Read? Rich As I Say, Not As I Do
LOL!
Many of them have gotten wealthy by selling advice to others rather than by using their own advice. It is a rich irony (pun intended) that the people telling you how to build wealth did not, in fact, build their wealth in that same way. This doesn’t imply that their financial advice isn’t useful, only that we don’t know if it’s useful.
Why? Because personal finance is one of the few industries where you can look successful without knowing what you are talking about. You can be rich and not know a thing about money management. However, this isn’t true in most other areas of life.
For example, find me a bodybuilder who doesn’t work out or a world-class musician who has never practiced. That’s right. They don’t exist.
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Here in Singapore. Same. Same!
Seriously How To Avoid Being Fooled By These Scams, "Gurus" or Trainers
Made 10,000 People Millionaires??? (2)
Till His Death Still No Answer From Him???
No selling free investment webinar
Read? Return My CPF. PayNow!!!
Read? Turning 55 - and enjoying financial freedom (5)
Read? Some CPF Matters : Understanding It Better By Actually Going Through The ProcessTo Do It (2)
Thursday, 22 December 2016
CPF : What can I do for you?
CW : I want to confirm my understanding that I can withdraw all interests from CPF SA and OA.
CPF : You can withdraw interests from SA, OA and MA too.
CW: Pls help to check how much interests I can draw out without touching my SA and OA.
CPF: Wah! You have lots of interests to draw out. It is $XX,XXX. Do you want to draw out now?
CW: :-)
CW: No. Not now. I will withdraw next year on January.
CPF: No. You can't withdraw your interests on January. Your interests credited on January will become your principal. You have no more interests to withdraw. You have to be careful as you will be withdrawing your principal in CPF SA first and then principal in CPF OA. CPF SA is 4% interests. Be careful! You better withdraw now in December. Your interests for November has been credited! Do you want to withdraw now?
CW: No. I will withdraw next year in December.
CPF : You no need the money now?
CW: No need!
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Monday, 13 March 2017
CW : I want to withdraw interests from all my CPF accounts.
Uncle8888 also passed to her this notepad.
CW: Pls help to write down the number. Principal and interests. Thank you!
When CPF lady has written down all the numbers and handed over Uncle8888's note pad.
CW: No MA interest?
CPF: This year MA limit is raised to $52,000. Your MA has not reach the limit so you can't withdraw MA interest.
Uncle8888 has been topping up his CPF MA as self-employed and at the same time to qualify for Workfare. Finally, through his self-employed MA contributions and Workfare from Govt, he managed to reached CPF MA BHS @ $60K in 2020
$24K interests withdrawal from CPF as follows:
No interests withdrawal from CPF MA even he has reached MA BHS @ $60K for 2020!
Walan! This CPF system is really complicated! Even frontline CPF counter service staff answers are not exactly SAME after going through the process of ACTUALLY doing it!
WAKE UP CPF CEO!
Be precise on FAQ and re-train your counter service staff!
Christmas is coming so Uncle8888 is giving out this Secret Formula for free!
This Secret Formula has been tested and verified as true working formula over 21 years across market cycles of Bulls and Bears to create wealth from stock market through long-term investing and short-term trading
Secret Formula = N x (Buy Low. Sell High) + N x Panadols + N x Golden Eggs + n x (Buy - Hold)
Where n << N and Hold = current stock price
For examples
SGX : Bought Back @ $8.89 for Round 8
DBS : Round 24 - 1 : Sold @ $24.89
Wilmar : Round 12 Sold at $4.38 and Average $4.37
Cut your losses short and let your winners run???
Create Wealth From Long-term Investing and Short-term Trading (2)
CW8888: No more fear in the market as greed has taken over and overwhelm any fear left in the market??? Hoot ah!
Brother STI. You no follow ah?
Stocks hit record levels on Friday as traders shook off a disappointing print on job creation in November.
Each of the three major indices reached closing record highs, with the S&P 500’s gains led by energy and financials stocks as a cyclical rotation remained intact. A day earlier, the blue-chip index was pressured after the Wall Street Journal reported that Pfizer (PFE) was contending with supply-chain issues that would impact this year’s deliveries of its COVID-19 vaccine. The drug-maker, along with its German partner BioNTech (BNTX), plans to ship 50 million vaccines by year-end, as opposed to the 100 million it previously expected. It still anticipates handing over more than 1 billion doses in 2021, however, and Bloomberg reported on Friday that the company was closing in on hitting its vaccine target for this year.
