Tonite, my portfolio is up 2.82% versus -1.85% of the KLCI since its inception. I have only been 35%/64% invested in equity with the rest of it in cash and I’m now waiting for the market to make its next move whilst looking at what has been going on in the global markets, what with all that press in the blogosphere of the start of the great bear cycle and the Dow dropping to sub-8000 levels. I’m just glad that I’m not that heavily invested right now because although things are looking cheap, it’s worth noting that when the market drops, it always does so beyond most people’s expectations, so my hands are tied to my chair while I wait this one out. I still believe that emerging market economies will outperform the Dow sooner or later, but I am not going to guess when or how large the bottom is going to be. Over the next few weeks and months I expect there will be many opportunities to buy things for cheap so I am going to start saving now and be like an eager shopper in the next stock market sale!
