My Journey to Financial Freedom and Success In Life

, I did not have the time to update promptly as I was busy with some personal matters.



Someone told me these in May:
a) Market is news driven
b) Market makers in Wall Street are moving money away to eg. big companies who have been there in the past and done that, where the profits really is etc.
c) Avoid stock which rely on US consumers spending as it is depleting fast

Any truth to these statements?

We are always second guessing..... what news next (+ve/-ve?)......., where are the money moving to eg. oil, commodity, forex etc etc......., Is Wall Street also affected by global spendings?.........

Sigh.

It has been a roller coaster ride since beginning of Jun. How much longer will this last? My guess is for a while longer.

But, really, I don't care anymore (there are no longer any fundamentals and increasingly technical analysis too).

So, I just have to learn how to pick up the profits and go. Who cares how the market is doing!! Selfish? Maybe?


- Dow Jones Industrial Average broke the 12,000 phychological barrier last week.
- Banks are potentially faced with more write off from the sub-prime crisis episode.
- Even giant like General Electric stock tanked.

Let me recap why I started this blog. To share with all my journey from how I started from scratch after leaving my full-time day job to create wealth thru multiple sources of income.

One quarter had passed since and how am I progressing? You decide as these are my achievements so far from 14 Mar 08 till today.



1) From my Equities Options Trading account, I withdrew US$5K in realised profits with another 45% profits being compounded into my existing portfolio
2) I am getting some advertisement income
3) I am about to complete my methodology and hope to sell it for $$$ and royalty fees

All these were my goals set when I attended the Wealth Academy programme earlier this year. Thanks to my group members and of course my gurus who one way or another motivated and spurred me on.

If you are new to my blog, please read my previous blog updates otherwise, this may not make sense.

Meanwhile, for those trading in the market, Trade Confidently and Wisely.