Most of monthly expenditures are now through Tap and Go i.e. pay wave and credit card payments so the current month expenditure is more or less known when received billing notice for the previous month from credit card. It is a good tool for monthly budgeting to live below our means! Over-spent last month so tighten a bit for current month so that next month will help to lower it! :-)
Read? Investing Made Simple by Uncle8888 (6)
Read? Where does the money come from??? (2)
Uncle8888 also remembered Warren Buffet once said: "The Stock market is a financial redistribution system. It takes money away from those who have no patience and gives it to those who have."
Read? DBS : Bought @ $31.59 For Round 26
Real person! Real data point of one for debating the popular topic in investing - Time in the Market and/or Timing the Market!
Data point of One!
Talking is easy!
Executing is damn difficult!
Time flies fast; but this time is boring! Only consolation out of these two boring years is that he was shown his basic living expenses by Mr. COVID since he is an Ant in retirement planning. Ants love Numbers!
Read? When Your Bank RM Called??? (6)
12 months of interests payment have passed. Another 24 months to go before receiving monthly few hundred bucks till 2040 when the loan period end by surrendering the policy to fully redeem $144K loan.
Let see how fast can interest rate rises in 2022 and 2023!
Walan! Bought back in the same day!
New ATH @ $32.06! DL@ $31.58
Read? DBS : Round 25 - 1 : Sold @ $31.94
Read? DBS : Bought @ $29.78 For Round 25
Last sold @ $24.89
Round 25-1 : ROC +6.9%, 38 days, B $29.78 S $31.94
Read? DBS : Bought @ $29.78 For Round 25
Last sold @ $24.89 but it shot to the Moon!
This round can do better?
Mai bang head again!
Read? Financially Me, It is about Earning, Spending, Saving and Investing (4)
Read? It Is NOT SEXY To Talk About Saving And Earned Income As Investment Bloggers (2)
How many investment articles or blog posts have you came across telling us that our earned income and savings play a critical role in our investment based on luck, skill and war chest (money from savings)?
One picture that tells the full story behind 39 years as employee; and 22 years as Panda retail investor in an uninspiring, boring and zombie SG stock market!
Read? “Shorting” Without Shorting (Short Selling)
Uncle8888 smiles when he read it!
Finally; someone wrote a long blog post on "shorting" without shorting for kiasu and kiasi investors who can't short!
Hmm .. somehow it sounds like Uncle8888's blog mast head on long-term investing and short-term trading strategy to make pillow stocks and on the way to freehold multi-baggers generating investment income for life during retirement!
Read? Pillow Stocks : The Less Stressful Long-term Investing When We Get Some Of Them Right!
Read? Just a few multi-baggers may be enough for your kid's university fund - Updated
Top three Rounds after Rounds i.e. short-term trading on Core positions while HODL!
Buying back could also mean sucking Panadols again on paper losses; but it is just less bitter and sleep better with these pillow stocks!
Read? Kep Corp : Bought @ $5.18 for Round 101
Read? SembCorp Industries (SCI): Bought @ $2.08 for Round 57
Read? DBS : Bought @ $29.78 For Round 25
Even with 100% investment income cashing out from portfolio to support household living expenses since 2017 i.e. 5 years without a single cent of re-investing back to the stock market; Panda's investment portfolio still manage to hit a new all time high record today; and it also shows that Panda investor can have the Cake and eat it too! Bagus!
Read? The Difference Between Smart Financial Advice and Smart Financial Advice For You (3)
Really; this similar to something like ...
Guys! You looked seriously undernourished!
You should be taking more nutritious foods and supplements!
No?
Read? Singtel : Bought @ $2.33 for Round 3
Lim some kopi-O first while waiting for toast bread to be ready! Sell slowly!
Round 2.1: ROC 8.2%, 131 days, B $2.33 S $2.53
Round 1: ROC 3.8%, 110 days, B $2.38 S $2.48
RIP, Sandy the Cat!
Mar 2016 photo of Sandy the Cat!
Read? 圣约翰岛猫咪Sandy去世 岛民游客纷表不舍
Read? Give The Cat A Fish!
Zero overseas travelling expenses in 2020 and 2021!
High medical costs as a private patient (previously on company's Class A medical benefits and down-grading is unlikely as it is better to stay with current specialists)
Health is wealth; but some health issues are not really within our control. Blame our DNA!
If you have been visiting investment/trading forums; you may come across posting by somebody at the forum .. Scare no buy. Buy no scare!
Really true!
Uncle8888's last buying of stock is on Monday, 26 September 2016
Read? SGX : Bought @ $7.46
Scare No Buy over 3 years+ and back to Buy No Scare is on Friday, 21 February 2020
Read? ComfortDelgro : Bought @ $2.01
Buy no scare but sucks Panadols since Feb 20! LOL!
Read? Is CPF really the equivalent of a 60:40 fund ?
Hor! Of course; it is! LOL!
The 35% CPFIS tool is there after AFC when the MIW shifted CPF 100:100 to 65:35 and stop f... MIW for not protecting your retirement fund if you lose your money in your investment!
Friday, 8 October 2021
Read? STI - Snail Pacing Up And Down In Narrow Range
Can STI Snail make it this round?
Saturday, 19 September 2009
Read? Think of Investing in Stock Market as Game of Tug of War
In Children's game of tug of war; it is rather fair on equal number of players on each side; but as retail players in the stock market; it is clearly an unfair game; one side will have many retail players and joined in by heavy weight and powerful BBs. The winners of the momentarily Game will be laughing to the bank at the other side of players as suckers!
Do we know Squid Game's Tug Of War Tactics in the stock market?
When to join which side?
22 years of playing Squid Game's Tug of War in the stock market!
Singapore Man of Leisure 9 October 2021 at 12:20:00 GMT+8
CW,
Lol!
To focus on money management, you need to have money first...
That's why snake-oils have to prioritise Method as that's what their customer base wants - HOW to get rich!
Not how to protect your wealth.
Then again, we have also been transparent when we were climbing up the mountain, we also never focused on money management...
You with your contra trades and over staying your welcome in 2008; me with my margin trading; while others so heavy into properties until banks savings only a few thousand...
Weren't we glad we didn't know what cannot be done then!?
Heng ah!
Reply Delete
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Uncle8888 believe he doesn't have the best luck till now at 65!
Tio 4D First prize - highest $5K 1 Big 1 Small. Buy bigger always tio jiak! Sianz!
Tio ToTo prize. Highest is 4 numbers!
Read? Luck??? When It Comes. Hard To Stop it!
Read? Dumb Luck With Heavenly Trigger!!!
Hmm ... like that then Uncle8888 was unlucky to read that book Rich Dad. Poor Dad at the wrong time and triggered him to seriously started his journey to Get Out of Rat Race when STI was near its high at 2583 and then crashed down to 1198.
He was lucky or unlucky? Not sure but he did learn something very important and practically true!
Moral of the Story : Money but no luck! Buy slowly but keep losing more!
Read? Lucky Or Unlucky When You First Get Started Investing Over Market Cycles
Moral of the Story : Money and luck! Huat ah!
Read? Unexpected Token Of Appreciation From Follower (Ex-colleague)!
How to fight market volatility as retirees who are depending on their investment income?
A practical approach from unexpected lesson learnt in COVID-19 with an unplanned War Chest as one data point case study!
Read? Have you spend enough time thinking on your money management strategies? (4)
We have no control over market volatility!
We either go and fight it or slowly withdraw from it!
How to fight a War against market volatility?
Of course, we need War Chest!
How much is enough?
We have to find out ourselves! No model answer to this question!
Read? Have you spend enough time thinking on your money management stratgeies? (3)
How often have you came across investment articles or blog posts mentioning the importance aspects of money management as part of investing strategies especially during retirement phase across future crisis.
See for yourself!
Pumped in so much money into the market just to maintain!
COVID-19 has validated Uncle8888's money management strategy to sustain his replacement income from his investment portfolio during retirement phase!
Uncle8888 smiles when he read this from investment blogosphere ..
If I can maintain or do better than June 2021 profit consistency for the next 12 months, then I can start to consider switch to become full time stock trader.
