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.

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

Saturday, 25 March 2017

Why I Don't Lend My Money Via P2P???


Read? How to become rich in stocks??? (29)

Peter Lynch:

You don't need a lot in your lifetime. You only need a few good stocks in your lifetime. I mean how many times do you need a stock to go up ten-fold to make a lot of money? Not a lot.


I think the secret is if you have a lot of stocks, 

some will do mediocre, 
some will do okay, and 
if one of two of 'em go up big time, 

you produce a fabulous result.  


CW8888:

In lending money via P2P to earn XX% interests and feeling shiok is like making the Inverse of Wise Words from Peter Lynch becoming true!


Most of time; you earn fabulous interests; but if a few of them go default; you may return most of your fabulous interests in your lifetime of lending.

Wu Hua Bo, Bro?






Friday, 24 March 2017

Taking HDB Housing Loan : Wipe Out CPF OA Or Max CPF OA to SA???

Here is the Maths!

Know the difference

Choose what is right for you as couple. 

Start talking. LOL!

Trust but verify - SMOL


Source --> Enquiry on Monthly Installment








Thursday, 23 March 2017

Roaming The Streets Of Singapore With BMW (Bus, MRT, and Walk) - 2


Read? Roaming The Streets Of Singapore With BMW (Bus, MRT, and Walk)


Read? Financial Independence : Withdrawal??? Passive Income > Living Expenses??? (2)

With this surgical operation to fix the Hernia; Uncle8888 confirmed this thinking as below:

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 mind - Dementia!!!

Scary thought!


Doctor told him that it is hard to pin-point the root cause of his Hernia. It could be due to his earlier than expected aging of tissues; his daily pull-up; sit-up; leg-up exercise; carrying of heavier weight or due to the two weeks of chronic cough before he began to notice something was not right. The difficulty of detection of abnormality when there is no pain present to sound an alarm.



Singapore's wealth per adult rises 1.4% in 2016, continuing trend of slower growth rates: Credit Suisse report

Read? Singapore's wealth per adult rises 1.4% in 2016, continuing trend of slower growth rates

SINGAPORE - Singapore is now tenth in the world in terms of household wealth per adult, down from eighth last year, but still top in Asia, says a report released on Tuesday (Nov 22) by the Credit Suisse Research Institute.

Wealth per adult rose 1.4 per cent to US$277,000 (S$394,000) in 2016. This compares to the annual growth rate of 6 per cent from 2000 to 2016 caused by high savings, asset price increases and the rising Singapore dollar from 2005 to 2012.

Note that "wealth" in this study includes the price or value of one's home. It also includes the value of financial assets like bank savings, shares and bonds.

Wealth per adult here is forecast to rise 2.2 per cent a year to US$309,000 in 2021, said Credit Suisse in its seventh annual Global Wealth Report.

Singapore's total household wealth grew 2.9 per cent in 2016 to reach US$1.1 trillion, reversing a 5.8 per cent drop to US$1 trillion last year.

But household wealth here will accelerate at a rate of 3.5 per year in the next five years to reach US$1.4 trillion in 2021, Credit Suisse projected.

The report found wealth distribution in Singapore "moderately unequal", with 18 per cent of adults having wealth below US$10,000, compared with 73 per cent globally.

Singaporeans have also progressed rapidly up the wealth pyramid, with now 50 per cent of adults having a net worth above US$100,000, compared to 21 per cent in 2000, while those with wealth below US$100,000 have declined from 79 per cent to 50 per cent of adult population.

The number of millionaires grew 2 per cent to 150,000 in 2016, who together have US$541 billion in wealth.

The super-rich, or ultra-high-net-worth individuals with more than US$50 million each, grew even faster at 14.2 per cent to 885.

The number of millionaires is forecast to grow 4.2 per cent per annum to 185,000 in 2021.

Financial assets make up 54 per cent of gross household wealth in Singapore, a ratio similar to that of Switzerland and the United Kingdom.

The average debt of US$54,800 per adult here is moderate for a high-wealth country, representing 17 per cent of total assets, said Credit Suisse.

Planning, Goals, And After Life???


In life; it is better not be Iron Teeth!

Do you believe there is After Life, Karma, etc?

It is better not to be Iron Teeth. Believe there is After Life. Believe there is Karma, etc.

If turns out actually there is no such thing. We; those NOT Iron Teeth have really nothing to lose. 

