Tell it to those are sitting on large paper losses whether they are anguish or not.
Come on! Put XIRR on paper loss + dividends and see whether you will see negative number or not! Still passive income when XIRR is negative? Chun bo?
When sitting on paper losses, dividends are just Panadol to ease heartache and practicing the art of self-consoling that dividends are coming soon! When sitting on paper gains, the larger paper gains and higher dividend yield on investment will earn the right to shout loud in the Cyber World about their Money Tree and Passive Income.
How much does your patience pay for you in the stock market? Your Entries and Exits? Your market timing determine the value of your patience. Uncle8888 has plenty of patience; but it doesn't mean he will always win. No and never! His last 4 Entries ...
Uncle8888 started working in Aug 1977 @ 21 yrs old and became CPF member. Two more years in Aug 2017, he will celebrate his 40th years anniversary as CPF Member!
What has he achieved after 40 years as CPF Member?
Will his next milestone on the Road to Financial Independence is to become an old CPF member Millionaire with his CPF accounts in 2016 or 2017? Is this something to celebrate on his 40th Year Anniversary as an old CPF Member?
Uncle8888 has done Pond fishing only once and no more. He loves Shore fishing. He also avoids doing Boat fishing as it will become an expensive fishing hobby for him.
In Pond fishing, we will know that there will be fish at anytime as the pond operator will release enough fish at designated timing to ensure that there will be fish in the water. So it is like investing in S-REITs or dividend income stocks of high dividend payout ratio of 80% or more.
How about Shore fishing?
We will never know there are fish around there or not. Most of the time, we may wait for so long but catch nothing. So it is like catching Growth-dividend stocks?
Making hay in Summer while Sun shines or by pulling out weeds from Autumn Garden? Same same but different when you get it wrong!
Making hay in Summer while Sun shine but somehow it went wrong. It has been a long Summer!
May be sibei sianz!
Summer will never go on forever. One day it will come back to me and I will make back those lost paper profit opportunity! Pulling out weeds from Autumn Garden but somehow it went wrong. Robins come, new leaves come! No Winter but unexpectedly an early Spring! WTF!
Let us honestly face the fact. It is extremely hard to recover our realized losses or regaining back our expected profits that were lost back to Mr. Market by sitting on cold hard cash.
We are expecting Winter but an early Spring unexpectedly came!
Our investing mind may be still stuck in the Autumn.
Can we expect our investing minds to change that fast?
We may have just two to four opportunities in our lifetime of long term investing to create wealth from the stock market.
Uncle8888 has managed to create some passive income (Money Trees) from 2001 to 2003; BUT NONE from the biggest opportunity in the stock market in last GFC 2008/2009.
His biggest mistake so far! Instead of investing for Money Trees; he was caught busy cutting losses and switching horses to stay calm and raising cold hard cash to sleep better.
It is not the best way to create wealth in rare window of opportunity presented by Mr. Market by trying to stay calm and raising more cash to meet liquidity needs. Dumb! Really dumb! Do you see his reason in retaining his larger War Chest?
His Investing Goals is for ten years!
Another 6 years to go. Should have enough time for the next Great Bear opportunity to meet the ten-years End Goal.
We have heard about patience and discipline in long run (term) investing in the stock market. Wait for the Big Bear market and invest for double digits yield. Real retail investor. Real Story.
He is 60 and has started investing, trading and punting in the stock market when he was in his late 20s. He can be said to be a veteran who went through several market cycles. After winning and losing through his early YEARS of investing, trading and punting, he learned something that most of us understand. Patience and Discipline! He told me his problem with patience and discipline. He has too much of them! Till now @ 60, he is still lack of future cash flow in dividends as he is too patient and discipline to convert his low yield interests to higher yield dividends.
Ordinary retirees in Singapore are
likely to depend on combination of their investment portfolio, CPF OA,
CPF SA and CPF Life and supported by some level of emergency cash and
adequate medical coverage that fix our daily lifestyle. Everyday, we
treat ourselves 365 days a year and year after year in B1, B2 or C
Ward; but when we are suddenly sick; we "demand" A ward treatment. That is strange! Guilty conscience at play or what?
Often heard at wakes.
Paying $XX,XXX for the service of 10 monks to do prayer for their parents soul. Some of these children might not even want to spend $X,XXX or $XXX to bring their parent out for vacation when they were alive! That is strange! Guilty conscience at play or what?
But it was on the stock market, 32 years ago,
that Koon began accumulating even more assets and wealth.
"In 1983 I had an serious heart angina.
Before my heart surgery in London, I gave all my assets to my wife and
children. After my heart operation I started to learn how to make money from
the stock market."
