SundayTimes, 31 Aug 22, Me and My Money
Trust in the power of compounding, don't try to time the market
Hmm .. another way of achieving this type of "growth" passively over our lifetime is ....
We can also trust in the power of topping up of dividends as Panda/Koala retail investors in Singapore or voluntary cash topping up as in 1M65!
Always goes up over our lifetime!
No more fear of Recession?
STI struggling because of fear of China bad loans by our bankers! DBS has more loan exposure to China!
Uncle8888 only has DBS and OCBC.
DBS : Likely to maintain quarterly dividend at $0.36 to suck Panadols liao!
OCBC : Expecting/hope for $0.25. OK OK! Hope is not a strategy!
SCI : Expecting/hope for $0.03 or more.
Now; Uncle8888 can understand why some younger folks also like dividend income investing strategy. It is comfortable to count or estimate how much "passive" income to receive in the year! Shiok!
Read? What Wrong With Yield Pig???
Are smarter Yield Pigs also market timers and time in the market for yield?
When yield are still looking good and no heart to sell even when the stock price hits a new ATH! Yield Pig right?
Kep Corp H1 2022 is $0.15 so total dividends collected as passive income in 2022 is $0.36. Look like lowest yield of 11.4% happened in 2002 (Sep 11 WTC) and 2020 (COVID-19) is likely to be over with Keppel Vision 2030 with $20B in assets monetization, Mgmt. plans to return $5B returned to shareholders through dividends, share buyback and debts paydown.
Read? My Thought On Leveraging To Power Up Trading Income From SGX
You made money in days i.e. T+3.
Uncle8888's friendly broker was so good to him and power up him with more with T+5, commission rate of 0.22%, Buy Limit @ $300K and Sell Limit @ $400K. Shiok man!
That was the fateful day when the call from his broker offering him the above; it was shiok for sometime transforming from itchy hand to greedy hand. Who doesn't want to become rich from stock market faster? Not enough capital? Never mind! Just power up on OPM! When the Greedy hand took over control of our rational mind in the market; we no longer be Fearful! So, it is a matter of time this Greedy hand will soon turn into Nervous hand! Mr Market will show us the types of hand in the market!
When the Nervous hand started shaking badly; we will soon develop nightmares and have sleepless night. Losses escalate and now we become Fearful and cut losses and The Greatest Relief Is I have Sold!!! (2)
No more escalation of losses! No more Nervous hand!
Painful lessons learnt in GFC 2008 and it really help to move forward with preferred hands in the market!
No more Greedy and Nervous hand across future market cycles!
It will be just Steady hand and Itchy hand! Lesson well learnt!
2022 H1 dividends harvesting begins next week starting with Kep Corp to lock in investment income for 2022.
SATS still jialiat with 2023 Q1 losses! No hope for recovery play in 2022 liao!
Braised duck kuey chap still at $4!
Those hawkers who absorb the inflationary costs at their own expenses are likely to be older folks as a form of giving back to society or customers and also act of charity! Earn Less camp!
Read? Most S'poreans want more than government’s relief package to fight inflation: YouGov
"Expectation for greater support is higher among Gen X respondents at 88 per cent than their younger counterparts. Gen Z and baby boomers are most likely to be satisfied with the level of aid, with one in six or 16 per cent, in each group saying support is sufficient."
Hmm .. most baby boomers are retirees!
Recent conversation with two other senior retirees
What we have learnt from past two years of COVID crisis without overseas travelling expenses and living expenses for retirees in HDB heartland are affordable even in current higher inflationary phase; and the ideas of limited annual leaves e.g. 14 to 28 days of leaves to Get Away, Relax or Re-charge is not applicable for retirees.
When we were working and have applied for longer annual leaves; and if we didn't go overseas to get away, relax or re-charge from works; we might feel that these annual leaves were not well spent.
How many of us also thinking like that? Longer annual leaves we must go overseas to spend them!
Read? SembCorp Industries (SCI): Bought @ $1.63 for Round 56
Closing today @ $3.05!
Walau!
Top performer @ 87% unrealized gains!
Luckily; itchy fingers bought back partially!
Investing and trading looked easier only on hindsight wisdom! Sigh! Sianz!
Read? SembCorp Industries (SCI): Bought @ $2.08 for Round 57
Just for fun!
How to have better CAGR to show off?
See the difference on the Maths of Return!
