We hear the economy is in the doldrums and it may take a year or so for recovery. That, i just realised, is possibly too optimistic.
You NEED to watch this video from 60 Minutes on The Mortgage Meltdown. I thought the subprime crisis was almost over and the issue was slowly turning around, despite some hiccups. If the analysis in the video is correct, we are nowhere near the bottom and things will get much worse - or minimally as bad as this year - when the Alt-A and Option-ARM loans end up in defaults. 2011 is predicted to be the year of the next massacre. The bottom of the crisis is at least 2 years away! How long more to recovery from there?!
No job switch for the next 2 yrs at least then. And hopefully can save up enough funds to make an investment when the market hits near bottom. Though i wonder if i will ever be able to save up that much. And, i am especially risk averse, so, not to worry, will not make any impulse decision on this. Thanks for your concern though 