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

Sunday, 30 September 2012

Retire Early? But, no room for mistake!

 

Retirement and Re-employment Act

Under the RRA, the statutory minimum retirement age is still 62, but employers are now required to offer re-employment to eligible employees who turn 62, up to the age of 65.
  
 
Retire early before 62???
 
 
 
 

Uncle8888's ETA to 60 is about 10% more to destination,. It is about the right time to shift from building wealth strategy to maintaining secure cash flow with inflation adjusted at 3% p.a. for the next 25 years. There is no room for mistake for this early retirement plan before 62.


” 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)


How much money is enough to last 25 years in retirement?

Read? Work Less and Gone Fishing Planning Room (1)


Uncle8888 has been tracking his monthly family expenses of 5 members since 2001 and apply this formula to derive the expected annual expenses during his retirement.

Expected Monthly Expenses =  Highest monthly expenses since 2001 + Lowest monthly expenses since 2001 + 4 x Average Monthly expenses since 2001

= Total Monthly expenses divided by 6


Expected Annual Expenses = 12 x Expected Monthly Expenses

Retirement Asset required to fund 25 years of retirement = 25 x Expected Annual Expenses


This Magic Number is Uncle8888's Financial Independence Target!

What are the expenses at 3% personal inflationary rate?

Read? Personal Inflation Rate and Market Inflation Rate - Revisit

Types of expenses as follows:
  1. Living Expenses
  2. Household Replacement, Repair and Maintenance
  3. Leisure and Entertainment
  4. Medical and Health care
For Medical and Health care expenses, Uncle8888 is planning to use his fund in CPF RA, SA, MA, and Medi-Shield to cover them.

He is also not expecting to be medically treated in Private or Ward A so it should be affordable.


Read? Medi Shield or Private Shield?


Next, how to secure cash flow for the other three type of expenses?




  1. Living Expenses
  2. Household Replacement, Repair and Maintenance
  3. Leisure and Entertainment

 In retirement, there is no need for Emergency Fund as Uncle8888 can't be RETRENCHED!










For less worry and non market-dependent cash flow, one option is to do asset draw-down method for the next 25 years.
 

On second thought, Uncle8888's expected annual expenses can be considered too conservative as the past expenses covered family of three growing kids and also covered some expenses related to employment e.g.

  1. Transportation and Official Travelling claims
  2. Ang pows, white Gold, farewell lunches and dinner, birthday treats for colleagues
  3. Weekly TGIF executive lunch.
  4. Income Tax

Uncle8888 believes after retirement these works related expenses will be significantly cut down.

There is some fat in this Magic Number!


Securing Cash Flow for the next 25 years in retirement at 3% inflation rate

Three options are available:

  1. Most secure option is to do asset draw-down ONLY. It is non market dependent
  2. Asset Draw-down plus market dependent passive income such as stock dividends and rental income
  3. Market dependent passive income only. This is for wealth preservation for the next generation.

Uncle8888 will be targeting for option 1 and contingency for option 2

Here is the secure cash flow simulation based on last Friday market closing price for partial asset top up options.

The value in the table is % of the expected annual expenses that will be covered by the Secure Cash Flow from Asset Draw-down option.

The table is also for Uncle8888 to decide when he can retire early with the least worry option.


 
This partial asset top-up by liquidating some CPF stocks to add more secure cash flow will depend on market timing to execute them.

 
The Advantage of Secure Cash Flow Plan
  
The rest of the money can go to the Opportunity Fund for Growth and future Asset Top-up.
  
When the investing mind is calm, he or she will see opportunities in Bear Market rather than how to cut losses to prevent wealth erosion.
 
Remember 3M's: Mind, Money and Method!!!
 
 
 
 
 After Post's Thought:
 
What about finding 4 work-hours per week 'job' to qualify for Govt Workfare payour???
 
 
 
 
 
 
 












Saturday, 29 September 2012

Learning or improving your investing knowledge and skills from Financial Bloggers and Forumers???

Just For Thinking ....


Learning or improving your investing knowledge and skills from Financial Bloggers and Forumers???



Uncle8888's advice to newbies or average investors.

