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, 17 May 2020

Warren Buffet Sold Banks. We should be following him to sell SG Banks????


Read? When Warren Buffett Sours on Goldman Sachs, Time to Worry

The crisis has spooked America’s forever optimist so much so that he’s fled the airline industry entirely, and now even certain automobile and banking stocks, according to a regulatory filing Friday detailing Berkshire Hathaway Inc.’s investing moves for the first quarter. This included dumping 84% of Berkshire’s stake in Goldman Sachs Group Inc. and reducing its JPMorgan Chase & Co. position by 3%. Buffett, 89, said proudly just two weeks ago that he thinks “nothing can stop America,” but it’s getting harder to believe him. 


Uncle8888 is looking forward to add more Panadols from Singapore local banks as Panda/Koala retail investor in SGX.

When banks are sick then STI is dead! When STI is dead; then we have TemaSick to put them into sick bay to recover from COVID-19. 

Why scare? 

GE is near!

MIW are not that dumb not knowing what to do!










2 comments:

  1. WB is a failure, He loss 50b.. i dont think he sell if his are all tech stock, U follow a loser, u deserve to lose big time.

    ReplyDelete
  2. Lots of people criticised WB as outdated during the dot com boom. All those followed WB were the winners.
    WB must have foreseen something all of us didn't. Only time will tell who is the real winner.

    ReplyDelete

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