Just that MS Excel Worksheet shows value in various formats of presentation up to XXXX decimal points. It is just a worksheet and nothing more! Just because of few pokers out there in the cyber world poking some fun at these decimal places. Why are we are avoiding using MS Excel as CONVENIENT form or media for recording and tracking stock transaction either for performance review or future learning points? By showing two decimal places; it DOESN'T make one a precision investor. Precision retail investors are those spend lots of time analyzing at finer details!
Anyone can turn on two decimal places with clicks; but not anyone can spend lots of time and effort on detailed analysis before execution.
Singapore Man of Leisure16 December 2017 at 23:47 Golden Rabbit, I am bemused when people spend so much time on ikan bilis or kacang putih concerns... I mean its just 1.5% to 3%. OK, sometimes can be as high as 8%. So happy! So much "savings"! You get lulled to pay for retail prices. Then you found out weeks later the item or service you recently bought is available with 50% discount... All this because they were distracted by the carrot others have placed in front of them? Street smart customers often "checkmate" us retailers by offering to pay in cash as they know how much % retailers are paying the credit card companies for each customer credit card transaction ;) Try telling those who chase miles and cashbacks that they can also get cashbacks using plain old cash? LOL!
Any difference between COD and charge to credit card or Paypal?
Why did the shop boss is willing to pay more? Do you know?
CW8888: This is something retail traders (speculators) haven't learnt enough! Decades of wisdom in it!
Although his fame as an economist is global, Keynes’s stunning success as a professional investor is not well known, even among economists. When I asked Prof. Paul Krugman after a Chicago talk last year if he was familiar with Keynes’s investment record, he replied that he wasn’t familiar with that part of his life. And this coming from a Nobel Prize winner who is one of the world’s leading Keynesians! Utlimately, it doesn’t matter who takes the credit for long-term investing principles that build wealth without churning your stomach at every market turn. If you seek long-term value in businesses that will be around in every market cycle, generate cash and dividends, you will probably make money. The key to success is not only holding onto those stocks through thick and thin, but holding onto the idea of selecting those investments with great care.
2. Accept the good and bad with equanimity “When you are holding stocks, if it goes up, don’t be too happy; when it goes down, don’t be too sad. Otherwise, how? Your life will also be fluctuating and you’ll die of a heart attack. If you really lose sleep over it, maybe the best way is to keep the money in the bank.” (Source: Weekender) CW8888: But; this is how to counter retail traders who love to poke retail investors on paper losses. Right? No lah! ONLY when one doesn't depend on partial asset draw-down to partly fund one's living expeneses; one may have to worry too much over paper losses if each of these paper losses is limited or cap at X% of their investing capital. Without any substantial losses; a few zero beggers won't kill! Don't concentrate your losses!
Kiasu or Kiasi or his Mind and Money Management? Short-term trading and long-term investing with his initial capital since Jan 2000 and no more adding of capital since then. It is already accumulated saving since Aug 1977 when he started working after NS. He has thought it very carefully. Enough is enough over the initial few years of investing in the stock market. There is no need to inject more saving into his investing capital to try make more money in the stock market. Being single household income and in his 40s; by limiting his risk exposure to the stock market is far more important than trying to "make" more money in the stock market. He has been applying this risk and money management till today. His position sizing is limited to maximum 10% of his investing CAPITAL since Jan 2000. In this way; his investment portfolio can grow and diversity; but his risk exposure to any stock is consistent across market cycles. When he has this sense of enough is Enough; Why leverage up? Capital is enough!. Return is enough! Why ask more? Feeling of enough is never the same for many of us. How many can understand this investing mind? Kiasu and Kiasi?
2018 is the first year of tapping bulk of the cash flow from financial assets : (1) Fixed cash flow from Tap 1 (2) Variable cash flow from Tap 3 (3) Partial cash withdrawal from SRS (4) Small freelance earned income from 8 HWW (Hour Work Week) + XX VWW (Variable Work Week).