Read the story below and  FULLY UNDERSTAND the Moral of the Story


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.”


Uncle8888:

Your favourite financial bloggers or forummers may be the HENS; but are you the PIG?

Did you really fully understand the Moral of the Story???



Friday, 28 September 2012

Q3 2012 Investment Performance Report



Read? H1 2012 Investment Performance Report


A goal-based investing approach


I use a goal-based investing approach by setting a 10-year goals target to achieve for each year from 2012 to 2021.


Q3 2012 Result

Achieved 63% of 2012 Goal.


 
 


Portfolio XIRR

Track, measure and visualise - without doing it how to revise investing strategies and improve year-on-year investing performance.


 
 
 
 

My portfolio XIRR includes all investible cash plus the current stocks value at market closing price as on 30 Sep 2012.

Since one year ago: 3.8%
Since 1 Nov 2008: +10.6%
Since 1 Jan 2003: +12%
Since 1 Jan 2000: +10.7%

From the above multi-years XIRR value, I believe my investing performance is rather consistent.

 

Riding market cycles of Bull and Bear





















If the Bull continues to charge forward, a few more records breaking can be expected.

How is my investing skills contributing to my net worth and towards my financial independence dream?

 
 
 
 
 
 


 



Thursday, 27 September 2012

Stress Test on Portfolio



In 2008/09


STI crashed down from its peak of 3,876 in Oct 2007 to low of 1,457.  Down by -62%


Uncle8888's Portflio Value also down by -53% to $XXX,XXX


So what will happen when the next Bear come?


This is how I plan to slowly step back into the market when STI goes lower and lower.

























 
” 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)


How bad?


The Stress Test result as follows:

1) Losses on new stock investment



 
 
 
2)  50% losses on current stock holding
 
 
In the worst case, Uncle8888's Protfolio Value is still 27% higher than in Mar 2009
 
 
Don't worry. Be happy!
 
 
 

 
 
 



 

Saturday, 22 September 2012

Oct 2007 vs. Oct 2012. What will I do differently this time?


Read? Chasing the last $100K (last mile) and may fall hard!

"It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong." ~ George Soros


This time, I will not forget the teaching of George Soros.

I will not chase the last milestone of Financial Independence Target.

Five lost years and back to where it was at Oct 2007; but with the effect of five years of inflation; the purchasing power of the portfolio value is lesser.



"It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong." ~ George Soros

WISE WORDS!!!


Friday, 21 September 2012

How to become rich in stocks??? (13)

Read? How to become rich in stocks??? (12)


Active Trading or Long-term Investing?

Superior return for long-term investing always assume successful re-investing of dividends.

Can we always assume that we can successfully re-invest our accumulated dividends over the years?

Uncle8888 has decided to spend some time to investigate it.

 
Is this assumption of re-investing dividend possible in real life investing for retail investors like Uncle8888?


Lucky, Uncle8888 has one real-life example to share in the cyberworld.

His Kep Corp!










Uncle8888 has three positions in Kep Corp.

18 Sep 2001: $1.32
26 Mar 2004: $3.22
20 Jul 2007: $12.14 <--- Sinful one!!! Waiting to repent!!!


Pyramid UP 


Total dividends collected from 18 Sep 2001 to 26 Mar 2004 was enough to re-invest the dividend as second position in Kep Corp at $3.22 in 26 Mar 2004.


Total dividends collected from 1st and 2nd position from 26 Mar 2004 to 20 Jul 2007 was enough to re-invest the dividend as 3rd position in Kep Corp at $12.14 in 20 Jul 2007


As of yesterday market closing share of Kep Corp at $11.29


Total Return = Total Dividends collected + Capital Appreciation at yesterday market closing price of Kep Corp at $11.29

= 1,657% over 11 years of long-term investing with dividends re-invested.


Right and Hold is King!!!










Thursday, 20 September 2012

Two Ways of Dividend Investing???



Just For Thinking ....



Bunny's Way ...























Squirrel's Way ...















So what is the difference?

How does Bunny and Squirrel prepare for their Winter?








