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, 31 January 2018

RM 2.12 (w GST) Frugal Shopping AT Farther North Of JB


Read? Curry Fish Head For Frugal Shoppers North Of JB (2)

Alamak . Resturant closed!

Lunch at hawker centre.

RM 22 Bak Tu Teh Malaysia style.

Kopi O RM 1


















See nice and grab. Still frugal!

23 items for this round!


































Bullish Market : Experts Plenty!!!


This is like 2007 once more as Uncle8888 has been receiving several emails claiming how good are these experts and showing him all the testimonials of how much money they had made! LOL!

In the last Bull in 2007; Uncle8888 followed his three favourite popular bloggers almost daily by days and nights; but these bloggers then disappeared towards end of Bear market.


1. Top Trader went from full-time trader to his last blog post that he would be looking for a job and quited full-time trading.

2. ExtraOrdinaryProfit blogger became extra ordinary losses??? and then disappeared

3. Chief Trainer and Chief Strategist of School of ChartWhateverWin went silent and stopped showing off his monkey swings by shorting here and longing there.


Let see whether these new experts in 2018 still around when the next Great Bear arrived?


Tuesday, 30 January 2018

How Does Your Investment Portfolio Perform Over Market Cycles Of Bulls And Bears???





Uncle8888's major ROC data points since inception of his investment portfolio in Jan 2000

ROC Matrix 



Monday, 29 January 2018

Sunday, 28 January 2018

Trading Or Long Term Investing??? Market Timing Or Time In The Market??? (2)


Read? Trading Or Long Term Investing??? Market Timing Or Time In The Market???


Until you are strong believer in Market Cycles and Market Timing; and spending Time in the Market collecting high single or double dividend yield stocks in the next one decade or more; it is most unlikely you will have that kid of heart to hold large buffer of cash as war chest.



The Next Bear Has Technically Moved Higher After The Recent STI Rally!!!


Friday, 26 January 2018

Trading Or Long Term Investing??? Market Timing Or Time In The Market???


Two relevant questions which newbies may like to know.

For retail who are already on their full time job, should they be trading, long-term investing or doing both?

Retail trading is sexy!

It is craftsmanship. You constantly improving on your trading skills by tuning, refining and re-tuning your trading parameters. You keep improving your Entries and Exits. When you made into 10% of retail traders who are successful and consistently profitable; and then you can go around to poke the other 90% of failed retail traders who turned into long wrong term investors who are investing long term to break even. 

Trading is sexy! Read? Kep Corp : Bought @ $9.64 for Round 95

Every now and then; you can  post how you made money from trading. Sexy. Right?


But ..... and when trading failed!

Then trading turned into long wrong term investing to break even!

This is real life example of a failed trader turning wrong term investor!

Market timing is important. Wrong entries then you spent time in the market to break even.












Retail long term investing is boring!

Even you are successful retail investor; it is still boring as there is no craftsmanship to shout loud. What are those investing parameters to tune, refine or re-tune?

No! Right?

In investing; you better say luck factor plays the important role in your stock pick. 

When you are lucky and enter at the depressed right stock price (You didn't time the market; it is just plain luck)  with the right stocks; you spend time in market collecting "passive" income and recovering your capital; but there is no craftsmanship to show. 

Boring! Right?

What you collect is dividends and paper gains. Paper gain is not real. Right?

Boring!









Thursday, 25 January 2018

Yield of dreams: Investors have "a once in a lifetime opportunity" in blue chips (4)


Read? Yield of dreams: Investors have "a once in a lifetime opportunity" in blue chips (3)

CEO Loo didn't want to upset shareholder's yield by ring-fencing the huge fine. With the final dividend of 14 cents; Uncle8888's Yield of dream on Kep Corp is still not broken. Heng Ah! 


Since he has first invested in Kep Corp in 18 Sep 2001; every year he is happy with the dividend yield or so called "passive" income.

That year he has invested is still the lowest dividend yield over the past 16 years!


Warren Buffett's bet on airlines lost more than $700 million in sector selloff

Airline stocks plunged following the announcement of an aggressive expansion plan by United.
Warren Buffett's Berkshire Hathaway is among the largest shareholders in the four biggest U.S. airlines.

