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 Investinghas 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!
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.
Just read in the cyber world that one couple both are vested in the
same counter at one time; and fortunately, the man realized it sooner that it
is not good idea to be over-exposed even for good investment thesis.
Humble view from Uncle8888 to newbie couple
who are into investing their money ..
As married couple or family with working adult children who are also into investing their money, stop thinking in
terms - your money and my money.
It is okay to let our loved ones make more
money on our best ideas and we abstain ourselves from being over-exposure as a whole!
It has nothing to do with the commonly known psychological bias in the investing/trading world - Loss Aversion! No! It has to do with the reality and not so much on psychology!
The Maths of it! When we really need that cash, we can't raise enough cash from the Losers. The Losers are as they are. They CAN'T be worth relatively much more in our investment portfolio!
It is the Winners that we can raise enough cash to meet our liquidity needs! This is commonsense. This is reality! This is fact! Forget theory and concept! When reality hits us hard; our mind will tune into more practical way to solve the immediate issue or trouble on hand. Tio bo?
U.S. oil futures settled lower on Friday after the
International Energy Agency (IEA) warned that global oversupply of crude
could worsen next year.
Brent and U.S. crude's West Texas
Intermediate (WTI) futures fell as much as 5 percent on the day and 12
percent on the week as mild pre-winter weather and a plummeting U.S.
stock market added to the toll on oil prices.
Oil traders and analysts were perplexed by
the intensity of the decline, coming exactly a week after Dec. 4 meeting
of the Organization of Petroleum Exporting Countries all but abandoned
price support for crude after removing its production ceiling in an
oversupplied.
The IEA, which advises developed nations on energy, warned that demand growth was starting to slow.
"Consumption is likely to have peaked in the
third quarter and demand growth is expected to slow to a still-healthy
1.2 million bpd (barrels per day) in 2016, as support from sharply
falling oil prices begins to fade," the energy watchdog said in its
monthly oil report.
Crude prices have fallen with little
restraint since the Organization of the Petroleum Exporting Countries'
meeting last week. Data also showed OPEC pumped 31.7 million bpd in
November, more oil than any month since late 2008.
Banks such as Goldman Sachs have said oil could fall to $20 a barrel if the world runs out of capacity to store unwanted supply.
"The WTI and Brent markets are trending at
this point with no real interest from anyone to buy," said Scott
Shelton, broker and commodities specialist at ICAP in Durham, North
Carolina.
"The forecast remains incredibly warm for
the U.S. That's a large drag on demand and means less demand for
distillates and more for export, which drags down the rest of the world
as well."
U.S. weather forecasts call for
warmer-than-normal temperatures through Christmas that would curb
heating demand, boosting U.S. gasoline futures higher than heating oil
prices in December for the first time in at least five years.
Gasoline's premium to heating oil for the
January contracts widened as the heating oil contract slumped almost 6
percent while gasoline fell 0.4 percent.
Uncle8888 has revised some of his slides to show clearer images and hopefully he will have less to explain with his new slides.
Tracking our household expenses and set the past highest annual household expenses as our Target to achieve sustainable retirement income for life with three taps solution.
Everyone of us have to remember this and learn to live well today if not the next few days but don't wait too long especially for those seeking financial independence as early as possible but with much sacrifices along our journey.
Now, several of us in the office will bet together for Group ToTo when JackPot Prize reaches $4m or more. If tio Group 1, thing will be very interesting for bosses. LOL!
Retire early before 62 (Singapore official retirement age) In the financial and investment blogging sphere, we have been reading many blog posts on FIRE; but in the real world of employees, do employees really want to retire early when their company allow them to continue working?
Are investment bloggers living in their own world?
(1) Cut losses and lock in negative return. Stay in cold hard cash while waiting to get back to the market?
(2) Hold the great pain and wait for market opportunity to cut losses and switch horses?
What B saw now is what Uncle8888 has done towards the end 2008. As market dropped farther our balls shrunk even faster and farther. We may even try to preserve the little leftover cash that we have! It is damn irrational!
No free lunch. We will reap what we sow in the market! What did you see in 2008?
SMOL: "No prizes for guessing why the panda and koala are both on the endangered species list..."
