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

Wednesday, 30 September 2015

Golar Cameroon FLNG Project Reaches Major Milestone

Hamilton, Bermuda: Golar LNG Limited ("Golar") announces that its Cameroon floating liquefied natural gas project has reached a major milestone with the final approval by all parties of the Gas Convention for the project. This final investment decision commits the project to a targeted start date for commissioning of second quarter, 2017.

At a signing ceremony in Yaoundé, Cameroon on Wednesday, September 30, Cameroon's state owned oil and gas company Société Nationale des Hydrocarbures ("SNH"), Perenco Cameroon ("Perenco"), Golar Hilli Corporation and Golar Cameroon (together "Golar") executed a fully effective and binding Gas Convention with the Republic of Cameroon which endorses and governs the installation and operation of the GoFLNG vessel in Cameroon waters offshore of Kribi.

The binding Tolling Agreement having already been agreed between Golar and Perenco, is expected to be formally approved by the 25% upstream partner SNH imminently.  This agreement establishes the terms under which Golar shall provide liquefaction, storage, and off-loading services to SNH and Perenco as upstream joint venture partners.

The signing today of the Gas Convention and the finalization of the Tolling Agreement terms facilitates the financing structure previously announced and will enable Golar to drawdown up to $700m from the facility to fund the ongoing conversion cost. It is estimated that no further direct funding from Golar will be required for the Hilli conversion, with the remainder of the conversion project being financed through this debt facility.

Golar, Perenco and SNH have for the past two years been developing a floating liquefied natural gas export project located near shore off the coast of Cameroon situated in an area of benign sea states and utilizing Golar's floating liquefaction technology ("GoFLNG"). The project is based on the allocation of 500 Bcf of natural gas reserves from offshore Kribi fields, which will be exported to global markets via the GoFLNG facility "Hilli", now under construction at Keppel Shipyard in Singapore. Golar will provide the liquefaction facilities and services under a tolling agreement to SNH and Perenco as parties of the upstream joint venture.   It is anticipated that the allocated reserves will be produced at a rate of 1.2 million tons of LNG per annum, representing approximately 50% of the vessel's nameplate production capacity, over an approximate eight year period. It is expected that production will commence in Q2, 2017.

Consistent with previous advice, the project in Cameroon is expected to deliver an EBITDA for Golar in the first full year of operation, based on the utilisation of 2 of the available 4 liquefaction trains, in the range of $170 million to $300 million, with a flexible tolling structure which correlates to Brent crude oil prices ranging from a floor of $60/bbl to a cap of $102/bbl. The Tolling Agreement also includes a tariff for a 3 train operation in case additional gas volumes can be processed or production advanced. Full production by 3 trains will increase the EBITDA to between $240 million and $430 million corresponding to the same range of Brent crude oil prices. 

Golar's CEO Gary Smith commented; "The achievement of this very significant milestone in the delivery of Golar's FLNG strategy is the result of many years of hard work and technical innovation by our employees and partners. We consider ourselves very fortunate to be developing our first FLNG project in a very professional partnership with Perenco and SNH who have provided a solid foundation to this ground breaking project. We genuinely believe the employment of this first speculatively ordered FLNG unit and the approval for development of the Kribi field sets a new standard for development of gas reserves. Golar's GoFLNG business model reduces the resource holder's capex and project execution risk, advance their cash flow and is flexible enough to develop smaller reserves. 

The Kribi field development was approved within a relative short time frame and delivers solid economics for all parties involved notwithstanding the current low oil and gas price environment. This approval clearly demonstrates the competiveness of the GoFLNG model vs other alternative approaches to LNG project development. 

Significant experience has been gained from this first GoFLNG project, which strengthens Golar's ability to assist other resource holders and developing nations to monetize reserves which currently are either dormant or sub optimally produced. 

Golar is increasingly encouraged by the growing portfolio of interesting FLNG projects currently being discussed and developed."