Economic data took center stage for traders on Friday, with the U.S. Labor Department’s November jobs reflecting the slowest pace of job growth since April’s record virus-induced drop in employment. Non-farm payrolls grew by just 245,000, sharply missing the 460,000 expected. This deceleration came as COVID-19 cases spiked to record levels last month and new business restrictions came into play. Still, other recent jobs data has surprised to the upside: Thursday’s weekly new jobless claims report showed the first drop in new unemployment claims in three weeks.
As traders and economists look ahead to a brighter 2021, strategists have begun to consider which stocks and sectors might pull ahead in a post-virus economy. Many believe the trends seen in November and early December – with cyclical and value names that had been hardest hit earlier on by the pandemic outperforming – will extend into next year.
“As you move into 2021, there will be broader economic growth, it will be more inclusive, you will see continued fiscal stimulus – I do believe we will get a package. You’ll see the Fed continue. You have pent-up demand,” Brent Schutte, Northwestern Mutual chief investment strategist, told Yahoo Finance on Thursday. “In 2021, you have a market that will move higher, but with different leadership that reflects more broad economy growth. Think the rotation that we’ve been talking about … it’s under way right now and it will continue into 2021. Think value, think small-cap, think emerging markets.”
Read? Is Bull Market Always Creating An Illusion Of Wealth In The Stock Market???
Hi Uncle CW8888, can you help share more from your chart 2008(low) to 2012 (high) what are the methods change/approach you have change for the transition. I am sure some of us here is also suffering from the losses due to the covid situation. e.g did you put in more money(noted your warchest then in 2008 were low) how to overcome? Or you sell the losers and rebalance? Hope to learn from you more. Thank you.
Warm regards,
Question 1 : what are the methods change/approach you have change for the transition?
Read? Rebooting our trading/investing strategies???
Question 2 : Did you put in more money(noted your war chest then in 2008 were low) how to overcome?
Answer : Size of Investing Capital. No change. Nothing change. Not a single cent is added into his investing capital since 1 Jan 2000.
Question 3 : Or you sell the losers and rebalance?
Answer : In last GFC, what was Uncle8888 actually doing in the stock market?
He was busy cutting losses to preserve capital to do horses switching instead of grabbing once in lifetime opportunities to become rich from stocks.
Saturday, 1 August 2009
Read? Major STI market cycles - Horrible Bears and Beautiful Bulls!
Thursday, 31 December 2009
Read? 2009 Year End Performance Review
Wednesday, 1 June 2011
Read? Cut losses - The Truth, The Pain, and The Chance!
Sunday, 30 October 2011
Read? Investing Made Simple by Uncle8888 (29)
Saturday, 14 April 2012
Read? What was I thinking and feeling in Mar 2009 Bear market low?
Sunday, 6 July 2014
Read? The best investors stay hard-headed
Thursday, 1 January 2015
Read? Spending 15 Years in Singapore Stock Market!!!
Tuesday, 25 August 2015
Read? Strengthening War Chest From Our Investment Portfolio???
Sunday, 21 May 2017
Read? After 17 Years In The Stock Market What Is My Greatest Regret?
Wednesday, 7 February 2018
Read? Having War Chest And Deploying Your War Chest Is Two Different Thing!!!
Sunday, 11 February 2018
Read? The Past Is Not Present And The Present Is Not Future
Monday, 19 February 2018
Saturday, 9 May 2020
Read? My Own Psychology Of Losses: Losing Money And Deploying Cash Is Not The Same! (3)
Uncle8888 has learnt his Lesson 1 in the stock market i.e. illusion of wealth in 2007 Bull Market and then after 2009 GFC his Investing Mind has been fully mindful of this illusion of wealth and he knows clearly the difference between Real and Imaginary Parts of his Wealth in the stock market and develop practical Money Management to safeguard and ring fencing from losing a large part of this illusionary wealth back to the next incoming Big Bear! When will it happen again? or never?
Read? SGX : Sold @ $9.31 for Round 7-1
Round 7-1 : ROC +2.2%, 40 days, B $9.08 S $9.31 (Highest price sold)
Round 5 - 2 : ROC +9.1%, 112 days, B $8.48 S $9.28
Round 5 - 1 : ROC +5.9%, 102 days, B $8.48 S $9.01
Round 4 : ROC +8.5%, 6 days, B $8.01 S $8.74
Round 3 : ROC +8.8%, 12 days, B $8.21 S $8.99
Round 2 : ROC +13.6%, 3 days, B $7.46 S $8.52
Round 1 : ROC +12.3%, 61 days, B $6.87 S $7.76
Read? SGX : Bought Back @ $8.78 for Round 7-2
Round 7-1 : ROC +2.2%, 40 days, B $9.08 S $9.31 (Highest price sold)
Round 5 - 2 : ROC +9.1%, 112 days, B $8.48 S $9.28
Round 5 - 1 : ROC +5.9%, 102 days, B $8.48 S $9.01
Round 4 : ROC +8.5%, 6 days, B $8.01 S $8.74
Round 3 : ROC +8.8%, 12 days, B $8.21 S $8.99
Round 2 : ROC +13.6%, 3 days, B $7.46 S $8.52
Round 1 : ROC +12.3%, 61 days, B $6.87 S $7.76
COVID-19 may be appeared at the right time for some of us to learn reality on the ground for both investing and living our life especially retirement life.
