Lee is in the foreground: three major pre-recession concerns – Li Shimin | Apple Daily | Financial Real Estate



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When I saw the news that Microsoft's market value exceeded that of Apple, the mind did not think of three words: "Blue Lantern". After all, Microsoft's stock price over the past two months has not been as good, but the decline is not as obvious as Apple's. As mentioned earlier, the badet market entered a cold winter, but no incidents caused a fall.

Outside the stock market, the funds have not been flooded as before. In the last two or three years, there has been a wave of entrepreneurship in Hong Kong. Financial talent "gave up the well-paid job" to send the lunch box to the history of the flyer, a Queen's Road, there are not a dozen, there are also ten. Recently, I saw a network of entrepreneurs "all licensed", even the boss also "fired their own squid", they know it's "time to crouch under the tide".

Do not get me wrong, I'm not asking people not to start a business. I've created a business, but I've never thought about playing games. I remember that in the past, I had been asked once if I was interested in "a lot of money", but I did not have the courage to ask myself if I am Eclipsed my own money or if I eclipsed people's money. I am already satisfied

In the days to come, the economy will only collapse, especially after the disappearance of the wealth effect, consumption will decline. People like me who have lived in the 90s know very well how bad the worst economy can be.

The autumn harvest is the law of nature, there are three things, I think everyone should do it, and do it immediately: (1) Although I usually ask people to have at least three months of liquidity in the portfolio, But for now, bringing this ratio to six months, if not a year, is not excessive. (2) Stoic said that he usually had a good time and that he did not feel fear when he really had difficulties. Consumption is a habit and it is very difficult to change habits. Before the real depression, it was actually a kind of exercise to try to save a few hundred dollars a month. (3) In addition, it is necessary to establish a diversified income outside the sector, even if it is a skill, it is an badet.

Some people may think that these old things are mundane, but the reality is that common sense is often overlooked.

Li Shimin
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This column is published every Tuesday and Thursday.

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