FORWARD LOOKING STATEMENTS

This press release contains certain forward-looking statements concerning future events and Golar's operations, performance and financial condition. Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future results, performance or achievements, and may contain the words "believe", "anticipate", "expect", "estimate", "project", "will be", "will continue", "will likely result", "plan", "intend" or words or phrases of similar meanings. These statements involve known and unknown risks and are based upon a number of assumptions and estimates that are inherently subject to significant uncertainties and contingencies, many of which are beyond Golar's control. Actual results may differ materially from those expressed or implied by such forward-looking statements.

9M 2015 Investment Performance Report


Read? H1 2015 Investment Performance Report

A Goal-based Approach Investing StrategyUncle8888 has adopted a Goal-based Approach investing strategy by setting for himself a 10-year progressive Goal Targets to be achieved for each year from 2012 to 2021.

Our investing journey is not Horse Race or Rat Race where we compete against others. 
No! It is our investment Marathon Race where we set our own pace and compete against ourselves to win our own race.


Year 4: 9M 2015 Result for Tap No 3 (Cash Flow from Investment Portfolio)

Achieved 32.9% against 34% of 2021 Goal Targets.







Investment Portfolio XIRR

Track, Measure and Visualize!


Without doing it; how to revise investing strategies and to improve year-on-year investing performance?

Investment Portfolio's XIRR includes all investable cash plus the current stocks value at market closing price as on 30 Sep 2015.

Since one year ago: -12.4%
Since 1 Nov 2008: -1.9%
Since 1 Jan 2003: +7.8%
Since 1 Jan 2000: +7.3%







The reality of riding market cycles of Bull and Bear














This reality cannot be anyhow extrapolated in any form of theoretical knowledge including the most popular form of compounding interests - the Eight Wonder of the World.

No. You can't!

Embracing Three Taps Solutions to Retirement Income For Life Model






Uncle8888's Wealth's Formula:

Wealth = Asset Value + Cash Flow

Where Sustainable Cash Flow = Tap 1 + Tap 2 + Tap 3

and volatile market pricing of Asset Value becoming less significant.

Since Tap No 3 is enough to supply the liquidity needs; Tap No 1 will remain shut.






Uncle8888's Tap 1 can sustain up to 2037 covering 81.2% of yearly household expenses without his investment income using asset-down strategy when it becomes necessary to do so.

Now, he will have a peace of mind of passing over this asset to his spouse, an investing idiot.
 






 
You might also like:

What Is Really Important In Long Term Investing???





No guessing here! 

Uncle8888 diligently tracked every position in his portfolio and knows how every position performs. 

There will be Good, Bad, and Ugly. We can't never escape!

How good, how bad and how ugly?


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


How good when he is right?

How ugly when he is wrong?

2 Good vs 1 Bad and 1 Ugly!


He has bought back his Kep Corp at $12.14 in Jul 2007. So high! How ugly can it be?

See for yourself!

Why Uncle8888 still choose growth-dividend strategy over income dividend investing even though he now aims for higher cash flow.

The wisdom of George Soros in play!








Monday, 28 September 2015

Is This STI Bear Market You Are Waiting For???






Sembcorp Establishes Presence in Bangladeh with New Power Project

- Approximately US$390 million power plant in northwestern Bangladesh to have a capacity of 426 megawatts

Sembcorp Industries (Sembcorp) is pleased to announce that it will be developing a 426-megawatt power plant in the Sirajganj district of Bangladesh under a public-private partnership, establishing the Group’s first foothold in this fast growing emerging market. This build-own-operate project was awarded to Sembcorp’s wholly-owned subsidiary, Sembcorp Utilities, by the Government of Bangladesh.

At a total project cost of approximately US$390 million, the combined cycle power plant will be fuelled primarily by natural gas, with high speed diesel as backup fuel. Expected to be completed in 2018, the plant will supply power to the grid under a 22.5-year power purchase agreement with the Bangladesh Power Development Board. Sembcorp will own a 71% stake in the project while North-West Power Generation Company, a subsidiary power generation company of the Bangladesh Power Development Board, will hold the remaining 29%. A joint venture company, Sembcorp Sirajganj Power Company, will be incorporated in Bangladesh to undertake the project.