United fell more than 11 percent.

A bet on airline stocks by Warren Buffett's Berkshire Hathaway lost more than $700 million in value in a sector-wide rout, fueled by worries of an upcoming fare war between carriers.

The value of the Berkshire's stakes in United, Delta, Southwest and American was worth more than $11 billion as of Tuesday's close, but fell by about $727 million in Wednesday's sharp selloff, based on Berkshire's latest disclosure of its holdings in November.

Berkshire was not immediately available for comment.

The sharp decline in the airline sector started after United Airlines executives outlined an aggressive expansion plan that outpaced economic growth and that of some competitors. The plan aimed to gain the confidence of investors that the airline could expand its profit margin and increase revenue, but instead stoked fears of low fares and higher costs.

United shares fell more than 11 percent on Wednesday, while American lost 6 percent and Southwest and Delta each shed around 5 percent.

In late 2016, Berkshire revealed a surprise bet on the sector, which Buffett had previously shunned. Years of post-bankruptcy consolidation among carriers and a decline in fuel prices has helped airlines rake in record profits in recent years.

The Berkshire CEO told CNBC in February that airlines "had a bad first century." They're kind of like the Chicago Cubs," he said. "And they got that century out of the way, I hope."

Now airlines are facing more competition from low-cost rivals as well as rising fuel prices, but strong economic growth and strong business travel demand is expected to be a tailwind for the sector.

Investors will next focus on American Airlines and several of its competitors, including JetBlue and Southwest, which are scheduled to report their quarterly profits on Thursday morning.


Wednesday, 24 January 2018

"Leveraged" Yield???


This is so sexy!

Open margin trading account and for risk management you can cap it to 30% to 40% leverage and there you go. You pay back your brokers or bankers interests due and pocket the net return after interests. You now achieve leverage yield on your OWN capital. Leveraged ROC! Shiok!

Do it well. You can give a Talk to show people how to do leverage yield on some "high" quality and higher yield stocks e.g. S-REITs.

Once upon a time there was man who kept boasting about his leveraged yield on his bond investing in the famous cbox and made the rest of us not doing leveraged bond investing looked stupid. 

Hmm .. leveraged yield on own capital through margin trading account by borrowing some money through brokers or bankers.

"Leveraged" yield without margin trading account possible?

Hmm ... okay. Technically; it is white or  black mice theory!

Uncle8888 also achieves "leveraged yield" in different way by:

1. Return OF Capital : 100%

2. ROC : 174% (23 Jan 2018)

3. Estimated "leveraged" yield in 2018 : 5.7%

Uncle8888 leverages from OPM's money in stock market. Like that. Can right?

So many of us are in fact; leveraging?










Tuesday, 23 January 2018

Bitcoin is not an investment we would advise, UBS chairman says


Read? Bitcoin is not an investment we would advise, UBS chairman says

CW8888: This man said it correctly!

UBS believes that bitcoin is a speculative investment and is not advising its clients to invest in the digital currency, the bank's chairman told CNBC Tuesday.

Speaking at the World Economic Forum in Davos, UBS Chairman Axel Weber said the bank makes a clear distinction between institutional and retail clients when it comes to investing in bitcoin.

"We do make that distinction, there's institutional clients and if they want to invest in (bitcoin) — they are grown-ups, I mean they know what they are doing, they have the capability of judging this risk — and if they ask us to help them access, to enter these markets, we need to look at that differently than retail clients," Weber told CNBC.

"Retail clients, who don't fully understand these products should be protected from going into these products, because if there is a retail client affected in the future, the question will be again who was the bank that sold them these products and then banks will be blamed again for what has happened," Weber said in reference to some banks being criticized for selling complicated financial products prior to the global financial crisis without explaining them in full.

Weber warned that "clearly with bitcoin, this is a speculative investment; I don't call it currency and retail clients do not have the risk bearing capacity nor the knowledge to invest in that."


Though UBS allows institutional clients to trade bitcoin, Weber made it clear that "this is not an investment we would advise."


