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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Tuesday, 6 February 2018

Dow plunges 1,175 points in wild trading session, S&P 500 goes negative for 2018

The Dow also broke below 25,000 and dipped into correction territory.

 The S&P 500 closed down more than 7 percent from a record set last month.

 "This sell-off, in the bigger scheme of things, is not that big. But it is very important in psychological terms," says one strategist.
CW8888: Today will be interesting day for newbies!



Posted by Createwealth8888 at 08:10
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9 comments:

  1. Createwealth88886 February 2018 at 08:16:00 GMT+8

    Good time to know how much draw-down in your investment portfolio you can stomach without panic selling. Time to learn and re-learn about Mr. Market.

    ReplyDelete
  2. Unintelligent Nerd6 February 2018 at 09:20:00 GMT+8

    Uncle CW,

    Aiyo, I at work now leh. Don't make me so kan cheong to open my war chest. LOL

    ReplyDelete
  3. LC6 February 2018 at 09:43:00 GMT+8

    Open war chest or not???? Kan cheong liao.. All in red mann.

    ReplyDelete
  4. LC6 February 2018 at 09:48:00 GMT+8

    This comment has been removed by the author.

    ReplyDelete
  5. Siew Mun6 February 2018 at 10:14:00 GMT+8

    Sgx drops from 3600 to 3406 a drop of about 6%. Not meaningful to me yet.

    ReplyDelete
  6. Spur6 February 2018 at 12:40:00 GMT+8

    On medium term basis, still very normal. ;) Good to have a bit of volatility to shake out the extreme complacency!

    Just trade / invest according to your plan or system.

    At least some vindication (and celebration) for those whose hands have been cut & bloodied from shorting the SIMSCI since late 2017! Kekeke!!

    But then horr... sentiment now very pessimistic ... so shortists need to be careful...
    Best days in stock markets often occur close to worst days in stock markets! Hohoho!!

    ReplyDelete
    Replies
    1. Siew Mun6 February 2018 at 13:29:00 GMT+8

      Dow future is down about -550 at 1328 hrs. A rough ride tonight

      Delete
    2. Siew Mun6 February 2018 at 13:32:00 GMT+8

      Dow future is down about -550 at 1328 hrs. A rough ride tonight

      Delete
  7. Createwealth88886 February 2018 at 21:02:00 GMT+8

    $5K is median income in 2016

    ReplyDelete

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