Tang Kin Fei, Group President & CEO of Sembcorp, said, “We are pleased to secure this project as it provides us with a platform to grow our power business in Bangladesh. With Sembcorp’s track record in developing greenfield projects in emerging markets, we are confident of delivering this project successfully and look forward to working closely with our partner, North-West Power Generation Company. Bangladesh offers strong growth potential and we see the opportunity for us to further grow our utilities and other businesses in the country.”

Bangladesh is among the fastest growing economies in the world with a growing power market. The country’s real gross domestic product is forecast to grow more than 6% annually over the next 15 years, supported by steady growth in private consumption . More power plants are needed to cater to the increasing power needs from economic expansion, as present generation capacity is unable to meet the prevailing load demand of the country. The government also plans to add about 10 gigawatts of capacity over the next decade. With this growing energy landscape in Bangladesh, the country presents immense opportunities for Sembcorp.

“This is the first public-private partnership project with a foreign investor in the power sector in Bangladesh, and we are happy to be partnering Sembcorp in this landmark project. Sembcorp brings with it proven capabilities in developing, owning and operating energy facilities globally. We believe that together we can help to meet the growing demand of electricity in Bangladesh,” said A.M. Khurshedul Alam, Managing Director of North-West Power Generation Company.

Financial information
 
The total project investment of approximately US$390 million (approximately S$547 million) is expected to be funded through a mix of limited recourse project financing and equity. Lenders for this project will include multilateral agencies and commercial banks. Financial close of the project is expected in 2016. Sembcorp’s equity investment will amount to approximately US$68 million (approximately S$95 million) and will be financed by internal funds and borrowings.


This project is not expected to have a material impact on the earnings per share and net asset value per share of Sembcorp Industries for the financial year ending December 31, 2015.

- END -

Return On Investment: Actual vs. %???


$120K passive income p.a. 

So impressive! 

Is % equally impressive?


1,000% gain.

So impressive!

Is actual equally impressive?


This is how the Minority plays the big number game to grab the attention of silent Majority to follow them. The more vocal followers will sing their praises loud and clear.



How about Uncle88888's DBS yield on investment cost?


7.3% p.a. for SE Asian largest bank ex Japan and a strong brand.

Impressive?


But, time has arrived for him to change this big number game plan to trade % for actual. LOL!


Here is the switch from DBS in CPFIS to cash position for OSIM and DBS ...

Nothing to shout about on their yield.

OSIM: 4.2%

Re-entered DBS: 3.5%

But, the actual cash flow from these two positions is 27% higher than before the switch.


Wealth = Asset Value + Cash Flow

 
Read? Keep your Goals on hand and close to your ear and face??? (2)










 

 


 

 

Sunday, 27 September 2015

Our money cannot vanish!!!


Our money cannot vanish!

It is either we spend them willingly on ourselves and our beloved or one day, when strangers become close friends to help us to spend our money without us feeling any pain!

Beyond certain age when we can still count our money; we should stop to be frugal?

What do you think?

Another case ....




The Last Four Rounds: 3 Losers and 1 Winner as of now


As of last Friday market closing


1.Semb Corp: Round 54: Lost big!

Paper loss @ -29.2%


2. Kep Corp: Round 94: Lost big!

Paper loss @ -29.5%

 
3. OSIM: Round 1: Small win!

Paper gain @ 15%



4. DBS: Round 20:Too early to tell



Now, you may feel better knowing that Uncle8888 also perform badly even after 15 years in the stock market?

Losing is part of the Game. If one cannot take paper losses; then go and lend your money to SSB.











I score distinctions in my exam but not in the stock market (Refresh)

uncle

the ants and grasshopper story. is to teach readers to study, do homework. right?

i study and study, but also fail. like this how?

Again. Somebody asked the same kind of question.

This was posted on  

Sunday, 10 April 2011

Time flies. People come. People go; but the question that is asked still remain about the same kind.

 

Just For Thinking ...

Studying for School Exam

You are intelligent and very hardworking too. When you study hard and do more than what is required in your course, and you may score distinctions in many subjects in your field of study.

