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, 13 December 2018

Warren Buffet Has Huge War Chest


In investing, you account size really matters - CW8888

When Warren Buffet decided to go into investing with partnership model; he already a millionaire!

What can we learn from Buffet on investing?




Tuesday, 11 December 2018

Long Term Investing Over Market Cycles Is Damn Hard!!!



You can see for yourself and then draw your conclusion.

Total losses (realized and unrealized) over past 19 years are bigger than his investing capital since 2000 i.e. there is no capital injection over past 19 years!

This investing capital is the bulk of his saving coming from 22 years of earned income from 1977 to 1999.

Investing is all about Game of capital, winning and losing!




Sunday, 9 December 2018

Workfare Transport Concession Card


Read? Workfare Payouts


Auntite8888 after receiving her monthly workfare payout from government; she recently also received her workfare transport concession card which helped her to save 15% or more off her public transport travel expenses. 

This concession card is a good interim card before she reached 60 years old to be eligible for PAssion Silver concession card.







My biggest mistake in not selling - Koon Yew Yin


Any big lesson for ikan bilis retail investors to learn from whale investor like Koon?


Read? The Effect of Market Timing And Time In The Market On Multibagger Stocks



Read? JAKS - My Most Expensive Mistake - Koon Yew Yin



Based on the above, the share price should go above the share placement price of Rm 1.40 when the 1,200 MW power plant is completed in 2020.

CW8888: Leverage is double edged sword. Bo Lampar retail like Uncle8888 won't touch leverage. He is very satisfied with his account size; no need to be biggerLeverage may be seen as Greed in disguise. No?


My wife started to accumulate more shares and we finally bought a total of about 160 million shares with margin financing. We bought too many shares with margin finance. Our average price should be about Rm 1.20 per share.

If you look at the price chart, you can see the price went up to Rm 1.85 in Feb 2018 and when I saw it started to drop, we started selling. I should have sold more to avoid force selling. It was my greed that I did not sell more shares.  

In fact, forced selling was a blessing in disguise for us.

We had to sell to meet margin calls. The more we sold the more the price would drop. Forced selling is a vicious cycle. (CW8888: Ownself kills ownself during forced selling)

We were fortunate introspectively to have sold a huge amount of our holdings at higher prices in comparation with the current price of 50 sen per share. We have completely sold all our holdings.

Based on our average selling price of 80 sen, our average purchase price of Rm 1.20 per share and our total holdings of 160 million shares, we have lost Rm 64 million. Coincidently this is the 64 million $ question many people have asked me.

This is my most expensive lesson in my life.


Read? My biggest mistake in not selling - Koon Yew Yin


As I said before, no share can go up or go down indefinitely for whatever reason. When it is up, you must sell some so that you have money to buy when it is down. My biggest mistake is that I fell in love with my shares so much that I did not sell when they were at their peak.

EGO: Ego is the root of my problem. I am so proud to have found shares that went up a few hundred per cent within a couple of years and if I sold them, I have less shares to boast.

GREED: Another problem I have is greed, which is one of the deadly sins. It can be a virtue or a vice. In the stock market, it encourages investors to work harder to find good stocks to buy and continue to buy but then we forget about selling. That is often one of my biggest mistakes.

From the several articles I have written and published, you would know that I have discovered Latitude, VS, Lii Hen and a few other stocks which have gone up a few hundred per cent in the last couple of years. But my big mistake is that I always find difficulty in selling. I fall in love with my discoveries and I did not sell more when their prices were peaking

Saturday, 8 December 2018

What Can Cause Porno Dividend Yield On Investment Cost???


Extraordinary corporation actions such as special dividend or capital reduction.

Are we able to predict, forecast or analyze such extraordinary corporation actions that will happen in the future?

No?

Then what?

It is luck factor!

Some investors have better luck than others!

Then how to be lucky?





Friday, 7 December 2018

Turning 55 - and enjoying financial freedom (9)


Read? Turning 55 - and enjoying financial freedom (8)

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


This morning, Uncle8888 withdrew $24K CPF OA+SA interests via PayNow and received the money almost immediately.


Sources of Cash In for 2019

SRS + CPF Interests (Tap 1) + 

Cash Dividends and divestment gains (Tap 3) + 

Extra side income (Mini Tap 4) from freelance B.M.W. activity roaming across the island of Singapore.