If you have successfully switched from 9-5 jobs -> Full time trader OR unsuccessfully going to switch from Full time trader back to 9-5 jobs, would like to hear your stories / experiences / tips :)
It is like seeing his own past. In 2007, he had earned more than his boss and was thinking he could quit his job as employee soon and do full time trading! LOL!
Read? My War Room (7) - The Last Mile
Read? Shocking Truth on some Stock Gurus!
Read? Older men are more likely to panic sell stocks: MIT study
Read? After A Few Market Cycles ... Did More Veterans Learn Something??? (2)
Researchers at the Massachusetts Institute of Technology are diving into the demographics of people that panic sell stocks during a market crash.
Investors who are male, over the age of 45, married or consider themselves as having “excellent investment experience” are more likely to “freak out” and dump their portfolio during a downturn, according to a paper published last month that analyzed more than 600,000 brokerage accounts.
The researchers say their work can be used to create predictive models, which would help identify individuals at risk of panic selling.
“Financial advisors have long advised their clients to stay calm and weather any passing financial storm in their portfolios,” wrote Daniel Elkind, Kathryn Kaminski, Andrew Lo and colleagues. “Despite this, a percentage of investors tend to freak out and sell off a large portion of their risky assets.”
The extreme emotional swings of being a stock-market investor has long fascinated behavioral scientists. While the MIT study didn’t explore why exactly investors panic sell, the intense fear and desire to give up and get out of the market is well-known to any trader.
Countless studies have shown that people are better off staying put in a broad diversified portfolio, yet the promise of big riches and the terror of losing it all continues to drive frenetic trading patterns.
In the study, the researchers defined a panic sale as a plunge of 90% of a household account’s equity assets over the course of one month, of which 50% or more is due to trades.
“Panic sales are not random events,” the researchers wrote, saying its possible to identify clear trends in the data. They found that specific types of investors, such as those with less than $20,000 in their portfolio, also tend to liquidate more often.
“Subtle patterns in portfolio history, past market movements, and demographic profile can be exploited by deep neural networks to accurately predict if an investor will panic sell in the near future,” they added.
Since retiring from his full-time job as salaried employee in 2016; Uncle8888 has transited his yearly goals from growth-dividends to dividends-income and finds that dividends-income yearly goal is easier and within his control to achieve the expected target or at least nearer to target. It is a matter of calibrating his War Chest to to achieve!
2021 is more or less done!
Looking forward to 2022 yearly goal - buy more or trade more whichever comes first!
Now, he can understand why younger investors also choose to set dividend income goals! LOL!
2021 Investment income
Stocks only go up! LOL!
Keep buying!
Actually is ... sianz!
The trick is to keep pumping capital into the market and then stocks only go up!
But for NOT retirees depending on investment income for survival; stocks never go up!
Read? Oceanus : Bought @ $0.035 for Round 5
Oceanus’ exit represents the first time in the history of the SGX-ST, where a company has successfully achieved a “complete turnaround through concerted restructuring efforts”, says Koh.
From Salted fish ---> Sardine ---> Touchstone ---> Multi-bagger?
0.02, 0.035, 0.037, 0.038, 0.041
Read? Turnaround from your chart 2008-2012?
Last night after my sharing session on Optimizing Your CPF talk during coffee break ...
One guy: You all investment bloggers like to make investing look so easy
CW : Did you follow my blog? Since when did I make investing look so easy? Did you see my chart on Win vs Loss?
One guy: Your blog got lots of graphics?
CW: Ya.
Read? You All Investment Bloggers Like to Make Investing Look So Easy
Realized returns from CPFIS is $330K and more realized returns coming next year and yearly passive income over the next decade or more!
But no snake oil product to offer to generate such returns!
Hi Bro CW8888
What do you think of Venture, kept dropping after I bought at $19.77 but collected 2 rounds of dividen d at $500 & $250.
Should cut?
Thanks for your advice.
-------------------------------------
Read? Posts relating to Stop Loss
Stop-loss is for traders and cut-loss is for investor to switch horses.
Are you in pain of seeing escalating paper losses; then you should sell to relieve your pains.
Pains no more! Only regrets after that!
Choose Pain or Regret?
Got Panadols to ease pain?
