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

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

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Value Investing
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Saturday 23 October 2021

Will STI Bulls Break 3,407 set in May 2018???

DBS breaks 52WH @ $31.74 next week?













5 comments:

  1. CW,

    Well, it doesn't matter for Buy-and-Hold and/or Passive "investors" ;)

    Its not as if they will take any actions if STI break 3407...


    But for rounds 1, 2, 3 traders like you, well, it matters!

    Those who buy on breakouts may add more - hoping STI will hit 3600, and 3800 next!

    Those who sell on the rip will take profit and wait for the next dip... (Its a trade, not an investment!)


    For every buyer, there's a seller; and vice versa.

    Somebody wins; somebody loses.

    Brokers and SGX just collect toll for the win! (Eat grass if everyone just Buy-and-Hold)



    ReplyDelete
    Replies
    1. May be some kopi or CAI fan coming soon to take off the table. :-)

      Delete
  2. Uncle8888,

    Here's hoping STI will take out 3,400 soon, then 3,600 ... coz that will mean global economy booming LOL.

    The day STI crosses above 4,000 I'll uncork a Macallan 18 yr scotch that's been gathering dust in my storeroom. :P

    ReplyDelete
    Replies
    1. It will be big celebration for zombie investors in zombie SG market!

      Delete

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