As from April 2013 my Journey in Investing is to create Retirement Income for Life till 80 years old for two over market cycles of Bull and Bear.

Welcome to Ministry of Wealth!

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.

Think Investing as Tug of War - Read more? Click and scroll down

Important Notice and Attention: If you are looking for such ideas; here is the wrong blog to visit.

Value Investing
Dividend/Income Investing
Technical Analysis and Charting
Stock Tips

Tuesday, 28 March 2017

Give Me One Last Chance!!!

Give Me One Last Chance!!!

Why it is good to exclude our residential home as part of our net worth's assets?

When our smart financial planning failed so badly towards the end of our time. What is the moral story of that picture?

How much is actually in that Piggy?

Nobody knows until it is broken!

Whatever it is; it definitely help!


Give Me One Last Chance!!!

Your STI Chart Is Too Cheem!!!

Is this one still cheem?

Monday, 27 March 2017

Are Dividends Good?

Sometime, while reading newspapers article relating to investing stories; we may wonder whether it is just theoretical assumption of investors or in real life there is one such retail investor?

The newspaper mentioned about Keppel investors on their past dividends they have received. They should have little to complain.

Uncle8888 has no complaint!

One of The Best Hedge Fund Titans Also Can Lose Money

Multibaggers Defined

Read? Multibaggers Defined

A multibagger is an investment that has gained several times its original value. Each "bag" represents your entire original investment. So if you invested $5,000 in a stock and your holding is now worth $10,000, you have a two-bagger. If it continues to appreciate and is eventually worth $35,000, it's a seven-bagger. At $50,000, of course, it's a 10-bagger.

The idea of a multibagger is thought to have started with Peter Lynch, who referred to "10-baggers" in his seminal investing book, One Up on Wall Street. The term stems from baseball, in which players rack up "bags" by running around the bases.

Voluntarily Cash Top Up To Our Children CPF Account When They Are Young For Compounding Interests

Hmm ...

One reason Uncle8888 recently came to know : Lock up this money in the CPF system till their children reach 55 so they can become richer with parental cash support.

Do they mean that they are going to leave behind very LITTLE or NO inheritance for their children?

Which is likely to be larger?

Inheritance or CPF when their parents have so much surplus cash to think of topping up their children CPF accounts?

Looking at Pennies; but forgetting those Pounds to be picked sooner than expected?

Okay. They also mean they will set up Trust to protect the Inheritance too.

Then this is smart financial decision!

The last time Uncle8888 checked with OCBC Trust; we need minimum of $5M to set up this private Trust. :-(

The Investing Stories Behind Singapore's STI Blue Chips

Read? Uncle Chua's School of Long-term Investing??? (2)

Read? Grand old investor and gambler???

CreateWealth8888  27 February 2014 at 08:27:00 GMT+8

When to start buying?

One grand old uncle (80+) told me this. The same old uncle who held APB for XX years and lost count of how much money he has made.

When you see both ST and Zaobao showing at the same time large graphical of global market crashes at the front page.

This is the time to start buying slowly.

Ah Peh, you chun bo?



Unlike those days it is impossible to leave behind Investor Collector Items for the world to read and judge for themselves on their investing stories as there were NO records to show how they did it. 

But, these days are different; hobbyist PF bloggers can leave behind traces of their investing journey until they stopped blogging.

Uncle8888 will need another two more market cycles to trust, verify, and validate (1) In long-term investing, your account size really matters and (2) Less analyzing. More investing.

Read? Hey! Are you good at stocks? (2) Good to Refresh

Successfully completed three cycles of 

a) Bull-Bear-Bull 


b) Bear-Bull-Bear

Awarded Ph.DSM (Ph.D in Stock Market)

8 years of waiting for the course for Ph.DSM (Ph.D in Stock Market) to start and how long more to wait?

It is real test of patience and discipline!

This will require something else to keep the patience and discipline intact. So it is not that easy do it while the Bull is still running!

Sunday, 26 March 2017

8th Year Into Waiting For Mr. Bear ....

krz md26 March 2017 at 15:52:00 GMT+8

uncle, what % is in your war chest?

Malu. Poor market timer!

Kiasu and kiasi!

So what is his plan to deploy his War Chest?

As Blue Chips Uncle; it is not that difficult to decide how to do it.

STI index will guide his deployment plan with Bell Curve across the Fall of STI.

