As from April 2013 my Journey in Investing is to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

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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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Wednesday, 1 May 2013

DOW 14,839.80 Up 21.05(0.14%)

 
 
 
 
 
By:
CNBC.com Writer
Stocks reversed their early losses to finish higher on the final day of the month, with all three major averages posting robust gains for April, despite some weak corporate earnings and mixed economic data.

The Dow closed higher for the fifth-straight month and marked the best start of the year through the first four months since 1999. Meanwhile, the S&P 500 and Nasdaq is logged their sixth-straight month of gains. The S&P logged the best start of the year since 1998.

 

The Dow Jones Industrial Average eked out a gain of 21.05 points to close at 14,839.80, ending higher for the 16th straight Tuesday. IBM and Microsoft led the blue-chip gainers, while Pfizer tumbled.

The S&P 500 rose 3.96 points to finish at 1597.57, hitting a new all-time high. The Nasdaq added 21.77 points to end at 3,328.79, closing at a new 12.5-year high.

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

For the month, the Dow rallied 1.79 percent, the S&P 500 jumped 1.81 percent, and the Nasdaq climbed 1.88 percent. Microsoft was the biggest monthly gainer on the Dow, while Hewlett-Packard sagged.

Telecoms and utilities were the best sector performers in April, while energy and industrials lagged.
 

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