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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Thursday, 4 September 2008

STI today closed at 2,633. A new low

How low and how many days more to go before hitting bottom?

Let look at STI history

Asian Financial crisis: STI down from 2,504 to 800 (-68%) and lasted 941 days

Dot.com crisis: STI down from 2,582 to 1,197 (-54%) and lasted 680 days

Sub-prime crisis: STI down from 3,875 to today closing 2,633 (-32%) in 329 days

So we are only half-way through ... more pain to come.
Posted by Createwealth8888 at 17:34
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