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

Monday 30 April 2018

My Thought On Leveraging To Power Up Trading Income From SGX

Read? My Thought On Leveraging To Power Up Dividend Income

How many doing active contra trading realise that contra trading which in reality is leveraging to power up/down your trading income?

You keep doing more and show your friendly brokers your numbers; soon your brokers will pay attention and power you up with more. You leverage more and earn big man!

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

You made money in days i.e. T+3.

Uncle8888's friendly broker was so good to him and power up him with more with T+5, commission rate of 0.22%, Buy Limit @ $300K and Sell Limit @ $400K. Shiok man!

What did he truly learn about leveraging?

We know that leverage is a double edged sword. 

To use this double edged sword; we must have the skill to slaughter those monsters in the market by cutting or swinging in both ways. 

If you only know how to cut or swing in one way with  a double edged sword; it is matter of time you may lose back some, all or more when the opposite side of the double edge sword hit back hard at you.

Get the moral of the story?

It is not difficult to convince ourselves that we can make money from the market. Our outcome will testify that we can and we dare to do it more! We are not stupid! But, Mr Market not stupid too!

Sunday 29 April 2018

My Thought On Leveraging To Power Up Dividend Income

How we view our investment portfolio's dividend income will shape our approach to fill up or refill this glass to full state?

When we view the current state of our investment glass as half empty; and that could mean we had previously held a full glass and now we see it as half  emptyi.e. we had went from empty glass to full glass and now at half empty glass.

We knew that previously we have the resources and means to fill up this glass to full state; we may still have those resources and means on hand to refill the half empty glass to full glass. 

Do we still need to consider additional resources and mean e.g. leveraging to refill this glass to full state since we have previously done it before with those resources and means?

It may not be the same view as someone is seeing the glass as half full as he or she may have come from empty glass to half-full glass and want to fill up this glass quickly. They have to consider additional resources and mean to help them to power up. One way is to leveraging!

From Jan 2000 to 2007; Uncle8888 has been viewing his investment glass as half empty even though it was nearly full and kept chasing to fill it up.

Read? My War Room (7) - The Last Mile

But; now he is viewing his glass as half empty and cautiously looking to refill it to full glass! 

When we see our investment glass as half empty; we will be happy if the glass doesn't go empty! Right?

This is Mind part of 3M's - Method, Mind and Money Management!

Saturday 28 April 2018

Path to Financial Freedom for the Young ones??? - Good time to refresh!

Read? Path to Financial Freedom for the Young ones???

Most of us will never win this Rat Race! It is just common sense!

In personal investing; we run our own race. It is like running a Marathon! Once; we have finished the marathon race; we will be happy as we have done it at our own time and effort!

Vision Or Self-trap By Data Points???

Read? The Power Of Dividend

2009 to 2018 and still waiting for market timing!

Still not keen on income investing on S-REITs.

An issue of hindsight vision or self-trap by data points.

Hmm ...

Lowest average yield is 5.7%

Thursday 26 April 2018

Free Mileages To Travel???


Any one else saw this?

No such thing as "Quality Time" : One Real Life Example

Read? No such thing as "Quality Time"

Read? More Money or My Son?

Son : All this while you have neglected me. Have you really care about me? Concern me? I hardly see you. You keep working day and night! You have no time for me!

He has a Wake Up call from his son. This ex-colleague has reached 55 on that year and over the next few months; he worked out his number that he has enough money from his CPF OA, Insurance endowment and saving to retire early.


We can speculate that he could have been for a long time thinking that he has already spent "quality" time with his only child until he got "slapped" in his face by his son!

Wednesday 25 April 2018

The Power Of Dividend

With Keppel Corp and Sembcorp Ind going XD today; this table has been updated to see the power of dividend when the entry price is right. 

We need luck, market timing and war chest!

Tuesday 24 April 2018

The Road To F.I.R.e Is A Planned Route.

Read? Goals, System And Process Are Not Mutually Exclusive! (3)


Uncle8888 clearly knew it and in no illusion and planned decades ahead of its time and could even announce his Goal sooner than expected when he has better grip of ETA to his retirement.

One of his peers who was very motivated and cheong worker who after re-org became his last ex boss before his retirement on Sep 2016.

He bought Uncle8888 lunch and requested him to delay his decision to retire early.

Boss: I won't dare to ask you to delay your retirement. Can you work till Dec so I can have more time to manage the transition?

CW: Last year I have given you and the team one year advance notice. Do you still remember, 10 years ago I have already tell every body that I will work up to 60?

