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 and Gifts for your loved ones!

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

Get your Hampers, Hand Bouquets, Baby Showers here!

Simply with no high rental overheads, we pass the cost saving back to you!

We offer a varied selection of Corsages, Boutonniere, Gift of Flowers, Hampers, Hand Bouquets, Baby Showers

We also do flower/fruit arrangements in baskets, along with other items that customers bring in. We charge from S$15 onwards for that.

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Click here and then scroll down to view more hampers ...

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When you have made more and more money from the stock market, please remember to send beautiful gifts to your beloved ones.

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

Monday, 25 May 2015

SuperFriends Get-Together @ Beng Hiang. That was history!

Last Sunday, Uncle8888 was there for his family dinner before it closes down and shifts to Jurong East.

This is the restaurant where his group of SuperFriends (his investing kakis but many of them have quietly disappeared) had their gathering so it is something worth his last visit.

He also saw many families bringing their old folks there for their dinner. Probably, these old folks are saying good-bye too.

Note that it was started in 1978, Beng Hiang Restaurant has since established itself as one of the best Hokkien restaurants in Singapore.

Sunday, 24 May 2015

Put More into Building Wealth Early, then divert Income to More Spending for Higher Income Couples

Read? Put More into Building Wealth Early, then divert Income to More Spending for Higher Income Couples

.... I got triggered by someone exploring the possibilities of front loading their wealth building, such that after a certain age, they can stop putting money towards wealth building, yet have enough to retire at the age of 65 years old.

Uncle8888 fully agreed with the above as he has achieved it.

On his human asset ...

On his Financial Assets ...

Since Jan 2000, Uncle8888 didn't put in a single cent into his investment portfolio as he believe he has enough war chest for his investment portfolio. More importantly, he has to mitigate the Risk Of Liquidity Needs and recognizing the effect of his depreciating human asset. At anytime, he might be retrenched in the next economic crisis so he has to build up his emergency fund in term of X years and not the typical 6 to 12 months. An old human asset is extremely difficult to get another job. It may take years to do it!

Read more on risks?  Your Personal Finance and Investment - Three Risks That Are Seldom Actively Discussed by Personal Finance and Investment Bloggers

May be some financial and investment bloggers became more successful with their investment portfolio due to this front loading effect? 

In investing, our account size really matters - CW8888

May be the truth is due to this front loading effect?

Read about? Embracing Three Taps Solutions to Retirement Income For Life Model

Saturday, 23 May 2015

Your Personal Finance and Investment - Three Risks That Are Seldom Actively Discussed by Personal Finance and Investment Bloggers

The three risks that we should be thinking very hard when are investing over decades in the stock market:

1. Risk Of Large losses

Once we have locked in large negative losses it is very difficult to recover as most of us may have limited saving to keep adding bullets into our war chest to continue with the Game. So we must think very hard why Mr. Market is wrong and we are RIGHT before we keep averaging down on losses.

2. Risk Of Liquidity Needs

We must think hard and think years ahead on how to meet our future liquidity needs over 5 - 7 years of market cycles; but can be unexpectedly longer. 

We must avoid having to sell our assets at market low to meet our large liquidity needs and locked in large negative losses as in Point 1. 

By selling our valuable assets at market low and locking in large negative losses at the same time; we can say bye bye to our investing goals.

Think way ahead how to meet your liquidity needs; especially the larger ones.


"Do or Do not. There is no try

3. Risk Of Inflation over decades when inflation outlives our life

FIRE - The new word in personal finance and investment dictionary.

Financial Independence, Retire Early

When your passive income exceeds your living expenses is FIRE!

Now you can voluntarily fire your  job and your boss when you have enough FU$ or No Thanks$ to walk away from those "nonsenses" from you bosses. Enough is enough!

Sure or not when you are in your late 30s or early 40s?

You have decades of inflation ahead of your life.

When your passive income exceeds your living expenses is FIRE. 

Chun bo?

How financially educated are you with inflation?

Read? Reaching the Edge of Financial Independence. Next, watch your Beta closely! (2)-of-financial-independence.html

Read closely. Uncle8888 has chosen the word - Edge. No bom pi pi! Just Edge nia.

In the Land of FIRE; we still have to fight off the Dragon of Inflation to generate sustainable retirement income for life. 

Can our passive income (or cash flow) grows every year over decades to keep up with inflation? 

How to know?

One way is to simulate it.

Read? Retirement Income for Life??? (14)


Friday, 22 May 2015


Financial Independence, Retire Early

Why not?

 Financial Independence, Relax Early

Can be relax in your time?

Can be relax in your spending?

Can be relax in your job?

Can be relax in saving for your future? Still need to save so hard for future meh?

Under half an hour - Wipe out!!!

Mr. Market never give chance or early warning!

