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



Welcome to Ministry of Wealth!

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

It is here where I share with you how I did it! FREE Education in stock market wisdom.

Think Investing as Tug of War - Read more? Click and scroll down



Important Notice and Attention: If you are looking for such ideas; here is the wrong blog to visit.

Value Investing
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Technical Analysis and Charting
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Saturday 10 May 2014

Dow rises to record close





















NEW YORK: The Dow closed at a fresh record high as US stocks rallied on Friday, with investors shrugging off mixed earnings reports and uncertainty over the Russia-Ukraine crisis.

The Dow Jones Industrial Average advanced 32.37 points (0.20 per cent) to 16,583.34, 2.5 points above the previous high on April 30.

The broad-based S&P 500 added 2.85 points (0.15 per cent) at 1,878.48, while the tech-rich Nasdaq Composite Index outperformed, gaining 20.37 points (0.50 per cent) at 4,071.87.

Wall Street had some "pretty positive" economic data this week, said Art Hogan, chief market strategist at Wunderlich Securities
.
"There's less of a geopolitical flight-to-safety trade," he said.

Trading was quiet, analysts said, with the major indices spending a good part of the day in the red.
Apparel retailer Gap reported that April comparable sales jumped nine per cent from the year-ago level; shares jumped 3.3 per cent.

But Ralph Lauren fell 2.1 per cent after predicting profit margins in its next fiscal year will drop as it steps up investment in advertising and marketing.

Advertising giants Omnicom and Publicis called off a US$35 billion merger that would have fashioned the world's largest advertising house amid disagreements over integrating the companies and filling key executive positions.

Omnicom gained 2.2 per cent. Publicis shares fell 0.8 per cent in Paris.
Apple shares lost 0.4 per cent amid reports it is close to announcing a US$3.2 billion acquisition of Beats Electronics, which makes headphones and has a popular new music-streaming service.

Investment bank Goldman Sachs disclosed that regulators have questioned the company over its high-speed trading operations and its foreign-hiring practices. Shares dipped 0.1 per cent.
Bond prices fell. The yield on the 10-year US Treasury rose to 2.63 per cent from 2.61 per cent on Thursday, while the 30-year increased to 3.46 per cent from 3.43 per cent. Bond prices and yields move inversely.

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