During afternoon's lunch with one ex-colleague; she asked when is Uncle8888 going into trading like many other retirees whom she knows. Actually; it is quite true that many retirees some time after their retirement may go into day trading as either part-time or pastime job to kill off bulk of their abundant time or to put it nicely to perfect their trading craft.
A few minutes encounter with an "unknown" face on something unrelated to investing matter. So it is quite unexpected. LOL! Someone : Uncle, can I ask you something? Uncle8888 : OK Someone : I don't understand your Less Analyzing. More Investing. Uncle8888 : Wah! To explain, we need one whole session on it. :-) Now; it is not the right time. Simply, it is .... blah blah! Someone : Now, can I still invest? Uncle8888 : You got see my STI chart? Someone : Uncle's chart very cheem! I don't get it! Uncle8888: You can go and schedule kopi session. Bring along pen and papers! Someone: Ya Kun? LOL! Less Analyzing. More Investing - CW8888 It is simple four words; but Uncle8888 didn't anyhow pluck it from the sky. To understand why he said it? It is after more than a decade in the stock market; then he said it A few pieces of paper may be not enough. LOL! It is about 3M's - Method. Mind and Money Management
With Uncle8888's eyes wide open with an unhurried mind; what he actually saw and got him thinking and thinking ... What is physically external to our body; we can do something preventive to at least slow down the weakness; but what is internal in our body; we can't really do much. Even with stronger financial resources; it doesn't really help. Our organ and tissues inside our body. Our our mind - Dementia!!! Scary thought!
Now, Uncle8888 is paying back this act of kindness by watching out to help especially when old folks seen lost at MRT transfer station.
True Story! This old man with a piece of SGH hospital bill seen lost at Bishan station and asking around how to get to SGH to see doctor so Uncle8888 told him how to get to Outram station via NE line and asked him to follow as Uncle8888 was transferring from NS to NE line to Hougang. But; along the way; this old man asked him for $2 to drink coffee. Immediately; Uncle8888's Red Flag raised - people who asked for direction will not ask for money. Right? Uncle8888 told him: I also No Money! :-(
THE median household income from work among resident employed households in Singapore rose to S$8,846 in 2016 from S$8,666 in 2015, up 2.6 per cent in real terms, Singapore's Department of Statistics (DOS) said on Thursday. This is a drop from the 4.9 per cent increase in real median household income from work in 2015, said DOS's latest paper, Key Household Income Trends, 2016. After factoring in household size, the median monthly household income from work per household member rose 3.8 per cent in real terms, lower than l2015's 5.4 per cent growth in real terms. While households experienced real growth in average household income from work per household member in 2016, the growth has slowed down across the board. In 2016, the top 10 per cent of households saw the slowest growth with a marginal 0.2 per cent real growth in average household income from work per household member, while it grew 7.2 per cent in 2015. The bottom 10 per cent of households saw a growth of 1.4 per cent in 2016, when the average household income from work per household member grew 10.7 per cent in real terms in 2015, attributable to the shrinking household size and thus fewer working persons per household, said DOS. The Gini coefficient, a measure of income inequality, fell to 0.458 in 2016 from 0.463 in 2015. After taking into account the redistributive effect of government transfers, the Gini coefficient fell to 0.402 in 2016 from 0.409 in 2015.
For yield investing; it is about our Entry Price! Blue chips can also be yield play for some retail. DBS has maintained $0.60 dividend for 2016 and that translated to 116% Return on initial investment cost just on total dividends received since 2003 and still counting! You may see the reason why Uncle8888 has strong view on market timing! Once we get it right we can relax for long long time! That is long term investing for cash flow.
Now, waiting for Sembcorp Ind FY 16 result and FY 16 H2 dividend
The message is MOST!!! Few employees can reach high level position in the corporate ladder that they will find it so purposeful and empowering not to retire as they feel that they are still contributing much; but most employees from the lower level won't feel the same. Why would they don't want to retire earlier when they have enough financial resources not to carry on. See who you ask! Higher level or lower level employees!
