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

Thursday 30 June 2016

On Blog Leave: 3 Jul to 6 Jul 2016

Read? Discovering Johore by Bus and Walk - Coming Next Is Muar!

The bus journey from Larkin to Muar is too far so Uncle8888 has decided to stop over at Batu Pahat and stay one night there to break the journey.

Next day from Batu Pahat to Muar. One night stay at Muar.

Next day from Muar to Potian for one night stay to break the journey too.

Life is really tough so don't make it tougher.

Can make it easier then make it easier!

H1 2016 Investment Performance Report

Read? Q1 2016 Investment Performance Report

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: H1 2016 Result for Tap No 3 (Cash Flow from Investment Portfolio)

 Achieved 37.8% 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 30 Jun 2016.

Since one year ago: -8.7%
Since 1 Nov 2008: +3.8%
Since 1 Jan 2003: +7.2%
Since 1 Jan 2000: +6.7%

The reality of riding market cycles of Bull and Bear

Until we master the Art Of Market Timing to optimize our gains; we will be riding up and down the market cycles without real significant gains.

Building Sustainable Retirement Income For Life Across Future Market Cycles

Real Taps. Real Money!
Tips for newbies/young ones: The bulk of our net worth comes through our saving from our hard earned incomes from our jobs.
Stop day dreaming from Get Rich Fast scam or 30 minutes a day effort to get rich!

Retiring but not rich so still need to watch his cash flow very closely to avoid falling into future financial pitfalls (2)

Read? Retiring but not rich so still need to watch his cash flow very closely to avoid falling into future financial pitfalls (2)

How much money is enough for us is RELATIVE?

How many of us need that $XXX,XXX "passive" income to retire when we strongly believe we belong to the class of "Frugal" people?

Next month expenses are expected to bounce up due to credit card payment for airfare for Taiwan trip in Nov 16 and a few days  getaway at Johore.

Sustainable Retirement Income For Life : Sources of income or cash flow

Counting The Cost Of University Education at SUTD

Read? Cost Of University Tuition Fee Per Semester (Inflation?)

Uncle8888 will be updating every quarter here.

Apr to Jun 16 (Apr and May 16 are not full month expenses)

Wednesday 29 June 2016

In Long Term Investing, What Do You Mean You Have A Plan?

In the past few days; we may have read about blog posts mentioning that they have a plan to react to market actions.

Do they mean execution of stop losses according to what they have in mind previously?

心静如高山不动 <---- a="" not="" plan="" strong="">

Monday 27 June 2016

STI : Unexpectedly No Free Falling

Sunday 26 June 2016

STI ETF : Less Analyzing. More Investing. Kind of stock???

Investing: Play The Buying Back Game. Not Always Profitable!

Read? Sabana: Sold @ $0.91 ROC 2.8%

Unlce8888 played for one round and then he gave up!

Playing the buy back Game is not that simple too. Buying back at lower price may not always be profitable. Be careful not to get sucked by the noises of the cyber world.

Read? Can recommend some high yield dividend stocks for passive income? (2)

Retiring but not rich so still need to watch his cash flow very closely to avoid falling into future financial pitfalls (2)

Read? Retiring but not rich so still need to watch his cash flow very closely to avoid falling into future financial pitfalls

In the market, we will always have something new to worry. The Present and the Future! Always something NEW to worry.

The Past of us in the market may have taught us something to influence our thinking and revise investing strategies in the future and know ourselves better.

Can we afford to lose big again?

If not, how?

There is NO FREE LUNCH in the market! The strategies of avoiding losses will equally translate to missing opportunities. Fear Of Missing Out!

As retiree, Uncle8888 will have to consciously to keep close watch on his cash flow from his investment portfolio to ride the future market cycles.

What The Past has taught him in the market

Sustainable Retirement Income For Life : Sources of income or cash flow

His current Investing Strategies


Now, it is about watching the tide of day and night to throw in the fishing line and be generous with the bait!

