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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Tuesday, 20 November 2018

FAANG bear market

Each of the five 'FAANG' stocks – Facebook, Amazon, Apple, Netflixand Google-parent Alphabet – slipped into a bear market during Monday trading. Wall Street defines a bear market as a fall of 20 percent or more from a stock's 52-week high.
Posted by Createwealth8888 at 07:52
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2 comments:

  1. Spur20 November 2018 at 11:29:00 GMT+8

    FAANGs kena fanged by bearbear LOL!!

    Hmmm although I'm no fan of individual coys, maybe should put them on my watchlist ;)

    Anyway got a relatively small position in QQQ already ... bought on 30 Oct US time (Halloween trade).
    Damn ... should have waited longer! LOL!!

    ReplyDelete
  2. Spur21 November 2018 at 14:41:00 GMT+8

    Hi Temperament,

    Interactive Brokers & Ameritrade. US got no CDP --- so if you use brokerage for active trades, then your securities are held thru the broker company. (What we Sinkies would call "nominee account")

    Reputable US brokers should be insured under SIPC for US$500K of securities per individual.

    The term "custodial account" has a different meaning in US brokerage --- something like joint account with minor or mental handicapped with power of attorney.

    ReplyDelete

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