Save more than 60%. No need to invest??? (4)

Read? Save more than 60%. No need to invest??? (3)


This 61 yrs old ex-colleague came to visit me.

... then talking on retirement. She said she is on target to retire next year at 62 and she is not seeking for re-employment to 65 or 67.

She said she has more than enough saving and with CPF Life she can retire comfortably in her current lifestyle.

She doesn't have any single investment. She doesn't believe in investing and will not do so in the future. Why bother with the market?

She is single. She lives simply, satisfying and leaving the rest in the hand of God! She prayed for me to get well faster!

Are We Frugal When We Need Medical Treatment? We Need Class A???

 

 

 

 

How bad are the food in B1 for this frugal blogger who believe in practice even when he is dying without an entitlement mindset?

 

Not much different to his typical chye fan meals except missing his favorite fish item. This is understandable as fish is not cost effective as meal item.

 

 

 

 

 

 

 

 

 



FLU With High Fever : The Hidden Fatal Risk For Senior Citizens

This post The Nature Of Ants and Grasshoppers could have been the last post here!


Uncle8888 was down with flu with high fever last Sunday and Monday on one day MC.

BTW, who doesn't have flu with high fever?

After one MC day, Tuesday morning he got up as usual but with some giddiness felt. He went to pass his first urine and then proceeded to brush his teeth ....

He fainted!

Crash got sound (SMOL)

Auntie8888 rushed out and found him lying on the ground with tooth paste foam all over his mouth and she finally managed to wake him up.

Auntie8888: "You know where are you?"

Uncle8888: "Sleeping!"

Auntie8888: "You fainted!"

Uncle8888: Hmm ...


But, he still managed to sit up and rested for a while. Nothing unusual felt so he stood up and continue to brush his teeth. After brushing his teeth; while he was washing his face; he fainted again!

This time, Auntie8888 saw it coming but was too slow to grab hold of him!

Crash got bigger sound (SMOL)

His head hit against the kitchen's window wall white tiles.

This time took awhile for him to wake up and Auntie8888 has called for ambulance.

A common flu with high fever that ended up with 4 days stay at Tan Tock Seng with many tests done to narrow down the root cause of uncommon two spells of fainting within half-an-hour.

Brain scan
Chest X-Ray
Liver, stomach, intestine ultra sound
Heart (main suspect) - Two rounds of ECG
Stool

Drawing a few tubes of blood for more tests and since he is NPC survivor, doctor included other tests to detect any cancer relapses.

The doctor kept repeating to know how was his urine behavior since he is near 60. Possible prostate cancer may be the doctor's main concern.

Fortunately, all blood tests and other tests cleared.

Assoc Professor who is the ward teaching consultant concluded that the fainting was due to severe dehydration from high fever and causing BP to fall so low to trigger the sudden fainting.

The second morning BP test result was still so low.

Nose and throat swab tests further confirmed it was FLU!

The Moral of the Story ....

Life is fragile.

One incident of FLU with high fever may contain hidden fatal risks for senior citizens.

Uncle8888 did learn something from this incident. Men must take note of falling risk during high fever. The morning first pee will lower our BP. During high fever over the night our body may be dehydrated and causing the BP to drop. The first pee added another drop. That additional drop in BP may trigger the fainting.

The Nature Of Ants and Grasshoppers

Hmm .... somehow have this observation made from encounters in the cyber world and from fellow colleagues.


When we see older Ants still busy collecting foods; they are likely to be married with children.


When we see older Grasshoppers still dancing in the Rain; they are likely to be singles.


Chun bo?

The Power Of The Freedom To Choose and Pick!

CW8888: Finally, this CEO opens his eyes by giving his customers The Freedom To Pick and Choose!.

Same as us, financial bloggers aims to empower ourselves with Time Freedom and Financial Freedom as enabler to the real motive behind all these efforts - The Freedom To Pick and Choose our options.



McDonald's earnings surge as CEO hails turnaround

[NEW YORK] All-day breakfast and the "McPick2" value promotion lifted McDonald's US sales in the first quarter, enabling the fast food company to score a big jump in earnings released on Friday.
The burger chain, which installed Steve Easterbrook as chief executive a year ago with a mission to turn around its sagging business, scored net income of US$1.1 billion, up 35.4 per cent from the year-ago period.

