As from April 2013 my Journey in Investing is to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

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 April 2020

STI DCB? COVID-19 vs GFC (3)


Read? STI DCB? COVID-19 vs GFC (2)


Rebound back to test the LAST resistance level @ 2,635

Breaking soon?








Worst Cash Flow From Investment Portfolio of Stocks In SGX Since 2009? (2)


Read? Worst Cash Flow From Investment Portfolio of Stocks In SGX Since 2009?

Read? DBS’s Gupta pans banks’ dividend cuts

For his part, Gupta says cutting dividends now is “nonsensical” and “a bit of a red herring”. He notes that years of Basel reforms have left banks with “enormous capital reserves” and a clear protocol: to dip first into buffers, then counter-cyclical buffers, and finally into capital reserves. 

If this is a multi-year problem... banks will likely get to the point where they can’t pay dividends. But promising now to not pay them is, to me, illogical   - Piyush Gupta, DBS

He points to the number of retirees who own a handful of treasured DBS shares, which they use to leaven their pension pot, noting that eliminating dividends “doesn’t just hit the fat cats but people who just want to supplement their pensions a bit”. 


[SINGAPORE] Singapore's DBS Group Holdings set aside S$1.09 billion to cover the impact of the coronavirus pandemic as South-east Asia's biggest lender reported a 29 per cent fall in first-quarter profit to the lowest in 2.5 years.

DBS said provisions for credit losses surged in January-March from S$76 million a year earlier. They were well above an average estimate of S$605 million, according to Refinitiv data.

First-quarter profit fell to S$1.16 billion compared with S$1.65 billion a year earlier, in line with an average estimate of S$1.13 billion from four analysts, according to Refinitiv data.

DBS said it set aside the allowances "to accelerate the build-up of reserves", with two-thirds of the amount kept for general allowances to anticipate a "deeper and more prolonged economic impact from the pandemic." The remainder was for specific allowances, mainly for new exposures recognised as non-performing during the quarter.

DBS, which pays quarterly dividends, retained its proposed dividend of 33 Singapore cents per share for the latest quarter. 


CW8888 

:-)

With $0.66 (FY 19 + FY 20 Q1) confirmed; it is unlikely that cash flow in 2020 from investment income to be the lowest since 2009




Tuesday, 28 April 2020

Keppel Corp : Pump and then dump soon???


Read? Kep Corp : No more seen as oily stock???

Tomorrow 2020 Q1 result!

Two large gap down to be covered and then the worst may be over and wait for Temasek @ $7.35







Sunday, 26 April 2020

Losses on Bank of China crude oil investment product could hit $1.3 billion


Walan! Lucky; this is not sold to retail investors in SG by banks here.


Read? Losses on Bank of China crude oil investment product could hit $1.3 billion

SHANGHAI (Reuters) - Total losses from a structured crude oil product marketed to retail investors by the Bank of China could be more than 9 billion yuan ($1.27 billion), the Caixin financial news outlet reported on Sunday, citing official sources.

More than 60,000 individual investors involved in the scheme have lost deposits worth as much as 4.2 billion yuan, it said. A third of the total had invested more than 50,000 yuan each.

Monthly Household Expenses For Apr 2020 Is At Historical Lowest. A taste of life that is "suck" or "stuck"???

Sigh!!!



Friday, 24 April 2020

STI DCB? COVID-19 vs GFC (2)


Read? STI DCB? COVID-19 vs GFC


Next week STI will be testing 2,500 during Q1/Q4 earning result announcement!

Buy, sell or still watching?





The stock market is weird. (2)


One buys, another one sells, someone waits and all three think that they are smart.

Read? The stock market is weird.

We can really witness such weird behavior in investing/trading forums!

Go and see for yourself. LOL!


Tuesday, 21 April 2020

My Investing During COVID-19 Bear


28% of War Chest deployed!

Round 2 coming soon?

Read? STI DCB? COVID-19 vs GFC






















OCBC Round 6 : Bought @ $8.71


Read? Why Not OCBC?


Round 5: ROC +1.6%, 3 days, B $8.70 S $8.90
Round 4: ROC +5.1%, 35 days, B $8.40 S $8.90
Round 3: ROC +0.5%, 5 days, B $8.55 S $8.65
Round 2: ROC +5.5%, 6 days, B $7.95 S $8.45
Round 1: ROC +1.7%, 6 days, B $8.40 S $8.60



An oil futures contract expiring Tuesday went negative in bizarre move showing a demand collapse

CW8888: Unprecedented craziness in the market and anything could happen can happen! Never say NEVER in the market.

