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

Saturday 30 June 2018

Who Are The Sellers Of More Than 5% Yield Singtel??? (2)

Read? Who Are The Sellers Of More Than 5% Yield Singtel???

Singtel is also our local investment bloggers favorite yield stock too.

Big name!

Singapore Government did give Singaporean a tiny stake in asset ownership by giving large discount but now scared already and dare not do it anymore. During AFC, sitting on paper losses on this asset ownership from Government; so many Singaporean KPKB on their paper losses even though it is tiny stake at risks!

Time to join the Panadaol Party?

Uncle8888's way of simple TA to determine his own entry price.

This thing on TA is you see what you saw and I see what I saw!

Everyone is loser and winner in TA!

Friday 29 June 2018

Invest CPFIS & SRS For Our Retirement

How often you hear about negative investment return?

Investing is not so easy even investing in CPFIS approved stocks.

STI is still above 3,000 and not even in bear market yet.

Thursday 28 June 2018

Who Are The Sellers Of More Than 5% Yield Singtel???

Read? Singtel stock price movement since Oct 2004

A new 52WL at $3.08

Time to join the Panadol party?

This batch of BBs have lots of patience distributing Singtel to yield investors.

Learn The Greatest Kept Secret In Investing By Walter Schloss???

Read? Why We Invest The Way We Do?

Time for Bei Kambing to wake up!

Paying for subscription to read stock analysis to make buying and selling decision???

Tuesday 26 June 2018

Chinese stocks enter bear market as trade war heats up

The benchmark Shanghai Composite slid into bear market territory on Tuesday, closing more than 20% below its recent high in January. The index fell 0.5% on the day.

Read? Chinese stocks enter bear market as trade war heats up

Which stock market will follow soon?

Running Faster Than The Bull And Over Run The Bull Years Ahead And Now Playing Catch Up With The Bear!

Read? Running Faster Than The Bear In The Stock Market

Hmm ...

Look like  Uncle8888 is running a different race!

Over run the Bull years ahead!

Playing catch up with the Bear

This Broker's report!

Monday 25 June 2018

How To Make Money In The Stock Market? Factors needed to make money in the stock market

Walter Schloss

1. Price is the most important factor to use in relation to value.

2. Try to establish the value of the company. Remember that a share of stock represents a part of a business and is not just a piece of paper.

3. Use book value as a starting point to try and establish the value of the enterprise. Be sure that debt does not equal 100% of the equity. (Capital and surplus for the common stock).

4. Have patience. Stocks don’t go up immediately.

5. Don’t buy on tips or for a quick move. Let the professionals do that, if they can. Don’t sell on bad news.

6. Don’t be afraid to be a loner but be sure that you are correct in your judgement. You can’t be 100% certain by try to look for weaknesses in your thinking. Buy on a scale down and sell on a scale up.

7. Have the courage of your convictions once you have made a decision.

8. Have a philosophy of investment and try to follow it. The above is a way that I’ve found successful.

9. Don’t be in too much of a hurry to sell. If the stock reaches a price that you think is a fair one, then you can sell but often because a stock goes up 50%, people say sell it and button up your profit. Before selling try to reevaluate the company again and see where the stock sells in relation to its book value. Be aware of the level of the stock market. Are yields low and P/E rations high? Is the stock market historically high? Are people very optimistic? etc…

10. When buying a stock, I find it helpful to buy near the low of the past few years. A stock may go as high as 125 and then decline to 60 and you think it attractive. 3 years before the stock sold at 20, which shows that there is some vulnerability in it.

11. Try to buy assets at a discount than to buy earnings. Earnings can change dramatically in a short time. Usually assets change slowly. One has to know much more about a company if one buys earnings.

12. Listen to suggestions from people you respect. This doesn’t mean you have to accept them. Remember it’s your money and generally it is harder to keep money than to make it. Once you lose a lot of money it is hard to make it back.

13. Try not to let your emotions affect your judgment. Fear and greed are probably the worst emotions to have in connection with the purchase and sale of stocks.

14. Remember the work of compounding. For example, if you can make 12% a year and reinvest the money back, you will double your money in 6 years, taxes excluded. Remember the rule of 72. Your rate of return into 72 will tell you the number of years to double your money.

15. Prefer stocks over bonds. Bonds will limit your gains and inflation will reduce your purchasing power.

16. Be careful of leverage. It can go against you.

Schloss was a high school graduate who never graduated college, but learned from the best (Ben Graham) and all he did was implement Graham’s basic concepts over 5 decades and produced one of the greatest investment track records ever.

