US
stocks dropped more than 1% yesterday, so does this mean the party is
over? Is it time to put your money in FD and go to the beach and sip on
cocktails, watch the waves crash against the sand and oogle at girls or
guys in bathing suits?
The answer in my opinion is NO. Now is the time to be the busiest, we are only getting started. We are in an early bull cycle, you may disagree with me now but soon you will see that I am proven right. 3 simple reasons: GDP is picking up, it is an election year and foreigners are buying emerging market assets. Noise will always remain. This is not the time for a financial crisis, yet.
So, keep your pants on guys and girls. Avoid the picks that are obviously (you know it) pump and dump. Stick to solid companies and focus on current themes. Ones I like are:
1) Election counters
2) MYR strengthening beneficiaries
3) Affordable property developers with public transport
4) Technology companies with competitive advantages
Remember, you can be lazy but make sure your money isn't.
The answer in my opinion is NO. Now is the time to be the busiest, we are only getting started. We are in an early bull cycle, you may disagree with me now but soon you will see that I am proven right. 3 simple reasons: GDP is picking up, it is an election year and foreigners are buying emerging market assets. Noise will always remain. This is not the time for a financial crisis, yet.
So, keep your pants on guys and girls. Avoid the picks that are obviously (you know it) pump and dump. Stick to solid companies and focus on current themes. Ones I like are:
1) Election counters
2) MYR strengthening beneficiaries
3) Affordable property developers with public transport
4) Technology companies with competitive advantages
Remember, you can be lazy but make sure your money isn't.