CPF Interests Withdrawal



1) Deducted interests from SA first i.e. Jan to Nov (11 months) is 1,529.77

2) Remaining balance deducted from OA i.e. $22.470.23



















Thursday, 6 December 2018

Is Investing About Financial Numbers, Ratios And Back Testing???


If you strongly believe in Method out of 3M's - Method, Mind and Money Management; then in today's advance technology in AI and Robotic investors; you are better able to go with AI and Robotic investors. 

You can't beat AI and Robots in analyzing financial numbers, ratios and back testing. They are emotionless and act purely on numbers!


Go with AI Robotic indexing and free you from analyzing too much!


The Effect of Market Timing And Time In The Market On Multibagger Stocks


Should we be good at market timing or take passive approach for Time in the market?

Practical and reality on the ground and forget about theories, can we really be good at BOTH market timing and time in the market to achieve optimum investment gains over our lifetime as retail investors?


These are what Uncle8888 has been seeing over the past years of holding stocks as Time in the market. He has no heart to kill the Geese who are laying Golden eggs to buy more new hens to get more decent eggs!
































Wednesday, 5 December 2018

How To Solve Income Inequality In Singapore???


Hmm ...

Each low income household to be given $30K grant by Government to build their investment portfolio.

Government will also set up Inequality Skill Future training courses to be conducted by Singapore's investment Gurus and Master Trainers to train and coach them. 

In 10 years; the income inequality gap in Singapore will be significantly narrow down.

$30K to $500K in 10 years!

Tuesday, 4 December 2018

Combination Of Rich And Poor


Cash Rich. Cash Poor

Asset Rich. Asset Poor

Time Rich. Time Poor.

If we retire or FIRE as Cash Rich, Asset Rich, and Time Rich will be the best!




Monday, 3 December 2018

When Can I Achieve Financial Independence, F.I.R.E or F.I.R.e???


It will depend on your size of capital injection into your investment portfolio. This is where most investment bloggers in Singapore don't stress it strongly enough!

Not sure. Why?


Read? Swimming, Tennis, and Investing/Trading Training Or Lessons. How do they advertise?


Read? Investing advice for 20 somethings - that's how I have done it too!



Trust but Verify - SMOL


One upon a time, one day Uncle8888 innocently and doubtfully asked this late millionaire "Guru" who has wonderful gave back plan to society to make 10,000 future millionaires through his investment training course at his blog's chatbox one simple Yes or No question. 

Did you become millionaire from your investment gains in the stock market or from your business? If yes, can show an audited statement of your investment gains?


Till his grave; he still haven't answer this simple Yes and No question.


Sunday, 2 December 2018

Our Stock Dividends Are Either Panadols Or Eggs


Our stock dividends as Panadols can slowly ease our heartache provided the stocks don't get suspended or delisted!

or 

Our stock dividends as Eggs;  but sometime we may be cornered into this dilemma of making hard decision - should we slaughter these Hens laying Eggs and replace them with new Hens and hopefully the new Eggs are fresher and bigger.

The problem is some retail have mistaken Panadols as Eggs. Alamak!

If we are lucky; we get ....














Walau. Cham liao!

Super lagi tough decision to make. To kill the Goose for meat to buy more Hens?








Too Many "Kind" Investment "GurU" giving back to the Society!!! (Refresh)


Real people. Real Lim kopi!

Friday, 20 July 2012

Read? Too Many "Kind" Investment "GurU" giving back to the Society!!!



Saturday, 1 December 2018

How Are You Doing In Your Investment Over The Last 19 Years?


















In investment de-compounding journey; once those investment gains had been spent on household living expenses; it will never be lost to Mr Bear! LOL!




Thursday, 29 November 2018

How Much Is Enough To Retire??? (3)



Read? How Much Is Enough To Retire??? (2)

CW8888: One method is to benchmark to current median gross income of $4,437 including employer CPF contribution and net take home pay is about $3K


For single $3K?

For couple $4.5K?

For retirees with fully paid residential home living at median income level in Singapore from their net worth's cash flow or investment income should be comfortable enough.

Okay right?



Read? Incomes in Singapore up, with median salary rising above S$4,400: MOM report




How Are You???


How are you?

Fine!

It is quite certain that there will be no follow up questions to "How are you?"


Next time you try answering : "I am not fine. I am dying!"

You will have a few more follow up questions! 100% sure!






