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

Thursday 30 January 2020

Who Are Those Sharing Their Secret Sauce For A Fee???

Read? Why Young Hawkers Charge More But Earn Less, According To Ah Tan Wings Founder Wee Yang

On his days off, the young hawker makes the marinade and chilli sauce for his har cheong gai. It’s a closely-kept secret that even the Heads of Kitchen at Ah Tan Wings don’t get privy to.

Where can we buy their secret sauce for a fee?

Trading and investment training industry lor!

They can even hand-holding and mentoring you on their secret sauce so that you can compete with them and your course mates and ALL also can become rich like them. 

In the stock market; there is NO competition in Buy and Sell queue so can share secret sauce! No problem!

Too difficult to make your own sauce???

So buy famous, ready-made and easy to cook sauce! Huat liao!


Monday 27 January 2020

Historical Lowest Annual Household Expenses Was Bad For Health Or Life Threatening Environment!!!

The historical lowest annual household expenses was in year 2003 and that was SARS period.

That year was bad for health or life threatening. Hope that it won't happen again in Singapore for Wuhan virus!

STI Major Points since 1990

Saturday 25 January 2020

How To Become CPF Millionaire? Two Approaches Path A or B?

Somehow we seldom hear Singapore investment bloggers and investment writers talking or writing on Path B approach to become CPF Millionaire. 

Hmm ..  may be it is true that long-term investing sounds simple on theory; but NEVER EASY to execute as it will require all our 3M to be strongly aligned!

3M in investing : Method, Mind, and Money Management

Read? Investing Made Simple by Uncle8888 (17)

SINGAPORE: Workers in Singapore received a bump of 2.2 per cent in their income in 2019, according to the Labour Force in Singapore Advance Release report released on Thursday (Nov 28).

The nominal median income of Singapore residents on full-time employment increased this year to S$4,563 from the S$4,437 recorded in 2018, the Ministry of Manpower (MOM) report said.

From above median income number; it looks like many Singapore residents on full-time employment may not have large CPFIS as war chest.

Monthly CPF OA contribution @ median income of S$4,563 * 23% = $1,049

Monthly CPFIS growth @ 35% of CPF OA =  $367

Annual CPFIS growth and assuming 2 months of bonus = $5,142

How to become CPF millionaire through Path B?

Any secrets?

Friday 24 January 2020

Buying Stocks During A Financial Crisis Is A Bad Idea??? (2)

Read? Buying Stocks During A Financial Crisis Is A Bad Idea???

Long or wrong term investing; it is all about market timing and time in the market across market cycle.

Buy and hold or Wrong and hold.

Consuming eggs or taking panadols.

Hmm .... Bad Kep Corp positions still managed to keep up with multi-years inflation with wrong and hold and taking Panadols strategy. Time can heal???

The Good, The Bad and The Ugly. I have them all!

Yield of dreams: Investors have "a once in a lifetime opportunity" in blue chips (9)

Read? Yield of dreams: Investors have "a once in a lifetime opportunity" in blue chips (8)

Still no nightmare from Kep Corp to wake up from yield of dreams!

Final dividend of 12 cents declared in FY 19 full year result translating to 9.1% yield on cost.

Investing is really personal to the holder!

It can't be "I can. You can!" type of of cheer-leading.

Thursday 23 January 2020

How I Accumulate $1M In CPF OA! (Update)

Read? How I Accumulate $1M In CPF OA!

Year on year voluntary top up to CPF Accounts?  Not a single cent of voluntary top up to his CPF!

1. Mandatory CPF contributions as full-time employee

2. Becoming one patient and discipline CPFIS investor who is only active during STI bear markets. 

3. Compounding interests at CPF OA  2.5% rate.

From 2017 onwards; Uncle8888 is living off his yearly interests withdrawal from CPF SA and OA. This is how he took out his dividends coming through CPFIS via CPF OA interests withdrawal and the other way is to close CPFIS and then transfer stocks from CPFIS to CDP to receive cash dividends. 

Tuesday 21 January 2020

Investing For Retirement - My Road map for retirement income from 2017 to 2041 (2)

Read? Investing For Retirement - My Road map for retirement income from 2017 to 2041

Read? Investment Portfolio Management : Know enough, Know your yield, Know your risk

Read?  Investing Is Not Gambing?