Up until then, he was an executive director
in Mudajaya/IJM but gave up his position and invested his time and money in
He started with only RM200,000 cash to dabble
around with and has made money to the tune of millions ever since.
Koon said his trick to mastering the market
is to be a "contrarian investor" – one who buys when everyone is
selling and who sells when everyone is buying.
And it is a lesson he wants to pass on to
others, as he regularly blogs about his investment tips.
"After having read several investment
books by famous gurus like Benjamin Graham, Warren Buffet, Peter Lynch, etc and
my 32 years of practical experience, I wish to share my knowledge with people
who are interested.
"I believe teaching people to make money
is like teaching people how to fish instead of giving them some fish."
His wish is the same no matter who he helps,
whether by giving investment tips or monetarily, that they too will help the
poor when they have made their money.
This applies to those who have benefitted
from his investment tips, the 300-odd students who have received scholarships,
and also the Penang state government, which received his RM50 million donation
for the USM hostels.
In 1975, he sold his controlling stake in Gamuda.
But it was on the stock market, 32 years ago, that Koon began accumulating even more assets and wealth.
"In 1983 I had an serious heart angina. Before my heart surgery in
London, I gave all my assets to my wife and children. After my heart
operation I started to learn how to make money from the stock market."
Up until then, he was an executive director in Mudajaya/IJM but gave up his position and invested his time and money in shares.
He started with only RM200,000 cash to dabble around with and has made money to the tune of millions ever since.
Koon said his trick to mastering the market is to be a "contrarian
investor" – one who buys when everyone is selling and who sells when
everyone is buying.
And it is a lesson he wants to pass on to others, as he regularly blogs about his investment tips.
"After having read several investment books by famous gurus like
Benjamin Graham, Warren Buffet, Peter Lynch, etc and my 32 years of
practical experience, I wish to share my knowledge with people who are
"I believe teaching people to make money is like teaching people how to fish instead of giving them some fish."
His wish is the same no matter who he helps, whether by giving
investment tips or monetarily, that they too will help the poor when
they have made their money.
This applies to those who have benefitted from his investment tips,
the 300-odd students who have received scholarships, and also the Penang
state government, which received his RM50 million donation for the USM
- See more at:
BY RAM ANAND
Published: 3 October 2015 10:59 AM | Updated: 3 October 2015 1:43 PM
- See more at:
BY RAM ANAND
Published: 3 October 2015 10:59 AM | Updated: 3 October 2015 1:43 PM
- See more at:
CW8888's Wealth Formula: Wealth = Asset Value + Cash Flow Wealth = Human Asset + Financial Asset + Cash Flow
Human Wealth = Human Asset Value Cash Flow Financial Asset = Market Asset Value + Cash Flow When our Human Asset value is approaching to ZERO, we will have to fully shift gear to Financial Asset to generate future sustainable cash flow; BUT, some financial asset likes holding stock portfolio by nature will give us terrible emotional roller coaster ride.
So how to be calm and steady over market cycles?
Think of having strong Balance sheet of future cash flow. Probably, this is the better to stay calm and steady for long, long time till RIP!
When our spouse chooses to remain as investing idiot; then we may have little choice; but to be richer than the inflation to be sustainable over our lifetime. It is still better to lose to Mr. Inflation with less emotional pain than to lose with so much emotionally painful to Mr. Market.
Reach a new milestone in Sep 2015; but it is for the other half!
Bermuda: Golar LNG Limited ("Golar") announces that its Cameroon
floating liquefied natural gas project has reached a major milestone
with the final approval by all parties of the Gas Convention for the
project. This final investment decision commits the project to a
targeted start date for commissioning of second quarter, 2017.
a signing ceremony in Yaoundé, Cameroon on Wednesday, September 30,
Cameroon's state owned oil and gas company Société Nationale des
Hydrocarbures ("SNH"), Perenco Cameroon ("Perenco"), Golar Hilli
Corporation and Golar Cameroon (together "Golar") executed a fully
effective and binding Gas Convention with the Republic of Cameroon which
endorses and governs the installation and operation of the GoFLNG
vessel in Cameroon waters offshore of Kribi.
binding Tolling Agreement having already been agreed between Golar and
Perenco, is expected to be formally approved by the 25% upstream partner
SNH imminently. This agreement establishes the terms under which Golar
shall provide liquefaction, storage, and off-loading services to SNH
and Perenco as upstream joint venture partners.
signing today of the Gas Convention and the finalization of the Tolling
Agreement terms facilitates the financing structure previously
announced and will enable Golar to drawdown up to $700m from the
facility to fund the ongoing conversion cost. It is estimated that no
further direct funding from Golar will be required for the Hilli
conversion, with the remainder of the conversion project being financed
through this debt facility.