Sturgeon's Law In Our Investing Journey


Read? The Art of the Good Life #50 : Sturgeon's Law

Sturgeon Law states that 90% of everything is crap, or rather “crud” if you prefer.

Hmm .. It seems to be true in Uncle8888's stock picking skills for his investment portfolio after 19 years from Jan 2000 to 29 Nov 2018.  90% of his stock pick are really crap!

Top 3 winners offset all the losers!

3 out of 56 stocks is about 5%. Simply 90% of all other stocks are just crap!

So he might be better off waiting 90% of his time to filter out that 10% at the next Bear market!

Less analyzing. More investing - CW8888




Tuesday, 27 November 2018

Swimming, Tennis, and Investing/Trading Training Or Lessons. How do they advertise?


Read? Self Taught or Attend "Koyok" Classes?

Read? The Forces Behind STI Blue Chips. You Know Them??? (2)


Uncle8888 sent all his three children for swimming lessons (classes) up to Gold level and his eldest son who was very keen in swimming up to life saving level and qualified to be Life Guard.

Uncle8888 himself attended tennis lessons.

He paid for all these training but the coaches never advertise that they will swim like Joseph Schooling and Uncle888 will play like a pro!

But; for investment training courses; "Gurus" can teach you to reach FI, FIRE or FIRe and then lives off investment income.

Did "Gurus" tell you that your desired level of investment income for FI, FIRE or FIRe will depend on your capability to inject the right size of your own capital into the market?

Investing is a Game of Capital and our account size really matters!

Look at those star bloggers who have impressed you with their six digits passive income.

(1) Do you think that they have injected six or seven digits own capital into the stock market from their hard earned saving from their day job or jobs to generate this level of investment income?

or (2) Do you think they have compounded from investment gains from their own capital base of just five or six digits or less?

Your answer is (1) or (2)?

In investing, our account size really matters! - CW8888








Sunday, 25 November 2018

Have We truly Understand How Inflation Affects Us And Our Retirement Planning?


Read? How Inflation Affects Your Cost of Living

When the Going Gets Expensive

It’s easy for most people to feel the effects of cost-of-living increases in their daily life. But rising prices hit the lower and middle classes especially hard. Higher food, gasoline and utility costs mean less money remains once these necessities are paid for, leaving little for savings or discretionary spending. To compensate for the rise in prices, consumers tend to buy less, switch to less-expensive substitutes or drive farther to find bargains.


Uncle8888 is still trying hard to understand how (1) past inflationary rate has actually affected his household living expenses as compared to theoretical extrapolation based on 2.5% yearly inflationary rate; and (2) future yearly 2.5% inflationary rate starting from 2019.















Saturday, 24 November 2018

Retirement Income for Life - From Model Into Two Years Of Execution


Sunday, 2 March 2014


Ring Fencing Retirement Life for Income model

It is too difficult to describe with words so Uncle8888 has uploaded as silent PowerPoint presentation for you to view by shifting left or right, shifting left or right again till you understand the silent slide content.


Read? Retirement Income for Life??? (13) - Sharing with PowerPoint


Two years into execution of this Three Taps solution model from 2017 to 2018 without the support of monthly recurring earned income from full-time job as employee since Oct 2016.


No partial asset draw-down from Tap 1 as Cash In exceeds Cash Out for 2017 and 2018 and as such Tap 1 is slightly strengthen for future years.






Read? Bulk of Tap 1 How I Accumulate $1M In CPF OA!

Grand old investor is still damn right!!!


Read? Grand old investor and gambler???



To him, you are either holding (investing) stocks for yield and over long run you won't lose money or you are gambling in stocks, Forex, Gold or Crude oil. When you gamble, you must know how to run fast; otherwise, you will get killed!


Now can include Bitcoin into the list of stocks, forex, gold or crude oil.





No Six Digit Number Of People Reading Books On Retirement Planning???




Thursday, 22 November 2018

Should our investing decisions be continuous struggle??? (2)


Read? Should our investing decisions be continuous struggle???

Read? Direct Hit On Our Face!


If we are lucky in our investing journey; after Point X we may not feel that investing is damn hard but not easy as there is no proven Method to do it consistently and rewarding year on year!

Never lose our capital is good enough!











Wednesday, 21 November 2018

Dow plunges more than 500 points, erases gain for 2018

The Dow Jones Industrial Average and S&P 500 fell sharply on Tuesday and turned negative for the year as a decline in Target shares pressured retailers, while some of the most popular tech shares dropped again.

