Has anyone hit/affected by the current recession?

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powder

Active Member
hmm... exec hot hatches got Audi A3, BM125, Alfa147, Volvo C30... actually the Subaru Impreza not bad... nice hatch. dun worry lah, as long as willing to work hard and smart, will always have opportunities... of cos must be able to recognise it when it appears... hard to believe i was still surviving on a daily diet of pao+milo 7yrs ago...
 


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heartygal

New Member
both me and htb working in government sector, and as most of you have heard.. civil sector cutting bonus..
I will try to find the opportunity in the crisis!
 
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lynette_ling

New Member
Is there really crisis going on? The streets along orchard road are so so crowded over the weekends, everyone's buying and carrying at least 2 shopping bags !!
 
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may_be_divorced_soon

New Member
I guess at this point in time, those who have gone under the axe or suffered a pay cut are only the minority. The majority are not really affected yet. Moreover, with festive sales going on, those who are not affected yet would want to take advantage of the sales to pick up bargain buys. Hence explaning why people are still buying and spending, flocking to car showrooms.
 
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vios

New Member
powder, don't tempt me with the others manz... already find myself salivating whenever i meet up with a golf gti owner...

and, your previous diet was a classic example of 'rags to riches'...
 
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powder

Active Member
u can start looking out for bargains... i'm seeing a BM320i at 7.5k, a conti hatch at 2.5k etc etc...
 
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rafflesjay

New Member
Car is somehow a liability and if you think too much you never buy a car and never will own a car.
Life still go on during recession and if you can afford and you want, just go for it. Provided you can afford lah.
 
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cho

New Member
ya.. if can afford by all means la..
but personally i tink 2nd hand cars r better buys.. suffer less depreciation..
 
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cho

New Member
hmmm..
1) check out how much my savings can last me (alt tis shld be done way b4 one loses his/her job i tink)
2) cut on shopping
3) look for new job?
4) decide which liability (e.g. car) to forgo as last resort?
 
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miko2006

New Member
Guess like " no one here " buy shares???

Another angle we see Recession is there is full of opportunities...

Like the world's richest man said : Be fearful when others are greedy and greedy when others are fearful." Warren Buffet
 
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blue_diamond

New Member
i think unless the person is really someone with lots of spare cash...then it will be good to buy and hold.

I mean with the current job market, no one dare to take the risk as it we wont know what will happen to our job...just like my CEO is having meeting with my FC and HR...discusiing about cutting cost...no sure what the impact will be..

Personally there are some shares that worth the buy...however i believe next year feb will be a good time to buy though...
 
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autumn21

New Member
Yes right there are still lots that we can do during a recession. I've learnt quite alot from a website called onementor.com. U guys may want to refer to it to find some tips to surviving this crisis.
 
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