As from April 2013 my Journey in Investing is to create Retirement Income for Life till 80 years old for two over market cycles of Bull and Bear.

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Welcome to Ministry of Wealth!

This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

It is here where I share with you how I did it! FREE Education in stock market wisdom.

Think Investing as Tug of War - Read more? Click and scroll down

Important Notice and Attention: If you are looking for such ideas; here is the wrong blog to visit.

Value Investing
Dividend/Income Investing
Technical Analysis and Charting
Stock Tips

Monday, 21 October 2019

Temasek makes S$4.1 billion bid to take control of Keppel Corp

Read? Temasek makes S$4.1 billion bid to take control of Keppel Corp

Read? Long Term Investing : The Past Is NOT Present. The Present is NOT the Future! That is WHY it is very tough to be BUY and HOLD!!!

The Motley Fool Singapore » Company Analysis » 

2 Reasons I Find It Difficult to Invest in Keppel Corporation Limited

Lawrence Nga | September 24, 2019


One month later ...

Temasek makes S$1.4B bid to take control of Keppel Corp!

Sunday, 20 October 2019

Four ways to optimize your CPF savings

Four ways???

Hmm ...

The 5th way is through successful long-term investing in CPFIS; but it is not easy to achieve by CPF members. Probably; that is the reason why we seldom come across articles or blog posts on CPFIS as one of the ways to optimize CPF.

Read? Optimize CPF

The Last Physical Look At Sentosa Merlion

Read? We can’t save the Sentosa Merlion, but can sure protect other aspects of Singapore’s heritage

Sentosa's Merlion first built in 1995

The Sentosa Merlion has long been an iconic tourist attraction since it was first presented in 1995. This was after the miniature version, standing at 8.6m tall, was unveiled at the Singapore River in 1972


Friday, 18 October 2019

Value Investing - It is about multi-baggers (Refresh)

Read? Value Investing - It is about multi-baggers

Read? Bragging rights: MIT

It is more than just been lucky!

Of course, luck must come first; but then you have to ....

Read? When a Giant Gain Causes Pain (4)

Value Set Meal

$4 curry set meal!

Got fried fish!

SGX - Round 3 Akan Datang???

Q1 result on 24 Oct 2019

Wednesday, 16 October 2019

Can Dividend Investing Support AVERAGE Retirees Over Decades Of Inflation In Their Retirement Lifetime? (2)

Read? Can Dividend Investing Support AVERAGE Retirees Over Decades Of Inflation In Their Retirement Lifetime?

For every $10K of annual household expenses; FIRE or retire will need to accumulate this level of capital to invest @ 5% yield and also re-invest the surplus balance of dividends @ 5%; and assuming 2.5% yearly inflation.

20 years - $274K

30 years - $301K

40 years - $320K

Monday, 14 October 2019

Can Dividend Investing Support AVERAGE Retirees Over Decades Of Inflation In Their Retirement Lifetime?

Uncle8888 has serious doubt as AVERAGE retiree; he can just depend on dividend investing to support his lifetime household expenses with yearly inflation.

Certainly; he needs more than just dividend investing strategy to be sustainable!

So you believe when you build an investment portfolio to generate the required dividend income to support your household expenses you can FIRE or retire?


In long-term investing, your account size really matters - CW8888

Saturday, 12 October 2019

Why most “pay to learn” trading courses out there are most likely sh*t

Read? Why most “pay to learn” trading courses out there are most likely sh*t


Uncle8888 can never forget his poke at late "Guru".

Read? Till His Death Still No Answer From Him???

Remember this Cold Hard Truth in the stock market.

When we are in the market; we are all direct competitors in the same Buy or Sell queue!

When someone who is shouting loud and clear to buy or to sell; he or she is already done and no longer competing in the same Buy or Sell queue as you!

No one is that stupid to let you compete with them in the same queue!

They are NOT stupid! Then who is?

What to eat at unknown place?

