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

Friday 31 March 2017

Q1 2017 Investment Performance Report

Read? Full Year 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 6: Q1 2017 Result for Tap No 3 (Cash Flow from Investment Portfolio)

 Achieved 43.3% against 54% of 2021 Goal Targets.

Without Mr. Bear; Cash is not King!

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 2017.

Since one year ago: 8.3%
Since 1 Nov 2008: +1.8%
Since 1 Jan 2003: +7.5%

Since 1 Jan 2000: +7.0%

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 and our investment portfolio will be the Accelerator to become wealthy or reach financial independence earlier when we get it right.

Stop day dreaming from Get Rich Fast scam or 30 minutes a day effort to get rich!

Man O Man

Something to share with u... Don't know who wrote this... Hats off to him some good truths here.

Man O Man!

When without money, eats vegetables at home.
When has money, eats the same vegetables in a fine restaurant.

When without money, rides a bicycle to and from home.
When has money rides an ‘exercise bicycle’ at home.

When without money, walks to earn food.
When has money, walks to burn fat.

Man O Man! Never fails to deceive thyself!

When without money, wishes to get married;
When has money, wishes to get divorced.

When without money, wife becomes secretary;
When has money, secretary becomes wife.

When without money, acts like a rich man.
When has money acts like a poor man.

Man O Man! Never can tell the simple truth!

Says share market is bad, but keeps speculating.
Says money is evil, but keeps accumulating.
Says high positions are lonely, but keeps wanting them.
Says gambling & drinking is bad, but keeps indulging.

Man O Man! Never means what he says and never says what he means..

Life is not about what you couldn't do so far, 
it's about what you can still do. 
Wait, don't ever give up...
Miracles happen every day.
$2 seems too much to give a beggar but it seems okay when its given as tip at a fancy restaurant.

After a whole day of work, spending hours at the gym seem alright, but helping your Mother out at home seems like a burden.

Praying to God for 3 min takes too much time but
watching a movie for 3 hours doesn't.

Waits a whole year for Valentine's day but always forget Mother's day.

Two poor starving kids sitting on the pavement weren't given even a slice of bread but a painting of them is sold for hundred dollars. 

We don't think twice about forwarding silly jokes, but we will rethink about sending this message on.

Think about It..

Make a change, because you can ....

Here are six easy ways to earn, even after death.

1) Give a smile or gift to someone. Each time you give a smile, it will make someone's day. You gain.

2) Donate a wheelchair to a hospital. Each time a sick person uses it, you gain.

3) Participate in building an orphanage, or a hospital or a school or a college.
Anybody uses it, you gain.

4) Place a water cooler in a public place. When someone drinks the water, you gain.

5) Plant a tree. Whenever a person, sits in its shade or eats from it, you gain.

Warren Buffett’s (often ignored) advice to mega-rich investors

Read? Warren Buffett’s (often ignored) advice to mega-rich investors

But it’s the next part of Buffett’s advice that makes it so interesting. He goes on to say:

“I believe, however, that none of the mega-rich individuals, institutions or pension funds has followed that same advice when I’ve given it to them. Instead, these investors politely thank me for my thoughts and depart to listen to the siren song of a high-fee manager or, in the case of many institutions, to seek out another breed of hyper-helper called a consultant.”

When investors hear Buffett’s recommendation of an S&P 500 index fund, they probably assume he means “most people should just invest in an S&P 500 index fund, unless they have special access to the most expert money managers, as wealthy investors and sophisticated administrators of large pension and endowment funds do.”

But the quote above implies that is not what he means. He means that even mega-rich individuals, institutions or pension funds, who do have access to the most expert money managers, should also follow that advice.

CW8888 thinks otherwise what Buffett really means ...

When come to stock investing; you either be average investors in ETF or learning to become active competent investors to make money in the stock market. No such thing as passive income when you are picking cherries on your own.

DBS : Sold @ $19.38

Read? DBS : Sold @ $19.03

The problem with having too much spare time and a laptop in front! 

