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, 6 November 2022

Following someone investing idea? (2) - Refresh!

Read? Following someone investing idea? (2)

"When you see your favourite blogger bought something e.g. a few bunches of banana and that doesn't mean it is a good time for you to buy a few banana too.

Your favourite blogger may be a 800 pounds Gorilla sitting on high level of cash and gobbling up a few bunches of banana here and there is not going to cause any problem.

But, to a small Monkey on low cash level is different. Just eating up one bunch of banana may cause indigestion if got it wrong. In the stock market, small Monkey can't behave like giant Gorilla."

Real happening in ex-famous cbox where most of the monkeys in that cbox were feeling down due to lack of bullets to hoot more in 2009. This Gorilla-cboxer kept buying and buying.  When the market and economy finally recovered; he showed us his 6 digits passive income! LOL!

Uncle8888 personally learnt this real life lesson about investing in the stock market on the ground! LOL!

Read? Does Your Account Size Matter? - Part 3 














Posted by Createwealth8888 at 15:52
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3 comments:

  1. mysecretinvestment6 November 2022 at 22:47:00 GMT+8

    Hi CW,

    Just wondering if you have purchased any treasury bills (T-bill)? It is hot news nowadays with yield hitting 4.19% in latest issue. Many people are putting their money into T-bills.

    In Oct, I followed the crowd and moved about $190K of my warchest to buy the 6-month T bills with yields ranging from 3.32% to 4.19%.

    With the yield above 4%, it makes sense to deploy CPF OA funds to buy the T-bills but need to physically go to the banks to make the application to buy. Last Saturday I did just that. To test water, I used $300,000 of my OA funds to bid for the upcoming T-bills. If successful and if the yield continues to stay above 4%, I will deploy the rest of my OA funds into it.

    ReplyDelete
    Replies
    1. CreateWealth88887 November 2022 at 07:35:00 GMT+8

      Not applying for T-bill yet

      Delete
    2. mysecretinvestment8 November 2022 at 07:20:00 GMT+8

      Hi CW,

      There is another alternative to T-bills for CPF funds. UOB fixed deposit promotion is at 3.9% for 1 year for $1M deposit and above.

      Thinking of asking my wife to deploy her OA funds into this UOB FD. Need to go down to the bank to do this though, cannot do online. Maybe can also get private banking status and enjoy the perks.

      Delete

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