Past few weeks; Uncle8888 has received more emails from blog readers and Whatapps messages from his ex-colleagues with common topics in their mind. How ah? Cut losses and recycle capital when market drops lower? Can I recover my paper losses? Can I still believe in "passive" income from investing to FIRE or retire? Sigh!!! One guy in his 50s who has just started investing a few years ago and now sitting on more than $200K paper losses and feeling stress and more stress from his nagging wife that these paper losses could have funded their son university study! Market already stressed him and nagging wife who doesn't understand market add more stress! Cham! Hope his son doesn't ask him. Papa still okay or not? Hmm .. Uncle8888 still remember this ... same same :-) Read? Not Interested In Investing or Too scared To Invest??? Why it is known as personal investing? Don't let wife know too. It is very personal!!!
The Ministry of Manpower will introduce a Self-Employed Person (SEP) Income Relief Scheme (SIRS) to support eligible SEPs with less means, and tide them over this period of economic uncertainty. 2Under the scheme, eligible SEPs will receive three quarterly cash payouts of $3,000 each in May, July and October 2020. Eligibility Criteria 3About 50,000 SEPs currently receive Workfare payouts annually, and will be eligible for SIRS. Due to the extraordinary circumstances brought about by the COVID-19 pandemic, we have broadened the eligibility criteria beyond Workfare to enable more SEPs to qualify for SIRS. As a result, SIRS is expected to automatically benefit about 88,000 SEPs. CW8888: $9K is capital injection of $180K @ 5% dividend yield in this CONVID-19 bear market to get it.
Stock futures were flat in overnight trading, following Tuesday’s historic rally, as investors awaited an unprecedented stimulus package to combat the economic impact of the coronavirus.
Futures on the Dow Jones Industrial Average climbed about 30 points. The S&P 500 futures were little changed.
The action in the futures market followed an epic comeback on Wall Street. The Dow soared more than 2,100 points, or more than 11%, notching its biggest one-day percentage gain since 1933 and its best point increase ever. The S&P 500 rallied 9.4% for its best day since October 2008.
Even with Tuesday’s massive rebound, some on Wall Street struggle to see the light at the end of the tunnel, especially without a clear sign that the coronavirus outbreak will be contained soon.
“This was a one-day bull market,” CNBC’s Jim Cramer said on “Closing Bell” on Tuesday. “You had stocks that moved so much they basically moved as if the second half of the year is going to be good. I struggle to find out why the second half of the year should be good ...I hate this kind of rally. This was a machine driven rally, just like the sell-offs … I want to wait to see.”
Lawmakers were closing in on a massive fiscal stimulus bill worth $2 trillion to blunt the economic damage from the pandemic, but talks could stretch into Wednesday morning as the two parties continued to work through the text and hash out final details.
House Speaker Nancy Pelosi told CNBC on Tuesday morning that there is “real optimism” Congress can clinch a pact within a few hours. Senate Majority Leader Mitch McConnell later said the bill is at the “five-yard line.”
Meanwhile, the coronavirus cases in the U.S. and globally still haven’t shown a sign of peaking. More than 400,000 cases have been confirmed worldwide, including over 50,000 in the U.S., according to Johns Hopkins University. So far, more than 600 deaths related to the coronavirus have been confirmed in the U.S. New York City reported nearly 15,000 cases Tuesday and 131 related deaths.
How? Not that difficult! Spent your investment income away to fund your household living expenses during retirement phase. Once the money is already spent; your investment portfolio by nature will become more defensive from Mr Bear taking back your money! LOL! Right?
Dumb or silly retail investors will suffer pain and more pain longer while smarter ones are staying at sideline smiling as it is still early! Tracking old pain and new pain from CONVID-19 Bear market and see how painful can it be.
Today, Uncle8888 did a revised stress test assuming Depression 2.0 is coming and will hit his investment portfolio in SGX badly and even lower than GFC and SARS period. Currently; he has already deployed about 30% of his war chest! Stress test result for Depression 2.0 for fully deployed war chest The stress test result is not too scary since it is still slightly better than GFC. During GFC, he was caught sleeping during 2007 Bull Run without focusing on his money management skill! This time; he has been preparing himself to be slaughtered by Great Bear and the pain can be eased by Panadols! The time is different! The difference is in cash flow! During GFC, Market down. Negative cash flow. KNS! This time, Market down. Positive cash flow! Got Panadols! No scare!
