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

Thursday, 19 July 2018

Another Milestone Achieved As Long-term Retail Investor : 6-Bagger Yield On Cost For Kep Corp

Mr Loh Chin Hua, CEO of Keppel Corporation, said, “Keppel continued to deliver strong results in the first half of 2018. Our multi-business strategy and geographical diversification have
enabled the Company to remain resilient, despite cyclical headwinds in some of our businesses.

“Taking into account the Group’s better performance, including the improvement in our cash flow and net gearing, the Board has approved an interim dividend of 10.0 cents per share for 1H 2018, higher than the 8.0 cents per share for the first half of 2017. 

In addition, to thank shareholders for their trust and support on the occasion of Keppel Corporation’s 50th anniversary, we will be giving out a special dividend of 5.0 cents per share. The interim
dividend and special dividend will be paid out to shareholders on 7 August 2018.” 

With the $0.15 dividend declared; Uncle8888 has achieved another milestone as long-term retail investor. A 6-bagger Yield on cost for Kep Corp!

This 6-bagger yield on cost over past 17 years has been locked in CPF OA through CPFIS refund and will continue to generate interest on total accumulated dividends for additional yield on cost:

Average yearly yield on cost over 17 years = 30%

Additional yield for CPF OA 2.5% on total accumulated dividends for next year = 13%

What you may not know behind this headline number of 6-bagger yield on cost?

Superior meh?

Superior market timer will make superior return!

See for yourself!

Who still say market timing is not critical?

Tuesday, 17 July 2018

What About Size Of War Chest???

Try to relate the two diagrams together. Do you see what Uncle8888 saw and understand how come he is like that and how did he survive through past few market cycles?

STI ran up 223% and he started to invest!

He was the bei kambing who never read past STI history before investing.

Never too late to invest or start early! Don't worry about market timing. 

Seafood Soup

Hi Uncle Jacob,

Recently, my colleagues intro me to this nice fish soup near SMOL's place:

You got try before?


Queue is okay!

The fish soup is stronger flavor based and not the typical Teochew fish soup style. Not sure what style is this one. :-)

8.50 = 6 + 2 (Lala add on) + 0.5

$2 Lala add on is not worth the money!

25% of Lala are bad!

For fresh Lala; Uncle8888 still have to go to JB for his steam Lala!

Forget about the Lala; the seafood soup is good!

Unintelligent Nerd17 July 2018 at 21:14:00 GMT+8

Errr......Uncle CW, looks like wrong fish soup stall leh.

Aiya. Next time ask SMOL bring you there. zzzzzz


Couldn't launch the URL from email from my phone?


Hell Of Difference In Thinking Between Retail Investing And Crowd Lending

For retail investors who are keen in FA; they will be looking closely at interests payment. High interest payment and  highly leveraged may be a red flag to look closely.

But; for crowd lending; retail lenders are full of smile on their face as they love high interests payment from SME. They don't really care how high interests payment will affect company's bottom line and profitability and may be also a red flag to company's ability to stay competitive and survive due to higher cost base.


Lending and investing. 

Can be so different! Sigh!!!

Sunday, 15 July 2018

Current Size Of Your War Chest Relative To Total Investment Costs In Your Stock Portfolio

Your current size of War Chest relative to total investment costs in your stock portfolio may determine your current style as retail investor.

War Chest > 50% of total investment costs : Aggressive Attacker

War Chest < 10% of total investment costs : Aggressive Defender

Are you playing to attack or to defend in this current local market i.e. SGX?

Why Three Or More Taps Model Is Far Better For Sustainable Retirement Income For Life?

Read? Sustainable Retirement Income For Life - Three Taps Solution - Revised slides

Mr Market is like Dr M who unexpectedly returned to threat our Water Tap. We will be in deep shit if we only have one tap solution for our water need!

Do you depend significantly on your investment income to pay your household living expenses for many more future years across market cycles and be threatened by Mr. Market?

Friday, 13 July 2018

Tuesday, 10 July 2018

Updated for Temasek

TEMASEK Holdings warned of increased near-term downside risks even as buoyant stock markets lifted its portfolio to a 12.19 per cent one-year return for the financial year ended March 31, 2018.