Read? The Best Defense Against Inflation As Investors Is Warren Buffet Rule
How I interpret Warren Buffet Rule?
Who are those retail investors who can possibly make Warren Rule come true!
Retirees who cash out their investment gains i.e. dividends and trading profits from the market for their spending; and never ever give back to Mr Market. Zero compounding strategy as retirees!
After X or XX years, this strategy will fulfill Warren Buffet Rule! LOL! I can. You can!
Rule No. 1: Never lose money. (Own hard earned saving as investing capital)
Rule No. 2: Never forget rule No. 1. (Don't reinvest your gains. LOL!)
One of his most famous sayings is "Rule No. 1: Never lose money. Rule No. 2: Never forget rule No. 1. LOL!
We often read from comments/advices in investment or trading forums that we can recover from losses if we are younger.
Don't worry! Keep trying. Keep investing or trading! You will recover your losses one day!
While we can recover from financial losses in the market by injecting new capital or switching horse and/or recycling capital to recover from past losses; but we can't never recover from those lost years from an ATH to next new ATH!
The LOST years!
Uncle8888 learnt this lesson!
He spent 10 out of 23 years (about 43%) in the market just to recover the fall from ATH in 2007 to the next new ATH in 2018.
Now; he often stares at his stress test of his portfolio and don't make that same mistake in 2007!
Read? Make hay while Sun shines and not pulling out winter weeds
No free lunch on hedging. Right?
More dividend income or less emotional rides?
Time in the market or timing the market?
Some time; more like yield pig sucking Panadols too!
LOL!
Uncle8888 hasn't renewed his passport so unlikely to travel soon and no JB too! LOL!
Unlikely we can avoid future high medical costs as we grew older and older!
We can don't travel; but we cannot don't fall sick or suffer long term illness!
Read? Leveraged Annuity Plan As Additional Source Of Mini/Nano Retirement Income??? (2)
Loan rate is rising so banks should be making more money. No?
Rising fast and soon it will overtake CPF OA 2.5% rate!
Voluntary top-ups of Special and Retirement Accounts also climbed to a new high of $4.8 billion last year, up from $3 billion in 2020, said the report.
The top-ups were made by 294,000 CPF members, with about half topping up for the first time.
Read? CPF members' balances, interest earned hit new high in 2021; amount withdrawn for housing rises
Read? S$3 billion in CPF top-ups made last year, 40% more than 2019
Hong Lim Park got a little crowded Saturday evening at the Return Our CPF (Central Provident Fund) protest , which was held to protest the increase in the CPF Minimum Sum. (CW8888, Proven so wrong! CPF please keep on increasing CPF Minimum sum. LOL! 1M65 loving it!)
According to organiser Han Hui Hui, approximately 6,000 Singaporeans attended the protest, which called for greater transparency in the CPF system, an increase in CPF returns, as well as greater flexibility with the CPF system.
Read? Blogger Roy Ngerng’s ‘Return Our CPF’ rally draws large crowds
SINGAPORE (EDGEPROP) - Rumours are that liquidators are trying to seize the assets of Singapore-based crypto hedge fund Three Arrows Capital (3AC), which became the latest victim of the crash in cryptocurrency. Two partners at advisory and consulting firm Teneo have been appointed to handle 3AC’s liquidation.
3AC was put under liquidation by a court in the British Virgin Islands on Monday, June 27, after 3AC failed to repay creditors. On June 30, the Monetary Authority of Singapore (MAS) reprimanded the firm for providing false information and for breaching fund management industry licensing rules.
The firm was co-founded by former Credit Suisse traders Su Zhu and Kyle Davies at the kitchen table of their apartment in 2012, according to a Bloomberg story last year. The two of them are only in their mid-30s.
Zhu is co-founder, director, CEO and CIO of 3AC, while Davies is co-founder and chairman of the firm. Their crypto assets had reportedly been worth several billion dollars at one point.
CW8888: One of our tasks as investors is to recognize or acknowledge this illusion of wealth in market during bullish market and has strategy in place to keep part of this illusion of wealth in the market really safe from the next market crisis.
So my sifu is right!
It is far better to regret not making more money than to feel sorry of losing your hard earned money.
My sifu started trading and investing at age of 18 following the foot-steps of his father into the stock market.
Choose Regret or Sorry?
It is in our own hands. It is our own making!
Uncle8888 learnt first hand through Crash got Sound when he was reaching 55!
Same same!
