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

Tuesday 31 July 2018

What Is The Issue Behind Your 99 Leasehold Residential Home??? (2)

Read? What Is The Issue Behind Your 99 Leasehold Residential Home???

Uncle8888 bought his 4 room HDB  at $55K in 1987 in those days ulu area formerly known as Punggol Rd (Kang Kar); but later his home address was re-named as Hougang Ave 10 and doesn't sound ulu!

1. Taking Yishun 4 room at $196K. CAGR over 30 years of HDB housing cost is about 4.1%

2. Taking Sengkang 4 room at $219K. CAGR over 30 years of HDB housing cost is about 4.5%

What is the issue with BTO housing cost?

Buying resale is different story. You have to give investment profit in order to take over other people's asset. That is the rule of any investment!

Monday 30 July 2018

What Is The Issue Behind Your 99 Leasehold Residential Home???

How many of us have included the market value of our current 99 Leasehold residential home as part of our net worth and to fund our retirement?

For those didn't; any major concern or issue with the market value of your LH residential home?

Sunday 29 July 2018

I 67 still working. You 60 want to retire? (3)

Read? I 67 still working. You 60 want to retire? (2)

“My first encounter with depression was when I was 18 years old and my dad slipped into a very deep clinical depression. In those days, no one talked about it.”

Her father, Michael Fam, was a prominent figure in Singapore society having been chairman of the Housing and Development Board, then chairman of the Mass Rapid Transit Corporation.

At that stage, he had retired and the emptiness of having no vocation was too difficult for him to handle. 

Read more at https://www.channelnewsasia.com/news/singapore/anita-fam-ncss-national-council-of-social-service-10566894


Seriously before FIRE, FIRe, official or forced retirement; we should be thinking about it before it actually happened. 

Our job may  have become our identity and eco system of our life.

Without this identity and eco system of life; some may slip into meaningless life without this eco system to support them! 

Days are seen too long and nights are seen too young! Terrible!

Increasing The Rate of Return On Own Capital Through Leverage Or Compounding

How do we increase the rate of return (ROC)/Yield on Capital on our own capital Mathematically?

1) Leverage


2) The Power of Compounding after Point X

What is acceptable and enough?

That is how we differ from each other?

The Mathematics of having enough!

Enough is relative and also subjective!


Unexpectedly Kep Corp increases 2018 dividends by 7 cts and SGX by 2 cts.

Estimated to end 2018 in about 7.7% total ROC even when capital is 100% recovered from the stock market.

Hmm .. power of compounding after Point X while own capital earning very low yield!

Saturday 28 July 2018

Minimum You Have To Go Through One Full Market Cycle: Bull-Bear-Bull or Bear-Bull-Bear. If Not Don't Talk Too Loud! (2)

Read? Minimum You Have To Go Through One Full Market Cycle: Bull-Bear-Bull or Bear-Bull-Bear. If Not Don't Talk Too Loud!

Real People. Real ROC

She started investing around 2005 with about $250K and now thinking of selling off her remaining stocks and don't bother with the stock market anymore.

After 13 years; her ROC to date is about 8.5% i.e. 0.65% p.a. It is worse than saving rate!

She also attended the course conducted by late "Guru" who wanted to make 10,000 course attendees millionaires. Too bad; she didn't belong to 10,000 millionaires material after completing the course.

Friday 27 July 2018

Some Not High Income Jobs

Facebook's $100 billion-plus rout is the biggest loss in stock market history

Read? Facebook's $100 billion-plus rout is the biggest loss in stock market history


Facebook on Thursday posted the largest one-day loss in market value by any company in U.S. stock market history after releasing a disastrous quarterly report.

The social media giant's market capitalization plummeted by $119 billion to $510 billion as its stock price plummeted by 19 percent. At Wednesday's close, Facebook's market cap had totaled nearly $630 billion, according to FactSet.

No company in the history of the U.S. stock market has ever lost $100 billion in market value in just one day, but two came close.

On Sept. 22, 2000, Intel shed $90.74 billion in market value as the dot-com bubble burst. Earlier that year, Microsoft lost $80 billion from its market cap in one day.

Other companies that have experienced similar one-day losses in dollar amount include Apple in 2013, when it lost $59.6 billion, and Exxon Mobil in 2008, when it lost $52.5 billion.