Studying for Stock Market Test

You are intelligent and work very hard in the stock market. You analyze very hard either fundamental or technical or both. You also study hard and wide (serious reading and understanding) on lots of finance and investment book. You even attended Gurus conducted workshops, seminars and training courses .

You trained yourself hard to become discipline of Dr. E, Mr. W, Prof. G or Guru Z; but still not doing well in the stock market. Why?

Possible Explanation

In your school exam, you are tested on what should you know. If you have learned more than what you should know then you can score distinctions.

But, the Test in the stock market are not the same exam in the school. The stock market doesn't set Test on what you have learned and should have know. But, it will punish you hard if you don't know and don't learn.

To do well in the stock market; it may require more than knowing more than studying harder. It is not the same as studying for your school exam; otherwise most of the scholars and 1st Class Hons graduates will become richer in the stock market.


It is not about acquiring more or better method; it is more about strengthening your own Mind and Money Management.
Of course, "Gurus" made their money from course fees by emphasizing on the effectiveness of their Method; otherwise what is there for them to teach?

Mind and Money Management? 

Probably, the whole concept of Mind and Money Management can be covered in less than two to three hours. 

How much to charge? 
How to follow up with mentoring?


The more market cycles Uncle8888 has traveled through his time; the more it becomes ... 


Less Analyzing. More  Investing - CW8888




Keep your Goals on hand and close to your ear and face??? (2)


Read? Keep your Goals on hand and close to your ear and face???

Then it was the asset pyramid but the target has been achieved. 


So what next?












Now, re-focusing on the power of the cash flow. The other component of the wealth formula.
 
Wealth = Asset Value + Cash Flow
























24 hours New Hawker Centre at Hougang Ave 9 at the CC


New place = Have to go and find out! Ha ha!



















Order $5 Big Prawn and Bak Teh noodle for breakfast.






















and pay by Kopitiam Card or Cash card?



No!

Pay by ....



























Saturday, 26 September 2015

After A Few Market Cycles ... Did More Veterans Learn Something??? (2)


Uncle

Since u predicted bear market/recession is coming.
why u didn't sell all your shares but holding 60%.

Read?  After A Few Market Cycles ... Did More Veterans Learnt Something???



Can Uncle8888 predict?

Of course, NO!

But, can he prepare?

Of course, YES!

 

How does he prepare?


Of course, he eats his own cooking!

His Wealth Formula:

Wealth = Asset Value + Cash Flow


When he is wrong he will collect his cash flow from his stock portfolio and his asset value will recover 


When he is right he will deploy his war chest and collect more cash flow from his stock portfolio and his asset value will one day recover even stronger.





















Who can predict the market?


This veteran ----> One veteran sent me this note last night ... 

Another two veterans

Createwealth8888 till today can still remember clearly when two very experienced cyber investing kakis in the stock market who believed in their favourite and trusted Guru's view in Mar 2009 were congratulating themselves for staying very cash rich in Mar 2009. One was 90% cash and the other 100% cash!!! 




 

How To Make Long Term Investing Works For You???


Read? Does Long Term Investing Always Work?

Look closely at Uncle8888's Blog head banner when he started blogging on ...


Sunday, 19 November 2006

 


The journal begins ...

 

Today, I take the first small step to start this journal, hope that it will be fun after seeing my children blogging. So I am disputing my youngest son that I am not that old fashioned.















Coming to 9 years of blogging soon!

Hope many silent readers have benefited from these years of reading.


How to make long term investing works for you?


Some will think our success in investing could be due to luck and market timing.

Yes! For short term investing of less than one market cycle, Uncle8888 fully agreed it could be due to luck and market timing; but to survive and continue to build up your wealth substantially from the stock market over decades of several market cycles of bulls and bears.  It will require more than luck and market timing. 

You may be lucky to get into the stock market at the best market timing; but you may not make more money from your luck and the best market timing.

Here is the real people and true story ..

