As from April 2013 my Journey in Investing is to create Retirement Income for Life till 80 years old for two over market cycles of Bull and Bear.

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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

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?




4 comments:

  1. And how much about 1987/88 $180,000.00 worth in today dollars?

    ReplyDelete
    Replies
    1. Hi Temperament,

      Short answer is $305,400/-

      Long answer:
      From Singstat, 1987 CPI is 58.69 while 2017 CPI is 99.5, giving an inflation CAGR of 1.72% per annum over 31 years. (Must be the cheap stuff from China & globalization)

      2018 full CPI not known yet, but from the figures as of Oct 2018, so far is much lower than the average. CPI went from 99.5 to 99.9 ..... 0.4% increase.

      S'pore CPI 1987-2017

      Notice the steep rise from 2008-2013 ... people were not happy with govt then! :)

      If you can super-impose the median wage increase onto the CPI graph, you can easily predict the incumbent's performance during elections Hohoho!

      Delete

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