3M's in investing across market cycles of 11 years since 1987 is ... Method, Mind and Money Management
STI didn't rebounded strongly from 2,5XX so no more strong support till 1,8XX. Can you survive the emotional pain to ride the fall to below 2,000 and beyond? More and more paper losses can tahan? Uncle8888 also tio circuit breaker liao. 27% of war chest has been deployed. See you at 2,3XX or below. Thinking of new game plan to deploy war chest to last till STI 8XX assuming Depression 2.0 is coming! Great pain ahead and how to survive when everyday so free to look at market and CANNOT roam across Singapore island with his unlimited monthly transport pass! Sibei sibei sianz! KNS! Convid-19! The only consolation is that being retired from full-time job as employee in 2016; Uncle8888 himself cannot be retrenched anymore; but thinking for his three children also cham! Sigh!
Round 11: ROC 36.7%, 1287 days, B $1.68 S $2.33 Round 10: ROC 8.5%, 236 days, B $2.52 S $2.75 Round 9: ROC 7.0%, 228 days, B $2.56 S $2.75 Round 8: ROC 20.8%, 65 days, B $2.41 S $2.93 Round 7: ROC 15.8%, 311 days, B $2.48 S $2.89 Round 6: ROC 10.2%, 8 days, B $2.39 S $2.65 Round 5: ROC 6.3%, 3 days, B $2.45 S $2.62 (Bought back higher) Round 4: ROC 5.9%, 15 days, B $2.26 S $2.41 Round 3: ROC 9.6%, 8 days, B $2.18 S $2.40 Round 2: ROC 7.0%, 8 days, B $2.18 S $2.35 (Bought back higher) Round 1: ROC 9.8%, 161 days, B $1.37 S $1.52
Stock futures traded higher on Monday night after Wall Street suffered massive losses earlier in the day amid concerns over the economic blow from the coronavirus outbreak.
Dow Jones Industrial Average futures rose by 229 points, or about 1.1%. S&P 500 and Nasdaq 100 futures were also higher. Dow futures briefly traded more than 200 points higher after President Donald Trump tweeted: “The United States will be powerfully supporting those industries, like Airlines and others, that are particularly affected by the Chinese Virus. We will be stronger than ever before!”
The Dow Jones Industrial Average and S&P 500 had their worst day since the “Black Monday” crash of 1987, falling 12.9% and 12%, respectively. It was also the Dow’s third-worst day ever. The Nasdaq Composite had its biggest one-day plunge ever, tumbling 12.3%.
The Cboe Volatility Index — Wall Street’s preferred fear gauge — posted its highest-ever close at 82.69. That tops the financial crisis’ peak of 80.74.
Wall Street’s drop came even after the Federal Reserve slashed interest rates to near-zero on Sunday and announced a $750 billion asset-purchasing program. It also came as the number of coronavirus cases jumped in the U.S.
At least 4,281 cases have been confirmed in the U.S. along with more than 70 deaths, according to data from Johns Hopkins University. President Donald Trump also said the crisis could stretch into August, adding the administration may look at locking down “certain areas.”
“Although the contemporary crisis is loaded with bad news, this has not been its primary problem. It’s the ‘unknown,’” said Jim Paulsen, chief investment strategist at The Leuthold Group, in a note. “Not even health experts understand what this is or where it is headed, and that is the worst possible outcome for investors.”
“Give me bad news any day over complete uncertainty,” he said.
The S&P 500 closed Monday at its lowest level since December 2018. The Dow ended the session at its levels not seen since early 2017.
“For now until there is improvement in the trend … it’s tough to consider being long and it’s right to be in Cash on the sidelines,” Mark Newton, managing member at Newton Advisors, said in a note to clients.
Round 23: B $18.78 (Buy back for Panadols) Round 22: B $18.98 (Buy back for Panadols) Round 21: ROC +20.4%, 449 days, B $16.01 S $19.38 Round 20: ROC +11.3%, 490 days, B $16.98 S $19.03 Round 19: ROC +178%, 4,385 days, B $7.53 S $21.04 Round 18: ROC +144.7%, 2,174 days, B $8.27 S $20.31 Round 17: ROC - 31.1%, 232 days, B $24.20 S $16.80 Round 16: ROC - 21.6%, 222 days, B $23.20 S $18.32 Round 15: ROC - 18.1%, 186 days, B $22.90 S $18.88 Round 14: ROC - 9.2%, 70 days, B $21.00 S $19.20 Round 13: ROC +9%, 65 days, B $20.50 S $22.50 Round 12: ROC +10.6%, 8 days, B $20.50 S $22.60
Will STI marching down to the next great support at 1,8XX? For first timers who have started investing after 2009; this Bear will teach you what is proper money and portfolio management of 3M's in long-term investing and short term trading.
In an emergency move Sunday, the Federal Reserve announced it is dropping its benchmark interest rate to zero and launching a new round of quantitative easing.
