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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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

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Value Investing
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Friday, 22 May 2015

Under half an hour - Wipe out!!!























Mr. Market never give chance or early warning!

Do we still want to bet most of our net worth with Mr. Market when we retire?







 


Posted by Createwealth8888 at 08:02
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3 comments:

  1. Createwealth888822 May 2015 at 08:57:00 GMT+8

    In the history of sudden wealth loss, Li Hejun may have set a new record.

    Li, who was China's richest man until this week, saw his fortune drop by as much as $15 billion in a half-hour as the stock in his company, Hanergy Thin Film Power Group, fell by nearly half. Trading in the shares was halted Wednesday and Li didn't attend the company's annual meeting. ( Tweet This)

    While plenty of billionaires have seen their fortunes cut in half over time, few if any have seen $15 billion wiped out in a half-hour. Li's total fortune was around $30 billion before the stock plunged.

    Prior to the drop, the company's shares had risen by more than fivefold since September, baffling analysts.

    In a similar wealth decline, Hong Kong property and electronics magnate Pan Sutong has lost more than $11 billion this week as shares of two listed companies, Goldin Financial and Goldin Property, both closed down more than 40 percent.

    Pan owns around 65 percent of Goldin Property and more than 70 percent of Goldin Financial, according to filings. His fortune was listed at more than $28 billion, making him Hong Kong's second-richest man.

    That means that the two men have lost more in one day that the total net worth of Carl Icahn, Steve Ballmer or Michael Dell.

    ReplyDelete
  2. la papillion22 May 2015 at 13:44:00 GMT+8

    Live by the sword, die by the sword? hahaa

    ReplyDelete
  3. Createwealth888823 May 2015 at 10:57:00 GMT+8

    Can happen to us in our own way. Cannot trust Mr. Market too much for the value our net worth.

    ReplyDelete

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