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, 29 December 2013

14 Years of Personal Journey towards Financial Independence when staying employed becomes an option!











With the mind flip in Dec 1999, Uncle8888 went all out to set his goals, plans and strategies to create wealth through Short-Term Trading and Long-Term Investing in our local stock exchange (SGX).

From 1 Jan 2000 to 31 Dec 2013: 14 years of long journey

Without additional funding of capital since Jan 2000 (A single household income with 5 mouths to feed, it was really tough to find any spare money to invest as there were always another competing needs to spend and higher priority to add more into emergency fund as when we become older ;we become more fearful of losing our job); it took him 14 years to finally complete his Investing Goals set out in Jan 2000 with some margin of safety going forward into retirement income for life phase.


 




















After 14 years of investing and trading experiences, Uncle8888 is more convinced and more biased towards Long-Term Investing approach with Growth-Dividend strategy as we are more likely to achieve our long-term Investing Goals in a shorter time frame.

Look at the above diagram again.

Are your Investing Goals similar?

Uncle8888 believes there will be several short windows of opportunity in terms of weeks over the future market cycles to create wealth. But, you must definitely plan for them with sizable War Chest and decisively seize them when the opportunities may seem to appear and that means your Account Size Really Matters as there may be false start!

“Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”Warren Buffett


Read? More on Mind Flip




Uncle8888's Investing Performance Benchmarking

1. Against Well-known Investors
































He still have more rooms for improvement over the next 6 years (20 Years of Investing from Jan 2000 to Dec 2019)

2 . Against Self (Human Asset) : Earned Income from his Full-Time Job






Over the last 14 years (from 1 Jan 2000 to 31 Dec 2013), his Earning* from Investment is about 46% of his Total Earned** Income after Income Tax from his full-time job.


* Earning means it is always work-in-progress and subject to market volatility.

** Includes Employee and Employer's CPF Contributions



 
 
 
It could have been better!
 
Now, Uncle8888 believes he is more ready than in Jan 2000; hopefully it could be better.







3 comments:

  1. Good job and keep it going!

    Let me know when you record a loss.

    Thanks!

    www.sgwealthbuilder.com

    ReplyDelete

Related Posts with Thumbnails