Round 21: ROC +20.4%, 449 days, B $16.01 S $19.38

Round 20: ROC +11.3%, 490 days, B $16.98 S $19.03 
Round 19: ROC +178%, 4,385 days, B $7.53 S $21.04   
Round 18: ROC +144.7%, 2,174 days, B $8.27 S $20.31  
Round 17: ROC - 31.1%, 232 days, B $24.20 S $16.80  
Round 16: ROC - 21.6%, 222 days, B $23.20 S $18.32  
Round 15: ROC - 18.1%, 186 days, B $22.90 S $18.88  
Round 14: ROC - 9.2%, 70 days, B $21.00 S $19.20  
Round 13: ROC +9%, 65 days, B $20.50 S $22.50 
Round 12: ROC +10.6%, 8 days, B $20.50 S $22.60

When Receiving Such Gifts For Personal Consumption As Men May NOT Be Good Thing To Happen To Us

For Men. 

For their personal consumption. 

Not really good thing to happen.

You get it?


For women.

For their personal consumption.

It may be different thing. 

May be joyful gifts to receive!

How come?


Six Months After Not Doing Anything To Increase GDP As Jobless Man!

Read? Two Months After Not Doing Anything To Increase GDP As Jobless Man!

On Retiree's daily dress code

Somehow; over the last few days Uncle8888 began to miss eating that popular XO Fish Head Bee Hoon near his former office so he went with Auntie8888 to eat lor.

While waiting for his fish head bee hoon; 4 ex-colleagues from the same office building also went there to take their lunch.

One of them was shocked to see him in shabby dress down in singlet, teenage short (his kid leftover) and  slipper: "Wah! So casual."

Uncle8888 replied back: "Ya. Retiree's uniform." and told him that the other day went to HQ to lim kopi with five other ex-colleagues also wear something like this.

Walau! Some colleagues just cannot accept that complete image change of an office worker who has to previously dress up accordingly to office dress code.

Life without the restriction of dress code to impress may be shocking to some eyes! 

Thursday 30 March 2017

Like that also can???

Uncle8888 nowadays eng eng became Google Warrior in the Cyber world.

Walau! When he came across this; when someone can't afford courses fee but can learn to invest for multiple streams of income with their small capital while struggling to make their ends meet.

Quote : Looking as if she was going to explode, Elaine replied, “My brother has been retrenched and out of work for half a year already. He can’t afford the course fees and I couldn’t even help him. I wish we can do something to help the rest of the people like him!”

Personal Investing Is Like That. If Not Then What???

Wednesday 29 March 2017

Singapore stocks finish higher, STI at new 19-month high

Is Bull having longer leg?

See for yourself!

Tuesday 28 March 2017

My Two Old Widows Neighbour And Their Home

One old widow; she didn't want to leave this home of more than 30 years; but her daughter sold her mother's flat and moved old woman to stay with her. Okay. She is filial daughter. Right?

But, when old woman talked to Uncle8888 ; her tears rolled. She still prefer to live in the same neighborhood and good to bounce into the same old faces of 30 years to chat for a while.

The other old widow continues to live alone at her home of more than 30 years; but her son hired a maid to take care of his mother. Okay. He is filial son. Right?

The old woman even remembered that Uncle8888 casually mentioned to her about going to Bangkok sometime ago and the next time Uncle8888 bounced into her again. She said: "You came back from Bangkok and ho chit toe bo?"

Sons and daughters of old widow or widower parent who loves his or her neighborhood and loves bouncing into the same old faces of 30 or 40 years neighbors to chat for a short while. Do try to understand the moral of the story!


Read? SGX : Bought @ $7.46 (2)

Round 2 : ???

Round 1: ROC 12.3%, 61 day, B $6.87 S $7.76

Total dividends collected : $0.28

Total net realized P/L in cash to date in the pocket : $0.30 after re-investing for Round 2

Total = $0.58

Give Me One Last Chance!!!

Give Me One Last Chance!!!

Why it is good to exclude our residential home as part of our net worth's assets?

When our smart financial planning failed so badly towards the end of our time. What is the moral story of that picture?

How much is actually in that Piggy?

Nobody knows until it is broken!

Whatever it is; it will definitely help!