The QE program will entail $700 billion worth of asset purchases entailing Treasurys and mortgage-backed securities.
Markets responded negatively, with Dow futures pointing to a drop of 900 points when the market opens Monday morning.
The Federal Reserve, saying “the coronavirus outbreak has harmed communities and disrupted economic activity in many countries, including the United States,” cut interest rates to essentially zero on Sunday and launched a massive $700 billion quantitative easing program to shelter the economy from the effects of the virus.
The new fed funds rate, used as a benchmark both for short-term lending for financial institutions and as a peg to many consumer rates, will now be targeted at 0% to 0.25% down from a previous target range of 1% to 1.25%.
Facing highly disrupted financial markets, the Fed also slashed the rate of emergency lending at the discount window for banks by 125 basis points to 0.25%, and lengthened the term of loans to 90 days.
At a press conference Sunday evening following the decision, Powell said the Fed would be patient before lifting rates again.
“We will maintain the rate at this level until we’re confident that the economy has weathered recent events and is on track to achieve our maximum employment and price stability goals,” Powell said.
“That’s the test ... some things have to happen before we consider ... we’re going to be watching, and willing to be patient, certainly,” he added.
The quantitative easing will take the form of $500 billion of Treasurys and $200 billion of agency-backed mortgage securities. The Fed said the purchases will begin Monday with a $40 billion installment.
Cleveland Fed President Loretta Mester was the lone no vote, preferring to set rates at 0.5% to 0.75%, which would have represented a 50 basis point, of half percentage point, reduction.
The Fed added in its statement that it “is prepared to use its full range of tools to support the flow of credit to households and businesses and thereby promote its maximum employment and price stability goals.”
It appeared, though it was not entirely clear, that the meeting that took place will replace the regularly scheduled meeting of the Federal Open Market Committee.
The move follows several actions by the Fed over the past two weeks in which it enacted a 50 basis point emergency rate cut and expanded the overnight credit offering, or repo, for the financial system up to $1.5 trillion.
Read? Round 22 : Bought DBS @ $18.98 Shares buy back 13 Mar 20 : 2,800,000 (9.3% of total vol) from $18.88 to $19.99 12 Mar 20 : 1,300,000 (8.9% of total vol) from $20.11 to $20.54
11 Mar 20 : 1,500,000 (12.4% of total vol) from $21.01 to $21.45 10 Mar 20 : 2,200,000 (11.3% of total vol) from $20.53 to $21.70 9 Mar 20 :1,000,000 (5% of total vol) from $21.07 to $2.06 Dividend Yield Q 4 2019 : $0.33 XD on 7 Apr 20 Based on $20, 1.65% confirmed Assuming next few quarters; dividend drops to $0.25 from $0.33 Yield for 2020 is about 5.4%! A bitter or sweeten Panadols of 5.4% for 2020 or 5% for 2021 to 2022 Hmm ...
Hopefully; this round Uncle8888 gets his timing the market and time in the market right! Probably; this may be his last chance!
STI last Friday dropped to day low of 2,511 and is about the same level at 2,583 on Jan 2000 when he started seriously his long investing journey thinking he could create wealth from the stock market using long-term investing and short-term trading and later also did T+5 contra trading and got himself burnt by contra trading and chopped fingers on Nov 2008. 20 years liao!
1) Jan 2000 War Chest : 100% (Capital from saving) STI : 67% of STI Bull Peak @ 3,876 Stocks exposure : 0% 2) Mar 2020 War Chest : 127% (Capital plus retained investment gains) STI :68%of STI Bull Peak @ 3,876 Stocks exposure : 38%
SINGAPORE equities resumed trading on Friday afternoon, recovering some of the early-session losses after the global stock rout amid growing worries over the virus outbreak's economic fallout. Sentiment has improved slightly after the Bank of Japan rolled out an unscheduled 200 billion yen (S$2.67 billion) bond-buying plan along with a liquidity injection. The Straits Times Index (STI), which fell more than 6 per cent in the early minutes of Friday's session, was down 66.64 points or 2.5 per cent to 2,612.00 as at 1.04pm. The STI's 5 per cent drop at the commencement of Friday trading was its largest decline at the open since October 2008. Shortly after the afternoon session began, volume traded on the Singapore bourse clocked in at 1.38 billion securities with a total turnover of S$1.55 billion. Both volume and turnover have already exceeded their respective 2019 intraday averages. CW8888: Walau! ----------------------
Stock futures pointed to more pain ahead on Friday as they fell in overnight trading following major averages losing the most since the “Black Monday” market crash in 1987. As of 10:05 p.m. ET Thursday, futures on the Dow Jones Industrial Average fell 593 points, pointing to an implied opening drop of 705.62 points for the index on Friday. S&P 500 and Nasdaq-100 futures also pointed to another day of sharp losses for the indexes. The overnight action followed the official end of the record-long bull market run. The S&P 500 plummeted 9.5% in its worst day in more than three decades Thursday, joining the Dow in a bear market, or more than 20% from its recent peak. The Dow also suffered its worst point drop ever and the biggest percentage decline since 1987.
