Wow, this is going to be making history! Since the late 90s to now, we have finally break the 4000 price point. Question is will it continue to rally higher and break out of the channel?
With the 3 local banks taking a lion share of the index and they have been enjoying a superb rally more than 12-14 months , a pull back will be expected. The SG government is now putting more attention to this stock market and wanted to attract more foreign companies to list here.
So, on hindsight, even a boring market like STI could yield you close to 400% returns if you choose to stay invested in the market instead of going in and out. Timing the market, definitely not for those who has one too many things on hand, juggling career, family, kids, bills, never ending house chores and demands from society.
Leave that to the experts , you are definitely way better off and have a peace of mind. The challenge remains - why wait when I can become a millionaire over night or next year ?
With the 3 local banks taking a lion share of the index and they have been enjoying a superb rally more than 12-14 months , a pull back will be expected. The SG government is now putting more attention to this stock market and wanted to attract more foreign companies to list here.
So, on hindsight, even a boring market like STI could yield you close to 400% returns if you choose to stay invested in the market instead of going in and out. Timing the market, definitely not for those who has one too many things on hand, juggling career, family, kids, bills, never ending house chores and demands from society.
Leave that to the experts , you are definitely way better off and have a peace of mind. The challenge remains - why wait when I can become a millionaire over night or next year ?
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I wonder if the election will give a boost to the STI and rally higher than 4000. 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.