Don’t Panic!! – A Message From Shaun Fox, Founding Partner at RAIC

“Yes, these are the famous words inscribed on the front of the universe’s most useful book “The Hitchhikers Guide to the Galaxy”.

And never were those two words more comforting than today, after our stock market took its largest hit in history(!) and the Dow Jones nose-dived 2,000 points, ending an almost 11-year bull market.

Now the THGG does tell you some interesting facts about intergalactic travel: where to find the best Pan Galactic Gargle Blaster and the best rehabilitation centres to recover from drinking them, the importance of always having a towel with you and its many uses, how to properly insert a gargle fish into your ear, and the proper way to address a Vogon and exactly why you should never let one read you poetry!

However, the book is quite light on facts about Earth. Luckily for my readers, I have been getting all of you “recession ready” for the last two years with my many rambling posts and speaking appearances. But for those of you who missed out on my earlier warning or those of you who did not listen, it is not too late. We are past the point of getting “recession ready” and it is now time to do some “recession proofing.”

Markets have tanked. First step is DON’T PANIC. Just don’t do it. This is what kills people in crowds – the herd panics and people get trampled! Do not start selling your shares now. I know this is the polar opposite of my earlier direction, but at this point you are stuck with them. Never sell them on the way down. Now you need to swallow your medicine and it is going to be a bitter pill to swallow. This is the point I say I told you so and not just me, but all of those great men out there like Ray Dalio  and Warren Buffett.  Now you need to white knuckle it. Prices will go up… eventually. It is what the stock market does. Hopefully you were in solid companies….”

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About RAIC

RAIC is an Investment Manager and a VC Enterprise, specialising in developing high yielding investment opportunities with a strong preference for Mortgage-backed securities.

Our unique approach to lending and investing is to work together with both our Project Partners and our Investors, by understanding the specific needs of both parties we help create bespoke investment opportunities that can achieve the goals and needs of everyone involved.

Their current investment project is the Pleasure Point Mine (PPM) which is the acquisition of a sandstone mine with a known quantity of 20 million tonnes of high grade silica content sandstone. The mine is located in Helidon Toowoomba with easy access to all main Highways that provide the Gateway to Brisbane and The Brisbane Port giving access to the International market.

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