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

Wednesday, 30 April 2014

DBS net profit up 9%, beats expectations


DBS Group Holdings, Singapore's biggest bank, beat expectations as first-quarter core net profit rose 9 percent to record, helped by strong growth in loans. 
 
DBS said core net profit came to a record S$1.033 billion ($823 million)for the first three months of 2014, up from S$950 million in the same period a year earlier and above an average forecast of S$857 million from six analysts polled by Reuters. 
 
Net profit including special items, climbed 30 percent to S$1.231 billion, boosted by items such as a one-off gain from the sale of a stake in a Philippine lender.

DBS has so far largely been affected by slower growth in housing market after government cooling measures.
 
"Despite challenging fixed income markets, quarterly earnings crossed the S$1 billion mark for the first time, a testament to the strength of our franchise," DBS CEO Piyush Gupta said in a statement.
 




What was I thinking and feeling in Mar 2009 Bear market low? (2) - Re-posted



Read? What was I thinking and feeling in Mar 2009 Bear market low? (2)


When the market keeps falling to a certain point even some most experienced and seasoned retail veteran investors will cut losses and stay out of the market and hoping to buy back lower.

We can plan but when the moment arrived our balls may shrink faster than the market drop.

We need strategies to overcome the Fear.

What are your strategies in addition to your capital deployment plan?

The Mind part?





Monday, 28 April 2014

Keppel partners Seafox on study to build one of the world’s first jackups with P&A features

The accommodation jackup rig with Plug & Abandonment (P&A) features will be based on Keppel’s KFELS J Class design which is suited for the harsh environment of the Norwegian North Sea.

Keppel FELS Limited (Keppel FELS), a wholly owned subsidiary of Keppel Offshore & Marine (Keppel O&M) has signed an engineering services agreement with Workfox B.V, a subsidiary of the Seafox Group (Seafox), to embark on an engineering study of a purpose-built accommodation jackup rig with well intervention and P&A features.

The project, which is named Seafox 8, is being developed to address a gap in the current P&A market. Subsea fields are reaching the end of their productive lives in areas such as the North Sea and the Gulf of Mexico. With increasing environmental concerns and regulations, there are a substantial number of wells in both these regions that will need to be properly sealed up in the next few years.

Seafox 8 will be able to offer P&A services, well intervention services, as well as accommodation and crane support services. It has a spacious deck and comprehensive amenities for the comfort of 282 persons on board. The jackup can also be configured for other offshore support services. Compared to existing jackups chartered for P&A work, Seafox 8 is expected to be 25-30% more economical in terms of dayrates. It will be the first accommodation and service jackup unit that is specifically suited to support rigless activities for P&A and well services at a competitive cost.

Leveraging the successful partnership of an earlier project, Seafox 5, Keppel O&M is also in discussion with Seafox to enter into a joint venture to place an order for Seafox 8 upon completion of the study, which is expected in 2H 2014.

Mr Keesjan Cordia, CEO of Seafox, said, "With our background in providing accommodation support, workover, construction, and decommissioning services to the offshore oil & gas industry, we noticed the strong demand for P&A services and identified a need for a specialised rig in this market. We believe the jackup we are conceiving, Seafox 8, offers the ideal solution as it can work all year round including during the North Sea's winter period and undertake multiple services at a time. It is a real workhorse and unlike drilling rigs which are often used to do P&A currently, Seafox 8 has the crane capacity to assist with maintenance and well services activities. It has NORSOK-specified accommodation for crew and client personnel, and a lower operating cost than existing equipment with a single role purpose."

"We are glad to continue this winning partnership we have with Keppel in coming up with innovative products. Seafox 5, a multi-purpose self-elevating platform (MPSEP), which they built for us previously, has been performing extremely well and I am confident that Seafox 8 will be just as successful."

The hull and legs of the new generation jackup rig will be based on Keppel's new KFELS J Class design which is customised to operate in water depths of up to 112 metres in the harsh offshore environmental conditions of the Norwegian North Sea.

Developed by Offshore Technology Development (OTD), Keppel's R&D arm, the robust KFELS J Class is designed as a drilling jackup rig for the Norwegian North Sea and is an enhancement of Keppel's proven harsh environment drilling rigs - the KFELS N Class and KFELS G Class designs. Keppel O&M has previously delivered three rigs of each design, which have been successfully operating in the North Sea including Norwegian waters.

