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

Tuesday, 22 September 2020

Round 24 - 1 : Bought back @ $19.68

 Read? DBS : Sold @ $19.88

Last sold @ $19.88 was an Alamak sale!

Today bought back @ $19.68.  Another Alamak?


  1. Bad publicity for Ah Kong, DBS, UOB and OCBC.

    1. Passé news. Just a bit more KYC compliance & AML/anti-terrorism checks from 2021 onwards. And probably at most tap-on-the-fingers punishment for local banks.

      The big systemic compliance overhaul immediately after 9/11 was a much bigger impact to the banks, but yet it didn't stop a big financial bull from 2003-2007.

      The bigger catalyst for panic selling in the short term are US elections & Covid vaccine disappointments.

      Pfizer/BioNTech will be the first to release vaccine trial effectiveness by end of next week.

      If it's a failure .... Watch out below!! LOL!

      The next 2 leading vaccine contenders (Moderna & AstraZeneca/Oxford Uni) are slated to release preliminary trial results by end-Oct/early-Nov.

      China's Sinovac, CanSino, & Sinopharm experimental vaccines are already being given to some military and healthcare personnel. But China is keeping a news blackout on the effectiveness & results so far.


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