One office auntie who is also another silent reader here has mentioned she bought DBS @ $7.51 in Mar 2009. It was 2 cents lower than Uncle8888's DBS @ $7.53 bought during SARS crisis in Apr 2003. 

She only made small profit as she had sold her DBS way too early.

Her yield on investment cost for DBS @ $7.51 for holding SE Asian largest bank and strong brand is about 7.7%; but she has sold it for small profit.



How bad is 7.7% yield from a strong brand?


So what is the moral of the story?

The answer came from long long ago from this sifu ...


Read? Should our investing decisions be continuous struggle??? (3)

In the famous book entitled Reminiscences of a Stock Operator, Jessie Livermore said: “After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight!

It is no trick at all to be right on the market. You always find lots of early bulls in bull markets and early bears in bear markets. I've known many men who were right at exactly the right time, and began buying or selling stocks when prices were at the very level, which should show the greatest profit.

And their experience invariably matched mine -- that is, they made no real money out of it.

I found it one of the hardest things to learn. But it is only after a stock operator has firmly grasped this that he can make big money. It is literally true that millions come easier to a trader after he knows how to trade than hundreds did in the days of his ignorance.”

Men who can both be right and sit tight are uncommon.




For those who still strongly believe in luck and market timing for long term investing; there is something to learn from this office auntie's story. No?
 


So how to make long term investing works for you?


Like it or not!

Long term investing is still a Game of Strategies.

What are your investing strategies?

What is your Game Plan?

What are Uncle8888's investing strategies and his Game Plan?

All can be found in this blog; but it will require your time, effort and energy to discover them.

Self-discovery is your true learning. It is the same way Uncle8888 has done it. No free lunch! No paying $X,XXX for course fee either! 

Uncle8888 has learned it all free from the cyber world and NLB's book shelves.
 
Now, office auntie said she will be brave and strong in the next Bear market.

She has to prove it to herself!




 






Friday, 25 September 2015

STI since 1990 : Mind her History???







Invest Like An Ant, Not A Grasshopper???


Good contribution from Ray Ng. Thank you!

蚂蚁和蟋蟀的寓言




文/端宏斌


在夏天,蚂蚁们是辛勤的劳动者。

但蟋蟀呢?天天“叽哩叽哩”的唱着歌,过着游手好闲的日子。

蟋蟀对蚂蚁的辛勤工作感到非常奇怪。“喂!喂!蚂蚁先生,
为什么要那么努力工作呢?偶尔稍微休息一下,像我这样唱唱歌不是很好吗?”可是,蚂蚁仍然继续工作着,一点也不休息。

蟋蟀不再理蚂蚁。“啊!真是一些笨蛋!”

夏天结束了,秋天也过去了,冬天终于来了。

蟋蟀瘦得不成样子,到处都是雪,一点食物都找不到。

蟋蟀眼看就要倒下来,蹒跚的走在雪地上。

一直劳动着的蚂蚁,冬天来了也不在乎。因为有丰富的食物。

当蟋蟀找到蚂蚁时,蚂蚁们正快乐的吃着东西!

“蚂蚁先生,请给我点东西好吗?我快要饿死了!”

蚂蚁们吓了一跳。“咦!你不是在夏天里见过面的蟋蟀先生吗?你在夏天里一直唱着歌,我们还以为你到了冬天会是在跳舞呢!来吧!吃点东西,等恢复健康,再唱快乐的歌给我们听好吗?”

蟋蟀吃着东西,忍不住落下悔恨的眼泪。

童话续集

我们的故事从第二年的夏天开始。


冬去春来,春去夏又来,蚂蚁们继续着他们祖祖辈辈的辛勤劳动。这时他们又遇到了蟋蟀先生,正如大家所预料的那样,蟋蟀先生并没有想要劳动的意思,仍然是一副老样子,成天“叽哩叽哩”的唱着歌。

蟋蟀先生对蚂蚁们说道:“喂!喂!蚂蚁先生们,为什么要那么努力的工作呢?偶尔稍微休息一下不是更好吗?跟着我一起唱歌吧。”

蚂蚁们很生气,回答道:“你听好,蟋蟀先生,你怎么又在唱歌了?难道以前的事你都忘掉了吗?”