Bunny

Bunnies still have to spend the winter looking for moss, twigs, bark and leaves to eat.
(Think dividends)

Squirrel

“Well, we squirrels know that in the summer months, there’s plenty of food available. But come winter, there won’t be any. That’s why we bury nuts in the summer. If we don’t do that, we won’t have any food to eat over the winter … we’ll go hungry.”  (Think beyond just dividends)













Wednesday, 19 September 2012

Investing. Simple and Easy???

Just For Laugh ....



In investing dictionary ...

Simple is NOT Easy.       (Can you easily see it?)

There is no such thing in the investing dictionary as Simple and Easy; otherwise, there will be  acute shortage of hardworking employees available for employers.










Monday, 17 September 2012

A new all time high again!!!

Another moment of happiness. 3.1% higher than Oct 2007 Bull!!!





 
 
 
 


Over 1,000 DBSS flats still unsold since scheme's suspension


 
More than 1,000 Design, Build and Sell Scheme (DBSS) flats have been sitting unsold since the scheme was suspended last year.

Experts say demand for these pricier homes has likely been dampened by the bumper fresh supply of build-to-order (BTO) flats since both have a monthly income ceiling of $10,000.

Six DBSS launches have been rolled out since the 806-unit Adora Green in Yishun - now fully sold out - entered the market in February last year. Some DBSS projects have similarly enjoyed healthy sales.

EL Development's 888-unit Trivelis in Clementi is 90 per cent sold, while CEL Development's 488-unit Belvia in Bedok has found buyers for 400 units.

Take-up at Design and Build projects

Centrale 8 (Tampines)

Total units: 708

Unsold: About 250

Price:$389,000 to $778,000



Parkland Residences (Upper Serangoon)

Total units: 680

Unsold: 195

Price: $359,000 to $706,000



Lake Vista@Yuan Ching (Jurong)

Total units: 682

Unsold: 206

Price: $360,500 to $680,400



Trivelis (Clementi)

Total units: 888

Unsold: 90

Price: $375,000 to $770,000



Belvia (Bedok) Total units: 488

Unsold: 88

Price: $387,000 to $727,000



Pasir Ris One (Pasir Ris)

Total units: 447

Unsold: About 340

Price: $390,000 to $770,000

Note: Prices at launch



SOURCES: DEVELOPERS, AGENTS

Sunday, 16 September 2012

Application for Post of Long-Term Investor in Stock Market

Just For Laugh .....


Qualifications

  • No minimum educational level is required. However, good working knowledge with MS Excel is added advantage.

Minimum Working Experience

  • Must be able to produce an average inflation adjusted return of at least 6% p.a. across market cycles.

Security Deposit

  • Must be able to put up long-term security deposit of at least $XXX,XXX to $X,XXX,XXX with Bank Of Stock Market depending on the position applied from Junior to Executive level.
  • At least two-year advance notice is required for partial redeem of Security Deposit.
  • Redeem of more than 50% of Security Deposit will lead to immediate termination of service.

Attention

Unless you meet all the requirement as stated above. Don't bother to apply!




Is money more important in urban Singapore???

Uncle8888's days in the Kampung ...


Very poor, but still can have eggs, We reared our hens and ducks.

Very poor, but still have sweet potatoes. We planted our sweet potatoes.

Not enough, could go around hunting for wild tapioca.


Later, moved to Toa Payoh ....


Where no money means NO EGGS, NO SWEET POTATOES on the table.


How important is money in Urban Singapore?


You say le?


Read? Hougang home grown sweet potatoes!!!

You try planting sweet potatoes now.

Your "friendly" neighbours will develop sore eyes and complain to MP hor!

So don't plant, plant! It is not Kampung!!!




How to show your cleverness in picking stocks?

Just For Laugh ....






Sometime, it really amuse me!

How many netizens fall into it without even knowing it?


Pick any of those stocks that have  price volatility.

You simply shift the time frame forward or backward over a period and be very selective what you want to show. Apply any School of Kung Fu charting, you will have enough opportunity to show your cleverness in picking stocks to the cyberworld.


Don't believe me. DIY! It is amusing!





Saturday, 15 September 2012

Countdown to Financial Independence ...
























