I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!


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Welcome to Ministry of Wealth!

This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

It is here where I share with you how I did it! FREE Education in stock market wisdom.

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Value Investing
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Technical Analysis and Charting
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Tuesday 5 March 2013

Dow Within 50 Points of All-Time High. 14,127.82 Up 38.16(0.27%)

 
 
Will STI play lots of catch up with Uncle DOW???
 
 
 




By: CNBC.com Writer
                

Stocks ended near session highs in choppy trading, with the S&P 500 finishing in positive territory for the first Monday in 2013 and the Dow close to hitting its record closing high, as investors shook off earlier worries over China and a lack of progress over the sequester.

he Dow Jones Industrial Average rose 38.16 points, or 0.27 percent, to close at 14,127.82, led by Wal-Mart and Home Depot. The blue-chip index is now within 50 points of its all-time closing high of 14,164.53 hit on October 9, 2007.


The S&P 500 climbed 7 points, or 0.46 percent, to finish at 1,525.20, logging its first positive Monday in 2013. The Nasdaq gained 12.29 points, or 0.39 percent, to end at 3,182.03.

The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, fell near 14.

"The S&P 500 is currently fewer than 50 points away from its all-time closing high of 1,565, [but] if history is any guide...the S&P 500 may have little time to rejoice following the setting of a new record high before collapsing once again, as the median advance following the recovery to break even from bear markets since World War II has only been three percent before stumbling and falling into another meaningful decline within only two months," wrote Sam Stovall, chief equity Strategist at S&P Capital IQ.
Among the key S&P sectors, utilities ended higher, while energy finished in the red.
                                

The $85 billion spending cuts officially started taking effect over the weekend. While stocks so far have largely ignored the concerns over the sequester, analysts say signs the cuts are beginning to impact the economy could eventually move markets.
Over the weekend, House Speaker John Boehner said he and President Barack Obama had made no headway on a deal to avoid automatic budget cuts. Meanwhile, House Republicans are expected to introduce a bill to extend government funding through September, to avoid a government shutdown at the end of the month.

The Shanghai Composite tumbled to its lowest level in six weeks after the Chinese cabinet announced an increase in down payments and loan rates for buyers of second homes in cities where prices are rising too quickly.

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