It happened to Uncle8888 when he was near 55! So what is stopping Mr Market from repeating History when you are reaching 65!
1M65 is real wealth in CPF; but 4M65 through investing in the market is an illusionary wealth depending on market timing; so we better be lucky to survive through market cycles to cash out and keep it safe or return 4M back to CPF for real 4M65 when we are nearer to 65!
Long, long ago, in his late 40s; his long time FA shared this CPF SA hack (or he was actually hacked); and of course he would believe in good story of maximizing his SA and RA 4% compound interests; and invested $100K from CPF SA in XXX Global Balanced Fund!
Global Balanced Fund should closely match 4% CPF SA risk free return. Right? Don't ever believe projected return!
Hmm .. Uncle8888 was once also into passive investing! LOL!
May be Uncle8888 is just unlucky as this XXX Global balanced fund happened to go through GFC; but when it started to recover he was nearer to 55 and decided it was time be realistic that it is NOT easy to beat 4% year on year compounded interests in CPF SA or CPF RA. He sold this fund and refund back to CPF SA.
Happy lor as there is net profit after GFC Big Bear ....
Read? Turning 55 Soon? Here's A CPF Special Account Hack You'd Want To Know!
Read? Timing Is Everything. No?
Really true even in investment training space. Timing is everything and when timing turned sour or bad then trouble begins!
Those days when Uncle8888 started serious attentions into into Market - Option trading for passive income was so hot! Big option trading booths especially Freely School Of Options Trading at investment seminars giving out door gifts at the main entrance. Shiok!
Read? Smart Money Grabbers over dummy investors (9) - Mai siao siao. Course conducted by Dr.
Read? MAS: Don't trade in binary options on unregulated platforms
Read? Smart Money Grabbers over dummy investors - III
Actually; Uncle8888 likes to attend these free previews if they provide free makan. Why not when he has plenty of free time and no additional transport cost to these venues as he is on monthly pass.
Read? No selling free investment webinar
Timing is everything even in investment training space.
Right timing to sell hot courses.
From option trading to value/growth investing, passive income/from S-REITs, not enough capital to build retirement income from S-REITs? Don't worry. Just leverage up!
Then S-Reits to Crypto and soon back to pivoting to growth investing?
Timing Is Everything. Yes or No?
The Dow Jones Industrial Average rallied more than 800 points on Friday, rebounding off the lows of the bear market last week and capping its first weekly advance since May.
The Dow rose 823.32 points, or 2.68%, to 31,500.68, with gains accelerating in the final hour of trading. The S&P 500 was 3.06% higher to 3,911.74. The Nasdaq Composite advanced 3.34% to 11,607.62.
The major averages wrapped up a big comeback week for stocks. The S&P 500 is up nearly 6.5% for the week, while the Nasdaq Composite gained 7.5%. The Dow is 5.4% higher.
Read? S- REITs As Retirement Income For Cash Tight Retirees???
Probably; Uncle8888 is the odd Panda/Koala retiree in Singapore who is dis-interested in accumulating S-REITs as retirement income and still able to survive from dividend income generated from his Panda/Koala portfolio across market cycles.
Read? CPF Special Account (SA) Shielding: How You Can Perform This
Uncle8888's ex colleague who turned 55 this year did CPF SA shielding with his FA; and after 55 he sold his CPF SA shielding fund and returned the money back to his CPF SA.
His immediate loss from this SA shielding is -2.7%.
Never mind! It just needed 2 years of additional 1.5% in CPF SA to recover this loss and; then from 57 yrs old onwards; every year gets additional $2K interests! Shiok!
Read? Help me! I am still losing money in my Investment Quadrant (5)
"We don't need to win back in the same manner that we have lost it " - Createwealth8888.
Hmm .. OK OK! Applicable only in ....
DIY individual stock pick and not in Fund/ETF/Unit Trusts!
Read? The Shoeshine Boy
Read? Smart Money Grabbers over dummy investors (9)
In 2005 to 2008; the shoeshine boys in the Gurus space was passive income through option trading?
In 2018 to 2021; high yield as passive income from crypto?
Another space to watch : When Gurus started one by one switching their secret sauce or magical formula to get rich in order not to lose out revenues from Bei Kambing or when your favourite bloggers also switch their long held strategies that made them money to latest FOMO. Double confirmation to get out!!! LOL!
E.g. From value investing to option trading, from S-REITSs to Crypto
It is time to cut down or get out???
