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

Sunday 31 July 2016

How To Let Your Spouse To Become Passive Investor Even When He/She Is Not Interested In Investing?

1. Open Joint Bank Account with your spouse.

2. Open Joint CDP Account with your spouse .

3. Open Joint Brokerage Account with your spouse

4. Transfer all your investment holding in your personal CDP to this Joint CDP account.

Bravo! You have made your spouse passive investor!

Now, who is still saying that there is no such thing as passive investor with passive income? LOL!

Month Ending Household Expenses Update : Sanity View Of Sustainable Retirement Income For Life

Swiber : What Lesson Did I Learn???

Quite number of articles written in the cyber world related to Swiber.

What you should not do?

What you should avoid?

You see I saw it coming!

All these hindsight experts have shorted Swiber and now laughing to the Bank?

Over market cycles bad things will always happen and some companies will fail and die.

Every few other days there are people in Singapore tio Cancer.

Every few other weeks there are cancer patients who didn't make it and died.

Can we avoid or escape?


But, we can protect ourselves and our family financially so there is less financial stress when bad thing happened to us.

This is how risk management and money management play that important role in our life. We are better off to be Ants when we are married with family and kids.

How much different in investing?

Investment Process - A Roller Coaster of Emotions

This image has been share so many times till many have seen until Sianz!

But, this is not the truth!

There will always be Buyers and Sellers at every completed transactions.

The stock market is weird. One buys, another one sells, someone waits and all three think that they are smart.

Now, who is right and who is wrong?

Only hindsights will tell the story of real winners and losers.

Commonly known Image

Lesser known Image as seen through the eyes of CW8888 in his real life of investing for past 16 years.
Pain, Joy, Regret, Sorry and Sianz!
Greed and Fear.
 All Have!
The Real Thing Going Forward.
This Thing!

What Do You Really Know The Main Difference Between Growth Dividend Stocks and Income Stock Like S-REITs???

One of the four in the sharing session is not new investor; he and his spouse have been investing. His wife worked as researcher so the couple decided that it is quite obvious that wife will take up the task of researching on stocks and companies.
After reading Uncle8888's several postings on Retirement Planning on his company's Chat Zone; he suspected that Uncle8888 could be an experienced old investor who has made it in his investment to be able to retire @ 60. His Goal is to retire early too.

Some time in life; luck factor does a part. Uncle8888 was queuing to buy his kopi-o kosong at staff canteen. He came and queued behind and then said  "Good Morning, XXXX".

Hmmm .. Uncle8888 was surprised by this greeting as he doesn't really know this colleague well from another Division and very seldom interacts with him on any work related matters too.

One thing Uncle8888 has just learned besides "No Free Lunch".

There is such "No Free Wide and Smiling Greeting from a lesser known".

The real motive behind this Greeting is he has some investment questions to ask.

Okay. Uncle8888 told him to contact Miss Keppel Corp Can Buy Or Not??? (2) as she would be arranging a Sharing Session on Friday.

Like any other retail investors who loves passive income like S-REITs; in the sharing session he asked about S-REITs and income strategy. When he discussed on the right questions; he managed to realize what he didn't know the difference between the investing thesis behind growth dividend stocks and income stocks may have actually slow down his investing journey to reach his investing goals to retire earlier than the official Singapore retirement age.

Read? Three thing on investing???

Read? How to become rich in stocks??? (9)

Saturday 30 July 2016

My SGX Mobile App

Uncle8888 realized that quite number of people are not aware of this useful app which is used by him everyday.

Stock picking is part science, part art, part luck, part intuition, and always uncertain - "not precisely knowing." (Time to dig up old stuff)

Read? Stock picking is part science, part art, part luck, part intuition, and always uncertain - "not precisely knowing."

How to become rich in stocks??? (9) - Share in the Sharing Session

Read? How to become rich in stocks??? (9)

Keppel Corp Can Buy Or Not??? (2)

Read? Keppel Corp Can Buy Or Not???