  • It took me 35 years to accumulate 64% of my net worth as of 15 Sep 2012 from earned income (including unaccountable amount of investment gains as I only diligently tracked investment activities from 2000 onwards) or 2% per year

  • It only took me 12.7 years to accumulate 34% of net worth as of 15 Sep 2012 from net gains from our local stocks in SGX or 3% per year.

Investing is just as important as our primary job for earned income. We have to put enough effort to do it well too.


BTW,

I am one year off Initial Target planned at Jan 2000.









Friday, 14 September 2012

Noble - Just looking at EMA200

Occam's Razor

The simplest explanation is usually the right one.

There are two parts that are considered the basis of Occam's razor, and they were originally written in Latin:

  • The Principle of Plurality - Plurality should not be posited without necessity
  • The Principle of Parsimony - It is pointless to do with more what is done with less

 






























Noble - Bearish bet is off!


Wednesday, 12 September 2012

Noble's turn to cheong???


Sembcorp to invest S$64.2m in China utilities facilities

By
                          
 
 
Sembcorp said on Wednesday that it will be investing a total of RMB326.6 million (about S$64.2 million) to develop centralised utilities facilities in the Fushun Petrochemical and Fine Chemical Park, Liaoning province, China.
 
The project is expected to provide on-site logistics and water for industrial use.
 
For the first phase, Sembcorp will be investing RMB76.0 million (about S$14.9 million) to develop a three-kilometre service corridor network, with completion expected in the first quarter of 2013.
Sembcorp will acquire a portfolio of existing water assets from the local government and develop a new industrial water treatment plant and a 3.6-kilometre water pipeline at a total investment of RMB250.6 million (S$49.2 million).

Monday, 10 September 2012

10 Common Misconceptions About Money

By Stacy Johnson

I recently celebrated my 57th birthday, and have arrived at a common conclusion about getting older: It sucks. But there’s one good thing that comes with age – the wisdom that can only come from experience.

Experience helps you understand how life actually works, and how remarkably different life is from the kind you so often see portrayed in commercials, movies, and daydreams.

Prime example? Money. The myths surrounding money are numerous and widely held, especially among the young. It’s a shame, because pursuing myths will lead you astray, waste your time and, taken to extremes, ruin your life.

Here are 10 popular misconceptions about money that experience has taught me are more often fiction than fact…

1. The more money I have, the happier I’ll be.


Let’s ask Howard Hughes, Anna Nicole Smith, John Belushi, Chris Farley, Marilyn Monroe, Michael Jackson, Amy Winehouse, Jimi Hendrix, Janis Joplin, Kurt Cobain, and Elvis about this one. OK, guys, show of hands… did fame and fortune make you happy?

Happiness comes from liking yourself, something completely unrelated to money. Riches buys recognition, too often confused with validation. But respect, especially self-respect, isn’t for sale.

When you’re on your death-bed, will you be thinking about money? If so, your contribution to the gene pool was negligible. Rather than obsessing about money, think about what really makes you happy. Then make only enough money to take part in those activities. Making more is a waste of the only non-renewable resource you have: your time on the planet.

2. A big income will keep me out of debt.


What’s the difference between someone who makes $50,000 a year with a $100,000 mortgage and someone who makes $500,000 a year with a $1 million mortgage? Answer: nothing. Unless they have money set aside for emergencies, they’re both a paycheck away from disaster.

Debt often rises with income. What keeps you out of debt isn’t a high income or net worth. It’s not borrowing money.

3. Millionaires drive fancy cars, wear fancy clothes, and live in fancy houses.


Not according to the folks who did a bunch of research and wrote The Millionaire Next Door. According to their studies, the average American millionaire drives an unexciting American car, lives in the same nondescript house they’ve owned for years, and avoids designer labels. That’s how they became millionaires.

So who’s buying all the designer clothes and Porsches? Many times it’s people who will never become wealthy because they’re swapping tomorrow’s financial freedom for today’s appearance. As I’m fond of saying, life affords you the opportunity to either look rich or be rich, but few live long enough to accomplish both. The younger you decide, the better.

