Tuesday, April 13, 2010

STI Breaks 3000!

In less than a year, STI grew from a mere 1791.45 to over 3000 today. That's approximately a 67% increase! If you have entered the market last Apr throwing your money into the various reliable STI counters(eg Keppel, Sembcorp, OCBC, etc), you would probably have made at least 30% profit. Ok you can say that hindsight is always 20/20, but if you have at least stay invested during the tough times, putting money in bit by bit since Nov 2008 (like me), you would at least make enough profit to cover your losses during the meltdown (like me again, heh).

That said, some counters never see the light after the meltdown so invest with care!

Note: Numbers from Yahoo Finance

No comments: