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

Friday, 13 June 2014

More money probably won't make us significantly happier???

Just For Thinking ....


More money probably won't make us significantly happier?

Hard Truth: Lack of money will definitely made us unhappy so we should not be trapped in lack of money situation through good financial planning and budgeting well ahead of our future needs.

Sometime the thought of it already made us unhappy!

Uncle8888 has learned this painful lessons in 2008 GFC for his two children university fund where he was forced to cut his losses in Nov 2008 due to fear of Depression 2.0 to raise $80K in cash to ready this uni fund for his children starting their first semester in Jul 2009.

This time round he has "foolishly" placed $100K in FD (4 x $25K) for his youngest son. 

Why bother to get another $X,XXX more? 

It is better for him to "foolishly" sleep well with $X,XXX lesser. Right?

Same hard truth for his retirement income for life model. 

He is "foolishly" happy to have lower return for Tap 1 (Target to be 67% of his annual expenses @ 3% inflation rate) till 80 years old. 

Think of those potential compounding gains for an investor who talked so much on investing. KNS!

Read? Retirement Income For Life Planning Model

Read? More on happiness ....



  1. CW,

    Sitting down in front of PC with excel file extrapolating the magical impact of compounding interests is DIFFERENT from living with the occasionall negative compounding returns in real life ;)

    It's nice to be able to give "scholarships" to your own children.

    You the man!

    1. CW,
      Yes man, you the man. Under such circumstances of restraint (aka taking care of your children "scholarships), i say you do very well already. Not KNS lah!

    2. Hi Uncle CW,

      You very good leh, sponsor uni for your children. I have to work and study to support myself. But I don't regret it coz I manage to pay my full uni fees and still able to have a substantial savings plus working experience.

    3. Actually, the "sponsorship" come from Keppel Corp and not from me. LOL!

      Read? Createwealth8888's Three Children University Fund


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