Sunday 24 June 2018

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

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

We have been reading on super huat retail investors in USA like Agnes Plumb, Margaret Dickson, Paul Navone, Ronald Read and Anne Scheiber.

How about Singapore's super huat retail investor?

Uncle Chua. 

Do you happen to know any other retail investors in Singapore who also super huat in their stock portfolio?

F&B workers in Singapore to be assessed if they can get on wage ladder

Kitchen helpers and other low-wage workers in the food and beverage (F&B) industry could be next in line for a basic wage and structured increases under the Progressive Wage Model (PWM).


These days; Uncle8888 is paying attention over low income news. :-)

But; what he has seen on the ground; F&B workers can easily lose their jobs and may be can also easily get replacement job.

Read? Fundamental Analysis : As Outsiders How Far Into The Future Can We Analyze Company Business?


One outlet closed shop this month now. 

They truly practice cut losses to stop bleeding more cash!

Now back to 16 outlets in 9 shopping malls; the same number when he started on Jan 2017. 

Can PWM really work in F&B when shops easily closed, open or re-opened under different brand or owner?

New hires will reset to lower pay?

Hmm ...

Low Return Is NOT Zero Return and Far Better Than Negative Return!

In our life-cycle of investing; we should be investing largely based on our needs and wants in respect of tight and discipline money management and estimated future cash flow to avoid liquidating any part of our investment portfolio to fund shortfall to meet future years of household expenses.

Low return is not ZERO return and it is far better than negative return when we are NOT in the position to inject monthly capital to our investment portfolio anymore.

We often hear bloggers in the investment blogosphere warning us about impact of future inflation eroding our cash. So what?

Uncle8888 has been living through years of inflation and same as generations before him. The generations before him have survived and so we will survive inflation too. But, we will NOT survive years of negative investment return and followed by years of partial cash draw-down to fund household expenses under negative investment return! 

Inflation may be painful; but negative return will kill us faster when we are not capable of any capital injection any more! Get it?

Saturday 23 June 2018

The Impact On Investment Portfolio With Cash Draw-down Without Earned Income From Full Time Job

Revised method to track investment portfolio management and cash withdrawal to fund household expenses across future volatile market cycles without the support of earned income from full time job and finding how to survive future market cycles.

Friday 22 June 2018

There were times that I wish I did not invest

Read? There were times that I wish I did not invest

My Singapore equity consisting of mainly blue chip stocks of the STI component stocks declined over the past weeks. As a whole, it declined 23.6% from my costs of purchases. Some stocks were bought as far back as in 2008.

I am of the opinion that to pick stocks for investments is harder with the volatility of stock markets. After buying them, I see them declining later.

Holding cash seems to be an option for now. If inflation is benign, then cash will not be eroded due to inflation. Sometimes one wonders whether it is far better to spend money than to invest and then see one’s investments losing values. That is the stage I am at. I have no confidence in investing right now.

In personal investment blogosphere; we need more hobbyist bloggers like him without any vested commercial interests.

Personal investing with our hard earned saving is tougher than we think after surfacing the cyber world coming across on daily tons of vested interests articles telling investing and trading is simple and easy. You just require their proven methods either FA, TA or FATA or HA

Thursday 21 June 2018

Starhub Price Movement Since Oct 2004


What happening to Starhub?

Worse than 2008 GFC!!!

Temasek-linked firms lift dividends 40% to record S$9.3 billion

DBS accounts for almost half of total payout, Singtel S$2.8b and the rest S$2.2b


Uncle8888 sold way too early for Singtel, SATS and STE.

Cut losses for DBS during GFC! Hindsight still pain; but good investing lesson forward on how to mitigate emotional pain on psychology of money by exercising strict and tight money management and positioning sizing!

Losing smaller and losing bigger! Hell of difference in tahan!

Wednesday 20 June 2018

Sector Rotation Pain : After O&G and Telcos. What Next???

Investing for dividend yield is painful!!!

Panadols may not be enough to ease the pain!

How possible for Keppel Corp and Sembcorp Ind to rise back to 2007 stock price?

Same now for M1, Starhub and Singtel!

How possible?

Why UOB, OCBC and DBS overshoot 2007 stock price?

Business diversification and regional?


Tuesday 19 June 2018

Why Misers Still Give Away Their Money???

Read? Life is More than Compounding Money

Why misers still give away their money?

Hmm .. Why arh?

