But; inflation in Kind is not reflected in the official inflation Price index. Sigh! No change in price. $5.50 + $0.50 = $6.00 But; you see closely! What did you notice? Unfortunately; didn't have the previous photo to compare.
After five promotions; it was game over for him till his voluntary retirement in his 60. Uncle8888 just managed to climb about 40% mark of the corporate ladder to reach the level of GCEO. He started at lowest level in his department as technician and then spending his next 10 years with his spare time and money to upgrade his human capital with diploma and degree. Unfortunately; his human capital depreciated from 2004 to 2016. That is life of a corporate warrior!
The original topic for the talk was Maximizing Your CPF OA For Retirement when Uncle8888 was first approached by organizer to join the talk as speaker. Uncle8888 immediately rejected it as he was the wrong person for this topic. How difficult can it be for anyone who has some trulyspare cash on hand to maximise his CPF for retirement? To optimize CPF for retirement through CPFIS is totally different ball game! It is never easy! In Singapore's investment blogopshere with so many investment and personal financial bloggers; how many blog posts have you came across on CPFIS investment stories. Read? One Uncommon Way To Top Up CPF OA Through CPFIS
Maximizing your CPF for retirement is safer, easier and trusted way to do it and big daddy has already learned from their past mistake with Mederka Generation and will not repeat the same mistake to future generations.
Many Pioneer generation didn't have much in their CPF due to the nature of job compensation package during their time. Many in Mederka Generation have lost money in their CPF account during AFC 1998 as the crisis hit them really hard on their face. HDB housing was cheap so more paper money was available for investing but locked in CPF till 55!
Why not hoot them all in the stock market and become rich! It is stupid not to hoot! Right? The Government didn't have wisdom or foresight to protect Mederka generation from losing too much money in their CPF during AFC. After AFC, many had chopped their fingers and never touch the stock market ever again.
Again, the Mederka generation got caught in their HDB asset enhancement dream! Property sure huat! Many have become "asset" rich and cash poor; but only those lucky few will truly become rich cash from SERS; and the rest of them will just receive consolation money from VERS. This is how Mederka generation may pass their life journey from here onward!
Financial independence gives us options to work or not as we don't really have to work for income. How about investing freedom? It gives us option to stay partially invested as we don't really need the dividend income to fully cover our household expenses. LOL!
Besides specific healthcare initiatives, the Prime Minister was also keen to remember another group of Singaporeans who have contributed significantly to nation-building: Those who were born in the 1950s, or the “Merdeka Generation”, of which there are 500,000 today.
Mr Lee recognised that when the Government introduced the Pioneer Generation Package in 2014 for those born in 1940 or earlier, Singaporeans who are a little younger would have just missed out. It did give those who were born between 1950 and 1959 annual Medisave top-ups of S$100 or S$200 but “a Medisave top-up is not quite the same thing as the Pioneer Generation Package”, he added.
As most of those in the Merdeka Generation are in their 60s today, and will have either left the workforce or will soon be retiring, Mr Lee said this group will be looking at their Central Provident Fund (CPF) savings and Medisave accounts and worry about having enough for their medical needs as they age.
“I think we owe something to them,” he said.
As such, he announced the Government will work out a Merdeka Generation Package, which will help this group meet their medical expenses. It will cover similar areas as the Pioneer Generation Package such as outpatient subsidies, Medisave top-ups, MediShield Life premium subsidies and payouts for long-term care.
He added that the Government will set aside a “significant sum” for the package, with more details to be announced next year.
“The benefits will not be as large as for the Pioneer Generation, who had much less advantage in life,” Mr Lee said. “But the Merdeka Generation Package will go some way to relieve their healthcare worries. “And more importantly, it will show our appreciation for the Merdeka Generation and their contributions.”
