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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Thursday 21 January 2021

Each of the S&P 500, Dow and Nasdaq ended the regular session at record closing highs

Overnight stateside, the Dow Jones Industrial Average rose 257.86 points to a new closing high of 31,188.38. The S&P 500 also gained 1.4% to a record close of 3,851.85. The Nasdaq Composite soared almost 2% to finish its trading day at 13,457.25, also touching a fresh record. The moves came as Biden was sworn in as the 46th president of the United States.

4 comments:

  1. CW,

    Feels a bit weird right?

    Doesn't feel like 2000...

    Or maybe its because our STI has not breached new highs?

    Only cryptos felt like its 2000 all over again to me ;)

    Nope. Wouldn't dare to short it!

    I better stick with what I know :)

    ReplyDelete
    Replies
    1. Like 2000? That year I just started and slowly going down. Lol! Not same for me.

      Delete
  2. Looking at the Nasdaq, it's similar to 2 previous times:

    1) 1991 -- it's a very small blip now, but tech stocks recovered +60% in a year from the 1990 recession.

    2) Early-1999.

    One has almost a decade left (and another +750% of gains) ... the other has only 12 months left.

    So which will it be? Flip a coin! Kekeke!!!

    Me? I think the coin will land on its edge ... will be somewhere between 1991 & 1999! 😛

    ReplyDelete
  3. Nasdaq sets fresh record close, S&P 500 and Dow retreat from recent highs

    ReplyDelete

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