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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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

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Monday 17 October 2011

Noble shuts London coal trading desk: sources

MADRID - Noble Group, one of the biggest physical coal traders, shut its London coal trading desk and will focus on growing its coal business out of Asia, sources close to the company said.

Several Noble physical and coal swaps traders have left the firm as a result.

'Noble is primarily an Asia-based business for coal so it makes sense to grow the business there, where all the future demand growth and a lot of new production is going to come from,' one former Noble trader said.

In May, Noble executive vice-president Neil Dhar forecast Chinese coal import demand will rise to 200 million tonnes by 2015.

Noble was one of the first traders to develop a sizeable Pacific region coal business alongside Glencore. -- REUTERS



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