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 31 December 2018

2018 Full Year Investment Performance Report

Really poor performance!

Yearly Yield On Own Capital since 2003

Portfolio value trending lower

Portfolio's XIRR over market cycles since inception in Jan 2000

Top Three Winners and Top Three Losers

Read? Multi-baggers (2)

Sustainable retirement income for life after retiring from full-time job as employee on 30 Sep 2016 at 60 yrs old?

It is still in healthy cash flow mode for the past two years from 2017 to 2018. So there is no need to execute Tap 1 (CPF OA) asset down-down strategy to supplement yearly household expenses.

Sunday 30 December 2018

Have We truly Understand How Inflation Affects Us And Our Retirement Planning? (2)

Read? Have We truly Understand How Inflation Affects Us And Our Retirement Planning?

So far based on Uncle8888's past 17 years (2002 to 2018) actual data points; he is not too concerned on inflationary impact on future household expenses as he still has some fat to trim during those difficult years.

He is actually spending 8% below the projected multi-years inflationary rate at 2.5% over 17 years since 2002.

Probably, inflation will impact more on those who are already spending at their lowest possible living costs so there is not much fat to trim during hard times.

How to beat inflation?

Spending a bit more to build up those extra fat during good years. LOL!

Saturday 29 December 2018

Current Net Worth After 39 Years Of Earned Income After Tax As Full-time Employee And 19 Years As Retail Investor

Read? Speaking And Sharing With Track Records!!! (2)

39 years of earned income after tax as full-time employee

1. 1985 to 2016 is actual earned income after tax taken from IRAS Income Tax notice of assessment

2. Aug 1977 to Dec 1984 is estimated earned income after tax by working backward based on 1985 number.

AND Jan 2000 to Dec 2018, 19 years as retail investor across market cycles.

Can we FI, FIRE or FIRe based on our investment gains rather from savings from earned income?

How many investment bloggers manage to do it mainly from investment gains?

Do you happen to know them?

Friday 28 December 2018

Two Years After Retirement From Full-time Job As Employee

Read? One Year After Retirement From Full-time Job As Employee (3)

Wide income gap between a freelance low skill worker and full-time managerial grade job in IT sector.

Wednesday 26 December 2018

You think it is so easy to retire early??? (Refresh)

Read? You think it is so easy to retire early???

If you are NOT currently coasting in your job; you may not be actually ready for FIRE!

Read? HOW TO RETIRE? (2)

Tuesday 25 December 2018


Cash Flow : Rental Income From One Investment Property vs. Dividend Income From Portfolio Of Stock? (Refresh)

Real people. Real ex-colleagues. Real retail investors!

Not views from commercial vested "Gurus"

Read? Cash Flow : Rental Income From One Investment Property vs. Dividend Income From Portfolio Of Stock?

Stocks or properties?

It depends on your flow capacity of ALL your buckets or taps.

Is your rental income one of the few taps or the main tap providing cash flow during retirement?

Like Rolf's ex boss; he has a portfolio of investment properties for rental income. Of course; he can say stocks are waste of time! Who can challenge him?

Major STI Data Points Since 1990

Post Great Christmas Cum New Year Sales coming to STI?

Will STI break that strong uptrend convincing this week to kill that 10 years Bull Run from 2009 to 2018?

For those who believe in market cycles.

Grinch has stolen the Christmas Rally!

Dow dives 600 points to below 22,000, S&P 500 enters bear market - worst Christmas Eve ever

CW8888: Who is the Grinch Stole Christmas? Trump The Grinch?

Trump resumed his attack on the Fed on Monday, tweeting that the central bank is "the only problem" with the U.S. economy.

Treasury Secretary Steven Mnuchin held calls on Sunday with the heads of the six largest U.S. banks in order to reassure nervous investors.

The NYSE closes early on Monday at 1 p.m. ET. The exchange is closed on Tuesday for Christmas day.

U.S. stocks plunged on Monday in their worst day of Christmas Eve trading ever, as the S&P 500 entered a bear market.

The Dow Jones Industrial Average dropped by 653 points Monday in volatile trading, falling below 22,000. The Dow sank more than 2 percent, then recovered nearly all of the day's losses, before again falling more than 2 percent. The S&P 500 fell 2.7 percent, slipping into a bear market as it fell 20.06 percent from recent highs. Wall Street traditionally considers a drop of 20 percent or more from recent highs to be a bear market. The Nasdaq Composite Index slid 2.2 percent.