The Singapore government-owned investment firm's net portfolio value grew to a record S$308 billion, up from S$275 billion a year ago, according to its annual report released on Tuesday. A year ago, the portfolio returned 13 per cent.

The latest results came as key listed holdings posted strong gains over the year; market capitalisation grew 44 per cent for DBS Group Holdings, 91 per cent for Ping An Insurance and 73 per cent for Alibaba Group Holding.

Annualised returns over 20 years was 7 per cent, up from 6 per cent a year ago. Dividend income was S$9 billion for the year. Net profit improved to S$21 billion from S$14 billion a year earlier, Temasek said.

In Real Life Such Retail Investors Are Outliers???

Read? 10 Things We Learned From The 2018 Public Bank AGM

Read? Public Bank Is One Example Often Quoted by Investment Writers How Retail Investors Can Became Millionaire!

5. Public Bank has paid an increasing dividend since 2013. Dividend per share has increased from 58.0 sen in 2016 to 61.0 sen in 2017. Public Bank returned a total of 24% in 2017 including capital gains and dividends. If a shareholder bought 1,000 shares of Public Bank in 1967 and subscribed to all subsequent rights issues, his stake would now be worth RM4.6 million (148,938 shares at RM22.50 per share plus RM1.3 million in gross dividends) – a compound annual growth rate of 19% over the last 50 years.


RM1.3 million in gross dividends over last 50 years

Average gross dividend per year = RM 26K

Average gross dividend per year per share = RM 26 or about S$8.67


Just one stock!

In real life, such retail investors are outliers?

Anyone who has relatives still holding Public Bank and now millionaire based on just one stock?

How about Uncle8888's dream stock Kep Corp?

Over 50 years; may be half a millionaire?

Millionaire will be miracle. LOL!

Sunday, 8 July 2018

Compounding Investment Return Pornography???

Read? Coping with Financial Pornography from Millennial Deci-Millionaires.

Hmm ... learnt something from the above link!

This compounding investment return pornography illustration diagram on how to become rich from investment often shown by many investment writers?

No periodic dips in investment portfolio value across market cycles?

Not pornographic? Then what!

Never confuse compounding interests - 8th Wonder of the World with compounding investment return!

De-compounding Of Investment Portfolio

How many marginal retirees (NOT those spending 50% of their investment income)  seriously re-think their investing strategy to factor in de-compounding of their investment portfolio towards their last phase of their investing journey?

Time for Uncle8888 to re-think!

What is the acceptable yearly Return on Capital during de-compounding phase and how much improvement is required to sustain this ROC?

There is no free lunch in the stock market!

Average yearly ROC is 10.4%

2018 ROC as on 7 Jul 2018 is 6.4%

To accept or to improve?

Saturday, 7 July 2018

Why Pursue Financial Freedom? (4)

Read? Why Pursue Financial Freedom? (4)

Read? I retired a millionaire at 30 — and now I know why everyone is so unhappy

CW8888: Fully agreed! This, most of us can do it after FIRE or FIRe!

To me, success isn't about money, it's about peace.

I just want to feel a peace. I want to feel calm and present. I want to feel alive. I want to feel at one with the world and myself. I don't want to be shackled by worry about money or the future. I want to feel at ease. Like I've found my rhythm. Like I'm in the right place. That "peaceful easy feeling."

CW8888: When we reach FI; we can choose to escape from corporate noises that we cannot control from creeping into our inner shelf and disturb our peace and those moment of angers or frustration when corporate responsibilities and burdens that are imposed upon on us due to our role and position. Man in the middle gets hit, affected or impacted by both lower and upper layers. :-)

Friday, 6 July 2018

STI slipped deeper into correction phase. Next stop Bear???

How are you feeling now with your investment portfolio?

One leg or both legs in our local stock market?