Can I use CPF Investment to trade? Yes, you could! Our “XXXX” can help you to pinpoint which company to trade in and when to get out too. We do conduct previews almost weekly, do email to XXXX to find out more. Hmm ... Walau! Early morning read this snake oil financial advice to grow CPFIS fund by trading in and out. Chun bo? FACT: If you are already so successfully in trading your cash fund; then your CPFIS should be treated as your bonds as assets allocation and only switch bonds to equities during stock market crashes when there is higher opportunities of higher return on invested capital. Read? Your CPF Investment Account : Uncle8888's foolish advice again!!! (4)
BTW. Here is .... Real CPF Member. Real Net CPFIS Refund!
Net negative CPFIS Refund means ALL invested capital has been returned to CPF OA!
One thing is clear! Uncle8888 didn't trade CPF investment in and out. He invested!
One year has passed so fast! To confirm below understanding in Dec 2016 For retirees thinking of using their CPF to build fixed income annuity; the best time to withdraw all these interests from SA, OA and MA is at first two weeks in every December after 5th December when interests for November has been credited. You will have 11 months of interests to withdraw. That is max and leaving interests for Dec to become principal in the following year. We will have perceptual fixed income annuities for life with our principal intact for beneficiaries. Good? Right? Uncle8888 today went to CPF Branch to apply for withdrawal of interests in CPF SA and CPF OA from Jan to Nov 2017. The counter staff repeated several time before the actual application of withdrawal of CPF interests is ESTIMATED to be $23,XXX. LOL! Uncle8888 told her he will just withdraw $23,000. Ha ha! Uncle8888 told her next month he will come again to withdraw interests for Dec 2017. She replied that he can't withdraw any interests next month as in Jan 2018. All interests in CPF for 2017 will be credited and become principal in Jan 2018.
Last night 4 bloggers got together over dinner for chit chat session! This topic was mentioned! Can retail investors hold multi-bagger stocks to really LOCKED in as millionaire status? Uncle8888 has read many times on HOW Public Bank in Malaysia has "created" millionaires since IPO. Do you know any RETAIL investors has locked in their millionaire status in non market volatile assets? Institutions can as money is NOT the fund managers' personal money. Just follow laid out policies and rules!
In the business world; giving discount is win-win. Buyers are happy with their discount and Sellers increase their revenue. Initially, Uncle8888 is also happy to give discount for win-win situation; but after sometime he realized that he is not chasing for more revenue why gives discount! You want. You come. No discount! Surprisingly some still don't mind! Strange!
Neighbour: Why you want to retire? You can work till 65. Right? Your Manager pay not bad. Why retire? CW: Bo pian. I have to retire! I can't tell Boss that I want to work less hours and want to work part-time. No such thing!
That is the only true and valid reason! Not all employees have options to work LESSER hours.
Tuesday, 6 June 2017 Read? You Love Your Job But Your Company Doesn't!!! Oh .. Uncle8888 met another ex-ex-ex colleagues who was in the same department as two previously met ex-ex-ex colleagues who are about his same age group in their 60s; but this guy is younger in his 50s. For months, he couldn't land on any IT operations support related job. Bo pian, he finally took up cleaners supervisor job with one of the town councils while he continues to try his luck to get back to IT sector!
POLICE reports have been filed by angry investors who fear they have lost millions of dollars invested in a local fintech currency trading firm that built a high profile by painting its name on aircraft, and wooing potential clients at Davos.
SixCapital, or SixCap as the firm is called, promised returns as high as 18 per cent a year but stopped making payouts around June. Investors also had difficulties accessing their performance reports. (CW8888: When some retail investors see XX% yield; they may immediately lose their investing mind!)
Around 1,000 investors and employees put millions of dollars into the self-described fintech firm that uses "big data and powerful analytics" to make currency trades.