Do we still want to bet most of our net worth with Mr. Market when we retire?


Thursday, 21 May 2015

Keppel Infrastructure Trust raises S$525 million in Singapore’s largest equity deal this year

Keppel Infrastructure Fund Management, the Trustee-Manager of Keppel Infrastructure Trust (KIT) (formerly known as CitySpring Infrastructure Trust) is pleased to announce that it has raised S$525 million through a private placement and preferential offering to be conducted to finance the acquisition of a 51% stake in Keppel Merlimau Cogen Pte Ltd.

The private placement issue price has been fixed at S$0.52 per Placement Unit, being a discount of 6.15% to the adjusted volume-weighted average price(1), which excludes the special distribution of 1.05 cents per unit and the pre-equity fund raising stub distribution of 0.11 cents per unit, for which the private placement units are not eligible.

To reward existing unitholders and enable them to participate in the future growth of the trust, KIT will conduct a non-renounceable preferential offering under which existing unitholders will be entitled to subscribe to 1 new unit for every 13 units owned as at 28 May 2015 at 5.00 pm at a preferential offering price of S$0.515 per unit, which is at a discount to the private placement price.

This equity deal is the largest to date in Singapore and represents approximately 36% of KIT's outstanding units before the equity fund raising exercise.

The private placement attracted strong institutional interest from new and existing investors, and was more than 2 times subscribed. Long only institutional and corporate investors were allocated approximately 75% of the private placement.

Mr Khor Un-Hun, CEO of Keppel Infrastructure Fund Management, the Trustee-Manager of KIT, said, "We are deeply encouraged by the strong investor interest in our equity fund raising. The increase in free float and institutional unitholder base will help KIT enhance the liquidity of its units and its ability to raise additional capital to finance future growth opportunities."

(1) Being the price of all trades on SGX-ST for the full market day on 19 May 2015 and on 20 May 2015 up until 9.33 am when it was halted for trading
- END -

Top Up CPF SA From CPF OA? Depending On Who You Ask! (3)

 Read? Top Up CPF SA From CPF OA? Depending On Who You Ask! (2)

Never assume you are NOT the next financial and investment blogger who can show others how you did in your own WAY.

When you are in 20s and 30s; why do you need to hurry for locking up your own money in CPF SA to earn that extra 1.5% compounding interests till the next retirement age 69 or 7x?

You don't know how to invest now. But, are you so sure you are NOT going to learn and excel in your investing skills in the next 20 to 30 years?

You may even do better than Uncle8888. Why not?

You are much younger than him. You have started wise in your investing journey with so many free financial education in the cyber world!

Wednesday, 20 May 2015

Top Up CPF SA From CPF OA? Depending On Who You Ask! (2)

Read? Top Up CPF SA From CPF OA? Depending On Who You Ask!

Never assume you are NOT the next financial and investment blogger who can show others how you did in your own WAY.

When you are in 20s and 30s; why do you need to hurry for locking up your own money in CPF SA to earn that extra 1.5% compounding interests till the next retirement age 69 or 7x?

You don't know how to invest now. But, are you so sure you are NOT going to learn and excel in your investing skills in the next 20 to 30 years?

If you are so sure; then you go and transfer now!

Tuesday, 19 May 2015

Keppel Infrastructure Trust begins trading after CitySpring merger

It’s the largest infrastructure-focused business trust.
Keppel Infrastructure Trust (KIT) commenced trading on the Singapore Exchange today after completing its merger with CitySpring Infrastructure Trust.

CitySpring Infrastructure Trust announced yesterday that it has completed its acquisition of three of KIT’s assets, namelySenoko Waste-to-Energy (WTE) Plant, Keppel Seghers Tuas WTE Plant and Keppel Seghers NEWater Plant.

“With the injection of these three assets into its portfolio, the enlarged KIT is the largest Singapore infrastructure-focused business trust, listed on the Singapore Exchange,” KIT stated.

KIT will also undertake its approved acquisition of Keppel Merlimau Cogen Plant (KMC), an operating top tier 1,300 MW gas-fired power plant in Singapore.

After the KMC acquisition, which is expected to be completed by 3Q 2015, KIT will have an expected total asset size of over S$4 billion.

The merger was first revealed in November last year. Keppel Corp is the largest unitholder with 22.9% ownership in the trust, while Temasek is the second-largest unitholder with 19.97% ownership in the trust. 

Monday, 18 May 2015

My Dividend Machine: Powerful, Power-less, and Broken!!!

Nothing is certain in the stock market including dividends.

My Dividend Machine: Powerful, Power-less, and Broken too!

Sunday, 17 May 2015

Should you buy bonds?

Sundaytimes, 17 May 2015

If you are reaching 55 soon or already 55 and above, your CPF is better than any bonds.

Being Frugal???