The results mark the third straight quarter of earnings growth under Easterbrook, who has put improved customer service at the center of efforts to reinvigorate the 61-year-old restaurant chain.
"I'm pleased to report that our turnaround is taking hold," he said in a statement on Friday. "The ongoing investments we're making in running great restaurants and delivering what matters most to our customers are beginning to yield sustained positive results."

Good Dividend Paying Stock Over Long Run: When Right How Good? When Wrong How Bad?

Kep Corp XD Today and with the bad news from Sete Brasil; it came stumbling down!


Good Dividend Paying Stock Over Long Run:

When Right How Good?

When Wrong How Bad?

Uncle8888 has done both.

Bought it low @ $1.32, Bought it high @ $12.14 and most importantly he stayed long enough in the stock market to make a Real People and Real case study.


See what really happen after that ...

See closely and carefully. Make your own conclusion!

Pasar Malam: See What Are They Selling Now?

Be Good At Saving Is Not ENOUGH! Better Be Good At INVESTING TOO!

Every time Uncle8888 looks at it ...



This IMAGE shouted back clearly and loudly to his investing MIND.

What should have been done better!


How about you?

What did you see?

What is your own judgement?

True Story of ToTo JackPot Group 1 Winners in 1988!

Today, one time winner of ToTo JackPot Group 1 and three time winners of ToTo Group 2 shared his lucky story with Uncle8888.

That year in 1988, three of them shared ToTo System 9. Each one contributed three numbers for System 9.

First person: All his three numbers tio (His favourite three numbers)

Second person: Two numbers tio (Anyhow give three numbers)

Third person: One number tio. (He was a newbie in ToTo. He had a few numbers to choose. It was his third time joining the group whenever ToTo JackPot hit $XM to make it worthwhile for the trio to share for System 9)

Regrettably, the third person changed his mind on his last number and pick a different number; otherwise; they could have tio  6+1, Group 1 and Group 2 in the same draw!


This is LUCK!

Time Freedom. Financial Freedom. The Right To Pick and Choose???

How to appreciate time freedom and financial freedom and giving us the right to pick and choose?

How about these examples?

Private Car Driver (Uber) vs. SBS Bus Driver


The car drivers after dropping their last passengers can choose to continue or lim kopi. Right?


Private Tutor vs. School Teacher


Not happy with the f... student the private tutor can drop that student. Right?


See the difference?

Time Freedom. Financial Freedom. The Right To Pick and Choose!

Planning & Tracking Financial Goals and Household Expenses!

Planning & Tracking Financial Goals and Household Expenses is NOT THE SAME as Giam Siap/NOT spending much money. (Extreme frugality)

Those who are really good at their planning & tracking financial goals and household expense like Ants can still afford to spend prudently. 

Why does Grasshoppers like to think that Ants don't spend and dance in the Rain?

Are Ants perpetual hoarder of wealth and die Rich and Grasshoppers will die penniless?


Real Tracking. Real Spending.

Any visible sign of hoarding money in the Banks?


One colleague was telling Uncle8888 that if he started tracking his household expenses his spouse will be very unhappy.

He is like many others who are mistaken.

Tracking household expenses is NOT SAME as controlling expenses.

We track our household expenses to maintain good records of past household expenses so that we will know how much is enough for retirement income with high level of confidence.

A well-planned retirement can be meaningful and enjoyable!

CW8888: True! Here you can also read Real People. Real Story about one Ant and his planned retirement in Sep 2016.

Unlike Grasshoppers they got lucky when Mother Nature said to them "Time to Retire. Go , go, go ... and dance in the rain"

See the difference?

What if they are unlucky, work until drop dead arh?

We reap what we sow or let Mother Nature drops free Lunch?

Question of Net Worth vs. Cash Flow??? (2)

Read? Question of Net Worth vs. Cash Flow???


An interesting question for Uncle8888 to think and answer it.

Dividend Warrior16 April 2016 at 01:31:00 GMT+8

 

The true measure of your wealth is how much you would be worth if you lost all your money

 

Answer: He will be worthless or zero value. Even with his dead body it is still the same as he has no life insurance coverage.

 

 

With his zero human asset; he has to plan and manage his financial wealth carefully like what most Ants do.

 

Ants know exactly what are their numbers.