The 30-stock Dow dropped 551.80 points to 24,465.64 and the S&P 500 plunged 1.8 percent to close at 2,641.89. The Dow and S&P 500 were up 1.2 percent and 0.6 percent, respectively, for 2018 entering Tuesday. Meanwhile, the Nasdaq Composite also dropped 1.7 percent to 6,908.82 but managed to hang on to a slight gain for 2018. Tuesday's declines come after the Dow dropped 395 points on Monday.

Stocks hit their lows of the day after Doubleline Capital founder Jeffrey Gundlach said stocks are still too expensive, adding there has not been a "panic low" yet. The Dow was down nearly 650 points at its session low, while the S&P 500 and Nasdaq had both dropped more than 2 percent.

Target fell 10.5 percent after reporting weaker-than-expected earnings for the previous quarter. The company also posted lighter-than-forecast same-store sales, which is a key metric for retailers.

The decline sent the SPDR S&P Retail ETF (XRT) down 3.4 percent. Kohl's, L Brands and Macy's — which are also in the XRT — fell 9.2 percent, 17.7 percent and 3.4 percent, respectively. Retail's steep decline comes ahead of the holiday shopping season, a critical period of the year for these companies.

Read? Dow plunges more than 500 points, erases gain for 2018

Tuesday, 20 November 2018

Direct Hit On Our Face!


Read? Investing Is So Damn Tough You Are Right


Why damn tough?

It is direct hit on our face and ego when stock price goes against us!

Index investing is softer hit on our face and our ego will not be hurt as it is NOT our fault! This is Mr Market's! No hard feeling! Hee hee!

Switch to index investing? :-)




FAANG bear market

Each of the five 'FAANG' stocks – Facebook, Amazon, Apple, Netflixand Google-parent Alphabet – slipped into a bear market during Monday trading. Wall Street defines a bear market as a fall of 20 percent or more from a stock's 52-week high.

Monday, 19 November 2018

What If We Have Slowly Lost Our Risk Appetite After Losing Recurring Income From Full-time Job


Read both blog posts and comments. Digest and understand.  Start thinking!

Rate of investment return, withdrawal rate, and sequence risk affecting future net worth. 

Read? Investing Meant Taking Risks


Read? Sources of income to pay for expenses

I belong to the second category and I have to rely on investments to help me. Ideally, investments should generate sufficient income to pay for your expenses and other spending. This is easier said than done. A lot of time, we have to use our capital to pay for our expenditures (especially during poor investment climate). This reduces our net worth over time.


The next question is where to park our money to achieve investment returns that are sufficient and safe for our investment capital. Well, this is the million-dollar question. One can write a book on investments and there are many books in the market. There are courses on investments that one can take too.


I have reached an age that I cannot afford to take major risk on investments. I have turned conservative and investment returns are moderate commensurate with less risk-taking. As for now, my investment return was about 2.0% in the year that is turning out to be a difficult year. This rate of return is hardly sufficient to cover total expenditures to-date.




Sunday, 18 November 2018

Where does the money come from??? (2)



Saturday, 7 July 2012

Read? Where does the money come from???


Most investors will love yield!

Most investors will want passive income stream!

Monthly passive income is the BEST!!!!

So what happen?

In some overseas property investment, investors are guaranteed rental income for three years.


Guaranteed for three years!!!!


But, where does the money come from???

Remember this Chinese's proverb

Yang mao chu zai yang sheng shang : Sheep's wool comes off the sheep's back.


Hmm .. now really happened in JB

A group of 116 people - mostly Singaporeans - who bought serviced apartments in a waterfront development at Johor's Puteri Harbour are claiming that they have had their fingers burnt in a buy-and-leaseback scheme.

They are accusing a company linked to the developer of giving "unreasonably and inconceivably negligible" rental returns after the first two years of guaranteed returns in a 10-year contract.

This began in March 2015 and they got at least five per cent a year. But when the guarantee period expired in February 2017, the returns plunged.

Mr Victor Ng, who had paid almost RM1 million (S$327,450) for a 1,178 sq ft apartment, said the rental returns fell to 0.57 per cent a year and losses were carried forward to be deducted from future profits.