To some retail investors; it is an old cow who has been giving them lots of Milk for so many years. Okay. They may be sad to see it getting sick or may be dying soon; but the experience and feeling is totally different from some investment bloggers or on-lookers looking at it as young Calf waiting for its Milk and/or Meat.

Get it?

How many truly understand and able to explain the journey of lifetime investing is a journey of experience of calculated risks, controlling emotions, losses and rewards as mixture as an OLD and NEW investors of stocks holding and portfolio. Hindsight of what if and what else of talks practically useless. At the end of decades of investing; the true outcome did we make it as an OLD investor or forever a reborn NEW investor. That is investing!

Friday 29 July 2016

Keppel Corp Can Buy Or Not???

One young lady colleague was keen to start investing and asked "Keppel Corp Can Buy Or Not?"

Instead of answering Yes or No;  Uncle8888 went through 4 hours+ of investing lesson with her and her three other colleagues using Keppel Q1 and Q2's result and transcripts and Oil as case study.

She will have to find her own answer as life of long run retail investor starts from learning to find our own answer.

The stock market is weird. One buys, another one sells, someone waits and all three think that they are smart.


Hmmm.... Last night new Whatsapp chat of thank you at 21:41

STI : The Swiber Effect

See how STI fall?

One man's meat is another man's poison.

Thursday 28 July 2016

Over the 20-year period that ended 31 March 2016, the GIC Portfolio generated an annualised real1 return of 4.0% (Figure 1) above global inflation

GIC’s mandate is to achieve good long-term returns. The primary metric for evaluating GIC’s investment performance is the rolling 20-year real rate of return. The goal is expressed in real terms because GIC must, at a minimum, beat global inflation and preserve the international purchasing power of the reserves placed under its management.

Over the 20-year period that ended 31 March 2016, the GIC Portfolio generated an annualised real1 return of 4.0% (Figure 1) above global inflation. In nominal USD2 terms, the portfolio generated an annualised return of 5.7% over the 20 years that ended 31 March 2016. This means that US$100 invested with GIC in 1996 would have grown to US$303 today.

CW8888 One-Man Gang vs. GIC Army of Investment Experts
Ant vs. Elephant.
Still OK lah!

Wednesday 27 July 2016

How we made 468% returns on Kep Corp on dividends only (2)

Read? How we made 468% returns on Kep Corp on dividends only

Kep Corp XD today!

Looking at the chart on yield on initial investment cost; it is like going one full circle to 2002 again.

Cyclic investing!

The days of fat divestment is over and now left with much smaller M1 and K1. Not much fat left.

One Chart Tells The Whole Story. A Lifetime Of Earned Income after Tax As Salaried Employee, Compounded Saving, and More than 16 yars of Investing Journey. (2)

Read? One Chart Tells The Whole Story. A Lifetime Of Earned Income after Tax As Salaried Employee, Compounded Saving, and More than 16 yars of Investing Journey.

Tap 3 and its associated War Chest will decide how much will be left behind.

Old man before crossing the Road must look left, look right, look left, look right, look carefully before stepping out. Sad truth!

Tuesday 26 July 2016

I am Finance Manager!!! (Good Time To Refresh)

Retail investing is another skill. Not all finance, accountant, business and economics graduates are potential good investors themselves.

Read? I am Finance Manager!!!

What Is The Real Risky Thing To Do In The Market?

When you CAN'T AFFORD to LOSE it but you choose to PUT it to test for opportunity in the market. That is the real RISKY thing to do. Get it?

Risk and opportunity are twin sisters!

One Chart Tells The Whole Story. A Lifetime Of Earned Income after Tax As Salaried Employee, Compounded Saving, and More than 16 yars of Investing Journey.

One Chart that tells the whole story behind a lifetime of earned income after tax as salaried employee for more than 39 years and supplemented by more than 16 years as retail investor in short-term trading and long-term investing in local SGX only.