 

 

His net worth is classified into three categories:

 

(1) Non-market volatile assets (All cash and CPF OA but exclude emergency cash)

 

(2) Self-insured medical and health fund (CPF RA, SA, MA, and emergency cash)

 

(3) Volatile assets (stocks in local SGX)

 

 

 

 

Read? Q1 2016 Investment Performance Report

 

 

His total cash flow will be coming from three sources:

 

Estimated Total Cash Flow Outcome for 2016

 

 

After Uncle8888's 60th birthday in Sep 2016, he will UNJOB himself from the corporate world from minding Bosses' KPIs to minding his own money and receives cash flow as follows:


(1) Basic Annual Pay (It is more like fixed income with small variation on year-to-year) : Interests

(2) Variable Bonus: Dividends from his local SGX stocks portfolio.

(3) Performance Incentive or Claw back: Trading P/L. This is 100% performance based on his trading skill or craft. It is either incentive or claw back. 

 

 

 

 

Question of Net Worth vs. Cash Flow???

When you have this burning question in your mind that is bothering you it showed that you are still earning an income from your job and NOT yet fully retired. Right?

High net worth but lacking of cash flow; they may have to eat grass very soon if they still insist on hanging to their high net worth status!

Count down to Senior Citizen status on 14 Sep 2016 and enjoy senior citizen benefits!

Uncle8888 is looking forward to his unlimited travel on bus and MRT (BMW) for $60 per month for local sightseeing and food hunts!


Anyone providing free kopi somewhere to hear his investing stories and strategies since his transportation cost has been fixed and time is free? LOL!

 

Concession Pass	Benefit	Price
Hybrid Concession Pass (HCP)	Unlimited rides on basic bus services and trains	$60

Popup : Sign of Desperateness???

Uncle8888 still sometime forgot which blogs to ignore but click into the blog and then click again for that annoying popup.

These bloggers should have mechanism to remember our option and don't push that popup to readers again and again.

Will You Try To Pay Off Your Housing Loan ASAP If You Have One? (7)

Read? More than 1 in 2 Singaporeans doomed to retire under a pile of debt


Will You Try To Pay Off Your Housing Loan ASAP If You Have One?


At every recession, we will read again and again!

Heng ah!

"We don't have many financial commitments - our car was scrapped last year and the housing loan is paid up, so we're not hit so badly," says Ms Chew, who is taking a break before job hunting.


How many folks out there get it?


Read? Help! I've been retrenched

Home for Living and not for profit taking (12)

Read? Home for Living and not for profit taking (11)


HOME as an asset class is NOT what we are thinking when we still have control over our thinking and know how to count it financially. But, when the day arrives and we can't count. It will be totally different and sad story!

There are many known cases of financial hardship of those asset rich people living in landed properties. They just can't let it go even they are suffering now. They rather die asset rich!

HOME can be very emotional and not as easy as we are thinking now as we cannot know how we are thinking in the next 20 or 30 years time living in the same HOME.

Retirement Planning : Investing wisely - not in financial or material wealth but in meaningful relationships with their loved ones

We know most financial and investment bloggers are investing wisely and hope that many more bloggers are role model ....

We reap what we sow. This is natural law. Hard to escape from it.

Invest wisely in four pillars of happiness.


Read? More on Happiness

How much do people earn?

How to Make Your Money Last: The Indispensable Retirement Guide

Borrowed it from NLB as usual.

Rightsize Your Life.

You're never afraid to open your bank statement when you you're living your means.

I score distinctions in my exam but not in the stock market (Re-visit)

Read? I score distinctions in my exam but not in the stock market


For some retail investors, even after few decades of investing, reading and learning in the investing domain, it doesn't really matter as they can't manage to escape from Greed, Fear, Hate and DEEP LOVE!

3M's in investing: Method, Mind and Money Management.



Real Story. Real People. Real DEEP LOVE!


Uncle8888 asked this guy what is he monitoring and studying now!

Super Group!


Hmm ... after some cut losses and still sitting on paper losses by averaging down Super Group to large position; but forced to cut some losses to sleep better at night. He still haven't never give up on his Super Group.

DEEP LOVE indeed!


"We don't need to win back in the same manner that we have lost it." - Createwealth8888

Where Is The Volality That Is Seriously Affecting Us? Asset Value Or Cash Flow?

Uncle8888's Wealth Formula:

Wealth = Asset Value + Cash Flow


Look at the two images closely!

