Roller-Coaster of World Stocks Market

NEW YORK (AP) -- Wall Street struggled to steady itself Tuesday, climbing back from an early plunge after the Federal Reserve cut interest rates in hopes of restoring stability to a faltering U.S. economy. The Dow Jones industrials, down 465 points at the start of the session, recovered to a loss of about 175 points.

Opss.. This is taken at around 11am US time, opss.. this is shiok! haha I can tell you I am very excited to follow up this time possible US recession period. Guess from now on, everyday I will stay till 2am and wake up at 8am to follow up the US stocks market. The Dow Jones Industrials dropped 465 points at the start of the session, recovered to a loss of about 175. The recovering is due to the facts that FED of US decrease the overnight interest rate to 3.50% where previously is 4.25%. This cut of interest rate is expected to be done on next week, but after seeing the work market plunge following the scare of US recession, the FED surprised everyone by lower the interest rate today. This just show how worry the FED of US about the possible of US recession.

It is just like a roller coaster where the Dow Jones Industrials recover from -465% to -175. This is extreamly excited for me who is the newbie in the stocks market. I am still wondering, what will be reaction of the investors in ASIA towards the interest rate cut by FED, will it be a boost of confident for the investors or it will dropped further as the DJ are still in negative for now. If the DJ today dropped more then 200 points, I foresee that tomorrow ASIA will face another sharp drop in respective stocks market as even the US investors are not confident enough even after FED make a huge interest rate cut, how would you expect the investors in ASIA not to worry that US will heading to recession. If the DJ will rise to positive, I am quite sure tomorrow's ASIA stocks market will be a BANG after few days of doom :P

How does this stocks market affecting me? Yeah... In deed it scare off few of my customer who previously opted to be my customer for public mutual fund. This is very disappointing for me as I just start of my career as Public Mutual Unit Trust Agent, but I am still looking positive on this as I am confident on the capability of public mutual fund to raise more income for me compare to just put money in the bank for FD in long term.

I am planning for 2-3k to be invested in Public Mutual Funds, my investment strategy is simply, buy few good fund and do monthly top-up basic to lower down the average cost of the units, as I expect the market will be very volatile (as shown by US market market today, from -465 to -175. The investment cycle, it will rise after fall. So just constantly invest eventhough the market is falling, you will see big different when market rebound!