Second New Record Set in 2018 For Investment Portfolio!!! (2)


Read? A New Record Set in 2018 For Investment Portfolio!!!


It is like 2007 once again!

But, this time in 2018; Uncle8888 is wide awake with his two eyes wide open; he is NOT going to repeat the same mistake in 2017 getting caught with his pant down with -53% in 2009 from 2007 Bull Peak!

This time let see what did he learnt after 18 years in the stock market and how effective can he apply what he has learnt so far.

The second new record set is visible now i.e. not winning by a nose.







Monday, 22 January 2018

SGX : Real Breakout!!!


Read? SGX : Somebody Have Better News Before H2 Result???

Straight Up!

So bullish!

Will it also break the third resistance @ $8.30 convincingly?



A New Record Set in 2018 For Investment Portfolio!!!


A new record by a nose is set today for Uncle8888's Investment Portfolio and also set under largest war chest ever with so much cash rotting. 

The last record was set on 31 Jul 2014.

Hope that the Bull will continue to run higher!














Sunday, 21 January 2018

Sometime Less Is Shiok!!!


Hot, thinner but more crunchy and crispy!

For $1.30 elsewhere you have it thicker but not that crunchy and crispy!



You Invest What You Can Afford To Lose? Right Or Wrong???


Often we hear this saying in the investment cyberspace or social media : You invest what you can afford to lose and more often this is the general advice to newbies. 


The truth on the ground practice by serious retail investors is  ...

You speculate what you can afford to lose. It is speculating and NOT investing!

You look carefully at many serious retail investors and investment bloggers on what they are doing with their investment portfolio and SINGLE stock positioning and portfolio management. 

It is NOT uncommon for these retail investors to build on single stock position up to X% or investment portfolio up to XX% of their net worth!

X% or XX% of their net worth is NOT something they can afford to lose. Right?


Newbies haven't earn their right to call themselves as investors so they are in fact just speculators. Right?

So the advice is actually : You speculate on what you can afford to lose!




Saturday, 20 January 2018

Former Hougang ST 21 Beef Noodle Re-opened At Kovan Mee Sek Food Court (Punggol Nasi Lemak Centre)


His son closed the stall at Hougang St 21 as he didn't like to work on weekends. Old man after recovering from his illness re-opened at Mee Sek Food Court. Uncle8888 has been eating this beef noodle for a long time!



$5






Friday, 19 January 2018

Who Are Those Paying Attention To National Budget 2018???


You say lor!

Uncle8888 said ..

Those who are currently practicing personal finance, personal investing and personal budgeting; and of course after these personal matters then got time to pay attention to national budget 2018.

Those who are NOT keen on personal finance, personal investing and personal budgeting; where GOT TIME for paying attention to national budget 2018. 


So how to get more people to pay attention to national budget?

Okay. How did Uncle8888 get interested in national budget every year?

First; he got started in personal finance, personal budgeting and personal investing!

Something has to happen first before someone is willing to spend some time to understand it. Otherwise; where GOT TIME hor!

Any MOF personal in charge of the campaign Budget 2018 reading here?

Hee hee!



One Uncommon Act Of Kindness! (4)


Read? One Uncommon Act Of Kindness! (3)


Uncle8888 likes to watch out for seniors when he is roaming across the island of Singapore in MRT stations.

This evening when he was walking towards Hougang MRT station gate; his quick eyes and mind caught one senior who was trying to enter the MRT station but the gate didn't open. 

Those passing through the adjacent gate were too hurry to bother with this old man. 

When Uncle8888 tapped out and checked what happened to this old man. He noticed he didn't have any card in his hand.

CW: Where is your card?

Senior: No card.

CW: Where you do want to go?

Senior: Ta Po

CW: No card. How to go?

Then old man took out some coins and wanted to buy card.


CW: Where you stay?

Old man: Hougang.

CW: You know how to go home?

Old man. I stay Hougang. Of course I know how to go home.

Old man: You work so late!

CW: Ya.

Old man: I got shop. You free. Can come and sit!

CW: We go home and take card.

So Uncle8888 told him we go home together and followed him.

