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.

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Value Investing
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Technical Analysis and Charting
Stock Tips

Tuesday 25 August 2015

Dow Jones Industrial Average (^DJI) skidded 588.5 points, or 3.6%,

 YF News

Wall Street dropped on Monday in tumultuous action as traders raced into safe-haven assets amid mounting worries over instability in China and emerging markets.

The Dow Jones Industrial Average (^DJI) skidded 588.5 points, or 3.6%, to 15871.3, the S&P 500 (^GSPC) dropped 77.7 points, or 3.9%, to 1893.2, and the Nasdaq Composite (^IXIC) fell 179.8 points, or 3.8%, to 4526.3.

Trading was extremely volatile. The Dow plummeted 1089.4 points at the lows of the session. Meanwhile, the CBOE's VIX spiked 41.6%. The gauge was up an astounding 205.4% from the same day last week.
The S&P, Dow, and Nasdaq both tumbled into correction territory, having fallen 10% from a recent high. The latest round of selling stripped some $811.5 billion in market value from U.S. firms. 

4 Days of consecutive drops!


  1. US oil finishes below US$40 for first time since 2009
    Oil prices sank on Monday, with the US crude benchmark finishing below US$40 a barrel for the first time in six years on worries about China's weakening economy after an equities sell-off.

    POSTED: 25 Aug 2015 04:04


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