Mr Wong Kok Seng, Managing Director of Keppel O&M (Offshore) and Keppel FELS said, "We have successfully developed and commercialised many proprietary concepts for a variety of offshore services and challenging frontiers by partnering our trendsetting customers in the early stages of those projects. For Seafox 8, we are taking the hull of an ultra-harsh environment rig in our KFELS J Class for use as an accommodation rig with equipment for P&A services. The KFELS J Class extends the capabilities of our proven KFELS G Class and KFELS N Class designs for work in the North Sea.

"This is an example of how we have been able to leverage and apply our technology expertise innovatively for a variety of offshore applications. And with an experienced partner like Seafox in this market, we are confident Seafox 8 will be well-received and give us a good head start in growing our track record as the leading solutions provider for the P&A services sector."

Keppel O&M and Seafox have a 49/51 joint venture in Seafox 5, an offshore wind turbine installation vessel which was built to Keppel's proprietary MPSEP design. Delivered in 2012, Seafox 5 has successfully installed 80 monopiles for offshore wind turbines in the German Sector of the North Sea and is currently deployed for Maersk Oil and Gas for accommodation and maintenance work. After its contract with Maersk, Seafox 5 will be chartered to DONG Energy E&P to service their operation at the Hejre field, in the Central North Sea, off the coast of Denmark.

Mr Wong added, "With Seafox 5, our foray into the offshore wind and oil and gas support services market has proven to be successful. Seafox is the leading operator in this field and Seafox 5 has received excellent charters and strong enquiries. Having done our due diligence on the P&A market, we are replicating this successful partnership with Seafox to be one of the first to seize the opportunities in this market."

The above agreement is not expected to have any material impact on the net tangible assets and earnings per share of Keppel Corporation Limited for the current financial year.

About the plug and abandonment market

Countries and industry regulatory officials are mandating the offshore oil and gas operators to immediately seal unproductive wells to permanently remove these potential environmental threats. Service companies are developing tools and methods to limit the economic impact of fulfilling these obligations.

Industry estimates put as many as 12,000 wells in the Gulf of Mexico which qualify as P&A candidates. In the UK sector of the North Sea alone, it is estimated that more than 500 structures with about 3,000 wells are slated for permanent abandonment in the near future. In the Norwegian sector of the North Sea, more than 350 platforms and more than 3,700 wells eventually must be permanently abandoned. Nearly 70 per cent of the forecast wells P&A expenditure is in the Central and Northern North Sea, equating to £3.1 billion. Almost 480 wells are scheduled for decommissioning in these regions, of which nearly 60 per cent are platform wells.

There are currently two methods of P&A. The first is using the available equipment on a fixed platform to execute the P&A without the support of a rig. This method is almost always faced with constrains on deck and bed space limitations, multiple logistics challenges and the downside of high man-hours. Another method is using drilling rigs with the use of third party equipment. However, drilling rigs' dayrates are rather expensive for such applications.


- END -


Inflation - The Silent Killer



Just For Thinking ....


Read? Inflation - The Silent Killer


1. Singapore Inflation Rate











 

 
XIRR of Inflation (2000 to 2013) = 2.1%
 
 
2. Uncle8888 is an old human asset that depreciates with time .....
 
 
 
 
 
XIRR of Salary (2000 to 2013) = 0.7%
 
KNS!
 








3. Uncle8888's Investment Portfolio Performance


XIRR of Investment Portfolio (Jan 2000 to 25 Apr 2014) = 9.6%


4. Impact of inflation?

Fortunately, the poor return of 0.7% from an old human asset is compensated by higher investment return of 9.6%.











The Moral of the Story ...

Most human asset after 20 or 30 years of working will start to depreciate with time. Sad truth!

So how?

We may have little choice; but spend some effort and time to learn more on investing and to manage our investment portfolio to beat inflation by some percentage unless we are successful in climbing corporate ladder. The promotional salary increments and annual bonuses will be way ahead of inflation.

