Dear readers, Thank You for tuning in to SGStocksInvesting on the third day of the Chinese New Year! I believe today should be a day where many of you would be staying at home to rest after a hectic two days of visiting your relatives. In any case, the third day of the Chinese New Year is not traditionally a day for new year visits.
Back to the investing front, what is definitely shaping the global stocks markets is the development of the Wuhan coronavirus. Already, stocks including China-related and oil-related stocks have seen a beating with Gold prices heading north. As the Wuhan coronavirus episode is still developing, I would think investors should not rush into buying some beaten-down equities since it is not known whether that would be a falling knife instead.
Rather, the first thing to invest in for this Chinese New Year would be our health against the backdrop of the Wuhan coronavirus development. On the aforementioned note, I feel my throat is getting sore over the bout of eating lots of snack these few days of holidaying. And I am sure many of you may be eating just a little bit more these days as well. We should hence not drink more water and restore our health back to normalcy so that our immune system will not be weakened in this current climate of the Wuhan coronavirus episode.
Hence, let us invest in our health first in this Year of the Rat!