10 years is a very long time. Most people would have forgotten those depressing times ...
1) Did you remember how interest rate on foreign currency spiked up to about 30% during the Asian Financial Crisis? That was the time to put some money into some foreign currency fixed deposits and to lock them in for as long as possible. You make two ways, Firstly, on the high interest rates and thereafter, on the appreciation of that foreign currency..
2) Did you remember the Clob saga, where peopled doubled their money because they could not sell their shares ? That was when "Time in the Market" is better than "Timing the Market"...
3) Did you remember how low the Premier Club memberships were ?
4) That was also the time to upgrade on your property. If you are selling and buying real estate at the same time, you would still be ahead. You will lose on the smaller property that you are selling but you would be buying the bigger property at a bigger discount so net net, you will come out ahead... Hmm.... need to see whether these work for stocks..
5) Did you remember how low COE's were ?
6) I had a friend who wanted to put in some money into Fixed Deposit at DBS. The interest rate were very low. She was annoyed. So she bought the shares of DBS with her money instead. Smart move
It's all about "how much you made when you were right" & "how little you lost when you were wrong"