Facebook's enormous loss in value came a day after the company reported weaker-than-expected revenue for the second quarter as well as disappointing global daily active users, a key metric for Facebook. The company also said it expects its revenue growth rate to slow in the second half of this year.

Thursday 26 July 2018

Anyone Still Winning Stocks Bought during 1987 and 1997 Market Crash???

“You make most of your money in a bear market, you just don't realize it at the time.” - American investor Shelby Cullom Davis.

Anyone who can write well can write anything on market theory on how to make money in Bull or Bear market. But on the ground do you know someone personally who are still holding on to their winning stocks bought during 1987 and 1998 market crash?

Holding on losing stocks to their grave. Plenty of retail investors!

Wednesday 25 July 2018

NTUC chief calls for more companies to voluntarily raise retirement age

LABOUR chief Ng Chee Meng has called for more employers to voluntarily raise the retirement age of their workers beyond the statutory requirement of 62, as he commended Gardens by the Bay for being the latest company to do so.

A raised retirement age will allow older workers to continue working, earn an income and contribute, he said.

Mr Ng was speaking on Wednesday at the signing ceremony of a memorandum of understanding in which Gardens by the Bay pledged to raise its retirement age to 65 from next year (2019).

"NTUC fully supports this initiative by the Gardens. It is something that we hope other employers will follow," said Mr Ng, who is Secretary-General of the National Trades Union Congress (NTUC).


But; more and more younger ones want to FIRE or FIRe!


Monday 23 July 2018

When To Sell??? Depending on Yield on cost. Decent or Reasonable?

Are you so unreasonable to run away from decent or reasonable deal?

temperament20 July 2018 at 21:42:00 GMT+8

i purchased Keppel Corp & Semb Corp and many other counters in 1988/9 and many other yaers on the "cheap" but also sold them on the cheap.

Therefore i always think if i have kept Keppel Corp, Semb Corp like CW, will my CAGR better?


Hindsight wisdom and lucky old man!

The yield on cost was the lowest on that year when these three counters were purchased.

Instead of calling it passive income and attracts pokers; Uncle8888 shall term it as coasting investment income i.e. doing the minimum amount (less analyzing) of work to keep his position.

Sunday 22 July 2018

Coasting Along With "High" Income

DEFINITION of 'Coaster'

A coaster is a slang term for an employee with low ambition and, consequently, low productivity. A coaster is an worker that simply "coasts" through his duties by doing the minimum amount of work to keep his position.

"High" income is relative in that job category/grade/role among our peers!

Those very senior colleagues among us who are earning "high" income; but coasting!


Uncle8888 has been in that position coasting for more than 10 years before finally retiring at 60.

Now; Uncle8888 is back to coasting in his investment i.e. doing the minimum amount of work to keep his investment portfolio at 6 to 7% ROC.

Lazy investor!

Friday 20 July 2018

Thursday 19 July 2018

Another Milestone Achieved As Long-term Retail Investor : 6-Bagger Yield On Cost For Kep Corp

Mr Loh Chin Hua, CEO of Keppel Corporation, said, “Keppel continued to deliver strong results in the first half of 2018. Our multi-business strategy and geographical diversification have
enabled the Company to remain resilient, despite cyclical headwinds in some of our businesses.

“Taking into account the Group’s better performance, including the improvement in our cash flow and net gearing, the Board has approved an interim dividend of 10.0 cents per share for 1H 2018, higher than the 8.0 cents per share for the first half of 2017. 

In addition, to thank shareholders for their trust and support on the occasion of Keppel Corporation’s 50th anniversary, we will be giving out a special dividend of 5.0 cents per share. The interim
dividend and special dividend will be paid out to shareholders on 7 August 2018.” 

With the $0.15 dividend declared; Uncle8888 has achieved another milestone as long-term retail investor. A 6-bagger Yield on cost for Kep Corp!

This 6-bagger yield on cost over past 17 years has been locked in CPF OA through CPFIS refund and will continue to generate interest on total accumulated dividends for additional yield on cost:

Average yearly yield on cost over 17 years = 30%

Additional yield for CPF OA 2.5% on total accumulated dividends for next year = 13%

What you may not know behind this headline number of 6-bagger yield on cost?