Old man knew his way back to the shop. When we reached the shop; one man stepped forward to us and Uncle8888 told him that he found old man at MRT station and accompanied him back just in case he was lost!






Thursday, 18 January 2018

SGX : Somebody Have Better News Before H2 Result???




Monday, 26 September 2016


Has been on Panadols for more than one year!




Wednesday, 17 January 2018

Randomness, Chance, Luck And Co-incidence??? (4)


Read? Randomness, Chance, Luck And Co-incidence??? (3)


Why some of us can tio ToTo Jacktop?

What is the probability of bumping into two persons in the same day?

(1) Bump into one Starfish who once had lim kopi session with him.

(2) Bump into one former recruit from School of BMT days in Pulau  Tekong Camp. He told me he could remember me as he still have the photo of the Platoon. Not sure how many of you still have this photo which was taken before Passing Out Parade. Uncle8888 has threw it away long ago! LOL!


Bitcoin drops below $10,000 with $30 billion of value wiped off in a day as cryptocurrency sell-off deepens


Read? The Power Of Nimble!!!

CW8888: So far; on what he had read on those few investment bloggers who were blogging about their "investment" on bitcoins. He doesn't think any of these bloggers are hit badly by current bitcoin crash. That is power of nimble!


Bitcoin fell below $10,000 for the first time since November, as a sell-off in cryptocurrencies continued for a second day Wednesday.

The world's largest cryptocurrency was trading at $9,958.31 at about 6:50 a.m. ET on Wednesday morning, and was down almost 12 percent in the last 24 hours, according to CoinDesk data. CoinDesk tracks prices from cryptocurrency exchanges Bitstamp, Coinbase, itBit and Bitfinex. It recovered slightly to a price of $10,261.16 at around 8:40 a.m. ET.

The last time bitcoin fell below the $10,000 mark was November 30. The red-hot digital asset soared to a record high of $19,343 last month, but has since been on a gradual decline. At its current price, it is now down almost 47 percent from that all-time high.

In the last 24 hours, more than $30 billion of value was wiped off of the cryptocurrency.

Tuesday, 16 January 2018

STI Since 1990


Is this Bull still charging ahead in 2018 to beat 2007 Bull?





















Sunday, 14 January 2018

Building Net Worth For Retirement : Lifetime Of Earned Income As Employee, Investment Journey Of Winning And Losing And Then Into Retirement Distribution Phase


For those who can appreciate Waterfall chart!

This one chart tells the complete story of Uncle8888 on how he has built his net worth from lifetime of earned income after tax for 39 years as employee from Aug 1977 to Sep 2016; and 18 years of investing journey from Jan 2000 till now through several market cycles of Boom and Doom suffering large losses as well.

It is a investing journey of pains, doubts, and learning!

When we lost too much in the Bear market; and we will be spending the next Bull trying to recover from large loss just to break even. Is this called investing? LOL!

Why timing the market and time in the market are very important?

When you spend too much time in the market with your stock holding BUT too little cash on hand in the Bear market; you are going to cry sooner!

Dividends are just Panadols to ease your heartache and headache!






Saturday, 13 January 2018

Kep Corp : The Worst Should Be Over Now


May be small small goodie for 50th Year anniversary celebration given poorer earning in 2017. 

Dinner for minority shareholders so that we meet other shareholders? :-)

Any Keppel's Investor Relation personnel reading? LOL!



Friday, 12 January 2018

What Really Made Me Learn From My Investing Mistakes???


Read? Small retail investors so excited over SCB

The moral of the story ..

If you can't feel the great pain immediately and learn from it; you may be killed slowly without even knowing why.

It is those pain that through our head and heart; then we will truly learn from our investing mistakes and NEVER again!


DCA, Lump Sum Investing And War Chest: Timing The Market And Time In The Market


Like it or not; long-term investing is still a Game Of Strategies. 

You will need to find your own investing strategies to match your investing goals to build wealth during accumulation phase or build sustainable retirement income for life during distribution phase.

Both DCA and Lump Sum investing can be considered as save and invest strategy. For DCA you save and invest regularly. For Lump sum you invest when you have enough money. 

For War Chest, you already have the money to invest but time the market.


