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

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Wednesday, 8 May 2013

ST Index ended up 29.86 points, or 0.88 per cent, at 3,413.02, its highest finish since 4 January 2008



























SINGAPORE: Singapore's stocks closed higher on Wednesday, as Asian markets rose after Wall Street and European stocks reached new highs, and as China released better-than-expected trade data for April.

The ST Index ended up 29.86 points, or 0.88 per cent, at 3,413.02, its highest finish since 4 January 2008. The index climbed as high as 3,423.57 intraday.

Volume rose to 2.74 billion shares valued at S$1.93 billion from Tuesday's 2.44 billion shares valued at S$1.71 billion.

In New York on Tuesday, the blue-chip Dow Jones Industrial Average ended at a record high on renewed optimism about the US economy.

The Dow finished above 15,000 for the first time, jumping 0.58 percent, or  87.31 points, to 15,056.20. The S&P 500 rose 0.52 percent to 1,625.96 - its  fourth consecutive all-time closing high - while Nasdaq increased 0.11 percent.

In China, April imports increased 16.8 percent year-on-year to $168.9 billion while exports rose 14.7 percent to $187.1 billion.

The surplus came after China posted a rare deficit of $880 million in March and was above the median forecast of $15.6 billion in a poll of 12 economists by Dow Jones Newswires.

Wilmar tacked on 2.1 per cent to S$3.38 to become the best-performing STI component for the day
.
Among Wilmar's peers, Olam jumped 4.2 per cent to S$1.725 and Noble rose 2.2 per cent to S$1.165.

United Overseas Bank gained 1.25 percent to S$21.80 while Singapore Airlines was up 0.63 percent at S$11.25.

ST Engineering ended flat at S$4.37 after reporting first-quarter net profit was nearly flat on-year at S$134.0 million.

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