Recently, Uncle8888 has been reading through some blog posts convincingly and then towards the end section then he realized that the true message sent is Reading is not enough. You have to attend courses to actually learn the right process of investing. It is hard to be DIY retail investors hor! With such an ending; Uncle8888 has doubt on what he has read earlier. Real or not? Funny is when they were shouting the message last time: I can. You can! No more arh? You need mentors! *sigh*
It is quite common that Uncle8888 heard from retail investors when talking about investing .. "I invest in S-REITs for income!" Hmm .. Does it really matter the cash flow from our ASSETS is Black Cat or White Cat? As retiree, Uncle8888's cash flow come from dividends, interests, trading, and when necessary some SMALL asset draw-down from those interests generating assets to supplement any short fall in annual cash flow. Anyway; these interest generating assets don't produce higher return so any small draw-down to this asset base is not significant and it is not going to be alarming or damaging to the gross cash flow. In investing; it does matter when we are right we want to win bigger to over-ride and stay longer! This is long-term investing strategy! Patience and discipline with our eyes always watching the Ball!
Hmm .. Don't bother with two decimal places for XIRR. It is no different from the Price Tag on Good showing $X.99! Are Price Tag like $X.99 going to disappear when someone poking that 1 cts lesser is how much cheaper? Same. Same! Don't worry! Keep posting that two decimal point like price tag of $X.99. LOL!
Not when our housing loan is for our residential home till our grave! Because a dead body doesn't need to fund RA anymore! Many of us don't have to bother about CPF Accrued Interest as this is non-event!
Why there are still ACTIVE financial and investment bloggers? Where were those who have disappeared after GFC? Winners continue to talk loud! Losers shut up and stay away! That is why we only hear and read about successful investing. The Matrix of Savers and Investors
How many folks seriously know the difference? Voluntarily Or Incentives Same but different! The difference is clearly when it is shared on paper and pen with illustrations! Reading may be harder to visualize something that is decades away!
This young ex-colleague with small capital has taken the common investing advice to start investing early via STI ETF monthly DCA through our local bank Invest-Saver account. A few bloggers even suggested for those who have smaller capital they can start investing early through this way. He started on 23 Mar 2015 when the stock price STI ETF closed at $3.42. CW8888: Who says market timing is not important! You listen to whom?
This young investor has been happily doing this monthly DCA passive investing until he has met Uncle8888 for a few investing lessons and began to open his eyes and get his hand dirty doing his own mini version of STI stocks. Passive or active? There is No free lunch! Why do you want to pay for someone's lunch? Not one; it could be a dozen of lunches. Total expense ratio for this STI ETF fund is 0.42%! Finally; after close to two years of passive investing; he sold all his Nikko STI ETF stocks on 31 Jan 2017 and he will now fully focus on his own mini STI portfolio.
After many months has passed; finally;he has validated Uncle8888's investing lessons that he can make more managing the fund himself and decided to give Uncle8888 lunch treat. LOL!
So far if it not wrong; only two bloggers said loud and clear that NOT everybody need to become retail investors to beat inflation. Good savers who are risk averse and don't want to ride the emotion of losses or even paper losses can choose not to invest. Good savers can beat inflation by having more than enough assets for draw-down to last their lifetime. Read? He Has Retired At 58! His ex-boss told Uncle8888 that he doesn't invest in stock market anymore as he can't afford to lose anymore!
Two key question posed to Uncle8888 during by younger and older relatives during this CNY: (1) How to pass your time? (2) Is your retirement life sustainable over next few decades? Uncle8888 over the past one decade has been thinking about it. It is not just about reaching the edge of Financial Independence and declaring freedom. There is still some serious works to be completed to build sustainable retirement income for life model. It may not be wise to build this model based on too much leverage as leverage is always one double edge sword. As retiree depending on tight cash flow, he has to seriously weigh on cash-back model like S-REITs. No money back!
Ants have been busy preparing for the next Winter. They will know how much to gather to survive through the Winter and still have enough spare time after their hard work to dance in the Sun and Rain! The hindsight and foresight of tracking and measuring. It is all about relying on the PAST to live within our means in the PRESENT and forecasting and sustaining the FUTURE with high level of confidence. Ants have this reliable tool to forecast their FUTURE! The PAST, THE PRESENT and managing the FUTURE with caution!
The PAST, the PRESENT(Somehow; even NOT within Uncle8888's CONTROL; it still happen somewhat like those past years. How come?, and will the FUTURE may be some variations of the PAST.
I am 60+ yrs old uncle living in HDB heartland who has retired @ 60 on 30 Sep 2016.
I have been doing long-term investing and short-term trading in Singapore stock market only since Jan 2000 and now becoming full-time retail investor. So I am that Panda or Koala in the investment world; but I am still surviving well in the wild.
I have two sons and one daughter; two working adult children and the youngest son is currently in his 1st year SUTD.
I am currently executing my Three Taps solution model to maintain sustainable retirement income for life till 2038
Last updated: 16 Oct 2016
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