British Dictionary definitions for frugal




1. practising economy; living without waste; thrifty

2. not costly; meagre

Sometime, Uncle8888 seriously don't understand the few bloggers who are constantly preaching on this topic: Being frugal to become more wealthy; you are on your way to your financial independence.

One of those few quoted examples is this one.

Drinking coffee/tea during tea-breaks if your office have formal or informal tea-breaks.

Drinking free 3-in-1 or 2-in-1 coffee/tea from your office pantry is being frugal and help to save more money to become more wealthy.
Uncle8888 rarely drinks his free 2-in-1 coffee from his office pantry. He walks out of the building to the coffee shop to drink his kopi-O siew dai. 

So his monthly cost for two kopi-o sessions per working day is about $40.

By not saving $40 more per month; he is not being frugal?

So what is being fugal?

living without waste

Is drinking kopi-o at coffeshop is living WITH waste?


Being frugal or Overly obsessed with saving?


For Most Of Us, The Sad Truth About Our Human Asset And Why We Need To Think About It???

The Sad Truth of Uncle8888's Human Asset when he finally awaken and knowledge it in his 40s; but luckily it was not too late for him.

The Way of Human Asset  ...

The Way of Financial Assets  ...

Supported or supplemented by The Way Of Financial Assets - Let his money works harder for him to offset or supplement the weakening power of his human asset.

Read? Embracing Three Taps Solutions to Retirement Income For Life Model

When Will You Sell Your Kep Corp???

Someone asked him ... "When will you sell your Kep Corp?"

He will definitely sell those positions that are supposed to be sold; but he didn't like the idea of cutting losses to add more cash to his growing War Chest.

His idea about cash may not be commonly understood by some retail investors. 

Why cheer yourself over a bigger war chest when you are already struggling with lack of buying ideas?

Can we ever recover by cutting losses into cold hard cash by locking in negative return?

Remember, the stock market is unpredictable. Salted fishes can come back alive. It not just happen; but it keeps happening many times!


There will be right time at your own time to cut losses and switch horses as we don't need to win back the same way as we have lost them.

Now, look at the chart. You can suggest or hint to him when is the right price to sell all?

NTA (Net Tangible Asset) at 31 Mar 15 is $5.92

Total dividends received for FY 14 is $0.12 + $0.36 = $0.48

Saturday, 16 May 2015

Why Does One Need To Invest Become More Wealthy When One Has So Little Wants???

Are we investing to become wealthy to enjoy better life 


Are we so obsessed with making more and more money?

Great investor's only regret!

“My only regret in life is that I did not drink more champagne.”John Maynard Keynes





Friday, 15 May 2015

Bond Vs. Stock??? (2)

Read? Bond Vs. Stock???

For some of us, ANOTHER 7 years just to collect 26% return ON capital is a long time in the stock market. 


You can see for yourself!

The last Bear ended in Mar 2009.That is about 6 years ago.

Thursday, 14 May 2015

Bond Vs. Stock???

Must know the difference!

Bond: Becoming lender. Collect interests and return OF capital.

Stock: Becoming investor. Collect dividends and return ON capital; but can be negative return!



The power of polite "F-You" money

.. being financially independent didn't change how valuable he was to the company ....

Read? The power of polite "F-You" money (self.financialindependence)

Wednesday, 13 May 2015

When WILL Someone Become So SERIOUSLY Interested In His or Her Own Personal Finance???

One night ....  OR 


We need a very strong trigger to jolt us out to take it so seriously. It is hard to do it just by hearing or reading; otherwise most if not all children can be taught to listen to their parents. Singles will get married after so many Chinese New Year days relative gathering!

Read? Education - Trading - Mind Flip

Does investing in the stock market made us investors?

What do you think?

Tuesday, 12 May 2015

Till His Death Still No Answer From Him???

One late "Guru" whom Uncle8888 loved to poke him at his blog and chat box whenever there was an opportunity to poke him. 

Many of us were there when he first got started in the stock market; so we were not that stupid not to know how to guess his portfolio performance.

"Where did you actually made your millions?"

From the stock market or your businesses?

Monday, 11 May 2015

Does Investing Young In The Market Made Us Investors???

Ask those old folks in their late 50s and early 60s; did they started investing when they were young in their 20s and 30s?

Read? Chop Fingers liao!!!

Read? Six Zero Beggars???

Read? Does Experience With Past Market Cycles Made Us Wiser and Profitable???

Read? Confession of old timer in the market!

Now, who are not interested in investing?

Read?  Investing CPF funds to provide adequate retirement funding???

We Only Have This Personal Financial Problem To Solve???

We only have THIS personal financial problem to solve to become educated in personal finance.

Once this problem is solved or will be resolved we are personal finance educated. No?

What is this personal financial problem?

When we need the money for whatever reason, we don't have it NOW!

So how to solve it?

