For the past 2 months, we have seen the various countries’ indexes dropped by more than 10 per cents in more than one instances. The financial market is now in a mess, with giant financial institutions in U.S. and Eupose being shutdown, acquired or nationalised.
In these troubled times, should we leave the money in banks, savings account, Fixed Deposit or take it as an opportunities? Warren Buffet, the great U.S. successful investor, had just recently revealed that he was going to pull out all his personal money from bonds to U.S. equities. He advised that we should be greedy when everybody is in fear, and be in fear when everybody is greedy.
So it may be times to invest in those companies with sound financial background which have been beaten relentlessly by the recent development. See the sequence of events happended in September 08 and assess what kind of investor you are.