(1) Join the Queue or (2) look around and see who are eating shiok?

Ang mo took (2) and later walked back to the stall and pointed to Uncle8888 and ordered to try!

Eating what?


Friday, 11 October 2019

Fair And Square Sharing???

Did you see the fair and square sharing?


Thursday, 10 October 2019


Today XD

Dividend is 7.5 cts; but price dropped 15 cts that is twice the dividend!

Wednesday, 9 October 2019

How Do We Measure Our Own Success In Life?

Read? To succeed, what are you willing to sacrifice?

Becoming very rich?

Becoming big landlord?

Becoming business owner?

Climbing corporate ladder to our limit?

Becoming rich and famous?


Some interesting conversation with one ex-colleague in his early 40s who had an interview this morning for this year end promotion exercise.

How do we measure our own success in life?

He has rejected any promotion.

So what exactly is success?

Can success be knowing what is enough and maintaining status quo?

Be happy! Don't ask for more! Can?

BTW, he also NOT investing too!

He is frugal! 

His favorite and regular meals are economical rice and doesn't cost much to survive!

Sunday, 6 October 2019

Beating Year on Year Inflation - Earned Income or Investment Income???

Which one is easier?

Focus on your earned income or investment income?

Uncle8888's earned income after tax from 1985 to 2015.

His earned income has beaten the sea of inflation.

Counting The Opportunity Costs Of Not Staying Fully Invested In The Stock Market

What it will take for the War Chest to cover those missing (illusion) wealth in the stock market from 2010 to 2023?

Tap 3 : Yearly Return (War Chest Interests, Dividends and Divestment Gains/Losses) on Own Investing Capital (since inception on Jan 2000)

Plan and Goal is useless???

Grasshopper or Ants?

What it will take for the War Chest to cover those missing (illusion) wealth in the stock market from 2010 to 2023?

It is about 75% cash flow return on current level of War Chest over the next 4 years!

Hmm ... market crash over the next 2 to 3 years should help to narrow down this Gap!

Saturday, 5 October 2019

Surging Thai Baht Shatters Expat Dreams of Easy Retirement

Read? Surging Thai Baht Shatters Expat Dreams of Easy Retirement

FIRE or Retire in cheaper land can make our retirement plan easier and lighter?

The hard truth is retirement planning is really really tougher and harder than we thought!

It is about Numbers!

Thursday, 3 October 2019

How much you’ll need to retire?

Read? Time is your bff for retirement planning

How much you’ll need

A good rule of thumb is the replacement rate (or replacement ratio), which is calculated in this way:

Replacement rate = income after you retire / income before you retire

The recommended replacement rate varies from around 60 to 80%.

Hmm ....  

It looks like Uncle8888 has to deploy his war chest sooner to catch up with the recommended replacement rate towards the higher end. 

Wednesday, 2 October 2019

STI Major Point Since 1990

From 1987 to 2019; there are three STI low points happening in month of Oct i.e.

1) Oct 1990

2) Oct 2011

3) Oct 2018

No 4 in Oct 2019???

Sunday, 29 September 2019

Three Years After Retiring From Full Time Monthly Salary As Employee (2)

Read? Sequence Risk's Impact on Your Retirement Money

Read? Two Years After Retiring From Full Time Monthly Salary As Employee (2)

Read? How I likely to avoid sequence-of-returns risk from my investment portfolio

Three years have passed over without any sequence of return risks or asset draw-down after retirement from full-time job as employee in Sep 2016.

So far, there is no impact on net worth as cumulative cash in exceeds cumulative cash out.

CPF RA Growth Is Faster (Refresh)

Read? CPF RA Growth Is Faster

CPF RA Interest Growth Rate

1. First $30K @ 6% in your RA

2. and next $30K @ 5% in  RA

3. and the balance of RA @ 4%

Friday, 27 September 2019

Mind Your Market Timing and Market Cycles

Rising Bull market may give us an illusion of wealth in the stock market and made us feel richer.

