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.

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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.

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Value Investing
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Thursday, 24 November 2016

Long Long Time Ago .... Bei Kambing!



Nowadays; Uncle8888 so Eng and resume the role of under-covered Bei Kambing to past time. How to be more frugal? Free food?

While there he opened his ears wide open and scaned around ...



Something like this older man was telling the younger woman (in her late 30s/early 40s)

Older man (in his late 50s) : No scare! The rate increase is in the steps of 0.25. It is not going up 1% every time. REIT no collapse! Just collect dividends la!


Hmm ..  just look at Telco sector. Just add one new operator. What is the big deal? Just collect dividends as Panadols?


No scare! Starhub and M1. Buy buy buy!



2 comments:

  1. Craziness in the stock market is unpredictable and reaction is unmeasurable

    ReplyDelete
  2. But then that is the beauty of the market.

    That means we are all crazy at one time or another.

    Sure, you are always sober!

    i Don't think so?

    i am crazy at times.

    i still do at my age.

    Maybe you can suspect i am beginning to have DEMENTIA.

    i SUSPECT YOU TOO.

    Ha! Ha!

    // // i give a real example.

    And i hope all ATM'S ESA applicants take note.

    On 31/10/2016; 09:10

    LOCATION: BEDOK RES/123B

    FROM 090XXXXX4-0 TO KEPPELDCREITNRO

    SERVICE CHARGE: $2.

    THE ABOVE INFOMATION TELLS YOU CLEARLY MY ATM'S APPLICATION FOR KEPPELDCREITNRO.

    AS i HAVE BEEN DOING ESA AT ATM FOR "DONKEY'S" YEARS, I KNOW WHAT TO EXPECT ABOUT THE WHOLE ATM PROCESS.

    i WILL BRING A PIECE OF PAPER WITH DETAILS OF MY CDP ACCT, NUMBER OF UNITS ALLOCATED@$X.XX = $XX... .

    i USE TO HAVE ONLY INDIVIDUAL CDP ACCT SO MY ESA OPERATION AT ATM ALWAYS NO PROBLEM.

    NOW I HAVE ADDED A CDP JOINT ACCT WITH MY WIFE SINCE LAST YEAR.

    I TRANSFERRED KEPPEL DC REIT SHARES TO MY JOINT-ALT CDP ACCT.

    SO THIS IS THE FIRST TIME i WAS USING THIS CDP JOINT-ALT ACCT FOR ESA AT ATM.

    A STRANGE THING HAPPENED.

    THERE WAS NO PRINTOUT AFTER MY ATM'S ESA OPERATION.

    THIS MEANS i WAS UNABLE TO CONFIRM WHETHER i HAD USED THE CORRECT CDP ACCOUNT FOR ESA.

    I PANIC SO i IMMEDIATELY ATM'S ESA OPERATION FOR 1000 EXCESS RIGHTS TO SEE WHY NO PRINT OUT.

    THIS TIME THERE WAS A PRINTOUT.

    SOME HOW i WAS "HAPPY" AND FELT REASSURED PRINTER IS WORKING.

    i DID NOT CHECK THE PRINTOUT CDP ACCT NUMBER.
    (i THINK i AM GETTING CRAZY OR GETTING LAU WU TU LOL!)

    TO CUT THE STORY SHORT i GOT ZERO ALLOTMENT AND EXCESS RIGHT.
    (REMEMBER THERE WAS NO PRINT OUT AFTER ATM'S ESA OPERATION)

    DXX IS CLAIMING i HAD USED MY INDIVIDUAL CDP ACCT RATHER THE CORRECT NEW CDP JOINT-ALT ACCT.

    TILL DATE I AM WAITING FOR THEM TO SEND ME A CONFIRMATION LETTER TO SHOW i HAD USED THE WRONG CDP ACCT.

    NOW FRIENDS,

    IT HAPPENED TO ME AFTER DXX'S ATM'S ESA OPERATION THERE WAS NO PRINTOUT THEREFORE UNABLED TO VERIFY ESA WAS DONE CORRECTLY.

    IT HAPPENED TO ME THEREFORE IT CAN HAPPEN TO ANYONE TOO IN FUTURE.

    IT MAY EVEN HAPPENS TO ME AGAIN.

    SO i HAVE ASKED DXX WHEN THERE IS NO PRINTOUT AFTER ATM'S ESA, HOW ARE WE TO VERIFY OUR ATM'S ESA HAS BEEN EXECUTED CORRECTLY?

    TILL NOW NO SATISFACTORY ANSWER FROM THEM.

    PARDON ME FOR LONG WINDED STORY.

    I ONLY HOPE ALL OPMI WILL BEWARE OF WHAT CAN HAPPEN AT ATM'S ESA (AKA WRONG CDP ACCT WILL GET ZERO SHARE)

    SO CHECKING PRINT OUT TO ENSURE ATM'S ESA IS DONE CORRECTLY IS A MUST.

    WHEN NO PRINTOUT, WHAT TO DO(HAPPENED TO ME)?

    STILL WAITING FOR DXX'S SATISFACTORY ANSWER LOL!

    ReplyDelete

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