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

Saturday 1 November 2014

Oct Market Crash??? New History!!! Oct Record!!!
























NEW YORK: US equities powered to fresh records on Friday (Oct 31) after the Bank of Japan's (BoJ) surprise stimulus ignited a rally on global stock exchanges.

The Dow Jones Industrial Average leaped 195.10 points (1.13 per cent) to 17,390.52, surpassing the prior record by more than 100 points. The S&P 500 surged 23.40 (1.17 per cent) to 2,018.05, almost seven points above its prior peak, while the tech-rich Nasdaq Composite rose 64.60 (1.41 per cent) to 4,630.74, its highest close of the year.

The BoJ announced on Friday it would add up to 20 trillion yen (US$182 billion) to its current asset-buying scheme, bringing it to 80 trillion yen annually in an unexpected shift aimed at reviving growth just as the US Federal Reserve winds down its own stimulus spree.

Strong earnings from oil and technology companies, and Thursday's buoyant report on US economic growth added momentum to Friday's trade. But analysts said the BoJ move was the biggest factor.

"Obviously, the market is rallying on the back of enormous stimulus on the part of central bankers," said Alan Skrainka, chief investment officer at Cornerstone Wealth Management. "This latest move by Japan surpassed all expectations and risk assets are responding in a logical fashion."



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