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

Sunday, 31 December 2006

In the name of security

Most of us are so enamoured of the idea of security that, even when we are unhappy with our jobs, we will stay with them, day after day and year after year.

The truth is that staying in situations which are unsatisfying only increases our sense of insecurity.

We begin to feel there is no other choice but to sell our souls in the name of security.

Quote from Robert Kiyosaki's book, If You Want To Be Rich & Happy

Wednesday, 27 December 2006

Financially, there are three classes of people. The rich are those who play to win. The middle class plays not to lose.

For the middle class, financial security is more important than financial opportunity. Ironically, today there's far more financial opportunity than financial security, yet the middle class still seeks security.

The third group, of course, is the poor, who often work very hard yet have lost the spirit to compete in the world of money. Without spirit, it's tough to win financially, even in the richest country in the world.

Quote:
Why the Rich Get Richer
by Robert Kiyosaki

Kep Corp - Accumulate more

Kep Corp came under selling pressure for the past few trading days. There will be time when fundamentally strong stock got sold down and there are many reasons why investors sell these stocks such as better investment elsewhere, rebalancing their portfolio or balancing book account.

Bought more Kep Corp @ 17.7 today in view of ease in selling pressure and good news from Semb Marine on new contract win. Expecting good FY06 result in end Jan 07 and better dividend and capital distribution like the past few years to move price towards $19.0

Friday, 22 December 2006

false sense of financial security?

Staying employed may give us a false sense of financial security and we do not realise that being employable is uncertain as we age. We are likely to be the one to be retrenched and will start getting concerned whether we could then support our kids through university and have enough food and shelter over their heads. Some of us may already have witnessed some senior colleagues being sent off.

We need to have other source of passive income while currently being employed and working towards the goal of staying employed as an option and we are ready to be sent off when it comes.

Investing is one way to achieve this goal but it requires us to put in fair amount of effort and time to acquire knowledge, skill and discipline to accumulate wealth. We could start with any amount of capital and slowly add more capital as year passes by and through prudent investing to reach our goal.

Two good books to read: "Rich Dad, Poor" and "Secrets Of Self-Made Millionaires ". It teaches us how to accumulate wealth to achieve financial independence

Wednesday, 20 December 2006

Market panic

Sold CDL @ 12.3 Bought @ 12.o ROC 1.8% in 20 days. Bought SCI @ 3.74 and KEP @ 17.8 expecting market rebound.

Good news on Kep Corp so it will RUN liao!!!!

Keppel breaks into decommissioning market with EUR140 million contract to build the world’s first concrete heavy lifter
Keppel Offshore & Marine Limited (Keppel O&M) through its wholly owned subsidiary in The Netherlands, Keppel Verolme BV has secured a EUR140 million contract to build a floating heavy lifter for the decommissioning of offshore structures. The contract caters for additional work on the vessel, which if awarded, may potentially increase the contract value by another EUR24 million. This innovative first-in-the-world heavy lifter of its class was awarded by MPU Offshore Lift ASA (MPU), a subsidiary of the Norwegian design and development company MPU Enterprise AS. This semisubmersible platform is expected to be completed by early 2009.

Monday, 18 December 2006

Contra trades Kep Corp & CDL

Contra Kep Corp @ 18.2 ROC 3.9% and CDL @ 12.4 ROC 5.2%. I love contra trades so I could retain my capital to fight another battle.

Wednesday, 13 December 2006

Kep Corp and CDL

Enter CDL @ 11.7 (Support level) and Kep Corp @ 17.4 (Support level)

Monday, 4 December 2006

STATS

Hit trailing stop @ 1.25. Exit at ROC 19.3% in 105 days

Wednesday, 29 November 2006

FRASER SECURITIES (S) : StatsChipac --technical

StatsChipPac ($1.24) – broadest monthly breakout since Jan 2004 on heavy volumes paves way to reach next price objective of around $1.35-40

The stock has staged significant price breakouts since mid-Nov, which should mark the start of a decisive recovery phase with the first objective at this year’s April-May highs of $1.35-42.

Given the 41% mid-year plunge to 84 cents and the lengthy consolidation around 90 cents to $1.05 since then, this month’s breakout seems overdue and is on solid technical grounds.

Although short term indicators as RSI, momentum and MACD are overbought these are neutralised by similar medium term measures which point to further recovery in the weeks and months ahead.

The swift recovery today to a new 6-month high of $1.26 after yesterday’s pullback to $1.18 from the previous day’s $1.25 high further proves the strong momentum of the current rebound. The 50 and 100 days moving averages have just made a golden cross.

In fact Nov’s volumes are the highest since Jan when the counter started its ascent from the then year’s low of $1.01 to $1.42 in April.

This month, starting off at 97 cents, Stats has already created the widest monthly gain of 29 cents to reach $1.26 today, which has never been recorded since the 32 cent gain in Jan 2004 when it was at much higher levels between $2.12 and $2.45.

Nevertheless the stock has always fallen short the 38.2% mark recovery ($1.45 and $1.48) between this 3 year-high of $2.45 and 2005-06 lows of 88-84 cents, managing modest highs of $1.34 last year and $1.42 in 2006.

Now given the strong recovery momentum which is unlikely to die down in the next several weeks, Stats appears poised to test these highs and once the $1.36-44 area which contains key quarterly resistances since 2001 is taken out, the next level will be $1.61-64. Support is at $1.12-16.

STATS

0034 GMT [Dow Jones] STOCK CALL: UBS upgrades STATS ChipPAC (S24.SG) to Buy from Neutral, target to S$1.60 from S$1.05 as company "is an attractive margin recovery story and we think current restructuring can deliver a doubling in earnings in FY07"; ups FY07 EPS forecast 58% to US$0.071, though advises caution on 4Q06 given weaker 3Q outturn. Notes Carlyle Group bid for ASE but doesn''t view STATS as takeover target "as it does not have the right characteristics to be attractive to a private-equity buyer" - it''s indebted, its margins are below peers, it''s considered high risk business and it only recently started to generate free cash flow. Shares off 4% at S$1.19 yesterday.(JEM)

Happy liao. Bought @ 1.04 in Aug 06, it is really a long wait but worth waiting.

Re-enter CDL

STI recovered after one day drop. CDL looked like a good candidate for recovering. 52WH @ 12.9. Bought @ 12.0 @ opening. Risk/Reward more than 3. Stop loss @ 11.8

Last sold CDL @ 12.3 on 20 Nov 06 after hitting trailing stop. ROC 15.2% in 32 days

Saturday, 25 November 2006

Hit 2006 profit target early, one month ahead of year end and that will mean an early start towards meeting 2007 profit target.
ROC in 2006 is 17.6%

Friday, 24 November 2006

Kep Corp

16.0 is the last strong resistance level. Sold Kep @ 17.0. Expecting 17.0 to be also a strong resistance level. Selling at strong resistance level is another good selling strategy. ROC 16.4% in 66 days

Wednesday, 22 November 2006

Keppel Corp

Wow! finally it breaks 16.2. Let the winner run....Bought @ 14.5. It is able to clear 16.3 probably due to the news on Keppel Bay

Monday, 20 November 2006

Let the winner run its course

Game over for CDL today!. Hit trailing stop @ 12.3 Day low @ 12.3. Day High 12.8 Bought @ 10.6. Yup, let the winner run its course, be disciplined, no question asked and just exit.

ROC 15.2% in 32 days

Sunday, 19 November 2006

The journal begins ...

Today, I take the first small step to start this journal, hope that it will be fun after seeing my children blogging. So I am disputing my youngest son that I am not that old fashioned.
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