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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Saturday, 21 March 2020

SGX : Gap Down On Monday. How bad???



Posted by Createwealth8888 at 08:23
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5 comments:

  1. Createwealth888821 March 2020 at 08:26:00 GMT+8

    Stocks attempted to rally on Friday, but failed, concluding one of the most volatile weeks on Wall Street ever as investors grapple with mounting fears over the coronavirus’ economic blow.

    The Dow Jones Industrial Average closed 913.21 points lower, or more than 4%, at 19,173.98 after rallying more than 400 points earlier in the day. The S&P 500 slid 4.3% to 2,304.92. The Nasdaq Composite closed 3.8% lower at 6,879.52 after jumping more than 2%.

    The Dow dropped more than 17% for the week, its biggest one-week fall since October 2008, when it slid 18.2%. The S&P 500 lost more than 13% week to date after dropping another 11.5% last week. The Nasdaq fell 12.6%. Both the S&P 500 and Nasdaq also had their worst weekly performances since the financial crisis in 2008. The 30-stock Dow is now 35.2% below its all-time high level from February, while the S&P 500 is 32.1% below its high.

    ReplyDelete
    Replies
    1. Singapore Man of Leisure21 March 2020 at 09:32:00 GMT+8

      CW,

      Friday morning our time S&P futures down -2% when STI opens.

      After Euope open and during our STI closing, S&P futures up 4%.

      S&P closes with -4% loss for the night.


      Good luck trying to buy-the-dip or sell-the-rip!

      Bulls and bears both lost money. Unless you are the nimblest and best of the best day trader ;)

      Delete
    2. Createwealth888821 March 2020 at 09:51:00 GMT+8

      Look like the real winners are the house

      Delete
  2. The Dreamzola Traveller21 March 2020 at 12:41:00 GMT+8

    First time in my life see such a roller coaster dive down the rail in the market within a short period.

    ReplyDelete
    Replies
    1. Createwealth888821 March 2020 at 12:45:00 GMT+8

      By seeing it on our own eyes; it may help to shape our money, risk and portfolio management and investing strategy for future market cycles

      Delete

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