Falling Bear market may make us feel uneasy or sick or even depression depending on the strength of our financial security during those time!

What is real and what is illusion?

Long Term Investing : The Past Is NOT Present. The Present is NOT the Future! That is WHY it is very tough to be BUY and HOLD!!!

Read? 2 Reasons I Find It Difficult to Invest in Keppel Corporation Limited

The Foolish bottom line

I think Keppel Corporation is still a worthwhile company to study further, mainly because of the diversity of its income sources. But personally, I find its declining financial performance and volatile dividend payout hard to stomach.

Lumpy dividends payout hard to stomach???

It is NOT until you have personally experienced and taken these Panadols into your stomach. How bad is the stomach upset???

How bad can it be?

The Past is NOT Present. The Present is NOT the Future.

Tough to be buy and hold for Panadols!

Thursday, 26 September 2019

You want to learn to invest like Warren Buffet???

Read? Here's why Warren Buffett's record $122 billion cash pile could be a worrying sign for stock markets

Berkshire's cash pile is worth nearly 60% of its $208 billion portfolio of public companies. In the past 32 years, the group held more cash as a percentage of its portfolio only in the years leading up to the financial crisis of 2008, according to Bloomberg.

Hmm ...

So you are also holding large war chest like Warren Buffet to be learning to invest like Warren Buffet?

Tuesday, 24 September 2019

Blue Chips Forever???

We don't live forever!

Why do we expect blue chips forever?

Businesses will one day also die! 

It is just for how long will it last!

Can Earth last forever?

Monday, 23 September 2019

SGX - Turning Bearish after hitting 52WH @ $8.61???

Read? SGX: Sold @ $8.52 Round 2

Bigger Businesses Have Better Capabilities To Strive For Survival

temperament 22 September 2019 at 19:54:00 GMT+8

Yes, which of the companies will survive?

Real solid businesses which people will need no matter what will happens with the economy or market?


Read? Fundamental Analysis : As Outsiders How Far Into The Future Can We Analyze Company Business?

Coming to two years soon!.

What he observed how bigger F&B businesses can have better resources or/and capability to strive for survival across cycle of boom and doom and tough F&B competition and changing consumer taste buds.

From 16 down to 12 and then slowly recovered at 1 outlet at a time to current 15 outlets.

1. Four outlets had closed shop and vacated.

2. Two outlets have re-branded themselves; but after a few months also closed shop and vacated.

3. One has re-branded and still surviving

4. Five new brand outlets started.

Hmm ... bigger is better?

Invest in small cap, mid cap or large cap or blue chips?

You decide!

Sunday, 22 September 2019

Years Of Rising Bull Market Will Make Us Looking Smart With Our Investment Portfolio And Mastery Of Investing Or Trading Skills

Rainbowcoin 21 September 2019 at 22:51:00 GMT+8

Hi Uncle8888

If you can relive the 07-08 period, what would you have done differently to prevent a plunge from 157% to 15%?

How did you derive the projected plunge value (41%)?

Seeking some enlightenments. :)

Uncle8888 started his journey in Jan 2000 at age 44 to pursue Financial Independence at Sep 2011 @ 55 years old through short-term trading and long-term investing. He then spent days and nights following news and forums. He read books on investing and trading books from NLB.

Read? Books from NLB

Who are we in the Market?

Young ones may want to check out their older relatives, colleagues, friends or whoever who are veterans in the market.

Uncle8888 with his hindsight wisdom and 20 years of data points will say it out : Mr Market will make us to think who we are in the Market and make us looking smart and act smart.

A multi-years of general rising Bull market will float many boats to multi-years high; and same as multi-years rising Bull sectors too.  Currently; in this low or near negative interest rate environment; Mr Market is making which sector as King?

A good place to witness such exhibiting behaviour of Mr Market making retails proud, smart and mastery is to go to investing (trading) forums.

