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.

Click to email CW8888 or Email ID :

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

Saturday, 14 September 2019

Unlocking SRS At 62 And Avoiding Being Taxed (3)

Read? Unlocking SRS At 62 And Avoiding Being Taxed (2)

Last Friday was Uncle8888's second year of unlocking cash flow from his SRS account.

Guessing only! May be this time was a repeated transaction and transfer of cash from SRS to saving account was fast! 

On Blog Leave From 15 to 20 Sep 2019

Last fishing trip, Uncle8888's luck was not so good!

Hope for better luck this time!

and also not mango season so fewer wild mangoes to pick up!

Friday, 13 September 2019

Can You Afford To Be Greedy When Others Are Fearful?

Read? Sometimes, it's wise to be fearful when others are fearful

Uncle8888 has went through a few market cycles in the last 20 years. He understands the truth behind "Warren Buffett's be greedy when others are fearful"

The truth is ...

Can you afford to be greedy when others are fearful?

Past three market crashes : 

1. Sep 11 2001 WTC Attack, 

2. SARS 2003 

3. GFC 2008/2009

For the first two market crashes; Uncle8888 didn't feel that fearful. 

But, for GFC 2008/2009, it was bloody different!

It was when Greedy --> Fearful --> Panic 

Read? Market Cycles of What???

Why he felt so fearful and then panic by end Nov 2008?

When he realized he couldn't afford to be greedy; so he became so fearful! Simple mind flip! LOL!

1. Fear of losing his job!

2. In 2008, when every other day, he read bad news and prediction of Great Depression 2.0 coming. It could last more 10 years! His thought of Ah Boi and Ah Ger going to university in August 2009 getting him more worries.  Where is the money? 

But, this time is different!

For the next market crash; he believe he can afford to be greedy.

1. No more fear of losing his job as he is retrenchment proof now!

2. No more financial burden of supporting his children university education.

3. His war chest is rotting so badly!

Thursday, 12 September 2019

Workfare Payouts (3)

Read? Workfare Payouts (2)

The Government will enhance the Workfare Income Supplement (WIS) Scheme to uplift the incomes and CPF savings of lower-wage workers, as well as to encourage them to work regularly

Hmm ... 

May be WIS should be renamed as Medisavefare since since 90% of the payout goes to Medisave. LOL!

Tuesday, 10 September 2019

FINAL : Counting The Cost Of University Education at SUTD. End Of Funding Three Children Education!!!

Read? Counting The Cost Of University Education at SUTD (12)

Uncle8888's youngest son has graduated this month and he will be starting work at end Oct 2019 after going for his three weeks post-graduation vacation in Japan in Oct with his university class mates.

Total university costs for his three children = $30.5K + $61.4K + $78.9K at NUS, SMU and SUTD respectively is $171K

At 5% yield, that is $8.5K passive income per year flown away as his retirement income!

Monday, 9 September 2019

SGX: Sold @ $8.52 Round 2

Read? SGX (9) : New 52 WH at $8.58 but closed @ $8.45

Monday, 26 September 2016

Read? SGX : Bought @ $7.46


Taking Panadols for three long years!

Looking forward to Round 3 to make SGX as new Half Pillow stock.

Read? Pillow Stocks Strategy (2)

Sunday, 8 September 2019

How Come Investing Courses Can't Be Advertised Like Skills Future Courses??? (2)

Read? How Come Investing Courses Can't Be Advertised Like Skills Future Courses???

Out of curiosity; Uncle8888 went to search that email which is offending FAs and then .... LOL!

Our proprietary growth investing strategy to spot 100% - 300% profit per growth stock

How to avoid dangerous stocks like Hyflux 

Walau! Snake oil marketing at the best!

Whoever can spot potential dangerous stocks like Hyflux should be shorting big time and become millionaire!

Read? The Hyflux story so far

Whoever can foresee Hyflux woes is God of Investors!

Investing FOMO And Its Real Cost


To every retail investor; theory and practical and reality on ground is so much difference.

How scary is the real cost and risk of cash to catch the next big Bear?

Once we track our investment portfolio and its cash flow generation; we will roughly know its real cost and risk of cash.

Personal Actual


Saturday, 7 September 2019

SGX (9) : New 52 WH at $8.58 but closed @ $8.45

Read? SGX (8) : Closing @ new 52 WH at $8.50

You do TA and I do TA; but we all see differently so we have buy, hold or sell/short in the stock market! 

But all think we are right!

So hard to sell! (2)

Read? So hard to sell!