Don't have. Don't have lor!

Same as Planning and Goals.

Planning fail!

Goals not achieved!

So what actually will happen?

You got plenty to lose meh?



The Evolution Of The Four Pillars For Retirement Income Portfolios


Read? The Evolution Of The Four Pillars For Retirement Income Portfolios




Since Uncle8888 as retail investor is a failed trader; he has learnt something from the above diagram and from SMOL. He has amended his diagram according.

Changing from Trading P/L to Capital Gains from the Bull i.e. no capital gain; it is NO SELLING to reflect exactly the state of mind of a failed trader!








Financial Independence : Withdrawal??? Passive Income > Living Expenses??? (2)


First Time Hospitalized ---> FLU With High Fever : The Hidden Fatal Risk For Senior Citizens


Read? Financial Independence : Withdrawal??? Passive Income > Living Expenses???


First Time Surgical Operation  

Uncle8888 has day surgery at TTS to fix up his Hernia problem and the deposit for surgical operation has to be paid via

(1) Medisave
(2) Cash 
(3) Personal Cheque
(4) Credit Card
(5) Approved Medi-Shield linked Plan

Private medical plan?

You go and settle on your own hor!

As interest-wise; he paid via Credit Card!























It will be months of light duties without strenuous physical activities on stomach muscles; but no restriction on talking more!



Wednesday, 22 March 2017

You All Investment Bloggers Like to Make Investing Look So Easy (2)


Read? You All Investment Bloggers Like to Make Investing Look So Easy


Avoiding those large losses that deplete our investing capital till recovery looks almost impossible is the key to the final outcome of long investing journey and strictly comply to this principle.


3 Ms - Method, Mind and Money Management!

What did you actually see? 

What is that key to avoid portfolio destruction till no chance of recovery?





Read? 
持有蟹货切忌沟淡


宝龙(1238)于2009年上市,上市后多年潜水,好不容易才于3月9日浮上水面,突破当年上市价2.75元,由潜水到浮上水面也等于是清除了所有的蟹货,有助股价再往上升,因此,3月9日之后,股价走势也相当不错,再往上升11%。

股票投资与赌博的差别

过去,我就是宝龙蟹货的长期持有者之一,股票投资与到赌场赌钱最大的不同点就是买了股票后,股价下跌成为蟹货仍然可以死守苦等,期间有股息收,足以自我安慰,只要不是倒楣地买中老千股,迟早是会回本的。

到赌场赌钱就不一样,买大开小,钱就失去了,永远失去了,想翻本就要加注,加注的结果往往是欠下一身债,这也是为什么我经常劝股民在买了股票之后,股价下跌时不要沟淡,沟淡有如在赌场输了加注一样,加了几注,沟淡多几次,口袋里没有钱了,换个惨痛的结果

持有蟹货不要增持

如果你手上有蟹货,第一件事是先衡量那只股会不会是老千股,如果不是老千股,请不要沟淡,不加注,耐心地持有等股价回升,期间收股息,学会忘记了这只股,进入“手中有股,心中无股”的境界。

哦!买中老千股怎么办?我也没办法,不过,记住千万不要加注,若遇上供股千万不要参与,再加码参与只会亏更多钱

有时看电视、听收音机,一些股民在买入股票之后,股价下跌2%已经很紧张地打电话问专家怎么办,一个人如果无法面对2%账面值的下跌,他应该先检讨一下自己是否适合炒股票,股市最大的敌人是自己的心理弱点。


Grasshopper Is Not Like What You Think. Everyday Sing Song Without Works!


Read? Invest Like An Ant, Not A Grasshopper???


Life Insurance Is Definitely Important Up To Point X In Our Life Journey!

In personal finance; we have to be competent over the three scopes covering saving, insurance and investment through our life journey.

On that night; one guy asked Uncle8888 for his view on life insurance; as usual he would illustrate his view on the flip chart with marker pen. LOL!

Now; he illustrated the same view with better diagram here.



Read? My Long Term Personal Financial Goal - Self-insured Fund by 60!!! (2)

Tuesday, 21 March 2017

I Am Liability To The Team!!!


Read? Random thoughts: Coporate Rats out there, We can be happy rats

As corporate rats; we will run the Mill as dictated by Top Down and corporate development scene. We as rats running or spinning will have little control over how we should run the Mill. 

The day may arrive sooner than expected that we are no longer that happy rats running that old Mill. The Mill is unknowningly shifted or changed.

