My two cents opinion (3)

(3) James said " 2012 end of the world , i prefer enjoy my life , saving  .. for what ? "


From ysl two cents

You are absolutely right for no saving needed if 2012 end of the world , but.. but now  is Jun 2011, few more months to go before its end of the world , as long as you are sure you have enough fund to see you through before end of the world, or you are definite you still able to earn and spend toward the 2012 end of the world, thats alright .

For those who are not taking the Avatar message seriously like me , surely will advise you that 'What if this is not happen ? '
Ah... too many if ... or another good samaritan in few more years will tell us for different forecast on the ending of our world.

Your procrastination will continue , its your life its your choice .

My two cents opinion (2)

(2) Ak said "Lehman Brothers go bankrupt , bank can disappear , insurance company also in trouble , who can we trust now ?"

From ysl two cents

If you hit search of " Lehman Brothers " , you get thousands of articles on it.

The history of bank bankruptcy globally ,some lead to another bank or government take over for continuity and restore the public confident .

We can't live without financial services , from an individual , family units, society, corporation, a nation & globally in this civilization world . Or else , we are back to the ancient time of goods exchanging with much trouble in perceived value argument .

You can't live by earning money , keeping your hard earn money under your pillow or keep in a Milo tin , which may entail security and value depreciation related risk .

Somehow we have to have faith and trust the financial  system , to part our money , to accumulate for other assets  purchases, to growth our asset for retirement ( what you  currently earn not meant for personal usage today but also meant for personal usage in old age ), to provide for our love one .. etc

Then what should we do ?
Suggest diversification of the assets classes in  cash, investment, physical properties,  different region or different currency

If we view from another point, as and when there is financial hiccup somewhere, the world will become more caution , the financial sectors seems being slaps for another wake up call , the  regulator will then put more effort to restore, recheck , emphasize compliant and rectify the potential error  in future , same goes for those credit agencies' credibility improvement .