You see the difference or you don't?



Thursday, 11 January 2018

Your CPF Investment Account : Uncle8888's foolish advice again!!! (5)


Read? Your CPF Investment Account : Uncle8888's foolish advice again!!! (4)


Most of us will not have large CPFIS as war chest so we will weight it against market condition before touching this compounding 2.5% interests to turn it into compounding investment return which can be negative return.


Even you currently have $1M balance in your CPF OA; your CPFIS is still limited to $350K including current stock investment costs of your investment holdings in your CPFIS bank account.


Use CPFIS wisely!

It is NOT just about beating 2.5% compounding interests. OK?




Randomness, Chance, Luck And Co-incidence??? (3)


Read? Randomness, Chance, Luck And Co-incidence??? (2)

Are randomness, chance, luck and co-incidence co-related to the Law of Large Number?

Uncle8888 tends to believe so!

E.g. large account size; large this and that etc.

Oh oh oh.

Who is that sitting next to the reserved seat?

He is one of his ex-company's big bosses!

Better siam to the other reserved seat. :-)



Wednesday, 10 January 2018

Eastman Kodak unveils cryptocurrency, stock doubles


Read? $24 million iced tea company says it's pivoting to the blockchain, and its stock jumps more than 200%


Walan! Confirmed liao. Bitcoin is the new Dotcom Bubble!




SAN FRANCISCO: Shares of Eastman Kodak Co more than doubled on Tuesday after the one-time leader in photography became the latest company to jump on the cryptocurrency bandwagon.

The storied Rochester, New York-based company said in a statement it is launching a cryptocurrency called "KODAKCoin" for photographers, part of "KODAKOne," an image rights management platform in a licensing partnership with WENN Digital.

The platform uses blockchain technology, the backbone of bitcoin and other digital currencies that have surged in recent months and raised fears of a price bubble.

The stock was last up 92 percent at US$5.95 in midafternoon trading on the New York Stock Exchange, off an earlier high at US$6.65.

The film pioneer founded over a century ago has struggled to transform itself into an imaging software and technology company. Kodak was a Dow Jones Industrials component until April 2004, and its stock has slumped 90 percent since it emerged from bankruptcy in 2013.

Several other companies in recent weeks have been rewarded with sharp rises in share price after announcing their transformation into cryptocurrency businesses.

"This is getting ridiculous," said Dennis Dick, a proprietary trader at Bright Trading LLC in Las Vegas. "From a fundamental point of view, none of this makes sense."
Riot Blockchain shares have tripled since October when the former biotechnology firm changed its name and said it was revising its business focus to bitcoins.

Soft drinks maker Long Island Iced Tea has more than doubled since it said it was shifting its focus to blockchain technology and changing its name to Long Blockchain Corp.

Also on Tuesday, Inpixon surged 9 cents or 40 percent to 31 cents per share after the data analytics company announced it would adopt blockchain technology.

WENN Digital belongs to WENN Media, which provides photos to websites and media.

(Reporting by Noel Randewich, Editing by G Crosse and Matthew Lewis)
Source: Reuters

Hobby Fishing: At Yacht Or Jetty???



You think Uncle8888 is a frugal fisherman at Jetty?


Nice example of what is frugal!

Frugal to escape?

Given a chance which frugal fisherman at Jetty doesn't like to fish at the yacht with glass of wine and under shade in the sea while looking back at those at the Jetty?


Monday, 8 January 2018

Korea’s Cherry Blossoms 2018 Forecast: When & Where to Catch Them?


Hopefully; this forecast is chun as Uncle8888 has already booked air ticket to see cherry blossom in Busan from 29 Mar to 4 Apr 2018.

Busan and Gyeongsangnam-do: 26 March to 2 April 🌸

Jinhae Gunhangje Cherry Blossom Festival, Jinhae


Giving To Freegans. This Is So Much Better Than Having Them To Dig Into Bins (2)


Read? Giving To Freegans. This Is So Much Better Than Having Them To Dig Into Bins


At Uncle8888's block

Got Bak Kwa!


Sunday, 7 January 2018

Commentary: More retiring later, but is it for the right reason?


