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

Sunday 12 January 2020

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!


  1. Trust, but verify

    Trust, but verify is a rhyming Russian proverb. The phrase became internationally known in English when used by President Ronald Reagan on several occasions in the context of nuclear disarmament discussions with the Soviet Union


  2. CW,


    I think you have become one of the 2 dots in the Tao symbol in the community ;)


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