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!


Click to email CW8888 or Email ID : jacobng1@gmail.com



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.

Think Investing as Tug of War - Read more? Click and scroll down



Important Notice and Attention: If you are looking for such ideas; here is the wrong blog to visit.

Value Investing
Dividend/Income Investing
Technical Analysis and Charting
Stock Tips

Friday 21 June 2013

Stocks Nosedive 2%, Dow Ends Down 350 on Fed Taper Talk; Vix Tops 20 for First Time in 2013

By: | CNBC.com Writer
                

Stocks took a sharp nosedive across the board Thursday, with the Dow and the S&P 500 posting their worst day of 2013, after Federal Reserve Chairman Ben Bernanke hinted the central bank may scale back its asset purchases later this year

With the declines from the last two sessions, the Dow and S&P 500 wiped out all of their gains from May and June.

The Dow Jones Industrial Average plummeted 353.87 points, or 2.34 percent, to end at 14,758.32, with all 30 components in the red. The last time the blue-chip index closed down more than 300 points was last November. The Dow is down more than 5 percent since its May closing high.

The S&P 500 tanked 40.74 points, or 2.50 percent, to close at 1,588.19, crashing through a key 1,598 level that traders had been watching. And the Nasdaq tumbled 78.57 points, or 2.28 percent, to finish at 3,364.63.

All three major averages were back in negative territory for the week, and on track for their fourth-weekly decline in the last five weeks.


 

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