Read? More retiring later, but is it for the right reason?

The reality of retirement only starts to dawn for most people in their 50s, leading to unhealthy reasons for continuing to work, says the Singapore University of Social Science’s head of the gerontology graduate programme.

SINGAPORE: As a sociologist and a gerontologist, the retirement phase is of great importance and interest to me.

From the life-course perspective, retirement is the cessation of gainful activity or full-time work. It is a phase in one’s life which has accrued much attention due to the growing longevity of human beings and demographic ageing of most societies around the globe.

In Singapore, the retirement age has been increased from 60 to 62 years, and re-employment is possible until 67 years and beyond.

Today, more seniors aged 55 to 64 are working than ever before.

One reason why people are retiring later may be that attitudes about retirement are shifting as people live longer lives.

In 1996, I conducted 13 focus groups with people in their 50s in Singapore to gain insights into the complex perceptions and processes involved in the preparation for retirement.

In Asia, many are self-employed, they do part-time work in a family business or they are housewives. 

In the strict sense of the word retirement, many may feel that this group would never retire. 

Yet, some housewives in my focus group research mentioned they looked forward to retiring.

When asked to clarify, one lady said she would like to hand over the role of running the household to her daughter-in-law so that she would not have to worry about cooking meals and keeping the home clean. 

It seems that retirement can have a different meaning for people in various cultures and contexts.

CW8888: Housewife or househusband is a job too! :-)


Perhaps people retire late because they haven’t thought about what to do with themselves when they retire and the idea may be frightening.

The reality of impending retirement only starts to dawn when people enter their 50s. 

Even though we all know preparation for retirement should start from the time we start working, the many responsibilities of providing for your family, personal needs and paying off debts prevent us from fully considering what we’d like to do when we retire.

Those who look forward to retirement as a time to achieve their dreams, to immerse themselves in a start-up or social enterprise, or take up hobbies and adventures that they could not indulge in earlier, would probably have a positive outlook.

For some others, it may be a time of uncertainty and soul-searching.

Thoughts on whether one should transit into part-time work after 62 or continue to work at the same pace even though one feels fatigued are commonplace.

THE ANSWER TO ONE’S LIFE STAGE

Another reason why people put off retirement is that their work keeps them going.

In a small study that involved interviews with older workers who had opted to continue working after 62, we found that their choice was driven by the desire to contribute to society, keep healthy, be socially connected and mentally active. Hence, retirement was not the answer to their life stage yet.

Some may wonder why someone would want to continue working when he or she could easily lead a more relaxing life. 

Sociologists have explained that sometimes there is an intrinsic fear of letting go of one’s work identity. Many individuals have identities largely made up of their work role, particularly men.

Could it be that more people are putting off retirement, not because they enjoy the work but because retirement creates a vacuum in their lives?


In a recent news report on the loneliness epidemic, former US surgeon-general Dr Vivek Murthy said:

We live in the most technologically connected age in the history of civilisation, yet rates of loneliness have doubled since the 1980s.

Many are afraid of loneliness – for instance, singles who live independently – and may hence delay retirement.

In 2016, 47,400 seniors in Singapore lived alone, about double the number in 2006. The figure is projected to swell to 61,000 in 2020 and 83,000 in 2030, according to news reports. While some seniors living by themselves may have family, others may not.

This trend of seniors living alone may outstrip the projection if we consider the trend of more adults choosing to remain unmarried in Singapore.

While not all people who live alone are lonely and isolated, I think it’s safe to surmise that in the retirement phase, retirees are likely to have unmet psychosocial needs if they do not have family members.

In some cases, they may have family members but do not share cordial relations.

A TRANSITION NOT A STAGE

In my view, retirement is not a stage but a transition, and the choices people make about how much to work bear this out. 

Seniors who are healthy may enjoy their work and have a passion for it, including doctors and counsellors, and they feel that work gives their lives meaning and purpose.

Having a purpose gets more important as we grow older - it gives one the push to wake up and get going. It provides nourishment to the mind, body and soul.