Ben 18 January 2020 at 14:26


Investing gives one peace of mind. Simple.


Can investing give us peace of mind???

1. Counting fixed income like interests is easy e.g. interests from war chest.

2. How about estimating future dividends? 

One way is reverting to mean value for very long period should be conservative enough. No?

Taking 80% of 2019 dividends and used it as mean value for 20 years from 2021 to 2041

Hmm .. Uncle8888's lifetime of investing over 42 years from 2000 to 2041 should achieve an average yearly realized ROC from investment income of 6.7% or more.

Peace of mind?

6.7% ROC should be decent if one is more risk and loss aversion type of investor.

Sunday 19 January 2020

Why Pursue Financial Freedom? (6)

So we could have the option to be coasting on our CURRENT job role if we want to?

Read? Why Pursue Financial Freedom? (5)

Read? Why we should be 'coasting' at work

If you’ve ever felt like you’re doing just the right amount of work to get by comfortably – not to little, not too much – then you aren’t alone. Last year, a survey of 3,000 people found a third say they’re “coasting” at work.

At face value, admitting to coasting in the workplace seems like a bad thing. Unlike others, who are putting in extra hours every day and tearing their hair out with stress, you’re plodding along, leaving on time when you’ve finished your day’s work. But is that really such a terrible thing?

First, coasting along isn’t the same as slacking off. According to the survey, there are two types of coasters – those who make the conscious decision to do so, and those where it comes down to something not working with the employer or the job role.

CW8888: First, coasting along isn’t the same as slacking off.

Yeap! Uncle8888 has done both and knows the difference, coasting on his job for the last few years; and then moving from coasting to slacking (guiding his successor to takeover) in the few months after giving one year advance notice to his boss.

Read? Life Cycle - Some Dreams And Lots Of Regrets (2) - Count down to 60 in Sep 2016

If you’re content with your job, doing your set hours and successfully getting your work done, then coasting might not be such a bad thing at all, particularly if you want to focus on other things in your life.

“Coasting at work is something that maybe at different points in your career or life, could be ideal, if managed correctly,” says Evelyn Cotter, founder of SEVEN Career coaching. “It’s obviously something that can take many forms too, so fully coasting at work or having seasonal periods or downtimes when you can coast and other times where you’re required to push are all dependent on what you do, and where.

“If you’ve got young children, or are doing an MBA by night or further study, caring for an elderly relative, have a side hustle for instance, or other priorities where your energy and focus are needed, having a fairly straight forward work-life gives you the stability, security to progress, push or focus elsewhere.

“Everything in life and careers happens in cycles, and earlier in our careers, usually we’re growing a lot, needing to learn more, push more and prove ourselves more and having a phase where that’s not necessarily the focus, makes a lot of sense.”

Despite this, it’s easy to see why coasting gets such a bad reputation. We live in an age where being “busy” is a status symbol – the busier we are, the more impressive we appear to others. And when we tell others how busy we are, it’s more of a boast rather than a complaint.

In 2016, researchers at Columbia and Harvard explored this issue by analysing thousands of “humblebrag” Tweets from celebrities, and found 12% were about being busy. For example, commenting about “having no life” or needing a holiday.

The researchers then created a fictional Facebook account of a woman and asked people to look at her posts. When she posted about being busy and working lots, people thought she had higher status and more money than if she posted about her leisure time.

But are we really any busier than we used to be, or do we just feel busier? According to various reports, most of us are working fewer hours than we used to and we’re taking more holidays.

There are, however, factors which make us feel busier. The sheer volume of modern distractions – social media, emails, WhatsApp and more – can make life feel much busier than it actually is. And instead of working nine-to-five, we’re now checking our emails at 10pm and replying to messages at 7am. A lot of the time, we end up busying ourselves with tasks that don’t really need doing –highlighting the fact that being busy doesn’t equate to being productive.

It’s important to note that being overburdened with work is rarely a positive thing. Working long hours and taking on too much work – and struggling under internal pressure – can lead to burnout, a state of chronic stress affecting two out of three employees, according to a recent Gallup poll.

And while we often take on too much to prove ourselves, being overworked can actually harm your career prospects – as taking on too many responsibilities can lead to poor quality, rushed or unfinished work. Rather than impressing your manager, increased work intensity can lead to “inferior work outcomes”, researchers at City University reported last year.

