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"Should you be prepping your war chest now? Is Winter coming after the recent rally?"
By Creed's Cash Flow  •  March 8, 2016
No, I don't think so. At least, not yet. For beginners to finance and investment - a war chest is a sum of cash set aside for the specific purpose of taking advantage of opportunities. For example, buying stocks on the cheap when prices suddenly plunge. The STI has been on steroids during the last week - it shot back up to 2800+ amidst a slight rise in oil prices and a rally in the Wall Street markets. A month ago, the idea that the STI would hit 3000 any time soon was a pipe dream, but the STI has been smashing through resistances so quickly that it actually might come to pass. I don't think the rally is over just yet. I think it'll continue for a little longer at least. So far, all my stock picks are in the green, but I'll be watching the market as close ......
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By Creed's Cash Flow
First off - thank you very much for stopping by! I really appreciate it. I hope to see this little blog of mine grow. I started this blog in February 2016, and if I could inspire just one person to move towards financial independence, then it would all be worth it. I've wanted to start a finance/investment blog for years, but I just never got around to it. I finally decided to get off my ass and make one. A little background about me - I majored in Business Admin in university, along with a Minor in Finance. I joined the workforce when I was 24 (in 2015), and I was fortunate enough to get a full-time job in the banking industry (Forex, to be exact) after doing a couple of temp jobs around the island.
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