Two ways to beat inflation:


1) Do well in our career development and climb corporate ladder

2) Do well in our investment and climb investment ladder


Don't forget Investing Lessons From Conversation With Uncle8888 (1)


We should work hard on our Financial Assets and let them work harder for us to compensate our depreciating human asset in the last phase of our work life.




 
 
 
Do you have any other better ways?
 
 
Do share them.
 
 
 
 
 
 
 
 
 


Sunday, 27 April 2014

How to control your emotions in investing??? (4)


Read? How to control your emotions in investing??? (3)

Read? Fishing and Stock Market (4)


This is all happening in your mind!

What are you hoping for and good enough to be happy with?

Are you greedy enough to think big?

Do you have that kind of patience to be that greedy?




Learn it all from Uncle8888's fishing trips!







Auntie8888's mind in fishing

At every fishing trip, Auntie8888 is only interested in catching more fish to cook for dinner. She don't have the ambitious of catching big fish so she will only use small hooks and small baits (one piece of prawn cut into many small pieces).

May be that is the mindset of a housewife; it is better to have fish to eat for more meals than dreaming of eating big fish for one or two meals only.

No matter how lucky she can be; she can never hope to catch big fish. Her method will never allow it to happen naturally as big fish won't take small bait. Small hook can't hold up the big fish.

However, at every fishing trip, she will be able to bring more fish back home to cook for several meals since she can continuously fish at both high tide and low tide.




















Uncle8888's mind in fishing


He is always dreaming of catching it big!

Why dreaming?

We can't really catch big fish near shore.

To catch big fish ....

Read? Fishing offences on the rise

Sport fishing can be costly.

At the lower range, getting started could cost you about $$100, and heading overseas can cost as much as $$20,000 a trip.

Mr Tan said: “Sport fishing can be done very cheap. We have sets at S$100, S$300. But if you're going for stuff like… tuna, marlin, your S$10,000 comes in here. (For) big game fish, you need to hire a sea boat to get out there to catch fish. Also, sometimes, (there are) areas where you require helicopters -- that's when S$10,000, S$20,000 comes in.”



So for fishing at the shore, we have to be lucky to catch those unlucky big fishes that come too near to the shore during high tide to find food.

The window of opportunity to catch big fish at shore during high tide is between 1 and 1.5 hours and he will have to wait patiently for many hours for the next tide. Most of the so-called windows of opportunity is nothing more than just hope.

Sometime, he may get lucky with one or two unlucky fish; but most of the times, the fish is lucky but he is unlucky.

Uncle8888's last fish trip biggest catch:





No big fish at the end of his fishing trip, sianz!


Uncle8888's Investing Mind.

He likes to dream big to catch more multi-baggers and plant more Money Trees; but he knows it very well. It will be like his fishing trips. It is just hope and plenty of PATIENCE to wait for the next window of opportunity to try again. Most of the so-called Window of Opportunities is nothing more than just hope and dreams for the next season. Never give up!

Your emotions is how you control them. Right?

Take up fishing as hobby?


















 










How to control your emotions in investing??? (3)



Read? How to control your emotions in investing??? (2)


The emotion of Greed, Fear and Hope will many times lead us to decide ...


Scare of the next Bird Flu?

To kill the Golden Goose before the next Bird Flu kills her or hopefully and happily collect more Golden Eggs?







 

 
 
 
 
 
 
 
This has happened to Uncle8888 so many times until he became bo chap.
 
 
The Fear is always in the Chart!
 

 
 
 
But, the Greed and Hope is many times happening in the Mind.
 
How about getting 100% total return p.a. to boast one day?
 
So shiok! Greed and hope at play.
 
 

 
 




Saturday, 26 April 2014

How to control your emotions in investing??? (2)



Read? How to control your emotions in investing???


Book : Mindfulness: Be mindful. Live in the moment.





















Be calm, collected and in the moment

Too often, life just races by. You don’t fully experience what’s happening now, because you’re too busy thinking about what needs doing tomorrow, or distracted by what happened yesterday. And all the time your mind is chattering with commentary or judgement.

Mindfulness allows you to experience the moment instead of just rushing through it. Being mindful opens you up to new ideas and new ways of doing things, reducing stress and increasing your enjoyment of life.




Number of HDB resale flats sold falls to all-time low in Q1

SINGAPORE: The number of Housing and Development Board (HDB) resale flats sold fell to an all-time low in the first quarter of this year, with 3,781 units transacted.