Below STI chart 

Only look closely at Mr Market from 2003 to 2007

In 2007 Read? Chasing the last $100K (last mile) and may fall hard!

Mr Market from 2008 to 2011

Finally, he reached FI two years later in 2013 instead of 2011 as targeted. 

Who has helped him to reach FI in 2013? 

Mr Market!

Going down the Mountain is never same as climbing up Mountain so his bench-marking is different.

Going down Mountain, Uncle8888 is focusing on sustainable retirement income for life at net worth level i.e interests, dividends and divestment/draw-down of assets.

What is the Moral of the Story?

Saturday, 21 September 2019

How to know you have achieved Mastery?

Read? How to know you have achieved Mastery?

How do I know?

Uncle8888 has been tracking and measuring so he has 20 years worth of data points to review.

He also has his war chest deployment plan ready for the next bear market.

He then stress tested his investment portfolio for the next crisis!

Compare the last crisis actual with the stress test result for the next crisis and se what is difference?

Mastery is the difference!

Hee hee!

Friday, 20 September 2019

TEDxSingapore: The meaning of life

Read? TEDxSingapore: The meaning of life

Singaporeans in search for happiness beyond the material

Sep 20, 2019 5:50 AM


AT THE END of one group session, participants of the recent TEDxSingapore Salon event each wrote on a piece of paper what made them happy. These included things such as “Riding a bicycle”, “Hugging a dog/cat/any large enough pet”, “Going to Bhutan” and “Calling my Dad”. They were then asked to crush the paper into a ball and throw it in any direction in the room. Subsequently each of them had to pick up one of these balls, read what was written, and carry out the activity when they could. Melanie Yong took out her phone immediately and called her Dad. “I got an easy one,” she said with a grin.

Before the groups dispersed, they pondered the 10 large boards on which all of them had earlier scribbled the things that deeply mattered to them. These included ‘Unconditional Love’, ‘Compassion’, ‘Dreams’, ‘Travel’, ‘Comfort’, ‘Courage To Evolve’ and ‘Simplicity’. Perhaps naively, no one wrote ‘Money’ – even though this may be needed for ‘Travel’, ‘Comfort’ and ‘Dreams’.

But the thrust of the TEDxSingapore’s event, which marked its 10th anniversary this year, was to think of life beyond money and the material. As Dave Lim, founder of TEDxSingapore, put it: “Singapore needs to think about how we can fulfill the ‘happiness’ part of our pledge that goes: ‘So as to achieve happiness, prosperity and progress for our nation’. Many of us recited the pledge in school, but it’s become rote. We talk about ‘prosperity and progress’ all the time. But we don’t talk about what makes us happy. As a result, we commit all sorts of mistakes and misactions when we search for happiness and fulfilment.”

On the Marina One stage one Saturday afternoon, four expert speakers shared words of wisdom on how to lead a good, meaningful life. Angela Ng, a corporate consultant and “human experience designer”, explained: “There is no one form or standard of happiness. We define what happiness is to us, and what that looks like changes at different phases of our lives.” Founder of positive psychology firm Happiness Scientists, Yeo Sha-En, gave insights into the science of happiness. Psychiatrist Christopher Cheok examined addictions as “thieves of happiness”. HR expert Deborah Peterson explored how to make work work better for us. 

A common thread in their observations is that many Singaporeans can lead happy, meaningful lives if we can define what we really want, temper our expectations of what we can and cannot achieve, and accept the full range of experiences that life has to offer – including failure, loss, grief, disappointment and heartache. 

Happiness is not a one-size-fits-all descriptor. Meaning cannot be manufactured for you by someone else. Only you can determine what a good, meaningful life looks like for yourself.


Dr Cheok, president of Singapore Psychiatric Association, gave a grave assessment of Singaporeans’ love of the material: “Consumerism has crept into Singaporean lives, making us spend our money as we try to buy more and more. But these things don’t contribute to our well-being as much as we think they do. Society tells us that getting the 5 Cs (car, condominium, credit card, cash and club membership) would make us happy. But I think that is a myth... 

