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.

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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

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

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Value Investing
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Technical Analysis and Charting
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Sunday, 28 February 2021

2021 - Another tough year for Koala/Panda Retirees depending on dividend income in SGX!

Sigh! With FY 20 dividend income all declared in Uncle8888 investment portfolio for 2021 and expecting interim dividends in 2021 may NOT vary much!

He will need to get more trading income or deploy more War Chest or doing both to avoid 2021 hitting a new Low! Less passive and more active! Tough 10 months ahead!


  1. Disregarding capital loss on paper, dividends from stocks is still much better Stinking cash in the banks, lol.

  2. Wait to buy the dips lol.

    Buy the crash is best.

  3. Hi Uncle8888,

    Combined with CPF interest + upcoming RSS payouts, should still be enough bah?

    With the ongoing re-opening of businesses & economies, no surprise if companies' dividend announcements surprise on the upside in the 2nd half of the year.

    Anyway when it comes to short term trading, I've discovered I'm lousy if I have to do it seriously i.e. trade for a living. I do better when I trade for fun using play money. LOL.

    Oh, M'sia just declared annual dividend for their EPF on Saturday. It's 5.2% ... much better than during GFC or dotcom bust/SARS.

    So it's either you take risk & go for potentially higher yield, or stick to S'pore CPF fixed rate approach.

    Curious to see Temasek and GIC performance when they announce in July. Should be better than Buffett's 2.4% in 2020 bah!

    Sigh ... no wonder people like Davey Day Trader are calling Buffet "washed up"...

    1. Trading for fun on play money. No stress! Trading to reach FI using leverage very siong!

  4. Indeed. 2021 is looking to be like another tough year for passive income investors like myself.
    2020 and 2021 will provide important data points for me to model our passive income scenarios in crisis years.

    At 60 this year, both my wife and I are looking to our passive income sources for our retirement sustenance. We have been building up the three sources for some time already, namely dividends, rental and interests from our CPF savings.

    As I am still working, I have been buying more dividend paying stocks every month throughout the years. Even as I add more stocks, the dividend income is not improving by much. Hoping that it will pay off when the economy fully recovers!

    For the first 2 months of 2021
    Jan 2021
    Dividend : $3,974
    Rental :$2,900
    CPF Interest: $7,750 (Estimated monthly interest based on our principal amount as of 1 Jan 2021)

    Feb 2021
    Dividend : $4,456
    Rental : $2,900
    CPF Interest : $7,750

    And based on the dividends announced so far:

    Mar 2021
    Dividend : $4,541
    Rental : $2,900 (tenancy agreement expiring in Jun 21)
    CPF Interest : $7,750

    My takeaway :- Investing for dividends and rental income is hard, “investing” for CPF interests is easier.

    1. From our own personal experience in the market, it is more realistic and practical retirement income for life strategy consisting significantly fixed income and variable dividend income across economic cycles. Investing for dividend income for FIRE or retirement is not we commonly hear from Gurus preaching dividend income portfolio strategy. Such strategy is not sustainable across economic crises

    2. i use to think if portfolio is large enough, the dividends receive maybe good enough for all seasons.

      Of course i was tempted to dump everything into dividend bearing stocks.

      But when i think of Asset Allocation, i chicken out lol.

      Or really don't have enough Assets to do the above and still have some reserve assets.

      Remember imagination is more important than knowledge.

    3. With no minimum commission; we can also play dividend yielding stocks for kopi/meals money in the market or take Panadols on paper losses and wait till neck long long. Fun play while boring wait on core holding.

      Panadols, kopi, lunches and dinners!

    4. No minimum commission?


      At DBS Vickers, Cash Up Front Account for Buying IS ATTRACTIVE.

      The best is TD Ameritrade No Commision no matter how small or large is your trade.

      Will learn to trade here more lol.

  5. Hi Uncle8888,

    Think the conclusion is that investing in retirement is tough! Flavour of the year come & goes!

    1996: properties & property counters
    1999: dotcom
    2002/2003: value investing
    2006/2007: growth & contra (hehehe)
    2011: oil & commodities
    2016: REITs
    2020: growth & tech (again)
    2021+: ???

    2020 was huge for growth stocks & capital gains. My entire liquid networth increased by 49%, while dividends collected were about 20% less than in 2019. That 49% is basically almost 6 years of compounded gains (if based on 7% CAGR KPI target). My past lessons & practice of harvesting a few % here & there, especially whenever my charts went parabolic, stood me in good stead.

    I guess the important thing is to get comfortable & build insight (i.e. instincts) in investing styles that are more in-tune with your personal psychology .... while at the same time being open to continuously learning, adapting, experimenting with small amounts etc.

    My gut feel is that we're maybe 60%-70% thru this secular bull that started in 2009.

    Remember though, that even though we MAY be in a secular bull, -20% declines still happen every 2-3 years on average and recessions can still occur (as Covid has reminded us).

  6. Volatility is the mother's name of all investments.

    Maybe CPF is the most stable but even then our G says "No Gurantee" if market's volatility changes too much or extreme.

    Even CPF Life (annuity product) no guarantee.

    So far so good.

    So put your money under your pillow is the most stable and guarantee?


  7. 10% yield per year - I thought that is quite good

  8. For retirees looking for stable, regular incomes & not windfall capital gains, probably the safest strategy is to practise what insurance companies & pension funds do, invest using the Nobel Prize winning Modern Portfolio Theory (multiple asset allocation). Dividends from my non-reit equities suffer big cuts in 2020, but dividends from my reits & buisness trust portfolio not so bad (dividends of some such as Keppel DC, ParkwayLife, Mapletree Logistics, NETLink etc have actually increased). Distributions from my bonds portfolio, especially High Yield, were also steady. Of course, CPF is the ultimate safety net


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