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!

Currently; it about 54% to destination!


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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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Thursday, 19 May 2022

Dow drops 1,100 points for its biggest decline since 2020 as the sell-off this year on Wall Street intensifies

 The Dow Jones Industrial Average posted its biggest loss since 2020 on Wednesday after another major retailer warned of rising cost pressures, confirming investors’ worst fears over rising inflation and rekindling the brutal 2022 sell-off.

The Dow shed 1,164.52 points, or 3.57%, to 31,490.07, the average’s biggest decline since June 2020. It was the lowest close for the Dow since March 2021.



2 comments:

  1. A small taste of bloodbath phase ;)

    Need a few more of such days ... some sentiment & technical indicators still haven't hit levels to buy big yet.

    But my naked put option is a couple of % points away from me having to take delivery of a hundred S&P500 etf shares lol. Don't mind to buy them if kena put by option expiry this Fri though.

    In the meantime, selling out of the money covered calls on some of my existing ETFs for tiny kopi money & fun-ness haha.

    ReplyDelete
  2. Those were the days, 1000pts drop means havoc for market.
    Now must be at least 2500 pts 😆 lol

    ReplyDelete

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