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 December 2019

Dec 2019 Investing Performance Report : 20 Years in local SGX stock market only (6)

Read? Dec 2019 Investing Performance Report : 20 Years in local SGX stock market only (5)

Many investment Trainers like to use back-testing data points to convince people that their specially developed methodology will work in the future.

Like that ah!

20 years of data points and back-testing

Read? Peter Lynch on His Secret to Superior Returns

Uncle8888's 20 years of data points by back-testing; it also provided the evidence that it is worth the time, effort, patience, and discipline to build larger war chest and systematically deploys this war chest with right position sizing over a bigger number of stocks particularly fallen blue chips during market crash.

Position sizing for each counter has to be right; and the number of different counters to diversify across the market crash will depend on fire power of our war chest. 

Simpler to execute???

Have You Took The National Steps Challenge Season 5? (2)

Read? Have You Took The National Steps Challenge Season 5?

Completed 4,367 Km of walking steps in 2019 and collected another $20 NTUC vouchers. Total collected = $40

Monday 30 December 2019

How Soon Should You Start Investing Your CPFIS And SRS? (2) - Refresh

Tomorrow 31 Dec 2019. Quickly top up your SRS for 2019 tax relief!

In CW8888 blog; you get to read sharing on real person, real story on investing!

Read? How Soon Should You Start Investing Your CPFIS And SRS? (2)

Sunday 29 December 2019

Dec 2019 Investing Performance Report : 20 Years in local SGX stock market only (5)

Read? Dec 2019 Investing Performance Report : 20 Years in local SGX stock market only (4)

We live, earn, spend, save and invest!

20 years worth of statistics for one data point in Singapore.

(1) Earned income after tax

(2) Earned income after tax and excluding CPF i.e. cash available for spending

(3) Household expenses for family of five; and supporting three children up to completion of their local university study

(4) Net investment gains from investing stocks in SGX 

(5) CPF mandatory contributions

Hmm ... the financial capability to inject regular investing capital into his investment portfolio is his weakness in this 20 years of investing journey. :-( 

Saturday 28 December 2019

Don't Predict The Market But Stay Focused On Long-term Returns???

20 years across market cycles of Bulls and Bears; Uncle8888 is finding harder and harder to understand these common investing lessons/wisdom prescribed by many investment writers!

1. It’s impossible to predict the market
2. Stay focused on long-term returns

It may be true for someone who has accumulated some investing capital from their savings and just begins to invest for the first time.

Don't try to predict the market and start investing!

But; for veteran retail investors who have been through one or more market cycles themselves may know that that these two lessons may not be really wise!

1. It’s impossible to predict the market

2. Stay focused on long-term returns

Yes. It is impossible to predict the market; but the next market crash will certainly and definitely happen!

Unless some Gurus can come out with a solid model to construct a defensive investment portfolio that will NOT plunge 30% to 50% from the last peak value of our investment portfolio during market crashes; then (1) and (2) are worth believing!

Hmm ... nowadays; no Gurus are conducting courses on Permanent Portfolio. How come?

After embarrassing investing method, strategies, and money management from 2006 to 2007; Uncle8888's understanding on (1) and (2) has changed.

(1) It is impossible to predict the market; but we can still choose to earn very low return and preparing large fire power to achieve Barbell return at the next market cycle!

(2) Focus on long-term returns over market cycles is NOT about taking those plunges during market crashes and then recovering back to the previous peak value of investment portfolio or higher during the next Bulls with positive returns over long-term.

We may take years to accumulate those paper gains but losing them in just one to two years; and then will take another more years just to recover back these paper losses. 

Those financially stronger retail investors may recover differently and faster from these paper losses by injecting more and more capital into their investment portfolio.

Stay focus on long-term returns???

By looking at the charts, the long-term returns over market cycles obviously looked okay on surface; but it is NOT! 

By taking the plunge and then recovering back to the previous peak or higher and long-term returns remaining positive is okay ah?

Winning by NOT losing is NOT viable investing strategy???

Friday 27 December 2019

One Uncommon Act Of Kindness! (7)

Read? One Uncommon Act Of Kindness! (6)

This should be a rare incident happening at LRT station!

How to release someone trapped in LRT station???

Punggol Nibong LRT station which doesn't have a control room.

When Uncle8888 tapped out his card to exit LRT gantry gate; he did notice the man at the adjacent gantry gate encountered error when he tapped his wallet. This is common sight happening at any MRT/LRT gantry gate. Nothing unusual about it!