Give Me One Last Chance!!!

Your STI Chart Is Too Cheem!!!

Is this one still cheem?

Monday 27 March 2017

Are Dividends Good?

Sometime, while reading newspapers article relating to investing stories; we may wonder whether it is just theoretical assumption of investors or in real life there is one such retail investor?

The newspaper mentioned about Keppel investors on their past dividends they have received. They should have little to complain.

Uncle8888 has no complaint!

One of The Best Hedge Fund Titans Also Can Lose Money

Multibaggers Defined

Read? Multibaggers Defined

A multibagger is an investment that has gained several times its original value. Each "bag" represents your entire original investment. So if you invested $5,000 in a stock and your holding is now worth $10,000, you have a two-bagger. If it continues to appreciate and is eventually worth $35,000, it's a seven-bagger. At $50,000, of course, it's a 10-bagger.

The idea of a multibagger is thought to have started with Peter Lynch, who referred to "10-baggers" in his seminal investing book, One Up on Wall Street. The term stems from baseball, in which players rack up "bags" by running around the bases.

Voluntarily Cash Top Up To Our Children CPF Account When They Are Young For Compounding Interests

Hmm ...

One reason Uncle8888 recently came to know : Lock up this money in the CPF system till their children reach 55 so they can become richer with parental cash support.

Do they mean that they are going to leave behind very LITTLE or NO inheritance for their children?

Which is likely to be larger?

Inheritance or CPF when their parents have so much surplus cash to think of topping up their children CPF accounts?

Looking at Pennies; but forgetting those Pounds to be picked sooner than expected?

Okay. They also mean they will set up Trust to protect the Inheritance too.

Then this is smart financial decision!

The last time Uncle8888 checked with OCBC Trust; we need minimum of $5M to set up this private Trust. :-(

The Investing Stories Behind Singapore's STI Blue Chips

Read? Uncle Chua's School of Long-term Investing??? (2)

Read? Grand old investor and gambler???

CreateWealth8888  27 February 2014 at 08:27:00 GMT+8

When to start buying?

One grand old uncle (80+) told me this. The same old uncle who held APB for XX years and lost count of how much money he has made.

When you see both ST and Zaobao showing at the same time large graphical of global market crashes at the front page.

This is the time to start buying slowly.

Ah Peh, you chun bo?



Unlike those days it is impossible to leave behind Investor Collector Items for the world to read and judge for themselves on their investing stories as there were NO records to show how they did it. 

But, these days are different; hobbyist PF bloggers can leave behind traces of their investing journey until they stopped blogging.

Uncle8888 will need another two more market cycles to trust, verify, and validate (1) In long-term investing, your account size really matters and (2) Less analyzing. More investing.

Read? Hey! Are you good at stocks? (2) Good to Refresh

Successfully completed three cycles of 

a) Bull-Bear-Bull 


b) Bear-Bull-Bear

Awarded Ph.DSM (Ph.D in Stock Market)

8 years of waiting for the course for Ph.DSM (Ph.D in Stock Market) to start and how long more to wait?

It is real test of patience and discipline!

This will require something else to keep the patience and discipline intact. So it is not that easy do it while the Bull is still running!

Sunday 26 March 2017

8th Year Into Waiting For Mr. Bear ....

krz md26 March 2017 at 15:52:00 GMT+8

uncle, what % is in your war chest?

Malu. Poor market timer!

Kiasu and kiasi!

So what is his plan to deploy his War Chest?

As Blue Chips Uncle; it is not that difficult to decide how to do it.

STI index will guide his deployment plan with Bell Curve across the Fall of STI.

STI is crashing!!!

How can we still stay calm?

Learn from ancient wisdom:

 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)

Uncle8888 did a stress test on his investment portfolio and the worst case scenrio is ...

The Past. The Present and The Future!

Do take note that Uncle8888 is NOT fully depending on his stock dividends as cash flow to support his retirement income. He is still very ambitious on capital gains even he has no more earned income from full-time job. Uncommon investing strategy for retirees?

Difference In Time To Trust, Verfiy And Validate The Value Of Financial Courses

Read? Self Interest vs. Vested Interest???