蟋蟀先生说:“当然没有忘记,我很感谢你们对我的帮助,但是偶尔休息一下聊聊天也挺好呀。顺便也可以听听我的歌。”

蚂蚁们对蟋蟀先生的回答很不满,回答道:“蟋蟀先生,我们对于你说的话感到非常失望,如果你打算继续唱歌,我们也无权阻止你。但请你在冬天的时候不要再来向我们乞讨吃的,我们不会再把自己的劳动所得分给你。对不起,我们要开始干活了,再见。”

蟋蟀听完蚂蚁的话似乎感觉有点尴尬,说道:“那好吧,原先我是想向你们说说我的某些发现。但既然你们这么讨厌我,那就等到冬天再说吧。”

说完,蟋蟀走了。蚂蚁们纷纷开始摇头,他们知道江山易改,本性难移,等到冬天蟋蟀肯定还会再来找他们的。

夏天结束了,很快秋天也过去了,终于冬天来了。

天空开始下起了小雪。蚂蚁们此时正在家中吃着夏天收集的食物,忽然有一只蚂蚁慌慌忙忙的跑进来说道:“你们快出来看看,蟋蟀来了!”

其他蚂蚁说道:“果然,这家伙又来向我们要吃的了。”

但跑进来的蚂蚁说:“不是的,他是来向我们送吃的!别说了,你们出来看一下吧。”

蚂蚁们都跑出来看热闹。只见蟋蟀是开着一辆豪华车来的,边上还坐着一位年轻的母螳螂,似乎是他的女朋友。看到蚂蚁们都出来了,蟋蟀从后备箱拿出大量吃的东西,同时说道:“蚂蚁兄弟们,我给你们送吃的来了,上回冬天你们给我吃的东西太好吃了,这回我也送些好吃的给你们。

蚂蚁们简直不敢相信自己的眼睛。一只蚂蚁说道:“蟋蟀先生,你发达了!”

蟋蟀笑着说:“做点小投资,小赚赚。”

蚂蚁们一下子就把蟋蟀围了起来,七嘴八舌地问蟋蟀是怎么发财的。

蟋蟀搓着手说道:“其实半年前我就想和你们说了,只是你们不给我机会。说来很简单,上回冬天你们给我吃的东西,当时我注意到食物的价格非常高,已经高得离谱了,所以我就跑去市场上卖空粮食。等到夏天,我发现食物的价格低得离谱,于是我就补回,并且大量做多粮食,现在你看,价格又涨上来了……”

蚂蚁们一边听一边流着口水,一副羡慕的样子。蟋蟀边讲边把好吃的都搬了出来,最后他说:“医生告诉我,现在这儿的天气对我的身体不好,所以我打算跑去南方度假,顺便来看看大家。明年见,我的蚂蚁兄弟。”

目送着蟋蟀飞驰而去,蚂蚁们忽然觉得自己白活了这么久,这些都是明摆着的事情,为什么自己早先却没有看出来?一想到蟋蟀成天唱歌无所事事就赚这么多,而自己每天蝇营狗苟累得半死,也没多少好处,蚂蚁们心里极不平衡。

当天蚂蚁就作了个决定:好处不能让蟋蟀一个独享,所以我们也要马上加入这场投机盛宴。

时间过得很快,转眼又是夏天了,蟋蟀从南方度假归来,想去探望一下蚂蚁兄弟们。于是他来到蚂蚁工作的地方,可是连一只蚂蚁也没看见。他又来到蚂蚁的家门口,开始高声唱起歌来。过了一会儿,蚂蚁们出来了。

蟋蟀似乎发现蚂蚁们少了许多,于是问道:“我的蚂蚁兄弟,最近过得可好?”

蚂蚁们有些愁眉苦脸,回答道:“很不好,我们损失了一半的兄弟。都是饿死的。”

蟋蟀简直不敢相信自己的耳朵,说道:“饿死?没有搞错吧!勤劳的蚂蚁也会饿死?”