Perenco and SNH have for the past two years been developing a floating
liquefied natural gas export project located near shore off the coast of
Cameroon situated in an area of benign sea states and utilizing Golar's
floating liquefaction technology ("GoFLNG"). The project is based on
the allocation of 500 Bcf of natural gas reserves from offshore Kribi
fields, which will be exported to global markets via the GoFLNG facility
"Hilli", now under construction at Keppel Shipyard in Singapore. Golar
will provide the liquefaction facilities and services under a tolling
agreement to SNH and Perenco as parties of the upstream joint venture.
It is anticipated that the allocated reserves will be produced at a
rate of 1.2 million tons of LNG per annum, representing approximately
50% of the vessel's nameplate production capacity, over an approximate
eight year period. It is expected that production will commence in Q2,
with previous advice, the project in Cameroon is expected to deliver an
EBITDA for Golar in the first full year of operation, based on the
utilisation of 2 of the available 4 liquefaction trains, in the range of
$170 million to $300 million, with a flexible tolling structure which
correlates to Brent crude oil prices ranging from a floor of $60/bbl to a
cap of $102/bbl. The Tolling Agreement also includes a tariff for a 3
train operation in case additional gas volumes can be processed or
production advanced. Full production by 3 trains will increase the
EBITDA to between $240 million and $430 million corresponding to the
same range of Brent crude oil prices.
CEO Gary Smith commented; "The achievement of this very significant
milestone in the delivery of Golar's FLNG strategy is the result of many
years of hard work and technical innovation by our employees and
partners. We consider ourselves very fortunate to be developing our
first FLNG project in a very professional partnership with Perenco and
SNH who have provided a solid foundation to this ground breaking
project. We genuinely believe the employment of this first speculatively
ordered FLNG unit and the approval for development of the Kribi field
sets a new standard for development of gas reserves. Golar's GoFLNG
business model reduces the resource holder's capex and project execution
risk, advance their cash flow and is flexible enough to develop smaller
Kribi field development was approved within a relative short time frame
and delivers solid economics for all parties involved notwithstanding
the current low oil and gas price environment. This approval clearly
demonstrates the competiveness of the GoFLNG model vs other alternative
approaches to LNG project development.
experience has been gained from this first GoFLNG project, which
strengthens Golar's ability to assist other resource holders and
developing nations to monetize reserves which currently are either
dormant or sub optimally produced.
Golar is increasingly encouraged by the growing portfolio of interesting FLNG projects currently being discussed and developed."
FORWARD LOOKING STATEMENTS
press release contains certain forward-looking statements concerning
future events and Golar's operations, performance and financial
condition. Forward-looking statements include, without limitation, any
statement that may predict, forecast, indicate or imply future results,
performance or achievements, and may contain the words "believe",
"anticipate", "expect", "estimate", "project", "will be", "will
continue", "will likely result", "plan", "intend" or words or phrases of
similar meanings. These statements involve known and unknown risks and
are based upon a number of assumptions and estimates that are inherently
subject to significant uncertainties and contingencies, many of which
are beyond Golar's control. Actual results may differ materially from
those expressed or implied by such forward-looking statements.
A Goal-based Approach Investing StrategyUncle8888 has adopted a Goal-based Approach investing strategy by setting for himself a 10-year progressive Goal Targets to be achieved for each year from 2012 to 2021.
Our investing journey is not Horse Race or Rat Race where we compete against others. No! It is our investment Marathon Race where we set our own pace and compete against ourselves to win our own race.
Year 4: 9M2015 Result for Tap No 3 (Cash Flow from Investment Portfolio) Achieved 32.9% against 34%of 2021 Goal Targets.
Investment Portfolio XIRR Track, Measure and Visualize! Without doing it; how to revise investing strategies and to improve year-on-year investing performance?
Portfolio's XIRR includes all investable cash plus the current stocks
value at market closing price as on 30 Sep 2015.
Since one year ago:-12.4% Since 1 Nov 2008: -1.9% Since 1 Jan 2003: +7.8% Since 1 Jan 2000: +7.3%
The reality of riding market cycles of Bull and Bear
This reality cannot be anyhow extrapolated in any form of theoretical knowledge including the most popular form of compounding interests - the Eight Wonder of the World. No. You can't! Embracing Three Taps Solutions to Retirement Income For Life Model
Uncle8888's Wealth's Formula: Wealth = Asset Value + Cash Flow Where Sustainable Cash Flow = Tap 1 + Tap 2 + Tap 3 and volatile market pricing of Asset Value becoming less significant. Since Tap No 3 is enough to supply the liquidity needs; Tap No 1 will remain shut.