4. The more money I have, the less worries I’ll have.


Balderdash. Money doesn’t end anxiety. It gives you something else to be anxious about: losing your money. Granted, those without enough money to eat or keep a roof over their heads have lots to worry about. But once you have enough money for all your needs and a reasonable number of your desires, the excess will add to your concerns, not alleviate them.

5. Money will help me find love.


In my experience with women, they’re not attracted to money. They are, however, attracted to ambition and intelligence, especially when it presents as humor. Everyone’s attracted to people who are self-confident, non-needy, and able to laugh at themselves.

Like a peacock, wealthy people can easily attract attention. But attention isn’t the same as admiration or affection. And even if it works, do you really want to spend your life with someone so shallow and insecure they were attracted to your money?

6. I’ll have more fun if I have more money.


When I was young, I didn’t have two nickels to rub together, but I had a ton of fun. Today I have lots of nickels – and am happy to report, still having a riot.

There’s no doubt that money can furnish the elements of a good time. But if you need money to have fun, you’re boring. And should you become a billionaire, you’ll still be boring.

7. Money means security.


When you boil it down, a primary purpose of money is to make life more predictable. It allows you to control your environment by being prepared for the unexpected.

While that’s partly true, there’s not enough money in the world to completely control everything. I could have a heart attack and die before I finish writing this, and you could have one before you finish reading it. Accept that we’re all bobbing on a sea of uncertainty, no matter how much money we have.

8. Money will enable me to meet interesting people.


In my experience, you can’t swing a dead cat without hitting interesting people. But if I want to maximize my odds of meeting someone worth knowing, I won’t be heading to the nearest country club.

I’ve met plenty of fun and interesting rich people – but I’ve also met rich people who were vain, myopic, pretentious, and judgmental. They weren’t that way because they were rich. They were that way because they were born rich and as a result never had to overcome adversity.

Overcoming adversity is what makes people interesting, not how much money they have. People without at least a few skeletons in the closet are often shallow as a puddle.

9. I need money to travel, and travel is important.


The world is an interesting place, and being well-traveled makes you interesting. But travel comes in many forms, including the budget variety. If you want to see faraway places, you’ll find a way.

In my book Life or Debt, I conclude by describing the first book I ever read about something I love: sailing. The book was about a couple who built their own sailboat and traveled around the world, working when they needed to and never accumulating more than a few thousand dollars at a time. Their boat had no air conditioning, no refrigerator – not even a radio.

What most people do in the same situation is wait until they have enough money to buy what amounts to a floating condo: a boat that’s luxurious, seaworthy, and far too expensive to ever actually buy. The result is they spend their lives on the dock. What a waste.

10. Money will buy friends.


This is not only untrue, it’s the opposite of what money actually does. I’ve got a super-rich friend or two, and what I’ve observed is that money attracts plenty of hangers-on – but almost no friends.

People with vast wealth or fame can’t trust the motives of those surrounding them (see No. 5 above). That’s why the people they count as true friends are normally either people they knew before they were rich and famous, or people who are equally rich and famous.

There’s the advantage of being judged on your personality versus your net worth: The friends that result actually like you, not what you can do for them.

Createwealth8888's Top No 2 Blog Post!

Just For Laugh ...



Read Top No 2: Uncle8888's Secret in making money from stock market!!! (2)


It was posted on Sunday, 26 August 2012 and quickly it rises to Top 2.


Guess what most people are searching most in the Web. The Secret???




Sunday, 9 September 2012

Who says Market Timing is not important? (2)




Read? Who says Market Timing is not important?





 

The importance of not losing big: it is mathematically difficult to get back to even after suffering a large loss.

Who says Market Timing is not important?

 
 
 
Who says Market Timing is not important?
 
 
Did you read it from books?
 
Did your hear someone say it?
 
Did you experience it yourself?
 
 
 
But, Uncle8888 is telling you it is extremely important; otherwise we will be spending some lost years just trying to catch up with the previous Bull.
 
Here is the truth from me.
 
Five lost years since the last Oct 2007 Bull!!!!
 
 
 
 
Investing in stock market is more than just collecting dividends.
 
It is also about avoiding the deep plunge in paper wealth and the will to recover investing capital and to build up the war-chest for the next Great Battle.
 
