Wow! STI corrected earlier than expected. I don't think I will made any transactions over the next few trading days so I will close the book for Jul 07. Fortunately, I have managed to sell all my SPC holding at a good profit. Never try to maximize profit, it is always prudent to take partial profits on the way up.
DOW drop again! This time by -226 or -1.62%. I don't think this is a bullish sign and also crude oil dropping. It is better to be safe than to be sorry. I am taking another 50% profit off the table for SPC since it has run up so much.
Made a contra loss on CPL due to insufficient fund to hold it. Bought back KEP on correction. Next week, Keppel is reporting its H1 result. Based on past experience, Keppel will likely to rally towards $14
Another woman colleague with two young kids resigned, probably due to works pressure, she has been working very late for quite sometime as the boss is very pushy. It is important for us to have plan in place to achieve financial independence so that we could get out of the rat race; and stop being push around by bosses threatening us with poor performance appraisal.
It is also very important to protect wealth when approaching financial independence in the event of severe market correction, hence it is prudent for me to review the allocation between fixed and variable wealth. I will raise the fixed wealth portion to above 50% by year end.
I am 60+ yrs old uncle living in HDB heartland who has retired @ 60 on 30 Sep 2016.
I have been doing long-term investing and short-term trading in Singapore stock market only since Jan 2000 and now becoming full-time retail investor. So I am that Panda or Koala in the investment world; but I am still surviving well in the wild.
I have two sons and one daughter; two working adult children and the youngest son is currently in his 1st year SUTD.
I am currently executing my Three Taps solution model to maintain sustainable retirement income for life till 2038
Last updated: 16 Oct 2016
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