CW: Dec is not possible as I am planning for my Taiwan for Nov/Dec period. Okay, I can work till end Sep. If any work related issues that were not cleared and needed my help I came back to office to help. Anyway, I should be very free.

Uncle8888 did went back on two occasions to help to advise on some outstanding issues.

Read? Life Cycle - Some Dreams And Lots Of Regrets (2) - Count down to 60 in Sep 2016

Sunday 22 April 2018

Part-Time And Free Lance Jobs (2)

Read? Part-Time And Free Lance Jobs

"Somehow; one day on 15 may 2017; he received an offer for 8 HWW (Hours Work Week). A simple job with plenty of walking exercise on every Mondays and Thursday (any time from 11 AM to 6 PM to complete this simple job task. Uncle8888 takes less than 4 hours to complete each task with his power walk)"

In reality, nothing is safe from being taken away!

Started this 8 HWW (Hours Work Week) last June 2017; and in less than one year in this job; he realized tough competition in F&B space in retail malls. 

Three outlets have closed shop and existing space taken over by other brands under different owners. 

Two outlets did re-branding under the same owner. One of the two did second re-branding after three months as the previous re-branding didn't survive.

From 16 outlets to 13 outlets; of course he suffered 19% pay cut in less than one year! LOL!

In reality, nothing is safe from being taken away!

Gender Bias And Man Ego

When a married man turned from dual household income into single household income; his wife calls herself either housewife or homemaker. But, when a married woman turned from dual household income into single household income; her husband doesn't calls himself either househusband or homemaker. He called himself early retiree or F.I.R.E!

Modern married women; many of them are earning much higher income than their spouse. Who should be the homemaker when one of them decide to retire early?

Saturday 21 April 2018

How I Grow My Investment Portfolio At 18% CAGR Over 17 Years???

Solid 18% CAGR over 17 years from Jan 2000 to Sep 2016


Scroll down!


By doing monthly capital injection into his investment portfolio!


18% CAGR!

You think this is an investment joke?

Stop Loss, Cut Loss and Trailing Stop

There is no universal experience or outcome in implementing stop loss, cut loss and trailing stop; we experienced them in our own way. 

No absolutely right or wrong! 

It is your own outcome over market cycles that matters!

Banks were the faulty stocks during GFC; but now they are breaking new historical records!

DBS hit new historical high at $29.95

Theoretical high after XR in 2007 was $22.25 

Read? DBS : Sold @ $19.38 (Re-presenting it in new format)

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

Friday 20 April 2018

TIP - To Insure Performance? Not Really For One Time Effort Job (2)

Read? TIP - To Insure Performance? Not Really For One Time Effort Job

Tip can be in kind!

Even millionaires have cost worries if they live to a 100

Read? Even millionaires have cost worries if they live to a 100

CW8888 : Cham liao for those planning F.I.R.E at 30s or 40s!

CLOSE to half of Singapore's millionaires expect to live to 100, and this is driving significant changes to their spending, investing and legacy behaviour, a study by UBS has found.

UBS Investor Watch Research has found that 46 per cent of those polled in Singapore expect to live to 100, compared to 53 per cent globally.

The expectation of a long life is creating anxiety, however, as 42 per cent worry that their wealth will not support them till age 100. Of these, 66 per cent worry about the rising costs of healthcare, and 63 per cent worry about whether they can afford their current lifestyle in retirement.

In Asia, 45 per cent worry about their wealth lasting till 100, compared to 21 per cent in Europe.

Investment behaviour is expected to shift as 45 per cent plan to adjust their long term financial plans and 46 per cent their spending patterns.

The research surveyed 5,000 millionaires in 10 markets, with at least US$1 million in investable assets (excluding property). The markets included Germany, Hong Kong, the US and UAE. In Singapore, 400 individuals were polled between December 2017 and April 2018.

Singapore's average life expectancy, based on World Health Organisation data last year, was 83.1 years, compared to 83.4 in Switzerland and 83.7 years in Japan.

Hartmut Issel, UBS head of Asia Pacific equities and credit (chief investment office), said: "It it heartening to note that many Singaporeans already have a financial plan in place, and are adjusting their investment portfolios in preparation for a longer life span.''

The silver lining is that almost 80 per cent have a financial plan in place. "If 80 per cent see the need to plan for the long term, it tells us that 20 per cent don't hold that view strongly. We need to reach that 20 per cent as well to have a discussion on life expectancy. You need to think about how you invest and put a plan in place.''

Singaporean millionaires believe being healthy is the top priority: 83 per cent worry that their health will deteriorate over the next 10 years and 92 per cent say investing in their health is more important than growing their wealth.