Uncle8888 went to location map board to locate the right staircase Exit leading to the HDB block that he was going to.  

But when he passed by the gantry gates again; he saw that same man who was looking stunned as he was trapped inside LRT and probably thinking how to exit since he couldn't tap out due to card error.

Uncle8888 approached him and thinking how to help him. There is no control room to reset card! How?

Hmm .. then Uncle8888 asked the man to come to the Entry gate and he tapped his card to open the gate and the man quickly walked out!

Uncle8888 is on monthly pass so no issue of fare reduction. Okay lah! LOL!

But, now Uncle8888 knew that his card would have issue to enter as the card was not tapped out.

Hmm .. need to tap out! 

So Uncle8888 from outside and stretched forward to tap his card on the Exit. Done!

All these actions certainly were captured on LRT station CCTV.  

Hopefully; he doesn't get called by Police for investigation! :-(

Good deed ended up with troublesome!

Thursday 26 December 2019

I am on Retirement Sum Scheme (RSS) (4)

Read? I am on Retirement Sum Scheme (RSS) (3)

So based from CPF official reply ...

We refer to your enquiry of 20 December 2019.

We'd like to clarify that your payout will be calculated based on your current Retirement Account savings, to last you up to 20 years from your payout eligibility age (i.e. 65), with a base interest of 4% a year.

The extra interest paid by the Government (up to 2% per year) on your Retirement Account savings will be used to extend your payouts beyond 20 years, capped at your age of 90.

Members who are concerned about the risk of outliving their savings can consider joining CPF LIFE before age 80. This will eliminate longevity risk as they will receive CPF LIFE payouts for as long as they live.

(1) your payout will be calculated based on your current Retirement Account savings, to last you up to 20 years from your payout eligibility age (i.e. 65), with a base interest of 4% a year.

Uncle8888's monthly payout from 65 to 85 is estimated to be $1,180 

The extended monthly payout from 86 to 90 is calculated based on 

the extra interest paid by the Government (up to 2% per year) on your Retirement Account savings will be used to extend your payouts beyond 20 years, capped at your age of 90.

will be $644 i.e. drop of 45%!!! LOL!

Wednesday 25 December 2019

Tuesday 24 December 2019

Dec 2019 Investing Performance Report : 20 Years in local SGX stock market only (3)

Read? Dec 2019 Investing Performance Report : 20 Years in local SGX stock market only (2)

After 20 years in the stock market; his own data points show clearly on the debate on Market Timer for capital gains vs Buy and Hold for dividends; who will win bigger in the Game?

Market Timer will require great craftsmanship to win big; while the Time in the Market will need mental strength to stay stronger to receive stream of Panadaols to ease heartache over volatility.

Saturday 21 December 2019

Peter Lynch Draws on 50 Years of Stock-Picking to Find Growth Opportunities in Today’s Market

Read? Peter Lynch Draws on 50 Years of Stock-Picking to Find Growth Opportunities in Today’s Market

How would you update your advice today?

If you cannot find growth companies in innings three through five of the ballgame, look at turnarounds, special situations, back at the cyclicals. There’s a real shortage now of growth companies. That is a red flag, because all the money is flowing into [a few companies]. There’s an end to that game. It will scare me if this trend continues for a couple more years.

What’s your view of unicorns?

That’s a big difference today—companies stay private a lot longer. The next Google might stay private for an extra 10 years. That makes it more difficult [for individual investors]. The day they come public, a thousand organizations have looked at it, and they’re probably pretty fairly priced. Fidelity can put 5% of funds into these things. The public can’t do that. I’d rather look at something that’s been around for a long time.

Where are the opportunities now?

I’m looking at industries that are doing badly; that for some reason will get better. Shipping. If you want to buy a ship, it’s a two- or three-year wait. People haven’t ordered ships for a long time, because by the time one comes in, prices may be down again.

Energy services is awful; that could have a major turn in the next year or two. Oil is interesting. Look, longer term, solar, windmills really work. But you need natural gas and oil to bridge to this. 

Everybody’s assuming the world’s going to not use oil for the next 20 years, or next year. China might sell five million electric vehicles next year, but they might also sell 17 million internal combustion engines. They don’t have old cars to retire. There are no electric airplanes. Near term, liquid natural gas and liquid petroleum gas might replace diesel fuel for trucks. I’m buying companies that I don’t think will go bankrupt. They’ve got to be around the next 18 to 24 months, or I have no interest.

Anything else do you want investors to know?