Read? How to Hold a multi-bagger?

Buy, Right and Hold and then becomes so hard to sell!

Uncle8888 also find so hard to sell his Three Little Pigs to the Wolf!

Why like that?

Lacking in ...




Freehold. So can bo chap?

Endowment bias is far too strong?

"Passive" income at MINIMUM yield on cost @ 6.3% p.a. for life over 42 years till 85 age old.

It is better than his RA Minimum Sum yearly payout with variable higher payout.

Hmm ..

RA Minimum Sum: A lifetime of CPF contributions till 55 after 34 years as employee

Three Little Pigs : 20 years as retail investor taking emotional roller coaster ride up and down through market cycles and periodically hearing bad news and then time to sell and finding so hard to sell! Sigh!

Are we smart trader or dumb investor?

Can we really become mutually inclusive as smart trader and smart investor at the same time?

Can we still find potential multi-baggers with implementation of trailing stops to protect profits over market and economic cycles?

Thursday, 5 September 2019

SGX (8) : Closing @ new 52 WH at $8.50

Read? SGX (7) : Closing @ new 52 WH at $8.35

Hmm .. are BBs doing again like the last peak at $8.50 and then dump all the way down to retails who may be buying more on pull back and correction?

Buyers/Sellers = 3,164,700/1,628,500 = 194%

Wednesday, 4 September 2019

The developed world is on the brink of a financial, economic, social and political crisis

SGX (7) : Closing @ new 52 WH at $8.35

SGX (6) : Tug of War Between Institution and Retail

Hmm .. who is right? Follow buyers or sellers???

Last week, retails were selling!

Next super strong resistance @ $8.50

Tuesday, 3 September 2019

Market Timing And Attending Investment Training Courses

Market timing is applicable to attending investment training course too! 

If you happened to attend any investment training course in 2006; you have won shiok shiok till end 2007. 


My trainers bagus man! 

You see how much money I have made! Highly recommended! 

Here is testimonial!

Someone told Uncle8888 during his kopi session that he made $200K profits in 2007; but lost back that $200K profits and currently sitting on total net $300K losses in his investment portfolio.

What if you happened to attend any investment training course in mid 2008. You hosey liao!

You can proudly produce your testimonial to prove that the course is really bagus! Got multi-baggers some more! 

Who still say market timing is not important?

Sunday, 1 September 2019

HDB Flat Lottery Results

Read? Is Your 99 Years Leasehold Property HDB Flat An Investment???

Understanding 7 Common Stock Market Risks As Retail Investors

Rainbowcoin 1 September 2019 at 12:02:00 GMT+8

Hi Uncle8888,

Could you combine all the 'risks' into one post or give a common, less generic label? Hehe

Fun to read them. :)

You often hear this - Investing in Stock Market is risky.

In fact, investment of any kind including setting up your own business by nature is risky, and can potentially cause you lose some or all your investing or initial capital. 

Actually as a paid employee you also face similar risks of losing your job when you approach 40s or 50s. It is a well known fact that HR department update this list of employees in these age groups during annual budget exercise. 

So what are the possible Stock Market Risks and how can we as retail investors mitigate these risks?

1. Price Volatility Risk 

Need to learn how to time your Entry and Exit points

Buy in batches by Average In (different from Average Down)

Sell in batches

Read? Newbies Do Not Earn The Right To Average Down. Never!!! (Refresh)

Read? Bear market is here. Let's accumulate more by average down? (2)

Read? Help me! I am still losing money in my Investment Quadrant (5)

2. Companies Risk

Select top tier blue chips that are likely to be rescued by Temasek.

Limit your exposure to any stock to less than 10%, and for bigger account size less than 5%

Limit your exposure to any sector to less than 20%, and for bigger account size less than 10%

3. Currency Risk

Invest in Singapore only

4. Lack of Knowledge and Skills

Read? Investing Knowledge and Skills

5. No Time for Research and Monitoring

You mean other people got more than 24 hours? Time is the fairest commodity of all and everybody has the same amount of time, no more or no less. 24 hours a day!

Wake up if you don't have time and stop dreaming!

6. Liquidity Risk 

This risk is associated with the ability to sell out our stocks easily without depressing the price level further and causing potential buyers to retreat to sideline in anticipation of more fire sales coming.

It is true that when we buy stocks which have low liquidity; we can have all the time in the world to buy slowly. I am not sure if the opposite is true when you need to sell? 