You may have heard of this grand idea of retiring overseas at cheaper costs and funded by "passive" income from dividends and rental income from our Singapore assets and CPF.
COVID-19 Real People. Real Story!
He spent most of his time as retiree in his JB's security guarded landed property in JB; but some time he will travel back to Singapore's "home" for short stay.
COVID-19 scared the shit out of him; and luckily he has made quicker decision to move back to STAY in his Singapore's "home" before border shutdown at midnight! But his doggie is still stuck at JB's home!
Luckily; his JB neighbor is kind enough to take care of his doggie!
When is COVID-19 ending; and his retirement life in JB will be back to old days?
Finally; he realized he can't carry on asking for his neighbor favor to take care of his doggie for such a long time. He applied for Doggie Passport to bring back his doggie "home" in Singapore!
What is the moral of the story?
Last GE 2020; what were hot issues from Oppo? FTs and PRs stealing good jobs?
When our public hospitals were also fill up by more sick PRs and FTs; then you will know what Singaporeans will be shouting loud and clear at MIW!
Like it or not! Our citizenship will made us Priority Class in times of COVID-19 or COVID-XX? No?
Second class residents at overseas for limited medical services during crisis! You can shout at their politicians and kpkb?
For retirement planning; we should be preparing to retire at FUTURE cost of living in Singapore; and now we have articles telling you that you can retire cheaper at overseas as second class resident and funded by "passive" income from assets in Singapore.
STI Investing reaches $2b milestone
“Within the STI, the five stocks DBS, UOB, OCBC, SATS and Ascendas REIT have seen the highest net institutional inflows so far this month, with their average 23% gains driven by $1.4b of net institutional inflows,” said SGX.
“The Assets under Management (AUM) of the two STI ETFs took 17 years to reach the $1b milestone in June 2019, and just 17 months to reach the $2b threshold,” reported SGX. “The SPDR STI ETF crossed the $1b threshold for the first time in its history back in June 2020, and the two STI ETFs have seen approximately $900m of net inflows or net unit creations in 2020 to 24 November.”
CW8888: Last year to top up MA as self employed to earn 4% interest rate in MA. 65 in 2021. Sianz! Sigh!
The Basic Healthcare Sum (BHS) is the estimated savings required for basic subsidised healthcare needs in old age. The BHS is adjusted yearly for members below age 65 to keep pace with the growth in MediSave withdrawals. Once members reach age 65, their BHS will be fixed for the rest of their lives.
From 1 January 2021,
1. For members below 65 years old, their BHS will be raised from $60,000 to $63,000.
2. For members who turn 65 years old in 2021, their BHS will be fixed at $63,000, which will not change thereafter.
For members aged 66 and above in 2021, their cohort BHS had already been fixed and will remain unchanged.
BHS is the cap to the MediSave Account (MA) and contributions in excess of a member’s BHS will be automatically transferred to his or her other CPF accounts. A higher BHS will allow for more savings to be kept in a member’s MA for his or her healthcare needs. CPF members do not have to top up their MA if they have less than the BHS.
Optimism over the imminent deployment of a COVID-19 vaccine propelled the Dow Jones Industrial Average above 30,000 for the first time ever on Tuesday, extending a breathtaking rally that’s carried stocks deep into a bull market.
Encouraging developments in the fight against the coronavirus have sent markets on a tear, even as the coronavirus crisis deepens around the world. The Russell 2000 (RUT) index also set a new peak, and the Dow is up over 13% in November — more than 10,000 points higher than the multi-year low it breached in March, when panic over the virus’ spread cratered global markets.
The technology-heavy Nasdaq, which have been beaten down as investors rotate out of “stay at home” stalwarts benefiting from coronavirus-related lockdowns, also posted strong gains. In early dealings, Tesla (TSLA) hit a new record high, and now has a market capitalization north of $500 billion — even before it joins the S&P 500.
Investors also cheered news that President-elect Joe Biden was poised to nominate former Federal Reserve Chair Janet Yellen — who is well regarded by Wall Street — as Treasury Secretary. Markets were also ticked higher on news that the Trump administration would formally begin the transition process, in spite of President Donald Trump’s faltering effort to challenge the vote in key swing states.