As Manager over the years Uncle8888 has received quite a number of resignation letters and have to sit down with them to TRY to uncover the true reason behind the resignation.

This guy's reason was uncommon and came as big surprise. He told Uncle8888: "I am liability to the Team!" and that was the reason he has to leave!

The day we no longer enjoy spinning the Mill as rat; we unknowingly become Liability to the Team!

How many unhappy rats have that guilt in them and choose to leave?

Those who have reached some level of financial comfort?

That guy has one investment property for rental; may be he has not reached financial independence; but may be financially comfortable to feel the guilt and walk out and seek elsewhere to spin the next mill as happy rat.



CAGR : His Human Asset vs. His Investment Gains. Who is more powerful?

Nowadays; many are talking about Big Data and Data Analytics. 

Long, long ago Uncle8888 as Baby Boomers already went big on Big Data and now he knows his Numbers and can show the Right Thing about CAGR between Human Asset and Investment.

Singapore's blogosphere is lucky to have old folk like him who is also financial rubbish collector who can now present real big data on the truth behind the scene of retail investing.

Read? Speaking And Sharing With Track Records!!!

Unless you are super investors or "Gurus" making most of their money by teaching others to reach financial freedom; you may be better off focusing on your human asset and that is the sure way to increase your net worth from saving without squeezing yourself too hard to live for the future instead of living the present.






Sunday, 19 March 2017

STI, SGX and DBS






Give Your Child Fish Or Teach Your Child How To Fish


As parents we set real life examples for our children to learn from us and hopefully they will follow the right thing from us.

Does it make sense to use CPF to be a long term endowment for your kids?

One participant asked 2 questions a long the lines of:

could we contribute more to our CPF SA, above the minimum sum limit and take advantage of the 4% interest
is it a good idea to contribute to your child’s CPF early and treat it as a savings endowment?


Uncle8888 belongs to old school of thought.

Give Your Child Fish Or Teach Your Child How To Fish?

For his three children; when they reached Sec 1 level; he gave them weekly school pocket money allowance for them to manage their money on their own. Whatever leftover were for them to keep. 

There was never an incident of them asking for more weekly allowance. 

Each year; their allowance would be increased so that they would be managing slightly more money than the previous year as they grew older.

When they reached University level; Uncle8888 opened joint bank account with them and transferred one year worth of budgeted University fund to them and let them managed their own Uni fund. 

But; it was not totally hand off approach as Uncle8888 still tracked their withdrawal pattern closely and would query them for any unusual sign of expenses.





Your Investment Portfolio is your Accelerator on the Road to Financial Independence! (2)



Read? Your Investment Portfolio is your Accelerator on the Road to Financial Independence!

Singapore Man of Leisure18 March 2017 at 11:31:00 GMT+8

CW,

I faint!


Eh, before you "go", remember to donate your collection to National Archives OK?

You collector you!

------------------

Today, Uncle8888 went back to his old boxes in the store room to dig up for any archives on FD interest rate before 2000

Oh oh oh ! Found something!


Now; thinking back ...

Was the book Rich Dad. Poor Dad; the real trigger or motivator behind his journey to become competent active investor?


Now; Uncle8888 has second thought; the real motivator and trigger was ..... ????

The book, Rich Dad. Poor Dad was just an enabler to take action!

What do you think?



Hard Not To Fall Into Wow Factor In The Cyber World



Two very young investors; look younger than Uncle8888's two older children stayed back to chat with him on that night and leading to this discussion - The Wow Factor!

Uncle8888 shared with them his experience with Wow Factor when he was newbie in the stock market!

In Uncle8888's early days; there was no personal blogs and chatboxes; but there were public forums and chat rooms where many newbies got caught by the Wow factor and unintentionally got burnt! 

Uncle88888 strongly believe it was definitely UNINTENTIONAL as they have no vested commercial interests

They are kind, truthful and well experienced retail investors sharing their trades. 

They have double, triple or quadruple their positions!

Wow!

Strong conviction!

Let follow as what many newbies would do!

Uncle8888 also followed!

How wrong can it be to follow strong conviction by the veterans?








Without knowing their position sizing relative to their capital, portfolio or net worth; double, triple or quadruple of their positions is quite meaningless.

BUT, we like to THINK that double, triple or quadruple is STRONG CONVICTION!

Mathematically it is!

