Read? A Mother Will Never Abandon Her Baby! Will Come Back!
This is totally unexpected! It is amazing!
What is a birdbrain?
Birdbrain is stupid?
The Baby decided to come to Uncle8888 man-made nest for another visit and Mummy also couldn't stop it! LOL!
Read? Day 2 : Unexpected Noisy Baby Who Still Don't Want To Leave!
Baby kept crisping and crisping and calling for Mummy !
My mummy is Great!
Mummy can hear your call!
Mummy is coming for you!
Walau! Non-stop chirping! (Calling out to Mummy?). So noisy!
Auntie8888 thought it was outside the window and looked left and right; but no sight of birds!
Funny leh! Chirping non-stop! Walau!
But; when we looked out of window left and right; the chirping temporary stopped!
Walau!
Then Auntie8888 .... LOL!
How could this happen???
I
Read? 4.1m CPF members' balances hit record S$462.1 billion in 2020
Despite the pandemic, the CPF Board reported that voluntary top-ups into the special account and retirement account also reached a new high at S$3 billion in 2020, having jumped 39 per cent year on year from S$2.15 billion. More than one-third of these members were topping up for the first time.
CPF members invested S$17 billion of their ordinary account savings and S$5.5 billion of special account savings last year, under the CPF Investment Scheme.
Of the 40,000 active CPF members who turned 55 in 2020, 63.6 per cent were able to set aside the Full Retirement Sum for their cohort, or set aside at least the Basic Retirement Sum while owning at least one property.
Uncle8888 is more concerned over future investment losses than inflation! Investing is never a sure way to fight inflation hor!
Which is more scary?
For those who still believe that Magical Wands from your "Gurus" can SKIP!
Stock picking is part science, part art, part luck, part intuition, and always uncertain - "not precisely knowing." (Who say it? Forgotten)
Read? Wise Words Series - Part 3
Read? How many bank accounts should you have? An expert says 4 is the magic number
An expert said so!
Uncle8888 said 4; but carry no weight! LOL!
Tuesday, 20 October 2009
Read? Earning more than your boss?
Time for Ah Q thinking and smiles!
CPF balance higher than our boss?
Be much better CPFIS investor than our boss; and one day our CPF balance will catch up and overtake them! LOL!
Read? Just like our Work Income, Annuity Income is Addictive
"An annuity income stream worked better than an investment portfolio because even with an investment portfolio, we lack confidence the portfolio income will last us a lifetime."
"The problem for Singaporeans is… other than our CPF LIFE annuity income, there aren’t any private immediate annuity plans."
Hmm ....
Is there a problem for Singaporean?
Join 1M65 or 4M65 movement! No problem liao? LOL!
1M65 for lower spender and 4M65 for higher spender!
To be even better than this 1M65 movement; try upgrading yourself to 1M65+++ and supplement your fixed income from CPF with variable investment income from your investment portfolio for discretionary expenses and to fight year-on-year inflation!
Problem for Singaporeans solved?
Like current raging Bull in US mkt now; nothing seen stoppable!
In 2006 to 2007; Uncle8888 also felt the same; don't worry; the party is not ending and FI is coming soon!
Bull Market is likely to make us to think that we are way smarter than Mr Market; unless we have at least went through one full market cycle to validate ourselves i.e. Bull-Bear-Bull or Bear-Bull-Bear!
Beware of illusionary wealth in the Bull market till you convert the illusionary wealth into something more solid or less volatile!
Read? My War Room (7) - The Last Mile
In fact; in 2007 Uncle8888 was smiling to himself whenever he was thinking that he was earning more than his boss! May be his boss also earning more than his boss! LOL!
Read? Earning more than your boss?
Read? Now It Is Alright For Him To Ask
Read? Time in the Market > Timing the Market??? (5)
Read? Time in the Market > Timing the Market??? (4)
Uncle8888 knows clearly the difference and see through the debate on Market Timing vs Time in the Market through his daily tracking of investment portfolio across market cycles over the last 22 years!
Read? Me too: Lian Beng (2)
ON Monday, the Ong family which controls civil engineering and construction group Lian Beng announced a mandatory conditional cash offer at 50 Singapore cents per share, following a married deal.
The family had, through its investment holding company Ong Sek Chong & Sons, acquired nearly 5.9 million shares or about 1.2 per cent of the total number of issued and paid-up ordinary shares issued by Lian Beng Group.