In openness and easiness of many trading and investing platforms, instruments and opportunity available, Uncle8888 still stick with local equities in SGX. He is one of those endangered species of retail investors like panda and koala. Did anyone realize that panda or koala did something really well?
They sleep alots!
Uncle8888 has been sleeping too long in the stock market ...
SINGAPORE - There are currently no rules in Singapore for advertising online or on social media tools, such as blogs.
Now, the Advertising Standards Authority of Singapore (ASAS) has drafted guidelines for this sector and is seeking public input.
The new guidelines, called the Digital and Social Media Advertising
Guidelines, stipulate that online and social media advertisers must
comply with the Singapore Code of Advertising Practice (SCAP) that print
advertisements must follow. This includes rules for honesty and
decency.
The new guidelines also establish levels of disclosure required of
sponsored messages that appear on blogs and social media channels such
as Facebook, Instagram and Twitter. Marketers will be required to make
sponsored messages distinguishable from personal opinion and editorial
content in their posts, and disclose any commercial relationships.
Marketers also need to be transparent about fees.
"After an extensive study and some inputs from various industry
players, ASAS has drawn up the draft Digital and Social Media
Advertising Guidelines, in order to address the challenges created by
such advertisements," said a statement from ASAS released on Monday (Dec
7). The guidelines draw reference from similar codes of conduct already
established in places such as Australia and Britain.
The period of consultation is from now to Jan 8, 2016. Interested parties can submit written comments on the guidelines to asas@case.org.sg no later than 5pm on Jan 8.
Submissions can also be sent in by post to ASAS at 170 Ghim Moh Road, Ulu Pandan Community Building, #05-01, Singapore 279621.
CW8888: Blogger like Uncle8888 earns nothing from blogging so not affected. No commercial ads. LOL!
Several near-retiree colleagues told Uncle8888 that they like his "view" on SRS. They are going to open SRS account and enjoy better than 3 yrs Fixed Deposit rate. Are you also near-retiree in your 60 or 60s and have not open your SRS account?
Uncle8888 doesn't like his money to be locked up and also his income tax is not large to worth that long lock-up period. But when we are near retiring, then the story has changed.
Innovative solutions incorporated for greater energy efficiency and competitive edge The
Abu Dhabi Water & Electricity Authority (ADWEA) and Sembcorp
Industries (Sembcorp) are pleased to announce the successful completion
and commencement of operations of an approximately US$200 million
expansion to the Fujairah 1 Independent Water and Power Plant (IWPP) in
the UAE. The expansion has increased the plant’s total seawater
desalination capacity by 30% to 130 million imperial gallons per day
(MIGD). With more than half of the plant’s desalinated water produced
using reverse osmosis technology, the Fujairah 1 IWPP is now one of the
largest reverse osmosis desalination facilities in the Middle East.
The
30 MIGD water output from the expansion will be sold to the Abu Dhabi
Water & Electricity Company (ADWEC) under a 20-year water purchase
agreement. This will help to meet the increasing water demand in the
UAE, and also provide additional income for the plant. The expansion has
the ability to use the plant’s uncontracted surplus power to produce
the additional water at a highly competitive cost. It has also been
configured for greater environmental efficiency and energy savings.
The
Fujairah 1 IWPP is owned and operated by Emirates Sembcorp Water &
Power Company, a joint venture that is 60% owned by ADWEA and the Abu
Dhabi National Energy Company (TAQA), and 40% by Sembcorp. The Fujairah 1
IWPP holds a strong track record of high plant reliability and
performance. It has consistently achieved higher plant availability than
contracted, since Sembcorp’s acquisition of a stake in the plant in
2006.
Several colleagues told Uncle8888 that they are comfortable with this sort of near passive investing. They are glad that they have learned it from the old horse's mouth. LOL!
Uncle8888 saw several blog posts on net worth that were first triggered by Brolp's FB post and Uncle8888 has to join in the fun and gives his view on net worth. Is our net worth sustainable across market and economics cycles? Let see what happened when bulk of Uncle8888's net worth in the market in 2009 ...
Uncle8888 finally woke up from 2009 shock!
This type of net worth is not sustainable and he slowly works towards a more sustainable net worth through assets re-allocation and today at market closing, his net worth is ...