In Singapore, most financially secure people who reach 65 years exit from the workforce – they’re the most unencumbered group who can make decisions about when to retire. After a few years of “honeymooning”, they may return to contribute as consultants or part-time employees.

Those whose health is deteriorating may have to leave their jobs, even if they are not financially secure. 

The last category consists of those who have financial liabilities but good health – they may continue working for as long as possible until they bid farewell.

Voluntary retirement with sufficient financial means is obviously the ideal situation.


CW8888 : Thumb up for freelance job without any corporate KPIs imposed or impress upon on us. There are no bosses; but job co-coordinator! This is what Uncle8888 has learnt about it. Freelancers are NOT obliged to seek approval for any absentee but notify any absentee to job co ordinator.


But as much as work is important to achieving this, active preparation for retirement is vital, for it paves the way for a more satisfying life stage in our golden years.

Professor Kalyani K Mehta is head of the gerontology graduate programme at the Singapore University of Social Sciences.

Should I Use CPF OA or Cash To Pay My Home Mortgages???


OT834 January 2018 at 12:24:00 GMT+8

Hi Uncle CW,

Huat ah! Power! But nowaday all use CPF to pay house. Even mandatory contribution also doesn't have much compounding effect already.


Hmm .... may be how some of you or many of you also think like OT.

Should I use CPF OA or cash to pay my home mortgages?


Three scenarios for home mortgages here:

1. No spare cash so no choice has to pay home mortgages with CPF OA

2. Use spare cash to pay home mortgages and CPF OA to earn compounding 2.5%  interests

3. Use CPF OA pay home mortgages and spare cash to earn compounding investment return


1. No spare cash so no choice has to pay home mortgages with CPF OA 


"But nowaday all use CPF to pay house. Even mandatory contribution also doesn't have much compounding effect already."


The response from Uncle8888 to the above statement is No hor!

The compounding effect of CPF OA 2.5% interests is intact. It is just compounding inside the value of your residential home and out of CPF OA account!

How come and why like that?

In this case; you are using your CPF OA and accrued 2.5% compounding interests as your investing capital for home mortgages.

When you decided to sell unlock the net capital gains of your home property after deducting the cost of (1) fully paid replacement home,  (2) total mortgages using CPF OA and (3) accrued interests and (4) any other fees


2. Use spare cash to pay home mortgages and CPF OA to earn compounding 2.5%  interests



Your spare cash as capital invested in your home property. Same as Case 1 you will earn net capital gains after deducting the cost of (1) fully paid replacement home,  (2) total mortgages and (3) any other fees

Your CPF OA will continue to earn 2.5% compounding interests

3. Use CPF OA pay home mortgages and spare cash to earn compounding investment return



For CPF OA; it is same as in Case 1!

For cash, you will earn compounding investment return.


Technically and Mathematically; your CPF OA will continue to earn 2.5% compounding interests till you decided to fund your retirement income with either your CPF OA account itself or through CPF OA refund on mortgages and accrued interests.


Any significant Pros or Cons?

If any; it will lie in your heart!

The financial difference will be capital appreciation of your home property and your investing skills across market cycles in whichever scenario you have taken.







Saturday, 6 January 2018

3 Bagger Tip!!!


Read? TIP - To Insure Performance? Not Really For One Time Effort Job

So far he has received tips from $1 to $20 and men are more likely to give tips!


We have to look at BOTH number as ONE: Absolute and % to be truly and really impressed by the number. Either number is not good enough to conclude that WoW factor!

That $1 tip is between 0.5% to 11% of the service value; but $20 tip is a 3 Bagger! That gentleman who gave $20 is truly impressive. Those in service field, have you came across such multi-bagger tips too?




Friday, 5 January 2018

Why I Blog?


More than 11 years of blogging and still going strong!

No incentive and no threatening to quit!


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.


Uncle8888's first three blog posts .....


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

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

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



Dow closes above 25,000 for the first time after strong jobs data

The Dow Jones industrial average broke above 25,000 for the first time on Thursday, tying the fastest 1,000-point move in its history, following the release of stronger-than-expected jobs data.

The 30-stock index climbed 152.45 points to 25,075.13, with General Electric, DowDuPont and IBM rising about 2 percent.

