.With all the news about high oil prices, downturn of the economic, recessions, it sounds pretty gloomy right? But it's different with me because I'm preparing myself to be a millionaire. My target is to invest in two vehicle during the recession. I know recession is a taboo for everyone but I look at it as an opportunity. Expect it to be in mid 2009 so I'm preparing for it....

My preparation is to invest in stocks when the stocks falls below 800 KLCI index so I'm preparing my self to find out which stocks would be the best stocks. Listening to the CD by Mary Buffet helps I guys.... I'm still browsng around. (More on buffetology too). And sell the shares when the KLCI index is around 1100(50%), 1200(30%), 1300%(20%). I've identified a few shares but they're way too high now.

My next preparation is capture the downturn in the realestate as well. I'm trying to browse and look for a target location and understanding the property cost. I'm still ambivalent of which areas to look at whether in Bangi(where I lived), or in Kelana Jaya(my dads) or Bangsar (the high end). I should really be focused. I plan to go for the auction on 20th, so I'm doing my homework, hopefully I can finish it up. I do too much planning and too little action but I can't blame myself either to be cautious after my boo boo with my first realestate investment.

Labels: millionare investor, preparation, real estate KLCI warren buffet, Secrets of Millionaire Mind, stocks