STI is crashing!!!

How can we still stay calm?

Learn from ancient wisdom:

 If you have a worry problem, do these three things: 

1. Ask yourself: “What is the worst that can possibly happen?” 

2. Prepare to accept it if you have to. 

3. Then calmly proceed to improve on the worst.” 

(Carnegie 49)

Uncle8888 did a stress test on his investment portfolio and the worst case scenrio is ...

The Past. The Present and The Future!

Do take note that Uncle8888 is NOT fully depending on his stock dividends as cash flow to support his retirement income. He is still very ambitious on capital gains even he has no more earned income from full-time job. Uncommon investing strategy for retirees?

Difference In Time To Trust, Verfiy And Validate The Value Of Financial Courses

Read? Self Interest vs. Vested Interest???

For trading courses; you can trust, verify and validate within 1 to 2 years whether you can make it or not; but other type of financial courses that preach long-term investing over market cycles; by the time you trust, verify and validate whether you can make it or not. 

Your "Gurus" or Trainers may be at somewhere else sipping coffee or drinking tea.

Same same as your friendly FA or Insurance Agents; when you need them badly; they may have already move on. 

Oh dear; you may need to call insurance customer service centre yourself. :-)

Do You Know About Family Life Inflation???

Did your parents pay for your tertiary education?

If yes; tonight at your family dinner with them; give thanks to them. Okay?

 Are you thinking of getting married and having more kids?

If yes; you are in this journey of family life inflation and putting more pressure on your saving for investment and retirement ...  :-)

Take the tough ride and enjoy your life journey too. Many would agree that life with many challenges ahead is worth living. LOL!

Uncle8888's family life inflation is like ....

Saturday, 25 March 2017

Contra Trading. Damn Shiok!!! (2) - Refresh

Walau! Uncle8888 has been noticing the word Contra is back in the cyber world. Profiting from active Contra trading is back!

Good news for those with large war chest as the waiting time may be shorter!

Read? Contra Trading. Damn Shiok!!! (2)

Revamped Pang Sua Pond in Bukit Panjang reopens

After Uncle8888 has completed his walk and jog; he can tell you that there are many nice places in Singapore to explore on BMW. 

It is free and you can easily find and stop at the next food outlets for your value meals too. Exploring with your kids is also no issue.

Read? Revamped Pang Sua Pond in Bukit Panjang reopens

Read? Jog The Singapore's Park Connectors - Round 13

Read? Walk One Round The Coastal Singapore And Jog All PCNs of Singapore

Why I Don't Lend My Money Via P2P???

Read? How to become rich in stocks??? (29)

Peter Lynch:

You don't need a lot in your lifetime. You only need a few good stocks in your lifetime. I mean how many times do you need a stock to go up ten-fold to make a lot of money? Not a lot.

I think the secret is if you have a lot of stocks, 

some will do mediocre, 
some will do okay, and 
if one of two of 'em go up big time, 

you produce a fabulous result.  


In lending money via P2P to earn XX% interests and feeling shiok is like making the Inverse of Wise Words from Peter Lynch becoming true!

Most of time; you earn fabulous interests; but if a few of them go default; you may return most of your fabulous interests in your lifetime of lending.

Wu Hua Bo, Bro?

Friday, 24 March 2017

Taking HDB Housing Loan : Wipe Out CPF OA Or Max CPF OA to SA???

Here is the Maths!

Know the difference

Choose what is right for you as couple. 

Start talking. LOL!

Trust but verify - SMOL

Source --> Enquiry on Monthly Installment

Thursday, 23 March 2017

Roaming The Streets Of Singapore With BMW (Bus, MRT, and Walk) - 2

Read? Roaming The Streets Of Singapore With BMW (Bus, MRT, and Walk)

Read? Financial Independence : Withdrawal??? Passive Income > Living Expenses??? (2)

With this surgical operation to fix the Hernia; Uncle8888 confirmed this thinking as below:

With Uncle8888's eyes wide open with an unhurried mind; what he actually saw and got him thinking and thinking ...

What is physically external to our body; we can do something preventive to at least slow down the weakness; but what is internal in our body; we can't really do much. Even with stronger financial resources; it doesn't really help.

Our organ and tissues inside our body. Our mind - Dementia!!!

Scary thought!