"When I entered this deal, I wanted it to be safe. With the Somerset brand, at least the odds are not against me," the 47-year-old, who runs private investment consulting firm Saash Capital, told The Sunday Times.

The 204-unit development, sited in the massive Iskandar township and just 10 minutes from the first Legoland theme park in Asia, is called Somerset Puteri Harbour as it is managed and operated by The Ascott, which uses the brand name Somerset.

Like Mr Ng, several others were also drawn by the Somerset name and the fact that The Ascott is a unit of the giant property development company CapitaLand.

Last month, the group engaged a law firm in Malaysia to send a letter of demand to Clear Dynamic, the company with which they had entered the leaseback agreement.

Clear Dynamic is a wholly-owned subsidiary of Nusajaya Consolidated, which is the developer of Somerset Puteri Harbour and a joint venture between United Malayan Land and UEM Land.

The group wants Clear Dynamic to review its management agreement with The Ascott and, if necessary, "replace Ascott as the management body".

The buyers claimed their decision to enter the leaseback agreement was based on the developer's assurances that The Ascott could promote and market the property and deliver reasonable rental returns.

Clear Dynamic strongly denied the allegations, saying the leaseback agreement was entered on a "willing buyer and willing seller basis".

It also said it is bound by the terms of the management agreement and may not be able to terminate it unilaterally as "there is no default on Ascott's part".

When contacted, The Ascott said that under its contract with Clear Dynamic, it will manage and operate Somerset Puteri Harbour for the first 10 years, starting in March 2015.

Meanwhile, Clear Dynamic said it has "strictly complied with all the terms and conditions of the Leaseback Agreement and all owners have received the rate of rental in accordance with the agreed terms".

It added: "The guaranteed rental period is for the first two years, with the remaining eight years being non-guaranteed and dependent on market factors."

But the group crying foul said they expect a consistent minimum net return of 2.8 per cent per annum of their investments. "If they can't produce that, we might as well put our money as fixed deposits with the banks," said polytechnic lecturer Lim Poh Ghee, 58.

Mr Ng said the net rent, paid every two months, of a typical two-bedroom unit shrank from RM7,500 to RM2,000 right after the guaranteed period. "I then received a negative rent of RM1,800. This amount would be deducted from future profits," he added.

Mr Lim said a woman in their WhatsApp chat group said her bank has been calling her to ask for the mortgage payments of the flat.

Another man said he had borrowed money from his parents to invest in the unit."For me, I had used money meant for my children to buy the property."

Saturday, 17 November 2018

CPFIS Investment Statistics


Hmm .. more CPF members realized better don't play play with their CPF OA money may be after kena the last Bear market in 2008/2009???




GE was once America's most valuable company. Today it is fighting junk-bond status.

CW8888: Those days when Uncle8888 has just started working in 1977; many CEOs loved to quote GE as model to follow. 


General Electric stock has fallen to single digits and its investment grade bonds trade like high-yield debt, as the market bets it will continue to deteriorate and could end up with a junk rating.

GE was a negative factor in the sell off in both the investment grade and high yield bond markets this week, but strategists say it has its own issues and is not a signal of broader trouble in the corporate debt market.

GE's new CEO said he will move quickly to raise cash and make asset sales.

"When the market begins to price you to junk status, you have a very limited time to clear that up before you become junk," said one strategist.



Jeff Bezos to employees: 'One day, Amazon will fail' but our job is to delay it as long as possible

Amazon CEO Jeff Bezos told employees, in response to a question at an all-hands meeting last week, that the company is not "too big to fail."

Bezos was asked a similar question at an internal meeting in March about Amazon's size and the potential for government regulation.


Bezos is addressing the concerns as Amazon prepares to expand into two new headquarters locations in New York and Virginia.

Friday, 16 November 2018

'There are no poor soldiers, only poor leaders': SMRT chief Neo Kian Hong says staff engagement is key


Mr Neo, who sold his car and now takes public transport to understand issues that commuters face daily, said that their problems have become personal for him.

"I thought that it was important for me to experience the MRT for myself," he added. "When I sit in a room and I listen to briefings about maintenance problems ... and then I get feedback from commuters about ... the heat, the smell, I don't know what they are talking about.

"And then when I smell it, it's totally personal," he said.


Read more at https://www.channelnewsasia.com/news/singapore/smrt-neo-kian-hong-no-poor-soldiers-only-poor-leaders-10938510


Hmm ... SMRT CEO may need to encourage more regular commuters like Uncle8888 to feedback.