Think saving, insurance, and investing; but don't think of charity or help from friends or relatives.

Think how to get it NOW when we need it.



Sunday, 10 May 2015

Major STI market cycles - Horrible Bears and Beautiful Bulls! (Re-posting)

In 01 Aug 2009, Uncle88888 said ....

I have never invested in any oversea market before, and also unlikely in the future as I don't believe that with my limited investing capital, SG market cannot provide enough opportunity for me to make decent returns.
There is no need to look so far away when the pot of gold is just in our own backyard. So I have escaped the CLOB saga, but my father-in-law and brothers-in-law were all badly burnt.

Read? Major STI market cycles - Horrible Bears and Beautiful Bulls!

And reach the edge of financial independence with just only stocks in Singapore Stock Exchange ...

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


Patience In The Stock Market??? (3)

Read? Patience In The Stock Market??? (2)

Uncle8888's patience in the stock market cuts both way. His attitude towards losses is very different from commonly known or practiced concept.

He is very patient with both winners and losers. He doesn't have Stop-losses. He still believe in salted fishes becoming alive one day.

How to treat losses and move on without carrying the sampan all the time?

If really salted, he will write down the losses to ZERO stock value and move on. These losses are NON-CASH items and only impact his portfolio performance measurement when he still have big war chest. But; when his war chest is very low or empty then it is different ball game; he will need to raise cash. 

He will cut these zeroed stocks and still "profitable". LOL!

Read? Who is the Other Twin Sister of Stop-loss who is not commonly known???

"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

What is the cost of his attitude?

When he is deadly wrong, his maximum loss is 100%; but when he is seriously right; his win is N x 100% and still counting

So what is wrong with his attitude?

Saturday, 9 May 2015

Patience In The Stock Market??? (2)

 Read? Patience In The Stock Market???

In personal investing in the stock market over our lifetime i.e. decades of LONG RUN investing; we require more than just patience. We only answer to ourselves.

So what is our altitude towards the (1) FEELING OF HAVE BEEN WRONG AND (2) FACING LOSSES.

ANY WRONG = Permanent WRONG?


Go Mount Faber to think about it?

Friday, 8 May 2015

SembCorp Ind: No Dramatic Selling like OSIM???

Patience In The Stock Market???

A Quarter in a Year is not same as a Quarter in a Decade. But, you say that you have patience?

Really arh?

Thursday, 7 May 2015

Think long-term - business must build a growth, not just a yield, market

Sembcorp 1Q2015 Net Profit at S$142.2 Million

1Q2015 Highlights

• Group net profit at S$142.2 million amid challenging market conditions
• Utilities’ operations overseas continued to perform well
• Commenced operation for the first of two units of the 1,320-megawatt TPCIL power plant in India

Sembcorp Industries (Sembcorp) posted a net profit of S$142.2 million and a turnover of S$2.3 billion for the first quarter of 2015 (1Q2015) compared to S$184.8 million and S$2.6 billion in 1Q2014 respectively.

The Utilities and Marine businesses continued to be the main profit contributors of the Group, accounting for 97% of Group net profit in 1Q2015. In 1Q2015, the Utilities business contributed S$74.5 million in net profit to the Group compared to S$91.6 million in 1Q2014. Performance of the Utilities business was impacted by continued intense competition in the Singapore power market. Its operations overseas continued to perform well. During the quarter, the first of two units of the 1,320-megawatt TPCIL power plant in India commenced operation. Meanwhile, the Marine business contributed a net profit of S$64.7 million compared to S$74.3 million in 1Q2014 mainly due to lower rig building and repair earnings. The

Urban Development business recorded a net profit of S$1.1 million in the quarter compared to S$19.5 million in 1Q2014.

Return on equity (annualised) for the Group was 9.7% and earnings per share amounted to 7.8 cents. Cash and cash equivalents stood at S$1.6 billion.

Tang Kin Fei, Group President & CEO of Sembcorp Industries, said, “Amidst the challenging environment for our Singapore energy operations and Marine business, we continue to focus on project execution, as well as on enhancing operational excellence and efficiency, to manage our costs and maximise earnings.

Underpinned by sound business fundamentals and a healthy pipeline of projects, Sembcorp remains committed to delivering long-term value and growth.”

FY2015 Outlook

2015 is expected to be challenging for the Singapore energy business with continued intense competition in the power market as well as low oil prices
. The overseas business is expected to continue to deliver a steady performance. During the quarter, the first unit of TPCIL power plant in India commenced operation, and the plant will be in full operation by the end of 2015.


The ongoing cutback in global exploration and production expenditure has resulted in the scarcity of new orders for the industry this year. Competition for new projects remains intense. The Marine business expects to face a challenging year ahead.