Markets responded to turmoil in Washington. Multiple reports said President Donald Trump is discussing how to remove Jerome Powell from his position as chairman of the Federal Reserve. That discussion, as well as the recent market volatility, spurred Treasury Secretary Steven Mnuchin to call the leaders of the six largest U.S. banks over the weekend. Additionally, Defense Secretary James 

Mattis announced he would step down at the end of February, saying his views do not align with the president's.

Trump resumed his attack on the Fed on Monday, tweeting that the central bank is "the only problem" with the U.S. economy.

All 11 sectors of the S&P 500 are now negative for December, the fourth quarter and the full year.

Last week the Dow lost 1,655 points, or 6.8 percent. That was the Dow's worst week of trading since October 2008 during the financial crisis. The S&P 500 also lost 7 percent for the week. The Nasdaq Composite is now 22 percent below its record reached in August and is in a bear market.

Saturday 22 December 2018

You Love Your Job But Your Company Doesn't!!! (4)

Read? You Love Your Job But Your Company Doesn't!!! (3)

Another ex-colleague whom he has never met for many years. He was head-hunted to join our competitor. That Time his company loved him so much and so willing to pay to cross over. 18 years later; he became a cost cutting tool to his company.

Two months ago he was retrenched in his early 50 or late 40. He has received 18 months payout i.e. one month for each year of service so he has fully paid 1.5 years for him to find replacement job. Not too bad!

Read? The Myth Of The Bell Curve: Look For The Hyper-Performers

Read? Depreciating human asset

Dow dives 400 points to end its worst week in 10 years

Read? Dow dives 400 points to end its worst week in 10 years

Here's a tally of the carnage:

The Dow lost 6.8 percent and 1,655 points on the week. It was its worst percentage drop since October 2008.

The Nasdaq lost 8.3 percent on the week and is now 22 percent below its record reached in August, a bear market.

The S&P 500 lost 7 percent for the week and is now down 17.8 percent from its record.

The Dow and S&P 500, which are both in corrections, are on track for their worst December performance since the Great Depression in 1931, down more than 12 percent each this month.

Both the Dow and the S&P 500 are now in the red for 2018 by at least 9 percent.

The selling had conviction. More than 12 billion shares changed hands on U.S. exchanges on Friday, the heaviest volume in at least two years. The expiration of options also added to the volume.

Friday 21 December 2018

As Employees We Will Retire One Day. It Is Just How We Retire

1. We choose to retire when we think and feel that we have reached financial independence. 

2. We have reached or above mandatory retirement age but we are unable to extend employment.

3. We are retrenched and finally we give up (retire) after spending a few years still looking for job.

4. We are hard hit by critical illness and we feel we should stop working or retire and NOT spending the remaining of our time on Earth still working for a living or accumulating more wealth.

Uncle8888 heard that his younger ex-colleague has decided to retire early after he was hit by Big C!

Yes. We can love our job; but our body may not love our job! Our body can one day unexpectedly force us to give up that love!

Have you start thinking on retirement and NOT just on financially?

Thursday 20 December 2018

Home Improvement Program

For the past few days; Uncle8888 has been busy!

He hasn't been that busy for a long time!

Wrapping them up to avoid dust!

That was the advice given by HIP's site office - wrap them up if you dislike dust!

Becoming Landlord Or Ikan Bilis Stock Investor??? (2)

Read? Becoming Landlord Or Ikan Bilis Stock Investor???

Same country as Uncle8888's ex FT colleague.

Uncle8888 didn't see this particular restaurant manager for a few weeks and thought that she has resigned.

No! She didn't!

She went back home for a few weeks to buy property at her home town to rent out. 

Worked in Singapore, save enough money to become landlord at home! Financially savvy!

Second case now!

Tuesday 18 December 2018

S&P 500 drops more than 2% to new low for 2018, Dow dives 500 points

Thomas Franck | @tomwfranck
Published 6:06 PM ET Sun, 16 Dec 2018  Updated 33 Mins Ago

Stocks tanked on Monday, pushing the S&P 500 to a new low for the year amid growing concerns that the Federal Reserve's plan to raise interest rates could be too much for the economy and stock market to handle.

