My Journey to Financial Freedom and Success In Life

Recession or No Recession?

You decide:
a) Dow Jones Industrial Index shed about 400 points within a few days, the lowest in 3 months


b) Crude Oil tops US$135 per barrel today

c) The minutes of the US Federal Reserve April 28-29 meeting signaled it was unlikely to cut interest rates again soon. You can get the full minutes from this website : http://money.cnn.com/2008/05/21/news/economy/minutes/index.htm?postversion=2008052114


d)US Federal Reserve cut its forecast for economic growth in 2008 and warned of higher inflation and unemployment on Wednesday

Bla Bla Bla .........

Sigh!!!!!!


How Did All These Affect My Progress??





ANALYSIS

Goal #1:
I am still trying to get use to blogging. Again, anyone who can suggest any topics/issues to include in my blog, appreciate your comments.


Goal #2:

How? Recession or not?





I am still cautious when doing my options trading in the US Equity market. As I am blogging now, Dow Jones Industrial Index just shed 227.49 points on Wednesday's trading. My strategy is to hold those long term leap options and look out for opportunity for short term momentum options. I bought both call and put options over the last few weeks and close it on the same day. Dare not hold overnight especially when market is driven by any stupid news. All those who are trading in US Equity market like me out there, MUST keep reviewing the news, trends, fundamental and technical anaylsis. Very important.


Goal #3:
I have finally completed my main content. Will reach the peak of my work soon. Then will sweat like mad.




How? Have you at least been motivated to create wealth in the way you have not thought possible in the past? Look at the prices of food items. For example, just last week, I bought a packet of fresh milk at S$2.75. Yesterday, the same packet cost me S$2.95. Everything is rising but pay remains unchange.

Let me reiterate, my belief ie "only you can help yourself".

Same humble words from me for those trading in the stock market, please trade WISELY and CONFIDENTLY. Don't forget to watch the market even more now.

Cheers.

Did you read this article ?



Unfortunately, there is no shortcut. which many people dream of. I can only say alot of hard work needed. What "Trading Tips"??? Face it, do your homework.

Also, the part where most of these people share with you how much money they make but not how and worst still, did not share how much they lose!!!

So, for those who are beginners, like me, be careful and selective of such programmes.

You can also visit my guru's website where he posted something on this @ http://www.conradalvinlim.com/

As promised, I am updating my progress again. 2 weeks flew past just like that. I cannot find an appropriate word to describe my last 2 weeks.


Anyway, happy labour day to all in Singapore. I know we are going thru some difficult time but we need to be optimistic. We can pull thru this just like in any previous situations. Come on, isn't this what we Singaporeans are good in?


Latest update:





ANALYSIS

Goal #1:
Give me time, I am getting a hang of blogging. I will try to update it more regularly. Hope to include some other topics too eg. outings, encounters etc. Want to make it more interesting. Anyone can suggest any topics/issues to include in my blog, appreciate your contributions.


Goal #2:
The Federal Open Market Committee decided today (30 Apr 08) to lower its target for the federal funds rate 25 basis points to 2 percent, its lowest level since late 2004.

8 out of 10 Americans interviewed said that US is already into some sort of recession.

Crude oil prices have doubled over the past year to nearly $120 a barrel, while average retail gasoline prices in US hit an all-time high of $3.60 per gallon this week. Average retail gasoline prices in Singapore hit an all-time high of about S$2.00 per litre a few days ago.

The prices of basic food items globally are also soaring: Figures from the Department of Agriculture show that the monthly grocery bill for the average American family is $70 higher today than one year ago.

What does all these mean? You make your own conclusion.

For me. I am abit cautious when trading in the US Equity market. I am expecting the unexpected. So you can guess I am trading cautiously and enter with minimum risk. This is taking alot of my time. I keep reviewing the news, trends, fundamental and technical anaylsis just in case.


Goal #3:
I have not progress much in this area. Will catch up these 2 weeks.


Have you been motivated so far to use your money to make money for you? What are you waiting for? Remember, my belief ie "only you can help yourself".

Meanwhile, for those trading in the stock market (I know I have many friends who are doing so and are reading my blog), please trade WISELY and CONFIDENTLY. Don't forget to do your homework first.

Adios for now.