So how will our investment outlook be like?
by Penny on August 26, 2008
With interest rates staying put, Anwar winning the by-elections and the budget announcement this Friday, what will be in store for us? I am not sure at all. What do you think? Well for a start, things may look a bit positive with some hope of a good change to take place. But then again market confidence may just slacken causing a further downturn in our securities market.
If that’s the case, then it’s really a time to shop for discounted blue chip counters (if they fall significantly). I’m also into commodities right now so I hope any downward turn in the stock market will only be equalized with the rise in commodities.
Do you foresee a lot of good news in the coming budget? With the price of petrol coming down a little, I was hoping that it was the start of better things to come. One of my wishlist is definitely lower income tax contributions, some form of childcare benefits (a real long shot but no harm wishing), higher contribution towards EPF on the employer’s side and it would be nice to do away with government tax on food bills once and for all.
Anyway, let’s all hope what’s to come will be good for us all.
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A little bit about Penny, author of this blog
I want to learn the art of creating, managing and preserving wealth. It's not as easy as ABC but I believe it can be done well with lots of determination, discipline and perseverance. To date I've written 211 posts relating to money matters on this site.
I own a blogshop, Penny's Online Shop, offering trendy ladies apparels at very reasonable prices. I also write a shopping blog, a mummy blog as well as a contributor to a health & wellness blog.
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