Saturday 25 June 2016

STI vs. DOW since 2008

See carefully ONLY if you are those who believe market history repeating itself on supports & resistances

Good Life or Simpler Life With Less Money???

Uncle8888 met his old ex colleague at Jurong Point Mall. He will be 62 this Nov and not sure whether company will offer him re-employment at 62 as the company is currently operating in cost saving mode.

Colleague: You good life can retire @ 60

CW8888: Good life? Not sure is good life. Just simpler life with less money.

(With no full time job, life is likely to be simpler without job related KPIs, some back-stabbing peers and some unavoidable office politics under Bell Curve performance appraisal system.

When you are "push" down; automatically it will pull up somebody else)

Unhealthy meal!
Bad role model.

Dow closes down 600 after Brexit surprise; financials post worst day since 2011

U.S. stocks plunged more than 3 percent Friday to end in the red for the year so far after Britain surprised markets by voting to leave the European Union.
"It's a combination of at first positioning, plus the reality that this issue is not the most simple to address and something you don't have precedent for," said Lefteris Farmakis, a macro strategist at UBS.

The Dow Jones industrial average closed down 610 points — its eighth-largest point loss ever — with Goldman Sachs contributing the most to declines. On a percentage basis the Dow and S&P had their worst day since August 2015, while the Nasdaq composite's 4.1 percent decline was the index's worst since August 2011.

With Friday's drop, both the Dow and S&P erased their gains for the year so far. The Nasdaq composite was nearly 6 percent lower year-to-date.
Financials dropped 5.4 percent in their worst day since August 2011 to lead nine S&P 500 sectors lower.

Investors took a defensive stance with utilities eking out a gain as the only advancing S&P sector. Trade volume was the highest of the year so far, ahead of the Russell index rebalancing scheduled for after the close.
U.S. crude oil futures settled down $2.47, or 4.93 percent, at $47.64 a barrel.

Pound sterling fell more than 10 percent against the U.S. dollar between its high of $1.500 touched late Thursday to the overnight low of $1.3224, its lowest since 1985. Sterling was last near $1.366.
"The biggest thing is markets are operating and there isn't a liquidity crisis. This isn't a Lehman moment," said Chris Gaffney, president, EverBank World Markets.

"I think investors mispriced the risk and quickly repriced it," he said. "That's what we're seeing now, the repricing of risk with heightened uncertainty."

Friday 24 June 2016


Taking the Hit from BrExit but seeking for Opportunities to rebuild Portfolio again.

How badly will be CW8888's Portfolio get hit this time in BrExit?

How Do You Eat Your Water Melon???

SMOL: Eating your water melon to the green?  (Can't remember exactly)

Water melon is usually big enough to cut into enough pieces to eat till we are shiok!

Watch yourself carefully next time how you eat your water melon.

Eating your water melon to the green and can't see any red? 

Know yourself!

Pursuing Life Independence After Financial Independence??? (2)

 Read? Pursuing Life Independence After Financial Independence???

Our own personal encounter and experience will count the most for our next decision making and we should give less weightage on others' advices or opinions especially in the cyber world which has full of opinions of kind intentions ! These are kind intentions!

Kind not necessary means it is good for us! Get it?

Late FIL: His three sons decided NOT to let him go and let the doctor revived him and then placed him in nursing home for after care. He lasted his extended life for another 18 months as bedridden patient with feeding tube, urine bag and oxygen mask.

As dementia patient, were his sons sure that this was the way he has wanted to extend his life by staring at the ceiling from his bed while waiting for visitors that he "didn't" know who are they except his eldest son!

Late MIL: She had  a bad fall and knocked against his head. Fractured skull with blood clotting in her brain and needed immediate head surgery to extend her life and it would be brain stroke. Her sons learnt the lesson and let her go and within few hours she passed away. The difference was that she didn't need to spend her extended life as stroke patient in a nursing home at age of 90.

Thursday 23 June 2016

Pursuing Life Independence After Financial Independence???

