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.

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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
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Friday, 20 November 2020

STI 2,813.01+36.01 (+1.30%)

 So how now?

What next?






Posted by Createwealth8888 at 19:12
Labels:

4 comments:

  1. Spur20 November 2020 at 21:04:00 GMT+8

    Hi Uncle8888,

    All is good. Next crisis only in 2031 (11 yrs later) LOL!

    Btw, your 11-year cycle was just 2 years off in the previous crisis when SG stock market dropped -76% (yes, -76%) from Jan 1973 to Nov 1974. (There was a global recession ... major middle east war, oil embargos, petrol rationing, end of Bretton Woods, major inflation & all that good stuff)

    So 11-year cycle seems applicable in Singapore hohoho!


    My crystal ball tells me next normal recession around 2024 and next big crisis in 2028-2030. :P

    I'm still 20% in cash ... no civil war after US election, so didn't buy anything lol.

    ReplyDelete
    Replies
    1. CreateWealth888820 November 2020 at 21:30:00 GMT+8

      Wah! By next crisis 70+, kena dementia no more worry about market. LOL!

      Delete
    2. Spur21 November 2020 at 01:30:00 GMT+8

      Lol! Never say never! My dad is 80+ and he still does daily trading for kopi money. He's much better at short-term trading than me. I just can't get into the right mentality.

      Anyway next normal recession may be only a few years away with perhaps around 30+% drop ... still a very good opportunity :P

      Unless you're planning to cash out most or all of your investments, even the regular 10+% corrections along the way are good instances to add a bit :)

      Delete
  2. mysecretinvestment21 November 2020 at 08:53:00 GMT+8

    I am just glad that Mr Market recovered from depression somewhat and hope that he will remain well for the close of a forgettable year.

    With his strong recovery in just the last few weeks, my paper loss has narrowed dramatically. In that one month of Mar 2020, I suffered a paper loss was over $160,000. Receiving dividend then was like taking your own money from the invested capital.

    With the recovery, Mr Market has kindly "returned" me $120,000 in just these few weeks and with a $64,000 dividend for this year, I think I cannot complain. And committing to a monthly share buying regime helps.

    ReplyDelete

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