Read? I score distinctions in my exam but not in the stock market (Refresh)
Read? Mind Flip (7)
Read? Technical Indicators? (5) - Does it really matter in SG stock market?
FA or TA or combination of FATA! Huat!
Uncle8888 is half-past-six or half-baked Panda retail investor and a birdy brain trader! No Stop-loss some more BUT he got ball to decisively and completely WRITE OFF any salted fish to ZERO on his investment performance book keeping and then MOVE ON!
Once these salted fishes are written off. It doesn't matter any more!
Salted fish may turn into zero-baggers or forever remaining positive! Don't care!
FA?
1. Never attend a single AGM over the last 22 yrs
2. Have not read a single Annual Report for last 10 years or more!
3. Just follows news and SGX announcements!
4. Just focus on buying and selling slowly. STRICT POSITION SIZING on own investing capital for any new mistresses so that risks are consistent.
5. Love and re-love old mistresses and slowly add new mistresses and love them all!
50-50
Wrong : Suck Panadols for Sardine or become Salted fish and write off!
Right : Suck Panadols to Touchstone to Pillow (Rounds after Rounds); and then finally Multi-baggers for Freehold/Passive investment income for life
TA?
1. Once Uncle8888 was a crazy TA follower and read every TA books found on NLB shelves and developed customized combinations of TA indicators ! TA indicators work? or Just happen we are at the RIGHT side of Mr Market?
Read? Investing - No minimum paper qualification is required!
2. Simplistic TA charting - Support and Resistance!
Smart people in the market earns smart money!
Dumb people in the market may also earn dumb money! Suck Pandols!
Read? Lost Your Money In Hyflux??? (2)
Read? CPL - Lucky Round Number @ $4 (SOLD)
Monday, 28 January 2013
CPL - Sold ROC 37%
Not the best kind of returns. :-(
Round 18: ROC 37.0%, 1038 days, B $2.90 S $4.00
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Those Hero stocks of 2009 - 2011 that helped to recover from 2007 to 2009 draw-down of - 53%
Top two past heroes are dead!
Noble (Wrote off)
Olam (All sold)
Kep Corp (Top 1 holding)
Semb Corp (Top 2 holding)
Semb Marine (All sold)
Hyflux (Wrote off)
Biosensors (Taken Private)
CPL (Reduce to minor holding) <--- Another forced recovery of invested capital soon to switch Horse!
----------------------------------------------
Hmm .. after cash recovery of $0.951; net investment cost as follows :
Capitalandinvest @ $2.92
CapLand IntCom T @ $1.96
After donkey years of sucking Panadols on CPL paper losses; this Buy & Hold position after restructuring; now no more paper loss. Looking forward to sweet Panadols! :-)
Mr Market is always Right!
Examples
Lehman Brothers Minibonds that are affordable to average retail investors.
Products sold by Big Boys are safe lah! ???
Latest financial snake oil is ...
ONE of China Evergrande Group's main lenders has made provisions for losses on a portion of its loans to the embattled property developer, while some creditors are planning to give it more time to repay, four bank executives told Reuters.
The Chinese banks' measures, reported for the first time, show how financial institutions in the world's second-largest economy are bracing for a possible collapse of Evergrande.
The developer epitomised China's freewheeling era of borrowing and building, with nearly US$305 billion in liabilities across loans, bonds, so-called trust products and money owed to contractors and suppliers, among others.
Agricultural Bank of China (AgBank), the country's No 3 lender by assets, has made some loan loss provisions for part of its exposure to Evergrande, one of the executives said, without giving details.
Meanwhile, China Minsheng Banking and China Citic Bank, two other major Evergrande lenders, are prepared to roll over some of their near-term debt obligations, two separate sources with knowledge of each situation said.
Monday, 23 November 2020
Read? DBS : Round 24 - 1 : Sold @ $24.89
1 year itch!
Waited until neck so long! Later tio whacked and sucks Panadols for long time! LOL!
Hmm.. interesting to see what will happen on Monday as closing spike on high volume on Friday!
That was 11 years ago for Round 41!
Monday, 2 August 2010
Read? SML - Sold $4.05, ROC 5.5%
CW8888: Temasek to take SML private and merge with Keppel O&M?