The average wealthy Singaporean would sacrifice around a third of their wealth today if that could guarantee another 10 years of healthy life.

The majority (85 per cent) believe that activity and work have positive effects on health. In fact 68 per cent expect to work longer than the traditional retirement age to maintain their lifestyle.

On legacy planning, 51 per cent plan to give more away while they are still alive. Over half plan to give more to their grandchildren than their children, believing that it will be more useful at their stage of life.

On investments, Singapore's high net worth individuals picked healthcare as their top choice for long term investment opportunities. Equities and real estate were also favoured, but so was cash, which was picked by 40 per cent of respondents. In Asia cash was favoured by 52 per cent.

Wednesday 18 April 2018

Counting The Opportunity Cost Of Rotting Cash (3)

Read? Counting The Opportunity Cost Of Rotting Cash (2)

No longer driven by the need to put food on the table, millennials are lured by the ability to make a "difference"

How about investing without driven by the need to put food on the table from their investment portfolio?

What will be your investing strategies to make a "difference"?

To make a "difference"; what is the opportunity cost?

Monday 16 April 2018

Counting The Opportunity Cost Of Rotting Cash (2)

Read? Counting The Opportunity Cost Of Rotting Cash

Assuming 5% dividend yield per year on yearly accumulated war chest not invested since 2012; the opportunity cost to break even to cover those missing dividends from 2012 to 2022 is about 50% ROC on current war chest.

50% is not that scary!

Sunday 15 April 2018

Road to F.I.R.E

Late start to F.I.R.E!

Unlike the current generation who want to reach F.I.R.E in their 30s or 40s.

Saturday 14 April 2018

$3.60 Duck Noodle (Small)

Read? $3 Chicken Rice


Last visit. No queue!

This time. No open!

Which stall has long queue now?

Dry kuey teow mee. $3.60 small.

Next which one still has long queue?

Being Teochew, die die has to try Or Nee mi chiam kuey  $1.20 and the usual pan cut peanut mi chiam kuey.

Hmm.. this one looked smaller and not the standard size. Inflation!


Senior hawker couple uses cup cake wrapper to hold the mi chiam kuey so any loose peanuts falling into the cup cake wrapper may not be wasted. Uncle8888 poured them into his mouth. 

Friday 13 April 2018

Uncommon Happening During Off Peak Public Transport


Super bo chap!

Eating rojak!

Auntie not stupid hor. Her back is facing bus driver to eat her rojak!

Then Uncle8888 moved up one seat in front of her and stared at her. She also bo hew and bo chap! Her father's bus . LOL!

Auntie didn't like to eat tau gay!

Let see how many such uncommon happening can be posted here!

Millionaire Mindset???

There are few classes of millionaires e.g. business owners, land owners, enbloc, lucky ToTo ot Big Sweep and lastly the employee or self-employed (No work. No money).

Employee class of millionaires in HDB heartland are more likely to be conservative in their spending and not into expensive materials show off.

Wednesday 11 April 2018

$3 Teochew Fish Ball Mee Pok

When comes to food at unknown places; we can Trust the queue and then Verify!

Three fish balls, 1 meat ball, 1 fish dumpling, few slices of fish cake and some bak chor.

Selling at $3. Value meal. Right?

Tuesday 10 April 2018

Seafood Bee Hoon

RM 53

RM 17

Steam La La. Freshness assured!

Not fresh. Who dares to steam them?

RM 30 for 6 pieces of fish cake. Bagus!

Tau bao from another shop selling fish ball noodle as 
fish cakes from this seafood shop is not that good!

Food - Live to eat or Eat to live???

Read? Eat To Live or Live To Eat???

For common folks like Uncle8888 and especially when he slowly lost his taste and then completely lost his taste for many months after radiotherapy. He slowly regained his taste over the years but and never 100% as before!

Tasting nice food is your gift that many of you may never appreciate it!

Eat to live is about edible food. 

Live to eat for common folks is about taste and smell and it should be looking good as well. 

Why fine dining is so bloody expensive? It is more than just taste and smell. Right?

Banana cake is sold everywhere?

Why Banana at JB is so good and people are so willing to queue on hourly basis for the next batch of oven hot banana cakes.

Many will proceed to the nearby coffee shops to smell and eat a slice or two while the banana cake is still hot! We always do that. 

Don't let the queuing effort goes into waste!

When we kept the leftover of banana cake in the fridge for next day breakfast. It didn't taste and smell that good anymore.

Same as freshly cooked meals!

Live seafood, fresh seafood, and not so fresh or worse rotting seafood.

Rotting seafood is still edible when they are deep fired or cooked it in curry or make it real spicy!