The S&P 500 fell as much as 2.5 percent to 2,530.54, surpassing its February intraday low of 2,532.69. The broad market index finished the session down 2 percent at 2,545.94, its lowest close for the year. The Dow Jones Industrial Average lost 507.53 points to close at 23,592.98, bringing its two-day losses to more than 1,000 points. Shares of Amazon and Goldman Sachs led the declines.

The Dow and S&P 500, which are both in corrections, are on track for their worst December performance since the Great Depression in 1931, down more than 7 percent so far for the month. The S&P 500 is now in the red for 2018 by 4 percent.

The tech-heavy Nasdaq Composite dropped 2.2 percent to finish the day at 6,753.73 as Microsoft dropped 2.9 percent. The Russell 2000 — which tracks the performance of smaller companies — entered a bear market, down 20 percent from its 52-week high.

DoubleLine Capital CEO Jeffrey Gundlach said Monday that he "absolutely" believes the S&P 500 will go below the lows that the index hit early in 2018.

"I'm pretty sure this is a bear market," Gundlach told Scott Wapner on CNBC's "Halftime Report. The major averages fell to session lows following his comments.

All 30 stocks in the Dow and all 11 sectors in the S&P 500 posted losses on Monday.

Sunday 16 December 2018

Are You Sure We Can Learn From Warren Buffet On His Investing Strategies And Method???

At the age of 26, Buffett had already accumulated a “retirement fund” of around $174,000 ($1.54 million in 2018 dollars) having been earning and investing money since he was a young lad, particularly during his years working for Ben Graham's hedge fund in NYC. He bought his home in Omaha for $31,000 cash and his living expenses were modest. It was at this point he decided to strike out on his own and launch his investment business.

He did not need to tap into this retirement fund to launch his investment partnerships, viewing that capital as the key enabler of him running his own business. During this period, Mr. Buffett lived off income and gains coming out of this personal investment portfolio, which was no doubt rapidly growing alongside his spectacular partnership returns.

CW8888: Some people are paying thousands of dollar to listen to snake oil king telling them. Warren can. You can!

Read? How Does Warren Buffett Achieve Liquidity Without Selling Berkshire Hathaway Shares?

Saturday 15 December 2018

Save more than 60%. No need to invest??? (4)

Sunday, 1 March 2015

Read? Save more than 60%. No need to invest??? (3)

Uncle8888 met this single ex-colleague who is Minimalist No 1 with his no passport status. With no passport and that will mean he will have no costly overseas vacation expenses. 

He said he will be reaching retirement (at 62) in few year time; but he hopes that he will be able to work longer to accumulate more CPF and cash saving unlike Uncle8888 who has passive income and can retire early. He said he can't!

His retirement assets will be CPF, cash and if necessary rent out spare rooms. Currently; he valued privacy more than more money!

Don't Laugh At Ants When They Looked Far Ahead Of Their Time (2)

Read? Don't Laugh At Ants When They Looked Far Ahead Of Their Time

Crash got sound! - SMOL

Don't ever try it when you don't have means to do it.

Crash got sound can be bloody painful experience. Worth try it out???

As Ant, Uncle8888 has always planned ahead; and cash ready for 2019/2020 so that he doesn't have to bother over how stock market will perform over the next two years.

His financial Dash Board for clear visibility of his net worth, cash flow and respective yield of asset class. If he is not satisfied with status quo; he can then take higher risks for more!

No free lunch! It is all about risks and rewards. 

Pretending To Be Busy Or Keeping To Be Busy???

After two years retiring from full-time job as employee on fixed earned income at the ceiling; what has really changed?

Two years ago; he was a well-fed Bird in a cage (i.e. office cubicle) eating fat worms pretending to be busy while waiting for morning, afternoon tea and lunch breaks to get out of office building.

Nowadays; he is a free roaming Bird catching thin worms keeping to be busy and not bothering whether it is time for tea or lunch breaks. It just goes with his heart, sight and stomach. 

No more pretending to be busy and no free lunch!