Meanwhile, Brazil’s oil and gas industry continues to be mired in uncertainty. The Marine business continues to engage with customers to find the best way forward for the drillship projects and is exploring all options including slowing down the construction.

The Marine business’ net orderbook to-date stands at S$10.6 billion with deliveries stretching into 2019.

Urban Development

In 2015, the Urban Development business is expected to deliver a performance comparable to 2014.


Despite the challenges of a low oil price environment and a mixed global economic outlook for 2015, the Group, underpinned by sound business fundamentals and a healthy pipeline of projects, remains committed to delivering long-term value and growth.

The Group remains focused on project execution, as well as on enhancing operational excellence and efficiency, to manage costs and maximise earnings.

Summary of Sembcorp’s 1Q2015 Financial Results

• Turnover at S$2.3 billion, down 11%
• Profit from Operations at S$253.7 million, down 16%
Net Profit at S$142.2 million, down 23%
• EPS at 7.8 cents
• ROE (annualised) at 9.7%

Subsequent Events

• On April 16, 2015, the Group’s wholly-owned UK subsidiary, Sembcorp Holdings Limited, has completed the sale of its 100% stake in Sembcorp Bournemouth Water Investment (SBWI) to the Pennon group PLC (Pennon) for an enterprise value of £191.5 million (approximately S$393 million), with cash proceeds from the sale of £104.5 million (approximately S$214 million).

• On April 24, 2015, the Group’s wholly-owned subsidiary, Sembcorp Utilities, has received the Notice of Award to develop and operate a 225-megawatt gas-fired power plant in central Myanmar by Myanma Electric Power Enterprise (MEPE), a division under the Ministry of Electric Power of Myanmar (MOEP). The total project investment of approximately US$300 million (approximately S$418 million) is expected to be funded through a mix of limited recourse project financing and equity. Financial close of the project is expected in the second half of 2015.

• On April 30, 2015, the Group’s wholly-owned subsidiary, Sembcorp Properties, through its wholly-owned subsidiary, Riverside Quay, has acquired a 5.66-hectare mixed-use site through a public land auction in the Sino-Singapore Nanjing Eco Hi-tech Island (SNEI) in Jiangsu province. Sembcorp Properties will build and operate the industrial office, which integrates technology and innovative R&D, engineering and commercial initiatives for the water industry.

- END -

KIT: Donkey years in the underwater world!!!

CAGR Dividend Yield @ 6.1% or 34% over 5 years. Dividend in specie valued at $1.15

Today at historical high. A moment of happiness!

When We Are About To Die???

Probably, we wish that we could have spend a little more or save a little harder. No?

Tuesday, 5 May 2015

Noble Group reports Q1 net profit of US$106.6m

SINGAPORE: Singapore-listed Noble Group on Tuesday (May 5) reported a first-quarter net profit of US$106.6 million (S$142 million), turning around from a loss of US$240 million in the previous three months.

It also said its revolving credit facility has received full commitments for the targeted US$2.25 billion, in a sign that bankers have kept faith with the firm despite recent allegations about its accounting practice.

Hong Kong-based Noble, which is one of Asia's largest commodities firm, said profit for the three months ended March was driven by "encouraging performances" from the oil liquids and metals businesses, while operations more exposed to the slowdown in the Chinese economy managed to put in "credible performances".

The group had reported a net loss for the last quarter of 2014 after making some US$400 million in writedowns and other charges.

Noble's net profit for the first three months of 2015 was, however, 30 per cent lower when compared to the same period a year ago, while revenues for the quarter fell 7 per cent from a year ago to US$16.6 billion.

Noble's share price has fallen by around 22 per cent since the start of the year, as entities such as Iceberg Research and US short-seller Muddy Waters questioned the firm's accounts.

The group has denied the claims, and recently initiated legal action against a former employee it accused of being behind Iceberg.
Noble shares rose 4.1 per cent on Tuesday ahead of its results, which were announced after the market closed.  

Ophir Energy plc appoints Golar as Midstream Partner for Fortuna FLNG Project in Equatorial Guinea

Golar LNG ("Golar") announced today that it has signed a binding Heads of Terms with Ophir Energy Plc ("Ophir") for the provision of the GoFLNG vessel Gimi. The Heads of Terms has been approved by Ophir's Equatorial Guinea, Block-R upstream partner GEPetrol, and will be formally ratified by GEPetrol next week. 
The agreement will be structured as a 20-year tolling contract, commencing commercial operations in the first half of 2019. Block R's 2.5 tcf of high purity 2P gas resources, situated in an area of benign sea states, are ideally suited for the application of Golar's GoFLNG technology. 

GoFLNG offers a technically and commercially robust approach to developing Block R reserves, with a competitive tariff directly comparable to the USA Gulf of Mexico brown field LNG projects currently under construction. Ophir and GEPetrol's selection of Golar to provide the Gimi, is further evidence of the technical and commercial competitiveness of GoFLNG, and the attractions of a short lead-time and lower risk implementation.

