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

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



 
Posted by Createwealth8888 at 08:47
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5 comments:

  1. Createwealth88881 December 2014 at 08:57:00 GMT+8

    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. SMK1 December 2014 at 12:28:00 GMT+8

    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. B1 December 2014 at 12:36:00 GMT+8

    There goes our XIRR return for this year.

    See you 2015.

    ReplyDelete

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