Straits times index historical tidbit

July 22, 2014 at 1:04 pm Leave a comment

According to Motley fool article, the Straits times index’s ” best day ever in those 22 years(1992-2014) happened on 8 February 1995 when it rose an astonishing 36.95% according to S&P Capital IQ. What about the worst day for the index? That’s 9 February 1995 when it collapsed by 28.14%. ”

It happens that such immense volatility happened in the month which saw Barings bank collapse due to a trader’s gambling gone awry. In the end, the year 1995 saw STI post a 2.7% loss. For long term investors, 9 February was certainly a day to buy stocks provided you have spare cash.
You won’t know when these type of events will occur, but be prepared psychologically and financially is worth it.

Entry filed under: Investing, Watch your step. Tags: .

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