If you’re going to invest, you have to follow certain rules. If you want to ski, you ought to go to the bunny hill and learn how to stop. It doesn’t make you an Olympic skier, but then in certain cases, you have an edge on the Fidelitys of the world. You might be in the cement industry, and suddenly orders pick up. You can see things better. The one thing I want everybody who is buying individual stocks to get is that they have to understand the story, the five reasons something is going to go right for the company. If you can’t convince an 8-year-old why you own this thing, you probably shouldn’t own it. Don’t invest in a company before you look at the financials. If you made it through fifth grade, you can handle the math.

Dec 2019 Investing Performance Report : 20 Years in local SGX stock market only (2)

Read? Dec 2019 Investing Performance Report : 20 Years in local SGX stock market only

The moral story of Grasshopper and Ant in the stock market

From 2000 to 2007; Uncle8888 was the Grasshopper in the stock market and especially from 2006 to 2007 singing loudly and cheeerfully in the Summer Bull. Bom pi pi! Setting new record high one after another without injecting a single cent as capital into his investment portfolio.

In the Summer; why Grasshopper wants to worry about Winter like Ant. Waste time and waste opportunity to enjoy the Boom!

Then what happened after next?

8 years of slow climb to the Peak in the Summer 2007 and just one year to rapid fall to the Low in the Winter 2009!

Then it took another 9 long years just to recover from the last Winter and set a new record high in Jan 2018!

10 long years of Summer!

Ant has accumulated so much food to survive the Winter and the food is rotting in the Freezer!

A long, long boring Summer for the Ant!

What next for the Ant?

Read? My Own Psychology Of Losses: Losing Money And Deploying Cash Is Not The Same!

Tuesday 17 December 2019

I am on Retirement Sum Scheme (RSS) (3)

Read? I am on Retirement Sum Scheme (RSS) (2)


What CPF hasn't clearly stated the monthly payout from 85 to 90 and assuming starting payout at 65.

Based on Uncle8888 DIY calculator on his computed RA balance at 65. The CPF estimated monthly payout of $1,180 for 23 years estimated duration is close to his own calculation based on 4% CPF RA compound interest.

However; what is the monthly payout after 23 years from those accumulated extra interests compounded over 35 years is NOT known? 

CPF calculator stopped functioning!!! Spoil liao!!! LOL!

Retirement Sum Scheme

Q Why is extra interest used to extend payout duration by up to 5 years after age 85 and not use extra interest to increase payout amount?


Using extra interest to extend payout duration ensures that more members are protected against the risk of outliving their payouts. In 2018, more than half of residents aged 65 were expected to live beyond age 85. This would mean that the majority of members on Retirement Sum Scheme (RSS) would outlive their payouts if the extra interest is not used to extend payouts for up to five years.

With the extension of RSS payouts up to age 90, up to two in three members will have protection against the risk of outlving their payouts.     

Dec 2019 Investing Performance Report : 20 Years in local SGX stock market only

Yearly cash flow from investment portfolio i.e. divestment P/L, dividends, and interests from war chest.

From 2003 to 2019

Current portfolio management and allocation (Dec 2019)

Investing Performance across market cycles of Bulls and Bears over 20 years from 2000 to 2019

How much of net worth's wealth is built from investing activities?

Monday 16 December 2019

My Replacement Income And Household Expenses Three Years After Retirement From Full-time Job

Three years have passed ...

Replacement income for the last three years since 2017

Monthly and annual household expenses

Projected impact of year-on-year inflation on household expenses didn't seen to happen. Somehow we will react to some price increase and make adjustment for alternatives.

Yearly Cash-In and Cash-Out

Spending below replacement income and manage to have some small savings over the last three years.

Sunday 15 December 2019

My Missing Multi-baggers

Sold them way too early!

Saturday 14 December 2019

How Relevant Is Our Advice To Someone Whom We Don't Know Them Well Enough?

So far, Uncle8888 has received five good/kind intention of advice/suggestions to get a proper job with CPF and medical benefits. 

Two out of the five advice/suggestions is to go for fully subsidized course to get certification since Uncle8888 is still eligible for these subsidies.

As response to their advice/suggestion Uncle8888 showed them ..

The moral of story ...

Don't anyhow suggest/give advice without knowing someone more in depth; and especially true for investment blogger like Uncle8888!

