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



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Value Investing
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Wednesday 6 February 2013

DBS 4Q below expectations at S$760m


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Fourth-quarter net profit was 11 per cent below the previous quarter, partly reflecting seasonal trends - PHOTO: SPH

DBS Group Holdings on Wednesday said fourth quarter 2012 net profit rose by a lower 4 per cent to S$760 million as the tax rate had halved in fourth quarter 2011 from a finalisation of prior years' tax assessments.

Fourth-quarter net profit was 11 per cent below the previous quarter, partly reflecting seasonal trends.

For full-year 2012, net profit reached a record S$3.81 billion, which included divestment gains of S$450 million. A gain of S$450 million was recorded for the partial divestment of a stake in the Bank of Philippine Islands. Excluding the gains, net profit rose 11 per cent from the previous year to S$3.36 billion.

Return on equity before the divestment gains rose to 11.2 per cent, the best in five years.





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