As from April 2013 my Journey in Investing is to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

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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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Sunday, 12 June 2016

Less Is More - Simplfy it Whatever Thing We Really Care!

Less Is More ... Look at the final number or outcome!

Uncle8888 was no different; he also started by tracking every single expense and transaction to know his household expenses and to manage his budget; but slowly he began to realize that this type of detailed tracking and tabulating was sucking away his time.

It was not much fun doing them either. He was spending up to 2 minutes per expense or transaction doing tracking and recording and slowly these activities added up! Suck man!

Read? Two Bank Accounts? No, You may need Four! - (4)

Less Tracking. More Big?

What we really care or concern is how Big?

Ultimately, we just  need to know how big has this number happened in the past and how often have other similar big numbers also happened?

” If you have a worry problem, do these three things:

1. Ask yourself: “What is the worst that can possibly happen?”

2. Prepare to accept it if you have to.

3. Then calmly proceed to improve on the worst.”

(Carnegie 49)

Once we know the biggest Number, we learned from this wise man of History and help ourselves.

Dedicated one bank account to track all our household expenses to know the Big Number. That is what we need to know to overcome our worries on not having enough money!

Once the Big Number is taken care; the rest of the smaller numbers are peanuts? LOL!


  1. Can't we spend less time and effort to achieve reasonable outcome? No?

  2. Yes.
    Look at the big numbers (bank accounts.) monthly and beware of big number as it occurs.
    It is not 100% accurate but enough to warn you have overspent your income or not.
    Fuzzy Logic can work quite well too (for me)
    In fact i think i always underestimate my net worth in order not to overspend.

  3. CW,

    It's a process or journey.

    Tracking and monitoring are just tools (clutches or sampan) to help us determine WHERE we are - how far we have journeyed from our starting point; and how far still to go to our desired destination.

    Once we have reached our destination, you'll be surprised how many still cling on to their clutches; or carry the sampan over their heads when they are already on dry lands ;)

    Somebody is 50 steps laughing at 100 steps...


    1. How not to laugh by Grasshoppers?

      Ants may have to do these.

      (1) Use Inflatable sampan to cross

      (2) Use foldable bike to cycle

      When I go for my long distance jog, I will bring some cash and Translink fare card for contingency if I decided not to jog all the way back. This is how Ant like to think and plan.

  4. Uncle 8888

    Out of topic abit if I'm out of track.

    Used to only look at investment port folio, however these past 2 months, I reflected and tracked warchest, investment holdings and emergency funds as a whole portfolio to see the overall. ( this is good as circumstances changes) and like uncle 8888, I start to use pie chart and Bar chart.

    Qualitative and Quantitative.


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