Unless oil crash to usd35, i am just pessimistic about investment now! Why, because too much instability! Gloom, that's what decribe current situation! PM Sabri administration is rudderless! Worst administration, well not as worst as Mahathir 22 months i suppose! Vietnam and Indonesia are bypassing us at lighting speed! I am sure talents are heading to Vietnam and Indonesia and take the chance to make tons of money! Why waste in Bolehland!
Even if i sell my remaining stocks at loss, overall, i am still making a tiny profit! Looking at situation in Malaysia and globally, i am just fed up with unpredictable variables!
Yeah, US and EU in total disarray! Wrong leaders in place! Too busy wagging war! No focus on economy! Miss Trump and the peace! Hard to be optimistic nowadays! Can't find any favorable variables!
I still remember on the onset of covid where everything collapse/crash due to demand destruction, oil at negative and every investors are selling everything like no tomorrow and Bursa reach it lowest in March 2020 that prompted Bursa to suspend all short selling.
So this time round are we re-visiting what happen in 2020?
SsLee! This round due to mismanagement of geopolitics and economy! Actually it's very preventable! But we have dumbass leaders nowadays! Which makes me wonder if democracy still have place in future generations!
One of the most important variable is cheap oil price! If you have cheap oil, then the rest will follow! Unfortunately, due to Biden own fault, we are now living in artificial high oil price! Fortunately this round, EVs are replacing ICE cars are much faster rate than anticipated! Shockingly fast actually! By next year probably half of new cars sold will be EVs! So oil price should go down in coming months! It's up to Biden to make oil really dirt cheap! But then again, we are placing hope on the wrong leader here!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Posted by Tobby > 2022-06-26 15:29 | Report Abuse
Investment!