See the real thing and truth behind wealth building as retail investor; it may not be what we are expecting when we first started investing with lots of self-confidence - COMPOUNDED GROWTH year after year over market cycles of Bulls and Bears.

Monday 25 July 2016

Cut Losses And Hide Into Cash? Think It Is Difficult To Recover Our Realized Losses With Cash! (3)

Read? Cut Losses And Hide Into Cash? Think It Is Difficult To Recover Our Realized Losses With Cash! (2)

Many retail investors are trapped by their by own emotions so doing the Maths matters!

The Real case for the Maths!
Assuming 50% dividends cut from FY 15 H2, FY 16 full year dividend payout for Kep Corp = $0.08 + $0.11 = $0.19.
HOLDING: Yield on investment cost for position held @ $9.67 is about 2% yield.
The Maths showed that cut losses into cash does little to help the investor's wallet; but it may heal frustrated or broken heart.
Cut loss to immediately switch to another Horse is a different matter!
See the difference!
Overheard someone after learning this strategy from Uncle8888; she has significantly recovered her losses after the recent sales of some switched Horses.

Sunday 24 July 2016

Cut Losses And Hide Into Cash? Think It Is Difficult To Recover Our Realized Losses With Cash! (2)

Read? Cut Losses And Hide Into Cash? Think It Is Difficult To Recover Our Realized Losses With Cash!

True Story!

This debate happened many years ago at one cbox.

Why don't you cut losses?

What is the reason?

To recover back some capital to re-invest.

Hmmm ....

What if we have plenty of capital in the War Chest, we still need to cut losses to raise more cash to follow the Street's advice?

Dumb or Smart?

What you think?

Feel like eating then go and eat! (2)

Read? Feel like eating then go and eat!

Back to Hiap Joo's Banana cake shop again last Friday; this time he went early to grab those fast selling out and limited buns. You can get banana cakes most of time as they keep topping up stocks but not for buns. How come? Lower margins for buns.

Otah and Tau Sar buns are solid.

Bought some and ate them while they were still hot at the opposite coffeeshop's with your kopi, kopi and Teh. :-)

Quote : "Saw one nearby eating outlet, Triple K selling Pepper Root & Oxtail soup. Next time at JB Central will try this one."

We went to Triple K for Pepper Root & Oxtail soup but was told that the soup was still cooking and expected to be ready in one hour time for lunch. Sianz! Got to come again next time.

All About Market Timing and Time In The Market

After a few market cycles; Uncle8888 is rather convinced that for retail investors it is about Market Timing and Time in the Market for healing and rewarding.

The last GFC in 2008/2009, it was about financial crisis. This crisis is about O&G crisis.

Those have invested in O&G stocks in the recent years are in for rude shock and years of pains!

Uncle8888 has overheard the pain felt by some retail investors in Kep Corp. It was that bad and they have lost so much!

How about Uncle8888's feeling on his Kep Corp since it is his largest holding in his portfolio, longest holding period, highest yield and highest rounds of trading.

Read? How we made 468% returns on Kep Corp on dividends only

Read? Kep Corp : Bought @ $9.64 for Round 95

As retail investors; we are on our own and remember there is no Holy Grail method that will fit into us. Yes, we can search for ideas and references but still there is no Holy Gail method. Stop believing! You think Value Investing sure made money? You must quickly go and learn har.

When market crashes; value investing made simple. Get it?

Is this market timing and time in the market to get into Value Investing?

How different from value investing that are normally advocated in the printed and cyber world?

When market crashes; we get the right "Value" stocks and spend enough time to get the value from them. Not Value Investing? Then what?

When we get our market timing wrong on our positions and then we spend the rest of our time in the market feeling the pain, losses and frustration and then start or re-start to believe in Value Investing may be the way to go.

The Real Person. The Real Market Timing and Time in the Market. The Real Outcome. The Joy and The Pain in the Ass!