Read? An oil futures contract expiring Tuesday went negative in bizarre move showing a demand collapse

A futures contract for U.S. crude prices dropped more than 100% and turned negative for the first time in history on Monday, showing just how much demand has collapsed due to the coronavirus pandemic.

But traders cautioned that this collapse into negative territory was not reflective of the true reality in the beaten-up oil market. The price of the nearest oil futures contract, which expires Tuesday, detached from later month futures contracts, which continued to trade above $20 per barrel.

West Texas Intermediate crude for May delivery fell more than 100% to settle at negative $37.63 per barrel, meaning producers would pay traders to take the oil off their hands.


This negative price has never happened before for an oil futures contract. Futures contracts trade by the month. The June WTI contract, which expires on May 19, fell about 18% to settle at $20.43 per barrel. This contract, which was more actively traded, is a better reflection of the reality in the oil market. The July contract was roughly 11% lower at $26.18 per barrel.

The international benchmark, Brent crude, which has already rolled to the June contract, settled 8.9% lower at $25.57 per barrel.

20200420 Oil futures crash

Monday, 20 April 2020

Kep Corp : No more seen as oily stock???


Read? Coronavirus: US oil price plunges to 21-year low

A key benchmark of US oil prices plunged to a 21-year low on Monday, amid continued fears about oversupply in the market.

US West Texas Intermediate crude futures (CL=F) dropped over 18% to a low of $14.45 a barrel on Monday morning, a level not seen since 1999. By 8.20am UK time, US crude futures were still down 17.9% to $15.00.

Brent oil futures (BZ=F), the international benchmark, were more resilient. Brent was down just 2.2% to $27.46 per barrel at the same.

“The steep fall in the price is because of the lack of sufficient demand and lack of storage place, given the fact that the production cut has failed to address the supply glut,” said Naeem Aslam, chief market analyst at Avatrade.



Saturday, 18 April 2020

COVID - 19 : It is the Right Time to validate Sustainable Retirement Income For Life - Three Taps Solution model


Read? Sustainable Retirement Income For Life - Three Taps Solution - Revised slides


Now, it is the right time to validate those years of thinking on sustainable retirement income for life - three taps solution model!






























Timeline: How the COVID-19 outbreak has evolved in Singapore so far

Read? Timeline: How the COVID-19 outbreak has evolved in Singapore so far

SINGAPORE: It has been more than 12 weeks since Singapore reported its first COVID-case on Jan 23 – a 66-year-old Chinese national who came to Singapore three days earlier.

Since then, there have been more than 5,000 cases and 11 deaths in Singapore from the disease, which was first detected in Wuhan, China.

This is how the outbreak has evolved in Singapore so far:

Dec 31, 2019: A cluster of severe pneumonia cases in Wuhan, China is reported to the World Health Organization. Doctors do not yet know its cause.

JANUARY

Jan 2, 2020: Singapore’s Ministry of Health (MOH) says it is aware of the cases in Wuhan and will screen all inbound travellers from Wuhan from the evening of Jan 3.

There are no cases in Singapore.

Long Term Performance Across Market Cycles


4 to 7% CAGR over the next market cycle?

It is me and Mr STI!

Cannot afford to miss the next rally or at least put one leg inside the market for the next rally.

Unprecedented! 

Huge risk-reward waiting! 

Can't afford to miss it!









Friday, 17 April 2020

STI DCB? COVID-19 vs GFC


Read? STI : Anyone still thinking it is dead cat bounce??? (2)

Zoom in and looking for clues of DCBs in CONVID-19 vs GFC

The economy is dying but is the Cat dead yet?

Look like the cat is still struggling to live. Not dead yet?

Look closely at GFC, can you spot those DCBs?




































Thursday, 16 April 2020

STI : Anyone still thinking it is dead cat bounce??? (2)


Read? STI : Anyone still thinking it is dead cat bounce???

The answer will soon be revealed by Mr. STI!

Open your eyes and see closely!




Wednesday, 15 April 2020

DBS

$0.33 XD on 12 May 20




The Mind Part Is Never Easy Even For Veteran Retail Investors!!!


Sunday, 11 February 2018

Read? On why sound investing principles will always work???

Now; he sianz!

Real life example of retail investing. It is never easy! Who can analyze that DBS drastically raises its dividend from past year of 66 cts to $1.20 from 2018 onwards!

Institutions invest along with their rules and policies; but for retails it is all in their Mind and Heart!

Checked yesterday and heard that he didn't bought back any last sold DBS yet as he is still thinking worse for COVID-19 Greater Bear is coming soon!

This Fear is far greater than the fear in Jan 2016 and freezes him completely!

3M's - Method, Mind and Money Management


Tuesday, 14 April 2020

STI : Anyone still thinking it is dead cat bounce???