But, .... Think deeply the moral of the story again!


Are you Hen or Pig?

The Hen & the Pig Go To Breakfast


A Hen and a Pig were sauntering down the main street of an Indiana town (yes, this is another shaggy dog story!) when they passed a restaurant that advertised “Delicious ham and eggs: 75 cents.” “Sounds like a bargain,” approved the Hen. “That owner obviously know how to run his business. “It’s all very well for you to be so pleased about the dish in question,” observed the Pig with some resentment. “For you it is all in the day’s work. Let me point out, however, that on my part it represents a genuine sacrifice.



Saturday, 18 March 2017

Some dividends are not meant for investors to keep forever or spend them off??? (2)


Read? Some dividends are not meant for investors to keep forever or spend them off???


S-REITs and their right issues.

What is the issue with right issues for not-so-wealthy retirees who are depending on investment income to support their household expenses;  they better know what is dilution at personal investment level.

It is same as the loud voice in the main stream shouting on maximizing your CPF for secured and happy retirement. Right?

Credit to one of Directors in BigScribe who dare to invite Uncle8888 to participate in their Talk on Optimizing CPF For Your Retirement and knowing that he is not going to sing the same song!




Are you Hen or Pig?

The Hen & the Pig Go To Breakfast

A Hen and a Pig were sauntering down the main street of an Indiana town (yes, this is another shaggy dog story!) when they passed a restaurant that advertised “Delicious ham and eggs: 75 cents.” “Sounds like a bargain,” approved the Hen. “That owner obviously know how to run his business. “It’s all very well for you to be so pleased about the dish in question,” observed the Pig with some resentment. “For you it is all in the day’s work. Let me point out, however, that on my part it represents a genuine sacrifice.”

Read? The Difference Between Smart Financial Advice and Smart Financial Advice For You (3)




Speaking And Sharing With Track Records!!!

Singapore Man of Leisure2 March 2017 at 22:28:00 GMT+8

CW,

Lucky they got you!

You speak from experience and track record ;)

Go break a leg!


CW8888:  Hmm ... That is really true!

It is about track records!

See for yourself. LOL!

Uncle8888 knows his Numbers! 

What he shared is based on track records!

He knows his total earned income from his full time employment since 1985 vs his investment performance since Jan 2000





Friday, 17 March 2017

You All Investment Bloggers Like to Make Investing Look So Easy


Last night ...

One guy: You all investment bloggers like to make investing look so easy

CW : Did you follow my blog? Since when did I make investing look so easy? Did you see my chart on Win vs Loss?

One guy: Your blog got lots of graphics?

CW: Ya.


Are investment bloggers making investing look so easy by "boasting" their success?

True for those bloggers who have vested commercial interests; but for the rest of other hobbyist bloggers; Uncle8888 couldn't remember seeing any hobbyist bloggers saying investing is easy.

Uncle8888 has seen posting of large number to wow people; but no posting that investing is easy. Right?









Some CPF Matters : Understanding It Better By Actually Going Through The ProcessTo Do It (3)


Read? Some CPF Matters : Understanding It Better By Actually Going Through The ProcessTo Do It (2)

Read? Optimising Your CPF For Retirement (2)

You can't ask Uncle8888 on these two questions for his view anymore at kopi session as to be fair to those 80 participants paying and also used their precious time to attend last night talk. He has decided to embargo these two questions till end Apr 2017.



(1) SHOULD I TRANSFER CPF OA TO SA TO EARN AN ADDITIONAL 1.5% COMPOUNDING INTEREST?

(2) SHOULD I DO VOLUNTARY CASH TOP UP TO MY CPF?



Thursday, 16 March 2017

You Know Company's Balance Sheet In Its Simplest Form???


"Less Analyzing. More Investing!" - Createwealth8888

"To make money from the stock market, it is not how well you analyze it. It is how well you invest into it." - Createwealth8888



Company's Balance Sheet?

How many retail understand how a company grows its balance sheet in a simple layman understanding without an accounting background?

Uncle8888 has asked a few retail to think about it. This is the minimum level that retail must fully understand balance sheet in its simplest form; otherwise; how you analyze arh?

Surprisingly; even a few seasonal retail couldn't explain balance sheet in its simplest form; and they think they understand financial statement well to know the company's  future and business.

OK. Enough of poke!

Sorry. sorry. sorry!




Wednesday, 15 March 2017

What Is Actually F.I.R.E??? Why We Should Love It!!!