See for yourself closely and see whether you get it?

Saturday 23 July 2016

One veteran sent me this note last night ... (2)

Thursday, 25 June 2015

Read? One veteran sent me this note last night ...

Even veterans can find it so difficult to time the Market after years of riding market cycles.

Time flies!

It was more than one year when he sent me that note on 25 Jun 2015. Since then, Market didn't crash or drop much.

Last check with him few weeks ago; he is still 100% out of equity market and collecting interests from short term notes.

Financial Independence = Passive Income > Household Expenses???

With Kep Corp 50% cut in dividends in 2016 H1 from $0.12 in 2015 to $0.08; he is expecting similar cut in 2016 H2. Uncle88888 is also expecting weaker dividends from SCI.

He has revised his number for 2016 and 2017 and more homework is expected in 1st two years of his retirement to close the gap.

$1.2M Cash At 63 Still Not Sure Enough To Retire???

The Real Person with conversation with real person on his retirement adequacy.

He is 63. Currently, he is re-employed by his company on yearly basis and he is still thinking of retiring sooner; but he doesn't trust Mr. Stock Market to invest for income as retirement cash flow. So how?

He is thinking hard and harder!

He bought landed property in the early days and down graded two years ago to fully paid condo. He made net profit of $1.2M cash to prepare for his retirement.

We often read that investing for income is not difficult; but on case by case basis; the real person with lots of money and the FEAR of losing large sum of money is also real has made investing so much harder. Right?

Thursday 21 July 2016

How we made 468% returns on Kep Corp on dividends only

The Real Person!

We use this method to invest on Kep Corp. In fact, this method was successfully used by Jessie Livermore.

In the famous book entitled Reminiscences of a Stock Operator, Jessie Livermore said: “After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight!

It is no trick at all to be right on the market. You always find lots of early bulls in bull markets and early bears in bear markets. I've known many men who were right at exactly the right time, and began buying or selling stocks when prices were at the very level, which should show the greatest profit.

And their experience invariably matched mine -- that is, they made no real money out of it.

I found it one of the hardest things to learn. But it is only after a stock operator has firmly grasped this that he can make big money. It is literally true that millions come easier to a trader after he knows how to trade than hundreds did in the days of his ignorance.”

Men who can both be right and sit tight are uncommon.

It is more commonly known as Timing the Market and Time in Market method.

The Real Person. The Real Method. The Real Outcome.

US stocks end higher with 7 straight record closes for the Dow

U.S. stocks closed higher Wednesday, with the Dow ending at a record high for the seventh day in a row as better-than-expected earnings boosted optimism on Wall Street.
The Dow Jones industrial average extended gains for nine consecutive days for the first time since 2013, with Microsoft contributing most to the upside.
The S&P 500 closed at a new record level, led by technology which had its best day in 16 years.

The Nasdaq composite had its highest close of the year, helped by a 2 percent gain in biotech.

Wednesday 20 July 2016

What Recent Retirees Wish They Had (or Had Not) Done

Read? What Recent Retirees Wish They Had (or Had Not) Done

Although many retirees (66%) reported that they were living the lifestyle that they wanted in retirement, a little more than half (57%) looked back on the years before retirement and wish they had done more to prepare, according to a study by Fidelity Investments.

There’s a lesson here for people who have not yet retired but are thinking about it.

“Workers approaching retirement often look to their peers who have already gone through the process for valuable lessons learned,” said Steve Deschenes, executive vice President of Fidelity Institutional Retirement Services Company, in a news release.

“Those living in retirement now can provide valuable insight to people getting ready to make that transition, from knowledge of the basic fundamentals such as the key elements of a successful income plan, to identifying resources that can help with critical decisions that need to be made.”
“This can have a dramatic impact on the quality of life today’s pre-retirees will experience when they retire.”

Uncle8888 is an Ant who follows China's Ancient Wise Man's words ...