Golar with its partners Keppel Shipyard and Black and Veatch committed to the Gimi FLNG conversion in December 2014. Gimi will benefit from utilising the same configuration of utilities and liquefaction facilities as its sister ship Hilli, with variations to accommodate production direct from the deep-water reservoir.

At full production the vessel will have a contracted capacity of 2.2 mtpa of LNG, to be marketed by Ophir and GEPetrol. The project is expected to deliver an EBITDA for Golar in the first full year of operation in the region of $350M. The additional earnings associated with the vessel variations to accommodate deep water production have not been included in this estimate as the contracting strategy for this additional scope has not been finalised. Gimi will be Golar's second GoFLNG vessel following Hilli, which is scheduled to commence commercial operations in Cameroon during the first half of 2017.

The integrated Ophir/GEPetrol/Golar project is expected to take FID during the first half of 2016 following completion of the upstream FEED study.  The short lead-time between signing of the Heads of Terms, and the scheduled commencement of commercial operations once again demonstrates the unprecedented pace possible for GoFLNG projects.

Golar's CEO Gary Smith commented "Golar is delighted to have secured a contract for our second GoFLNG vessel. This commitment with Ophir and GEPetrol to employ a GoFLNG vessel in Equatorial Guinea represents a further step in the implementation of Golar's strategy to become the industry's leading integrated midstream LNG services provider, supporting resource owners, gas producers and gas consumers. Our new approach to developing LNG projects is stimulating significant interest today.

Accordingly, Golar has now, based on its framework agreement with Keppel Shipyard, commenced negotiations for the company's third GoFLNG vessel".

Nick Cooper, Ophir's CEO commented "Finalising our midstream partner is a significant step forward for the Fortuna FLNG project. This agreement accelerates first gas date and reduces costs along the value chain. The project has been refined to allow the option to deliver LNG at attractive returns into both Pacific Basin and Atlantic Basin LNG customers. The agreement completes the value chain economics and allows Ophir to confidently plan for first gas, and c. 67,000 boepd of production in 1H 2019.

At a time when many other greenfield LNG projects are decelerating, Ophir has elected to accelerate the Fortuna FLNG Project to secure what it believes will be a better market opportunity at first gas and to lock in anticipated reduced upstream development costs.  We will now move immediately into the upstream and midstream FEED with a view to reaching FID by mid-2016.

We are pleased to have secured Golar as a partner; the firm is a leading provider of FLNG solutions and the flexible and competitive commercial terms we have agreed will ensure that the final investment decision can be taken at current LNG prices. Ophir sees many parallels with the oil-equivalent emergence of leased-FPSO's ca. 25 years ago. This development of re-fitting vessels and leasing them to independent E&P companies both unlocked a series of oil fields and also provided competitive advantage to those early adopters of the technology. Ophir believes that the same is now about to happen for FLNG."

It is rather dumb to compare betting ToTo to Investing in the stock market???

Read this somewhere in the cyber world ...

"Whenever we are attracted to a big potential payoff, we may want to pause and think about the probability of actually obtaining the payoff. Case to point: the grand prize for Singapore’s TOTO Jackpot may offer millions of dollars, but the odds of winning is an equally daunting 13,983,816 to one."

How much can we lose in betting ToTo in our lifetime by betting for two draws per for 52 weeks per year for 60 years?

We probably will lose $XX,XXX in our lifetime. 

Can anyone compound $XX,XXX in the stock market to $X,XXX,XXX in their lifetime even they are super lucky in their stock pick?

My Long Term Personal Financial Goal - Self-insured Fund by 60!!!

Uncle8888's last life insurance policy will mature in Mar 2016 and thereafter he will be self-insured with his own fund and supported by Medisave and Medishield.

He made that decision in his 30s and works towards this 20 over years long-term personal financial goal.

Now, who says long-term goal is "useless"?

Sometime, Grasshoppers can learn something from Ants. Now, Ants can dance in the Sun and sleep in the Winter.

Monday, 4 May 2015

Kep Corp: Good stuff!!!

Read? 5 Reasons Why I Love Keppel Corp as an Investment as Oil Prices Turn Around

Come and support Kep Corp!

Thank you.

Personal Financial Goals and Business Goals???

Business Goals?

So what if you screw them up. Just look for another job and set another business goals. No big deal!

Personal Financial Goals?

When you screw up your own personal financial goals; you may have a hell of time fixing them up. You think you suka suka find another set of goals and then say I am okay. So what?


Sunday, 3 May 2015

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

Last week, Uncle8888 happened to meet this guy who was once his ex-colleague in his younger days. This guy rose fast in his career development to reach middle management. In his late 40s or early 50s; he probably has enough FU$/No Thanks$ to walk away from his day job.