TEMASEK Holdings will take up 49.3 per cent of Sembcorp Marine (Sembmarine)'s rights issue, which means it will need to make a compliance offer for all shares of Sembmarine that it does not already own.
In a statement late on Friday night, Sembmarine Sembcorp Marine: S51 +1.2% announced its rights issue had closed on Sept 14 with valid acceptances for 15.9 billion or 84.2 per cent of the rights shares on offer. Excess applications were made for 6.3 billion rights shares, or 33.5 per cent of the total rights shares available.
The acceptances and applications include those of Startree Investments, a wholly owned unit of Temasek, for 12.6 billion of the rights shares.
Sinktel - Home-grown CEOs since Day 1; but its share price is way below Singtel IPO @ $3.60 for donkey years despites keep changing home-grown Cats! Time to change to a Black Cat?
As investors; who care whether Black Cat or White Cat? Cat which puts more money into our bank account is Good Cat!
Read? Singaporean Cat Or Homegrown Cat???
Read? DBS : Highest paid CEO in Singapore
Mr Shanmugam brought up how Mr Leong, in his maiden speech in Parliament last year, had professed his "deep disappointment" that DBS Bank was still without a home-grown chief executive, and asked if the PSP NCMP still believes that naturalised Singapore citizens should not hold top positions.
20 years ago in Sep 2001; Uncle8888 believe and bought into Keppel's restructuring story in Round 1 @ $1.32 after Sep 11 WTC when market crash and Keppel made money as No 1 Oily company!
20 years later; Keppel became smelly, oily stock and most hated and has to shake off the smelly and oily business with its Keppel Vision 2030. Again; Uncle8888 still believe and now at Round 101 i.e. 100 rounds more than in 2001! LOL!
Average 5 rounds P.A over 20 yrs!
Read? Yield of dreams: Investors have "a once in a lifetime opportunity" in blue chips (15)
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Sunday, 25 September 2016
Read? You Are Stupid To Lose Money In Your O & G Investment! Blame Yourself For Stupidity!
In Aug 24, 2001
Promising Conglomerates Still Struggle in Singapore
By Richard BorsukStaff Reporter of The Wall Street Journal
Aug. 24, 2001 12:01 am ET
SINGAPORE -- Two state-run Singapore conglomerates have each developed a more attractive story to tell potential investors than what was offered several years ago, but they still aren't receiving reams of rave reviews.
Keppel Corp. and SembCorp Industries are getting more attention than they did during the late 1990s. As well they should, since the two sometime-competitors look significantly different and better than they did during the 1997-98 Asian financial crisis. Many investors avoided the two complex holding companies, often seen as proxies for "Singapore Inc." The unhappiness stemmed from low rates of return, a result of inefficiency and high-cost diversification and expansion from their colonial-era roots in shipyards and engineering.
A series of restructuring and pruning moves has led some analysts and fund managers to regard the diversified companies in a more favorable light. They were pleased last year when SembCorp, whose five core businesses are utilities, engineering and construction, environmental engineering, logistics and marine engineering, sold off its Delifrance chain of French-style patisseries. Meanwhile, Keppel reduced its number of units and untangled a web of crossholdings involving several listed subsidiaries.
While the respective revamps have won the companies some fans, their share prices have at times languished. Interest in the companies was neither sustained nor broadly based. Many Singapore analysts have "buy" or "outperform" ratings on one or both at present, often based on the belief that there's hefty value left to be unlocked. They contend shares of Keppel Corp., which began its restructuring later, can reach about 4.25 Singapore dollars (US$2.43) in the next year. On Thursday, Keppel closed unchanged at S$3.32.
But some fund managers say that, while they welcome change at the two conglomerates, they don't like the odds for a significant rise in their share prices in coming months because they don't foresee short-term gains for equities battered by global markets and the grim outlook for trade-dependent Singapore. After growing 10% last year, Singapore may see its economy shrink in 2001.
Even when economic conditions improve -- boosting some of the infrastructure, property and other businesses that either company is in -- not everyone will stock up on the conglomerates; chilly market sentiment still lingers. Hugh Young, managing director of Aberdeen Asset Management Asia, says they and most Singapore companies are making gains in seeking ways to boost shareholder value. "But we still prefer companies with focus and specialization" rather than diversified interests, he says.
