Tuesday, July 04, 2006

Global stockmarkets are now recovering

The global stockmarkets has been recovering during the past two weeks.

As an example, the Japanese market (as reflected by the Nikkei index) fell from a peak of 17,500 two months ago, to a low of 14,300 (about 18%) and has now recoverd to 15,700 (up 10% from its low).

The other stockmarkets displayed a similar pattern, but not to the same extent as reflected in Japan.

The Combined Growth Fund from NTUC Income reflect a smaller degree of fluctuation, as it is 30% invested in bonds. At the lowest point, the drop was 8%. It has since partially recovered.

For a long term investor, it is time to make an investment when the price is still low.
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2 comments:

Felix Ng said...
This comment has been removed by a blog administrator.
July 05, 2006 6:36 PM
Felix Ng said...

Today 05/07/2006, North Korea test-fired some missiles. True enough, the Japanese stock market reacted to the news. Nikkei 225 down by 0.73%.

North Korea also showed its missile technology not up to par. Guess they have to go back to their drawing board again.

Japan related funds are still a good bet. Nikkei 225 should not have any problem to revisit 17,000 by the end of 2006, if nothing serious happens from now to the end of the year.

Disclaimer: The above opinion is only solely for general reading. To invest any investment instrument, one should consult his/her financial advisor.

July 05, 2006 6:38 PM

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