Stock Market Updates as of August 7, 2011

If you haven’t been following the news lately, I believe you should at least get to know what’s happening on the market worldwide especially in the US.

If you’re not very much aware about the US debt ceiling which had a deadline last week August 2, I suggest you read this – http://bit.ly/pBkgDM

So, did the US debt default happen? Good thing it didn’t. However, the story didn’t just end there. The last minute decision of the US congress still did some negative effects. One of that is the US credit downgrade by S&P – story here http://bloom.bg/p18E5z

What have been the effects so far? Check these news (c/o my mentor Mr. H.)

As my mentors say during times like these – Cash is King. So better keep those cash until such time that the noise will ease a bit.

Or on the contrary, these are the Fearful times. And what do Warren Buffet said? “Be fearful when the others are Greedy. And be greedy when the others are fearful.”

I’ll be greedy but not now. 😀

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Garry Zaldy de Castro is an advocate, Financial Advisor, Certified Investment Solicitor (Mutual Fund Representative), blogger, IT practitioner, husband to Aileen and a dad to Jacob and JohnD. He started Financial Planning Philippines in 2008 just to share his financial learning to friends, relatives and anyone who wishes to be financially independent.

3 comments

    1. If you’re planning to buy on equities and stock funds, yes. Or at least be cautious. As my mentors say, range trade. I’m actually buying on selected blue chips when my buying target prices gets hit (in portion). And when it goes down further, I’ll buy some more.

    2. If you’re planning to buy on equities and stock funds, yes. Or at least be cautious. As my mentors say, range trade. I’m actually buying on selected blue chips when my buying target prices gets hit (in portion). And when it goes down further, I’ll buy some more.

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