Uncle8888's investment portfolio is slipping into Correction soon. Currently; it has slipped 9% from the peak on Jan 2018

Wednesday, 4 July 2018

Voluntary Downgrading of Residential Home And Full Time Job

We can voluntary downgrade our residential home for more money to fund our retirement and we can also voluntary downgrade our full time job to part-time or free lance for more free time or more non-monetized time to pursue other interests.

Downgrading = More money and/or more free (non-monetized) time!

Time is fairest of all. 

Everyone has just 24 hours no matters who you are! 

Hey! Not All Self-Employed (Own Boss) Can Suka Suka! (2) - Refresh!

What I learnt from my neighbour who is taxi uncle! Cannot suka suka don't drive! 

For example, self employed like home-based tutors can sing song and sip coconut juice on whichever day they wish; but rental-based tuition centre tutors have to work at least X or XX hours for "free" before they do same like home based tutors who can sing song and sip coconut juice.

Read? Hey! Not All Self-Employed (Own Boss) Can Suka Suka! (2)

The moral of the story ...

Nature of works made hell of difference!

Who Are The Sellers Of More Than 5% Yield Singtel??? (3)

Read? Who Are The Sellers Of More Than 5% Yield Singtel??? (2)

Near new 52WL and still there are shortists and BBs selling!

Not yet bottom out for Singtel???

Tuesday, 3 July 2018

Singtel, M1 and Starhub

Big Brother's turn to be hit harder before the whole telco sector gets better?

Monday, 2 July 2018

The Biggest Advantage Of Not Having Full-time Or Part-time Job Is NOT having limited annual leaves subjected to boss's approval

Read? Part-Time And Free Lance Jobs

If you think that 14 to 21 days of annual leaves are good enough to pursue your leisure, vacations or travels throughout your lifetime; by all mean you don't have to retire from your full-time job.

Why retire from full-time job?

More free time without having approval from bosses!

Primary reason. No?

STI technically enters into Correction phase at today's closing!

Saturday, 30 June 2018

Who Are The Sellers Of More Than 5% Yield Singtel??? (2)

Read? Who Are The Sellers Of More Than 5% Yield Singtel???

Singtel is also our local investment bloggers favorite yield stock too.

Big name!

Singapore Government did give Singaporean a tiny stake in asset ownership by giving large discount but now scared already and dare not do it anymore. During AFC, sitting on paper losses on this asset ownership from Government; so many Singaporean KPKB on their paper losses even though it is tiny stake at risks!

Time to join the Panadaol Party?

Uncle8888's way of simple TA to determine his own entry price.

This thing on TA is you see what you saw and I see what I saw!

Everyone is loser and winner in TA!

Friday, 29 June 2018

Invest CPFIS & SRS For Our Retirement

How often you hear about negative investment return?

Investing is not so easy even investing in CPFIS approved stocks.

STI is still above 3,000 and not even in bear market yet.

Thursday, 28 June 2018

Who Are The Sellers Of More Than 5% Yield Singtel???

Read? Singtel stock price movement since Oct 2004

A new 52WL at $3.08

Time to join the Panadol party?

This batch of BBs have lots of patience distributing Singtel to yield investors.

Learn The Greatest Kept Secret In Investing By Walter Schloss???

Read? Why We Invest The Way We Do?

Time for Bei Kambing to wake up!

Paying for subscription to read stock analysis to make buying and selling decision???

Tuesday, 26 June 2018

Chinese stocks enter bear market as trade war heats up

The benchmark Shanghai Composite slid into bear market territory on Tuesday, closing more than 20% below its recent high in January. The index fell 0.5% on the day.

Read? Chinese stocks enter bear market as trade war heats up

Which stock market will follow soon?

Running Faster Than The Bull And Over Run The Bull Years Ahead And Now Playing Catch Up With The Bear!

Read? Running Faster Than The Bear In The Stock Market

Hmm ...

Look like  Uncle8888 is running a different race!

Over run the Bull years ahead!

Playing catch up with the Bear

This Broker's report!

Monday, 25 June 2018

How To Make Money In The Stock Market? Factors needed to make money in the stock market

Walter Schloss

1. Price is the most important factor to use in relation to value.

2. Try to establish the value of the company. Remember that a share of stock represents a part of a business and is not just a piece of paper.