Prior to the market acquisition, Ong Sek Chong & Sons and its concert parties held about 43.6 per cent of voting rights in Lian Beng. With its recent acquisition of more than 1 per cent of shares in Lian Beng, it was required to extend a mandatory offer.
The offer price represents a premium on the last traded price of 47 Singapore cents on June 11, the last trading day, the announcement said.
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Kena forced selling by Ong family! Accepted the offer via electronic form submission and switches recovered capital to cover Olam right issue.
Bought $0.575 and mandatory offer @ $0.5 . Realized capital loss $0.25
Net gains after 13 yrs of sucking Panadols from Ong family is 1.8% annual yield. Worse than CPF OA 2.5% compound interests. KNS!
AGRIFOOD giant Olam International on Tuesday posted a 13.1 per cent drop in profit after tax and minority interests (PATMI) to S$155.6 million for the first quarter ended March 31, from S$179.1 million the year before.
The group also announced a three-for-20 rights issue which has been priced at S$1.25 per share. Olam expects to raise S$601.7 million in gross proceeds, which will be utilised to repay the debt used to fund its US$950 million acquisition of Olde Thompson last month.
Read? Olam
Upsize Olam Round 12 by 16% and its holding price down by 2%
Next one tio upsize will be SML dividends in specie from SCI!
Read? Climbing your investing or corporate ladder? (4)
A loser in climbing the corporate ladder and finally it ended on 1 Oct 2016; but at the same time Uncle8888 has also climbed the investment ladder right to the top of fully grown Money Tree from SGX and the Fruits now seen like low hanging fruits to be plucked and put away into household living expenses. No re-investing of any dividends and trading gains if any!
Alamak!
This is Uncle8888 plucking money from his fully grown SGX Money Tree and harvesting its fruits for household expenses! LOL!
Read? Kep Corp : 15th Year Anniversary Of Long-term Investing and Short-term Trading As Retail Investor!
Monday, 12 April 2021
Read? Kep Corp : Bought @ $5.48 for Round 99
Thursday, 16 October 2014
Never transfer CPF OA to CPF SA when much younger is a financial mistake?
Many younger retail investors will have this dilemma!
Among the practicing investment bloggers in Singapore; it is also split!
Listen to who when we are lost ourselves!
On hindsight wisdom; Uncle8888 now thinks that his big mistake is to make a "transfer from CPF OA to SA" and even it is just one and only one time; if not his CPFIS as war chest would be even bigger and then huat more in the market!
On hindsight we are more likely to be right! No?
Can hindsight make us better going forward?
Read? Am I worry about worthless 4 RM HDB at the end of 99-year lease?
Let assume average Uncle8888's HDB 4 room rental is about $1K per month from 1987 to 2020 and over 34 years of rental expenses is 34 X 12 x $1K = $408K
He has already saved $408K - $55K = $353K!
Mr Market is never fundamentally or technically logical???
Today; SML crash due to 3 for 2 right issue!
How is the damage done to those holding SCI and 4.911 SML dividend in specie?
Uncle8888 has both SCI and Kep Corp as buy and hold for last two decades and let see what happen next to Kep Corp upon distribution of SML dividend in specie.
Monday, 2 August 2010
Read? SML - Sold $4.05, ROC 5.5%
Last sold 11 years ago for Round 41 and now abandoned child by their parents - SCI and Keppel to Uncle8888 to carry this baby forward or dump it again?
Is the wait for Temasek to bring down to one and only one smelly and disgusting O&M stock in its portfolio over?
For Temasek; it is just left to right pocket transfer. No?
Will Kep Corp do a price recovery like SCI?
Read? After Point X .....
After Point X, the joy of Panadol investing to ease heartache will transit into lifelong joy of Funadol investing as one source of retirement income on top of CPF in Singapore. Truly passive income! No?
Health care and medical expenses can never be cut or reduced and will be increasing year on year when we started declining from our health peak i.e. one way down till grave!
COVID-19 provides the number for Uncle8888 to survive in Singapore as HDB heartlander!
Hmm .. coffeeshop mee siam stall up its price from $3 to $3.50 and that is 17% increase while mee rubus stall still remains at $3. Let see for how long mee rubus stall will maintain at $3. Don't monkey sees. Monkey does!
Mee siam and mee rubus. What are the major difference in raw costs?
Mee rubus - yellow noodle cost more than white bee hoon?
Hard-boiled egg and tau pok. Same!
Mee siam sauce costs more than mee rubus?
Okay! Onwards more mee rubus to fight inflation. LOL!
Inflation rate at hawker stalls, food courts and coffeeshops more scary than official inflation rate!