"The Dow hitting 25,000 was a pretty wild idea even a year ago. And while its symbolically important, the real story is never just a number. It's the underlying strength that is pushing markets this high," said Steve Claussen, vice president of trader strategy at E-Trade.

The Dow broke above 24,000 for the first time on Nov. 30, or 35 calendar days prior to hitting 25,000. It also took the Dow just 35 days to rise from 20,000 to 21,000 last year.

The S&P 500 gained 0.4 percent to close at 2,723.99, with financials rising 0.9 percent. The Nasdaq composite advanced 0.2 percent to finish at 7,077.91. Both indexes also closed at all-time highs.

"Right now, we're in this Goldilocks scenario," said Tim Courtney, chief investment officer at Exencial Wealth Advisors. "The news has been good. Confidence is up. Everything is lining up just right."

The U.S. private sector added 250,000 jobs in December, ADP and Moody's Analytics reported before the opening bell. Economists polled by Reuters expected a gain of 190,000.

U.S. Treasury yields moved higher after the report was released. The 10-year yield traded at 2.45 percent, while the two-year yield rose to 1.96 percent.

"This was a solid number and with a near record amount of job openings, maybe more people are coming off the sidelines, enticed by higher wages which are coming," said Peter Boockvar, chief investment officer at Bleakley Financial Group.

Thursday, 4 January 2018

If Bitcoin Mining Is Profitable, Why Are Geeks Selling You Computers Instead Of Using It Themselves?


Read? If Bitcoin Mining Is Profitable, Why Are Geeks Selling You Computers Instead Of Using It Themselves?

LOL!

Uncle8888 has a good laugh when he read it!

Same same as those "Gurus" who sold trading or investment secret courses to Bei Kambing! 

Why don't "Gurus" quietly made money themselves?

The answer is ......

Uncertainty Regarding Profitability!





STI - Can The Bulls Made It Tomorrow???


Wednesday, 3 January 2018

Turning 55 - and enjoying financial freedom (8)


Read? Turning 55 - and enjoying financial freedom (7)


Read? 1M65 CPF OA Possible Or Not???


Counting interests no stress unlike collecting dividends as Panadols when sitting on paper losses.

Uncle8888 has already withdrawn $23K from CPF SA and CPF OA in Dec 2017


CPF OA = $21,478 +  $3,267 = $24,745

CPF SA = $1,522 +  $139 = $1,661

CPF MA = $2,145

CPF RA = $7,556

Total = $36K or $3K per month


Since there is no more mandatory CPF contributions after his retirement from full-time job as employee and he still says NO to voluntary CPF top up to all 3 CPF accounts. 

Currently; he only contributes to CPF MA as self-employed for his 8 HWW + XX Hours Variable WW so that he will qualify for Workfare as low income worker. This is money from Government and not CPF interests!


This is how he accumulates $1M in CPF OA!

Voluntary CPF Top Up























Tuesday, 2 January 2018

当你老了


Today; Uncle8888 sat next to two very seniors in their 70s in MRT train. One of them kept showing photos on his mobile on his daughter and his grandson on their holidays in Perth to the other senior. This photo and that photo. The other senior seen to be supporting him by showing interests. And then he asked: 

"Did you go?"

"No. You looked at the way how I walk. How to go?"


It’s safe to invest entire life savings in stocks. But it can be safer!!! (4)


Uncle8888 has read many books on NLB shelves and Cyber world to look for more reliable way to build sustainable retirement income for life. He has chosen this Method over 3 to 4% Withdraw Rule advocated by many financial planners!


The Balance Sheet


A more sophisticated way to measure the success of a retirement portfolio is the one used by large pension plans. You compare what's called the actuarial present value of your assets and liabilities. The twist: Instead of looking at current assets and liabilities, you look at the value of all your expenses in retirement as a lump sum as compared with the value of all your assets as a lump sum.

Read? It’s safe to invest entire life savings in stocks. But it can be safer!!! (3)



He also improved this Method with his Three Taps Solutions Model to build sustainable retirement income for life without too much dependency on future volatile market cycles for income support.



















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