 
 
 


Still Watching but No Play???

 
 
 
 
More cash rottening in the bank!!!
 
 
 
 
 
 
 
And the result of me not doing anything as shown in XIRR trending pattern as below:
 
 
 
 
No free lunch in the stock market!
 
It is all about this ...
 
 
 
 
 
But, in our Investing Mind .....
 
We can still choose ....
 






 
 

Friday, 7 September 2012

IMF ready to cooperate with ECB bond buying program: Lagarde

WASHINGTON - The International Monetary Fund on Thursday said it welcomed the European Central Bank's decision to launch a new and potentially unlimited bond-buying program to help struggling euro zone countries and said it was prepared to cooperate as much as it can.

"We strongly welcome the ECB's new framework, the Outright Monetary Transactions (OMT), for intervention in sovereign bond markets of countries accepting EFSF and ESM support for their macroeconomic adjustment programs and adhering to the associated structural and fiscal reform efforts. The IMF stands ready to cooperate within our frameworks," IMF Managing Director Christine Lagarde said in a statement. -- REUTERS

Thursday, 6 September 2012

Sembcorp acquires power assets in China for $106.7m


Sembcorp Industries (Sembcorp) announced on Thursday the successful completion of its acquisition of power assets in China from AES Corporation (AES) for $106.7 million, pending approval by relevant Chinese authorities.

Sembcorp subsidiary Sembcorp Utilities had earlier said it had signed a sales-and-purchase agreement with AES to acquire part of its power asset portfolio in China.

The acquisition included a 49 per cent stake in four wind power assets in Inner Mongolia and Hebei with a total gross power capacity of 247.5 megawatts, as well as a 25 per cent stake in a co-operative joint venture for a 2,100-megawatt, coal-fired power plant in Shanxi. The co-operative joint venture expires in 2016.

Said Tang Kin Fei, group president & CEO of Sembcorp: "This acquisition not only strengthens our global energy portfolio but also provides a platform to accelerate Sembcorp's growth in the renewable energy sector. In addition, we now have our first wind power assets in China, the largest wind power market in the world."

Sembcorp's renewable energy capacity, which now includes wind in addition to biomass, currently accounts for nearly 5 per cent of the group's total energy portfolio.

Sembcorp's energy and water operations in China have increased from 13 to 18 cities across 11 provinces.

The transaction is not expected to have a material impact on the earnings per share and net asset value per share of Sembcorp Industries for the current financial year.

Wednesday, 5 September 2012

More rig orders???


Will You Try To Pay Off Your Housing Loan ASAP If You Have One? (13)



Read? Will You Try To Pay Off Your Housing Loan ASAP If You Have One? (12)


Read? Should you pay off your loan even if you have extra cash?


By Wilfred Ling       

How will I advise my clients if they want to buy properties?

First, I always encourage my clients to pay off their loan as soon as possible for their own residential home. It can be HDB or private it does not matter. I encourage them regardless of the interest rate environment to pay off their residential mortgage because they need a physical place call home which is safe and not subject to any kind of risk such as foreclosure. For a fully paid up HDB, the property is protected from creditors. However, I will not advocate paying off the debt in a single lump sum as it can create a liquidity crisis. So I’ll have a proper pre-payment strategy in place for them. Say, if their loan was a 30 years loan, I’ll have a schedule of  pre-payments over the next 10 years so that their mortgages will be cleared by 10 years instead.


Createwealth8888

Is your only residential home loan your investment loan? Think again!

Tuesday, 4 September 2012

What you may not know???


Borrow the idea from La Papillion
** "BIAS" is a special feature in my blog where I get to say whatever I want with scant regards for your feelings. I'm not politically correct in this feature, so go ahead, judge me."


Read? Heaven and Earth – Polar Opposite of Two Financial Talks


Few year ago, I too have the similar experience with our local millionaire trader and author. I was then pissed off and lost my respect for this guy and stop visiting his blog too.

Few of my colleagues and myself paid $50 for his Candlesticks Technical Analysis Workshop and instead of spending the whole night do candlesticks analysis. He did something unexpectedly. We received more than just candlesticks analysis throughout the night.