Doctor told him that it is hard to pin-point the root cause of his Hernia. It could be due to his earlier than expected aging of tissues; his daily pull-up; sit-up; leg-up exercise; carrying of heavier weight or due to the two weeks of chronic cough before he began to notice something was not right. The difficulty of detection of abnormality when there is no pain present to sound an alarm.

Singapore's wealth per adult rises 1.4% in 2016, continuing trend of slower growth rates: Credit Suisse report

Read? Singapore's wealth per adult rises 1.4% in 2016, continuing trend of slower growth rates

SINGAPORE - Singapore is now tenth in the world in terms of household wealth per adult, down from eighth last year, but still top in Asia, says a report released on Tuesday (Nov 22) by the Credit Suisse Research Institute.

Wealth per adult rose 1.4 per cent to US$277,000 (S$394,000) in 2016. This compares to the annual growth rate of 6 per cent from 2000 to 2016 caused by high savings, asset price increases and the rising Singapore dollar from 2005 to 2012.

Note that "wealth" in this study includes the price or value of one's home. It also includes the value of financial assets like bank savings, shares and bonds.

Wealth per adult here is forecast to rise 2.2 per cent a year to US$309,000 in 2021, said Credit Suisse in its seventh annual Global Wealth Report.

Singapore's total household wealth grew 2.9 per cent in 2016 to reach US$1.1 trillion, reversing a 5.8 per cent drop to US$1 trillion last year.

But household wealth here will accelerate at a rate of 3.5 per year in the next five years to reach US$1.4 trillion in 2021, Credit Suisse projected.

The report found wealth distribution in Singapore "moderately unequal", with 18 per cent of adults having wealth below US$10,000, compared with 73 per cent globally.

Singaporeans have also progressed rapidly up the wealth pyramid, with now 50 per cent of adults having a net worth above US$100,000, compared to 21 per cent in 2000, while those with wealth below US$100,000 have declined from 79 per cent to 50 per cent of adult population.

The number of millionaires grew 2 per cent to 150,000 in 2016, who together have US$541 billion in wealth.

The super-rich, or ultra-high-net-worth individuals with more than US$50 million each, grew even faster at 14.2 per cent to 885.

The number of millionaires is forecast to grow 4.2 per cent per annum to 185,000 in 2021.

Financial assets make up 54 per cent of gross household wealth in Singapore, a ratio similar to that of Switzerland and the United Kingdom.

The average debt of US$54,800 per adult here is moderate for a high-wealth country, representing 17 per cent of total assets, said Credit Suisse.

Planning, Goals, And After Life???

In life; it is better not be Iron Teeth!

Do you believe there is After Life, Karma, etc?

It is better not to be Iron Teeth. Believe there is After Life. Believe there is Karma, etc.

If turns out actually there is no such thing. We; those NOT Iron Teeth have really nothing to lose. 

Don't have. Don't have lor!

Same as Planning and Goals.

Planning fail!

Goals not achieved!

So what actually will happen?

You got plenty to lose meh?

The Evolution Of The Four Pillars For Retirement Income Portfolios

Read? The Evolution Of The Four Pillars For Retirement Income Portfolios

Since Uncle8888 as retail investor is a failed trader; he has learnt something from the above diagram and from SMOL. He has amended his diagram according.

Changing from Trading P/L to Capital Gains from the Bull i.e. no capital gain; it is NO SELLING to reflect exactly the state of mind of a failed trader!

Financial Independence : Withdrawal??? Passive Income > Living Expenses??? (2)

First Time Hospitalized ---> FLU With High Fever : The Hidden Fatal Risk For Senior Citizens

Read? Financial Independence : Withdrawal??? Passive Income > Living Expenses???

First Time Surgical Operation  

Uncle8888 has day surgery at TTS to fix up his Hernia problem and the deposit for surgical operation has to be paid via

(1) Medisave
(2) Cash 
(3) Personal Cheque
(4) Credit Card
(5) Approved Medi-Shield linked Plan

Private medical plan?

You go and settle on your own hor!

As interest-wise; he paid via Credit Card!

It will be months of light duties without strenuous physical activities on stomach muscles; but no restriction on talking more!

Wednesday, 22 March 2017

You All Investment Bloggers Like to Make Investing Look So Easy (2)

Read? You All Investment Bloggers Like to Make Investing Look So Easy

Avoiding those large losses that deplete our investing capital till recovery looks almost impossible is the key to the final outcome of long investing journey and strictly comply to this principle.