This is the lowest figure recorded since HDB started releasing quarterly resale transaction volume data in 1997.

Both public and private units have also registered price declines in the first quarter, with the private market seeing its largest price drop since 2009.

The HDB Resale Price Index registered a 1.6 per cent decline in the first quarter, marking the third consecutive quarter that a price decrease has been recorded.

Transaction volumes also reached an all-time low, representing a 5 per cent drop compared to the previous quarter where 4,001 resale flats were transacted.

On the other hand, subletting transactions rose by 17 per cent in the first quarter, compared to the fourth quarter of last year.

There were 7,268 subletting cases in the fourth quarter of 2013, compared to 8,485 cases in the first quarter of 2014.

The total number of HDB flats approved for subletting also rose by 2.1 per cent, from 45,674 units in the fourth quarter of 2013, to 46,637 units in the first quarter of 2014.

Mr Chris Koh, director of Chris International, said: "Ever since the ruling was changed for owners to rent out their flats instead of selling them, many have chosen to rent them out. They are staying in their private condominiums and instead have rented out their flats. Unlike in the old days when they had to sell away their flat or stay in their flat and rent out their condo.

"So with that change of rule, many are tempted now to hold on to their flats because the rental that they get from their flats is not too bad. Some of them are renting out their flats as high as S$2,800 to S$3,000 a month. That's a lot of money for an HDB owner. They have realised today that now a flat becomes a form of investment, that holding (on to) their flat helps them enjoy rental, so they have got this rental yield."

Some property analysts expect prices to continue to decline for at least another quarter before stabilising, as more buyers are expected to be drawn back to the HDB resale market.

Just last month, HDB had revised its resale procedure to shift the attention of buyers and sellers away from the Cash-Over-Valuation component when negotiating a deal for an HDB resale flat.
In line with that, HDB has decided that from this quarter onwards, it will also not publish COV data by town or flat type.

As for the private market, with cooling measures taking effect, prices of private residential properties fell by 1.3 per cent in the first quarter of this year -- the largest drop since the second quarter of 2009, when prices fell by 4.7 per cent.

According to data from the Urban Redevelopment Authority, this is also the second consecutive quarter of decline following a 0.9 per cent drop in the previous quarter.

Properties in the city centre (Core Central Region) saw a price drop of 1.1 per cent, following a 2.1 per cent decrease in the previous quarter.

Prices in suburban areas (Outside Central Region) fell by 0.1 per cent after a 1.0 per cent decrease in the last three months of 2013.

But it was prices in the city's fringes (Rest of Central Region) which saw the biggest drop this time round, with a decline of 3.3 per cent, reversing a 0.4 per cent increase in the previous quarter.
Rentals also slowed, falling 0.7 per cent in the first quarter. This is greater than the 0.5 per cent decline in the fourth quarter of 2013.

Developers also launched and sold fewer uncompleted private residential units, excluding executive condominiums, compared to the last three months of 2013.

There were fewer than 2,000 units launched in Q1, compared to more than 2,600 in Q4.

A total of 1,744 private residential units, excluding ECs, were sold in Q1 of this year, compared to 2,568 units sold in the fourth quarter of 2013.

Mr Alan Cheong, senior director of Research & Consultancy at Savills Singapore, said: "Low transactions doesn't necessarily mean the market is in dire straits. You have to pair that up with the launches and it's about 87 per cent. No doubt it's lower than the 97 per cent seen in the first quarter of 2013, but still it's a healthy number.

"For the second quarter we will see a flurry of launches, in the RCR region in particular, so we will see transaction volumes going up because in Singapore there's this phenomenon that demand chases supply, whether it's in the office sector, retail sector or residential sector."

A total of 14,985 units, including executive condominiums, are expected to be completed in the last three quarters of this year, bringing the total to 19,505 units this year.

Another 24,592 units are also set to be completed next year. In comparison, about 14,400 units were completed in 2013. 

Who can better manage your portfolio?

Just For Thinking ....
 
 
 
 
 
On serious note, it should be you and yourself!

 
 






Sell in May and Go away???



Next week is May 2014.

Will History repeat itself one more time?




