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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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, 22 May 2015

Under half an hour - Wipe out!!!























Mr. Market never give chance or early warning!

Do we still want to bet most of our net worth with Mr. Market when we retire?







 


3 comments:

  1. In the history of sudden wealth loss, Li Hejun may have set a new record.

    Li, who was China's richest man until this week, saw his fortune drop by as much as $15 billion in a half-hour as the stock in his company, Hanergy Thin Film Power Group, fell by nearly half. Trading in the shares was halted Wednesday and Li didn't attend the company's annual meeting. ( Tweet This)

    While plenty of billionaires have seen their fortunes cut in half over time, few if any have seen $15 billion wiped out in a half-hour. Li's total fortune was around $30 billion before the stock plunged.

    Prior to the drop, the company's shares had risen by more than fivefold since September, baffling analysts.

    In a similar wealth decline, Hong Kong property and electronics magnate Pan Sutong has lost more than $11 billion this week as shares of two listed companies, Goldin Financial and Goldin Property, both closed down more than 40 percent.

    Pan owns around 65 percent of Goldin Property and more than 70 percent of Goldin Financial, according to filings. His fortune was listed at more than $28 billion, making him Hong Kong's second-richest man.

    That means that the two men have lost more in one day that the total net worth of Carl Icahn, Steve Ballmer or Michael Dell.

    ReplyDelete
  2. Live by the sword, die by the sword? hahaa

    ReplyDelete
  3. Can happen to us in our own way. Cannot trust Mr. Market too much for the value our net worth.

    ReplyDelete

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