When we reach financial independence; we have the option to choose to leave our jobs.

What about reaching life independence when we have the courage to let our life go at peace.

Read? You die. I die. Doctors also die???

After financial independence, Uncle8888 will live well to pursue life independence and have courage to let it go at peace and no worry over high medical costs to extend that few more months or years of poorer quality of life.

Financial Education Is Small Price To Pay. So Don't Laugh???

Read? How to be a Financial Freedom snake oil

Read? Self Interest vs. Vested Interest???

To confess here.

Actually, Uncle8888 is watching this junior than CW8888 newbie investor closely on his investment progress after he has attended some 15% return investment training course. So far; his progress is disappointing.

Can long-term investing over decades of market cycles be taught like Turtle Trading?

It is something like buying life insurances from friends or relatives; by the time we need them to settle our insurance policies; they may move on.

Same as these investment course trainers. Our investment result can only be proven after at least one decade. By that time; the investment course trainers like insurance agents may have move on and we are left on our own to suck fingers!

Read? Master the Art of Formless Form - The Greatest of All Kung Fu in Investing (2)

Trading courses are different. Results are known in shorter time frame; but the trainees are always at fault.

Did you do this or that? No? Then your fault!

Wednesday 22 June 2016

Our Life: The Past is not the Present. The Present is not Future!

Sometime, Uncle8888 read some interesting remarks by some older people who are thinking that they are cock sure that they will continue to live the rest of their life in their current mode.

If Uncle8888 doesn't bother with human sensitivity; he would ask his 61 yrs old colleague what is his personal regret and what he would do if he is in his 30s again.

My colleague decided to give up the option for early retirement and got married in his 50s and a daughter now in primary school. He told me that he got used to the mistaken identity as Grandpa.

Read? Eat To Live or Live To Eat???

POSB launches savings programme for national servicemen

Under this programme, NSFs will get an interest rate of 2 per cent per annum on their monthly contribution to the savings account for the entire duration of their full-time National Service period.


Under this programme, NSFs will get an interest rate of 2 per cent per annum on their monthly contribution to the savings account for the entire duration of their full-time National Service period, up to 24 months. Regular savings accounts currently only attract 0.05 per cent interest.

A stipulated amount between S$50 and S$3,000 will be deducted from a separate POSB/DSB account where national service allowances have been credited.


Ah Boi can save 100% of NSF allowance to earn the additional 2%; but borrow some allowances from Bank of Papa or Bank of Mama at interest-free rate.

No loving parents who can afford this loan will charge their son interests.

Shiok arh!

The Two Faces of CW8888

He invests like an Ant! Got Goals. Got Plans. Got Time Frame!

But, he blogs like Grasshopper. No Goal. No Plan. No Time Frame.

It is just Song or Buay Song! Suka suka blog!

Look around. Many bloggers are Ants? No?

Passive Income From Rental

Highest yield now is 3.7%!

Tuesday 21 June 2016

How to become rich in stocks??? (30)

Read? How to become rich in stocks??? (29)

As Uncle8888 has no commercial interests, no hidden agenda, and no affiliation to investment course trainers or owners so he is free to say the truth!

How to become rich in stocks?

Start with fairly large account size and then yearly grows your account size!

Your investment may be your accelerator to build more wealth; but it is still not the main source of your wealth!

Still fooled by some investment bloggers?

See this chart for the truth!

Uncle8888 tracks every details of his investment and measure everything he can measure to show his true investment performance.

You may think that he is suck at his investment; but let his benchmarking with the world's well known investors do the talking.

Koon's 10 Investment Lessons

Thank to Raymond Ng for sending the link to Koon's investment lessons.

Good thing must share with others.

Solid 30 years of experience in the market!

Koon’s Investment Lesson #1: How I Began

As I am 83 years old, I have more than 30 years of experience in buying and selling of public listed shares. In the process, I have learned from my mistakes and now I have accumulated a lot of knowledge which I wish to share with you before I die.
I will have to write a few lessons to cover all I know. This is the first one.