Read more at https://www.channelnewsasia.com/news/singapore/ndr-2018-ambitious-housing-healthcare-plans-in-the-works-10631432
This senior: You sit here! You senior. (Two seaters in MRT train) When we sat down; he said we are seniors so we sit here and laugh off! Senior: You older than me? How old are you? CW: 62. You? Senior: 69 CW: Wah! You look younger! Senior: I dye my hair. (He showed his teeth). My teeth also fake! Senior: I have to look young as I am still working! The moral of story: Still working. Need to look younger? LOL!
In investing, it may be more important to keep track and measure every transaction we have made in the stock market and be able to understand what is going on than to do a lot of complex analysis. More Investing. Less Analyzing - CW8888
1. When did we buy? 2. When did we sell? 3. Why we make money? 4. Why we lose money: 5. How much did we win? 6. How much did we lose? We may want to try our understanding to the next few transactions and then ask these same set of questions again. How did you actually measure and track your performance to understand?
They truly practice cut losses to stop bleeding more cash! Tough business!!! Any youth thinking of opening F&B business? Left 14 outlets in 8 shopping malls and that is 2 outlets and 1 mall less than he has started on Jan 2017.
From Jan 2002 to 30 Sep 2016 (retirement from full-time job); Uncle8888 has managed to save about 40% of TOTAL earned income (including employee and employer CPF contributions) after tax. 25% in CPF accounts and 15% in cash! That is for family of five as single household income!
This simple formula is C = D + 1. I can. You can! Six digits dividend income? Five digits dividend income? C = D + 1 C= 6 digits + 1 C = 7 Go and accumulate 7 digits capital. Do you know any investment or financial blogger who does C = D - 1?
Appreciate and develop a strong foundation in computational thinking, one of the core competency life skills in the 21st century, through digital animation and 2D game development using a simple-to-use, visual block-based software and unleash your creativity.
• Able to appreciate and understand simple programming.
• Able to program using a drag and drop type of software, Scratch.
• Able to apply good computational practice in creating a program.
• Able to create simple games or applications.
Straight forward without snake oil marketing that you will become financial independence or freedom after training. In fact; investing is skill future training for most of us to be able to generate some, part or full retirement income for life from our investment portfolio based on our account size and risk management.
Look at the first picture closely. LOL! The Little Pigs are excited at the idea of financial independence and each little pig proceeds with its own way to reach FI - high leverage, low leverage and zero leverage. LOL!
LOL! They can teach you how to find 20% compound return stocks. They also practice what they teach into their own investment holding company. Trainer proudly showed her last year 6 digit dividends received as she is also shareholder of the company. But; own-self stock price fell from peak of 1.38 on 31 Dec 15 to 0.14 on 10 Aug 18. This year not sure, trainer still can receive 6 digit dividends?
After a few years practicing your trading and/or investing skills in the stock market and your friendly and thoughtful brokers haven't review your brokerage account size, trading limit, and commissions; you have not generate enough business for your brokers to warrant their attention to up your game plan! When Uncle8888 seriously began to be active in the stock market in Jan 2000 His buy limit was just $20K and T+3. Buy limit $20K. Where got enough? He called his broker to review this buy limit and adjusted to $50K
Soon $50K also not enough. He called his broker to adjust his buy limit. His broker was happy to adjust to $100K and offered him T+5 to help to make him more money and FIRE sooner.
One day; his broker called to tell him this good news after reviewing his account performance and offered to up his game level. Broker has lowered his commission from 0.275% to 0.22% and up buy limit to $200K and then to $300K when $200K limit was hit several times. Buy limit: $300K, T+5, Commission at 0.22% Huat liao! FIRE soon! That was his thinking in 2007 When the Game is over! What left? Read? CDP - No more printed copy. Now it is History!
The moral of the story: Never under-estimate the greed in us when we are winning big and on the way to FIRE faster!
"Even if your borrowings are small and your positions aren't immediately threatened by the plunging market, your mind may well become rattled by scary headlines and breathless commentary. And an unsettled mind will not make good decisions." - Warren Buffet Read? 12 Years of Christmas and Two Lessons in Investing.