 
 
Uncle8888 has more cash rotting in the bank!!!
 
Not sure it is still a good problem to have?
 

CapitaLand's Q1 net profit dips by 1.7%

SINGAPORE: Property group CapitaLand has posted a first quarter net profit of S$182.8 million, down 1.7 per cent compared to a year ago.

The lower profit was due to a S$58.7 million one-off gain recorded in the same quarter last year.

Excluding the one-off gain, CapitaLand's operating net profit rose nearly 30 per cent to S$155.7 million from the first quarter of 2013.

In a statement on Friday, CapitaLand attributed this to higher development profits and improved performance from its shopping malls.

Still, CapitaLand's group revenue declined 3.4 per cent to S$612.6 million from its restated figures in the first quarter of last year.

In Singapore, CapitaLand said it sold 34 residential units, which amounted to a total sales value of S$87.0 million in the first quarter.
However, sales picked up in April with 106 units sold at its development Sky Habitat with a total sales value of about S$157.6 million following a marketing campaign.
In China, CapitaLand reported higher revenue, up 56.2 per cent to S$82 million in the same quarter.
The company says this is in line with the increased number of units handed over from projects such as The Loft, La Cite in Foshan, and Lake Botanica in Shenyang.
Looking ahead, CapitaLand said it remains confident in the potential of the Chinese market.
The company added that it will continue to strengthen and deepen its presence in China through the five city clusters.

Friday, 25 April 2014

Six different retirement income generators



Six different retirement income generators:  


1. Systematic withdrawals with a constant inflation-adjusted spending amount

Uncle8888's preferred retirement income generator is the above method:

Still some works in progress ....




















2. Systematic withdrawals with spending equal to a constant percentage of remaining assets

3. Systematic withdrawals based on remaining life expectancies

4. An immediate inflation-adjusted income annuity

5. An immediate fixed income annuity

6. A variable annuity with a guaranteed minimum withdrawal benefit

 


Thursday, 24 April 2014

Semb Corp : Breakout coming? Chun bo???


$0.17 XD on 28 Apr 2014



Baku Shipyard secures first major contract from Shah Deniz

Baku Shipyard LLC (Baku Shipyard) has secured a contract worth US$378 million from BP Exploration (Shah Deniz) Ltd, the operator of the Shah Deniz gas field development, to design and build a Subsea Construction Vessel (SCV).

When completed, the SCV will be deployed for the Stage 2 development of the Shah Deniz field, which lies some 70 kilometres offshore in the Azerbaijan sector of the Caspian Sea.

The Shah Deniz Stage 2 project requires a subsea installation vessel to install the subsea structures over 11 years between 2017 and 2027. The vessel will include dynamic positioning to allow for work in 2.5 metres significant wave height (Hs), a 750 metric tonne-main crane for 600 metres-deep subsea operation, an 18-men two-bell diving system, two work-class remotely operated vehicles, a strengthened moon pool, two engine rooms with 6x4.4MW + 2x3.2MW engines and a deadweight of 5,000 metric tonnes at 6.5 metres draft. The SCV will be designed by Marine Technology Development, the ship design and development arm of Keppel Offshore & Marine (Keppel O&M).

The vessel is expected to be completed in April 2017.

Mr Rovnag Abdullayev, President of State Oil Company of Azerbaijan Republic (SOCAR), said, "We are very privileged that BP Exploration (Shah Deniz) has chosen Baku Shipyard to design and build the SCV which will support the Shah Deniz gas field Stage 2 development. We believe that Baku Shipyard, under the management of leading global offshore and marine group Keppel O&M, is well placed to support Azerbaijan's growth in the oil and gas sector, and we look forward to building up our track record with more significant contract wins in the years ahead."

Mr Gordon Birrell, BP's Regional President for Azerbaijan, Georgia and Turkey, commented, "We are pleased to begin cooperation with yet another major local service company to advance the executional phase of the giant Shah Deniz Stage 2 development project. This new flagship vessel for the Caspian, to be built by Baku Shipyard, will provide essential support for the construction of the Stage 2 subsea structures which will form the biggest subsea production system in the Caspian. Clearly, the contract underpins our plans to deploy for the first time new advanced subsea production technology in the Caspian as part of the Shah Deniz Stage 2 development.