Highest profit gain at Round 19 @ 178% Round 20 and 21 due to trailing stops. Who said taking profit is never wrong? But, DBS shot up to $30 hor! We can't never time the market! So next best is to take Panadols as seasoned drug addict like Uncle8888 Round 22: B $18.98 (Buy back for Panadols) Read? DBS Read? DBS : Sold @ $19.38 (Re-presenting it in new format)
Round 21: ROC +20.4%, 449 days, B $16.01 S $19.38 Round 20: ROC +11.3%, 490 days, B $16.98 S $19.03 Round 19: ROC +178%, 4,385 days, B $7.53 S $21.04 Round 18: ROC +144.7%, 2,174 days, B $8.27 S $20.31 Round 17: ROC - 31.1%, 232 days, B $24.20 S $16.80 Round 16: ROC - 21.6%, 222 days, B $23.20 S $18.32 Round 15: ROC - 18.1%, 186 days, B $22.90 S $18.88 Round 14: ROC - 9.2%, 70 days, B $21.00 S $19.20 Round 13: ROC +9%, 65 days, B $20.50 S $22.50 Round 12: ROC +10.6%, 8 days, B $20.50 S $22.60
Read? STI Technically Into Bear Market Next support level at 2,5XX From Oct 2007 Peak to Mar 2009 Low is 515 days From recent peak at 3,407 to today is 45 days! More painful days ahead for long only retail investors; hopefully our Panadols can help to ease heartache and still sleep well!
CW8888 : Finally , Uncle DOW has joined the Small Brother STI in Bear Party! LOL!
The coronavirus-induced sell-off reached a new low on Wednesday as Wall Street grappled with the rapid spread of the virus as well as uncertainty around a fiscal response to curb slower economic growth resulting from the outbreak.
The Dow Jones Industrial Average tumbled 1,464.94 points, or 5.9%, to close at 23,553.22. The 30-stock average closed in a bear market, down more than 20% below the record close set only last month and putting to end an expansion that started in 2009 amid the financial crisis.
SINGAPORE: Singapore shares plunged to a near four-year low amid a major sell-off on Monday (Mar 9), mirroring the sea of red across Asian equity markets as investors rushed for the exits after a steep fall in oil prices and escalating concerns about the global spread of COVID-19.
Clocking losses for the third straight session, the benchmark Straits Times Index (STI) finished at 2,782.37 after diving 6.03 per cent or 178.61 points.
This is the STI’s lowest closing since June 2016 and its worst trading day since October 24, 2008, when it tumbled 8.3 per cent amid the global financial crisis.
Decliners trumped advancers 525 to 84 on Monday. All 30 of the STI’s constituents closed in the red.
“The market is in such a panic that investors are dumping everything. All they want now is cash,” said CMC Markets’ analyst Margaret Yang.
Monday’s market turmoil is fuelled by a free-fall in oil prices after Saudi Arabia, the world’s largest oil exporter, ended failed talks with Russia over supply cuts and announced massive discounts to its official selling prices, sparking fears of an all-out price war. CW8888: Every transaction there is buyer and seller and also many watching too!
Mr STI is two years late for this 10 anniversary Bear party!
Dow futures tumble more than 1,000 points as all-out oil price war adds to coronavirus stress; 10-year Treasury yield drops below 0.5% CW8888: May be smaller pain for SG banks for O&G exposure since it is old wound. No chance of recovery. Can write off more?
Last updated : 14 Sep 2019
I am 63 yrs old uncle living in HDB heartland who has achieved financial independence @ 56 and finally retired @ 60 from full-time job as employee on 1 Oct 2016.
Single household income since 1995 with three children.
Currently, two sons and one daughter are working.
I have been doing 20 years of long-term investing and short-term trading in Singapore stock market only since Jan 2000 so I am that so-called Panda or Koala in the investment world.
I am currently executing my Three Taps solution model to maintain sustainable retirement income for life till 2041 @ 85 yrs old.
Disclaimer: Stock trading involves significant risks. Create Wealth trader is not a licensed Investment Adviser and will not be responsible for any losses which you incurred. You are advised to always do your own homework before making any trading decision.