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



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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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Friday, 28 October 2011

MAS lifts DBS's additional capital requirement

SINGAPORE - Singapore's central bank said on Friday it has lifted an additional capital requirement imposed on DBS Group Holdings following the breakdown of DBS's online and branch banking systems last year.

'The Monetary Authority of Singapore (MAS) announced today that we have lifted the operational risk multiplier imposed on DBS Bank Ltd following the service outage of its online and branch banking systems on July 5, 2010,' the central bank said in a statement.

MAS said it has reviewed the measures taken by DBS to address the gaps highlighted by the central bank and said it had 'met all the key deliverables'.

DBS, Southeast Asia's biggest bank by assets, had to set aside about S$230 million (US$184 million) in extra regulatory capital after it was punished by MAS last year. -- REUTERS



Posted by Createwealth8888 at 19:12
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