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

Wednesday 21 December 2016

Turning 55 - and enjoying financial freedom (3)

Read? Turning 55 - and enjoying financial freedom (2)

Uncle8888 as financial and investment blogger is more likely to try learn more when he reads something financially interesting and will try to up-skill his own competency to be a Kaypoh.

Actually for him to technically refund his cancelled housing loan of $50K is relatively simple to achieve that similar effect since he has no more earned income in 2017 and 2018.

He knows that few investment bloggers have been doing it already. 

Do you know what arh?


  1. CW,


    I think its a sign of the times when "savvy" financial bloggers are choosing to "invest" their excess funds in CPF rather than risk it in the markets ;)

    Something for bei kambings who are 100% vested to reflect on...

    1. Quote : "savvy" financial bloggers are choosing to "invest" their excess funds in CPF rather than risk it in the markets"

      "savvy" thinks that 2.5% safely in the hand is better than wild wild XX% in the market.

      But; "Gurus" conducting classes said you can do it at 10% to 15%. No problem!

      What wrong with these "savvy" financial writers?

  2. Uncle,

    Your net amt used are so little. Jealous!!!

    1. My recruit pay was $90 hor!

      My ROD pay was $240 hmm!

      My starting pay was $270 leh!

    2. Bro CW,

      Your starting pay $270, Housing cost $24,117.39 (assumed everything paid using CPF). Ratio 89.32.

      Today starting pay for graduate $2,700. Housing cost (3 room flat) $300,000 (estimate, suburb). Ratio 111.11.

      U still better !

    3. LOL! Actually HDB unit cost was $55K. $24K was just HDB housing loan.

      But apple to apple comparison. $55K was the unit at ulu location next to cemetery.

      Home for Living and not for profit taking

      The address for these flats was previously called XXX Punggol Road and later renamed to Hougang Ave 10 to sound not ulu.


      For years, I have to take short cut through cemetery even through late nights but didn't have any ghost stories to tell.

  3. It's an interesting phenomenon in Singapore.

    All things being equal, if one gets married earlier in Singapore and apply for HDB, you'll likely to pay less than you peers who got married much later in life.

    And to add salt to injury, CW, your flat not 3 room ;)


    And to twist the bayonet, older HDB flats are bigger than the current BTOs ones ;)

    1. After stabbing with bayonet, twisting it, adding salt to injury, let's add some poison to the blade too: CPF is much more in the past and because less amt is used, more cpf can be used for retirement :)

      As long as you don't keep upgrading your flat, you should do well in those times :)


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