The month of February has ended and it’s time for me to make a post on my recent developments.
As I am making this post, I was quite dismayed by the fact that when I visited bloomberg for updates on what’s happening on the financial markets all over the world, I was surprised to see a series of bad news about the global recession:
First, the Dow Jones Industrial Average (DJIA) in US set another record low falling below the 7,000 mark for the first time since 1997.
Second, Billionaire Warren Buffett said that the economy will be in “shambles”, a complete disorder.
Third, American International Group (AIG) posted the largest corporate loss in US history in the amount of $62 Billion.
The recession in US, I think will take longer before it bounce back. A lot of investors are having rampant fear and are panicking. A lot of companies are cutting costs, laying off their employees and closing their plants in various locations. Bankruptcy cases are seen increasing causing a rise in job cuts all around the world.
This month of February is not a good month for me to provide updates because almost all my earnings went to a friend which I lent for an interest of 3% per month. The money will be given back to me this March.
Anyhow, I’ve seen a sudden increase in my adsense earnings over the last month. The readers of my blog kept on rising especially with the help of the global translator plug in for which my site appears in different languages in google search engine. Hopefully, I would get my second payment next month. Keep on spreading my blog to all your friends who might find it useful and beneficial.
My special savings account for which it accounts for bulk of my savings were still giving me passive income monthly.
Debts will also increase next month since I enrolled myself in a gym for better health and I paid it on a one-time basis thru credit card.
Stocks were continuously falling making it better not to watch it anymore since I would just be dismayed seeing the prices of my stocks kept on falling and falling. I’m losing a lot in these investments but I would just continue holding them. I won’t add any stocks anymore even some of my friends said that I should add for cost averaging. It’s a very bear market and it’s as if nobody is trading since the market value of all traded stocks were so low that a lot of times, it did not even reach the One-Million peso mark (US$20,000) in any single trading day. Better not to see and track it anymore.
Everybody is hoping for Obama’s actions to fight against the effects of this global recession that crippled a lot of economies. We are all hoping to you to save the world Obama.
P.S. I’ve recently uploaded a guestbook. Keep on visiting my blog for updates and thanks a lot for all my avid readers. Feel free to make any comment or suggestion.