“While I’d be the first to say that it’s everyone’s responsibility to be economically stable... I think you don’t need (the 5 Cs) to make you happy. We all come from such diverse backgrounds and have such diverse personalities. And the things that can make us happy are just as diverse.”

Ms Ng, a longtime corporate consultant, has been using the design thinking approach to help people discover what gives them joy and fulfillment. Design thinking is a business methodology of observing and understanding the target user, conceptualising new products and services for the user, and then testing them to see if they have lasting appeal.

“But after studying it for 20 years, I realise the process can also be used for our lives,” she said. “We start by examining ourselves and developing insights into our personality. We then draw up the different options that we can pursue to improve our well-being. Subsequently we draw out a tentative life map. We experiment with different parts of it to see how well they work. We tweak some parts until we get the map right. And even years after that, we keep tweaking it because our personalities and needs will change.”

A happy and meaningful life doesn’t fall into your lap. It needs to be purposefully constructed and repeatedly challenged.

“But the difficulty of designing your happiness,” warned Ms Ng, “ is that we don’t always read our emotions accurately. We have blindspots that stop us from discovering greater meaning and satisfaction. For instance, we might fear doing certain things, even if that fear is just courage waiting to surface when we face up to it.”

How then to see past one’s blindspots? Does one need a therapist or counsellor? Ms Yeo said: “Not necessarily. You can turn to someone who knows you well, such as a friend or a family member, for their honest opinions. Alternatively there are psychological tests out there that you could do to find out your strengths and weaknesses.”

The experts agreed that everyone needs to find their own path towards hope, meaning and purpose. But the journey will likely be long and winding. 


On the topic of work, Ms Peterson drew chortles from the audience when she told them to just ignore their bosses when they’re being unreasonable. She said: “Don't give away your ability to be happy to somebody else, in the mistaken hope that he or she – such as your boss – can make you happy… If your boss tells you that you are responsible for his happiness, you should tell them that you were not born to make him happy.” 

Ms Peterson, who’s held senior HR positions in several companies such as Hilton Worldwide and the Carlson Rezidor Hotel Group (now rebranded as the Radisson Hotel Group), said many workers face mounting pressures at work such as increased workload, challenging targets, the lack of staff and the fear of being made redundant. As businesses go global, many executives straddle time-zones, making their work hours even longer.

Ms Peterson said the antidote to these challenges is learning to compartmentalise one’s life so that one task doesn’t bleed into another – for instance, having a strict practice of not checking email on Sundays or not picking up calls during a family meal. 

She also said it’s crucial to always question what value and meaning you’re bringing to your work – “there are too many executives who burn out trying to deliver goals which turn out to have very little value and meaning to the organisation…. So if you sense you’re burning out – as I once did – you have to have a conversation with your management about sustainability. You have to negotiate for a better work-life balance. You have to help the organisation remember that productivity has a framework.

“We spend a significant chunk of our lives at work, so why shouldn't we be invested in wanting that chunk to be happy and meaningful? Help the organisation help you make that a reality.”

She admitted, though, not everyone is lucky enough to find a profession or a workplace they enjoy. In the worst-case scenarios, she suggested seeking options that can make you “less unhappy”. She said: “Take a leaf from Meik Wiking, CEO of The Happiness Research Institute in Denmark, which is frequently named the world’s happiest country. When he was interviewed, he said: It’s probably more accurate and more helpful to think of Denmark as the least unhappy country... Now to me, that’s not semantics. One should explore the ways that can make one less unhappy – especially where work is concerned.”


In a 2017 feature published in National Geographic titled These Are The World’s Happiest Places, Singapore, Denmark and Costa Rica were singled out as three very happy countries. But each scored quite differently on the five categories of well-being polled by Gallup in 2015/2016. 

