Wednesday, January 23, 2008

Were You Overjoyed or Overwhelmed by the Jan 22nd 2008 Global Meltdown in Equities?

Were You Overjoyed or Overwhelmed by the Jan 22nd 2008 Global Meltdown in Equities?

Hi! On January 22nd, stock markets around the world collapsed on rising fears that an impending US recession was going to throw the entire global economy into a tailspin.

Then, the US Fed came to the rescue with Chairman Ben Bernanke okaying a 75 basis point (0.75%) interest rate cut. As I write this on January 23rd the recovery in stock prices all over our planet seems to be measured but discernible.

So, my question for you is simple: In the midst of the tremendous drop in stock prices and the resultant evaporation of billions of dollars of equity values in every country affected, how did YOU feel?

Were you...

1. Oblivious because the stock market has nothing at all to do with your life?

2. Petrified because you saw your wealth take a steep nosedive?

3. Overjoyed because you saw the drop as an opportunity to nibble selectively on stocks or funds that you've been accumulating over the long haul?

Please let me - and all others who read this blog - know how you felt and why you felt that way by leaving a comment with your answer.

Finally, if you truly wished your personal reaction had been less frantic and a whole lot cooler and calmer, then you might want to sign up for my FREE weekly ezine GET BETTER, which aims to help people manage their time, talents and, most often, finances better. (And if you happen to be an intelligent, English-speaking professional based in my home country of Malaysia, then do note that while I wear, at different times, the hats of writer, speaker and consultant, I focus most of my time toiling away as a licensed financial planner who specialises in retirement funding solutions for 30- to 50-year-old individuals living in Malaysia. If you'd like to know a little bit about me and my consulting services, you are welcome to check out my bio.)

Bye for now.

Warmest regards,


PS. If you want to invest in a digital resource that will help you take charge of your own personal development by teaching you how to quickly craft YOUR OWN mission statement, you are invited to part with your hard-earned, selectively channelled money to buy my Special Report on that subject here.

Rajen Devadason is CEO of RD Book Projects and its sister company RD WealthCreation Sdn Bhd. He lives in sunny, peaceful Malaysia with his gorgeous wife Rachel. He's a Malaysian Securities Commission-licensed financial planner, a life planning consultant, a professional speaker and a serial author... which probably explains why he's so exhausted! Some of his books are available here, and, if you're interested, here are some quotations he reckons are accurate, bold or cool.