F.I.R.E (Financial Independence Retire Early)

After knowing a few F.I.R.E people ..

some retire from their full-time job to take care their children i.e. becoming house-husband or housewife; 

some do full /part-time charity/church works; 

one of them full-time studying Bible and 

the rest of them doing free lance or part-time jobs

F.I.R.E doesn't mean idling day after day; week after week 

F.I.R.E really means ...

FIRE Your Boss! 

FIRE Your Full Time Job!

FIRE Your Leave Application!

You have gained back lots of control over how you spend your time!

People now cannot suka suka call for a meeting and you lan lan have to attend or ask someone to rep you.

Now; people will ask you whether you are free for meeting when you are actually more free than before. LOL!


MAS: Don't trade in binary options on unregulated platforms

It says these are high-risk instruments, and many trading platforms are fraudulent and based outside Singapore.

IN the wake of complaints from investors who have suffered losses, Singapore's financial markets regulator has warned against trading in binary options on unregulated platforms.


Read? Option trading As Passive Income is still Hot!!! (2)



Don't smile or laugh!

You may also have been inspired or wow by those articles, posting or chats before! 

Many people are easily inspired when they see large DOLLAR VALUE!!!


WOW!

Real People. Real Excitement. Unbearable Temptation.

Lucky for him to have old man sitting next to him. LOL!

You look at date of the above blog post. It was 30 Aug 2016 when this ex-colleague (Now) told Uncle8888 about it.

This colleague was sitting beside Uncle8888 in the meeting room and after reading one of his FB's post he briefly mentioned one trader became rich by trading binary options and showing off his Ferrari! 


Uncle8888 heard it and told him not to trust all these un-audited statement or claims. He also shared with him on his real encounter and face-to-face with one of our local "Gurus" and the other one till his grave also no answer to simple "Yes" or "No" question.








Monday, 13 March 2017

Some CPF Matters : Understanding It Better By Actually Going Through The ProcessTo Do It (2)


Read? Turning 55 - and enjoying financial freedom (5)


Today, Uncle8888 eng eng made another trip to Bishan CPF Branch.


Last year. Thursday, 22 December 2016

It was like that ....

CPF : You can withdraw interests from SA, OA and MA too.

CW: Pls help to check how much interests I can draw out without touching my SA and OA.

CPF: Wah! You have lots of interests to draw out. It is $XX,XXX. Do you want to draw out now?

CW: :-)


CW: No. Not now. I will withdraw next year on January.


So last year at Dec 2016 was like that ...

Interests from SA+OA+MA from Jan 16 to Nov 16 = $XX,XXX (5 figure number)


Today, 13 Mar 2017, it is like this ....

After passing Q ticket and IC to CPF lady and before she could ask ..

CW : I want to withdraw interests from all my CPF accounts.

Uncle8888 also passed to her this notepad.



CW: Pls help to write down the number. Principal and interests. Thank you!


When CPF lady has written down all the numbers and handed over Uncle8888's note pad.

CW: No MA interest?

CPF: This year MA limit is raised to $52,000. Your MA has not reach the limit so you can't withdraw MA interest.


At 13 Mar 2017

Ant will like this CPF Lady. Two decimal places precision!

Let see Grasshopper dares to laugh or not?

Interests from SA+OA from Jan 17 to Feb 17 $X,XXX.XX (4 figure number)

CPF : Do you want to withdraw your interests?

CW: No. Thank you. Have a nice day!

Uncle8888 went to sit down and verify the interests with mobile phone's calculator.

VERIFIED!


Only when it comes to the actual process of withdrawing monies from CPF; then the understanding is clear!

Is CPF Board doing lousy job of educating the Public with their different understanding by different CPF staff?



Sunday, 12 March 2017

Excellent Market Timer Is Super Huat!!!

IF, IF and ONLY IF .....

The FACT is after many years of collecting dividends still cannot beat the sellers who can time the market. In practice; are there such expert market timers around?

Only DBS beats the super market timers! DBS is growth stock while the other two stocks are cyclic stocks.

Something to learn about the fact on hindsight.


Some CPF Matters : Understanding It Better By Actually Going Through The ProcessTo Do It




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

Uncle8888 is so free and can go test the system. :-)

Read? Turning 55 - and enjoying financial freedom (2)

Read? Turning 55 - and enjoying financial freedom (5)



Saturday, 11 March 2017

Meeting And Learning From Successful Retail Investor And Trader


Last Friday; one new reader jio SMOL and Uncle8888 for kopi session at Ya Kun.