3 Ms - Method, Mind and Money Management!

What did you actually see? 

What is that key to avoid portfolio destruction till no chance of recovery?










Grasshopper Is Not Like What You Think. Everyday Sing Song Without Works!

Read? Invest Like An Ant, Not A Grasshopper???

Life Insurance Is Definitely Important Up To Point X In Our Life Journey!

In personal finance; we have to be competent over the three scopes covering saving, insurance and investment through our life journey.

On that night; one guy asked Uncle8888 for his view on life insurance; as usual he would illustrate his view on the flip chart with marker pen. LOL!

Now; he illustrated the same view with better diagram here.

Read? My Long Term Personal Financial Goal - Self-insured Fund by 60!!! (2)

Tuesday, 21 March 2017

I Am Liability To The Team!!!

Read? Random thoughts: Coporate Rats out there, We can be happy rats

As corporate rats; we will run the Mill as dictated by Top Down and corporate development scene. We as rats running or spinning will have little control over how we should run the Mill. 

The day may arrive sooner than expected that we are no longer that happy rats running that old Mill. The Mill is unknowningly shifted or changed.

As Manager over the years Uncle8888 has received quite a number of resignation letters and have to sit down with them to TRY to uncover the true reason behind the resignation.

This guy's reason was uncommon and came as big surprise. He told Uncle8888: "I am liability to the Team!" and that was the reason he has to leave!

The day we no longer enjoy spinning the Mill as rat; we unknowingly become Liability to the Team!

How many unhappy rats have that guilt in them and choose to leave?

Those who have reached some level of financial comfort?

That guy has one investment property for rental; may be he has not reached financial independence; but may be financially comfortable to feel the guilt and walk out and seek elsewhere to spin the next mill as happy rat.

CAGR : His Human Asset vs. His Investment Gains. Who is more powerful?

Nowadays; many are talking about Big Data and Data Analytics. 

Long, long ago Uncle8888 as Baby Boomers already went big on Big Data and now he knows his Numbers and can show the Right Thing about CAGR between Human Asset and Investment.

Singapore's blogosphere is lucky to have old folk like him who is also financial rubbish collector who can now present real big data on the truth behind the scene of retail investing.

Read? Speaking And Sharing With Track Records!!!

Unless you are super investors or "Gurus" making most of their money by teaching others to reach financial freedom; you may be better off focusing on your human asset and that is the sure way to increase your net worth from saving without squeezing yourself too hard to live for the future instead of living the present.

Sunday, 19 March 2017


Give Your Child Fish Or Teach Your Child How To Fish

As parents we set real life examples for our children to learn from us and hopefully they will follow the right thing from us.

Does it make sense to use CPF to be a long term endowment for your kids?

One participant asked 2 questions a long the lines of:

could we contribute more to our CPF SA, above the minimum sum limit and take advantage of the 4% interest
is it a good idea to contribute to your child’s CPF early and treat it as a savings endowment?

Uncle8888 belongs to old school of thought.

Give Your Child Fish Or Teach Your Child How To Fish?

For his three children; when they reached Sec 1 level; he gave them weekly school pocket money allowance for them to manage their money on their own. Whatever leftover were for them to keep. 

There was never an incident of them asking for more weekly allowance. 

Each year; their allowance would be increased so that they would be managing slightly more money than the previous year as they grew older.

When they reached University level; Uncle8888 opened joint bank account with them and transferred one year worth of budgeted University fund to them and let them managed their own Uni fund. 

But; it was not totally hand off approach as Uncle8888 still tracked their withdrawal pattern closely and would query them for any unusual sign of expenses.

Your Investment Portfolio is your Accelerator on the Road to Financial Independence! (2)

Read? Your Investment Portfolio is your Accelerator on the Road to Financial Independence!

Singapore Man of Leisure18 March 2017 at 11:31:00 GMT+8


I faint!

Eh, before you "go", remember to donate your collection to National Archives OK?

You collector you!


Today, Uncle8888 went back to his old boxes in the store room to dig up for any archives on FD interest rate before 2000

Oh oh oh ! Found something!

Now; thinking back ...

Was the book Rich Dad. Poor Dad; the real trigger or motivator behind his journey to become competent active investor?

Now; Uncle8888 has second thought; the real motivator and trigger was ..... ????

The book, Rich Dad. Poor Dad was just an enabler to take action!

What do you think?