For trading courses; you can trust, verify and validate within 1 to 2 years whether you can make it or not; but other type of financial courses that preach long-term investing over market cycles; by the time you trust, verify and validate whether you can make it or not. 

Your "Gurus" or Trainers may be at somewhere else sipping coffee or drinking tea.

Same same as your friendly FA or Insurance Agents; when you need them badly; they may have already move on. 

Oh dear; you may need to call insurance customer service centre yourself. :-)

Do You Know About Family Life Inflation???

Did your parents pay for your tertiary education?

If yes; tonight at your family dinner with them; give thanks to them. Okay?

 Are you thinking of getting married and having more kids?

If yes; you are in this journey of family life inflation and putting more pressure on your saving for investment and retirement ...  :-)

Take the tough ride and enjoy your life journey too. Many would agree that life with many challenges ahead is worth living. LOL!

Uncle8888's family life inflation is like ....

Saturday 25 March 2017

Contra Trading. Damn Shiok!!! (2) - Refresh

Walau! Uncle8888 has been noticing the word Contra is back in the cyber world. Profiting from active Contra trading is back!

Good news for those with large war chest as the waiting time may be shorter!

Read? Contra Trading. Damn Shiok!!! (2)

Revamped Pang Sua Pond in Bukit Panjang reopens

After Uncle8888 has completed his walk and jog; he can tell you that there are many nice places in Singapore to explore on BMW. 

It is free and you can easily find and stop at the next food outlets for your value meals too. Exploring with your kids is also no issue.

Read? Revamped Pang Sua Pond in Bukit Panjang reopens

Read? Jog The Singapore's Park Connectors - Round 13

Read? Walk One Round The Coastal Singapore And Jog All PCNs of Singapore

Why I Don't Lend My Money Via P2P???

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

Peter Lynch:

You don't need a lot in your lifetime. You only need a few good stocks in your lifetime. I mean how many times do you need a stock to go up ten-fold to make a lot of money? Not a lot.

I think the secret is if you have a lot of stocks, 

some will do mediocre, 
some will do okay, and 
if one of two of 'em go up big time, 

you produce a fabulous result.  


In lending money via P2P to earn XX% interests and feeling shiok is like making the Inverse of Wise Words from Peter Lynch becoming true!

Most of time; you earn fabulous interests; but if a few of them go default; you may return most of your fabulous interests in your lifetime of lending.

Wu Hua Bo, Bro?

Friday 24 March 2017

Taking HDB Housing Loan : Wipe Out CPF OA Or Max CPF OA to SA???

Here is the Maths!

Know the difference

Choose what is right for you as couple. 

Start talking. LOL!

Trust but verify - SMOL

Source --> Enquiry on Monthly Installment

Thursday 23 March 2017

Roaming The Streets Of Singapore With BMW (Bus, MRT, and Walk) - 2

Read? Roaming The Streets Of Singapore With BMW (Bus, MRT, and Walk)

Read? Financial Independence : Withdrawal??? Passive Income > Living Expenses??? (2)

With this surgical operation to fix the Hernia; Uncle8888 confirmed this thinking as below:

With Uncle8888's eyes wide open with an unhurried mind; what he actually saw and got him thinking and thinking ...

What is physically external to our body; we can do something preventive to at least slow down the weakness; but what is internal in our body; we can't really do much. Even with stronger financial resources; it doesn't really help.

Our organ and tissues inside our body. Our mind - Dementia!!!

Scary thought!

Doctor told him that it is hard to pin-point the root cause of his Hernia. It could be due to his earlier than expected aging of tissues; his daily pull-up; sit-up; leg-up exercise; carrying of heavier weight or due to the two weeks of chronic cough before he began to notice something was not right. The difficulty of detection of abnormality when there is no pain present to sound an alarm.

Singapore's wealth per adult rises 1.4% in 2016, continuing trend of slower growth rates: Credit Suisse report

Read? Singapore's wealth per adult rises 1.4% in 2016, continuing trend of slower growth rates

SINGAPORE - Singapore is now tenth in the world in terms of household wealth per adult, down from eighth last year, but still top in Asia, says a report released on Tuesday (Nov 22) by the Credit Suisse Research Institute.