After knowing that he has been trading US market; then we asked him what is his objective of meeting us?

He said he wanted to meet and learn from successful investors and traders in Singapore to become an investor in Singapore market to build up investment portfolio for his retirement.

Now thinking back.

Are investment bloggers making successful investment looked simplified?

May be some investment bloggers have not articulate strongly that their investing journey is not that simple as what others have been reading about them.

How many of them can see beyond what they have seen and read?

Read? 16 Years of doing short-term trading and long-term investing in SGX. The Records!!! (2)




Financial Independence : Withdrawal??? Passive Income > Living Expenses??? (Good time to refresh before my talk)


Read? Financial Independence : Withdrawal??? Passive Income > Living Expenses???

True Story! Damn Good Advice!


Reply #4 on Nov 15, 2015 at 9:33am me200, candy188, and 1 more like this

ReplyQuote  Post Options

Post by oldman on Nov 15, 2015 at 9:33am

As I am now a consumer of healthcare insurance, what I am learning about insurance companies scares me even more. I was in hospital for a few weeks in Oct and chalked up a bill of well over $100,000, which I had to pay out of my own pocket first. I blamed the hospital for being too kiasu by getting money from me first

Then, a letter from the insurance company arrived and stating that they will not be paying anything until my oncologist replies to their list of questions. The insurance company tells that this process can easily take another 10 weeks! I then called my oncologist who kindly filled up the list of questionaire and sent it back to the insurance company. Let me see whether the insurance company finds other ways of dragging its feet. 

Of course no one wants to stay in hospital for a few weeks unless he is very sick! Glad to say, I am now on the road to recovery ... but have still to sort out these insurance issues which I previously thought will be transparent to me. How wrong I was! 

For those with private health insurance cover, be aware.... your policy may require you to have a few hundred thousand dollars sitting idle in the bank..... yes, this is not mentioned even in the fine print and certainly will not be mentioned by your insurance agent!

At best, if you have private healthcare insurance and intend to make use of the private hospitals or approved clinics, you should view your insurance plan as a reimbursement plan.... you have to pay upfront first and your insurance company hopefully will pay you back ( yes, there will be clauses in your insurance plan to allow them the flexibility of reviewing all charges before paying you back). Payback time is also up to the insurance company. 



If You Believe In Market Cycles???





Tuesday, 7 March 2017

Number of 55-year-olds with Basic Retirement Sum to go up

SIX in 10 active Central Provident Fund (CPF) members now accumulate enough savings for their Basic Retirement Sum account when they turn 55. The number, first achieved in 2013, is likely to rise to seven in 10 for members turning 55 in 2020.

Manpower Minister Lim Swee Say said that with higher wages and a higher labour-force participation rate, especially among older workers, CPF balances are expected to keep improving in the coming years.

He was replying to queries raised during the Committee of Supply debate on his ministry in Parliament on Monday.

Several enhancements were introduced last year to help CPF members to save more for their retirement. Examples are the higher CPF ceiling, improved ease of transfer of CPF savings to the account of one's spouse and the Enhanced Retirement Sum.

Mr Lim said that the enhanced savings are for retirement use, and that the government will not allow these savings to be used for overseas training courses, despite many calls for it.

Mr Lim noted that while CPF money can already be used to support basic tertiary education in local approved institutions, the government must also do more to safeguard CPF members' retirement adequacy - especially now that lifespans have improved.

"So we need to be careful about expanding the use of CPF for other purposes," he said.

The minister said MOM is working on improving three aspects of the CPF Investment Scheme (CPFIS): The first is the introduction of a self-assessment tool which members can use to determine whether CPFIS is suitable for them; the second is the lowering of the cap on sales charge to discourage financial intermediaries from proactively selling products to CPF members; the third is a review of the asset classes offered under CPFIS to gauge their suitability for growing retirement savings.

These changes will be announced later in the year. CPF members who prefer a simpler investment option can look forward to the CPF Lifetime Retirement Investment Scheme, the details of which MOM is working on, said Mr Lim.

The CPF Retirement Planning Service, which was piloted last year to help members make informed decisions about their CPF savings, will be available to all members turning age 54 this year.