Michelin-Starred Chef Opens A Hawker Stall In Toa Payoh Selling $5 Wanton Mee

At $5 it is value for money! Other wanton mee is selling around $3.50 to $4

Freshly roasted Char Siew from oven@ It is unlike other wanton hawker stalls where char siew are roasted many hours before probably in early morning or the previous night.

Freshly roasted so it is still tender!

Expected long waiting time in the queue as some may be ta bao many packets. One way to avoid near lunch hours.

Read? Michelin-Starred Chef Opens A Hawker Stall In Toa Payoh Selling $5 Wanton Mee

Thursday 13 December 2018

Warren Buffet Has Huge War Chest

In investing, you account size really matters - CW8888

When Warren Buffet decided to go into investing with partnership model; he already a millionaire!

What can we learn from Buffet on investing?

Tuesday 11 December 2018

Long Term Investing Over Market Cycles Is Damn Hard!!!

You can see for yourself and then draw your conclusion.

Total losses (realized and unrealized) over past 19 years are bigger than his investing capital since 2000 i.e. there is no capital injection over past 19 years!

This investing capital is the bulk of his saving coming from 22 years of earned income from 1977 to 1999.

Investing is all about Game of capital, winning and losing!

Sunday 9 December 2018

Workfare Transport Concession Card

Read? Workfare Payouts

Auntite8888 after receiving her monthly workfare payout from government; she recently also received her workfare transport concession card which helped her to save 15% or more off her public transport travel expenses. 

This concession card is a good interim card before she reached 60 years old to be eligible for PAssion Silver concession card.

My biggest mistake in not selling - Koon Yew Yin

Any big lesson for ikan bilis retail investors to learn from whale investor like Koon?

Read? The Effect of Market Timing And Time In The Market On Multibagger Stocks

Read? JAKS - My Most Expensive Mistake - Koon Yew Yin

Based on the above, the share price should go above the share placement price of Rm 1.40 when the 1,200 MW power plant is completed in 2020.

CW8888: Leverage is double edged sword. Bo Lampar retail like Uncle8888 won't touch leverage. He is very satisfied with his account size; no need to be biggerLeverage may be seen as Greed in disguise. No?

My wife started to accumulate more shares and we finally bought a total of about 160 million shares with margin financing. We bought too many shares with margin finance. Our average price should be about Rm 1.20 per share.

If you look at the price chart, you can see the price went up to Rm 1.85 in Feb 2018 and when I saw it started to drop, we started selling. I should have sold more to avoid force selling. It was my greed that I did not sell more shares.  

In fact, forced selling was a blessing in disguise for us.

We had to sell to meet margin calls. The more we sold the more the price would drop. Forced selling is a vicious cycle. (CW8888: Ownself kills ownself during forced selling)

We were fortunate introspectively to have sold a huge amount of our holdings at higher prices in comparation with the current price of 50 sen per share. We have completely sold all our holdings.

Based on our average selling price of 80 sen, our average purchase price of Rm 1.20 per share and our total holdings of 160 million shares, we have lost Rm 64 million. Coincidently this is the 64 million $ question many people have asked me.

This is my most expensive lesson in my life.

Read? My biggest mistake in not selling - Koon Yew Yin

As I said before, no share can go up or go down indefinitely for whatever reason. When it is up, you must sell some so that you have money to buy when it is down. My biggest mistake is that I fell in love with my shares so much that I did not sell when they were at their peak.

EGO: Ego is the root of my problem. I am so proud to have found shares that went up a few hundred per cent within a couple of years and if I sold them, I have less shares to boast.

GREED: Another problem I have is greed, which is one of the deadly sins. It can be a virtue or a vice. In the stock market, it encourages investors to work harder to find good stocks to buy and continue to buy but then we forget about selling. That is often one of my biggest mistakes.

From the several articles I have written and published, you would know that I have discovered Latitude, VS, Lii Hen and a few other stocks which have gone up a few hundred per cent in the last couple of years. But my big mistake is that I always find difficulty in selling. I fall in love with my discoveries and I did not sell more when their prices were peaking

Saturday 8 December 2018

What Can Cause Porno Dividend Yield On Investment Cost???

Extraordinary corporation actions such as special dividend or capital reduction.

Are we able to predict, forecast or analyze such extraordinary corporation actions that will happen in the future?


Then what?

It is luck factor!

Some investors have better luck than others!

