Change my house

I bought my first house in Laguna City in 96, then I changed it to the present location in 1998. (I think it's a right decision, not just from investment point of view, but also from quality of life aspect).
Now it's 2008, I changed my house again, actually I bought the other block, with higher floor zone, better layout and bigger size, and I just sold my old flat and the discovery bay flat. I always treat a self occupant flat like a car (a consumable), therefore during the price fall in the past, I didn't feel bad at all. And to my surprise, it goes back to the original price now. So I believe even if the market falls again this time, my new flat will go back to the original price again in the future, just like HSBC.
From investment point of view, I still think stock is a more suitable tool for me, trading property is so exhausted, the only good thing is the leverage at low cost. So I use the leverage to get a better place to live, and will continue to accumulate stocks. The most important thing is to make sure that the mortgage installment will not affect the cashflow, then one can really forget the purchase price for awhile and enjoy the new home.
Remember, life is short.

To remind myself

I just dropped in a few notes to remind myself today. If I think I have missed 1998-2003 chance to reap up assets, I shouldn't missed this one. I cannot tell if it is now 1998 or 2003, or just 1995-6, but I will continue my "accumulation" process no matter what happens. One of my favorite is still finance/insurance sector. Although people said it will take ages for them to recover, I think the longer it is, the more time I will have to accumulate the stocks. Some people even said they are NOT GOING TO RECOVER, just like Japan. I don't really mind, say, if one day, I find out that I can just survive on the interest income from the stock alone, moreover I have the patience to wait...

悲觀情緒指數

蘋果日報
2008-07-18
大 劉 猛 將 燒 炭 死 炒 股 票 　 欠 債 千 萬
【 本 報 訊 】 城 中 名 人 劉 鑾 雄 （ 大 劉 ） 的 手 下 猛 將 、 在 華 人 置 業 集 團 （ 0127 ） 售 樓 部 當 銷 售 經 理 的 任 建 華 ， 疑 因 個 人 在 股 市 投 資 失 利 ， 炒 股 票 及 拖 欠 卡 數 共 欠 債 近 千 萬 元 ， 加 上 不 堪 工 作 壓 力 ， 在 走 投 無 路 下 終 走 上 絕 路 ， 昨 晨 被 發 現 在 淺 水 灣 海 灘 道 自 己 的 紅 色 寶 馬 座 駕 內 燒 炭 自 殺 死 亡 。 地 產 界 人 士 形 容 任 建 華 平 日 工 作 認 真 及 拼 搏 ， 對 他 自 殺 感 到 惋 惜 和 震 驚 。
Recent investment atmosphere is really bad, started with 兩房事件，then one bad news followed by 2 bad news, it's almost the end of the world. However, I still feel something is missing. Today when I saw this headline, I know what was being missed. No one can tell if it is the bottom yet, but I can tell that the 悲觀情緒指數 is really new high now. Under adverse investment condition, the most important thing is to maintain your EQ， however 講容易過做很多，emotion is always infectious.