Uncle8888 as veteran also behaves as Bei Kambing in HK Tech! FOMO! KNS! His face kena hit by shit!
Read? Lion HST vs CSOP HS Tech (3)
Last sold on 3 May 2004 and that was donkey years and never has chance to buy back lower! :-(
Round 9 : ROC +19.6%, 355 days, B $1.62 S $1.95
Read? Sell In May And Go Away!
Let see how June 2022 ends and looking forward to suck more Panadols in H1 2022 dividend season!
U.S. stock futures rose on Monday night after the S&P 500 dropped back into bear market territory ahead of the Federal Reserve’s two-day policy meeting this week.
Dow Jones Industrial Average futures rose by 67 points, or 0.2%. S&P 500 and Nasdaq 100 futures climbed 0.3% and about 0.5%, respectively.
Those moves came after intense selling of stocks during the regular session on Wall Street. The S&P 500 slumped 3.9% to its lowest level since March 2021, and falling more than 21% from its January record.
Meanwhile, the Dow tumbled more than 876 points, or 2.8%, which is roughly 17% off its record high. The Nasdaq Composite dropped nearly 4.7%, or more than 33% off its November record.
Investors are bracing themselves for the possibility of a larger-than-expected interest rate hike this week after CNBC’s Steve Liesman confirmed on Monday that the Federal Reserve will “likely” consider a 75-basis-point increase, which is greater than the 50-basis-point hike many traders had come to expect. The Wall Street Journal reported the story first.
Some investors are also expecting a more hawkish tone from the central bank after last week’s inflation reports showed prices running hotter-than-expected.
“I think they are going to do 75 basis points,” Ed Yardeni, president of Yardeni Research, said during CNBC’s “Closing Bell” on Monday.
“I think that Powell on Wednesday when he does his press conference will indicate that there’ll be another one coming at the July meeting and maybe another one at the September meeting. I think it’s time for him... to show that he really is concerned about inflation,” he continued.
Elsewhere, shares of Oracle jumped nearly 9% in extended trading after the software company reported an earnings beat boosted by a “major increase in demand” in its infrastructure cloud business.
Wall Street is also expecting the latest reading on the May producer price index on Tuesday before the bell at 8:30 a.m.
CW8888: Gap between DOW and STI is closing up to the next Bear?
mysecretinvestment11 June 2022 at 18:33:00 GMT+8
Nice one Spur!
"There is inflation in COEs, hawker centres and electricity bills
Deflation in stock markets
Confusion in investors"
What is a person to do?
Those who are working still can hope for salary adjustment but, but retirees?
Read? Inflation Rate At Kopitiam Is More Scary Than Headline Inflationary Rate
Hmm .. not all stalls at Kopitiam and Hawker centres raise their food price at the same inflation rate!
Uncle8888 as retiree with plenty spare time and on B.M.W monthly concessionary pass; he hunts around his area to check on food inflation rate and found out that inflation rate is not uniform across the board.
Mee siam : 1 bus stop West from his block and 7 mins walk from main street to less convenient? coffeshop. Price is $3.20 (Reduce inflation by $0.30)
Fish soup : 2 bus stops East from his block. Price is $5 (Reduce inflation by $1)
Read? Three Years After Retiring From Full Time Monthly Salary As Employee (2)
Let it flows! Let it flows! Let it flows!
Don't bother with compounding growth as retiree! Enough is enough! Sustainable retirement income to ease emotional rides in volatile market.
Unrealized P/L in the portfolio is not Real; but realized cash flowing into Cash Reservoir is Real and cover future household expenses!
Every single cent flows into the Cash Reservoir and Uncle8888 has discovered this simple and practical strategy worked during COVID-19 crisis as retiree and likely to also work in future market cycles to avoid negative sequence of return risk.
Why rushing out of market to take profits or cut losses to fight inflation?
Gurus always tell us to stay invested to fight inflation??? How come like that? Stay in cash to fight inflation???
Monday. STI crashes 2%?
OK. OK! How Scary Is Inflation???
Read? Personal Inflation Rate and Market Inflation Rate
6 years after retirement from an office job!
Personal inflationary impact on work-related expenses are zero so it is zero inflation rate. LOL!
1. Office wear : clothing and shoe
2. TGIF long lunches and office contributions, celebrations, get together etc
3. Two coffee breaks
From Investing cyberspace ...
