I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!


Click to email CW8888 or Email ID : jacobng1@gmail.com



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

Tuesday, 31 July 2007

Sunday, 29 July 2007

Portfolio P&L update after Friday correction















Let see how bad will my portfolio be hit on Monday.

End Game Goal update













Visualization of your Goal is very powerful, and even more powerful if the goal is shared and made known to others.

I have slightly passed through the 50% mark in term of time, and I want to achieve at least 67% in term of FI Goal by Dec 07.

Cheers!

Friday, 27 July 2007

End Game Goal update - Jul 07










Wow! STI corrected earlier than expected. I don't think I will made any transactions over the next few trading days so I will close the book for Jul 07. Fortunately, I have managed to sell all my SPC holding at a good profit. Never try to maximize profit, it is always prudent to take partial profits on the way up.

Thursday, 26 July 2007

Portfolio update - SPC sold out
















H1 earning is out. Will wait for correction to enter SPC again in view of surprise interim dividend of $0.20 and good result.

Wednesday, 25 July 2007

Portfolio update - sold some SPC















DOW drop again! This time by -226 or -1.62%. I don't think this is a bullish sign and also crude oil dropping. It is better to be safe than to be sorry. I am taking another 50% profit off the table for SPC since it has run up so much.

Monday, 23 July 2007

Portfolio update - sold Semb Corp, SPC, and Kep Corp


Today is partial profit taking day b'cos I am not sure what will happen to DOW after the last Friday fall of -149.33

Thursday, 19 July 2007

Portfolio update - Contra CPL, add KEP


Made a contra loss on CPL due to insufficient fund to hold it.
Bought back KEP on correction. Next week, Keppel is reporting its H1 result. Based on past experience, Keppel will likely to rally towards $14

Monday, 16 July 2007

Portfolio update - sold SPC, SML


Sold SPC @ 6.05, and SML @ 5.55

Friday, 13 July 2007

Thursday, 12 July 2007

Saturday, 7 July 2007

Another woman colleague with two young kids resigned, probably due to works pressure, she has been working very late for quite sometime as the boss is very pushy. It is important for us to have plan in place to achieve financial independence so that we could get out of the rat race; and stop being push around by bosses threatening us with poor performance appraisal.











It is also very important to protect wealth when approaching financial independence in the event of severe market correction, hence it is prudent for me to review the allocation between fixed and variable wealth. I will raise the fixed wealth portion to above 50% by year end.

Wednesday, 4 July 2007

End Game Milestone update for Jun 07


Collected some dividend payments in Jun 07
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