“We believe that the recent reduction in political uncertainty in the U.S., though far from complete, is another supportive factor behind the recent stock rally,” said Mark Haefele, UBS Global Wealth Management’s chief investment officer.
Although a relentless wave of new COVID-19 infections has crashed down on the global economy — driving up hospitalizations and deaths in its wake — major drugmakers have indicated that an inoculation is right around the corner.
The future of technology. Seize the opportunity.
Why you will love this
Capture the growth potential of the 30 largest TECH-themed companies listed on the Hong Kong Stock Exchange (HKEX)
An Excluded Investment Product (EIP) listed on SGX, available in SGD and USD
Low minimum investment amount, with trading board lot size of just 10 units
For Initial Offering Period only
S$0 commission from 23 November to 3 December 2020.
Minimum subscription of 5,000 units applies.
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Uncle8888 as Koala/Panda investor now seize this opportunity to participate in HK Tech ETF!
Some more, saved money on commission. LOL!
He has contacted his broker to place an order to subscribe for this IOP. No balloting is required!
Who still say that Panda/Koala investor in SG has no opportunity to participate in overseas market e.g. HK market? LOL!
Nothing really there to shout about his investing and trading skills. Why?
Never switch to Us market and invest tech stocks!
Go to US market if you want to become very rich in the stock market! LOL!
SGX local market return is so bloody bad!!!
So better give up and move to US market to avoid banging his head later!!! LOL!
Follow the Dots, follow the Dashes and follow the Lines. Open your eyes wide and see closely and then.
Chun bo?
When to buy stronger Blue Chips?
LOL!
Read? Mixed reactions to DBS India's proposed takeover of cash-strapped bank
Same animal meh?
It is "merged" with DBS India! Fire incompetent Management!
Got Singtel India meh?
So same same arh?
What is the difference?
Listen to Talking Heads or watching Putting Money Where Their Mouths are?
You follow them lor! LOL!
Earlier in the day, the Dow and S&P 500 posted all-time closing highs. The Dow also notched an intraday record. Those gains came after Moderna released trial data showing its coronavirus vaccine was more than 94% effective, further raising expectations of a sharp economic recovery.
STI following Uncle DOW backside up???
One of the most enduring sayings on Wall Street is "Cut your losses short and let your winners run." Sage advice, but many investors still appear to do the opposite, selling stocks after a small gain only to watch them head higher, or holding a stock with a small loss, only to see it lose even more.
Read? Peter Lynch on His Secret to Superior Returns
All you need for a lifetime of successful investing is a few big winners, and the pluses from those will overwhelm the minuses from the stocks that don’t work out. - Peter Lynch
How about "Cut your losses short and let your winners run"???
No stop-losses! Die pain pain har?
How about to suit those who by nature who like to believe in "salted fish can turn over" one day or one day salted fishes decay to ashes! Maximum loss is 100% of invested capital! Cry until no tears hor!
Cut your losses short and let your winners run
CAP your losses and take Panadols for Heartache AND let your winners run and play round and round with your winners!
It is actually Short-Term trading or Wrong-Term investing AND Long-Term investing strategy! LOL!
Be OURSELVES since we are investing and trading for ourselves . We should be discovering what really work for us!
21 years from Jan 2000 to Nov 2020 across market cycles of Bulls and Bears
COVID-19 New stocks pick over 8 Months from Feb 2020 to Nov 2020
Finally, when market turns around, this strategy begins to show some truth. LOL!
Hi Jacob,
I came across your blog and saw that you have successfully have your financial freedom. I was really curious how you did that as I was hoping for myself to successfully have financial freedom at age 55.
Hope that I can hear from you. :)
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Read? Financially Me, It is about Earning, Spending, Saving and Investing (3)
Read? Who Are My Trainers in Financial Education?
Read? More posts relating to NLB books
Read? Singaporeans snap up properties during worst ever recession
"I know the price will rise", said the 32-year-old, who has spent nearly a decade working in real estate.
Some buyers like Jenny Lin, a 26-year-old accountant, have viewed the pandemic as an opportunity to get on the ladder of the world's third most expensive housing market after Hong Kong and Munich, according to property consultant CBRE.
Read? War Chest As Calibrator To Regulate Cash Flow Across Market And Economics Cycle During Retirement
During good time, we may kpkb our cash in war chest is rotting and earning near zero ROC!
But, when time turned really bad and dividends are cut then only we know What If I have ....
DBS XD today so total dividend income for 2020 is known!