一只蚂蚁走过来说道:“我来告诉你发生了什么……”

原来,当初蟋蟀的拜访给蚂蚁带来很大的震动,他们第一次开始去了解市场行情,发现食物的行情每天都在创新高,蚂蚁们坐不住了,他们把所有的积蓄都投入了食品交易,由于蚂蚁们天生勤劳的性格,他们每天都要做十次以上的交易,要是不做点什么就觉得浑身不舒服而且生活也缺少了意义。

最后,到春暖花开的时候食品价格达到了难以想象的新高,所有蚂蚁都赚钱了,大家很高兴。期间经历过数次价格暴跌,但都挺过来了,蚂蚁们认为市场将永远保持上涨。

与此同时各类消息满天飞扬,例如:著名评论家屎壳螂先生发表研究报告称,食品价格会下跌是没有道理的,因为屎壳螂们已经有数月没有在野外找到新鲜食物了,这证明了食物的短缺将延续很长一段时间,因此价格将继续保持上升通道。

听到这里,蟋蟀差点笑出声来,他打断了蚂蚁的陈述,说道:“你们被该死的屎壳螂骗了,屎壳螂是吃屎的,你们不吃屎,他说的食物和你们说的食物是两码事!”

那只蚂蚁回答道:“谁说不是呢,但请听我说完……”

屎壳螂刚发表完研究报告就被人揭露了这一致命错误,但屎壳螂毕竟是专家,他很快发表了第二份研究报告,并精辟地指出粪便是食物的延续,也就是食物的衍生品,假设每十单位食物可以产生八单位粪便的话,在食物价格高企的情况下,粪便的价值明显被低估了。有理由相信,粪便在此后的表现将远远优于大盘。因此决定将粪便的评级从“谨慎持有”上调到“坚决买入”。

蚂蚁们实在看不出这份报告有什么问题,在逻辑上完全正确。因此按照屎壳螂的推荐,拼命购入粪便,进行囤积。蚂蚁们只知道粪便的价格会涨,因此买入,又由于粪便市场原本就小,一买就涨,蚂蚁很开心,纷纷称赞屎壳螂是“有良心的股评家”。

与此同时,屎壳螂获得了大量的经济利益,由于钱实在太多,使得屎壳螂竟然放弃了吃屎的传统,转而吃真正的食物了。因此,蚂蚁竟成了市场上唯一的粪便买家。

随着天气越来越暖和,高价食物终于开始下跌,同时,粪便市场也终于大崩盘。蚂蚁们损失了所有的钱财和食物,手上剩下的只有大量的粪便。

蟋蟀一边听着,一边不住的叹气,说道:“这么说来,你们是靠吃大便活到现在?”

蚂蚁们点点头,其中一位老蚂蚁说:“那些不愿意吃的弟兄们都死了,愿意吃的都活到现在。不过话也说回来,这东西闻着臭,吃起来还挺香的,嘿嘿。”

蟋蟀听完,觉得肚子里一阵阵的恶心。

一只蚂蚁站出来说道:“别说没用的了,蟋蟀先生,今天机会很好,我很想问问你,为什么我们搞到最后竟然要吃大便?”

蟋蟀想了想,说道:“你们具体吃什么我不知道。我只知道夏天买入,冬天卖出,其他时间我什么也不做,我要享受生活。仅此而已。”

蚂蚁听了觉得很惊奇,纷纷说道:“难道就这么简单?”

“是的,就是这么简单。”蟋蟀轻轻地说。


CW88888: Grasshopper reaches FIRE (Financial Independence Retire Early) while Ants are still busy working and hoping to be re-employed till 67.

Follow Grasshopper or the large community of Ants?


Invest Like An Ant, Not A Grasshopper

















Thursday, 24 September 2015

Top Up CPF SA From CPF OA? Depending On Who You Ask! (6)


Read? Top Up CPF SA From CPF OA? Depending On Who You Ask! (5)

Be very very patient with CPF Investment Account while earning your 2.5% CAGR. Great STI Sales is definitely worth waiting for.

