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 29 January 2008

New Portfolio - starting new life after wipe off

I have paid dearly for not following my risk control rules and wipe off 60% of last year realized profit.

Saturday 19 January 2008

Bear trap - Queue to sell off all contra trades. Bite the bullet

Total estimated contra loss and cut losses = $61K !!!

Huge contra losses wipe off 46% of my last year profit of $134K in days!

I will need to re-strategise in view of very difficult market ahead before hitting the buy button again.

Monday 14 January 2008

Friday 11 January 2008

Portfolio update - Sold Kep, Bought back Kep, and bought more STX


DOW has recovered +2% from its latest low at 12,589 on 8 Jan 08 while STI was at its latest new low 3,323 yesterday, 10 Jan 08.

I believe STI should recover aggressively today.

As of yesterday, DOW is -9.3% from its last high, and STI is -14.3%, so it means that STI has more room to catch up with DOW.

Thursday 10 January 2008

Wednesday 9 January 2008

Tuesday 8 January 2008

Realized Profit Target for 2008

My realized profit target for 2008 is $58K. Cheers!

Monday 7 January 2008

Sunday 6 January 2008

STI DOW index trend

Last DOW lowest on 26 Nov 07 at 12,743, down - 10% from its last highest 14,165 on 9 Oct 07. Last Friday, 4 Jan 08, DOW closed at 12,800, down -9.6% from its last highest 14,165 on 9 Oct 07.

Last STI lowest on 22 Nov 07 at 3,313, down -14.5% from its last highest 3,876 on 11 Oct 07

Last Friday, 4 Jan 08, STI closed at 3,438, down -11.3% from its last highest 3,876 on 11 Oct 07

Saturday 5 January 2008

Win Lost Ratio - Hit score

Portfolio update - Bought SML and STX

Friday 4 January 2008

Tuesday 1 January 2008

2007 Review and Strategy for 2008

After reviewing those trades made in 2007, I have made the following observations:

- several contra losses due to lack of fund arising from over-trading.
- averaging down at narrow gap without significant lower average cost.

Change of strategy:
- Enforce discipline of 2% risk limit per counter and 6% risk limit per 6% drop in STI index. This will help to prevent overtrading.

- Harder to do contra trade for counters that are more than $3 due to change in bids. Will focus more on counters that are less than $3
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