When we don't spend our money on ourselves or our loved ones before we die; someone else at somewhere will be there to happily spend on our behalf as our money cannot disappear by itself.

While Anne Scheiber gave $22 million away, she might have led a more fulfilled life by actually spending some of it on herself and others during her lifetime.    

Would you rather have $22 million at your death and have frugality be your God or would you rather enjoy your life, cultivate relationships while being generous in the present and have $5 million in the end? I’d rather have the latter.    

The sin of obsessive frugality is just as bad as the sin of greed. Both are sins of selfishness.    

Life is More than Compounding Money.  

Monday 18 June 2018

Why Pursue Financial Freedom or FU Money? (5)

Read? Why Pursue Financial Freedom? (4)

Read? Do not organise work activities that eat into family time, Speaker Tan Chuan-Jin urges employers

"In the race of life, you can run it as a rat, and have a rat race, or you can run it in a way you so desire because there are things that are more important," he said, adding that while jobs can come and go, one's family "is all there is".

Sunday 17 June 2018

Now I Have Seen The Tail End Of Compounding Interests Effect of 2.5% In CPFIS Without Any Dividends Re-invested

The tail end of compounding interests effect of 2.5% in CPFIS without re-investing of dividends into the stock market. The Turtle is slow but it is still moving forward one step at a time; and over the decades that slowness is nicely compensated without having future nightmares.

Saturday 16 June 2018

Better safe than sorry: Resist urge to invest in too-good-to-be-true schemes (Refresh)

Read? Better safe than sorry: Resist urge to invest in too-good-to-be-true schemes

Real People. Real Losses

CW8888: Time-sharing scam; one ex-colleage lost money his money. One agency stepped in and called for a meeting for investors to put up $5K each and collectively the agency would have enough fund to fight the case and retrieve some lost money. 

The Agency subsequently also disappeared.

Beware! There are scammers looking for a kill and scavengers looking for your dead bodies too.


The ugly truth about grabbing money; even we have lost money to scam. There is nothing to stop another group looking at how to take some more money from us since we have showed our hand openly that we have money to lose and we are also dumb!

Dumb can be dumber?

Friday 15 June 2018

Singtel stock price movement since Oct 2004

Singtel expects to maintain its ordinary dividend for FY2019 and FY2020 at S$0.175 per share, before it reverts to paying a dividend that comes in at 60% to 75% of its underlying net profit.

52WH : $4.00
 52WL:  $3.16

Currently at more than 5% yield for the next two years as indicated by Singtel!

XD $0.107 on 26 Jul 2018

Home for Living and not for profit taking (9)

Real People. Real Story!

Read? Home for Living and not for profit taking (8)

Read? Home for Living and not for profit taking (5)

Don't mix up residential home and investment property.

In the next one to two decades when baby boomers starting to down grade or right sizing or pass on to their children; hmm ...

Thursday 14 June 2018

Fed hikes rates, points to two more increases by year's end

The Federal Reserve hikes its benchmark short-term interest rate a quarter percentage point.

The Fed says in a statement that economic growth has been "rising at a solid rate," an upgrade from "moderate" in May.

The central bank points to two more hikes, which would bring the 2018 total to four increases.

Thirty Years Reflections on the Ten Attributes of Great Investors

Read? Thirty Years Reflections on the Ten Attributes of Great Investors

CW8888: How can retail investors fully practice this position sizing well across volatile market cycles?

9. Position sizing (maximizing the payoff from edge). 

Puggy Pearson was a cigar-chomping gambling legend who won the World Series of Poker and was one of the world’s best pool players. When asked about his success, Pearson said, “Ain’t only three things to gambling: Knowin’ the 60-40 end of a proposition, money management, and knowin’ yourself.”

Great investors take to heart all three of Pearson’s points, but money management is the one that gets the least attention in the discourse on investment practice.

The book Bringing Down the House by Ben Mezrich tells the story of a half dozen students from MIT who deployed a card counting system to make lots of money in Las Vegas. Their system had two parts. The first was the method for counting cards. Here, members of the team fanned out to different tables and developed a signal to indicate when the odds looked good. But the second part of the system is commonly overlooked. The team members knew exactly how much to bet given the odds at the table and the size of their bankroll.

Similarly, success in investing has two parts: finding edge and fully taking advantage of it through proper position sizing. Almost all investment firms focus on edge, while position sizing generally gets much less attention.