Two months ago, he decided to retire early. If Uncle8888 remembered correctly he should be about 55 or 56. A few years younger than him.

His reason given for early retirement from his day job is that he would like to spend more time doing charitable works like delivery of food to the needy.

Guess what happen?

Just after three weeks of retirement, he is back to work. Lucky his vacancy was not filled and he got back his old day job.

We must bear in mind. Once we are so active and busy working in scheduled tasks and routine work environment; it is never easy to flip over ANYTIME to unscheduled and UN-busy world in retirement where time freedom is luxury but became too much to handle.

Real people. Real Story.

Retiring from your day job is NOT a flip over switch to retiring. We must duly prepare ourselves for this transition to the world of retirement. It is never voluntary flip over switch to retirement. Right?


What To Invest? How To Invest?

Many newbies or virgin retail investors will go around asking: "What to invest?" Probably, that might be the reason why they didn't learn much after some years and still virgin. 

Even when they attended educational investment seminar (not those previews to paid investment/trading course), they also tend to ask "What to invest?"

Next time, try asking "How to invest?" and that may change your way of thinking on investing.

You may need to bring along a notebook and a pen to jot down pointers for more thinking. Ask "How" instead of "What".

When you ask "How to invest?". It may trigger the reverse engineering way of investing by focusing from your investing end goals and working backwards to find out your investing strategy and plans to meet your investing goals at XX years down the road. 

You will set yourself thinking on 3Ms on investing - Method, Mind and Money Management and not just Method. (What?)

Try asking "How to invest?" next time when you need to ask.

Long-term investing is more than just knowing what to invest.

The above is not applicable for Grasshoppers. Happy. Go lucky. Why bother about investing? Right!

Friday, 1 May 2015

Sell In May And Go Away. Your bet for May 2015???

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

Read? How Much Is Enough To Retire???

Read? Money not enough, say millionaires: UBS

Those with US$1 million want US$2 million; those with US$10 million want US$25 million.

How much is enough is so tough to answer?

What if we ask ourselves differently?

How much is enough to SPEND till the last day of our retirement here on Planet Earth?

The answer may not be that tough as compared to how much is enough?

Don't think there is magic number for wealth accumulation to be enough. 

End of month tracking for Apr 2015; but a revised way of looking at Uncle8888's living expenses tracking chart.

It may not be so tough to answer how much is enough to spend if we have been tracking our past living expenses diligently. Hindsight learning can proved to be very useful if we are willing to be consistent with our past lifestyle.


Wednesday, 29 April 2015

Money not enough, say millionaires: UBS

Seems millionaires are beset by stress and anxiety like the rest of the general population and part of that fear is they could lose it all, and then have to join the hoi polloi.

No matter how much wealth is accumulated, they fear they could lose it all with one wrong move, according to a UBS report released on Wednesday.

Half of those with US$1-5 million are afraid that one major setback such as job loss or market crash would have a significant impact on their lifestyle, versus 34 per cent of those with US$5 plus million.
For millionaire parents working full-time, the anxiety is even greater - 63 per cent feel that one major setback would have a significant impact on their lifestyle.

The Swiss bank surveyed 2,215 US investors with more than US$1 million in net worth for the report, UBS Investor Watch, a quarterly US publication analysing investor sentiment and behaviour.
It revealed that while millionaires recognise their good fortune, they feel compelled to strive for more and also their desire to protect their families' lifestyle, and an ever-present fear of losing it all.

"As a result, many feel stuck on a treadmill, without a real sense of how much wealth would make them satisfied enough to get off," the report said.

"The majority of millionaires say they have worked hard to earn their wealth and appreciate the lifestyle it affords them and their families.

"But enough never seems to be enough - even the wealthiest continue on the treadmill to achieve a better life," said Paula Polito, UBS Wealth Management Americas, client strategy officer.

Having worked hard for their millions, they feel they need even more to live the luxurious lifestyle.
The survey found that more than three-quarters of millionaires (77 per cent) grew up middle class or below. Working their way up the socioeconomic ranks was a conscious aim, as 61 per cent aspired to become millionaires and 65 per cent felt it was an important milestone to reach the US$1 million mark.

Fifty-eight per cent of millionaires report feeling increased expectations for their standard of living over the last 10 years.

Those with US$1 million want US$2 million; those with US$10 million want US$25 million.

Young millionaires are the most anxious, it seems.

They are constantly checking to see how much their peers have and worry about funding their lifestyles.
Millennials are more insecure and conscious about how their wealth compares to that of peers (68 per cent of millennials vs 53 per cent of baby boomers). Millennials are seen as those born from the early 1980s while baby boomers were born after the second world war.

With so much of their peers' lifestyle and spending information available online and through social media, millennials are most likely to say they feel pressure to "keep up with the Joneses" the report said.
"This sense of competition manifests itself in their career decisions and personal behaviour," it said.