The firm, which has an office on the ground floor of SGX Centre 1 in Shenton Way, appears to have hit trouble early this year.
It emailed clients on June 8, saying that OCBC Bank told it in May that its banking accounts could no longer be supported.
SixCap said it had been trying to open accounts with other banks since May 25, but "the KYC (Know-Your-Customer) processes these days are more stringent and take longer than before".
The company was then hit by a surge of withdrawal requests.
More recently, in a letter to investors dated Nov 10, SixCap said it had discontinued its two products, Tagg and B'Data, which earn yields for investors through foreign exchange trading.
Investors were told they could expect their principal back "over a 24-month period beginning in the second half of February 2018".
The same letter detailed the abrupt resignation on Oct 9 of SixCap chief scientific officer Abdalla Kablan and 13 of his key IT staff.
SixCap had acquired Malta-based data analysis start-up Hippo Data, founded by Dr Kablan, earlier this year.
"By now, almost all the employees in Malta have resigned and left abruptly," wrote SixCap boss and sole owner Patrick Teng Chee Wai.
The exodus brought operations at SixCap's tech firms to a halt, impacting the group's "various Ricebowl business models", he said.
Ricebowl is a forex trading model offered by SixCap.
Mr Teng said: "Ricebowl is a system being developed and refined with the help of Dr Kablan and he has in fact written academic papers on this system which were shared with the Monetary Authority of Singapore about one to two years ago."
The Business Times told Mr Teng that it could not find these papers but he declined to share them, citing confidential content.
Dr Kablan said he could not comment and is seeking legal advice.
Mr Teng's son, Paul Teng, who was SixCap's chief investment officer, did not answer questions about Ricebowl.
He told The Business Times last Monday : "I can't comment because I've resigned since Nov 1. I'd rather not talk about it. Ricebowl was always looked after by my dad."
One of SixCap's presentation materials states that FX B Share, the predecessor of B'data, is governed by Singapore law and vetted by Rajah & Tann LLP.
Rajah & Tann senior partner David Yeow told The Business Times by email: "The reference to my firm in the attachment was made without prior notice or approval from my firm."
(CW8888: How to trust and verify? We can't as retail investors!)
Investors in Tagg and B'Data are now asking how they can recover their money.
Some filed reports with the Police and the Commercial Affairs Department in November as they want an investigation into its transactions.
A Police spokesman told The Business Times:"It is inappropriate to comment on investigations, if any."
The Business Times visited SixCap's Shenton Way office before noon on Nov 24 but the lights were off and the door locked. A security guard said it had been closed since Nov 20.
SixCap's chief revenue officer, Jaslyn Tan, told The Business Times that Six Capital (FX Trading) had moved to Marina Bay Financial Centre Tower 3. She did not answer further queries.
The address she gave was for a serviced office space shared with about 20 other companies.
The Business Times visited the office last Tuesday and was told by a staffer that neither Mr Teng nor Ms Tan was present.
It marks a sharp turn of events for SixCap, which worked hard to raise its profile. The firm was a sponsor of some events hosted by the Wall Street Journal and CNBC, where Mr Teng would appear as a speaker. In December last year, SixCap had its livery painted on an AirAsia jet to promote Tagg's launch in the Indonesian market.
And in January, Mr Teng and his son, Paul, went to Davos, Switzerland, to ink a memorandum of understanding with an Indonesian university (Universitas Gadjah Mada) on the sidelines of the World Economic Forum.
SixCap's most recent product is Thundr TV, a S$99 device or app that allows access to TV channels.
During Thundr's Singapore roadshow in July, Miss Universe Indonesia 2015, Anindya Putri, and Miss Universe Croatia 2015, Mirta Kustan, were featured as channel personalities.
For now, investors are split on what to do. Some believe SixCap will pay them back eventually, while others are not so sure.
A freelance consultant who wanted to be known only as Mr Rao sank S$20,000 in Tagg and S$80,000 in B'data. He joined a small gathering of investors on Nov 20 to discuss their next steps.
