No re-investing of dividends from Kep Corp which was bought in Sep 2001 at $1.32 till now. All dividends were refunded through CPFIS back to CPF OA to earn 2.5% compound interest since Dec 2001. After 17 years, ROC based on total compounded interests from Dec 2001 to Dec 2018 = 135% Average ROC per year = 7.9% The beauty of compounding will only happen near the tail end and then it will make the Average looks attractive. Compounding interest separates the rich from the broke. The great Albert Einstein once said “Compound interest is the eighth wonder of the world. He who understands it, earns it … he who doesn't … pays it.” The 1st decade of dividends sitting in CPF OA earning 2.5% return was boring! Any difference from ugly duckling or ugly caterpillar?
Last updated : 15 Sep 2018
I am 62 yrs old uncle living in HDB heartland who has achieved financial independence @ 56 and finally retired @ 60 from full-time job as employee on 1 Oct 2016.
Single household income since 1995 with three children. Eldest son and daughter are now working and youngest son still in his 3nd year Uni in SUTD.
I have been doing long-term investing and short-term trading in Singapore stock market only since Jan 2000 so I am that Panda or Koala in the investment world; but I am still surviving well in the wild.
I am now executing my Three Taps solution model to maintain sustainable retirement income for life till 2038.
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