In recent months, Keppel Corp. has moved to both tap locked-up value and to respond to complaints that the holding company doesn't have clear core businesses. It sold its 37% stake in banking arm Keppel Capital Holdings to Oversea-Chinese Banking Corp. , generating an exceptional profit of S$800 million. Keppel Corp. also announced its intention to privatize its listed oilrig unit, Keppel FELS Energy & Infrastructure, making that one of its core operations. In addition, a capital-reduction program will pay shareholders 50 Singaporean cents a share.
Keppel Corp.'s moves and first-half results -- profit rose 21% -- have gotten mixed reviews from analysts. "Restructuring has only just begun" was the title of a bullish note from SG Securities. Its Singapore research chief, Foo Jou Min, calculates S$4.30 as Keppel Corp.'s "breakup value," which means that at current levels the stock can still be considered undervalued.
On the other side, the first-half results led G.K. Goh Securities to downgrade Keppel Corp. to "hold" from "buy." Having sold its banking interests, the holding company now "lacks strong earnings drivers" in the short term, the brokerage firm said.
Analysts agree that SembCorp has found a new driver for earnings, as its utilities division provides power to an increasing number of chemical and other customers on Singapore's Jurong Island. Utilities "is going to be the star as we move on," Chief Executive Wong Kok Siew said last week.
But growth in the energy business will come at a cost, most analysts say. They expect SembCorp will need to raise more cash in 2002, which will increase its debt load. A report by Merrill Lynch, which is "neutral" on SembCorp, says fundraising looks inevitable. One fund manager calls that expectation "a sword hanging over SembCorp." But Salomon Smith Barney rates the stock "outperform" and has set a price target of S$2.20 in the next year. On Thursday, SembCorp rose two Singaporean cents to S$1.61.
Overall, analysts say changes made so far at both Keppel and SembCorp should be applauded. However, in part, because equities in general seem out of favor, "the market isn't rewarding the conglomerates for their restructuring," says Sim Chey Hoon, an analyst at Merrill Lynch.
Another Singapore-based analyst says he believes that even if the conglomerates had done a highly impressive restructuring job, they still would be shunned. Experiences in many countries have left investors "with a feeling that few conglomerates in Asia produce high rates of return," he says.
We often read in blogs, forums or social media Passive income > Living expenses. Pom pi pi!. Can FIRE liao! LOL!
Lean FIRE or replacement income for retirees on dividends may NOT be sustainable over prolong market or economics crisis. We may need Plan B to level up our dividend income! Plan B. How to do that during our decumulation phase?
Lucky or unlucky; Uncle8888 learnt first-hand lesson on the ground after 3 years surviving on replacement income as Panda in local market, SGX and CPF during COVID-19. Now; he no more kpkb on rotting cash in his war chest! That is his Plan B and Plan C is to tap on his CPF RA tap for monthly cash flow:-)
Uncle8888 has to double up his investment costs during this crisis due to drastic drop in dividends from his top 3 counters to sustain his dividend income level!
Read? Stable Consistent Income Versus Variable Volatile Income
Thank you! SMOL for explaining. Read? Freehold Investment Income?
Read? Vision 2028 As Panda/Koala Investor In Local Market SGX - Reaching Investing Nirvana!
Why earned Income is NOT Sexy in the Investment Blogosphere?
How many blog posts in the investment blogopshere mentioning their earned income after tax have generated far more cash than their investment portfolio?
Why? Why? Why?
Singapore Man of Leisure11 September 2021 at 01:13
hyom,
You regular and know my "bawu", so its gloves off!
I shoot my mouth first, then beg for forgiveness...
LOL!
All in good fun :)
For most people, a stable and consistent paying job IS already a safety net!
When we are in our comfort zone, why take risks?
Unless there's a "catalyst".
Read? More related posts
Nothing motivates a man more to embrace risk taking than after getting dumped by his girlfriend for another richer man!!!
To me, safety nets are hygiene factors, not motivating factors ;)
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Is our lifetime of earned income more sexy than our investment portfolio total return?
At least sexy for Uncle8888!
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