"The general who wins the battle makes many calculations in his temple before the battle is fought."

Sun Tzu said:
Those who understand these fundamentals will win.
Those who don't will be defeated.
Preparing for retirement is like preparing for a long battle so he has made many calculations again and over again assuming different scenarios.
So far, after many years of reading books and articles on retirement planning; he has found that this model has very good chance of meeting his retirement goals and doesn't depend too much on the Mood of Mr. Market. He has transformed the Myth Of Passive Income into Reality with his Three Taps Solution.
The execution of this Plan will kick off on 1 Oct 2016!


US: Dow edges to new record

[NEW YORK] The Dow finished at another record on Tuesday, but disappointing earnings from Netflix weighed on the tech-rich Nasdaq.

The Dow Jones Industrial Average advanced 0.1 per cent to 18,559.01, to set a record for the sixth straight day.

The broad-based S&P 500 lost 0.1 per cent at 2,163.78, while the Nasdaq Composite Index shed 0.4 per cent to 5,036.37.

Tuesday 19 July 2016

Leave A Few Eggs In One Basket???

You often read or read these advices from investment Gurus:

Don't Put all your eggs into one basket


Don’t Put all your eggs into one basket

How about something new to digest?

How about Leave A Few Eggs In One Basket?

Read? Uncle8888, how do you find multi-bagger stock? (Re-visit)

Updated with GLP; the new number is 56!

How do we put our eggs in the basket?

Put all eggs or Don't Pull all eggs in one basket?

How did Uncle8888 put all his eggs into one basket?

He went out to find as many eggs as he could find. As of now, he has found 56 eggs!

He threw away most of his eggs and leave a few eggs in one basket and watch it closely.

The Moral Of Story ...

Start with Diversification and then end with Concentration.

Too Chim?

Put all your eggs into one basket???

An early morning smile after reading this by one of those investment gurus teaching retail investors in blogosphere.

How many retail investors think that they have the investing capital to accumulate up to 35 stocks in their portfolio and STILL think they are not diversified?

Don’t Put all your eggs into one basket .......

Quote : "Teng, one of Singapore’s most successful boutique fund managers, is famous for “putting all his eggs into one basket”.

During his tenure at Target Asset Management, he only invested in 35 stocks."

Teaching method and executing method are two different skills - CW8888

US stocks close at record highs, Dow hits 7th straight day of gains

U.S. stocks closed at all-time highs Monday as Bank of America's quarterly results helped investor confidence going into earnings season.
The Dow Jones industrial average ended about 15 points higher, with Goldman Sachs and Home Depot contributing the most gains. The blue-chips index extended its winning streak to seven days, with a fifth straight day of record closes.
The S&P 500 also ended up about a quarter of a percent at a record high, led by information technology and consumer discretionary sectors.

Monday 18 July 2016

DBS Bulls Are Coming???

GLP - Sold @ $1.915 at ROC 18.2%

Read? GLP : Bought @ $1.605 for Round 1

Round 1: ROC 18.2%, 59 day, B $1.605 S $1.915

Sunday 17 July 2016

Most Of Us Will Have A Few Financial Bombs Ahead Of Us And We ourselves ASK for them

We are among those many brave ones who have travelled the normal path . We have chosen to be bombed a few times over our life. 

Some of us might be bombed just one or two times at most while the rest of us are bombed until Chow Ta; but we just restart our finance all over again!

No regret! Life is not just about having MORE and MORE money!

At the end of our bombing journey; many of us still manage to be quite OK financially.

Sometime, Uncle8888 is wondering how he did it?


Well done. Folks!

Give yourself a HIGH FIVE if you have completed your bombing Journey!

We are the Role Models for our future generations!

Investment Marathon Race: His Previous 10 Years Goals vs Current 10 Years Goals

From the two charts, it is quite obvious after the last GFC in 2008/2009; Uncle8888's Lam Par has somehow shrunk!