Hard Not To Fall Into Wow Factor In The Cyber World

Two very young investors; look younger than Uncle8888's two older children stayed back to chat with him on that night and leading to this discussion - The Wow Factor!

Uncle8888 shared with them his experience with Wow Factor when he was newbie in the stock market!

In Uncle8888's early days; there was no personal blogs and chatboxes; but there were public forums and chat rooms where many newbies got caught by the Wow factor and unintentionally got burnt! 

Uncle88888 strongly believe it was definitely UNINTENTIONAL as they have no vested commercial interests

They are kind, truthful and well experienced retail investors sharing their trades. 

They have double, triple or quadruple their positions!


Strong conviction!

Let follow as what many newbies would do!

Uncle8888 also followed!

How wrong can it be to follow strong conviction by the veterans?

Without knowing their position sizing relative to their capital, portfolio or net worth; double, triple or quadruple of their positions is quite meaningless.

BUT, we like to THINK that double, triple or quadruple is STRONG CONVICTION!

Mathematically it is!

But, .... Think deeply the moral of the story again!

Are you Hen or Pig?

The Hen & the Pig Go To Breakfast

A Hen and a Pig were sauntering down the main street of an Indiana town (yes, this is another shaggy dog story!) when they passed a restaurant that advertised “Delicious ham and eggs: 75 cents.” “Sounds like a bargain,” approved the Hen. “That owner obviously know how to run his business. “It’s all very well for you to be so pleased about the dish in question,” observed the Pig with some resentment. “For you it is all in the day’s work. Let me point out, however, that on my part it represents a genuine sacrifice.

Saturday, 18 March 2017

Some dividends are not meant for investors to keep forever or spend them off??? (2)

Read? Some dividends are not meant for investors to keep forever or spend them off???

S-REITs and their right issues.

What is the issue with right issues for not-so-wealthy retirees who are depending on investment income to support their household expenses;  they better know what is dilution at personal investment level.

It is same as the loud voice in the main stream shouting on maximizing your CPF for secured and happy retirement. Right?

Credit to one of Directors in BigScribe who dare to invite Uncle8888 to participate in their Talk on Optimizing CPF For Your Retirement and knowing that he is not going to sing the same song!

Are you Hen or Pig?

The Hen & the Pig Go To Breakfast

A Hen and a Pig were sauntering down the main street of an Indiana town (yes, this is another shaggy dog story!) when they passed a restaurant that advertised “Delicious ham and eggs: 75 cents.” “Sounds like a bargain,” approved the Hen. “That owner obviously know how to run his business. “It’s all very well for you to be so pleased about the dish in question,” observed the Pig with some resentment. “For you it is all in the day’s work. Let me point out, however, that on my part it represents a genuine sacrifice.”

Read? The Difference Between Smart Financial Advice and Smart Financial Advice For You (3)

Speaking And Sharing With Track Records!!!

Singapore Man of Leisure2 March 2017 at 22:28:00 GMT+8


Lucky they got you!

You speak from experience and track record ;)

Go break a leg!

CW8888:  Hmm ... That is really true!

It is about track records!

See for yourself. LOL!

Uncle8888 knows his Numbers! 

What he shared is based on track records!

He knows his total earned income from his full time employment since 1985 vs his investment performance since Jan 2000

Friday, 17 March 2017

You All Investment Bloggers Like to Make Investing Look So Easy

Last night ...

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.

Are investment bloggers making investing look so easy by "boasting" their success?

True for those bloggers who have vested commercial interests; but for the rest of other hobbyist bloggers; Uncle8888 couldn't remember seeing any hobbyist bloggers saying investing is easy.

Uncle8888 has seen posting of large number to wow people; but no posting that investing is easy. Right?

Some CPF Matters : Understanding It Better By Actually Going Through The ProcessTo Do It (3)

Read? Some CPF Matters : Understanding It Better By Actually Going Through The ProcessTo Do It (2)

Read? Optimising Your CPF For Retirement (2)

You can't ask Uncle8888 on these two questions for his view anymore at kopi session as to be fair to those 80 participants paying and also used their precious time to attend last night talk. He has decided to embargo these two questions till end Apr 2017.



Thursday, 16 March 2017

You Know Company's Balance Sheet In Its Simplest Form???

"Less Analyzing. More Investing!" - Createwealth8888

"To make money from the stock market, it is not how well you analyze it. It is how well you invest into it." - Createwealth8888

Company's Balance Sheet?