Uncle8888 took so many MRT trips until he could tell the difference and feedback.  :-)





























Thursday, 15 November 2018

What is good Financial Planning? (2)



Wednesday, 15 June 2011

Read? What is good Financial Planning?


Uncle8888 has been following the current hot debate on financial/retirement planning arising from this news article

SINGAPORE - New financial advisory firm MoneyOwl, as its name suggests, wants to help Singaporeans make wise financial decisions that include integrating schemes such as the Central Provident Fund (CPF).


Hmm .. so Uncle8888 has made wise financial decisions with his
Three Taps Solution model for sustainable retirement income for life! LOL!


The Golden Formula for a good financial planning


Good Financial Planning = Saving + Insurance + Investment

Tap 1 : Savings in CPF OA & Cash

Tap 2 : Self-insured medical and health care fund on top of Medishield Life. ( His last life insurance matured at age of 60 as planned donkey years ago in his 30s to retire from full-time employment latest by 60. Since he is no longer human asset generating income after 60 so there is no need to cover human liability with life insurance after 60)

Tap 3 : Investment




Read? Three Little Pigs Net Worth - Assets & Wolf



Many Years No Eat This Dried Chilli Prawn Mee


$4 Dry Chilli Prawn mee is quite different from other prawn mee



Wednesday, 14 November 2018

Leverage For Higher Income???


Asian Pay Television Trust

SGX: S7OU

0.16 SGD −0.16 (49.21%)


With this type of drop of 49% in one day; how does margin calls work for this scenario?

Forced selling?





Tuesday, 13 November 2018

You think it is so easy to retire early??? (Refresh)


Read? You think it is so easy to retire early???


For those joining FIRE movement.

Something for you to think beyond FIRE!

Real people. Real misFIRE!









Monday, 12 November 2018

He Doesn't Want To Retire


Real Person. Real ex-colleague!

He was on his annual leave; but he still went back to office to "tidy" up his desk except that he was wearing casually since he was officially on annual leave and not working.

He loves his job so much???

You can guess why he doesn't want to retire!




Just Spend Below Our Means During Our Wealth Accumulation Phase We Should Be Financially Secured (2)


Read? Just Spend Below Our Means During Our Wealth Accumulation Phase We Should Be Financially Secured
























Next, based on his 15 years of real savings at Dec 2016, Uncle8888 will do simplified version of retirement planning for his retirement income starting from 2017 (age 61) under portfolio return and its associated withdrawal rate and period.


Assuming yearly inflation rate is at 2.5%


A) 3% Yield, 5% Withdrawal rate, 21 years @ 81


B) 4% Yield, 6% Withdrawal rate, 19 years @ 79


C) 5% Yield, 7% Withdrawal rate, 18 years @ 78



Option A can be achieved by index investing e.g. STI ETF.

He can afford to retire simply as local and JB tourist with his monthly Senior citizen Silver concession pass.




Sunday, 11 November 2018

Just Spend Below Our Means During Our Wealth Accumulation Phase We Should Be Financially Secured


Since Jan 2002; Uncle8888 has been downloading his bank monthly statement and tracked them diligently till now.


Monthly




















Yearly
















A real life example of single household income earner since 1995 who has supported a family of 5 members including expenses for his three children's university study.

(1) Total earned income after tax from his full-time job as employee from Jan 2002 to Sep 2016

(2) Total mandatory CPF contributions from Jan 2002 to Sep 2016

(3) Total earned income after tax and CPF from Jan 2002 to Sep 2016

(4) Total household expenses from Jan 2002 to Dec 2016








Saturday, 10 November 2018

The Next Market Cycle Of Bear To Bull To Prove My Investing Strategy Right Or Wrong!


Read the Past and Forecast the Future!

Let see whether the next Great SGX Sales is worth more than 10 years of rotting cash waiting for it to happen. 

Super long wait!

Super test of endurance and patience in receiving low return from war chest!







STI Compounded Return From 1996 to 2017































Thursday, 8 November 2018

Advising Or Teaching Financial or Investing Is A Different Animal Who Doesn't Putting Bulk Of Their Net Worth Into It


Read? Why your Financial Adviser Might be Right to Have Most of Her Net Worth in Real Estate


More than a decade ago; this direct question has been asked ...

Read? SMOL: Trust But Verify???