There are, however, some drawbacks to coasting along at work. Cotter points out that it’s easy to fall into a “comfort trap” if you are under-stimulated or disinterested in your job or career. Likewise, you can “overstay” in a job or slip into a career rut, which can impact self-worth and confidence.

“Not everyone wants or needs to be constantly achieving and that’s ok, it’s about understanding yourself and your needs, if you are conscious and strategic about your coasting phase and how it fits into a bigger career/life plan, then it’s all gravy, but if it’s not something you’re actively managing and choosing, I would be wary,” she adds.

Instead of coasting full-time, you could coast for two days a week and push yourself for three, to get a better balance.

“Bad habits are formed when we get into a routine of just doing the bare minimum and those habits won’t serve you well in the mid-long-term and you’ll likely get a rude awakening when things pick up again or you move role,” Cotter says.

Whether or not coasting is beneficial also depends on your personality type. “For high-achievers, coasting is not an option, just because their personality and character will become depressed if they are not adequately achieving and stimulated, but not everyone fits this camp,” Cotter explains.

Saturday 18 January 2020

Investing For Retirement - My Road map for retirement income from 2017 to 2041

Read? Buying Stocks During A Financial Crisis Is A Bad Idea???

From 2000 to 2016, Uncle8888 has been investing for retirement; but from 2017 to 2019 he has been spending investment income and will be spending down (1) past accumulated investment income from 2000 to 2016; and (2) expected MINIMUM investment income from 2021 to 2041 will be coming from interests from war chest and 20% discounted dividends of 2019.

This is his investing journey, road map and game plan for investing for retirement.

Friday 17 January 2020


FRI, JAN 17, 2020 - 10:12 AM

Read? Hot stock: BreadTalk shares fall 8% on net loss warning for FY2019

InsiderTalk first???

Yesterday before this announcement it was so bullish!

Long white candle on high volume. Hosay liao! 

One Uncommon Act Of Kindness! (8)

Read? One Uncommon Act Of Kindness! (7)

One man more senior than Uncle8888 got trapped in BP LRT station. This is second lucky encounter to show kindness with his newly acquired knowledge from ... 

Spur 28 December 2019 at 01:00:00 GMT+8

There shld be an intercom (with camera) near the gantry gates. Can comms with the mrt control stn. They will send a guy via the next lrt to help lol. Portable wireless card reader cum resetter?

You can also reset using the top up machines in the lrt stn.

So Uncle8888 asked senior uncle to go to LRT top up machine next to the gantry to place his card.

Alamak! It just shows top up screen! LOL!

How to reset?

Next, Uncle8888 asked senior uncle to go to the Intercom to press for help. He pressed but seen like no response! Jialiat!

Lucky; one lady who was entering the gantry saw what we were trying to do and told us to go the LRT top up machine to press the Intercom button there for help.

Senior uncle placed his card on the reader and press the Intercom button for help. 

Magically; the Reset screen shown up. We just followed the diagram and figured out which were the screen buttons to press to get the card reset.

Senior uncle was very happy and praised Uncle8888 as Good Singaporean! :-)

Thursday 16 January 2020

Why Pursue Financial Freedom? (5)

Read? Why Pursue Financial Freedom? (4)

Read? F.I.R.E : FU$ Or No Thanks$

Let get Real!

How many of us expect our boss or bosses to appreciate the idea of those working under them can one day say to them either FU or No Thanks and then F.I.R.E them! 

Those who "love" or "enjoy" or "happy" to work till official or forced retirement are unlikely to keep talking or mentioning to others on achieving or pursing financial independence or F.I.R.E.

Do you know someone who love their CURRENT job so much and also keep talking about F.I.R.E?

Uncle8888 would like to jio them for kopi to find out more!

Wednesday 15 January 2020

Buying Stocks During A Financial Crisis Is A Bad Idea???

When Uncle8888 read this in the investment blogosphere:

Investing For Retirement: Why Buying Stocks During A Financial Crisis Is A Bad Idea

Walau!  Brother, Chun Bo?

20 years in the stock market; Uncle8888's greatest regret in long-term investing is NOT having bigger war chest to cast his fishing net wider and deeper and deeper down during market crashes.

His regret for catching just a few fish in earlier market crashes but NONE in 2008/2009 GFC. Bang head!