Wealth per adult rose 1.4 per cent to US$277,000 (S$394,000) in 2016. This compares to the annual growth rate of 6 per cent from 2000 to 2016 caused by high savings, asset price increases and the rising Singapore dollar from 2005 to 2012.

Note that "wealth" in this study includes the price or value of one's home. It also includes the value of financial assets like bank savings, shares and bonds.

Wealth per adult here is forecast to rise 2.2 per cent a year to US$309,000 in 2021, said Credit Suisse in its seventh annual Global Wealth Report.

Singapore's total household wealth grew 2.9 per cent in 2016 to reach US$1.1 trillion, reversing a 5.8 per cent drop to US$1 trillion last year.

But household wealth here will accelerate at a rate of 3.5 per year in the next five years to reach US$1.4 trillion in 2021, Credit Suisse projected.

The report found wealth distribution in Singapore "moderately unequal", with 18 per cent of adults having wealth below US$10,000, compared with 73 per cent globally.

Singaporeans have also progressed rapidly up the wealth pyramid, with now 50 per cent of adults having a net worth above US$100,000, compared to 21 per cent in 2000, while those with wealth below US$100,000 have declined from 79 per cent to 50 per cent of adult population.

The number of millionaires grew 2 per cent to 150,000 in 2016, who together have US$541 billion in wealth.

The super-rich, or ultra-high-net-worth individuals with more than US$50 million each, grew even faster at 14.2 per cent to 885.

The number of millionaires is forecast to grow 4.2 per cent per annum to 185,000 in 2021.

Financial assets make up 54 per cent of gross household wealth in Singapore, a ratio similar to that of Switzerland and the United Kingdom.

The average debt of US$54,800 per adult here is moderate for a high-wealth country, representing 17 per cent of total assets, said Credit Suisse.

Planning, Goals, And After Life???

In life; it is better not be Iron Teeth!

Do you believe there is After Life, Karma, etc?

It is better not to be Iron Teeth. Believe there is After Life. Believe there is Karma, etc.

If turns out actually there is no such thing. We; those NOT Iron Teeth have really nothing to lose. 

Don't have. Don't have lor!

Same as Planning and Goals.

Planning fail!

Goals not achieved!

So what actually will happen?

You got plenty to lose meh?

The Evolution Of The Four Pillars For Retirement Income Portfolios

Read? The Evolution Of The Four Pillars For Retirement Income Portfolios

Since Uncle8888 as retail investor is a failed trader; he has learnt something from the above diagram and from SMOL. He has amended his diagram according.

Changing from Trading P/L to Capital Gains from the Bull i.e. no capital gain; it is NO SELLING to reflect exactly the state of mind of a failed trader!

Financial Independence : Withdrawal??? Passive Income > Living Expenses??? (2)

First Time Hospitalized ---> FLU With High Fever : The Hidden Fatal Risk For Senior Citizens

Read? Financial Independence : Withdrawal??? Passive Income > Living Expenses???

First Time Surgical Operation  

Uncle8888 has day surgery at TTS to fix up his Hernia problem and the deposit for surgical operation has to be paid via

(1) Medisave
(2) Cash 
(3) Personal Cheque
(4) Credit Card
(5) Approved Medi-Shield linked Plan

Private medical plan?

You go and settle on your own hor!

As interest-wise; he paid via Credit Card!

It will be months of light duties without strenuous physical activities on stomach muscles; but no restriction on talking more!

Wednesday 22 March 2017

You All Investment Bloggers Like to Make Investing Look So Easy (2)

Read? You All Investment Bloggers Like to Make Investing Look So Easy

Avoiding those large losses that deplete our investing capital till recovery looks almost impossible is the key to the final outcome of long investing journey and strictly comply to this principle.

3 Ms - Method, Mind and Money Management!

What did you actually see? 

What is that key to avoid portfolio destruction till no chance of recovery?










Grasshopper Is Not Like What You Think. Everyday Sing Song Without Works!

Read? Invest Like An Ant, Not A Grasshopper???