Read?  INVESTING Koon’s Investment Lesson

Monday 20 June 2016

DBS : Another attempt tomorrow to breakout?

Don't Set "Silly" Investing Goals And Let Grasshoppers Laugh At You! (2)

Read? Don't Set "Silly" Investing Goals And Let Grasshoppers Laugh At You!

You can't control the market why set Goals and Plans!


Don't tell the Grasshoppers this Secret from veteran fishermen who have been fishing for decades! They all know it!

Veteran fishermen know we can't control the tide of day and night.
We can't control the sea.
We can't see the fish under the sea!
Then how do fishermen know how and where to catch those big fish?
We use our Brain!
Can't control.
Can't see.
Mean you can't catch big fish. That is dumb!
Veteran fishermen go with the tide of day and night and they always REMEMBER where did other fishermen in the past caught those big fish.
Caught BEFORE means got HOPE to catch again!
When the tide is right; they become very generous with their BAITS. When the baits are generous; soon fish will come. 
Tide after tide; and fishing trip after fishing trip soon they will be able to show photos of BIG FISH!
Got Goals. Got Plans. Got Big Fish!

Pillow Stocks : The Less Stressful Long-term Investing When We Get Some Of Them Right!

Read? Dr Chan: How to Own ‘Zero-Capital’ Stocks

Quote : " How to Own ‘Zero-Capital’ Stocks

Of course, not all stocks can actually appreciate four times its original value. That said, in the event that a stock’s price double, I would not recommend selling half of the stock holding, as the remaining stock might be too little. We should not be holding insufficient amounts of quality stocks that we may come by, so I will impart a different method to make the stocks ‘free’.

Investors can deduct dividend payouts from their initial costs, and also deduct bonus shares from the amount. Over a sufficient period of time, the stocks may actually become zero-capital stocks or even ‘negative-capital stocks’ when the amounts deducted exceed the initial investment, which means that the investor will be in a profitable position no matter what happens next.


The above method by Dr Chan is not too different from Uncle8888's way of accumulating his pillow stocks. But, Uncle8888's method may be faster way to accumulate more pillow stocks by seizing those opportunities in short-term trading across market cycle by stuffing more feathers to build pillow stocks.

Total Realized Gains = Net P/L of many rounds of the same stock + Accumulated dividends of the same stock

Read? All articles relating to pillow stocks strategy

Read? Strengthening War Chest From Our Investment Portfolio??? (3)

Sunday 19 June 2016

Happy Fathers Day!


Luck??? When It Comes. Hard To Stop it!

Uncle8888's colleague tio three 4D numbers in the same draw :  2nd prize, Starter and Consolation prizes and he decided to give us lunch treat.

One of us was thick skinned enough to ask for more expensive dish. LOL!

Jumbo garlic steamed prawn. One each! Ha Ha!

Man Ego???

Read? The Fallacy of "How to be Rich" from Investing in Shares (Part 2)

Quote from the above from Rolf: " Some have hidden agenda, some is due to man ego, ..."

Uncle8888 just recently has realized this truth in some investment bloggers after digesting the above post and recalled this post below.

Read? Can recommend some high yield dividend stocks for passive income? (2)

The above post got Uncle8888 banned and deleted!

Hmm ... may be the above post containing some Man Ego's hurting or hitting words?

Tom, Dick and Harry?

Investment bloggers are not any Tom, Dick, and Harry?

They are ahead of commoners in the street?

Saturday 18 June 2016

Feel like eating then go and eat!

Uncle8888 went to JB again this morning because he feels like eating then go and eat lor!

Weekend JB queue is super long. Seow bo?

But, not for a Grasshopper's blood flowing in a Fisherman's body.

Patience and happy can liao!

Hiap Joo's Banana cake

Freshly baked and still hot banana cake with Kopi-O. Shiok!

