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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"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 7 August 2013

Noble's profit drops 68%


COMMODITY trading firms continued on their weak showing this quarter with Noble Group's earnings falling 68 per cent.

The largest commodity trader by revenue made net profit of US$62.8 million, down from US$194.8 million a year ago.

Revenue rose by 5 per cent from last year to US$25.3 billion.

But a larger increase in cost of sales and services, losses on supply chain assets and losses from associates eroded the bottomline.

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