Why Do We Want To Retire Early or early?

More and more new bloggers into the cyber world preaching financial independence and retiring Early or early.

FIRE (in late 30s, 40s or early 50s) or FIRe (in late 50s or before official retirement age @ 62 or 65 soon)

Unless we have some goals and plans to do and the execution of these plans to meet our goals have been limited by the amount of our annual leaves and Singapore public holidays and we need to have more free time to meet these goals; otherwise, why should we retire Early or early?

Voluntarily early retiring can be boring unless our day job is so stressful or so boring then it is better to retire so that we don't waste our life and harm our health in the office.

What do you think?

 

Two types of investing

There are two types of investing, according to the departing partner of hugely successful and secretive hedge fund Baupost Group: "needle in a haystack investing" and "tide comes in and tide goes out investing."

One type takes rigorous work as you search for a small number of opportunities. The other, "chutzpah."

As a fisherman, Uncle8888 has the necessary patience for this type of investing -  "tide comes in and tide goes out investing."

Less Analyzing. More Investing - CW8888

Many financial and investment bloggers love  "needle in a haystack investing" 

More analyzing. Less Investing (i.e. less turnovers will mean more right analysis)

 

Read? A letter gives a rare glimpse into one of the world's most secretive — and most successful — hedge funds

Luck In Buy Out or Taken Private???

Like typhoons or earthquakes, they are such natural happening depending on where one lives. 

Luck element? when we huat from buy out or taken private.

Uncle8888 thought that these are natural happening in the stock market like typhoons or earthquakes when one stays in the stock market long enough. 

So far Uncle8888 has encountered quite number of lucky and unlucky ones:

Luck:
 
1. Tat Lee Finance
2. Tat Lee Bank
3. Keppel Bank

4. SPC
5. SingFood 
6. Synear
7. Biosensors - coming soon!


Unlucky ones that went to zero:

1. FerroChina
2. JurTech



 

Medical Bill Shock???

Why medical bill shock?

Thought we are informed before hand; but we still "blur blur" sign for it when we should NOT opt for higher grade as we want to be frugal?

Uncle8888 is on company medical benefit on co-payment scheme i.e. 10% person and 20% for dependents; so far it has been No Thanks! Class B1 can liao!



 

Biosensors surges more than 20% on Citic's offer to buy rest of company

By Benjamin Tan / theedgemarkets.com   | November 4, 2015 : 12:29 PM MYT    

 

 

Read?  Biosensors - Sold @ $1.35 at ROC 30%

 

CW8888: Ex-founder sold @ 88 cts to Autumn Eagle. Forced game over for Round 5. What is a waste in years of waiting for multi-bagger pillow stock that failed to happen! Super sianz!

 

SINGAPORE (Nov 4): Shares in stent maker Biosensors International Group surged more than 20% on Wednesday following the news that a private-equity arm of Citic Group Corp has agreed to buy the rest of the Singapore-listed company for about $1.1 billion.

Biosensors was trading at 81 cents, up 13 cents or 19%, at 12.24pm, after hitting 82 cents earlier. More than 17 million shares changed hands.

Citic Private Equity Funds Management Co, which already controls about 19.6% of Biosensors, is paying 84 cents a share for the stock it doesn't already own. The price is about 24% higher than Biosensors' last closing price of 68 cents

Enjoying The Present?

So true!

We should when our body is still healthy!

Read? "Early" Retirement???

Real People. Real Case Study!

"With his heart problem, he said he can't really do much with his lots of spare time."

That is life!  

The sad truth of life when we forgot to enjoy the present till it is too late!




 

 

Wealth Formula : Balancing Act!!!

Once we get older, our legs are getting softer so there is a greater need to perform better balancing act to avoid falling!



Wealth = Asset Value + Cash Flow

and the balancing act Uncle8888 has to perform during his retirement phase ....

DBS Q3 net profit up 6%, beats expectations on higher margins

SINGAPORE: DBS Group, Singapore's biggest bank, on Monday (Nov 2) posted a 6 per cent rise in third-quarter net profit, beating expectations as higher interest rate margins boosted net interest income by 13 per cent.

DBS said net profit came to S$1.07 billion for the July to September period, versus S$1.01 billion in the same period a year earlier and above an average forecast of S$994 million from six analysts polled by Reuters.

The bank also booked charges of S$50 million to its trading income due to what it called "funding valuation adjustments" to the fair value of over-the-counter derivatives.

Earnings are slowing for Singapore banks as loan growth decelerates due to a sluggish economy, a weak property market and the lacklustre trade finance business.

United Overseas Bank last week posted a 1 per cent drop in quarterly net profit, while Oversea-Chinese Banking Corp saw a 7 per cent increase in core third-quarter net profit, but also showed a spike in bad loans.

- REUTERS/cy

16 Years of doing short-term trading and long-term investing in SGX. The Records!!!

After 16 years of doing short-term and long-term investing in SGX, what else can Uncle8888 really show ....




His 16 years of past records.


About 9.X cm high! 

Enjoying The Present???

Feel like eating again!

Just go to JB even though he knows very well that during weekends; it will be very crowded. Lots of time will be wasted in queuing and waiting.