Life Insurance Is Definitely Important Up To Point X In Our Life Journey!

In personal finance; we have to be competent over the three scopes covering saving, insurance and investment through our life journey.

On that night; one guy asked Uncle8888 for his view on life insurance; as usual he would illustrate his view on the flip chart with marker pen. LOL!

Now; he illustrated the same view with better diagram here.

Read? My Long Term Personal Financial Goal - Self-insured Fund by 60!!! (2)

Tuesday 21 March 2017

I Am Liability To The Team!!!

Read? Random thoughts: Coporate Rats out there, We can be happy rats

As corporate rats; we will run the Mill as dictated by Top Down and corporate development scene. We as rats running or spinning will have little control over how we should run the Mill. 

The day may arrive sooner than expected that we are no longer that happy rats running that old Mill. The Mill is unknowningly shifted or changed.

As Manager over the years Uncle8888 has received quite a number of resignation letters and have to sit down with them to TRY to uncover the true reason behind the resignation.

This guy's reason was uncommon and came as big surprise. He told Uncle8888: "I am liability to the Team!" and that was the reason he has to leave!

The day we no longer enjoy spinning the Mill as rat; we unknowingly become Liability to the Team!

How many unhappy rats have that guilt in them and choose to leave?

Those who have reached some level of financial comfort?

That guy has one investment property for rental; may be he has not reached financial independence; but may be financially comfortable to feel the guilt and walk out and seek elsewhere to spin the next mill as happy rat.

CAGR : His Human Asset vs. His Investment Gains. Who is more powerful?

Nowadays; many are talking about Big Data and Data Analytics. 

Long, long ago Uncle8888 as Baby Boomers already went big on Big Data and now he knows his Numbers and can show the Right Thing about CAGR between Human Asset and Investment.

Singapore's blogosphere is lucky to have old folk like him who is also financial rubbish collector who can now present real big data on the truth behind the scene of retail investing.

Read? Speaking And Sharing With Track Records!!!

Unless you are super investors or "Gurus" making most of their money by teaching others to reach financial freedom; you may be better off focusing on your human asset and that is the sure way to increase your net worth from saving without squeezing yourself too hard to live for the future instead of living the present.

Sunday 19 March 2017


Give Your Child Fish Or Teach Your Child How To Fish

As parents we set real life examples for our children to learn from us and hopefully they will follow the right thing from us.

Does it make sense to use CPF to be a long term endowment for your kids?

One participant asked 2 questions a long the lines of:

could we contribute more to our CPF SA, above the minimum sum limit and take advantage of the 4% interest
is it a good idea to contribute to your child’s CPF early and treat it as a savings endowment?

Uncle8888 belongs to old school of thought.

Give Your Child Fish Or Teach Your Child How To Fish?

For his three children; when they reached Sec 1 level; he gave them weekly school pocket money allowance for them to manage their money on their own. Whatever leftover were for them to keep. 

There was never an incident of them asking for more weekly allowance. 

Each year; their allowance would be increased so that they would be managing slightly more money than the previous year as they grew older.

When they reached University level; Uncle8888 opened joint bank account with them and transferred one year worth of budgeted University fund to them and let them managed their own Uni fund. 

But; it was not totally hand off approach as Uncle8888 still tracked their withdrawal pattern closely and would query them for any unusual sign of expenses.

Your Investment Portfolio is your Accelerator on the Road to Financial Independence! (2)

Read? Your Investment Portfolio is your Accelerator on the Road to Financial Independence!

Singapore Man of Leisure18 March 2017 at 11:31:00 GMT+8


I faint!

Eh, before you "go", remember to donate your collection to National Archives OK?

You collector you!


Today, Uncle8888 went back to his old boxes in the store room to dig up for any archives on FD interest rate before 2000

Oh oh oh ! Found something!

Now; thinking back ...

Was the book Rich Dad. Poor Dad; the real trigger or motivator behind his journey to become competent active investor?

Now; Uncle8888 has second thought; the real motivator and trigger was ..... ????

The book, Rich Dad. Poor Dad was just an enabler to take action!

What do you think?

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