Do you have more than 70% of your skin in it or just token sum to show show?



Wednesday, 7 November 2018

Clearing debts early for a "Peace of Mind" is Overrated - Here's why???

That peace of mind will happen in late 40s or 50s when rumours start flying around that retrenchment exercise is coming - CW8888


Uncle8888 has lived long enough to meet real people who have been retrenched in their late 40s and 50s.

Their difference when they are retrenched:

Worry less or worry more

Concern less or concern more

Peace of mind or Troubled mind

Read? Key word Retrenched


Huge difference between "Having debts" and "Having debts on negative net worth"

Having debts doesn't means negative net worth. Know the difference!

Having debts on negative net worth is potentially troubled mind when you are retrenched in your late 40s or 50s. OMG! I am retrenched!










Another form of retirement planning for Singaporeans and PRs - 3 or more Taps Solution model



SG Physiotherapist6 November 2018 at 17:48:00 GMT+8

Hi there,

May I know which author’s form of retirement planning/ drawdown do you subscribe to?

ReplyDelete


Uncle8888 happened to see these :






Let us see for ourselves the comparison table :

Uncle8888's Three Taps Solution model for sustainable retirement income for life 


Tuesday, 6 November 2018

Surprise To See So Many Chickens In HDB Heartland


Top Senior Citizen Using Public Transport On PAssion Silver Concession Card (2)


One Indian ex-colleague asked what is the news about Uncle8888 when one of them posted in the chat group.





















Uncle888 tried his hand at translating this news. Pardon from any errors in translation. :-)

Bought monthly pass.  Within two months completed walking around the coast of the island

Uncle cleverly used public transport concession to walk around the coast of the island and only spent $120


Active uncle cleverly used public transport concession and less than two months only spent $120 to complete walking around the coast of the island!

Once he read about the news that in Taiwan one retiree cycled around the coast of Taiwan. Freelance delivery agent, Jacob Ng (62) got that inspiration, two years ago at his 60th birthday, he started to use senior citizen concession card and bought $60 monthly pass, the next day started  (planned) "round the coast tour".

Jacob said : "I often go for overseas tour; but never really tour much in Singapore; might as well make use of this opportunity (in retirement) to do round the coast of island walking trail.

His first stop was at Punggol by following the walking path along the coast of Punggol. When it was getting too dark or it was going to rain; he would stop his walking trail and took MRT and bus back home. The next day; he would resume his walking trail from the last stop point.


By MRT, bus and walk; Jacob spent about two months to complete round the coast of island walking trail. But, because he couldn't really "rest" his feet; he continued to jog the Park Connectors after that.

Last January; he took up freelance delivery job. He took MRT and bus to deliver documents.

He worked about 6 hours daily, one day taking about 15 trips of MRT and bus; because of purchasing monthly pass he has unlimited travel on public transport.

With PAssion Silver concession card; he also shopped at Cold Storage to accumulate points.

Jacob said : " I feel that this card is very good to use and the monthly pass gave him the push (incentive or NO transport cost restriction) to move around and by moving around a lots is also a form of walking exercise.

Due to heavy usage of PAssion Silver concession pass; this morning he received Goodie Bag at Tampines North CC PA event from Guest of Honour, MP Baey Yam Keng, Senior Parliamentary Secretary Ministry of Transport, Culture, Community and Youth.

Another recipient, Chua (65, retiree) also received the Goodie Bag. He said : " I everyday took about 6 MRT and bus trips to walk around and to meet friends. Because I bought the monthy pass; I saved some money on transport. cost As retiree; can save, better save!










Monday, 5 November 2018

Investing vs Trading (6) - Frequency and level of Risk Taking (Refresh)


Read? Investing vs Trading (6) - Frequency and level of Risk Taking


Top Senior Citizen Using Public Transport On PAssion Silver Concession Card


Thursday, 15 September 2016

Read? Unlimited Tavel on MRT & Buses in Singapore and SBS 170 to JB as senior citizen!

Read? Walk One Round The Coastal Singapore And Jog All PCNs of Singapore


Two years later; Uncle8888 totally unexpectedly was recognized by LTA for becoming the top senior citizen using public transport on PAssion Silver concession via $60 unlimited monthly pass. 

Yesterday he received Goodie bag as appreciation for using public trasnport from MP Baey Yam Keng, Senior Parliamentary Secretary for Transport.







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