Sembcorp
Industries (Sembcorp) is pleased to announce that its wholly-owned
subsidiary, Sembcorp Utilities, has today signed a memorandum of
agreement with Myanmar’s Department of Electric Power Planning (DEPP),
under the Ministry of Electric Power of Myanmar (MOEP), to invest in and
develop a 225-megawatt gas-fired power plant in central Myanmar.
The
agreement was signed by Tan Cheng Guan, Executive Vice President &
Head of Group Business Development & Commercial of Sembcorp
Industries, and U Khin Maung Win, Director General of DEPP, in the
presence of senior government officials of Myanmar. The signing of the
memorandum of agreement followed Sembcorp’s receiving the notice of
award to develop and operate the power plant in April this year.
Located
in the Myingyan district of the Mandalay division, the US$300 million
power plant is set to be the largest gas-fired independent power plant
in Myanmar. Utilising the most efficient technologies, the plant will be
able to maximise power output while minimising emissions. When
completed, the new facility will help to ease the country’s severe power
deficit.
The
build-operate-transfer project was awarded after an international
bidding process called by Myanma Electric Power Enterprise (MEPE), a
division under MOEP, and advised by International Finance Corporation of
the World Bank Group. Sembcorp will have an 80% stake in this project,
while its partner MMID Utilities will hold the remaining 20%. Expected
to be completed in 2018, the project will supply power to MEPE under a
22-year power purchase agreement (PPA), with MOEP guaranteeing MEPE’s
obligations under the PPA.
Mr
Tan said, “Sembcorp is pleased to be embarking on this project, which
is our first investment in Myanmar. This new facility will provide a
reliable source of power which is integral to the country’s economic
development. At the same time, it gives us a foothold to potentially
develop other businesses in the country, such as water and urban
development. We look forward to working closely with MOEP on this
project.”
A
project company, Sembcorp Myingyan Power Company, has been incorporated
in Myanmar to undertake the development of this project. The total
project investment of approximately US$300 million is expected to be
funded through a mix of limited recourse project financing and equity.
Financial close of the project is expected in the first half of 2016.
This
signing of the agreement is not expected to have a material impact on
the earnings per share and net asset value per share of Sembcorp
Industries for the financial year ending December 31, 2015.
Real life stories on Life Insurance from the Not Vested!
Uncle8888 will have another three months to Mar 2016 and then he will be half-naked as self-insured man with some built-in capability to grow his insurance fund with annual no claim bonus so there is nice incentive for himself to groom his aging body farther.
He will be spending at least a few hours a day focusing on personal wellness after his 60. There is no plan to upgrade Medi-Shield Life to Private Shield.
Health is Wealth!
If he manages to avoid any major heart disease leading to costly heart operation, he would save $XXX,XXX before passing his time on Earth. Right?
CW8888: The reason is clear why we pursue financial freedom. It is to grant ourselves the Top 1 & 2 of employees' wishlist for unlimited annual leaves and the most flexible hours. LOL!
More annual leave tops Singapore employees' wishlist: Survey
SINGAPORE: What Singapore employees want the most is more
days off, but their employers have a different view of what they think
their team wants, according to research by recruitment firm Robert
Half.
In a media release on Wednesday (Dec 2), Robert
Half said in a survey of 500 employees, 36 per cent placed more annual
leave at the top of their wishlist, while 32 per cent put down more
flexible hours as their top choice. Professional development
opportunities came in third, with 20 per cent of respondents deeming it
their top priority. Conversely, when 150 C-level employers
were polled, 54 per cent said employees want more flexible hours, while
only 18 per cent said employees would like more annual leave, the survey
stated.
(Table: Robert Half)
According
to Robert Half, 12 per cent of employers thought professional
development opportunities were at the top of their employees'
wishlists.
"Other perks such as childcare, laundry services and
access to fitness facilities all ranked low on the list of the things
employees most desire at work," the recruitment firm said.
Four Pre-Conditions for Retirement I retired in year 2000 at age 52. I am now 61, thus I can claim that I
got more experience at retirement than most! I thought I should share my
experience with mariners because I have seen too many friends and
neighbours who became so bored that they have become a nuisance to their
spouse and children and to others! A few of them have solved the problem by going back to work. They were
able to do so because they have a skill/expertise that is still in
demand. The rest (and many are my neighbours) live aimlessly or are
waiting to die – a very sad situation, indeed.