CW8888: From his own personal experience in 2008/2009; you don't have to be in high leverage to feel threatened; your immediate fear of near term liquidity needs and unsettled mind will not make good decisions too. BUT, the Truth... Market can turn faster than our self-denial The moment we have accepted the truth and overcome our self-denial. It is often too late. Big negative returns are locked once we have liquidated our investment at market low or near market low In Jan 2009, Uncle8888 finally realised the liquidity for expenses issue and accepted the "truth" that the daily bombardment of Great Depression 2.0 news might be real. What about losing his job? Living expenses. How??? What about his two kids university fund starting from Jul 2009? Taking a gamble??? He bited the bullet and liquidated them at big losses to maintain Liquidity for Expenses and locked in negative returns. Painful lesson learnt when market recovered two months later. Never, never invest money that may be needed in few years even when the Bull Market is running fast! Risk is the permanent loss of capital and not price stock volatility. We really cannot take stock price volatility anymore when we really need the money soon. What Warren Buffet said is so right! What is risk? The conventional definition of risk in finance literature is price volatility. But to super-investor Warren Buffett, risk is the permanent loss of capital.
Planning for another trip to Taiwan 8N9D - Hsinchu, Kenting, Penghu and Taipei in end Aug 18. Another surge back in monthly expenses. Anyway still living below the past 24 months peak MAV. Not too scary yet!
Personally; Uncle8888 thinks that it is uncontrollable greed in us that will surface out one day after we taste the success of free and easy OPM. Why not more and FIRE sooner! Show me someone who claims he or she is not greedy and indiscipline? How about those addicts and scams in anything? How did they got started? Small or big?
We use intensive market data back-testing of strategies or secret method or secret formula to prove or show that it can generate 10 to 15% ROC. This is our secret method or strategies which you cannot learn from any investment book outside. Hmm ... like that arh! You can! I can! LOL! Not using any market data back-testing! Here is all real data set over the last 17 years from Jan 2000 to Aug 2018
Uncle8888's proven secret method or strategies to generate at least 6% CAGR! LOL!
Hmm ... When Uncle8888 generates 10 to 15% CAGR then can charge $5K training course.
Year 1 to 3 (Apr 16 to Mar 19) As of today update, 5 Aug 2018 Tuition fees and all living and studying expenses 1. Three Year Uni course at NUS for son: $30.6K 2. Four Year Uni course at SMU for daughter: $61.4K ( including an Overseas Exchange Programme in Paris) 3. Year 1 to 3 as of 5 Aug 2018
Total cost for three children at 5 Aug 2018 = $141K! That is passive income @ 5% yield of $7K per year.
Many of us may have already learnt and put into practice a few if not all the known psychology of investing biases. How about taking profit is never wrong; but missing those huge capital gains and dividends over the following years? What kind of investing bias is this? Anyone knows?
With 2 cents dividends for H1 2018 declared down from 3 cts in H1 2017; may be one full circle back to 2002 yield cost. Still hope that SCI can successfully IPO its India unit before ending FY 18 and gives out special dividend. Finally; Yield on Three Little Pigs for 2018 are completed.
Last updated : 14 Sep 2019
I am 63 yrs old uncle living in HDB heartland who has achieved financial independence @ 56 and finally retired @ 60 from full-time job as employee on 1 Oct 2016.
Single household income since 1995 with three children.
Currently, two sons and one daughter are working.
I have been doing 20 years of long-term investing and short-term trading in Singapore stock market only since Jan 2000 so I am that so-called Panda or Koala in the investment world.
I am currently executing my Three Taps solution model to maintain sustainable retirement income for life till 2038.
Disclaimer: Stock trading involves significant risks. Create Wealth trader is not a licensed Investment Adviser and will not be responsible for any losses which you incurred. You are advised to always do your own homework before making any trading decision.