命里無時，求之不來 ...$DBS(D05.SI)
床前明月光，疑是地上霜。
舉頭希望 37.00，低頭見 6.00
Uncle8888 never fail to smile whenever this Guru 低頭見 6.00 and recalled his ex-colleague's real wait for DBS $6 to happen in 2009. LOL!
Read? DBS : ONE STEP CLOSER TO SGD 6.00 (2)
1.5 to 2 times the force of GFC coming for DBS to go down to $6?
Read? The Secret Behind Buy And Hold And Then Laughing To The Bank Revealed! (2)
Buy back is not easy due to our last ACTION price anchoring bias! --> Read? On why sound investing principles will always work??? (2)
Gurus, Experts, FAs and those commercially compensated investment writers and products endorsement love to advocate bonds/equities XX%/XX% but NO cash! It is like saying Cash is really trash!!! No allocation!
Chun bo?
Cash is both Trash and King over market cycles! Really?
You decide to believe who say it?
Practical and realistic investment portfolio allocation over market cycles is Bonds or Bond-like (CPF for SG)/Equities/ Cash and CPFIS in XX% /XX% /XX% based on our own investment journey
Climbing Investing Mount Everest
1) Going up Mountain.
2) Near Mountain top and how about going down to Base Camp to stay safe before trying out Mountain top at the next season.
3) Going down Mountain to Base Camp to stay safe for a longer time before deciding whether it is worth to test the Mountain top one more time?
In Investing, your account size really matters - Createwealth8888
Uncle8888 will be shocked if the above is mentioned in any investing course preview seminar or talks!
Read? Investing Made Simple by Uncle8888 (17)
From Forum : " CPF OA Investment Account (that 35% ceiling sucks, only can buy every 11/12th of the month"
Uncle8888 smiled!
Monday, 29 March 2010
Read?? Resident wants ban on CPF cash for investments He was 59 yrs old in 2010 so he kena from GFC with 35% cap on CPFIS!
Read? Do You Know Any Mederka Generation Relatives Who Don't Talk About Market Any More???
Read? Save more than 60%. No need to invest??? (5)
Read? Who Are CPF Members Who Lost Their Money???
Read? Luckily, Me in Merdeka Generation Didn't Start Younger To Invest/Speculate in My 30s During 1990s
Factually; CPF OA 65% at 2.5 % CAGR nd 35% CPFIS is already a good bond-like/stocks allocation liao!
If we are good at investing; 35% CPFIS can do wonder!
Read? Time in the Market > Timing the Market???
Why we always hear this from Gurus, Experts and Financial writers and advisers?
Timing the market doesn't mean lump sum investing through timing the market!
In practice; Uncle8888 actually does timing the market by buying slowly with position sizing and also diversify across sectors; and then sell slowly according to Sardines or Touchstones status.
Sardines are sold!
Salted fishes then sucked fingers, write off and then takes a hit on his investment portfolio CAGR!
Timing the market and then Time in the Market matters by holding on to Touchstones and Multibaggers; you can get fabulous investment outcome after 10, 20 or 30 yrs i.e. freehold investment income for life! But, do we have such patience? LOL!
This is how Uncle8888 as retiree has reduced from Triple Whammy in the last GFC Bear in 2008/2009 to Double Whammy in the next Bear market!
Triple Whammy: Realized losses, Unrealized losses and Paper profits disappeared fast!
Double Whammy : Just Unrealized losses and Paper profits disappeared fast as 100% of realized profits and dividends will be cashed out to Cash Reservoir to support future household expenses.
Using only invested capital recycling strategy in the investment portfolio to generate retirement income for life!
Read? Of Course We Are Not Afraid Of Losses Due To Our Position Sizing BUT ...
Any Unrealized Profits or Losses will always affect our investment performance at ATH to next CRASH; and then how many years it will take for us to recover that CRASH from ATH to the next new ATH?
So is any unrealized profits or losses REAL or not?
It took 8 years to reach new ATH in 2007 from 2000 and just one year to drop -53% from an ATH; and then it took another 9 years to hit the next new ATH in 2018!
9 Lost years!
How many lost years can we afford in the market?
So is any unrealized profits or losses REAL or not?
Don't ask retirees as realized profits always are their retirement income for spending!
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.
What is Lehman minibonds?
Minibond is a brand name for a series of structured financial notes issued in Hong Kong and Singapore under the control of Lehman Brothers.
Read? STICK TO BASICS OF INVESTING TO RIDE OUT THIS PERIOD
MINIbond will make it sounds safer and suitable for those looking for yield!
