Median Gross Monthly Income From Work (Including Employer CPF Contributions) of Full-Time Employed Residents In 2018

Read? Gross Monthly Income From Work

2018 Median Gross Monthly Income From Work (Including Employer CPF Contributions) of Full-Time Employed Residents is $4,437


2018 median monthly net take home pay before tax is about $3K to 3.9K depending on age group i.. below 55, above 55 to 60, above 60 to 65 and above 65.

How much is enough from your net worth's cash flow for FIRE, FIRe, semi, quasi or fully retire @ 62 in Singapore?

Assuming residential home has been fully paid.

XIRR/CAGR: Investor's true performance indicator! (7) - Refresh!

Read? XIRR/CAGR: Investor's true performance indicator! (7)

My Three Little Pigs (Good, Bad And Ugly) vs STI ETF

It is about market timing for good, bad and ugly investment performance.

If we managed to buy STI ETF at $1.49 which was lowest in 2009. Good!

SGX

Noun And Adjective As In Investing

adjective

a word naming an attribute of a noun, such as sweet, red, or technical.

noun


a word (other than a pronoun) used to identify any of a class of people, places, or things ( common noun ), or to name a particular one of these ( proper noun ).



Singapore Man of Leisure28 January 2019 at 19:17

temperament,

That's why I don't let myself get caught with "labelling".

Calling oneself a "Christian" - that's a noun.

But to be "Christ-like" in your actions... that's an adjective.


Nouns are easy (anyone and everyone can call themselves whatever they like); adjectives are much harder to live up to :( 



CW8888

Hmm ...

I am multi-bagger stocks investor

I am more than 150% profitable investor.

Adjective investor?

I am long-term investor!

Also adjective???

What Is Your True Holding Power Across Volatile Past And Future Market Cycles???

1) Our money i.e. a bigger war chest


Our holding power in term of money will ease our heartache while receiving doses of Panadols during bad times and smiling during good times and giving us the right to brag during CNY gathering among friends and relatives - "I told you to invest! You no listen"

2) Our yield on investment cost e.g. high single digit or double digits dividend yield on cost

During good times in our FIRE, FIRe or retirement phase; we can't live off those paper gains in our investment portfolio; but during bad times; we will still be receiving dividends but just smaller!


What is our true holding power across volatile market cycles? Money or yield?

Be Your Own Boss Or At Least Achieve Financial Independence ASAP

Read? Top litigator Davinder Singh to leave Drew & Napier and set up own firm

Read?  This Book Rich Dad Poor Dad (2)


Long before FI - Yes Boss!

Near FI  - Try my best Boss!

After FI - Very tough Boss! Need this ... need that ... 


Look around your office for those who are coasting at their jobs.

Either FI or Give up?

Close Encounter Experience: Rich Feet. Poor Feet. Happy Feet

Uncle8888 learnt something this morning! 

So suaku!

You know?

Rich Feet

Poor Feet

Yield of dreams: Investors have "a once in a lifetime opportunity" in blue chips (5)

Read? Yield of dreams: Investors have "a once in a lifetime opportunity" in blue chips (4)


Keppel Corp declared final dividend of 15 cts and taking full year dividend FY 18 to 30 cts i.e 10+5+15 = 30

Since he has first invested in Kep Corp in 18 Sep 2001; every year since 2001 he is happy with the dividend yield or so called "passive" income.

That year in 2001 he has invested is still the lowest dividend yield over the past 17 years of holding this stock! 

17 years is a long time that is long-term investing!

Read? Just a few multi-baggers may be enough for your kid's university fund - Updated

In 2017 H1 ..... he was wondering what would happen in 2017 H2 and 2018?

Stock-Pickers Don’t Know How to Sell

Read? Stock-Pickers Don’t Know How to Sell

Uncle8888's own experience on short-term trading long-term investing is mixed feeling. 

Buy, Hold or Sell?

There is no right Method in the market; but your net profit after spending decades in the stock market must be RIGHT in your bank account!

Theory is just theory. 

So don't crack your head so hard to see which theory is the best. 

Counting your winning $ is real thing and that is the best outcome!