(CW8888: It can be easily understood across market cycles by common wisdom in the investment sphere that it is never wrong to take good profits and leave a smaller position to ride the future market. Position sizing is never easy when we are sitting on giant gains. We will start feeling the emotional pain when market turns against us as we don't like losing!

Read? When a Giant Gain Causes Pain (4)  

Position sizing is far more difficult in practice for retail investors as it is more than just the theoretical or Mathematical part of limiting your position sizing to 10% or less to control risks and damage. How do we sit on giant gains without worrying too much of losing back? 

High doses of Panadols to cause illusion of not losing or 

simply don't bother anymore since we will never lose our hard earned saving or

compartmentalize our money e.g. house money effect/OPM

Read? House Money Effect Bias : The Little Lie We Tell Ourselves. It Helps To Calm Our Investing Mind Across Market Cycles


Wednesday 13 June 2018

STI Major Data Points Since 1990

Let see how Uncle8888 will be performing in the next Bear. His performance matrix to measure his current investing strategy by not hunting for yield as he is not yield hungry yet!

It is on hindsight bias and genius on what he didn't do and what he should have done in 2007. 

Let see what will be the next drawn-down, the rate of recovery and the next peak portfolio value?

Like it or not.  Investing is a Game of Strategies!

Monday 11 June 2018

Saving, Lending and Investing (7)

Read? Saving, Lending and Investing (6)


Keep reading buying bond is investing in the investment blogopshere and even saw this by invest editor.

Uncle8888 is odd blogger making fuss over classification of investing and lending.

He doesn't mind lending his money when the charging rate is closer to credit card late payment charging rate and better will be Ah Long's rate. :-)

No Blog Post On Investing??? (3)

Read? No Blog Post On Investing??? (2)

Read? 15 Things I Learn from My Meditation with Morgan Housel’s Psychology of Money

This morning's reading has made him re-thinking again!

Is Uncle8888 really dumb with his barbell investing strategy?

Sunday 10 June 2018

Turning 55 - and enjoying financial freedom (2) - Refresh

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

Read? Is CPF Accrued Interest for our housing loan increasing and we have to pay back one day when we sell our house?

Same Excitement During Hyflux 6% CPS. No???

Read? Excited By 4.35% Astrea IV Class A-1 Secured Bonds Issue By Temasek??? (2)

Business Times - 27 Apr 2011

Hyflux preference shares up 3.1% on debut 

Issued at $100 apiece, the stock closes at $103.02 on first trading day


HYFLUX'S preference shares, issued at $100 apiece, surged as much as $3.10 or 3.1 per cent to $103.10 on its trading debut yesterday. The stock, traded in board lots of 10 shares each, closed the day at $103.02. It attracted attention for its annual 6 per cent dividend rate. Hyflux has the option to redeem the shares on or after April 25, 2018. If not redeemed then, the dividend rate will step up to 8 per cent.

With the minimum purchase under the public offer of 100 shares, retail investors who missed out on the shares in the ballot would have had to fork out some $300 more yesterday for the same number of shares.

They would also have to accept a smaller yield. The dividend yield of the shares at their closing price yesterday stood at 5.82 per cent.

Hyflux sold $400 million worth of preference shares, with $200 million of the shares set aside for retail investors, $190 million placed to institutional players, and the remaining $10 million for its directors, management and employees, and its subsidiaries under the reserve offer.

The offer of these Class A shares - the first batch of preference shares offered by the company - was double its original subscription size of $200 million.

The public offer attracted a subscription rate of five times.

According to the balloting results, about 10,000 applicants who applied for 100 shares each - or put up $10,000 upfront - received 30 shares each.

Five individuals who put up at least $2 million upfront for at least 20,000 shares received 3,170 shares each, costing $317,000. (CW8888: Bao Jiak!)

Hyflux received about $1.4 billion in applications under the placement offer. Under the placement, more than 70 per cent of the preference shares went to private banks.

The rest of the shares were sold to asset managers and banks.

The non-convertible shares are perpetual in nature, which means that they have no expiry date but can be redeemed by the company.

How I Fund My Living Expenses After Retirement From Full Time Pay?

Since Uncle8888 has no intention to close his CPFIS soon; he will have to tap his dividend income from CPFIS through yearly CPF SA/OA interests withdrawal scheme.

He will be 62 on Sep 2018 and it is time to unlock his SRS over the next few years.

Excited By 4.35% Astrea IV Class A-1 Secured Bonds Issue By Temasek??? (2)

Read? Excited By 4.35% Astrea IV Class A-1 Secured Bonds Issue By Temasek???