3. Use book value as a starting point to try and establish the value of the enterprise. Be sure that debt does not equal 100% of the equity. (Capital and surplus for the common stock).

4. Have patience. Stocks don’t go up immediately.

5. Don’t buy on tips or for a quick move. Let the professionals do that, if they can. Don’t sell on bad news.

6. Don’t be afraid to be a loner but be sure that you are correct in your judgement. You can’t be 100% certain by try to look for weaknesses in your thinking. Buy on a scale down and sell on a scale up.

7. Have the courage of your convictions once you have made a decision.

8. Have a philosophy of investment and try to follow it. The above is a way that I’ve found successful.

9. Don’t be in too much of a hurry to sell. If the stock reaches a price that you think is a fair one, then you can sell but often because a stock goes up 50%, people say sell it and button up your profit. Before selling try to reevaluate the company again and see where the stock sells in relation to its book value. Be aware of the level of the stock market. Are yields low and P/E rations high? Is the stock market historically high? Are people very optimistic? etc…

10. When buying a stock, I find it helpful to buy near the low of the past few years. A stock may go as high as 125 and then decline to 60 and you think it attractive. 3 years before the stock sold at 20, which shows that there is some vulnerability in it.

11. Try to buy assets at a discount than to buy earnings. Earnings can change dramatically in a short time. Usually assets change slowly. One has to know much more about a company if one buys earnings.

12. Listen to suggestions from people you respect. This doesn’t mean you have to accept them. Remember it’s your money and generally it is harder to keep money than to make it. Once you lose a lot of money it is hard to make it back.

13. Try not to let your emotions affect your judgment. Fear and greed are probably the worst emotions to have in connection with the purchase and sale of stocks.

14. Remember the work of compounding. For example, if you can make 12% a year and reinvest the money back, you will double your money in 6 years, taxes excluded. Remember the rule of 72. Your rate of return into 72 will tell you the number of years to double your money.

15. Prefer stocks over bonds. Bonds will limit your gains and inflation will reduce your purchasing power.

16. Be careful of leverage. It can go against you.

Schloss was a high school graduate who never graduated college, but learned from the best (Ben Graham) and all he did was implement Graham’s basic concepts over 5 decades and produced one of the greatest investment track records ever.

Sunday, 24 June 2018

Uncle Chua's School of Long-term Investing??? (2) Refresh

Read? Uncle Chua's School of Long-term Investing??? (2)

We have been reading on super huat retail investors in USA like Agnes Plumb, Margaret Dickson, Paul Navone, Ronald Read and Anne Scheiber.

How about Singapore's super huat retail investor?

Uncle Chua. 

Do you happen to know any other retail investors in Singapore who also super huat in their stock portfolio?

F&B workers in Singapore to be assessed if they can get on wage ladder

Kitchen helpers and other low-wage workers in the food and beverage (F&B) industry could be next in line for a basic wage and structured increases under the Progressive Wage Model (PWM).


These days; Uncle8888 is paying attention over low income news. :-)

But; what he has seen on the ground; F&B workers can easily lose their jobs and may be can also easily get replacement job.

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


One outlet closed shop this month now. 

They truly practice cut losses to stop bleeding more cash!

Now back to 16 outlets in 9 shopping malls; the same number when he started on Jan 2017. 

Can PWM really work in F&B when shops easily closed, open or re-opened under different brand or owner?

New hires will reset to lower pay?

Hmm ...

Low Return Is NOT Zero Return and Far Better Than Negative Return!

In our life-cycle of investing; we should be investing largely based on our needs and wants in respect of tight and discipline money management and estimated future cash flow to avoid liquidating any part of our investment portfolio to fund shortfall to meet future years of household expenses.

Low return is not ZERO return and it is far better than negative return when we are NOT in the position to inject monthly capital to our investment portfolio anymore.

We often hear bloggers in the investment blogosphere warning us about impact of future inflation eroding our cash. So what?

