Just wondering how the world's stock market free-fall is affecting us.  For me, I was hit pretty hard but not enough to sink me.  Pretty depressed because of heavy losses but it could be worse.  I will vote for myself #3, how about the rest of the brothers here?

I've lost enough to cry uncle.... but it will go back up. I've been buying stocks since 1980. I'm still buying on the way down...

I might feel differenly if I were 60+ and my recovery time is almost gone.

I can't answer this question as this crisis only started earlier this year ... we have yet to see the effects
when it filters down to the small people like us ... but I know it will effect every little part of our daily lives !

If more banks fail and the respective governments don't prop them up then we're totally screwed !
we'll need to go back to the old days keeping physical gold and cash in our mattress  

If there's less money going around, would the fees for these girls come down? This could be a small benefit for some of us. Those of us who didn't lose their shirts

It's funny that you said that because just last year 2 of my brothers were hogging up gold bullion and asking me if I wanted in.  I think they were paying something like 800-890 usd per oz.  I think it's still a bit under 1000 usd per oz now, they made a great investments and totally left the stock market.  Now I am getting the I told you so routine from them.

When I put my money in stocks, I am actually gambling with my money; wiin some or lose all.  

Even my blue chip stocks are doing like shit, I do not even bother to look at the indexes nowaday. Maybe after 3 years. Really sink!!! Worse than sinking for a WG.!!

Priced for everything should come down ... less demand !
and that includes visiting to WGs, going to clubs and saunas

ripple effect ...

WGs gets less business ... prices comes down ...
hotel girls don't come to HK bacause they can't make as much in the week they're here ...
walk ups will move to less costly areas and/or try to save on cost of advertising ...

Less advertising ... less revenues for sites like this one ...
these sites will also try to save costs ...

  I can't think of the consequences !!!!!       

For me, I don't actually have a great understanding of the stock market, but I do like 'gambling' so my friends and I in Toronto, Canada, pool together our money to invest it, with more capital our hedging is much better.  However since my friends and I (5 friends in total) are all 'gamblers' we like to bet against the market, so it has actually worked out very well for me, since the stock market has been crashing.  

However although I feel it hasn't yet hit rock bottom, we have pulled our money out, and we each managed to book a handsome win.  

With this new money however I am prepared to invest in real estate, and I am looking to buy stocks in all Banks, because they are all quite cheap right now...

Well, hope to hear more replies in this thread its a good one!

Its fucking with me indirectly as the UK government just effectively printed £500bn which means the currency is turning into toilet paper.... landed in HK 25th September it was £1 = $14.72, I left and it was £1 = $13.31.... but I'm just an employee.

And our wages are delayed by a week too .....

But I don't do shares, in that all the good ones are always at the wrong place at the wrong time, there are always IPOs when I am away doing something else or on a mountain side on a dirt bike, thus directly trading in shares is a no no.....

Also trading shares isn't easy like in HK (where in banks I would see people crowded around terminals in banks) you have to pay a fat fat fee to open an account which gives you zero trades.

Then you have to PAY to be checked under anti money laundering laws..

Each time you buy / sell you need to pay 0.5% of the value of the shares you buy and or sell under stamp duty.

Each time you buy/sell you have to pay a transaction fee of $160HK equiv

Any big gains you make are taxed at 20%, and to cap the insult you have to frigging complete tax returns AND pay for the gains/losses reports as evidence for your tax return...

If you buy sell over £5000 in one transaction  (about 67050HKD) your transaction is suspended under anti terrorism laws until you can prove the money came from a legitimate source.

So in the UK there are too many barriers to normal folks doing this sort of thing.

This is a rather a large event though , and I leave you with these warnings:


Those who cannot remember the past are condemned to repeat it - G Santanya


The crash of 1929.... more money was lost on people falsely predicting the bottom than the original crash. It took a very long time and WWII for shares to get back to their 1928 values (1954).

Gold? , gold is a good idea , the problem with gold is if it really gets bad the government will seize it, the US government made private ownership of gold around 1930 illegal and seized it all back, and only changed the law back in 1976 I think...

And in the UK you are only allowed jewelry , and coins like krugerands in your own home, you aren't allowed to own bricks or bars of gold and it must be kept in a registered place ie inside the vault of a registered company. Presumably so when it gets really bad the government can seize your gold without doing house to house searches.


The government here has started raiding people's safe deposit boxes here , and you have to prove its yours else the government keeps it and you have to prove where you got the money from to buy whatever you got, a place in London got raided recently, they found several kilos of opium, 60kilos of gold bars stashed away and all sorts of things, very few people turned up to claim such things.

Yellow Gold's out.

White Gold's where it's at.



Buy White.

GREAT THREAD!!!
i was about to put a similar site on.
was going to how much ppl lost in the current market turnmoil.

i am also a number 3.  made around 20-30 percent lost since last Oct 07.  

well, i think i am doing pretty ok in terms of many many other ppl who bought the deriviatives...

i heard some people even lost 90% just on stocks!

I don't think it will get so bad that retail banks will fail on a large scale but I think that there is more to come in terms of revaluing assets, economic slowdown and the ancilliary effects from a global recession.

Going through the DB I alread feel that there have been some signs of lower prices. But like most markets the masses will be watching the bulk like sheep to decide where to go. More fallout as ression takes hold.

What is white gold?  I always get commodities mixed up when it comes with Chinese words for metals.  Is it platinum?  

Jborne69:  A lot of stocks in my portfolio was hit hard, almost total losses.  I'm not a big player but I had enough in the market to feel like crap.  All I can do now is wait it out and hope I get back at least 60% in the next 5 years and I will be satisfied.

It is absolutely devastating looking at your value of investment which keeps decreasing day by day, but on the other hand, this crash or depression also re-present a good opportunity to invest in stock market or property.

Keep your eyes open!

Yeah, it's the currency that's gonna kill me. I have a huge Euro return coming at the end of the month
and the Euro is dropping like a fuckin stone.    

Euro made a come back few hours ago ...

Sad is those ppl who got trapped in the Lehman minibonds ... or the ones that are tight with accumulator...

As far as I know, the cost of one ounce gold produced is somewhere 800 USD. Gold is cheap now(though I won't say it would not go lower)

For the money paper being /been printed. Gold should be more than 2500 USD per ounce, but that would come true only if the world go back to the day that each paper money being printed, the gov need gold in stock. US purposely cut that 'tie' long ago.....

As long as your capital gain is under the CGT limit then you don't need to declare. Most people don't go over it. I think it's like 150,000 people each year in the UK. Big taxes in the UK are Income, VAT and IHT (IHT coming down cost of credit crunch ... was going up before cos of asset appreciation vs inceases in allowances). This knowledge is from about 2005/06 ish.

But you are right HK is much better for investing esp in F-Ex spreads and charges.

[ Last edited by  bbbjp at 13-10-2008 20:00 ]

Actually I read a Bloomberg article about this...

It wasn't actually talking about White Gold thou, it was talking about Platinum with some people confuse as the same.  A lot of the world's richest actually dont invest in gold anymore but rather Platinum because is it actually a much more rare substance, but it is primarily used in construction, in crafts and what not, only a small percentage is purchased for jewellery purposes...

BUY PLATINUM!