I AM BACK! ^^ Really have been some eventful weeks, both in my personal life as well as the market. One major accomplishment was my wife and I had created our first true stream of passive income!

I always believe in momentum. Once a person gets the first taste of success, no matter how small or big, it will just keep coming back! You make your first $0.50 from some internet business, your sub-conscious will be convinced that it is possible to make money from the internet. Then you make $10 from the internet, your mind will be convinced that it is not so difficult at all. Because of the positive belief, your thoughts and actions will be directed towards how to make even more money. And before you know it, you could be making $12,000 a month just from the internet

The market has been pretty exciting as well. Every other day, Dow Jones will move by 100 points or more. The market is crazy with the VIX at 4-year all time high. Isn’t it coincidental that that in my last post on the market cycle, there is this article from fundsupermart that mentioned that month of August has the highest probability of making losses? The same article also mentioned that the last quarter in the year has the best probability of making money! I personally feel that the market has not finished with its bull run and that it is just taking a breather. Almost all the analyst reports I came across say that the subprime credit woes is over-hyped and that the subprime mortgage issues shoud not have caused such a big uproar. At time of writing this post, the Fed has made a surprise move to cut discount rates that had sent the Dow oscillating between the 13,000 and 12,800 levels on this Option expiration Friday. Is the sell-off over already? Since every mentioning of the subprime will send the market into a frenzy, how can the US economy get rid of the subprime credit issues?

The title of this post actually came from my wife. She has been asking me day after day if it is the right time to buy the stocks that are at very attractive prices now. And we have been spending time looking through stocks to find good ones to buy when the time is ripe. We totally second Adam Khoo’s stock investing philosophy.

Meanwhile. have a good weekend!

If you find this post or this blog is helpful to you in any way...do consider buying jmot a kopi (aka coffee)!

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