Top Up CPF SA From CPF OA? Depending On Who You Ask! (9)

Read? Top Up CPF SA From CPF OA? Depending On Who You Ask! (8)

To grow your CPF SA faster; two ways to do it ...

(1) Collect 1.5% more interests from Government by top up CPF SA from CPF OA.

(2) Get your employer to contribute more by focusing on your job through promotion, higher salary, and higher bonuses. Your employer's contribution to your CPF SA can help you to grow at faster rate than 1.5% from the Government and depending on your age group; your employer is helping you to top up your CPF SA from 2.8% to 3.7% for every dollar you earned from your job.

See for yourself ..

Who Are My Trainers in Financial Education?

  2. Rolf,

    got part 4, 5, xxx anot?
    you should do one every month.
    i look forward to reading posts like this. it keeps me motivated and grounded at the same time.

    so, how would you differentiate between a koyok seller and an genuine trainer?
    and, what are the qualities of an genuine trainer?
Those authors of financial and investment books found in NLB branches. He has read both well-known and less known ones. They are Uncle8888's trainers and the best thing is he didn't pay a single cent as course fee.
Uncle8888's England not that powerful but he still can read them, understand and manage to put some theories from these books into his real plans, real goals and real practices and achieve some results. Hmm .. who is laughing?

Topping Up Parent's Retirement Account : One Good Idea of Compounding Round Trip Of My Money Back To My Own Pocket???

  2. My mother who is 77 years old has $100 in her RA. I plan to top up her RA to $60k and get about ~5% compounded interest. I have her nominate her CPF to me. What do you think? Will the future of me thank me?
When we live long enough we may have chance to read or witness rare happening but it did happen!
We have our parents nominated us as beneficiary and thinking we are the beneficiary till their death and our money topping up to our parents' RA has compounded richer and will be making a full round trip back to our own pocket. Sibei shiok!
Chun bo?
May be some of us may not be older enough to read those rare happening but did happen when high profile cases were reported in newspaper. There could have been many other smaller CPF accounts that were not reported by news papers.
Of course, we knew we are the CPF beneficiary of our parents as we have DIRECTED them to do so. But hor!; our parents can change the CPF beneficiary at anytime without us even knowing.
One fine day; our parents may decide they should be doing more good deeds before they passed and nominate their CPF money to their beloved charity. But, on positive thinking; we may change our mindset to think of good karma. :-)
There were reported cases of shocking wives who discovered that some other women became the real beneficiary after their beloved and dear hubbies have passed away.
Uncle8888 has witnessed one case with his own eyes at his ex-colleague's father wake. His late father's mistress came to his wake and crying so unbearably and even more sad than his mother. That was terrible shock to his mother; children and relatives.
In life; something may happen unexpectedly and strangely!

Friday 17 June 2016

Life Is Fragile And Can Be Unexpectedly Shorter!

Lady colleague collapsed and died of stroke at 40!

His Retirement Income (2)

Read? His Retirement Income

Uncle8888 caught up with this guy for an update on his tracking
and the conversation went something like these ....

CW8888: How is your tracking? Can show me?

Guy: Tracked for sometime. Now, stopped tracking. No mood. Sianz! Keep losing on soccer betting!

CW8888: Har! Thought you sibei chun on your betting. You said soccer betting is your "PASSIVE" income. Tracking liao. Bo chun?

CW8888: Human nature is like! Win money can remember and talk loud! Lose money. Tiam tiam and forget it. Like that. You forever made money.

Uncle8888 took the chance to super poke him ...

CW8888: Wah! You give away $10 and win $5. Sibei tok kong!

CW8888: Now, you give me $10 and give you $5 and broadcast for you in the Internet; you sibei tok kong in soccer betting!

CW8888: lai lai. LOL!

The very human nature at play. Win money talk louder. Lose money tiam tiam.

Sometime, Uncle888 tries to understand why some people refuse to track and measure their performance closely. Ego at stake?

He is close to 60!

Human nature doesn't change with age!