Can carry on like this and still meet 2021 Goal Target?
First 5 years comparison: Brave vs. Timid
Cham liao!

Looking back; what unlikely to happen again?

The falling back of achieved Goals and returning part of realized gains back to Mr. Bear.

How come?

No more Contra trading so no more Forced losses.

No more Realized (or Cut) losses for lousy stocks to switch horses as he has already taken back all his investing capital and more for his War Chest.

Read? Cut Losses And Hide Into Cash? Think It Is Difficult To Recover Our Realized Losses With Cash!

Read? The Four Phases Of Saving And Investing For Retirement

Now, in PRESERVE phase, his portfolio has to be more focus on risk control to avoid large losses by not taking higher betting.

Saturday 16 July 2016

Add One New Member to Group ToTo

He didn't know about Group ToTo until he had lunch with Uncle8888's ToTo Gang last Wed and decided to be part of the Gang.

Created a new Whatapps group for this Focus Group. :-)

Wah! Group ToTo is not commonly know to ToTo punters or many punters don't wish to share. Which is which?

Uncle8888 is damn serious when ToTo Jackpot prize hits $4m and above.

Group ToTo in action!

His Lifetime Of Earned Income After Tax (Aug 1977 to 15 Sep 2016) vs Net Investment Gains Since Jan 2000

Read? Count Down To Retire@60

With Uncle8888's fixed monthly salary; it is simple to compute his lifetime of earned income after tax from Aug 1977 to 15 Sep 2016; it is over 38 years of using his Human Asset to generate cash flow comparing to over 16 years of using his Financial Assets to build up another source of wealth and cash flow for the rest of his life.

One consolation prize after spending more than 16 years in SGX, our local stock market; he realized and quite confident on his current investing strategy and war chest; he should be able to survive for the next 5 to 10 years in the stock market unless he becomes dementia before 65 to 70.

Wealth Accumulation Rate P.A. From
Human Asset vs. Financial Assets:
Over 38 years: 68% as of 15 Sep 2016
Over 16 years: 32% as of 15 Jul 2016

The most important thing that he realized that it is better to avoid large losses than trying to win big by taking higher bet. Recovering from large losses is painful and may take a very long time just to breakeven.

Dow ends big week of gains at fresh record

Strong US retail sales lifted the Dow to a fourth straight record Friday as global equity markets finished a big week of gains on a muted note.
The Dow Jones Industrial Average record came after a robust June US retail sales report gave further evidence of momentum in the world's biggest economy.

US stocks otherwise showed signs of fatigue, with the S&P 500 ending modestly lower, snapping a streak of four straight records.

Friday 15 July 2016

DBS : One More Attempt By The Bulls

The Four Phases Of Saving And Investing For Retirement

Read? The Four Phases Of Saving And Investing For Retirement

Passive Income is NOT a Myth!

Read? Passive Income is a Myth

Do anyone think that Uncle8888 is a crazy man who is going survive for his next 1 to 2 decades based on a Myth?

It is up to us to build up our own model of Sustainable Retirement Income For Life to make it as passive as possible and doesn't turn this activity into another form of part-time job working on a full time work-week.

CW8888's Three Taps Solution



Hawker galore on Michelin's Bib list

Banks lead as Dow, S&P 500 push to fresh records

US stocks pushed to new records Thursday, lifted by JPMorgan Chase's strong earnings and hopes for more stimulus from central banks.

The Dow Jones Industrial Average gained 0.7 percent at 18,506.41, its third straight all-time high.

The broad-market S&P 500 extended its record streak to a fourth day, advancing 0.5 percent to 2,163.75. The tech-rich Nasdaq rose 0.6 percent to 5,034.06.

Equity markets shrugged off the Bank of England's decision to hold interest rates and stimulus unchanged in its first meeting after Britain voted to leave the European Union. The bank though signalled it could come at its August meeting.

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