compounding factor!
If a person complete their studies at the age of 25 to join the workplace, work to retirement age of 55, just three decades.Over the past three decades, the era of rampant inflation.Old students studying in Taiwan 30 years ago, as long as a few dollars you can eat a bowl of good beef noodle soup, and now to the whole hundred. Currency has depreciated times.In Malaysia 30 years ago, a few cents can buy a bowl of wonton noodles, and now a few ringgit.
If you put the notes in the safe, after three decades out consumer can only buy one-tenth or less the same thing.30 years ago, Kuala Lumpur Bangsar house, sell a million ringgit. The same house, now changed hands four or five hundred thousand ringgit. The banknotes increasingly worthless
More and more worthless banknotes to Favorites money to old age, retirement, I am afraid to porridge water to get by the.
After HKSE had rallied for since July, it hits the almost year high at 22899.85. With ICBC highest at HK 5.25, with sudden slump today at HK 5.08 after Obama took over White House. Hm... Time to take profit on this 5 Star Stocks.
Same go to KLSE which started to retreat after hitting year High at 1670++, and gradually retreated to 1630++... General election 13 is just around the corner. Time to be in cash to grab the good stuff!!!
Take a look at my China Windpower at HK 0.25 (up 11%) in a single day!! wow! I think something is moulding here! Hope to get the leap and flight!
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