Do you really have the time in the world to sell slowly? Probably, you may have urgent need to raise money; otherwise, why would you be selling?

This Great Bear of 2008 taught me there is another risk to think about:

7. Dilution Risk 

Even if you only invest in blue chips that are strategically important to Singapore and the government will never allow them to fail. So there is very little risk of complete failure but you are still expose to the dilution risk i.e. your interests in your holding get diluted by these companies injecting more capitals to strengthen up their balance sheets by raising more capitals through private placement or right issues.

Private Placement to Institutions

You either get out or get diluted. If you have decided to hold on; then it may take a long while for your current holding to get even.

Right Issues

Same here. You can choose to get out or exercise your option to prevent your current holding been diluted by subscribing to all your entitled right issues to hold it at higher investment cost.

If you don't, then your interests will take a long while to get even.

Do you have war chest for right issues and especially true for those heavily into S-REITs when their business model for raising right isses is BAU?

Saturday, 31 August 2019

Walk for data

StepUp is a one-of-its kind rewards programme. Activate StepUp via My Singtel app and start walking to earn free data and more. Plus, stand to win a smartwatch!

10,000 steps or more per days and 10 days for 1 GB free data.

Total 4 GB free data as of today!

The Laws of Investing

Read? The Laws of Investing

Law #11: The most persuasive evidence is what you want to be true and/or have experienced personally.

A good investor turns over many rocks in a quest to find something special. But special is subjective. What you think is amazing may bore me, and vice versa. The special things we discover usually aren’t like nuggets of gold, with a specific quantifiable market value. Special is in the eye of the beholder, and because of Law #10, the trick is getting others to eventually behold it. Take value stocks. They are loved by many and, by definition, hated by others. Your story vs. mine.

“Special” is defined by a story, and the undefeated Pulitzer Prize-winning storyteller inside your own head is always yourself. The story that sounds the best is typically:

What you want to be true. The incentives for being right in investing are so big that it’s hard to think clearly about your analysis without getting distracted by the potential rewards. Predict the right weather and you get to wear the right clothes. Predict the right investments and you get to retire on the beach. High stakes cause fuzzy thinking because they push you to desperately want something to be true even if it’s not.

What you’ve personally experienced. Familiarity is a doppelganger of accuracy in your brain. The two can be hard to tell apart. Stuff you’ve experienced personally is way more realistic than what you merely read about, and two equally smart investors with the same data can come to opposite conclusions, swayed only by the differences in their unique life experiences.

Evidence you don’t want to be true and haven’t experienced can be persuasive, of course. But the amount of reinforcement you get when you do, and have, is easy to underestimate.

Read more? Other Laws

Thursday, 29 August 2019

Is Your 99 Years Leasehold Property HDB Flat An Investment???

Hmm ... 

Simple and quick answer is ...

Your 99 years leasehold property HDB flat is you lottery TOTO ticket.

If you are damn lucky you strike ToTo Jackpot as sole winner and becomes millionaire or multi-millionaire.

If you are not so lucky like Uncle8888; it is like tio ToTo Group 2! 

Group 1 and Group 2 is hell of difference!


All HDB flat owners have their winning ticket; but if they forgot to claim their winning ticket by 99 years; it will expire worthless.

Tuesday, 27 August 2019

Over the last 20 years; what has changed in training courses for "passive" income for early retirement or retirement income???

In those days; it was option trading for "passive" income for early retirement or retirement income. The famous and most popular school of option trading kena sued and now the "Guru" is changed man! Lesson learnt or crash got sound! LOL!

Another one tio reprimanded by MAS and also disappeared. 

A blogging world friend also started option trading but quietly switched gear to teach investing as trading is harder!

You can't be wrong with option trading as most options will expire worthless. Collecting premiums is passive income. Right?

Hmm .. in those days. FIRE is not invented yet!

Recent years; new movement for FIRE or early retirement or retirement income; it is dividend income from S-REITs.

Capital not enough to generate your desired level of income stream. 

Don't worry. Just leverage up with your margin account!

Nothing to scare!

Margin calls are manageable. There ways to make it safe! Won't bankrupt one!

Those were days is option trading. This time is different!

It is income from S-REITs. 

Look at the number of different "school" teaching this popular method of income for FIRE, early retirement or retirement income.

Monday, 26 August 2019


STI : Swee swee rebound???

Sunday, 25 August 2019

Now I Am NOT Climbing To The Next Peak Of MT Stupid In Investing World!