Holding for decades!

Buy and Sell. 

Buying back is also bloody hard!

Read? Kep Corp Round 95

Read? Sembcorp Ind Round 54

Read? DBS Round 19

My CPF OA Is The Real And True Wealth Compounding Machine

Read? Compound Interest is not the same as Compound Returns (4)


This one is the real and true wealth compounding machine!

Look left, look middle, look right, look high and look low.  

Does this look like real and true wealth compounding machine?

Compound Interest is not the same as Compound Returns (4)

Read? Compound Interest is not the same as Compound Returns (3)


Every time when Uncle8888 read something similar like this in the cyber world .. he smiles!

"However, many forget the power of compounding when it comes to investing, helping you achieve financial freedom at an earlier age. Enjoy your retirement, start investing today!"

Some folks need to learn from Crash Got Sound that compounding investment return is NEVER the same as compounding interest as savers!

Albert Einstein reportedly said it. “Compound interest is the eighth wonder of the world. He who understands it, earns it. He who doesn’t, pays it.”

My Three Fears In Investing Over The Last 19 Years of Market Cycles

1. FOMO - Fear Of Missing Out (2000 to 2007)

2. Fear Of Losing MORE (2008 to 2009)

3. Fear Of Losing BACK (2010 to 2018)


Which fear to suppress going forward and which fear to overcome next?

I am on Retirement Sum Scheme (RSS)

Uncle8888 will be receiving $1,170 per month from 65 to 88 yrs old.

Freegan Or Freelance For Daily Meals???

Uncle8888 has small chats with more than dozen of senior uncles and aunties in their late 60s and early 70s working freelance about 2 to 3 hrs per work day and 2 to 4 work days per week for their daily meals and some pocket money. 

Their freelance jobs are not back breaking tasks so it is not an issue for seniors.

How much food can we eat?

Skin In The Game (2)

Read? Skin In The Game


On Thursday, David Gerald, who heads the Securities Investors Association (Singapore) or Sias, urged Hyflux chairman and chief executive Olivia Lum to put more skin in the game.

Read? Sias chief calls for answers as Hyflux debt revamp


LOL!

Next time, you hear any "Gurus" boasting to you about their Method and Return!

So huat arh! 

Put more skin in the Game. 

Show us how much skin in the Game. 

More than 50% of your net worth in the Game?

Do You Know Any Mederka Generation Relatives Who Don't Talk About Market Any More???

You won't know this through investment forums and FB investing groups e.g. BIGS World 

Those big losers won't go to such forums or FB investing to share their huge losses and lost so much until they have chopped fingers. After that they become faithfully savers. Losing to future years of inflation is far less painful! 

Read? Chop fingers

Talk to your mederka relatives this CNY and find out more and share!

Warren Buffet Was In The Earn More Camp

Read? How Rich Was Warren Buffett at Your Age?

Read? Warren Buffet Has Huge War Chest


CW8888: Warren Buffet was in the Earn More camp! What did you really learn from Warren Buffet?

Next time; any "Gurus" who are smoking you on Warren Buffet's investing techniques. Show them this blog post. LOL!

Even in our local investment blogopshere; those bloggers who showed you big fat dividends are or were from earn more camp. 



After graduating college, Buffett tried repeatedly to land a job with mentor Benjamin Graham — even offering to work for free — but had to return to Omaha to work for his father as a stock broker after Graham’s repeated rejections. At age 21, his net worth was just $20,000.

However, after he kept sending investment ideas to Graham, the legendary investor relented and hired Buffett a couple of years later for an annual salary of $12,000 — almost three times the annual median income for the average family in 1954.

When Graham retired just two years later, Buffett took what he had learned and started applying it to an investment partnership he formed with friends and relatives. By the time Buffett reached 26, his net worth was between $140,000 and $174,000.

Two Bank Accounts? No, You may need Four! - (6)

Read? Two Bank Accounts? No, You may need Four! - (5)

Talking about mental accounting on personal finance and budgeting?

Uncle8888 is big on mental accounting to avoid sequence-of-returns risk for the next two years.


The big idea here is to spend what has been "earned" and not to spend future money that is not "earned"!


