Did anyone notice that Russia seems to have more blood than the US? Its stock exchange halted trading for two days already. Blood is even in the former communist state. Truely amazing. Anyway the blood in the street is still around at Raffles Place. My colleagues witnessed long queue at AIA office presumably people wanting to surrender their policies. Personally I don't think it is necessary since US government is now 80% shareholder. With big brother, there shouldn't be any problems. Big brother can always print more money if it doesn't have enough money. That's what it has been doing right? Yeah, print more money. In a separate blood-in-the street incident, my clients who had previously bought the toxic nuclear cum SARs waste (aka Lehman Brothers MiniBombs) are now mourning for their losses. I have been receiving emails from them lamenting on their devastation losses. Ironically their bankers have fled and probably uncontactable. Yeah, true salesmen who after creaming off the commissions, are now running away from the clients. I had to give some listening ears to my clients to console them. Why are these clients so devastated? That is because the MiniBombs were marketed to these clients as safe investments. Therefore people who bought it are conservatives. Therefore having huge losses is totally unacceptable. The losses are probably worst than investing in a China fund. Why at least a China fund has a good upside on a long term basis but these MiniBonds are finished. It really pains to receive this email from a client who lost $100k this MiniBond:  Dear Wilfred,  wonder if you can advise me ... with this Lehman loss I will have lost more money at this point in time than I have gained via investment. At this rate, I will be poor before I reach 55! What should I do? Inflation loss is nothing compared to such large losses. I am not a casino gambler but I act like one!

Lessons to learn for future generations (who would have no memory of these Blood in the Street): (1) Diversify the portfolio (2) Do not invest in something of which its prospectus is hardly written in English (3) Don't believe it is 100% safe because there is always 0.0001% that it is not safe and if that 0.0001% occurs (which will occur in practice, it is only when) the entire capital is gone.

If still cannot understand, diversify diversify!!! In investment, in insurance, in income, in spouse (opps this one cannot diversify)