Ya! Enjoying the present since we have plenty of time to waste nowadays.

Even ta bao fishcakes from another shop; but eat them at the fish soup resturant. :-)
 

 

Create Sustainable Retirement Income For Life - The Final Countdown!

Uncle8888 knows too well that he can't replace his earned income with passive income. No way! But, it is still possible for him to adequately cover his expected household expenses and also to overcome future inflationary impact till 2038 (81 yrs old).


Based on Historical Annual Household Expenses of 5 Members since 2002 ...

The funding for sustainable retirement income for life ....

Getting to the desirable state with three taps solution ...

Uncle8888 still have one year to get it done. No hurry as 5.8% yield is not that difficult to achieve.


Tap 1 : Interests

Tap 2 (Safety) : Interests 

Tap 3: Dividend Income from Investment Portfolio of stocks from SGX. War Chest @ 54%

"Early" Retirement???

Yesterday was Friday again!

Following TGIF lunch break, Uncle8888 met his ex-colleague who went for "early" retirement in his late 40s due to poor health condition. 

He is taking a break to see whether his irregular heartbeat is due to work-related stress or not. He then realized that not working is boring but working is stressful! 

With his heart problem, he said he can't really do much with his lots of spare time.

To do or Not to do also die!

He repeated a few times during lunch.  Health is Wealth!


BTW, he sold his investment property and 5 Rm HDB flat in Bishan and bought one condo for residential before deciding for an "early" retirement or taking a break.


Many financial and investment bloggers are talking about early retirement in their late 30s and 40s; but, not sure how many of them are truly prepared to take out the boredom of their unscheduled time?

How boring 'secret' to being rich (3)

Read? How boring 'secret' to being rich (2)

For employees in corporation, how do we know we are over the high point of our career?

In our 40s, we just need to count the number of younger peers or ex-juniors overtaking us in climbing the corporate ladder. 

1, 2, 3...

How many count do we need to continue in this self-denial mode when we reach mid 40 or late 40s that we are not over the high point?

 

Oct 2015 has ended Today. So does STI History Lie to you???

Read? High Chance Of STI Bottom in Oct 2015 and Rebound. Who says? History said it may happen!


Don't laugh first!


6 out of 11 STI past Bear Market rebounded either in the month of Sep or Oct!

That is 55% accuracy!

So it is up to you accept it or not whether STI History has lied to you!

OSIM 9M: OMG! Daily share buy back by OSIM

36% of today volume was buy back by OSIM @ $4.6M

Can OSIM kill the Bears with its balance sheet?
 

Summary of Sembcorp’s 9M2015 Financial Results

Turnover at S$7.1 billion, down 13%

Profit from Operations at S$825.3 million, down 10%

Net Profit at S$488.1 million, down 13%

EPS at 26.3 cents

ROE (annualised) at 11.1%

*Profit from Operations = Earnings before Interest and Tax + Share of Associates and JVs’ results (net of tax).

OSIM : 9M OMG!!!

The last three quarter result: OMG and players change hand!

OSIM 9M

How boring 'secret' to being rich (2)

Read? How boring 'secret' to being rich



At yesterday lunch, this young FT who turned Citizen came to join me. We conversed in Chinese about career and investing. This is Uncle8888 first time talking about investing in native Chinese language. Ha Ha!

He realized the nice thing with Chinese words. It sounds alike and true too!

In our 40s, we should better be wise enough to know where are we heading in our career development and which path to take before we realize it too late to make adjustment for significant future outcome ...

  

Touchstone or Sardine? (2)

 Read? Touchstone or Sardine? (About time to do a refresh)

No! We can't really find Touchstone. We can only try to recognize them when they are appearing like one.

At 4.2% yield, Uncle8888 is quite happy to wait and see whether he has found the next Touchstone?

Tomorrow Q3 result.

NEA, Hyflux-Mitsubishi consortium sign waste-to-energy services deal

THE National Environment Agency (NEA) on Monday signed a waste-to-energy services agreement with a consortium comprising Hyflux and Mitsubishi Heavy Industries (MHI). 

The consortium, through its project company, TuasOne Pte Ltd, will build Singapore's sixth waste-to-energy (WTE) plant and will provide waste-to-energy services to NEA over a 25-year period from 2019 to 2044.

Hyflux owns a 75 per cent stake in TuasOne while MHI owns the remaining 25 per cent.

The plant will be Singapore's largest. It will have a capacity to incinerate 3,600 tonnes of waste and generate 120MW of electricity per day. It will also be the most land-efficient, sitting on 4.8 hectares of land. 

Construction work is expected to start in early 2016 and end in 2019.

STI vs. DOW

Will the Red Camp play catch up?

Quite a climb to do it!

Earned Income From Human Asset vs. Create Wealth From the stock market (SGX)

Read? The most important chart in CW8888's blog to remember on Wealth Formula!!! (2)

 

“When one door closes, another opens; but we often look so long and so regretfully upon the closed door that we do not see the one which has opened for us.” - Alexander Graham Bell

CW8888:

Let see when this door closes on Sep 2016, the other door that was opened since Jan 2000 will lead to where?