Investing 101

These are scary times in the global financial markets.

Unless you have been living under my stack of shoes (and/or clothes), you should know what I am talking about.

Apart from the handful of investors who have had enough foresight to hold CASH or GOLD or the JAPANESE YEN, the rest of us in the investment world are pretty much f**ked.

Yes, I am an investor who appears to have only hindsight in investing.

And I’m not just referring to my retirement savings investments (Damn it, it’s been 10 years of negative growth).

I give you:

Exhibit A – Peach chiffon dress with sequins bought in Singapore, 2001, for a wedding at the last minute.


Premium Paid: SGD500
Investment Rationale: I don’t have anything in peach! The sequins are so pretty!
Asset Wearability History: Once
Today’s Worth: Takes up 0.1% of my wardrobe space. Peach isn’t even my colour. And the sequins are so 80’s.
On Hindsight: Never buy anything at the last minute.

Or have a look at:

Exhibit B – Brown faux pas fur jacket bought in Hong Kong, 2003.

Premium Paid: HKD900, after discount.
Investment Rationale: It’s 30% off! I want to look like Carrie Bradshaw in Sex And The City!
Asset Wearability History: None
Today’s worth: Not sure. Depending on where the campaign against animal fur trade is at today.
On Hindsight: Never try to look like Carrie Bradshaw unless you are Sarah Jessica Parker.

Finally:

Exhibit C – Bright red high heels bought in Melbourne, 2007.

Premium Paid: AUD99
Investment Rationale: A Wardrobe Must-have, according to Vogue.
Asset Wearability History: Once
Today’s Worth: Based on my own unscientific Shoe Depreciation Index (SDI), about AUD40.
On Hindsight: Don’t believe everything you read, even if it’s Vogue.

Now, while I have your attention, does anyone want to take these items off my hands?

I’ll give you a good deal.

Hello?