Uncle8888 has been living through years of inflation and same as generations before him. The generations before him have survived and so we will survive inflation too. But, we will NOT survive years of negative investment return and followed by years of partial cash draw-down to fund household expenses under negative investment return! 

Inflation may be painful; but negative return will kill us faster when we are not capable of any capital injection any more! Get it?

Saturday, 23 June 2018

The Impact On Investment Portfolio With Cash Draw-down Without Earned Income From Full Time Job

Revised method to track investment portfolio management and cash withdrawal to fund household expenses across future volatile market cycles without the support of earned income from full time job and finding how to survive future market cycles.

Friday, 22 June 2018

There were times that I wish I did not invest

Read? There were times that I wish I did not invest

My Singapore equity consisting of mainly blue chip stocks of the STI component stocks declined over the past weeks. As a whole, it declined 23.6% from my costs of purchases. Some stocks were bought as far back as in 2008.

I am of the opinion that to pick stocks for investments is harder with the volatility of stock markets. After buying them, I see them declining later.

Holding cash seems to be an option for now. If inflation is benign, then cash will not be eroded due to inflation. Sometimes one wonders whether it is far better to spend money than to invest and then see one’s investments losing values. That is the stage I am at. I have no confidence in investing right now.

In personal investment blogosphere; we need more hobbyist bloggers like him without any vested commercial interests.

Personal investing with our hard earned saving is tougher than we think after surfacing the cyber world coming across on daily tons of vested interests articles telling investing and trading is simple and easy. You just require their proven methods either FA, TA or FATA or HA

Thursday, 21 June 2018

Starhub Price Movement Since Oct 2004


What happening to Starhub?

Worse than 2008 GFC!!!

Temasek-linked firms lift dividends 40% to record S$9.3 billion

DBS accounts for almost half of total payout, Singtel S$2.8b and the rest S$2.2b


Uncle8888 sold way too early for Singtel, SATS and STE.

Cut losses for DBS during GFC! Hindsight still pain; but good investing lesson forward on how to mitigate emotional pain on psychology of money by exercising strict and tight money management and positioning sizing!

Losing smaller and losing bigger! Hell of difference in tahan!

Wednesday, 20 June 2018

Sector Rotation Pain : After O&G and Telcos. What Next???

Investing for dividend yield is painful!!!

Panadols may not be enough to ease the pain!

How possible for Keppel Corp and Sembcorp Ind to rise back to 2007 stock price?

Same now for M1, Starhub and Singtel!

How possible?

Why UOB, OCBC and DBS overshoot 2007 stock price?

Business diversification and regional?


Tuesday, 19 June 2018

Why Misers Still Give Away Their Money???

Read? Life is More than Compounding Money

Why misers still give away their money?

Hmm .. Why arh?

When we don't spend our money on ourselves or our loved ones before we die; someone else at somewhere will be there to happily spend on our behalf as our money cannot disappear by itself.

While Anne Scheiber gave $22 million away, she might have led a more fulfilled life by actually spending some of it on herself and others during her lifetime.    

Would you rather have $22 million at your death and have frugality be your God or would you rather enjoy your life, cultivate relationships while being generous in the present and have $5 million in the end? I’d rather have the latter.    

The sin of obsessive frugality is just as bad as the sin of greed. Both are sins of selfishness.    

Life is More than Compounding Money.  

Monday, 18 June 2018

Why Pursue Financial Freedom or FU Money? (5)

Read? Why Pursue Financial Freedom? (4)

Read? Do not organise work activities that eat into family time, Speaker Tan Chuan-Jin urges employers

"In the race of life, you can run it as a rat, and have a rat race, or you can run it in a way you so desire because there are things that are more important," he said, adding that while jobs can come and go, one's family "is all there is".

Sunday, 17 June 2018

Now I Have Seen The Tail End Of Compounding Interests Effect of 2.5% In CPFIS Without Any Dividends Re-invested

The tail end of compounding interests effect of 2.5% in CPFIS without re-investing of dividends into the stock market. The Turtle is slow but it is still moving forward one step at a time; and over the decades that slowness is nicely compensated without having future nightmares.

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