Mr Rao said: "A few retirees indicated that they had poured in significant retirement sums. One lady was the age of my mother. She said she was going to the temple to pray."
Are ETFs the only way to diversify your investment risks as sold by ETF's snake oil?
Hmm .... Risks and Return on Capital. Risks come loss of permanent capital. Volatility is not yet risk when we have adequate level of war chest to participate in market volatility AND we DON'T REALLY DEPEND on our investment portfolio asset draw - down to partially fund our annual household expenses. Focus on our portfolio management; we too can achieve that same effect of diversification of investment risks; not through Method i.e. by holding big number of stocks but Money Management. Cap any potential losers but let the current winners generate cash flow and that becomes our ROC. Our own capital doesn't even need to be fully invested to generate this yield. How much can ETF yield for our invested capital? 5% , 6% or 7%? Uncle8888's portfolio management may generate conservatively at 5.7% for 2018 and he still has large fire power to fight market correction or the next Bear.
Without steady earned income from his human asset; Uncle8888 has been focusing more on net worth allocation to build sustainable retirement income for life across market cycle; surprisingly his larger war chest doesn't seriously drag down his Tap 3 (Investment Portfolio) yield. It will be conservatively around 5.7% for 2018.
PSLE results: 98.4% of students make it to secondary school
How good when we as retail investors can be taught like these academic subjects to reach that level of competency? 98.4% of retail investors make more than 10% CAGR after six years of learning investing. Many of us will reach FI by 40, 45, 50 or latest 55! LOL!
Can investing be taught like any academic subjects in school or higher institutions? In investing, your account size really matters! Same Mentor/Trainer/Guru training or mentoring two students. One student has $50K as capital and the other student has $1M as capital. Both students follow to the dot on Method learnt. The student with $1M will be way ahead and WILL one day prove his Mentor/Trainer/Guru right!
Quote from My 15 Hour Work Week Transport ($300) We would utilise public transport most of the time but we can also indulge in a few taxi trips a week if we want to explore less accessible places in Singapore.
From Uncle888's walking one round along the coast of Singapore's main island and crossing all bridges in Singapore's main island rivers, jogging all park connectors and roaming across vast land in North, East, South and West including landed properties deep into Bukit Timah area; he hasn't come across any public accessible area that is not accessible by B.M.W. What we need is time and with plenty of spare time; it may make some retirees time cheapskate.
This statement has to be fully explained! Stock market volatility is NOT risk is ONLY applicable to those retail investors NOT doing any form of leveragesAND DON'Tdepend on their investment portfolio for draw-down to supplement or fund their annual household expenses AND they still have war chest to fight as market continues to trend lower AND they are also NOT afraid of sitting on gigantic gains when market turns in their favor. The days when we turn into depending on partial draw-down on our investment portfolio then Volatility becomes risk! Read? Peter Lynch on His Secret to Superior Returns (2) Forced selling during market low to cover any expenses is a terrible and horrible wrong thing to do as long-term retail investors over market cycles!
Show Uncle8888 your money management, position sizing and firing strategies. He will give you his comments for you to go up Bukit Timah or Mount Faber Hill next weekends to think it loud about it. Read? 3M's - Method, Money, Mind (5)
3M's - The Circles of Competency as long-term retail investors over several market cycles. How to win this money game!
Uncle8888 didn't specifically invest for "passive" income. It started off as Panadols and then evolve into the higher power Pokemons for passive income. It will be truly passive income for long, long time while waiting for the next evolution into higher level. Passive income for long, long time!
(1) Fixed income from 2.5% interests fom net investment gains refunded from CPFIS to CPF OA (2) Variable dividend income from risk-free (freehold) from several positions of multi-bagger stock. He just need to have the wisdom and discipline to maintain the right position sizing on these counters and he will not lose any of his invested capital ever again. Infinite dividend yield Mathematically!