Superior meh?

Superior market timer will make superior return!

See for yourself!

Who still say market timing is not critical?

Tuesday 17 July 2018

What About Size Of War Chest???

Try to relate the two diagrams together. Do you see what Uncle8888 saw and understand how come he is like that and how did he survive through past few market cycles?

STI ran up 223% and he started to invest!

He was the bei kambing who never read past STI history before investing.

Never too late to invest or start early! Don't worry about market timing. 

Seafood Soup

Hi Uncle Jacob,

Recently, my colleagues intro me to this nice fish soup near SMOL's place:


You got try before?


Queue is okay!

The fish soup is stronger flavor based and not the typical Teochew fish soup style. Not sure what style is this one. :-)

8.50 = 6 + 2 (Lala add on) + 0.5

$2 Lala add on is not worth the money!

25% of Lala are bad!

For fresh Lala; Uncle8888 still have to go to JB for his steam Lala!

Forget about the Lala; the seafood soup is good!

Unintelligent Nerd17 July 2018 at 21:14:00 GMT+8

Errr......Uncle CW, looks like wrong fish soup stall leh.

Aiya. Next time ask SMOL bring you there. zzzzzz


Couldn't launch the URL from email from my phone?


Hell Of Difference In Thinking Between Retail Investing And Crowd Lending

For retail investors who are keen in FA; they will be looking closely at interests payment. High interest payment and  highly leveraged may be a red flag to look closely.

But; for crowd lending; retail lenders are full of smile on their face as they love high interests payment from SME. They don't really care how high interests payment will affect company's bottom line and profitability and may be also a red flag to company's ability to stay competitive and survive due to higher cost base.


Lending and investing. 

Can be so different! Sigh!!!

Sunday 15 July 2018

Current Size Of Your War Chest Relative To Total Investment Costs In Your Stock Portfolio

Your current size of War Chest relative to total investment costs in your stock portfolio may determine your current style as retail investor.

War Chest > 50% of total investment costs : Aggressive Attacker

War Chest < 10% of total investment costs : Aggressive Defender

Are you playing to attack or to defend in this current local market i.e. SGX?

Why Three Or More Taps Model Is Far Better For Sustainable Retirement Income For Life?

Read? Sustainable Retirement Income For Life - Three Taps Solution - Revised slides

Mr Market is like Dr M who unexpectedly returned to threat our Water Tap. We will be in deep shit if we only have one tap solution for our water need!

Do you depend significantly on your investment income to pay your household living expenses for many more future years across market cycles and be threatened by Mr. Market?

Friday 13 July 2018

Tuesday 10 July 2018

Updated for Temasek

TEMASEK Holdings warned of increased near-term downside risks even as buoyant stock markets lifted its portfolio to a 12.19 per cent one-year return for the financial year ended March 31, 2018.

The Singapore government-owned investment firm's net portfolio value grew to a record S$308 billion, up from S$275 billion a year ago, according to its annual report released on Tuesday. A year ago, the portfolio returned 13 per cent.

The latest results came as key listed holdings posted strong gains over the year; market capitalisation grew 44 per cent for DBS Group Holdings, 91 per cent for Ping An Insurance and 73 per cent for Alibaba Group Holding.

Annualised returns over 20 years was 7 per cent, up from 6 per cent a year ago. Dividend income was S$9 billion for the year. Net profit improved to S$21 billion from S$14 billion a year earlier, Temasek said.

In Real Life Such Retail Investors Are Outliers???

Read? 10 Things We Learned From The 2018 Public Bank AGM

Read? Public Bank Is One Example Often Quoted by Investment Writers How Retail Investors Can Became Millionaire!

5. Public Bank has paid an increasing dividend since 2013. Dividend per share has increased from 58.0 sen in 2016 to 61.0 sen in 2017. Public Bank returned a total of 24% in 2017 including capital gains and dividends. If a shareholder bought 1,000 shares of Public Bank in 1967 and subscribed to all subsequent rights issues, his stake would now be worth RM4.6 million (148,938 shares at RM22.50 per share plus RM1.3 million in gross dividends) – a compound annual growth rate of 19% over the last 50 years.