Cash in this bank account has been "earned" and will be rotting to fund household expenses for 2019/2020


With one dedicated bank account for household expenses; whenever he looked at the account balance; he won't feel rich enough to overspend or feel that poor to under spend. 

He will naturally adjust and adapt to the remaining account balance to ensure that he doesn't spend until the account drop below the minimum sum and get charged by the bank. So far; it works naturally well for him for decades!

It Is More Than Just Luck Factor In The Stock Market

Read? How To Make Long Term Investing Works For You???


Fear of losing back REAL money on the table has far exceeded the slow yearly yield. We want fast money and not slow one.

How often we have this struggle inside us and how to over ride this fear?

Building Resilient Net Worth Or Resilient Investment Portfolio

As wealth builder preparing for FI, FIRE, FIRe or full retirement; do you prefer to build up your wealth based on :

( 1) resilient net worth providing cash flow over future market and economic cycles 

or 

(2) large resilient investment portfolio providing dividend income over future market and economic cycles. 

Both methods should also aim to avoid sequence-of-returns risk to build sustainable retirement income for life!

Uncle8888 observes that most investment bloggers are on method (2) camp. Right?

Which method has better chance to avoid sequence-of-returns risk?

(1) or (2)

Uncle8888 is on (1) 

:-)

Are You So Steady Pom Pi Pi When Market And Economy Are Crashing???

Only during crisis; we MAY realize our own mind is made up of what type of material. :-)


Read? Mind Flip

Skin In The Game???

To have "skin in the game" is to have incurred risk (monetary or otherwise) by being involved in achieving a goal. In the phrase, "skin" is a synecdoche for the person involved, and "game" is the metaphor for actions on the field of play under discussion.


How much skin you have in the Game?

When you failed; what is the degree of  skin burn you will suffer?

It is 3rd degree or more skin burn when you failed that is skin in the Game!

Sometime Uncle8888 will ask questions and the replies from some investment bloggers or retail investors: " I am lazy .. blah blah"

Of course; they can afford to be lazy depending how much skin in the Game. 

When you know that you are going to suffer 3rd degree skin burn or more; you can still afford to be lazy? LOL!

CPF RA Growth Is Faster

Since the creation of CPF RA with FRS of $131K upon reaching 55 on Sep 2011; Uncle8888 has received total of $51K of interests in his CPF RA over past 7 yrs.

CPF RA Interest Growth Rate

1. $30K @ 6%

2. Next $30K @ 5%

3. Balance of RA @ 4%

Book : The Art of Execution (Refresh)

Tuesday, 14 June 2016

Read? Book : The Art of Execution

How good are you at investing?

What a losing investment approach looks like?
  
See carefully!

Do you get it?

#3 – It is easier to succeed as an investor than a trader

Read? 7 Money Secrets from ex-editor of The Business Times, Mano Sabnani


It is possible to succeed as an investor or trader, but I believe it is much better to be an investor.

This has always been a contentious point – investing vs trading. Investing is usually defined as having a long-term horizon while using fundamental analysis as a core investing approach. Trading on the other hand often refers to short-term, higher frequency of entries and exits from the markets.

Traders rely mainly on technical analysis or chart reading to make their decisions.

Having been on both sides of the spectrum, I can tell you that my experience and results showed that it is easier to be an investor than a trader. I have achieved far better results as an investor. 

I have also observed more successful investors than traders in my past decade of interaction with market participants. Successful investors probably outnumbered the successful traders 5:1. Maybe I have a biased sample but it doesn’t stop you from observing your circle and verifying if this is accurate.


CW8888:

Uncle8888's experience in short-term trading and long-term investing since Jan 2000 i.e. over 19 years is ...

As long-term retail investors; we just need to be lucky and be right at right time with the right position to enjoy long term success with yearly harvest for next decades!

Uncle8888 has taken back 100% of his own capital out of the stock market to protect himself from drastic drawdown in the next Bear and he still have yearly cash flow from the stock market without having to do anything more to receive it. 

He is expecting to receive about 7.5% yield on own capital in 2019. 

Relax and still have money coming in

How to be lucky?