How many retail understand how a company grows its balance sheet in a simple layman understanding without an accounting background?

Uncle8888 has asked a few retail to think about it. This is the minimum level that retail must fully understand balance sheet in its simplest form; otherwise; how you analyze arh?

Surprisingly; even a few seasonal retail couldn't explain balance sheet in its simplest form; and they think they understand financial statement well to know the company's  future and business.

OK. Enough of poke!

Sorry. sorry. sorry!

Wednesday, 15 March 2017

What Is Actually F.I.R.E??? Why We Should Love It!!!

F.I.R.E (Financial Independence Retire Early)

After knowing a few F.I.R.E people ..

some retire from their full-time job to take care their children i.e. becoming house-husband or housewife; 

some do full /part-time charity/church works; 

one of them full-time studying Bible and 

the rest of them doing free lance or part-time jobs

F.I.R.E doesn't mean idling day after day; week after week 

F.I.R.E really means ...

FIRE Your Boss! 

FIRE Your Full Time Job!

FIRE Your Leave Application!

You have gained back lots of control over how you spend your time!

People now cannot suka suka call for a meeting and you lan lan have to attend or ask someone to rep you.

Now; people will ask you whether you are free for meeting when you are actually more free than before. LOL!

MAS: Don't trade in binary options on unregulated platforms

It says these are high-risk instruments, and many trading platforms are fraudulent and based outside Singapore.

IN the wake of complaints from investors who have suffered losses, Singapore's financial markets regulator has warned against trading in binary options on unregulated platforms.

Read? Option trading As Passive Income is still Hot!!! (2)

Don't smile or laugh!

You may also have been inspired or wow by those articles, posting or chats before! 

Many people are easily inspired when they see large DOLLAR VALUE!!!


Real People. Real Excitement. Unbearable Temptation.

Lucky for him to have old man sitting next to him. LOL!

You look at date of the above blog post. It was 30 Aug 2016 when this ex-colleague (Now) told Uncle8888 about it.

This colleague was sitting beside Uncle8888 in the meeting room and after reading one of his FB's post he briefly mentioned one trader became rich by trading binary options and showing off his Ferrari! 

Uncle8888 heard it and told him not to trust all these un-audited statement or claims. He also shared with him on his real encounter and face-to-face with one of our local "Gurus" and the other one till his grave also no answer to simple "Yes" or "No" question.

Monday, 13 March 2017

Some CPF Matters : Understanding It Better By Actually Going Through The ProcessTo Do It (2)

Read? Turning 55 - and enjoying financial freedom (5)

Today, Uncle8888 eng eng made another trip to Bishan CPF Branch.

Last year. Thursday, 22 December 2016

It was like that ....

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.

So last year at Dec 2016 was like that ...

Interests from SA+OA+MA from Jan 16 to Nov 16 = $XX,XXX (5 figure number)

Today, 13 Mar 2017, it is like this ....

After passing Q ticket and IC to CPF lady and before she could ask ..

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.

At 13 Mar 2017

Ant will like this CPF Lady. Two decimal places precision!

Let see Grasshopper dares to laugh or not?

Interests from SA+OA from Jan 17 to Feb 17 $X,XXX.XX (4 figure number)

CPF : Do you want to withdraw your interests?

CW: No. Thank you. Have a nice day!

Uncle8888 went to sit down and verify the interests with mobile phone's calculator.


Only when it comes to the actual process of withdrawing monies from CPF; then the understanding is clear!

Is CPF Board doing lousy job of educating the Public with their different understanding by different CPF staff?

Sunday, 12 March 2017

Excellent Market Timer Is Super Huat!!!

IF, IF and ONLY IF .....

The FACT is after many years of collecting dividends still cannot beat the sellers who can time the market. In practice; are there such expert market timers around?

Only DBS beats the super market timers! DBS is growth stock while the other two stocks are cyclic stocks.

Something to learn about the fact on hindsight.

Some CPF Matters : Understanding It Better By Actually Going Through The ProcessTo Do It

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle 

Uncle8888 is so free and can go test the system. :-)

Read? Turning 55 - and enjoying financial freedom (2)

Read? Turning 55 - and enjoying financial freedom (5)

Saturday, 11 March 2017

Meeting And Learning From Successful Retail Investor And Trader

Last Friday; one new reader jio SMOL and Uncle8888 for kopi session at Ya Kun.

