What A Bad Week

Life can never be that smooth sailing after all. Last week I received a letter from the lawyer. Apparently my brother in law has defaulted on his personal loan and guess what? I am his guarantor!!! The letter demand me to pay for his outstanding loan amounting to RM33k in 14 days time....Arggh... there goes my future loan application until my name is cleared form the defaulter list in CCRIS. Tried talking to him but as expected, he has no money to pay. After all if he has the financial capability to serve the loan, I wouldn't have gotten the letter in the first place! It was hard for me to say no when he asked me to his guarantor a couple of years ago. Well, I should have foresaw this happening. At this moment I am totally clueless on my next course of action. Any advice?

To make things worse, Fical has close shop. The site cannot be accessed and I have 2 pending withdrawals. There goes my RM3k there...sob...sob. Well its part and parcel of this game, just that the game ended sooner than expected. I was quite amazed by the public reaction who complained to the media when several of the internet programs went down. They should be aware of the risk before jumping in. No point sacrificing all your hard earned savings to become richer in days! No point crying over spilled milks. There's no way that they'll see their money again. Poor chap.

There's a saying, there's a light at the end of every tunnel. Hopefully I would shed some next week. Let's start with some hot tips for the share market. My usual tipster just rang and here are the counters I would buy tomorrow:

1.WCT Land (last traded 1.68)
2. Selangor Properties (last traded 5.30)

I will update the cost and targetted selling price tomorrow.

Last week saw some panic reaction to the market resulting from the sell-offs in China. I should have bought some of UEM World on Thursday, but didn't. It went to a low of 3.74 on Thursday, but rebounded to close at 4.14 on Friday. There goes a loss opportunity of 0.40 cents in one day!

Anyway lets hope for a better week. Happy investing in what ever market u are in :)

Signing off at 1.16 p.m.