Read? The Dunning-Kruger Effect

Hmm ... 20 years in the stock market and of course Uncle8888 has been there before -  climbing The Peak of MT Stupid in investing and thinking he was Great!

To be honest; you and you alone have to climb this peak to realize how to achieve sustainability for future decades.

This time is different - It is about sustainability and next market crash is likely less emotionally and financially impacted!

Saturday, 24 August 2019

When the pursuit of wealth does not bring happiness

When the pursuit of wealth does not bring happiness

The original goal of a happy retirement free from financial worry is replaced with a host of other concerns

IN almost three decades of managing money, all our clients had targets to grow their wealth by multiples. Clients with $2 million targeted about hitting $10 million and retiring. The ones with $10 million had ambitions of retiring with $200 million. The ones with $200 million wanted to become...

Read? Dementia : Financial Planning???

Now we as investors or traders ....

When we become dementia ...

The question is for us to think ...

Can we voluntarily "dementia" and stop checking the market?

No more mental or emotional stress over falling portfolio value.

Friday, 23 August 2019

Wednesday, 21 August 2019

Walk and Walk (2)

Thursday, 4 July 2019

Read? Walk and Walk

Crossed 2,500 KM

SGX (6) : Tug of War Between Institution and Retail

Read? Think of Investing in Stock Market as Game of Tug of War

Read? SGX (5) : New 52WH

Hmm .. who is right? Follow buyers or sellers???

Tuesday, 20 August 2019

From Earned Income To Passive Income For Life

Now you can retire at 65 and then transit from earned income to passive income for life with your CPF Life.

Hmm .. top up CPF RA to ERS and enjoy maximum monthly passive income from CPF Life!

Monday, 19 August 2019

The Tale Of Three Old Men In The Same Office Space (True Story) - 3

Thursday, 7 July 2016

Read? The Tale Of Three Old Men In The Same Office Space (True Story) - 2

NDR 2019: New retirement, re-employment ages of 65 and 70 by 2030; higher CPF contributions for older workers.

What can happen on ground regarding re-employment is NOT within the control of Government. Re-employment is NOT mandatory. Your job can anytime be "redesigned" by your bosses to test your tolerance level.

Uncle8888 was 60 yrs old man who has retired on 30 Sep 2016.

61 yrs old man who was re-employed on 2017 after 62 on yearly contract basis and his boss added value to his job by "redesigning" i.e. add more job roles! Hmm .. 

He "voluntarily" retired last year!

The Moral of Story!

Always plan for your own retirement well in advance i.e. at least one decade away from 65, the new retirement age!

Sunday, 18 August 2019

NDR 2019: New retirement, re-employment ages of 65 and 70 by 2030; higher CPF contributions for older workers

SINGAPORE: Singapore will raise the retirement age and re-employment age to 65 and 70 respectively by 2030, alongside increases in the Central Provident Fund (CPF) contribution rates for older workers.

This, announced by Prime Minister Lee Hsien Loong on Sunday (Aug 18), comes after the Government accepted "in full" the recommendations put forward by a tripartite workgroup studying the country’s ageing workforce.


You can make withdrawals from your SRS account over ten years from the date of your first penalty-free withdrawal. Withdrawals are penalty-free only if they take place after the statutory retirement age that was prevailing at the time of your first SRS contribution. The statutory retirement age is currently at 62

Hmm .. SRS at 65!

It will affect retirement income planning for those who wish to retire early than 65!

Bom pi pi!

More people can now FIRE before 65!

I Leverage On Market Timing And Patience

There is no free lunch in the market. When we leverage or indirectly "leverage" we have to pay premiums or interests.

Premiums or interests have been paid and every year these options have expired worthless for more than a decade and still counting.

When we are wrong; we lost the cost of premiums; but when we are right when time comes. Hmm ... next batch of Golden geese that lay eggs for next decade or more!

How much do these premiums add up?

Saturday, 17 August 2019

Leverage on S-Reits to boost ROC???

Hmm .. interesting!

Is there something with Maths below?

Powerful ROC from leveraging?

For example; if one has $110K capital to invest.

Without margin account:

One can fully invest $110K for e.g. 7% dividend yield

Leverage on margin account :

1. One can invest $100K for e.g. 7% dividend yield.

2. Leverage $40K on margin account at net 3.5% dividend yield after offsetting 3.5% interests payable to broker.

3. $10K as cash reserve to top up margin call when necessary

Does leveraging on margin account to improve yield on own capital look fantastic?


Or something wrong with the Maths?

Related Posts with Thumbnails