That is his biggest mistake and regret!

This shall NOT happen again in the next market crash!

Buying Stocks During A Financial Crisis Is A Bad Idea???

Bad ideas looked like this???

Lifetime of guaranteed MINIMUM yearly Yield from 2000 to 2041 over 42 years is 6.3%

How bad???

Monday 13 January 2020

Freedom To Choose What To Eat

I have the freedom to choose what to eat!

Cai png!

It doesn't overshoot $10 per meal! Right?


Sunday 12 January 2020

Save more than 60%. No need to invest??? (8)

Read? Save more than 60%. No need to invest??? (7)


This person really exists in Singapore and may make investment bloggers fall off their chair!

He is single in his 40s!

Great saver!

Living on his own in 4 room HDB flat; and currently he has no intention to rent out his spare rooms as his privacy worth more than any additional "passive" income. 

No need for more money to build wealth for retirement???

Not investing!

Even more shocking!

Not even putting money in FD to earn more interests!

Why worry so much?

Statistical Data Can Be Accurate But It May "Hide" Some Truth Behind These Numbers

Yearly household expenses have been seen to be reducing since after retirement in 2016. 

Spending lesser??? 

Lower inflationary impact???

Trust but verify - SMOL

Coming CNY in 2020 is the first time Uncle8888 will be spending zero cent on his three children's CNY new clothing. LOL!

All his three children are on their own now supporting themselves. 

They have also taken over expenses like medical insurance premium and mobile plan payments into their own personal account. 

Sometime; they also pay for meals. Mother day, mummy and papa birthday dinner are covered by them.

The statistical data is 100% accurate from Uncle8888's bank account; but it just didn't capture those expenses due to cost transfer to his children

When we read statistical data presented to us; we have to be mindful; unintentionally it may not present the whole picture!

Hmm ..like CPF numbers presented by those few bloggers??? Ha ha!

Tuesday 7 January 2020

Is Inflation More Scary Than Losses In The Stock Market???

We invest so we can overcome year on year inflation! Right?

But ....

Which is more scary???

Inflation or losses if you are not that good in investing over market cycles.

Which one kills your money faster?

Monday 6 January 2020

Sunday 5 January 2020

Unlocking SRS At 62 And Avoiding Being Taxed (3)

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

Uncle8888 has closed his SRS account yesterday as this retirement tool has reached its natural life span.  

He had contributed into his SRS over the last three years before his planned retirement in 2016 @ 60; and then immediately unlocked his SRS over the next three years upon reaching 62. 

50% of SRS amount withdrawn is not taxable i.e. max $40K if there is no other taxable income included for the year of assessment.

Hmm ... the total amount of tax saving over SRS is nothing to shout about!

Saturday 4 January 2020

20 Years All Weather Portfolio Average Yearly Yield of 10%

All weather??? 

Looking back at last 20 years and preparing for the next 10 years.

Look like it is possible to achieve average yearly yield of 7% to 10% over 30 years.

Thursday 2 January 2020

I am on Retirement Sum Scheme (RSS) (5)

Based on the two official replies from CPF

1. Estimated Monthly Payout from 65 to 88 is about $1,180

2. Estimated Monthly Payout from 65 to 90 is about $1,130

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

29 Dec 2019 09:20 PM

I already know the estimate from the calculator. But it only gives up to 23 years at 88 yrs old.

How about from 89 to 90?

What is the monthly payout?


Dear Mr Ng

We refer to your email of 29 December 2019. 

If you would like your payouts to last you till age 90, you can request to adjust your payouts to about $1,130 if you were to commence payout from age 65 in September 2021.

The actual payout rate will depend on your age and your RA balances when your payout application and request is processed. Your request will be assessed on a case-by-case basis as well

Do note that you will need to submit your request to receive the above-stated payout amount along with the payout 'Form RSS30' when you are nearing age 65.

Thank you and Happy New Year to you! 

Yours sincerely

Wednesday 1 January 2020

My Passive Income From CPF

Passive income!!!

After 39 years of mandatory CPF contributions as full-time employee, 20 years of CPFIS refund and with the power of compounding interests.

Total passive income from CPF (OA, SA, MA, and RA) in 2019 = $37,425 

Withdrew $24K on 5 Dec 19 i.e. 22.5K (OA) + 1.5K (SA)

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