How about Stablecoins?
TerraUSD and luna are known in crypto circles as stablecoins, which means their value is tied to a commodity or a currency. Stable sounds quite safe and less volatile? 19% yield p.a. Just need five years to reach Freehold investment income for life!
This time is different from Lehman Brothers saga!
Older folks are more likely to stay away from Crypto! Right?
Uncle8888 has truly learnt this Lesson in GFC 2008. Of course; he was not afraid of unrealized losses due to strict position sizing of NOT more than 10% of his total capital in any one counter. He knew he would not be wiped out due to losses in any counter. BUT; when unrealized losses in his portfolio started to escalate and escalate faster in mid 2008. His ball dropped and nightmares began when he realized the next few years of higher expenses for his two children university education! Lost his job! Money how?
Read? Soon ... The Greatest Relief Is I have Sold!!! (2) --> Uncle8888 has learned this painful lessons in 2008 GFC for his two children university fund where he was forced to cut his losses in Nov 2008 due to fear of Depression 2.0 to raise $80K in cash to ready this uni fund for his children starting their first semester in Jul 2009.
Read? More money probably won't make us significantly happier???
Read? Turnaround from your chart 2008-2012?
Read? Where does the money come from??? (3)
Read? Investing Made Simple by Uncle8888 (6) - About time to refresh it!
Read? More on Retained Earnings
Read? What Wrong With Yield Pig???
Luna 20% Yield? Shiok!
Seriously, we have to ask and think deeper where does the money come from?
1. At mahjong table
2. At casino
3. At ToTo
4. At stock market
Answer for 1 to 3 is pretty obvious; but 4 may be tricky for confused retail traders or investors.
Seriously, we must know where does the money come from before putting our hard earned savings in the market.
"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
Read? The Great Difference Between Retail Traders And Retail Investors???
Read? 100X versus 99%
Short or Long ONLY!
What the difference beside 100X versus 99%?
Long ONLY, we can hold forever and receive dividend income for life; but Short for forever will mean you are paying interests on Short and money out of your pocket for life!
So the difference is Forever! LOL!
U.S. stocks dropped sharply Wednesday afternoon as investors digested a key report on the state of inflation in the U.S., which came in hotter-than-expected across most major metrics.
The S&P 500 fell by more than 1.5%, erasing earlier gains of as much as 1.2%. The index settled at 3,935.18, or its lowest level since March 2021. The Nasdaq dropped more than 3%, to end at 11,364.24, while the Dow declined by just over 1% to close at 31,834.11. Treasury yields gave back earlier gains, and the benchmark 10-year yield fell back below 3%.
The moves came in the wake of the Labor Department's April Consumer Price Index (CPI), which offered an update on price increases across the U.S. economy. While the report showed some deceleration in inflation compared to March, the rate of price increases came in well above many economists' estimates.
CW8888: Gap between DOW and STI are narrowing!
Uncle8888 still can remember donkey years ago in late Investing Trainer-Guru's forum the great debate between this Guru and one veteran retail trader on the great difference between investing and trading and why he discouraged trading!
Most successful and confident retail investors like Guru himself dare to expose 50% or more of their net worth into stock market to build investment portfolio; and Guru asked the veteran retail trader if he knew any retail traders putting 50% or more of their net worth into their trading account? No? That is the great difference! LOL!
Read? All Time Highs; All Time Lows
For retirees like Uncle8888; this one really matters and other matters like Investing Is A Tale Or Story Of Hindsight Wisdom, Regret And Sorry??? (2)
Dividend income for H1 2022 and looking forward to Aug/Sep/Oct to complete retirement income for 2022 to top up Cash Reservoir!
Read? Real Life Lessons Learnt During Market And Economics Crisis
The volatility in DOW hasn't infect STI yet!
STI got vaccine to protect?
Stock futures were little changed in overnight trading Thursday after the Dow Jones Industrial Average posted its worst day since 2020.
Futures on the Dow Jones Industrial Average were near flat. S&P 500 futures traded near the flatline and Nasdaq 100 futures ticked up less than 0.1%.
The moves came after stocks sold off sharply in Thursday’s regular session. The Dow lost more than 1,000 points and the tech-heavy Nasdaq Composite fell nearly 5%. Both indexes notched their worst single-day drops since 2020. The S&P 500 fell 3.56%, its second-worst day of the year.
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