May be many folks are too young to know what has happened during pre-AFC days of leverages, margins and CPFIS. It was those period at your own time, own target and fired. Even Big Daddy caught sleeping with CPFIS!
How could brokers went bankrupt when Parliament was debating on brokers earning higher pay than Ministers?
One broker jumped from Shenton Way's high building! How could DBS fail?
One secondary principal did home mortgage to supercharge his investment in DBS. Hoot tua tua. Never waste a crisis. But; DBS kept going down and he went bankrupt. He lost his landed property and lost his job too! Folks like Uncle8888 who lived through AFC and seeing one of his own relatives nearly bankrupt to shares financing - pledge your shares to supercharge and pledge new shares and re-supercharge. Hoot tua tua! So many doing it! Why scare?
In Chinese saying. Lose until mad! Hard to understand why? When folks become mad after losing too much; what is risk management? They only just want to to recover their large losses and then chop fingers. They promise!
Yes. DBS didn't bankrupt.; but principal did! We are shaped on what we went through! Why Uncle8888 is like that?
Market will operate in cycles and will always cause volatility in our investment portfolio value! When we choose to invest across economic and market cycles; we should be very CLEAR about it! Especially when we DON'T depend on asset draw-down in our investment portfolo to fund our living expenses; what wrong with volatility? Why do we fear volatility? 3Ms - Method, Mind, and Money Management May be fewer investors has stronger investing Mind. But, can we train our investing mind to be less fearful of volatility? No investing course on Mind part?
Hmm .. from the Cyberspace. #1 The best time to plant a tree was twenty years ago. The second best time is now Chinese: 种植一棵供人乘凉的树，最好是在二十年前，但错过了那次机会，最佳的时机便是当下。 For investing #1 The best time to invest was last financial crisis. The second best time is next financial crisis. Any time to invest is neither good or bad! Count your luck!
Saturday, 19 January 2013 Tonight, I happened to sit beside one 80+ Grand Old Uncle who has been investing and gambling in the market on stocks, Forex, Gold and Crude oil since his younger days at a Dinner reception.
To him, you are either holding (investing) stocks for yield and over long run you won't lose money or you are gambling in stocks, Forex, Gold or Crude oil. When you gamble, you must know how to run fast; otherwise, you will get killed!
No yield = Gambling??? What do you think? This 80+ speculator and investor has lived through the different markets long enough to share his thought. Continuous cash flow (may NOT be stable) from our investment portfolio as baseline and then we may add some trading P/L as supplementary. We can achieve both in short-term trading and long-term investing. Not clapping with two hands then what?
Before some retail traders thinking loud on how to poke these retail veteran investors who Buy, Hold, Sell Some, Buy back, Hold ... When these veteran retail investors looking back at those few buy and hold positions at their 70s and 80s. They smiled without any regrets. These stocks have served them well. Their decades of Panadols had paid for children university fund. Some Panadols have paid for these and that. It was a journey of investing with little or no regret. Investing has been good and "PASSIVE" for them. No need to every trading days staring at screen to set up this or that and then keeping fingers cross. For these "passive" investors, one click of Buy button and decades of Panadols dropping from the "Sky". Not passive then WHAT? Same as how these veteran grown in their human life : Growth, reaching their prime, stable, and then decline. At their 70s, 80s, and 90s when they are weak and knowing their time is up. Knowing how well they have done through their life journey through their own time and effort. Most will have little or no regret that they are NOT the best or richest. When we invest long enough for growth, prime, stable and decline. We will NOT regret!
20 Nov 2017, 7 years later ... The realized investment gains including accumulated dividends for Kep Corp since Sep 2001 is more than enough to fund Uncle8888's three children's university education at NUS, SMU and SUTD. Read? Keppel Corporation Retail Shareholders' Day.