At the one-on-one session, Customer Service Executives will use personalised information to help members understand what will happen to their CPF balances when they turn 55 and the options available to them.


Should I pay down home loan using CPF OA and/or Excess Cash???


Read? Why I DIDN'T chose a 30 year bank loan but a much shorter one???




Zhuangzi told this story to his disciples to make a point.


Once a zookeeper said to his monkeys: "You'll get 3 bananas in the Morning and 4 in the Afternoon." 

All monkeys are upset. 

"OK. How about 4 bananas in Morning and 3 in the Afternoon?" 
Hearing this, the monkeys are content. 


Sunday, 5 March 2017

Optimising Your CPF For Retirement (2)


Read? Optimising Your CPF For Retirement

At that time she could have asked Uncle8888 over a cup of kopi kosong; but today she has to buy ticket to listen and ask questions. 

Good times don't last for long. LOL!




What Uncle8888 will cover at the Talk ....







Number One Lesson For Personal Finance!!!


Even you don't bother with detailed tracking of household expenses to MANAGE/CONTROL expenses as you believe there are trade-off for too much tightening and squeezing. But, at least; every month ending; you should have an idea what is the ROUND UP monthly number e.g. 2,000, 2500, 3000, 4000 etc

Your Future Me will thank you when you are about to seriously start your retirement planning.


The Three Matters On Personal Finance: Saving, Insurance, and Investment!!! (3) - Refresh!


Read? The Three Matters On Personal Finance: Saving, Insurance, and Investment!!! (3)


The Grading for his competency in Personal Finance. It should be Well Done!

He fully understands what is the purpose of Life Insurance when he was in his late 20s, married and progressively more children with more life insurance policies to protect his dependents.

Life insurance is to cover Human Asset and protect our dependents. When Human Asset is ZERO and with no more dependents to protect; to continue to cover zero value human asset with life insurance is redundant. Unless one is planning it as Funeral gifts!

By the time we retire and never build up our own retirement fund to include self-insured after 60s; we can't grant ourselves a Pass on personal finance.

More? Insurance




Saturday, 4 March 2017

QAF : If TA works for low volume stock???


Super Long Wait??? Not Coming Any Sooner???



In mean time, just count interests!


Starbucks???


It was crowded but unlikely other Starbucks goers in their mind will say : "WTF! Why sit so long!"

Try sitting long in crowded kopitiam?


Thursday, 2 March 2017

Kep Crop : Can the Bulls make it happen???


Optimising Your CPF For Retirement


Now; you have your chance to hear and meet Uncle8888 Live!

on Optimising Your CPF For Retirement

He will be sharing his views that you don't hear it from main stream's loud voices!

Less Analyzing. More Investing - CW8888 (2)


Read? Less Analyzing. More Investing - CW8888

This is the common response when someone began to talk about Investing with Uncle8888 ...


Uncle8888: Why are you investing?

Someone: I invest for income (or dividends)?

Uncle8888: You look young. Are you retiring soon?

Someone: No

Uncle8888: Why do you need cash flow from stocks? You lack of money to use?

Someone: No

Uncle8888: Your cash flow come from your job?

Someone: Ya

Uncle8888: Why do you need to invest for income when you no need the cash flow from stocks?

... silence. Now not sure how to respond to Uncle8888


Discover it yourself!

This is investing for long run when you are decades away from becoming retiree!


Are you wow by 6 digits passive income?

Do you know to get there and one day wow others with your 6 digits?

This is nothing more than Primary school Mathematics. Right?

Wednesday, 1 March 2017

Financial Independence at 40 or Financial Independence at 50/60???


Any difference?

Financial Independence at 50/60 may mean that our children are likely to be independent soon. We may not need larger investment portfolio to generate larger investment income to fund our household expenses. We can also include asset draw-down as cash flow at the latest stage of our life as the gravestone is not that many years away!

Many will be able to reach financial independence in their 50/60 if they are willing to include asset draw-down strategy as part of their sustainable retirement income for life.



Tuesday, 28 February 2017

Lucky Or Unlucky When You First Get Started Investing Over Market Cycles


Read?  How Much Luck in Investing Success? My Experience in 2008/09

Hmm ... like that then Uncle8888 was unlucky to read that book Rich Dad. Poor Dad at the wrong time and triggered him to seriously started his journey to Get Out of Rat Race when STI was near its high at 2583 and then crashed down to 1198.

He was lucky or unlucky? Not sure but he did learn something very important and practically true!