"I am also pleased to say that the contract we have signed today is among the 12 major contract awards for the Shah Deniz Stage 2 and South Caucasus Pipeline expansion projects which we have awarded since we announced the final investment decision lin December 2013. These contract awards are part of the overall tremendous progress being made across multiple areas of this major development project which underpin our efforts to deliver first gas in late 2018. The Shah Deniz partnership remains committed to maximising the use of local resources in delivering this important gas development project. It is a world-class project that can only be delivered through close cooperation among BP and Shah Deniz partners including SOCAR and Azerbaijan's local supply chain."

The SCV is the first major contract secured by Baku Shipyard since its inauguration by President of Azerbaijan, H.E. Ilham Aliyev, in September 2013. The shipbuilding yard was jointly developed by SOCAR, Azerbaijan Investment Company (AIC) and Keppel O&M. SOCAR, AIC and Keppel O&M own 65%, 25% and 10% share in the yard respectively.

The 62-ha yard is capable of undertaking the construction of a wide range of specialised vessels and merchant ships including subsea vessels, anchor handling tug/supply vessels and multi-purpose offshore support vessels such as platform supply vessels, as well as tankers and cargo vessels. The yard also has ship repair and conversion capabilities.


CW8888's estimated Order Book









Wednesday, 23 April 2014

Singapore’s March CPI up 1.2% on higher food, healthcare costs

SINGAPORE: Singapore's consumer price index (CPI) rose 1.2 per cent in March from a year ago as higher food and healthcare costs offset a drop in transport cost, the Department of Statistics said on Wednesday.

The rise in last month's CPI was slightly higher than the median estimate of 1.1 per cent by economists who took part in a Reuters poll.

The increase also exceeded February's 0.4 per cent gain, which was the lowest in four years.
Healthcare costs jumped 3.4 per cent in March from a year ago, while food prices increased by 2.9 per cent.

Transport costs fell 2.1 per cent from a year ago although they were 0.8 per cent higher compared with February.

The Monetary Authority of Singapore's core inflation measure, which excludes accommodation and private road transport, rose 2.0 per cent in March from a year ago.

Looking ahead, the Ministry of Trade and Industry (MTI) and MAS said domestic cost pressures -- particularly those stemming from the tight labour market -- are likely to
remain the primary source of inflation.
Car prices are expected to add negligibly to inflation for the whole of 2014, while imputed rentals on owner-occupied accommodation will likely stabilise given the large supply of newly-completed housing units.
CPI-All Items, or headline inflation is projected to come in at 1.5 to 2.5 per cent in 2014, while core inflation is expected to stay elevated at 2 to 3 per cent. 

Tuesday, 22 April 2014

How to control your emotions in investing???

 

Words of Wisdom by Barton Biggs



The investment process is only half the battle. The other weighty component is struggling with yourself, and immunizing yourself from the psychological effects of the swings of markets, career risk, the pressure of benchmarks, competition, and the loneliness of the long distance runner.”

“I’ve come to believe a personal investment diary is a step in the right direction in coping with these pressures, in getting to know yourself and improving your investment behavior.”

Study the history of your emotions and your actions.

“As I reflect on this crisis period so stuffed with opportunity but also so full of pain and terror, I am struck with how hard it is to be an investor and a fiduciary.


Work very hard to better understand how you as an investor react to both prosperity and adversity, and particularly to the market’s manic swings, both euphoric and traumatic. Keep an investment diary and re-read it from time to time but particularly at moments when there is tremendous exuberance and also panic. We are in a very emotional business, and any wisdom we can extract from our own experience is very valuable.”


CW8888:

This is I, Me, and Myself in investing. The Three Stooges!






Semb Corp : Tomorrow Boleh???



$0.17 XD on 28 Apr 2014






Monday, 21 April 2014

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


Here is Uncle8888's milestones on his Road to the Edge of Financial Independence and beyond (hopefully not fall back too much due to market volatility)


How his investing journey begin?

1. A Mind Flip after reading this book and determination to get out of Rat Race via Investment path.

 


2. The Road to Financial Independence began ...


 
 


3. Set Investing Goals and target date to reach Financial Independence by 55 at Sep 2011.






























4. We can plan but doesn't mean it will succeed.

FAILED!