Read? Just a few multi-baggers may be enough for your kid's university fund - Updated
Uncle8888 is a stupid passive income hog!
A taste of source of passive income flow will grow more stupidity in the investing mind! No?
1M65 in Sep 2021. More passive income coming soon!
Stocks fell on Friday, with the Dow Jones Industrial Average posting its worst weekly loss since October, as traders worried the Federal Reserve could start raising rates sooner than expected.
The blue-chip average dropped 533.37 points, or 1.6%, to 33,290.08. The S&P 500 slid 1.3% to 4,166.45. Both the Dow and S&P 500 hit their session lows in the final minutes of trading and closed around those levels. The Nasdaq Composite closed 0.9% lower at 14,030.38. Economic comeback plays led the market losses.
For the week, the 30-stock Dow lost 3.5%. The S&P 500 and Nasdaq were down by 1.9% and 0.2%, respectively, week to date.
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Uncle DOW is falling down and STI is narrowing down its safe distance?
Long time, no wild swing! About time to get wild like animal spirit in the market?
HIGHER INCOMES
Resident households saw their average and median monthly household incomes from work increase over the decade.
The median figure rose by 3.3 per cent per annum from S$5,600 in 2010, to S$7,744 in 2020. After adjusting for inflation, median monthly household income from work rose by 1.9 per cent per annum in real terms.
Factoring in household size, income per household member rose from S$1,638 to S$2,463 in the same period – a 4.2 per cent increase per annum, or 2.8 per cent per annum in real terms.
Growth in household incomes was also seen across all three major ethnic groups.
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S$5,600 in 2010, to S$7,744 in 2020 = 38% increase!
How did Uncle8888 perform as dead wood employee from 2010 and retired in 2016?
From 2010 to 2015 is 26% increase!
Lucky; he has a mind flip in 2000 and diverted more time and effort into Investment Quadrant!
Read? Mind Flip (5) Share
In investing; there are many roads to Rome; but Uncle8888 as Koala/Panda retail investor only knows one Road to his Bank!
Spur commented on "Sembcorp Ind + 4.9 SML in specie Is Greater Than Sum of parts for Semcorp Ind with 61% SML holding ???"
Jun 2, 2021
Hi Uncle8888, The 8th ed. of Winning The Loser's Game is out. Think you've read the previous editions liao. 😉 Some nuggets from this article about the book: - More important than understanding the market is to understand who you are. "If you don't know who you are, this is an expensive place to find out," Adam Smith famously wrote in The Money Game. - Ellis' key insight for investors is this: The winner is the person who makes the fewest mistakes. To make the fewest mistakes, focus a little less on returns and more on managing risk, particularly the risk of serious permanent loss. I think the main thing new for this latest edition is a chapter on longer duration bonds ... and the conclusion is that they're bad for long-term holding at current prices. Another unspoken conclusion from this article is this: To beat the market on a long-term sustainable basis, you may need to focus on companies/things which are not mainstream & certainly not in the news or covered by 20 bank/broker analysts. 😛
Read? Winning The Loser's Game (2)
CW8888: More important than making fewest mistakes is don't ever make a few large permanent losses which may make us chopped our fingers and never touch the market anymore!
Read? Luckily, Me in Merdeka Generation Didn't Start Younger To Invest/Speculate in My 30s During 1990s
Read? Lost Your Money In Hyflux???
Read? 3M's - Method, Money, Mind (6)
Read? 'People are gullible to believe whatever’s told to them': Inside the mind of an ex-scammer
In Jon’s case, his scams involved timeshare membership - a ‘vacation package’ where one pays in advance to use a resort or hotel overseas for a period of time at a price below the market rate. He had conned victims into believing they could recover money from terminating their membership.
But he believes no matter the scam type, victims share similar characteristics that might make them more susceptible to scammers who tend to be “very good in human psychology” and know how to “trigger emotional states”.
WHO FALLS PREY?
Greed is one notable characteristic.
Jon recalled a bulk of his victims as “rich, but want to save so much”. Couples, especially the newly wed, also tended to be more greedy when it came to affordable holidays.
“They would start asking us, how much would it cost to bring my parents or if I were to go every six months? What is the discount? Usually we don’t tell them these things (upfront), but when we observe their eyes light up as we do the price comparison, we know they’re greedy,” he said.
“For young couples, we’d mention the product they purchase can be passed down to future generations. We told them if there were inflation, prices would go up, but this holiday price will stay the same. Now when I think back, that line is very stupid.”
