For those who want to jump into the market now, the risk is definitely a lot higher compared to last year, few years ago or year 2008. But we cannot say it is at it's peak now as no one can really predict the market.
In short, stock and property market is a cyclical game, which means there is up and down. There won't be forever go up, or forever go down. In overall based on history, it is going up a lot even it went down some times. That is why I said it really does not matter you buy at the peak as this point, as it is hard to say and you can be right in mid or long term. What if the marker continue to go up for another 30 to 50% after you invested?
Anyway, what we want to do is to make a right decision. In order to make a so called right decision, we have to minimize our risk and understand what we are investing. We cannot be 100% right on all decision, but we can increase our probability of being right in our decision, by understanding what we are investing either based on history or future prospects, as well as the risk we are going to face.
The best thing to do now is to learn. Michael Jordan spent more than 20,000 hours in his life to practice on basketball before he became a legend. Warren Buffet spent all his times to study annual reports and company financial statistics even though he is one of the richest man in the world. All the riches are keep learning in order to climb in a better position and secure themselves.
If you have learned a lot about stock and property market before 2009, you should be a multi-millionaire by now. If you are already started to learn, then you need to continue to learn. That's one of the reasons that how the rich differentiate than the normal and poor people.
Have a nice day, folks.
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