Wednesday 8 October 2008

Surf's up!

After the recent economic meltdown I'm waxing up my financial surfboard ready to surf the waves of recovery that will inevitably come!

The boom and bust ecomonic climate we're currently swept up in makes for some exciting and prosperous times - in investment terms.

It was always going to happen.. The asset:debt ratios of large financial institutions were always timebombs. 120% mortgages, sub-primes etc all contributed to an ever more precariously stacked pyramid of cards which was destined from the start to collapse but while huge rewards were being being gleaned by unscrupulous city slickers; the cards were just placed more and more carefully. The unfortunate thing is that so much of the profiteering has come at the taxpayers expense.

Anyway, now the bubble has well and truly burst there will be some glorious opportunities to capitalise on the market's eventual recovery. In recent days some shares have experienced enormous swings in fortune - so I'm preparing myself to sit, click and [hopefully] win!