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Read? Better safe than sorry: Resist urge to invest in too-good-to-be-true schemes
Be careful of "kind" people who voluntarily stepped in to help us when we are kena scammed! Red flag! We kena scammed before could mean that we have flagged out as easy prey for the next scammers!
Real People. Real Losses
CW8888: Time-sharing scam; one ex-colleage lost money his money. One agency stepped in and called for a meeting for investors to put up $5K each and collectively the agency would have enough fund to fight the case and retrieve some lost money.
The Agency subsequently also disappeared.
Beware! There are scammers looking for a kill and scavengers looking for your dead bodies too.
Read? Is 2.5% CPFIS Compound Interest The Nano eighth wonder of the world???
Singapore Man of Leisure 11 June 2021 at 10:30:00 GMT+8
CW,
Anyone looking at your slides and say CPF offers better compounding got to be terrible in math...
Or maybe you are getting better at snake oil!!!
Spur 11 June 2021 at 15:11:00 GMT+8
Hi Uncle8888,
Err 2.5% means doubling your money in like 29 years.
No, I don't think that qualifies as 8th wonder of the world, nano or otherwise. :P
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Okay! Tone down the snake oil!
Not sure anyone following 1M65/4M65 articles came across mentioning something similar to this?
The real power behind the compounding interests in CPF is what?
See for yourself!
Did you get it?
What is that Real Power behind Compounding Interests in CPF?
Your answer is .... ???
If you regularly visit investment bloggers; you may notice the similar real power behind the compounding power behind their investment portfolio.
That is the real power of compounding wonder!
No?
Read? COVID-19 vaccination: Why some seniors are holding back, and how a little nudge can help
Uncle8888 is one of them!
1st dose Pfizer on last Tuesday!
Mild sore feeling at injection area and slight pain when lifting arm up and no other discomfort!
Day 3 back to normal!
Older people less side effect? Weaker immune system and not fighting hard ah?
Auntie8888 went today!
We practice risk management as we can't afford to have two sick persons down with pains at the same time! LOL!
Albert Einstein is reputed to have said, “Compound interest is the eighth wonder of the world. He who understands it, earns it; he who doesn't, pays it.”
What happened to Uncle8888's kiasu and kiasi attitude when comes to re-investing his CPFIS by waiting for the next BIG market crash but it never come since 2009? Aiyah!
Somehow; then he realized the power of nano 8 wonder of the world in CPF OA 2.5% compound interest by looking back at data points! On hindsight; we are wonderful. Right?
Hmm .. can younger CPFIS members be passive investors for a few decades by collecting Pandaols through the Nano 8 wonder of the world as additional source of retirement income?
Right and hold passively for long term?
Read? Yield of dreams: Investors have "a once in a lifetime opportunity" in blue chips (15)
Read? Ruffer Turned Bitcoin Investment Into a $1.1B Profit in 5 Months: Report
CW8888 : The hopeful millionaires in the Future are providing their dream money to real millionaires now!
U.K.-based Ruffer Investment Management made a $1.1 billion profit in five months from investing in bitcoin, according to a published report
A Ruffer investment director said the firm sold its bitcoin because younger people would not be spending so much time trading now that the lockdowns are ending, according to The Sunday Times report.
“When the price doubled we took some profits for our clients in December and early January. We actively managed the position and by the time we sold the last tranche in April the total profit was slightly more than $1.1 billion,” Hamish Baillie, the investment director, said.
The firm invested 2.5% of its $27 billion portfolios into bitcoin in November and took profits earlier this year as the cryptocurrency more than doubled to around $40,000.
In February, Duncan MacInnes, the co-manager of Ruffer Investment said the firm had around $700 million left in bitcoin as the company reported a profit of $750 million overall.
Ruffer made its bitcoin purchase via One River Digital and Coinbase.
Read? Investors can learn a critical lesson from Sir Isaac Newton
Can it happen in SGX; then some of us may huat from this madness!
Read? Keep your itchy hands off your CPF Investment Account!!!
Read? I score distinctions in my exam but not in the stock market (Refresh)
Read? How Soon Should You Start Investing Your CPFIS And SRS?
Read? How I Accumulate $1M In CPF OA! (Update)
Hmm .. Uncle8888 is never a Gamer! Never see CPFIS as Game Token! Heng ah!
Counting the opportunity cost as market timer after kena badly hurt in GFC 2008 Big Bear!
LP also shrunk after that as there is no free lunch in the market!
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