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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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
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Thursday 12 March 2020

Dow drops 1,400 points and tumbles into a bear market, down 20% from last month’s record close


CW8888 : Finally , Uncle DOW has joined the Small Brother STI in Bear Party! LOL!


The coronavirus-induced sell-off reached a new low on Wednesday as Wall Street grappled with the rapid spread of the virus as well as uncertainty around a fiscal response to curb slower economic growth resulting from the outbreak.

The Dow Jones Industrial Average tumbled 1,464.94 points, or 5.9%, to close at 23,553.22. The 30-stock average closed in a bear market, down more than 20% below the record close set only last month and putting to end an expansion that started in 2009 amid the financial crisis.

20200311 the long bull run

1 comment:

  1. It's probably the top 3 fastest bear market in history. All time high on Feb 19. Bear market on Mar 11. Three weeks! LOL!!!

    Very good valuations ahead. But spread out your buys. No need to be greedy & think must get lowest price.

    1 method to exercise patience & discipline is to only see & analyse prices & stocks only on weekends & ignore the day-to-day moves.

    Execute based on the weekly analysis & signals. You may miss 5% or 10% but this is insignificant over 10-20 years. ;)

    ReplyDelete

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