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.

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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

Saturday 21 March 2015

When Your Bank RM Called???


Many times in the past, when Uncle8888's Bank RM called him, he usually rejected the call for making an appointment to listen to their financial advice. After so many years of rejecting calls from RMs, somehow this time is different. May be he was in good mood to take an appointment on Saturday morning. Anyway, nowadays, he is so Eng!

OK! Uncle8888 knows what you are thinking?

You think her voice is so sweat. Right?


She offered 9 am appointment; but Uncle8888 said 10 am.

He went to Hougang Central POSB early at 9+ and observed her at Cubicle 13.

She is busy at works. Wah! Got many lobang.

Time for Uncle8888 to listen to his RM; but told her to cut short all introductory talks and goes straight into the subject matter. 

Uncle8888 told her that he is a savvy investor! No bluffing. LOL!

She introduced 5 + 5 Endowment product. 

Later back home, Uncle8888 tabulated XIRR for this product to compare it to CPF OA 2.5% rate.

We have to be mindful that Return mentioned for such product is always projected return so we need to evaluate such product to consdier 5% to 10% off the projected rate of return too.


XIRR for 10 years holding period (5+5)







For this product, you "invest" or save for 5 years and hold for another 5 years. Total 10 years of holding period.

It is about 1.3% to 2.67%

Suitable for whom?

Hmmm ...

For those who is thinking of ....


1) Your child University Fund in 10 years? Your child currently in Primary school and you don't want to mess up your child's Uni Fund in the volatile stock market.

2) Your Wedding Fund in 10 years, you got attached during your Uni days and getting married in your early 30s?

3) Building up your own Emergency Fund in 10 years time as you can't keep depending on your Bank of Papa or Bank of Mama for bailout.

4) ??


In the real investing world, some of our money will be rotting. Some will be earning much lower return than expected.


What do you think?






8 comments:

  1. Looks like, regardless of goals, only suitable for Non savvy AND easily panicked people.

    Not for uncle 8888. Lol

    ReplyDelete
  2. Hi CW8888,

    You very eng.....she is not very eng..... haha :-)

    I know you run out of topic to post....finding inspiration.....

    "You think her voice is so sweat. Right?" - by the way, you RM is very sweaty!!!!

    ReplyDelete
  3. that is why it's more importantant to spend more time in the morining for make up and finding the right dress..

    ReplyDelete
  4. Hi bro8888,

    Did she receive a good educational experience from you? lol!

    ReplyDelete
  5. CW,

    And bored aunties will visit males RMs to ice-cream on flower-beauty-man ;)

    ReplyDelete
  6. Putting money into OCBC360 (2accounts for a couple=100K) for easy 2% sounds more legit to me!

    ReplyDelete
  7. Hi Bro8888,

    Hougang Central POSB Cubicl 13. Noted. LoL.

    I generally shy away from products with lock in periods. Looking at the returns, wouldn't it be easier to just buy a 10 SGS bond?

    ReplyDelete

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