As from April 2013 my Journey in Investing is 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!

Currently; it about 54% to destination!

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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.

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Value Investing
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Monday, 21 December 2009

Price Increase Due To Inflation Or Perception Of Better Quality and Services

Not all price increases are due to inflation. Some price increases are add-on partly due to better quality and services provided or perception of being better like the story of 3 cans of Coke.

I remembered during my childhood days, chicken or ducks were served at the dinner table only on festive seasons or family celebrations.

Chicken rice? No, not any chicken rice. We may want to try the best chicken rice in Singapore and of course it will definitely cost more. We also want to eat Peking Duck, Suckling piglet, Lobsters, King Crab, and Hairy Crabs, etc.

My friends, life style has changed and we should be forward looking instead looking back.

Be happy! Let me think where to eat the best Turkey? Merry Christmas!

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