Uncle8888's Tap 1 can sustain up to 2037 covering 81.2% of yearly household expenses without his investment income using asset-down strategy when it becomes necessary to do so.
Now, he will have a peace of mind of passing over this asset to his spouse, an investing idiot.
Uncle8888 diligently tracked every position in his portfolio and knows how every position performs.
There will be Good, Bad, and Ugly. We can't never escape!
How good, how bad and how ugly?
It's not whether you're right or wrong
that's important, but how much money you make when you're right and how
much you lose when you're wrong." ~ George Soros
How good when he is right?
How ugly when he is wrong?
2 Good vs 1 Bad and 1 Ugly!
He has bought back his Kep Corp at $12.14 in Jul 2007. So high! How ugly can it be? See for yourself! Why Uncle8888 still choose growth-dividend strategy over income dividend investing even though he now aims for higher cash flow. The wisdom of George Soros in play!
- Approximately US$390 million power plant in northwestern Bangladesh to have a capacity of 426 megawatts
Sembcorp Industries (Sembcorp) is pleased to announce that it will be
developing a 426-megawatt power plant in the Sirajganj district of
Bangladesh under a public-private partnership, establishing the Group’s
first foothold in this fast growing emerging market. This
build-own-operate project was awarded to Sembcorp’s wholly-owned
subsidiary, Sembcorp Utilities, by the Government of Bangladesh.
At a total project cost of approximately US$390 million, the combined
cycle power plant will be fuelled primarily by natural gas, with high
speed diesel as backup fuel. Expected to be completed in 2018, the plant
will supply power to the grid under a 22.5-year power purchase
agreement with the Bangladesh Power Development Board. Sembcorp will own
a 71% stake in the project while North-West Power Generation Company, a
subsidiary power generation company of the Bangladesh Power Development
Board, will hold the remaining 29%. A joint venture company, Sembcorp
Sirajganj Power Company, will be incorporated in Bangladesh to undertake
Tang Kin Fei, Group President & CEO of Sembcorp, said, “We are
pleased to secure this project as it provides us with a platform to grow
our power business in Bangladesh. With Sembcorp’s track record in
developing greenfield projects in emerging markets, we are confident of
delivering this project successfully and look forward to working closely
with our partner, North-West Power Generation Company. Bangladesh
offers strong growth potential and we see the opportunity for us to
further grow our utilities and other businesses in the country.”
Bangladesh is among the fastest growing economies in the world with a
growing power market. The country’s real gross domestic product is
forecast to grow more than 6% annually over the next 15 years, supported
by steady growth in private consumption . More power plants are needed
to cater to the increasing power needs from economic expansion, as
present generation capacity is unable to meet the prevailing load demand
of the country. The government also plans to add about 10 gigawatts of
capacity over the next decade. With this growing energy landscape in
Bangladesh, the country presents immense opportunities for Sembcorp.
“This is the first public-private partnership project with a foreign
investor in the power sector in Bangladesh, and we are happy to be
partnering Sembcorp in this landmark project. Sembcorp brings with it
proven capabilities in developing, owning and operating energy
facilities globally. We believe that together we can help to meet the
growing demand of electricity in Bangladesh,” said A.M. Khurshedul Alam,
Managing Director of North-West Power Generation Company.
Financial information The total project
investment of approximately US$390 million (approximately S$547 million)
is expected to be funded through a mix of limited recourse project
financing and equity. Lenders for this project will include multilateral
agencies and commercial banks. Financial close of the project is
expected in 2016. Sembcorp’s equity investment will amount to
approximately US$68 million (approximately S$95 million) and will be
financed by internal funds and borrowings.
This project is not expected to have a material impact on the
earnings per share and net asset value per share of Sembcorp Industries
for the financial year ending December 31, 2015.
Our money cannot vanish! It is either we spend them willingly on ourselves and our beloved or one day, when strangers become close friends to help us to spend our money without us feeling any pain! Beyond certain age when we can still count our money; we should stop to be frugal? What do you think?
I am 59 yrs old uncle living in HDB heartland doing long-term investing and short-term trading in Singapore stock market only.
Countdown to an early retirement @ 60 when official retirement age in Singapore is 62; but can be re-employed up to 65.
I have two sons and one daughter. Two working adult children and the youngest son is in NS.
My wife is a home CEO without income. There are two mouths counting on me for financial support, so I have to do well in this investing journey. There is little room for failure!
Last updated: 14 Sep 2015
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