Three Different Kind Of Interactions With One Low Income Elderly

There are more than 14 restaurant outlet managers and basically Uncle8888 encountered three different kind of interactive response from these managers:


1. Engage in small talk and address him as Uncle. 

2. Engage in small talk and address him as Brother. 

3. Silence is Golden. 

Workfare Payouts (2)

Read? Workfare Payouts


After clarifying with WIS back-end staff' on his eligibility for 2018 WIS;  CPF counter staff finally accepted Uncle8888's appeal for 2018 WIS as self-employed low income worker.

WIS payout as follows:

$200 per month kopi money in 2018!

So Uncle8888 officially contributed +1 to that number of low income workers in Singapore.

Still Making Good Gross Profits Even For Buying Resale 4 Rm HDB Flat More Than 15 years Ago.

During HIP; Uncle8888 has to hang around and sometime sitting at downstairs bench and chatting with his neighbors whose units also undergoing HIP.

One neighbor said Uncle8888 is lucky to make lots money if he sells his 4 rm HDB flat as he bought it cheaply at $55K. This neighbour bought it at resale price at $365K more than 15 years.

A search at PropertyGuru showed up one completed similar 4 rm HDB flat at $428K in the same location.

Hmm .. this neighbour still make gross profit of 17% over cost and enjoying free rental for more than 15 years.

BTW, this neighbour and Uncle8888 won't be selling and likely to leave it as inheritance! :-)

Your CPF is like a Schizophrenic Prostitute. Do You Know How To Have Great Sex With This Schizophrenic Prostitute ???

Read? Your CPF is like a Schizophrenic Prostitute.

c) To resolve this prostitute's schizophrenia, transfer CPF-OA to CPF-SA instead.

A quick way of resolving this schizophrenia is to transfer your CPF-OA to your CPF-SA. This is telling the prostitute that she is not expecting to do any housework so long as she services you well. In return, you end up with the best possible risk-less service possible in the Singapore economy at 4%.

The best time to perform the transfer is when you are young. You have more years to enjoy the 4% compounding. After all, the best times of life to get any serious bonking done is when you are much younger.

I maxed out my CPF-SA in my twenties. From the day I reached minimum sum, subsequent increases in the minimum sum has always been adequately met with the 4% returns. Even now, as my CPF-OA is almost totally exhausted maying off my home mortgage, I received over $10,000 in 2018 from interest alone. At my current age of 44, it does not take very long before I can reap the rewards of moving my CPF-OA to CPF-SA when I was in my 20s.


Read? Top Up CPF SA From CPF OA? Depending On Who You Ask! (10)


How to resolve this prostitute's schizophrenia?

By F ...ing this Schizophrenic Prostitute for great sex?


From experience, Uncle8888 has great sex with this Schizophrenic Prostitute and now sharing the secret.

When to F ... this Schizophrenic Prostitute?

You will need to F... her at the right positions to have great sex to produce sexy oomphs!

When???

After great sex and then do sexy refund back to CPF OA ....

Read? Me Too. CPF Moment Jan 2019 In Singapore Investment Blogosphere

Something Behind Our Luck Factor And Chance In Randomness Environment Where We Have No Control

Uncle8888 may have learnt something over the past two years roaming across the island of Singapore. 

What is that something behind our luck factor and chance in the world of randomness where we have no control over the events happening?

This may be also true in long-term investing where we have no control and cannot foresee the FUTURE decades ahead of us!


Uncle8888 bothers to pick up coin even it is 5 cents. That is 5% yield on $1 investment capital and FOC! Hmm .. okay. Just stop, blend down and pick up.


In 2019

When Uncle8888 has realized the frequency of picking up coins and started taking photo to keep track of the number. It is nature of Ant who counts up to two decimal points to be accurate on data points.


From June to Dec 2018

We often hear and say it ourselves. 

Oh you are lucky!

Yeah I am lucky!

So what is behind this Luck factor?

Hmm ... after last two years of roaming across the island of Singapore and becoming top public transport user identified by LTA. He now thinks that is the Law of Large Number behind our luck factor!

This may be applicable to long-term investing too.