Let me bore you with the definition for recession. It defines as the slowing economy, which is particularly significant in terms of employment, GDP, wholesale-retail sales and real income, for several months. For your information, Singapore's GDP has declined for several quarters; hence it slipped into recession. Malaysia, however, has not gotten into it but let's not be to sunny and positive: it's a global thingy and no one can be sure it is going to be safe. How's that for reality check huh?

Talking to a colleague, it seems that we are still not experiencing recession so this is the best time to start investing in foreign currency and of course, gold. It may or may not be very rewrading but that is exactly the thing with investing, it's pretty unsure stuff. We can never pinpoint how much Australian dollar (AUD) is going to increase in say two-years time or is US dollar going to gain its strength.

If you are planning to go to South Korea in say 2 years time, it may be a good choice to start saving in Dong. Same goes with AUD, it went to a record high some time ago butit is looking pretty cheap these days (approximately 2.4). Those with more money will try to go for USD and of course, nobody can say it is going to be the best choice. That is the thing with investment, many people will speculate but will it happen? Who knows?

Then again, it is the best time to invest. Especially those with extra money and intend to do so and has been eyeing the market.

It is going to be a difficult time, God knows whether we will experience it and how long it will happen (The longest ever recession in the 20th century was from August 1929 - September 1939, known as the Great Depression). The best thing to do is to try to save as much as possible, be it in your bank, cutting the times you spent in the posh outlets, having fast food or whatever. Saving your change is a start, seriously.

Speaking from experience, it is actually good and beneficial to just dump your lose change in your tabung. You will be surprised how much you can save through this one tiny little act. It may be a big chore at first but as time goes, it will be an obligation. Try it and you may even move to committing the usual '10%-of-the-salary-fgoes-into-savings' rule. It only needs a start and seriously, it's never too late to start or too soon.

Just that, one has to look at investment in the long run rather than as a short-term thingy. Patience and perseverence is the key. Look out from who you ask the advise from and any decisions that you make, is entirely your responsibility.