Tuesday 10 December 2019

Next Trip 8 Nights In Jeju In Mar 2020

Read? 5 Nights Busan and 1 Night Seoul (6)

If you're looking for an eco-friendly vacation spot where you can enjoy the beautiful scenery while walking on a well-maintained trail to stay fit, there's no better place to go than Jeju Island. In the local dialect, "olle" originally referred to the narrow path between the street and one's doorstep. Jeju Olle-gil, a series of walking trails that stretchs around the entire coast of the island, is one of the many attractions and activities that Jeju has to offer. The trails pass through various landscapes along the way, including small villages, beaches, farms and forests. Each route offers a unique opportunity to soak in the beauty of Jeju and the island's culture.

There is currently a total of 26 routes, consisting of 21 main routes and five sub-routes. Each course differs in length and difficulty, allowing visitors to choose the appropriate course that meets each individual’s level. The shortest route takes approximately one hour and the longest up to eight hours to complete. As each course is equipped with directions and guiding posts along the way, even first-time visitors will be able follow the trail conveniently. Visitors can get more information about Jeju Olle-gil Trail by visiting the official website.

Read? Jeju Trekking & Hiking

Jeju is 2.6 times of Singapore

Uncle8888 plans to walk Route 1, 6, 7 and 18; and if still have time will do Route 10 too. 

4 Hallasan Trails – Which one is best and how to get there?

There are four Hallasan trails on and around the mountain, but only two of these trails will take you all the way up to the volcano’s crater lip – the Gwaneumsa trail, and the Seongpanak trail:

Gwaneumsa Trail – 8.7km (one-way) and 8-10 hours return hike <– the BEST views!

Seongpanak Trail – 9.6km (one-way) and 7-9 hours return hike <– the EASIEST hike!

Eorimok Trail – 4.7km (one-way) and 2.5 hours return hike

Yeongsil Trail – 3.7km (one-way) and 2 hours return

After the last trip of steep walking up to  Aowanda (奧萬大) suspension bridge; Auntie8888 is quite weary of another steep walking up mountain hike. LOL!

So forget about best view!

How Did I Achieve My Target (i.e. Sustainable Retirement Income For Life)?

Hi Uncle jacob

I read on your financial freedom

May i enquire how did you manage to 

Achieve your target.


Uncle8888's answer is ....

Read? It Is NOT SEXY To Talk About Saving And Earned Income As Investment Bloggers (2)

Two charts will show the true story!

Look closely!

No early retirement through investing path!

Many may like to think that CPF OA 2.5% compound interests is under-performing!

It is NOT until you see it in the pie chart!

What did you see?

CPFIS net refund means ...

Sunday 8 December 2019

Saving, Lending and Investing (7)

Read? Saving, Lending and Investing (6)

Someone responded to Uncle8888

Name me an investment that has no risk or higher risk than that of the CPF 

Hmm ...

Your money in your CPF accounts is never an investment! Wrong?

Friday 6 December 2019

Return My CPF. PayNow!!!

Read? Turning 55 - and enjoying financial freedom (9)

No need for Opposition party to form the next Govt to return my CPF.

Just a few clicks on 'my cpf Online Services' and demand PayNow!

Few seconds later, Uncle8888 received his CPF payment!

Thank you for using 'my cpf Online Services'. 

We refer to your withdrawal application for members age 55 and above - Payment via PayNow (Transaction Number) submitted on 05 Dec 2019. 

Your application has been successfully processed. The payment has been credited to your bank account linked to your Singapore NRIC under PayNow.

$24K CPF Interests Withdrawal

1) Deducted interests from SA first i.e. Jan to Nov (11 months) is $1,534.94

2) Remaining balance deducted from OA i.e. $22,465.06

Thursday 5 December 2019

The Trainer's/Blogger's/ETC's Performance is not Your Performance

Read something interesting : The Fund’s Performance is not Your Performance

Hmm ... then similarly it is also true for ..

The Trainer's/Blogger's/ETC's Performance is not Your Performance. Tio bo?

Why You Not Rich? I Rich!

Wednesday 4 December 2019

"Free" Dental Consultation

Uncle8888 was surprised when the dental counter staff said no payment is required.


Arh! Hmm!

When he looked at the bill ... OIC!

Lucky Merdeka generation after Pioneer generation who has better subsidies from Big Daddy!

Tuesday 3 December 2019

Merdeka Generation Benefit #3 Outpatient Care Subsidies

Uncle8888 enjoyed his first Merdeka Generation Benefit #3 Outpatient Care Subsidies - Additional 25% off remaining bill for subsidised services and medications.

Real Life Example Of The Pareto Principle In Investing

Read? More on Pareto blog posts

The secret to winning in the Pareto principle in investing is .... position sizing and size of war chest during market crashes!

Updated on 2 Dec 2019

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