Robert H. Smith

The clock of life is wound but once, and no man has the power to tell just when the hands will stop, at late or early hour. Now is the only time you own. Live, love, toil with will. Place no faith in time. For the clock may soon be still.

Sunday, November 14, 2010

Spend, Save, Invest?

I just want to enjoy life where it is. The future is still insight, just a slow down in pursuit. Sometimes, I think we work hard everyday but we fail to stop for a moment and think what the end goal is. I am using this time to re-evaluate my choices, my performance, to restrategise, to recharge before I continue chasing dreams.

I can't decide what to do with cash that I have. I suddenly find myself not as discipline as before to read up on money matters. While I have some time today, I have made some pointers for each of the moves with some after thoughts.

Reasons for a down market
- Non-performing european economy i.e Ireland.
- Sharp move in food prices could drive China’s CPI inflation higher in October
- Price rally in global copper market hurt China’s demand for imports

Reasons for a up market
- Recent US QE2.. with negative repercuccions?
- Asia giant - China's economic growth is 10%, huge foreign reserves to invest at higher prices.
- Fast emerging developing markets but their mpact?
- A pledge to avoid competitive FX devaluations is expected in the closing statement

Reasons to stay neutral
- FX impact is likely to be muted, but risk appetite may get a boost; USD may soften as a result
- Most of the companies are now nearing their 52 week high with little room for upside
- Pending outcome of G20 on global imbalances and financial-system regulations
 
Overridding conclusion: None.
 
I'm still stuck in limbo.