RM1.3 million in gross dividends over last 50 years

Average gross dividend per year = RM 26K

Average gross dividend per year per share = RM 26 or about S$8.67


Just one stock!

In real life, such retail investors are outliers?

Anyone who has relatives still holding Public Bank and now millionaire based on just one stock?

How about Uncle8888's dream stock Kep Corp?

Over 50 years; may be half a millionaire?

Millionaire will be miracle. LOL!

Sunday 8 July 2018

Compounding Investment Return Pornography???

Read? Coping with Financial Pornography from Millennial Deci-Millionaires.

Hmm ... learnt something from the above link!

This compounding investment return pornography illustration diagram on how to become rich from investment often shown by many investment writers?

No periodic dips in investment portfolio value across market cycles?

Not pornographic? Then what!

Never confuse compounding interests - 8th Wonder of the World with compounding investment return!

De-compounding Of Investment Portfolio

How many marginal retirees (NOT those spending 50% of their investment income)  seriously re-think their investing strategy to factor in de-compounding of their investment portfolio towards their last phase of their investing journey?

Time for Uncle8888 to re-think!

What is the acceptable yearly Return on Capital during de-compounding phase and how much improvement is required to sustain this ROC?

There is no free lunch in the stock market!

Average yearly ROC is 10.4%

2018 ROC as on 7 Jul 2018 is 6.4%

To accept or to improve?

Saturday 7 July 2018

Why Pursue Financial Freedom? (4)

Read? Why Pursue Financial Freedom? (4)

Read? I retired a millionaire at 30 — and now I know why everyone is so unhappy

CW8888: Fully agreed! This, most of us can do it after FIRE or FIRe!

To me, success isn't about money, it's about peace.

I just want to feel a peace. I want to feel calm and present. I want to feel alive. I want to feel at one with the world and myself. I don't want to be shackled by worry about money or the future. I want to feel at ease. Like I've found my rhythm. Like I'm in the right place. That "peaceful easy feeling."

CW8888: When we reach FI; we can choose to escape from corporate noises that we cannot control from creeping into our inner shelf and disturb our peace and those moment of angers or frustration when corporate responsibilities and burdens that are imposed upon on us due to our role and position. Man in the middle gets hit, affected or impacted by both lower and upper layers. :-)

Friday 6 July 2018

STI slipped deeper into correction phase. Next stop Bear???

How are you feeling now with your investment portfolio?

One leg or both legs in our local stock market?

Uncle8888's investment portfolio is slipping into Correction soon. Currently; it has slipped 9% from the peak on Jan 2018

Wednesday 4 July 2018

Voluntary Downgrading of Residential Home And Full Time Job

We can voluntary downgrade our residential home for more money to fund our retirement and we can also voluntary downgrade our full time job to part-time or free lance for more free time or more non-monetized time to pursue other interests.

Downgrading = More money and/or more free (non-monetized) time!

Time is fairest of all. 

Everyone has just 24 hours no matters who you are! 

Hey! Not All Self-Employed (Own Boss) Can Suka Suka! (2) - Refresh!

What I learnt from my neighbour who is taxi uncle! Cannot suka suka don't drive! 

For example, self employed like home-based tutors can sing song and sip coconut juice on whichever day they wish; but rental-based tuition centre tutors have to work at least X or XX hours for "free" before they do same like home based tutors who can sing song and sip coconut juice.

Read? Hey! Not All Self-Employed (Own Boss) Can Suka Suka! (2)

The moral of the story ...

Nature of works made hell of difference!

Who Are The Sellers Of More Than 5% Yield Singtel??? (3)

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

Near new 52WL and still there are shortists and BBs selling!

Not yet bottom out for Singtel???

Tuesday 3 July 2018

Singtel, M1 and Starhub

Big Brother's turn to be hit harder before the whole telco sector gets better?

Monday 2 July 2018

The Biggest Advantage Of Not Having Full-time Or Part-time Job Is NOT having limited annual leaves subjected to boss's approval

Read? Part-Time And Free Lance Jobs

If you think that 14 to 21 days of annual leaves are good enough to pursue your leisure, vacations or travels throughout your lifetime; by all mean you don't have to retire from your full-time job.

Why retire from full-time job?

More free time without having approval from bosses!

Primary reason. No?

STI technically enters into Correction phase at today's closing!

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