Read? COVID-19 Bear Market 2020 - Round 2 Coming??? (3)



















Possible To Lose 90% of Wealth Through Higher Leverages ???


Read? Margin Calls? No Scare! My Leverage Is Low And Far From Margin Call. Steady OK?

Long time reader, Ray Ng shared this blog post with Uncle8888 to share it here!

Hmm .. sound like Jesse Livermore!

I am so ashamed to admit that I lost about 90% of my wealth in the last few weeks when all my investment bankers forced sell a large portion of my wife and my holdings.

Read? My reply to Tradeview’s open letter - Koon Yew Yin


Sunday, 12 April 2020

COVID-19 is really Unprecedented Times!


Unprecedented number of hours staying at home watching unprecedented numbers of movies on Netflix!


Friday, 10 April 2020

Worst Cash Flow From Investment Portfolio of Stocks In SGX Since 2009?


Assuming bigger cut in dividends in 2020 H2

Anyway; household expenses in 2020 will also drop since there was no overseas travelling expenses since Jan 20 and that will help to balance out the cash flow,






















Thursday, 9 April 2020

COVID-19 Bear Market 2020 - Round 2 Coming??? (3)


Read? COVID-19 Bear Market 2020 - Round 2 Coming??? (2)

Stay at home and cheering the Market???

Dead cat bounce?

More like the Cat is doing bungee jump and bounce back???




Tuesday, 7 April 2020

COVID-19 Bear Market 2020 - Round 2 Coming??? (2)


Read? COVID-19 Bear Market 2020 - Round 2 Coming???


COVID-19 Bear so weak meh???

Knocked out in Round 1???




Sunday, 5 April 2020

Your CPF Investment Account : Uncle8888's foolish advice again!!! (5) (Time to refresh)

Thursday, 11 January 2018

Read? Your CPF Investment Account : Uncle8888's foolish advice again!!! (5)


Master Yoda : Don't use your CPF, Luke, Let go. You will hit your financial goal if you are patient and let the money grow. Trust me!
























534K CPF members who used their funds to invest from Oct 2018 to Sep 2019

1.  54% or 267K CPF members actually did worse than those didn't invest the money they had i their CPF.

267,000 is large pool of retail investors!

2. 170K lost money!

Statistically, someone on either on your left or right as retail investor did worse than savers!

Don't laugh or poke at those choose NOT to invest their CPF money. In CPF, we trust!





















COVID-19 : Hen, Wolf And Three Little Pigs


Ha ha! Time flies. 10 yrs old blog post with new character add in.

Sunday, 13 June 2010

Read? Three Little Pigs In The Stock Market - Part 3

Introducing the Hen into this famous story of Wolf (COVID-19) and Three Little Pigs!

The Hen  ....  convincing the three little pigs on FIRE or Early retirement on leveraging on broker's margin account for higher yield stocks is a good idea! Passive income. Shiok!

How many can tell the difference between involved and committed?






































Saturday, 4 April 2020

COVID-19 Bear Market 2020 - Round 2 Coming???


Read? End Of CONVID-19 Bear - Round 1


Bet your war chest at which level of betting?

Below 2,100 or below 1,900?

Strong support seen at 1,8XX and stronger one at 1,4XX

Place your war chest!


Friday, 3 April 2020

Fundamental Analysis : As Outsiders How Far Into The Future Can We Analyze Company Business? (2)


Read? Fundamental Analysis : As Outsiders How Far Into The Future Can We Analyze Company Business?


F&B outlets in shopping mall started failing???

31 Mar 2020 was the last day of this F&B outlet in Orchard area and permanently closed to cut operating losses?

More weaker F&B outlets closing soon to cut operating losses?








Retirement Income for Life??? (8) - Right Time To Refresh After 7 Years During Bear Market


Personal investing. Personal retirement planner. It is all personal! LOL!

Reaching Financial Freedom

A piece of common wisdom we often read from financial or investment bloggers that reaching the edge of financial freedom is when our passive income from investment portfolio exceeds our living expenses.

Sure or not???


Can a portfolio full of high yield dividend stocks guarantee you a secure and sustainable future cash flow to overcome inflationary impact in your future living expenses?

Saturday, 2 March 2013

Read? Retirement Income for Life??? (8)




Thursday, 2 April 2020

I Am Scare Of Mr Market So I Did This Before I Finally Retire


Sometime in life, it may be better to regret NOT making more than to feel sorry in bad state!

Rotting cash reserve in the bank earning very low return as liquidity to fund few years of household expenses and to avoid any asset draw-down during market low!







Wednesday, 1 April 2020

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