After knowing that he has been trading US market; then we asked him what is his objective of meeting us?

He said he wanted to meet and learn from successful investors and traders in Singapore to become an investor in Singapore market to build up investment portfolio for his retirement.

Now thinking back.

Are investment bloggers making successful investment looked simplified?

May be some investment bloggers have not articulate strongly that their investing journey is not that simple as what others have been reading about them.

How many of them can see beyond what they have seen and read?

Read? 16 Years of doing short-term trading and long-term investing in SGX. The Records!!! (2)

Financial Independence : Withdrawal??? Passive Income > Living Expenses??? (Good time to refresh before my talk)

Read? Financial Independence : Withdrawal??? Passive Income > Living Expenses???

True Story! Damn Good Advice!

Reply #4 on Nov 15, 2015 at 9:33am me200, candy188, and 1 more like this

ReplyQuote  Post Options

Post by oldman on Nov 15, 2015 at 9:33am

As I am now a consumer of healthcare insurance, what I am learning about insurance companies scares me even more. I was in hospital for a few weeks in Oct and chalked up a bill of well over $100,000, which I had to pay out of my own pocket first. I blamed the hospital for being too kiasu by getting money from me first

Then, a letter from the insurance company arrived and stating that they will not be paying anything until my oncologist replies to their list of questions. The insurance company tells that this process can easily take another 10 weeks! I then called my oncologist who kindly filled up the list of questionaire and sent it back to the insurance company. Let me see whether the insurance company finds other ways of dragging its feet. 

Of course no one wants to stay in hospital for a few weeks unless he is very sick! Glad to say, I am now on the road to recovery ... but have still to sort out these insurance issues which I previously thought will be transparent to me. How wrong I was! 

For those with private health insurance cover, be aware.... your policy may require you to have a few hundred thousand dollars sitting idle in the bank..... yes, this is not mentioned even in the fine print and certainly will not be mentioned by your insurance agent!

At best, if you have private healthcare insurance and intend to make use of the private hospitals or approved clinics, you should view your insurance plan as a reimbursement plan.... you have to pay upfront first and your insurance company hopefully will pay you back ( yes, there will be clauses in your insurance plan to allow them the flexibility of reviewing all charges before paying you back). Payback time is also up to the insurance company. 

If You Believe In Market Cycles???

Tuesday, 7 March 2017

Number of 55-year-olds with Basic Retirement Sum to go up

SIX in 10 active Central Provident Fund (CPF) members now accumulate enough savings for their Basic Retirement Sum account when they turn 55. The number, first achieved in 2013, is likely to rise to seven in 10 for members turning 55 in 2020.

Manpower Minister Lim Swee Say said that with higher wages and a higher labour-force participation rate, especially among older workers, CPF balances are expected to keep improving in the coming years.

He was replying to queries raised during the Committee of Supply debate on his ministry in Parliament on Monday.

Several enhancements were introduced last year to help CPF members to save more for their retirement. Examples are the higher CPF ceiling, improved ease of transfer of CPF savings to the account of one's spouse and the Enhanced Retirement Sum.

Mr Lim said that the enhanced savings are for retirement use, and that the government will not allow these savings to be used for overseas training courses, despite many calls for it.

Mr Lim noted that while CPF money can already be used to support basic tertiary education in local approved institutions, the government must also do more to safeguard CPF members' retirement adequacy - especially now that lifespans have improved.

"So we need to be careful about expanding the use of CPF for other purposes," he said.

The minister said MOM is working on improving three aspects of the CPF Investment Scheme (CPFIS): The first is the introduction of a self-assessment tool which members can use to determine whether CPFIS is suitable for them; the second is the lowering of the cap on sales charge to discourage financial intermediaries from proactively selling products to CPF members; the third is a review of the asset classes offered under CPFIS to gauge their suitability for growing retirement savings.

These changes will be announced later in the year. CPF members who prefer a simpler investment option can look forward to the CPF Lifetime Retirement Investment Scheme, the details of which MOM is working on, said Mr Lim.

The CPF Retirement Planning Service, which was piloted last year to help members make informed decisions about their CPF savings, will be available to all members turning age 54 this year.

At the one-on-one session, Customer Service Executives will use personalised information to help members understand what will happen to their CPF balances when they turn 55 and the options available to them.

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