Dear Traders,
I have had a number of calls this week, " Should I sell all my shares ? Is Malaysia in recession? Everything is so bad. I am depressed. All the economic news on TV is bad. Major banks in the world are collapsing- Is it safe to keep my money in the bank ? Is the Man Fund Capital guaranteed still a guarantee ? What if NAB Bank in Australia who underwrites the Man capital guarantee goes bust? Do I lose all my money ?
Fear is at the absolute extreme. Perhaps at the 1931 depression levels- It is as though Chicago was hit by a nuclear bomb !
My advice: DO NOT THROW AWAY YOUR QUALITY SHARES or your Man Investments. (Man AHL made a 7 % return in September covering the JUly and August loss)
Here is the reality: Warren Buffet has opened his wallet to buy for his own account. When he opens his wallet we are close to a bottom. The news is creating the fear and panic and driving the herd of sheep to the slaughter house. The tigers of the market are enjoying the feast.
Look at facts and logic: Credit and oil are the lifeblood of the world economy- oil has collapsed which gives a huge economic boost but the media and most investors are not discounting the almost 50 % drop in crude oil. Credit is beginning to unfreeze. This will cause the US dollar to drop, AUD/MR rate to move in the AUD favor and commodities to pick up and the KLSE/world markets to begin a recovery. Just like our body- when we suffer an injury it takes time to heal. The healing has started.
On Wednesday, you are invited to a private event: Please let me know your questions about current performance/capital guarantee so we can ask Sam.
Mr Sam Gibson from Man Investments will share on how alternative investment can help to enhance your total portfolio while Our CIO, Mr Ang Kok Heng will share his views on the advantages of foreign investments and the analysis on historical performance of Man Investment funds.
Details of the talk are as below:
Date : 22 October 2008 (Wednesday)
Time : 7.00pm - 9.45pm
Venue : Kristal Ballroom 1,
1st Floor East Wing, Hilton Petaling Jaya Hotel,
No 2 Jalan Barat,
46200 Petaling Jaya.
7.00 pm Registration
7.30 pm Alternative Investment Opportunities Through Man Investment
by Mr Sam Gibson of MAN Investment
8.30 pm BREAK*
8.45 pm Voyaging the Financial Tsunami
by Mr Ang Kok Heng, Chief Investment Officer of Phillip Capital Management Sdn Bhd
9.45 pm Question and Answer Session
*Refreshments will be provided.
Please RSVP with Azimah at 03-2711 3038 or email me This seminar is free of charge.
DOW 30 Futures with support building off a double bottom. It takes time to heal. TG issued a classic shakeout signal on 13 October showing that scared sellers are giving to strong hand smart money buyers. Despite the doom and gloom Malaysia is much stronger economically than the US. The political problems in Malaysia are a storm in a teacup and have nothing to do with the supply and demand for CPO etc. .
I have had a number of calls this week, " Should I sell all my shares ? Is Malaysia in recession? Everything is so bad. I am depressed. All the economic news on TV is bad. Major banks in the world are collapsing- Is it safe to keep my money in the bank ? Is the Man Fund Capital guaranteed still a guarantee ? What if NAB Bank in Australia who underwrites the Man capital guarantee goes bust? Do I lose all my money ?
Fear is at the absolute extreme. Perhaps at the 1931 depression levels- It is as though Chicago was hit by a nuclear bomb !
My advice: DO NOT THROW AWAY YOUR QUALITY SHARES or your Man Investments. (Man AHL made a 7 % return in September covering the JUly and August loss)
Here is the reality: Warren Buffet has opened his wallet to buy for his own account. When he opens his wallet we are close to a bottom. The news is creating the fear and panic and driving the herd of sheep to the slaughter house. The tigers of the market are enjoying the feast.
Look at facts and logic: Credit and oil are the lifeblood of the world economy- oil has collapsed which gives a huge economic boost but the media and most investors are not discounting the almost 50 % drop in crude oil. Credit is beginning to unfreeze. This will cause the US dollar to drop, AUD/MR rate to move in the AUD favor and commodities to pick up and the KLSE/world markets to begin a recovery. Just like our body- when we suffer an injury it takes time to heal. The healing has started.
On Wednesday, you are invited to a private event: Please let me know your questions about current performance/capital guarantee so we can ask Sam.
Mr Sam Gibson from Man Investments will share on how alternative investment can help to enhance your total portfolio while Our CIO, Mr Ang Kok Heng will share his views on the advantages of foreign investments and the analysis on historical performance of Man Investment funds.
Details of the talk are as below:
Date : 22 October 2008 (Wednesday)
Time : 7.00pm - 9.45pm
Venue : Kristal Ballroom 1,
1st Floor East Wing, Hilton Petaling Jaya Hotel,
No 2 Jalan Barat,
46200 Petaling Jaya.
7.00 pm Registration
7.30 pm Alternative Investment Opportunities Through Man Investment
by Mr Sam Gibson of MAN Investment
8.30 pm BREAK*
8.45 pm Voyaging the Financial Tsunami
by Mr Ang Kok Heng, Chief Investment Officer of Phillip Capital Management Sdn Bhd
9.45 pm Question and Answer Session
*Refreshments will be provided.
Please RSVP with Azimah at 03-2711 3038 or email me This seminar is free of charge.
DOW 30 Futures with support building off a double bottom. It takes time to heal. TG issued a classic shakeout signal on 13 October showing that scared sellers are giving to strong hand smart money buyers. Despite the doom and gloom Malaysia is much stronger economically than the US. The political problems in Malaysia are a storm in a teacup and have nothing to do with the supply and demand for CPO etc. .
Have a good week
Bill
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