Education isNOT the key to avoid investment scams. Folks need to stop becoming Yield Pig GREEDY! Any investment scams are likely to start with above 1X% yield AND some dividendsMONEY BACK to your pocket first in the first few months to bait YOU to do referrals to your family members, relative and close friends. Got good lobangs must share with our loved ones and friends. Right?
Read? Hey! Do You Have Any Loved Ones??? Read? Saving For Your Future: Should You Max Out Your CPF Voluntary Contributions Every Year? Some time ago; one Starfish was talking about retirement planning over kopi session; Uncle8888 said retirement planning for singles and for those who have younger and/or older dependents is totally different. As singles, it is about your own retirement; but for those who have younger and/or older dependents is about the journey towards to our retirement endpoint. Along this journey of planning, implementation and execution; it is just unpredictable. Unfortunately bad events in life may happen consecutively and drain our financial resources; and that happened we can put our own retirement planning at the back of our mind. Get over these first! Think later! Retirement planning with our loved ones is never easy!
She is 62 and Uncle8888 is 61+ After every market cycles; we are older; and after a few market cycles we are already or nearly senior citizens. When we have enough net worth to last our lifetime; do we still want to ride the BULK of our net worth in the stock market cycles of vulgarities without the support of earned income from our human asset. Although, some of us may continue to work free lance, part-time or pastime when our health still allow us to be active; but we are likely to be on lower income which may be just enough to cover our own personal allowances e.g. Uncle8888's One Year After Retirement From Full-time Job As Employee. His 8 HWW (Hours Work Week) can cover his own personal allowance for daily meals, monthly transportation cost and mobile plan; and hopefully he is qualified for next year Workfare MA top up to cover his Medi-shield premium. After the last Bull Market in 2007; he has learnt something from Mr. Market about the true value of our net worth. How much of our net worth is exposed to Mr Market's moods and vulgarities? We can be millionaire at Point X with large exposure to the stock market; but when Mr Market changed his mood after Point X; we may just lose that title in term of months if not weeks! How do we define our success in investing after Point X in our lifetime of investing in the stock market?
As investors, we have to take a position in the marketplace in order to make money. Remember that we are not in the market to predict the STI. We are here to make money from the markets. Predicting the STI direction without actually putting any money into the market will only help our ego and not our wallets... unless of course, you make your money from teaching others how to invest and you need to be seen to be correct in your analysis. To be honest, if you make a prediction any which way, you are bound to be correct, sooner or later. So, don't put any value on those who tell you, I told you so...... because you too can do the same. Make a prediction. Wait long enough and you will be 100% correct. Just don't fool yourself that you are good at predicting the market direction. The proof is in the amount of money you make by sticking to your position. Real investors are those who make real money from the markets. They must always have a position in the marketplace - whether this is bullish or bearish ... they cannot be wishy washy. You cannot make real money if you are indecisive. Real investors know that they will lose money if they read the direction of the market wrongly and hence, real investors always protect their downside by only investing with money that they can set aside for years. Finally, always remember that real investors make their money from the markets directly. If it is in their DNA to share, they will do so freely... and will never sell you a get-rich-quick investment course! For those of us who make money directly from the markets, we know how difficult it is for the novice investor to start investing. The least we can do is to show you the ropes free of charge. We will never want to take any part of your savings just to show you the ropes. This money is needed by you to start off your investment journey. Hence, my conscience will certainly not allow me to take such money. I rather share freely, or not at all. The best example of a real investor is of course, Warren Buffett.
I am 61 yrs old uncle living in HDB heartland who has achieved financial independence @ 56 and retired @ 60 from full-time job as employee.
Single household income since 1995 with three children. Eldest son and daughter are now working and youngest son still in his 2nd year uni in SUTD.
I have been doing long-term investing and short-term trading in Singapore stock market only since Jan 2000 so I am that Panda or Koala in the investment world; but I am still surviving well in the wild.
I am now executing my Three Taps solution model to maintain sustainable retirement income for life till 2038.
Last updated: 3 Sep 2017
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