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



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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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Value Investing
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Tuesday, 3 November 2020

STI 2,497.22+54.09 (+2.21%)

 

Why sudden surge of +2.2% in STI today? Last happening in June.

Trigger massive short coverings???



Posted by Createwealth8888 at 18:13
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7 comments:

  1. Spur3 November 2020 at 20:50:00 GMT+8

    Markets are pricing in Biden win, which will be less terok for Asian stocks.

    Maybe 30+% returns for STI next year! 🤣

    ReplyDelete
    Replies
    1. Createwealth88883 November 2020 at 20:57:00 GMT+8

      Still can buy. LOL!

      Delete
    2. Spur3 November 2020 at 21:05:00 GMT+8

      LOL! As of last night, I'm already 80% stocks & only 20% warchest left.

      If there is drawn-out contested election results, or if there is US Civil War v2.0, I'll up my stocks to 90%.

      Delete
    3. Createwealth88883 November 2020 at 21:09:00 GMT+8

      Wah! You drunk Red Bull! Strong and steady!

      Delete
    4. Createwealth88884 November 2020 at 07:26:00 GMT+8

      Hoseh liao!

      You win and huat tua tua! Congratulations on your courage to buy when Wall ST is bleeding. :-)

      Stock futures rose slightly on Tuesday night following a sharp rally during regular trading while investors awaited the result of the presidential election.

      Dow Jones Industrial Average traded 131 points higher, or 0.5%. S&P 500 futures gained 0.4% and Nasdaq 100 futures advanced 0.3%.

      Earlier in the day, the Dow popped more than 500 points, or 2.1%. The S&P 500 gained 1.8% and the Nasdaq Composite advanced 1.9%. Those gains added to Monday’s strong performance.

      Delete
    5. Spur4 November 2020 at 12:36:00 GMT+8

      TQ Uncle8888 :)

      But huat not that tua lah LOL. Coz not all high-flying tech or even better, Bitcoin 😂

      I've noted that longer term signals have been more & more positive over the last 6 months. In fact the US reached "overbought" on many metrics by Aug.

      Just slowly whack in 20% cash from Sep till early-Nov --- catching both short-term lows as well as highs LOL.

      Currently roughly 40% in US, 20% in China, 20% in India, 20% cash.

      Ehh, S'pore got lah ... maybe about 2% somewhere among the above aggaration numbers LOL.

      Delete
  2. Raj3 November 2020 at 23:12:00 GMT+8

    First entry into reits post Covid crash

    ReplyDelete

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