Thursday 16 June 2016

How Come Travelling Also Got Round 1, 2, ....?

Like Uncle88888's short-term trading in the stock market in the same stock for Round 1, 2, 3, ....

Same for his travels; he planned for Round 1, 2, 3 .... LOL!

Top Up CPF SA From CPF OA? Depending On Who You Ask! (8)

Read? Top Up CPF SA From CPF OA? Depending On Who You Ask! (7)

Too bad that Uncle8888 only started tracking his CPF SA starting from 2003; otherwise his data set will be more convincing. With only one top from CPF OA to CPF SA; his CPF SA has managed to achieve CAGR @ 7.6% from 2003 to 2010 in eight years.

How is this possible without any further top from CPF OA to CPF SA?

Do we forget that we have annual salary increment and every few years salary adjustment to market practice?

Some years we have larger bonuses and some years lesser.

We also have promotions that will lead to higher salary, higher annual increment, and higher bonuses.

All these higher and higher high will eventually add up.

In this way, our CPF SA will be compounding at more than 4% p.a!

If we are REALLY so scare of not meeting our CPF minimum; then the right and more effective way is to improve ourselves for career advancement so that we will have higher and higher CPF SA contributions over the years till 55.

CPF SA should be able to meet the minimum sum. Right?

Wednesday 15 June 2016

Don't Set "Silly" Investing Goals And Let Grasshoppers Laugh At You!

You may have read it somewhere in the cyber world from some investment course trainers that by following certain Buffet-Like investing method or Buffet-Twisted investing method; you can LOOK forward to achieve 15% CAGR.

Chun bo?

Like that. Why are these investment course trainers choose to earn one time course fee when they can join the fund management industries to earn year after year annual fund management fee and annual performance fee?

How to avoid setting "silly" investing goals and let Grasshoppers laugh at you.

Benchmark your investing goals against this table where the world's well known investing Masters have performed,

What did you set for your investing goals?

4-5% CAGR or 15% CAGR?

Day Trip to JB

Small makan!

Lunch at Kota Tinggi and late coffee-break at City Square Mall.

Tuesday 14 June 2016

Don't Laugh At Ants When They Looked Far Ahead Of Their Time

Uncle8888 was NOT born as Ant. It was the circumstance and personal encountered with the reality of life that has transformed him into an Ant who looked far ahead of his time and get ready for the reality of life.

No dancing in the Sun!

Long and harsh Winter may come sooner than expected.

Don't envy the Grasshoppers!

Grasshoppers can suffer alone and die alone; but Ants as community cannot drag other innocent members down just because he wants to sing song and merry go round!

The reality of life when AFC 1997/1998 taught his generation the biggest lesson in life and transformation to Ants. Looking around at those folks in his generation, many are Ants!

One Chinese saying: When we don't see coffin with our own eyes; we don't drop our tears!

Seeing with our own eyes is believing!

In 1997-98 Asian Financial Crisis (AFC), I have witnessed few colleagues broke down in tears when they were told that they were lay off. Some were so worried about their mortgage payments.

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

We can see those who regret are likely to be those who didn't expect it coming and haven't adequately plan and prepare for it.

So don't laugh at Ants. When the time arrived; Ants will have the last smile! Life is just like that! Who has the last smile!

You Got Large Investment Portfolio???

This Uncle8888's colleague has been thinking that he has large investment portfolio which is generating investment income to replace his annual earned income.

Oh no!

He was mistaken!

To retire comfortably; it may not be necessary to fully replace our loss of earned income. It may not be easy for average income earners with family commitment to accumulate such a large investment portfolio to generate that level of investment income to fully replace our loss of earned income during retirement phase. Not easy!

Uncle8888 explained that he can retire because his Three Taps Solution is able to generate sustainable retirement income for life to cover his projected household expenses with 2.5% yearly inflationary effect till 2038.

Once Uncle8888 showed him these charts and explained a bit.

Now, he fully understood why he can retire.

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