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



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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

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Saturday 18 July 2020

Coronavirus: Leisure travel may not be possible this year, says Lawrence Wong


Read? Coronavirus: Leisure travel may not be possible this year, says Lawrence Wong


CW8888 : Uncle8888 as an Ant planning for long time; he has never expected COVID-19 coming right in front of his face to verify that CPF RA minimum sum of monthly $1,180 per person is enough to survive under current situation with stay at home life style , more home cooked meal and supplemented by some ta bao meals at kopitiam or hawker centre, stay at home entertainment with Netflix and power up by Internet surfing to pass time. 

CPF is for basic survival scheme for Singaporeans, No ???

Singaporeans are unlikely to be able to travel for leisure this year, though essential business travel will be possible.

At a virtual press conference yesterday, National Development Minister Lawrence Wong said: "Our overall advisory, it remains for everyone in Singapore, is not to travel, to avoid all travel."

He added that even though the virus situation is dynamic and constantly changing, the multi-ministry task force tackling Covid-19 - which he co-chairs - does not see things improving any time soon.


"Looking at the situation, the Covid-19 infection around the world is unlikely to go away. At the end of the year, it will continue to be with us, even till next year.

"So, it is unlikely that we will see improvement in the situation in the near term, which means that our travel advisory position is unlikely to change in the near term as well," he said.

However, negotiations with countries on reciprocal green lane arrangements will proceed to facilitate essential business travel, so long as the country Singapore is talking to has the appropriate control measures.

Green lanes "are not just free for all travel", reminded Mr Wong.

"A traveller coming in through a reciprocal green lane has to abide by and comply with certain control measures, including testing at the point of departure and point of arrival, and then following a very strict and controlled itinerary."

He added: "This will not apply to mass tourism travel... that, I think, will not happen any time soon."

The task force will also continually review and update border control measures for travellers who are entering Singapore, he said.

In the light of the resurgence of cases in certain countries, travellers entering Singapore from Japan, Hong Kong and Australia's Victoria state from July 20 will have to serve their stay-home notice (SHN) at dedicated facilities instead of their own places of residence.

They will also have to undergo a Covid-19 test before the end of their SHN period.

Travellers who left Singapore from March 27, despite the prevailing travel advisory against leaving the country, are required to pay for their stay at dedicated SHN facilities. Travellers who are not Singapore citizens or permanent residents also have to pay for their stay at dedicated SHN facilities.

The Straits Times understands that the cost of each 14-day stay is about $2,000. The Covid-19 test for each person costs another $200.

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