As from April 2013 my Journey in Investing is to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

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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.

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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

Monday, 1 December 2014

Oil Prices Are Plunging. Here’s Who Wins and Who Loses.


Only when the tide goes out do you discover who's been swimming naked. Warren Buffett



 

5 comments:

  1. CW8888: History is most likely to repeat itself. Right?



    "Saudi Arabia, U.A.E. and Qatar can live with relatively lower oil prices for a while, but this isn't the case for Iran, Iraq, Nigeria, Venezuela, Algeria and Angola," said Marie-Claire Aoun, director of the energy center at the French Institute for International Relations in Paris. "Strong demographic pressure is feeding their energy and budgetary requirements. The price of crude is paramount for their economies because they have failed to diversify."

    Brent crude is poised for the biggest annual decline since 2008 after OPEC last week rejected calls for production cuts that would address a global glut.

    Like this year's decline, oil's crash in the 1980s was brought on by a Saudi-led decision to defend its market share, sending crude to about $12 a barrel.

    ReplyDelete
  2. Uncle, u started to swap out and into others already or not? Or do you plan to take panadols for a 2 to 3 years?

    ReplyDelete
  3. There goes our XIRR return for this year.

    See you 2015.

    ReplyDelete

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