What is your thinking now?

Should we be seriously over concern about market stock price volatility if we have been managing our cash flow reasonably well enough to meet our liquidity need year after year?

GLP

OSIM raises offer price by 2 cents

Read? OSIM raises offer price by 2 cents

Biosensors taken private.

OSIM also taken private.

With more cash rotting in the enlarged War Chest, Uncle8888 has to find replacement stocks soon; otherwise next year will be squeezed on dividends for cash flow as retirement income for life.

Re-employment age raised to 67 on Jul 1, 2017

CW8888: Good news for those like to work longer.

SINGAPORE: The re-employment age of older workers will be raised from 65 to 67 on Jul 1, 2017, Minister of State for Manpower Sam Tan announced in Parliament on Friday (Apr 8) as part of the Committee of Supply debate.


He added that the additional wage offset of 3 per cent for employers who re-employ workers above the age of 65, which is currently in place, will continue to Jul 1, 2017, as previously announced.

EXPANDED RE-EMPLOYMENT OPTIONS

Mr Tan also announced new re-employment options for employees. Noting that employers can sometimes help workers secure re-employment in a related or subsidiary company, the Minister of State said that the law will be amended to allow a new employer to take on the re-employment obligations of the the original employer.

This will be subject to the employee's agreement, and will take effect Jul 1. 

And in the situation where re-employment in not possible, the Employment Assistance Payment amounts and age coverage will be increased accordingly, said Mr Tan.

To help employers and workers be prepared for the upcoming changes, the Tripartite Guidelines on the Re-employment of Older Employees has been updated, and will be released over the next few weeks, the Minister of State said.

WAGE CUT PROVISION REMOVED

Mr Tan also announced that the wage cut provision - which allowed employers to reduce wages of workers turning 60 by up to 10 per cent - will be removed from Jul 1, 2017.

He noted that the provision was no longer relevant, as more than 98 per cent of companies no longer reduce wages at 60.

"Going forward, pay should be reflective of workers' job scope and value, rather than their age," said Mr Tan.
 

- CNA/av

My Passive Income!!!

Uncle8888's passive income is from his CPF OA and FDs. It is passive but quite fixed income.

Ready to come and poke? LOL!

Keppel FELS Brasil wins FPSO project worth over 500m real from MODEC

KEPPEL Offshore & Marine Ltd (Keppel O&M), through its subsidiary, Keppel FELS Brasil SA's BrasFELS shipyard, has been awarded a floating production storage and offloading (FPSO) module fabrication and integration project by its repeat customer MODEC Offshore Production Systems (Singapore) Pte Ltd - a MODEC Inc group (MODEC) company - for a contract value of over 500 million real (S$190 million).

BrasFELS' work scope for this project comprises the fabrication and integration of nine topside production modules for the FPSO Cidade de Campos dos Goytacazes MV29, Keppel said in an announcement after the market closed on Wednesday.

The vessel is expected to arrive at the shipyard by the first quarter of 2017 for the integration phase.

The most established offshore shipyard in the Latin American region, BrasFELS has successfully completed a range of construction, integration, upgrading and repair projects over the years, Keppel said.

When completed, the FPSO Cidade de Campos dos Goytacazes MV29 will have the capacity to process 150,000 barrels of oil per day and five million cubic metres of gas per day. The unit's storage capacity is 1.6 million barrels of oil.

Round 5: ROC 27.4%, more than 7 yrs, B $0.655 S $0.84

Taken private and more cash is rotting!

OSIM next!


Round 5: ROC 27.4%,  more than 7 yrs, B $0.655 S $0.84Round 4: ROC 28.1%, 1,192 days, B $1.03 S $1.35
Round 3: ROC 28.1%, 1,186 days, B $1.03 S $1.33
Round 2: ROC 22.1%, 1,022 days, B $0.98 S $1.21
Round 1: ROC 1.1%, 1 day, B $0.830 S $0.845

Salted Fish, No Stop Losses, Paper Losses, Paper Gains, Cash is Rotting or Cash is King???

Uncle8888 fully understands all these terms and he has transparently accounted for all - Financially and Mathematically.

So what wrong with his performance when he benchmarked it against the world's well known investors?


Is this strategy working for him?

There is no right Method but only right result when it is still working right!