You can retire only when you fulfill these 4 pre-conditions: 1. Your children are financially independent (e.g. they got jobs),
2. You have zero liability (all your borrowings are paid up),
3. You have enough savings to support your lifestyle for the rest of your life,
AND most importantly,
4. You know what you would be doing during your retirement. DO NOT retire till you meet ALL 4 Pre-Conditions.And of course you should not retire if you enjoy working and are getting paid for it! The problem cases I know of are those who failed to meet Pre-Condition #4.
Uncle8888 has satisfied all four pre-conditions including #1 even though his youngest son will be commencing his 4-years university study next year in May 2016 at STUD instead of working; but since he has already set aside 4 x $25K FD at current $1.8% p.a. so there should be no real financial constraints at the time of his retirement .
But, to wait for another 4 to 5 years to meet #1 is really too far away. This is where extra money can help to resolve #1 pre-condition.
60% of Singaporeans Live Paycheck to Paycheck
-
A recently published report from global payroll and HR solutions provider
ADP featured in a Singapore Business Review article reveals a staggering
truth ...
Top 10 Highlights of 2024
-
As a dragon baby navigating the Year of the Dragon, it is inevitable that I
experienced more downs than ups in 2024. Whether it is at work, familial
rela...
Rolf 2023 in Review, Looking forward to 2024!
-
Happy new year to all. This post came late. But better late than never,
:-). Looking back, 2023 has been one of the most eventful
The post Rolf 2023 in R...
Hello SP Group, I'm Back!
-
Yup, I've moved back to Big Daddy's electricity provider this month.
To recap and have a better sense of context, you may want to read my
previous 18...
Farewell, Uncle CW8888
-
On 8 April 2023, I lost a friend.
To honour the memory of Uncle CW8888, let me share a few nuggets of wisdom
I have learned from him as well as some of t...
To my beloved friend CW8888
-
It is with infinite sadness that I came out from my hiding hole to blog
about the passing of a dear friend, CW8888, whom I affectionately call
senior bro...
Festina Lente Redux - Five years down the road
-
A big apology to the few readers (if any) who read this blog.
About five years so, I had made a pivot to ETF based exposure to a global
financial portfo...
January 2020 - Yaruzi's Portfolio Update
-
I received a sad news from a close family friend in January, two weeks
before Chinese New Year. Our dear friends lost their beloved and only son
due to sic...
Happy new year 2020 and review of 2019
-
Happy new year 2020! Wow! So fast! Another year has passed by..
Year
My Portfolio
(inclusive of capital injections)
My Portfolio (less capital injections)
S...
Being Frugal or Being Cheapskate?
-
Everyone is born with a different spoon in their mouth. Some entered the
world with a golden spoon right up while some are out with a plastic one.
Nonethel...
Get big Muscles with Testosteron improvement
-
Muskelaufbautraining mit Nahrungsergänzungen wie macht man das richtig?
Muskelaufbau ist nicht einfach und schnell, wie es viele Sportler erwarten
geht ...
Frasers Logistics and Industrial Trust
-
Another REIT is going IPO, this times, it's an Australian pure-play REIT
with logistics and industrial properties, Frasers Logistics and Industrial
Trust. ...
Last updated : 24 Sep 2022
I am 66 yrs old uncle living in HDB heartland who has achieved financial independence @ 56 and finally retired @ 60 from full-time job as employee on 1 Oct 2016.
Single household income since 1995 with three children.
Currently, two sons and one daughter are working.
I have been doing 22 years of long-term investing and short-term trading in Singapore stock market only since Jan 2000 so I am that so-called Panda or Koala in the investment world.
Currently, I am on my way to Investing Nirvana - Freehold Investment Income for Life after 23 years of building up Investment Portfolio through long-term investing for growth-dividends and short-term trading on Rounds after Rounds.
I have also achieved sustainable retirement income for life from CPF and Year-on-year Diminishing Bear Market Impact stock Investment Portfolio in local market, SGX! i.e. Beary Safe!
Cheers!
Disclaimer: Stock trading involves significant risks. Create Wealth trader is not a licensed Investment Adviser and will not be responsible for any losses which you incurred. You are advised to always do your own homework before making any trading decision.
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