Stocks rallied to record levels on Monday as investors cheered trial data from drugmakers Pfizer and BioNTech indicating their Covid-19 vaccine is more than 90% effective.
The Dow Jones Industrial Average traded 1,563 points higher at the open, or 5.5% and hit an all-time high. The S&P 500 also reached a record, popping 3.7%. The Nasdaq Composite was the relative underperformer, trading 1.3% higher. The small-cap Russell 2000 index gained 4.6%.
The announcement was seen on Wall Street as a sign that the pharmaceutical industry may soon have a viable way to control a disease that has derailed the U.S. economy for much of 2020 and has killed more than 230,000 Americans
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Hmm ... tomorrow morning STI also cheers?
Read? CASH REFUNDS FOR CPF SAVINGS USED FOR PROPERTY PURCHASES. (3)
Real CPF member. Real conversation!
In the financial and investment blogosphere; we always hear Top up CPF to secure our retirement plan, 1M65, 4M65, blah blah!
He is 47 and already fully met FRS in his SA and has no intention to sell or downgrade his residential condo home. He will be taking less talk about which is BRS!
Both, couple will be taking BRS and pledge their property!
For one simple reason.
Why let Government control your money and pay you back in monthly instalments from 65?
My money. Okay!
They want to have better control over their own money and decide how best to use it for whatever reasons e.g. better health and medical care!
LOL!
No snake oil so real life and true heart conversation with Uncle8888! We are all different! Ha Ha!
Data point of one? Think it should be more data points out there!
You have fully met FRS and has fully paid up residential property and no intention to sell. FRS or BRS?
No right or wrong! LOL!
In that speech, apart from labeling the global banking Basel Accords as an “old people’s club,” Ma said “systemic risk” is not the issue in China. Rather, China’s biggest risk is that it “lacks a financial ecosystem.” Chinese banks are like “pawn shops”, where collateral and guarantees are the hard currencies. As a result, some decided to go so big they are not allowed to fail. “As the Chinese like to say, if you borrow 100,000 yuan from the bank, you are a bit scared; if you borrow a million yuan, both you and the bank are a little nervous; but if you take a 1 billion yuan loan, you are not scared at all, the bank is,” Ma said.
--------------------------------
CW8888
When Ant goes globally and has 1 billion borrowers who can't pay back. Now who will be scared har???
Come on SGX traders. Show Uncle DOW, you also have lampar to chase up! LOL!
Read? DBS : Buy and Hold vs Trading on Core Position
DBS Q3 2020 at $0.18
After Point X, Uncle8888 has been doing BOTH i.e. Buy & Hold long-term for Golden Eggs and trading short-term for daily or monthly allowances without fear of losing his hard earned savings.
Stocks only go up?
After Point X, possible?
Despite this, Mr Zaqy asked Dr Lim to spell out WP's minimum wage standards.
"Could I just confirm once again that the Workers' Party's S$1,300 minimum wage benchmark is gross income so that we could settle this and come to an understanding?" he said.
Dr Lim at first said that was correct and a "fair characterisation", but later said that WP's stand was for the S$1,300 minimum wage to mean take-home pay.
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Hmm ... based on WP's definition of minimum wage of $1.3K take-home pay!
Present batch of CPF OA1M65 in 2021/2022 can depend on passive income from their CPF up to 3 times of minimum wage from 65 to 88
CPF OA initial withdrawal at 4.5% giving $3.8K per month and adjust for yearly inflation at 2.5% from 65 to 88 i.e. $6.5K per month!
CPF RA and MA used for medical care!
Even CPF Millionaire couples are living slightly above the minimum wage baseline if they don't have other sources of retirement income other than CPF. So can we still don't invest to build up investment income for life when we are much younger?
Think, think and think!
Why sudden surge of +2.2% in STI today? Last happening in June.
Trigger massive short coverings???
Let see how Boring STI performs today ...
Read? Create Wealth From Long-term Investing and Short-term Trading
Read? Touchstone or Sardine?
Since COVID-19, Uncle8888 has been searching for the next batch of Touchstone; but Sardine or Bloody stone can also be picked up! Uncle8888 is NOT investment Guru!
Bloody Stones - Pain in the Ass!!!
ComfortDelgro : Bought @ $2.01 (2)
Round 12 : Bought Olam @ $1.48
50-50 Bet On Temasek Not Walking Away
Sardines or Touchstone?
SGX @ 8.21, 8.48, 9.08 and 8.78
Keep buying and selling until One day down the road when Touchstones become too obvious to ignore!
It has been Buy, RIGHT, and hold for long term Panadols transforming to Golden Eggs after Point X like those pervious Touchstones!
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