Uncle8888 didn't reach the Edge of Financial Independence at 55


































5. Finally, Uncle8888 has arrived at the Edge of Financial Independence on Jan 2013 at 56+, more than one year late.



 
 
 
 
 
 
 
6.  Moving farther away from the Edge of Financial Independence and hopefully not fall back too much due to market volatility.
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 





Sunday, 20 April 2014

Contrarian, Stubborn or Stupid???


No Exit Plan and no Stop-loss!

So is Uncle8888 being Contrarian, Stubborn or Stupid?





Losing is part of the Investment and Trading Game!



Lost your money in the stock market?


Don't be discouraged!

It is pretty normal.

It is quite natural.

It is part of the Game.

Over time, we will have to pay some tuition fees to the other market players for their lunches and one day we will learn to be skillful enough to eat other market players' lunches.


Read? Where Does The Money In The Stock Market Come From?


Read? Why do I keep losing in the stock market?

You can see that Uncle8888 also lost his money in the stock market too; but he is still getting stronger!




 
 
 
 
 
 
 









My Full-Time Job and My Part-Time Investment Portfolio Management


Just For Thinking ....


Uncle8888 has never thought of benchmarking his job performance to his company's CEO. He knows that he is unlikely to close that huge salary gap no matter how hard he works.

But, he dares to benchmark his investment performance to the World's well-known investors as he knew he could narrow down that performance gap with his 3Ms - Method, Mind and Money Management.

In the stock market, there are no bosses, no peers, no staff, and no customers to judge him. It is he and himself to judge his own investment performance. He will reap what he sows! This is the fairest outcome in life. Right?


Grow a few Money Tree and enjoy retirement income for life!






 












Saturday, 19 April 2014

Fishing offences on the rise

SINGAPORE: Fishing enthusiasts said more people are hooked on the sport and many are heading overseas to reel in a good catch.

In Singapore, anglers are also heading to its reservoirs.

But here, the Public Utilities Board (PUB) said that on average, some 240 to 250 people a year have been booked for fishing offences in recent years.

These include fishing at non-designated areas and using live baits.

Every quarter, Singapore's top fishing community sees some 200 to 300 new anglers. According to aficionados, they are getting younger too.

Scott Tan, president of Gamefish & Aquatic Rehabilitation Society, said: "Especially among the younger generation, there is a very big uptake… Nobody really did (statistics) on how many fishermen there are, but if we go by informal (online) forums like Fishing Kaki alone, it has 350,000 registered members who are active."

Sport fishing can be costly.

At the lower range, getting started could cost you about $$100, and heading overseas can cost as much as $$20,000 a trip.

Mr Tan said: “Sport fishing can be done very cheap. We have sets at S$100, S$300. But if you're going for stuff like… tuna, marlin, your S$10,000 comes in here. (For) big game fish, you need to hire a sea boat to get out there to catch fish. Also, sometimes, (there are) areas where you require helicopters -- that's when S$10,000, S$20,000 comes in.”

It is no surprise that many turn to Singapore’s reservoirs for a cheaper fix.

There are 17 reservoirs in Singapore and of them, 10 are open to the public for fishing activities while only six are open to the public for water activities.

PUB said some of the reservoirs, including Jurong Lake Reservoir and Bedok Reservoir, not only allow for fishing but also canoeing and other water activities.

But fishing in illegal areas here is a growing problem, and Mr Tan thinks he knows why.
He said: "(For example at Lower Seletar Reservoir), we can't get any fish at all… Not only is it fished out, but fishes have a certain memory that once they sense there's a lot of fishing going on (in an area), they will totally avoid the area altogether. They move around and that's when you'll have a problem because as they move around, the sport fishermen will follow.”

But PUB said specific areas are carved out for safety reasons.

Roderick Ho, senior engineer at PUB’s catchment and waterways department, said: "We want to take care of the anglers' safety so we made sure we chose an area which is not steep. Secondly, the area must not pose a risk, not only to the anglers but also to the general public and water activity users."

PUB said those caught fishing outside designated areas or using live baits in reservoirs will be fined S$50 on their first offence and S$200 on their second offence.

On subsequent offences, offenders may be fined up to S$3,000.
 

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