Taste and smell will always make that difference! Live to eat or Eat to live!

Eat is live is simple! When bad time hits us hard; we can survive by eat to live. Surely we can! 

In the mean time enjoy your taste and smell! YOLO!

Monday 9 April 2018

$3 Chicken Rice

For those on monthly concession pass and plenty of free time be frugal diners!

Normally; we see chicken rice served on single plate for value chicken rice meal so Uncle8888 at first thought it was for $4 as they are selling at $3/$4/$5!

Drumstick chicken rice will be served on two plates basis.

Part-Time And Free Lance Jobs

There is difference between part-time and free lance jobs. Auntie8888 is working on 3 half-day part-time and Uncle8888 is working on 8 HWW (Hours Work Week) and free roaming across the island of Singapore in MRT trains and buses with plenty of walking up stairs and escalators.

Read? One Year After Retirement From Full-time Job As Employee

Part-time workers by Law still entitled to pro rated annual leaves, medical leaves and medical benefit e.g. $10 claim per consultation visit. They still need to apply for annual leaves for absence from work and needs boss's approval.

For free lance jobs; there are no annual leaves and medical leaves. 

For any absence from work, we just need to notify job co-coordinator to arrange for job covering. No approval needed!

Many of us may not like our full-time job with tough KPIs thrown at us by our bosses. How about part-time or free lance jobs?

Some time; Uncle8888 passed by and stopped at job fairs to browse; there are plenty of vacancies for part-time jobs. :-)

Actually; the true objective of seeking financial independence is about getting out of Rat Race in the corporate world of Bell Curve rating and job appraisal which help to promote peers back-stabbing and office politics to get or stay ahead of peers.

Once we get out of Rat Race after financial independence; whatever we choose to do after retirement from full-time employment doesn't really matter much.

Last Saturday; Uncle8888 met his senior ex-colleague who is now in his 70s. He told me after a few years of retiring after 55 (last time retirement age is 55); he went to work on part-time (on demand basis)  to deliver spare parts for workshops until he realized he had difficulty to walk longer distance and stopped working. 

Nowadays; he has to find more kopi drinking kakis to past time. He quickly jio Uncle8888 to lim kopi! LOL!

Sunday 8 April 2018

Counting The Cost Of University Education at SUTD (8)

Read? Counting The Cost Of University Education at SUTD (7)

1st Half gone and on budget!

Year 1 & 2 (Apr 16 to Mar 18)

Spending So Much Time On Investing. Worth It Or Not? (2)

Read? Spending So Much Time On Investing. Worth It Or Not?

99 Years Leasehold HDB 4 RM Home in Hougang is going to zero in 68 years!

From PropertyGuru, the last transaction price in his block 

May 2016 4 Room flat , New Generation 1,001 $415,000

His gross profit = $415,000 - $55,000 = $360,000 over 31 years

His CPFIS net refund (net profit) over 18 years (2000 to 2018) is 


Home is not an investment property so it doesn't generate cash flow so it will have to depend on capital appreciation before it is too late for 99 years leasehold!

Saturday 7 April 2018

Peace Of Mind And Emergency Funds. Really???

Read? Peace Of Mind and Emergency Funds

Peace of mind?

Chun bo?

Emergency fund may help us to avoid selling investment assets during market low at realized losses and locked in permanent losses to fund our living expenses.

When we kept seeing our investment portfolio going down in value -10%, -20%, -30%, -40%, -50% and more. How many retail investors still have peace of mind?

Some of sleepless nights; we could be blaming ourselves for being stupid for not getting out of the market earlier to level up our war chest to buy them cheaper and more.

How to have peace of mind when market crashes into prolong bear market?

You guess or really know?

5 Nights Busan and 1 Night Seoul (6)

Read? 5 Nights Busan and 1 Night Seoul (5)

KRW 45,500

2 mins walking from Seoul station

KRW 19.000 for two

5 Nights Busan and 1 Night Seoul (5)

Read? 5 Nights Busan and 1 Night Seoul (4)

Day 5 :  Gwaebeop Renecite River side (Not in Best 13), Dongbaek Island, Marine City Cafe Street and Haeundae Cine Road

The flowers form a continuous band along the 8-kilometer-long riverside. Best place to enjoy on foot or by bike. * to get there: Take metro line No.2 and transfer to Busan-Gimhae Light Rail , and get off at Gwaebeop Renecite Station. 

Gwaebeop Renecite River side Cherry blossom slow stroll

Walking under falling pedals

Dongbaek Island, Marine City Cafe Street and Haeundae Cine Road

KRW 33,800 for two

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