Recent Visit To Changi Hospital C Ward on last Saturday and Yesterday

Ward C!

His relative has been awarded for a few days.

No aircon. No TV.

Uncle8888 didn't hear his relative cow pa cow bu about the facility or meals; but worry about staying too long and incur higher medical bill.

Whose who hardly can afford will graciously accept it. No need to compare it. Right?

This is between Money and Choice or Default to C Ward!

PE of Bloggers???

Read? The Value of (The) Boring Investor Blog

His PE is 12.


How about CW8888's Blog?

Ads revenue is zero so his PE is zero!

This is bankrupt blog and should be suspended!

Investing Goals Can Anyhow???

This morning just read about ...


... I aim to get $20,000 a month in passive income by the age of 28. (Editorial error?)


Now he is 21 with about $110K investment portfolio.

Passive income is about account size!


We have Ants and Grasshopper with their idea and views about goal setting and then what insect like this?

Smart Money Grabbers over dummy investors (8)

Read? Smart Money Grabbers over dummy investors (7)

Read? New app to track big players' share trades


CW8888: Good to read the words coming from ex "Guru" or Snake Oil King to become rich in trading!

One colleague paid $8K for a couple special rate discount so that the couple can trade together to get rich faster.


One Guru may have gone but a few more new Gurus will appear to take money from unending source of weak minded Bei Kambing.

Bei Kambing never learn or they are too young to know about history of "Gurus" or Snake Oil Kings promising you how to become rich in the market? You can do it! Register fast. Thank you for full house event. LOL!



Mr Chiang was involved in a well-publicised case in 2009, when people who had paid to attend his options trading seminars sued him for refunds after discovering his PhD was from an unaccredited university.

Mr Chiang said: "I paid the price for that mistake and lost my business and, worse, my credibility among some people...

"But I try to improve myself and I try to grow from there."

Spiking is backed by Quest Ventures and a grant from the National Research Foundation. Mr Chiang hopes to close a $1 million seed-funding round in the next few months to fund expansion into Hong Kong and Australia.

Q1 2016 Investment Performance Report

Read? 2015 Investment Performance Report


2016: The Year when investing in the Land of Distribution and De-cumulation of Wealth begins ...

 

 

 

The Strategy

 

 

 

Embracing Three Taps Solutions to Retirement Income For Life Model

 

Estimated Total Cash Flow Outcome for 2016

 

 

After Uncle8888's 60th birthday in Sep 2016, he will UNJOB himself from the corporate world from minding Bosses' KPIs to minding his own money and receives cash flow as follows:


(1) Basic Annual Pay (It is more like fixed income with small variation on year-to-year) : Interests


(2) Variable Bonus: Dividends from his local SGX stocks portfolio.

(3) Performance Incentive or Claw back: Trading P/L. This is 100% performance based on his trading skill or craft. It is either incentive or claw back. 
 

Knowing his annual household living expenses

Sources of Cash Flow

 

 

Plan B (Backup Cash Flow from Tap 1)

 

Not depending 100% on Mr. Market for survival!

 

Building Sustainable Retirement Income For Life

 

 

 

Survival Tap No 1: Cover 90% of  Highest Annual Household Expenses  Since 2002 @ 2.5% Inflation Rate Till 2038 (81+ years old)

 

 

 

 

A Goal-based Approach Investing Strategy 

Uncle8888 has adopted a Goal-based Approach investing strategy by setting for himself a 10-year progressive Goal Targets to be achieved for each year from 2012 to 2021.

Our investing journey is not Horse Race or Rat Race where we compete against others.  No! It is our investment Marathon Race where we set our own pace and compete against ourselves to win our own race.

Year 5: Q1 2016 Result for Tap No 3 (Cash Flow from Investment Portfolio)

 Achieved 35.7% against 44% of 2021 Goal Targets.

 

 

Investment Portfolio XIRR

 
Track, Measure and Visualize! 

  
Without doing it; how to revise investing strategies and to improve year-on-year investing performance? 

 Investment Portfolio's XIRR includes all investable cash plus the current stocks value at market closing price as on 31 Mar 2016.

Since one year ago: -8.5%
Since 1 Nov 2008: 0.43%
Since 1 Jan 2003: +7.4%
Since 1 Jan 2000: +6.9%

 The reality of riding market cycles of Bull and Bear