In between every few slides he would put a few more slides to try to sell his more expensive Trading course at $X,XXX and wasted much of my precious time and made me damn pissed off.

He claimed to make millions from trading and even wrote a book to teach people how to make millions from trading and yet he was so hard up in trying to make a few thousand buck here and there by pushing his expensive Trading course during a totally unrelated event as we didn't come for a preview on his Trading course. We went to the Workshop to study more on Candlesticks technical analysis and not to waste our time listening to those rubbish Get Rich course.

Can you believe it or not? Someone who claim he made millions and yet so hard up in making thousands. I was dumb for words for these so-called Millionaire bums!



Read more What you may not know???

Monday, 3 September 2012

Keppel in winning bid for waste-to-energy facility in Poland


Proprietary waste treatment technology secures consortium’s win in Bialystok tender

SINGAPORE, 3 September 2012



Keppel Seghers Belgium NV (Keppel Seghers) is part of a consortium that has been awarded a contract for a waste-to-energy combined heat and power (WTE CHP) project in Bialystok, Poland.


The Engineering, Procurement and Construction (EPC) contract, awarded to the consortium for the 372 tonnes per day WTE CHP plant, is worth PLN 333 million (or approximately SGD 124 million) and is awarded by Bialystok’s municipal solid waste management company


A wholly-owned subsidiary of Keppel Integrated Engineering Limited (KIE), Keppel Seghers will execute 49.6% (by project value) of the work scope and supply its proprietary WTE technology to the facility. The remaining work scope will be undertaken by its consortium partners Budimex SA (Budimex), one of Poland’s largest construction companies and Spanish waste management company CESPA Compania Espanola de Servicios Publicos Auxiliares SA (CESPA).

Mr Janusz Marek Szymczukiewicz, President of LECH, said, “The bid by the consortium of Keppel Seghers, Budimex and CESPA was ranked most favourably as it was able to offer the best technical solution particularly in terms of energy production, with low emissions to the atmosphere at low operational cost.”

The plant will process approximately 120,000 tons of waste per year, reducing the amount of municipal waste sent to the landfill site in Hryniewicze from over 90% to about 12%.

The facility will generate approximately 7.5 MW of electricity during summer, while during winter, it will supply 17.5 MW of thermal energy to the Bialystok’s district heating and generate 5 MW of electricity to the grid. Subject to the requisite permits, construction is expected to start in 1Q 2013, with the project completion in 2015.

Sunday, 2 September 2012

Are you buying into business or just buying stock? (2)


Just For Thinking .....



Read? Are you buying into business or just buying stock?








Franking speak, small retail investors are just buying stocks to collect dividends and hopefully some capital appreciation along the way.


How about deep dive analysing company quarterly reports and annual report?

How about attending AGM?


From Uncle8888's many years of insider working experiences, do you think people at the Top know everything happening below before it is too late to do anything?





Investors. Know at least Pareto's Principle



Pareto Principle ~ “20% of the effort generates 80% of the results.”

Market Timing vs. Time in Market???

Fundamental vs. Technical Analysis?

Short-term Trading vs.  Long-term Investing???

For long-term investors, we should be observing Pareto's Principle.


80% patiently waiting for Market Timing and then spend 80% Time in Market with 20% of our effort will generate 80% of the results.

And then we spend another 80% market timing for next cycle.


Read? More articles on Laws

Uncle8888 took more than 12 years to finally understand these Laws!!!


Saturday, 1 September 2012

More condominium units returned in first half of this year

SINGAPORE: More buyers are returning their condominium units.

Figures from a Singapore property research firm show the number has doubled in the first half of this year, compared to the same period last year.

Between January and July this year, over 720 units have been returned.

The figure was 488 during the same period last year.

Buyers who return units forfeit 1.25 per cent of the property value.

Analysts cite two main reasons for the spike.

Lim Yong Hock, senior vice-president, PropNex, said: "In the past six months, some property prices have exceeded S$1,800 per square foot. Some buyers who purchase on impulse may later regret and pull out. Another reason could be (that) some buyers are unable to secure a bank loan."

- CNA/cc
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