For example, millennials are more likely to feel pressure to work long hours (49 per cent of millennials vs 28 per cent of boomers). Three-quarters of millennials have checked online for their peers' salary, career history, home price or purchases (74 per cent for millennials vs 57 per cent for boomers).

Even though millennials who are already millionaires are typically very successful, only 48 per cent believe they've "made it".

"They are the least content with their wealth and most likely to fear losing it. They also worry more about not having enough wealth to live the life they want."

On Blog Leave From 30 Apr to 1 May

Read? Discovering Johore by Bus and Walk - Mersing

This time to Masai, Johore. Exploring Johore by Bus and Walk.

Tuesday, 28 April 2015

The remarkable life and lessons of the $8 million janitor

 Read? The remarkable life and lessons of the $8 million janitor

Avoid speculating; own blue chips: What did he buy? He owned 95 stocks, with many blue chips among them: Procter & Gamble, JPMorgan Chase, General Electric, Johnson & Johnson, Dow Chemical. He also owned consumer names such as J.M. Smucker and CVS Health. Like an investor named Warren Buffett, he avoided technology stocks and the hot stocks of the moment.
He did not own a concentrated portfolio; instead, he had a diversified portfolio with lots of companies in many sectors. This diversification allowed him to spread the risk broadly. Even owning failures such as Lehman Brothers had only a modest impact on his returns.

CW8888: Blue chips Great Grand Pa!

Is Never Wrong to take profits?



Monday, 27 April 2015

DBS first-quarter profit rises 3% as interest income increases

SINGAPORE: DBS Group’s net profit rose 10 per cent year-on-year to a record S$1.27 billion in the first quarter of 2015, the bank announced on Monday (Apr 27).

Said Chief Executive Officer Piyush Gupta: “DBS started the year on a solid footing, with strong all-round performance yet again. Despite a slowdown in trade volumes, the bank’s first-quarter earnings reached a record high. This is testament to the strength and resilience of the DBS franchise. We will continue to grow our business, while keeping a watchful eye on the economy.”

The spike in profit came as DBS’ total income grew 12 per cent to S$2.74 billion, amid net interest income and non-interest income reaching new highs. The growth was broad-based across all business units, the bank said in a news release.

Net interest income increased 14 per cent to S$1.69 billion. Loans grew by 11 per cent to S$281 billion, as an increase in regional corporate borrowing and secured consumer loans was partially offset by a decline in trade loans, DBS said.

The bank’s non-interest income crossed S$1 billion for the first time, rising 9 per cent to S$1.05 billion. The fee income increased 10 per cent to S$560 million. Meanwhile, contributions from wealth management rose 43 per cent from higher unit trust and insurance sales, and fees from credit and debit cards rose 23 per cent.
Other non-interest income grew 7 per cent to S$486 million. Income from investment securities tripled to S$103 million amid profits from government securities.

All business units also attained record income, said DBS. The Consumer Banking/Wealth Management income rose 29 per cent to S$861 million, and income from Institutional Banking came in at 5 per cent higher, at S$1.35 billion. Meanwhile, Treasury income rose 38 per cent to S$386 million.

There was also a one-time gain of S$136 million during the quarter, from the disposal of a property investment in Hong Kong.

DBS’ total expenses rose 13 per cent to S$1.18 billion, in line with income growth. Profit before allowances were up 10 per cent to S$1.56 billion.

Total allowances were 20 per cent higher at S$181 million, but general allowances of S$21 million were lower than a year ago.

Sunday, 26 April 2015

Diversify or Concentrate???

Not exactly how to fix his investing strategy into the commonly known investing theme - Diversify or Concentrate?

Uncle8888 is more of Diversify into rounds after rounds and leaving behind some Concentrate for storage like fake orange or apple juice.

His top three holding value of Kep Corp, Sembcorp Ind, and DBS at last Friday market closing price plus all past realized short-term P/L and accumulated dividends as percentage of his net worth. 

Recently, he has been selling down his stake in DBS to return money to His CPF.

CPF is Good for him!

Wah! Your CPF Solid!!!

This colleague said Uncle8888's CPF sibei solid. He still have a few more years to go with his housing loan.

He have upgraded; but Uncle8888 is still living in his 28 years old 4-room HDB flat.

In life, we will have to live with some trade off since most of us have limited capability and ability. We will live under those decisions which we have made in the past for a long time. If Uncle8888 hasn't fought off his wife over the years not to upgrade, today his CPF will be jialiat too!

A bigger house is a bigger asset; but we have to make a U-Turn to monetize the net value. There is no free lunch!

Saturday, 25 April 2015

Size Matters!!!

Ask the lions and tigers about adult elephants!

Are you the elephants in generating passive income?


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