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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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

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Friday 25 February 2011

NOL rises after CEO orders more vessels

SINGAPORE - Shares of Singapore's container shipping firm Neptune Orient Lines (NOL), rose as much as 2.5 per cent on Friday after saying it plans to order more vessels, a local trader said.

At 0113 GMT, shares of NOL, the world's seventh largest container shipping firm, were traded at S$2.02 with 849,000 shares changing hands, while the broader Singapore market was up by only 0.3 per cent.

NOL said in an interview on Thursday it will order more vessels to address an expected shortage in the global freight market within a few years.

NOL, around two-third owned by Singapore state investor Temasek Holdings , also posted better-than-expected quarterly earnings last week.

It said it had a fourth quarter net profit of US$177 million compared to a loss of US$211 million a year ago. Its results beat the average analyst estimate of US$121.9 million according to Thomson Reuters. -- REUTERS

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