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, 29 January 2008

New Portfolio - starting new life after wipe off




I have paid dearly for not following my risk control rules and wipe off 60% of last year realized profit.

Saturday, 19 January 2008

Bear trap - Queue to sell off all contra trades. Bite the bullet

Total estimated contra loss and cut losses = $61K !!!

Huge contra losses wipe off 46% of my last year profit of $134K in days!

I will need to re-strategise in view of very difficult market ahead before hitting the buy button again.

Monday, 14 January 2008

Friday, 11 January 2008

Portfolio update - Sold Kep, Bought back Kep, and bought more STX

DOW vs STI






DOW has recovered +2% from its latest low at 12,589 on 8 Jan 08 while STI was at its latest new low 3,323 yesterday, 10 Jan 08.

I believe STI should recover aggressively today.

As of yesterday, DOW is -9.3% from its last high, and STI is -14.3%, so it means that STI has more room to catch up with DOW.

Thursday, 10 January 2008

Wednesday, 9 January 2008

Tuesday, 8 January 2008

Realized Profit Target for 2008

My realized profit target for 2008 is $58K. Cheers!

Monday, 7 January 2008

Sunday, 6 January 2008

STI DOW index trend















Last DOW lowest on 26 Nov 07 at 12,743, down - 10% from its last highest 14,165 on 9 Oct 07. Last Friday, 4 Jan 08, DOW closed at 12,800, down -9.6% from its last highest 14,165 on 9 Oct 07.

Last STI lowest on 22 Nov 07 at 3,313, down -14.5% from its last highest 3,876 on 11 Oct 07

Last Friday, 4 Jan 08, STI closed at 3,438, down -11.3% from its last highest 3,876 on 11 Oct 07

Saturday, 5 January 2008

Win Lost Ratio - Hit score

Portfolio update - Bought SML and STX

Friday, 4 January 2008

Tuesday, 1 January 2008

2007 Review and Strategy for 2008

After reviewing those trades made in 2007, I have made the following observations:

- several contra losses due to lack of fund arising from over-trading.
- averaging down at narrow gap without significant lower average cost.

Change of strategy:
- Enforce discipline of 2% risk limit per counter and 6% risk limit per 6% drop in STI index. This will help to prevent overtrading.

- Harder to do contra trade for counters that are more than $3 due to change in bids. Will focus more on counters that are less than $3
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