Do you recall any other successful retail investors telling you this?


In investing, your account size really matters; but it takes time for you to grow your account size through saving from your earned income.


How often you hear this : Start investing when you are young and let the magic of compounding works for you!


Read? Your Account Size Really Matters! (2)



Saturday, 25 February 2017

Buffett: 'Widespread Fear Is Your Friend as an Investor'

25 Feb 2017 : Warren Buffett’s Letter to Berkshire Hathaway Shareholders

Some years, the gains in underlying earning power we achieve will be minor; very occasionally, the cash register will ring loud. Charlie and I have no magic plan to add earnings except to dream big and to be prepared mentally and financially to act fast when opportunities present themselves. Every decade or so, dark
clouds will fill the economic skies, and they will briefly rain gold. When downpours of that sort occur, it’s imperative that we rush outdoors carrying washtubs, not teaspoons. And that we will do.


Many companies, of course, will fall behind, and some will fail. Winnowing of that sort is a product of market dynamism. Moreover, the years ahead will occasionally deliver major market declines – even panics – that will affect virtually all stocks. No one can tell you when these traumas will occur – not me, not Charlie, not economists, not the media. Meg McConnell of the New York Fed aptly described the reality of panics: “We spend a lot of time looking for systemic risk; in truth, however, it tends to find us.”

During such scary periods, you should never forget two things: First, widespread fear is your friend as an investor, because it serves up bargain purchases. Second, personal fear is your enemy. It will also be unwarranted. Investors who avoid high and unnecessary costs and simply sit for an extended period with a collection of large, conservatively-financed American businesses will almost certainly do well.



A few, however – these are serious blunders I made in my job of capital allocation – produce very poor returns. In most cases, I was wrong when I originally sized up the economic characteristics of these companies or the industries in which they operate, and we are now paying the price for my misjudgments. In a couple of instances, I stumbled in assessing either the fidelity or ability of incumbent managers or ones I later put in place. I will commit more errors; you can count on that. Fortunately, Charlie – never bashful – is around to say “no” to my worst ideas.


Do You Know What Is Market Cycle and Sector Cycle??? (2)


Read? Do You Know What Is Market Cycle and Sector Cycle???

Read? No Cut Losses & Multi-baggers For Long Time (2)


Cut losses fast and live to fight another day!

It could be true for trading for a living as they depend on cash flow to put food on the table. But; for retail investors who put food on the table from their earned income ; it is a different story!

Depending on who you ask?

Cut losses fast and live to fight ANOTHER day! 

For traders, they have to fight every other day and definitely have to fight another day; otherwise they will starve!

But; for retail investors over market cycles and sector; how true is cutting losses into holding MORE cash when you have war chest?

Do you have to live and fight another day? or every other day?

It is more likely when retail investors panic and cut losses into holding MORE CASH; they are more likely to stay away from the market for a long time. 

Once we cut losses into realized losses; it is very hard to recover by holding cash. We can't never recover from holding cash. The cash has to be invested again to recover from losses.

But; what Uncle8888 has observed so far that many retail investors after cut losses; they will stay away from the market far too long to recover.


Two Bank Accounts? No, You may need Four! - (5)

Read? Retirement Income for Life??? (14) - How much is enough for retirement?

If you are NOT into detailed household expenses tracking in view of controlling and tightening expenses; you may like to review Uncle8888's method of tracking household expenses for the purpose of knowing the Number and don't bother with its details to control expenses. It is just few minutes effort every moth to populate the Excel worksheet with the latest monthly number.

One dedicated bank account for all household expenses and to be funded by other sources of income e.g. salary

Since Uncle8888 has retired without earned income; this bank account is fully funded by dividends and trading P/L from investment portfolio, CPF and FD interests. 2017 has been fully funded. In Dec 2017; this bank account will be refilled by CPF interests, dividends and trading in 2017 for 2018.

The big idea here is to spend what has been earned and not to spend future money that is not earned!

Read? No More Year End Bonus!!!

With one dedicated bank account for household expenses; whenever he looked at the account balance; he won't feel rich enough to overspend or feel that poor to under spend. He will naturally adjust and adapt to the remaining account balance to ensure that he doesn't spend until the account drop below the minimum sum and get charged by the bank. So far; it works naturally well for him for decades!








Friday, 24 February 2017

When Are You Going Into Trading Like Many Other Retirees???


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.



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