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!

Click to email CW8888 or Email ID : jacobng1@gmail.com



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.

Think Investing as Tug of War - Read more? Click and scroll down



Important Notice and Attention: If you are looking for such ideas; here is the wrong blog to visit.

Value Investing
Dividend/Income Investing
Technical Analysis and Charting
Stock Tips

Thursday 5 June 2014

new S&P 500 record

NEW YORK: US stocks rose on Wednesday, pushing the S&P 500 to a record close, following mixed economic data a day ahead of the closely-watched meeting of the European Central Bank.

The broad-based S&P 500 rose 3.64 points (0.19 per cent) to 1,927.88, nearly three points above Monday's record close.

The Dow Jones Industrial Average rose 15.19 points (0.09 per cent) to 16,737.53, while the tech-rich Nasdaq Composite Index advanced 17.56 points (0.41 per cent) to 4,251.64, helped by a 1.1 percent gain in Apple, its biggest component.

Stocks treaded in negative territory after early US economic data showed a drop in private-sector job creation in May and a jump in the trade deficit in April to a two-year high.

But they turned higher after the Institute for Supply Management said services sector activity surged in May.

The US Federal Reserve's "Beige Book" report was generally positive, saying all 12 districts of the country saw increasing economic activity in recent weeks.

Investors were girding for the ECB to unveil major stimulus actions on Thursday. Analysts said there is a possibility the market will be disappointed if the measures are less aggressive than expected.
Posted by Createwealth8888 at 07:25
Labels:

1 comment:

  1. Createwealth88885 June 2014 at 08:33:00 GMT+8


    WWASHINGTON: The US economy is now growing all across the country, recovering at a "moderate" to "modest" pace after brutal winter weather, the Federal Reserve said in a report on Wednesday.

    "All twelve Federal Reserve Districts report that economic activity expanded," said the Fed's latest "Beige Book" report, based on a survey of economic conditions in recent weeks.

    That marked an improvement from the previous Beige Book, released on April 16, when two districts -- Cleveland and St. Louis -- reported a decline in economic activity as the economy was emerging from a first-quarter contraction of 1.0 percent.

    The May Beige Book said growth was described as "moderate" in seven Fed districts and "modest" in five. Activity in the area around Kansas City slowed slightly.

    "Overall, this report is consistent with our expectation of a pick-up in growth in the second quarter after a weather-related contraction in Q1," said Cooper Howes of Barclays in a research note.

    The May report, covering a survey period through May 23, will be used at a monetary policy meeting of the Federal Open Market Committee on June 17-18.

    The FOMC is expected to continue to pare another $10 billion from its asset-purchase program aimed at supporting growth, taking it to $35 billion a month.

    Consumer spending, the engine of two-thirds of US economic activity, grew at a "moderate" pace across almost all districts, the report said.

    ReplyDelete

Subscribe to: Post Comments (Atom)
Related Posts with Thumbnails