Then how to be lucky?

Friday 7 December 2018

Turning 55 - and enjoying financial freedom (9)

Read? Turning 55 - and enjoying financial freedom (8)

Read? Unlocking SRS At 62 And Avoiding Being Taxed (2)

This morning, Uncle8888 withdrew $24K CPF OA+SA interests via PayNow and received the money almost immediately.

Sources of Cash In for 2019

SRS + CPF Interests (Tap 1) + 

Cash Dividends and divestment gains (Tap 3) + 

Extra side income (Mini Tap 4) from freelance B.M.W. activity roaming across the island of Singapore.

CPF Interests Withdrawal

1) Deducted interests from SA first i.e. Jan to Nov (11 months) is 1,529.77

2) Remaining balance deducted from OA i.e. $22.470.23

Thursday 6 December 2018

Is Investing About Financial Numbers, Ratios And Back Testing???

If you strongly believe in Method out of 3M's - Method, Mind and Money Management; then in today's advance technology in AI and Robotic investors; you are better able to go with AI and Robotic investors. 

You can't beat AI and Robots in analyzing financial numbers, ratios and back testing. They are emotionless and act purely on numbers!

Go with AI Robotic indexing and free you from analyzing too much!

The Effect of Market Timing And Time In The Market On Multibagger Stocks

Should we be good at market timing or take passive approach for Time in the market?

Practical and reality on the ground and forget about theories, can we really be good at BOTH market timing and time in the market to achieve optimum investment gains over our lifetime as retail investors?

These are what Uncle8888 has been seeing over the past years of holding stocks as Time in the market. He has no heart to kill the Geese who are laying Golden eggs to buy more new hens to get more decent eggs!

Wednesday 5 December 2018

How To Solve Income Inequality In Singapore???

Hmm ...

Each low income household to be given $30K grant by Government to build their investment portfolio.

Government will also set up Inequality Skill Future training courses to be conducted by Singapore's investment Gurus and Master Trainers to train and coach them. 

In 10 years; the income inequality gap in Singapore will be significantly narrow down.

$30K to $500K in 10 years!

Tuesday 4 December 2018

Combination Of Rich And Poor

Cash Rich. Cash Poor

Asset Rich. Asset Poor

Time Rich. Time Poor.

If we retire or FIRE as Cash Rich, Asset Rich, and Time Rich will be the best!

Monday 3 December 2018

When Can I Achieve Financial Independence, F.I.R.E or F.I.R.e???

It will depend on your size of capital injection into your investment portfolio. This is where most investment bloggers in Singapore don't stress it strongly enough!

Not sure. Why?

Read? Swimming, Tennis, and Investing/Trading Training Or Lessons. How do they advertise?

Read? Investing advice for 20 somethings - that's how I have done it too!

Trust but Verify - SMOL

One upon a time, one day Uncle8888 innocently and doubtfully asked this late millionaire "Guru" who has wonderful gave back plan to society to make 10,000 future millionaires through his investment training course at his blog's chatbox one simple Yes or No question. 

Did you become millionaire from your investment gains in the stock market or from your business? If yes, can show an audited statement of your investment gains?

Till his grave; he still haven't answer this simple Yes and No question.

Sunday 2 December 2018

Our Stock Dividends Are Either Panadols Or Eggs

Our stock dividends as Panadols can slowly ease our heartache provided the stocks don't get suspended or delisted!


Our stock dividends as Eggs;  but sometime we may be cornered into this dilemma of making hard decision - should we slaughter these Hens laying Eggs and replace them with new Hens and hopefully the new Eggs are fresher and bigger.

The problem is some retail have mistaken Panadols as Eggs. Alamak!

If we are lucky; we get ....

Walau. Cham liao!

Super lagi tough decision to make. To kill the Goose for meat to buy more Hens?

Too Many "Kind" Investment "GurU" giving back to the Society!!! (Refresh)

Real people. Real Lim kopi!

Friday, 20 July 2012

Read? Too Many "Kind" Investment "GurU" giving back to the Society!!!

Saturday 1 December 2018

How Are You Doing In Your Investment Over The Last 19 Years?

In investment de-compounding journey; once those investment gains had been spent on household living expenses; it will never be lost to Mr Bear! LOL!

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