Costa Rica, for instance, scored low in the “financial” category, with a GDP per capita of US$11,895 (compared to Singapore’s US$65,627), and only 25 percent of its population consider themselves financially secure. However, it scored high in the other four categories, namely “social”, “community”, “purpose” and “physical”, with almost half of the population reportedly thriving in these categories. The poll suggests that many Costa Ricans have strong ties with family and friends, enjoy their work and hobbies, and are generally active and healthy – despite being less wealthy than Singaporeans and the Danes.

Singapore, on the other hand, had the opposite results. It did very well in the “financial” category with 56 percent of its population considering themselves financially secure. However, it scored low in all the other categories, namely “social” (24 percent), “community” (27 percent), “physical” (21 percent) and “purpose” (17 percent). The poll suggests that Singapore’s pursuit of wealth comes at some cost to other well-being factors – in particular “purpose”, where only 17 percent of Singaporeans think they have a clear purpose in life.

According to Gallup, people who score high in the “purpose” category “like what they do each day and are motivated to achieve their goals… whether they work for a company, are self-employed, care for family members, pursue education, work on a farm, or engage in charity work. They also tend to be highly engaged in their work, are emotionally invested in what they do and focus on creating value through their efforts.”   

According to Dr Cheok, many Singaporeans today pursue what society expects of them, from the right schools and the right jobs, to the latest fashion and food fads. “But if we don’t spend time examining ourselves to discover who we really are and what makes us tick, we might not feel a sense of well-being because what we’ve achieved is not in harmony with the person that we are. Happiness comes when what we’re doing is in sync with our intrinsic personality, we feel connected to the world around you, and we don’t feel false, forced or non-authentic.”

The clearly-defined path to success that all Singaporeans know like the back of their hands may not be right for everyone – but many walk on it anyway even if they don’t like it. This could explain why over 80 percent of Singaporeans don’t have a clear purpose in life. 

But if you fall into this majority, what can you do? Ms Yeo of Happiness Scientists said: “It’s not uncommon for people not to know their purpose. Some people are fortunate enough to be in touch with their emotions, needs and wants; others not so much… For the latter group, I suggest you take your first steps towards introspection. 

“You begin by asking yourself after each experience: ‘What did I get out of it? How do I feel about it? What strengths or weaknesses did the experience bring out in me?’ This will gradually help you understand yourself more intimately.

“Eventually, you will have a better sense of who you are and what you want. And the awareness of what you’re good or bad at takes you closer to what you want to pursue in life (because people tend to pursue activities they’re naturally good at). And when you can use that ability in service of something bigger than yourself, that’s when you find your purpose in life.”  

Towards the close of the TedxSingapore event, Mr Lim projected a word cloud created by the participants who listed all the things that bring meaning to their lives. The words appearing in the biggest fonts (suggesting these were most commonly cited by participants) were love’,  ‘family’, ‘people’ and ‘connecting’. Meanwhile ‘work’, ‘success’ and ‘achieving’ were featured in smaller fonts. At least for the participants of TedxSingapore, they knew what mattered most. 

Thursday, 19 September 2019

Walk and Walk (3)

Read? Walk and Walk (2)

Don't track. Don't measure. How do we know the real happening?

All these years; Uncle8888 has been thinking that fishing is a physically "lazy" activity. But; he was wrong for so many years! 

Every step walking to fishing rods and back will finally add up at the end of a fishing day!

This fishing trip from Sun to Wed steps count statistics taught him one important lesson.

To know the real happening; we have to track and measure.

What we think may not be the real data point!

Saturday, 14 September 2019

Unlocking SRS At 62 And Avoiding Being Taxed (3)

Read? Unlocking SRS At 62 And Avoiding Being Taxed (2)

Last Friday was Uncle8888's second year of unlocking cash flow from his SRS account.

Guessing only! May be this time was a repeated transaction and transfer of cash from SRS to saving account was fast! 

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