Investors can invest in Temasek's first retail bond to boost retirement income: Ho Ching



BUT ....

You CANNOT use your CPF or SRS funds to apply for this bond.

CPF and SRS are Government initiated retirement tool or facility for our retirement.

As of now; can start thinking ..

You CANNOT use your CPF or SRS funds to apply for this bond.

Why like that?

Temasek doesn't represent Government view on the better mean to build up more wealth for retirement through CPFIS and SRS?

Saturday 9 June 2018

CPF OA $1M, 5% Withdrawal Rule and 2.5% annual inflation rate

Read? 1M65 CPF OA Possible Or Not???

With CPF OA $1M, we can apply 5% withdrawal rule i.e. starting with $50K and annual inflation rate @ 2.5%; it can last 20 years.

Accumulate $1M in your CPF OA @ 65 and can retire without too much financial worry!

Friday 8 June 2018

Investors's Mistakes And What We Can Learn From Them

Read? 5 Great Investors' Worst Mistakes (And What They Teach Us)

Read? Here Are Some of the Most Epic Mistakes by Famous Investors: Michael Batnick

What we can learn from these investors' mistakes?

Position sizing, stop losses or cut losses, don't risk more than 10% of your capital on any single stock and not more than 20 or 30% on any sector; do your homework before investing, etc

Investing lessons are learnt from mistakes!

How come we seldom come across investment  articles about "mistakes" of selling way too early and missing multi bagger yield on investment cost and multi baggers capital gains?

Hmm ... taking profits off the table is never wrong. 

Where got mistakes? 

No lesson learnt from selling way too early and missing those big fat gains? 

So it is like that?


Once we have established some form of stable relationship with acquaintances or for bloggers their regular blog visitors/readers and not just personal friends.


"Uncle, you went on leave?"

"Uncle, long tim. no see; you jiak hong?"

It is normal to sense MIA!

So don't MIA for too long without informing!

Otherwise; some may start thinking .....

Thursday 7 June 2018

Temasek delivers 13% return for the year; Record net portfolio value of S$275 billion; Up S$111 billion over the decade (Refresh)

Read? Temasek delivers 13% return for the year; Record net portfolio value of S$275 billion; Up S$111 billion over the decade

Read? Excited By 4.35% Astrea IV Class A-1 Secured Bonds Issue By Temasek???

Hmm ..

4.35% Astrea IV Class A-1 Secured Bonds Issue By Temasek

i.e. generating 4.35% fixed ROC for retail for the next 10 years.

But ...

Temasek : 20 years (1998 to Mar 2017) is 6%
Temasek : 10 years (2008 to Mar 2017) is 4%

Thinking why like that ah?

What is missing?

Wednesday 6 June 2018

Excited By 4.35% Astrea IV Class A-1 Secured Bonds Issue By Temasek???

Read? Saving, Lending and Investing (6)

Before you also caught this fever in the investment blogosphere.

You must clearly understand the difference. Buying bonds is lending money and never about investing.

We lend money to collect coupon/interest and expect Return OF Capital; but can also be unexpectedly zero or 70 to 90% haircut return OF capital.

When we invest; we can collect dividends and expect decent total shareholder Return ON Capital; but can be negative or zero too.

All investment and lending by NATURE is risky!

Saving deposit is insured up to $75K.

No free lunch!

Risk, Return OF capital and Total shareholder Return ON capital made that clear difference. Fully understand who you are and what you want to achieve!

Tuesday 5 June 2018

Food Tasting

Read? Day 9 Osaka : Waterfalls of Takihata, Lake and Dam


Read? 7 Best RAMEN Restaurants in KYOTO

Honke Daiichi Asahi (本家 第一旭) is a long establish Ramen restaurant located near JR Kyoto Station. Founded over 50 years ago, their never-changing Ramen dish made with light pork broth and local ingredients fascinates visitors from all over Japan.

Ichiran (一蘭) is one of the most famous Ramen restaurants in the world, and has numbers of branches in Japan. The Kyoto branch is located near Hankyu Kawaramachi Station in Gion area. Their significant Hakata style Tonkotsu Ramen (rich pork broth) is a must-try dish in Japan!

Look at the long queue!

Customise your order

No round table. It is like eating at your cubicle. You eat fast ok!

Order your order slip!

Ramen served and curtain dropped down. You can eat now and eat fast okay!

Peeled your own egg!



  Beef cubes were so nice and we ordered second plate.

Kobe Beef

You can check licence number if you suspect fake kobe beef




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