Read? Your CPF Investment Account : Uncle8888's foolish advice again!!! (4)

Uncle8888 loves his CPF Investment Account and still maintaining it after 55.


 

Wednesday, 23 September 2015

DBS : Bought @ $16.98 for Round 20



Round 19: ROC +178%, 4,385 days, B $7.53 S $21.04
Round 18: ROC +144.7%, 2,174 days, B $8.27 S $20.31
Round 17: ROC - 31.1%, 232 days, B $24.20 S $16.80 
Round 16: ROC - 21.6%, 222 days, B $23.20 S $18.32
Round 15: ROC - 18.1%, 186 days, B $22.90 S $18.88
Round 14: ROC - 9.2%, 70 days, B $21.00 S $19.20
Round 13: ROC +9%, 65 days, B $20.50 S $22.50
Round 12: ROC +10.6%, 8 days, B $20.50 S $22.60


Total Return: 283% over 12 years or 11.8% CAGR!

Return money back to CPF OA



































Monday, 21 September 2015

Following someone investing idea? (2) : About time to do a refresh!


Tuesday, 31 May 2011

 

Read? Following someone investing idea? (2)

Another silent reader has been seriously reading past blog posts. The last silent reader who did was in Dec 2012!

Uncle,

I started reading your 1st blog post from 2006 since my first email to u n hope to improve my investing knowledge. Really alot info there although some posts i not quite understand. Read till Aug 2009 now, u said need to measure the CAGR. 

Good Morning Uncle,

I am one of the silent reader of your blog, can i learn DIY investing from you?

I started investing two years ago, my portfolio until now all red red because i just follow people buy and never do any homework. No strategies and plan action as newbie. When market drop last few days i also dont dare to buy, just hope my portfolio to breakeven later but it seems abit difficult.

Thanks in advance.
 Uncle,

Some guru said " be greedy when others are fearful".
If like that, v should buy oil & gas stocks which are unloved now.  But hor, catch the falling knives very dangerous also.

See the portfolio drop quite alot, actually v should be patient right? But then when v should re- balance our portfolio? Read alot people cut loss to increase their cash balance. Think v shld sell when market is doing well, mayb should control our mind.
 Uncle, 

Read thru yr blogpost till Jul 2012, realised that v shld concentrate on local stocks and not REITs & Trust. bcos of the % payout & div yield. Since i have active employment, cash flow from div shld not be my main consideration of choosing stocks.

After consider the foreign currency risk, i plan to sell the foreign REITs & Trust which are denominated in IDR & Yen. So tht can gt back some money and deploy it when opportunity arise. 

Hope to change my habit of collecting losing positions.

Mind, Method & Money......need time to find out how to use it properly

Thx for the blogposts.....still in progress reading
CW8888's reply: Wow. You are among the rare few who took your precious time to slowly digest.
 Haha...bcos lose until need to find way improve my skill.

Went to seminar and workshop, they teach the calculations which i dont think is helpful. 

I like this quote

"Our initial big losses may actually be a blessing in disguise to prevent us from doing more foolish thing in the future."

SEMBCORP DIVESTS SEMBSITA PACIFIC AT AN EXPECTED S$350 MILLION* GAIN

SINGAPORE, September 21, 2015 – Sembcorp Industries (the Group) announces that its wholly-owned subsidiary, Sembcorp Environment, has signed an agreement to divest its 40% stake in SembSita Pacific Pte Ltd (SembSita) to 60% joint venture partner, Suez Environnement Asia (Suez), for a sale consideration of A$485 million. SembSita is an investment holding entity for an integrated waste management business in Australia.

This divestment will result in an expected net gain of approximately S$350 million* for the Group for the financial year ending December 31, 2015.




 CW8888: $0.15 dividend for 2015 should be there?



Commenting on the divestment, Sembcorp Industries Group President & CEO Tang Kin Fei said, “Since we first invested in SembSita in 2000 with Suez, the joint venture has grown significantly and become one of the leading integrated waste management players in Australia. Proceeds from its sale will provide us with additional resources to invest in businesses and markets with high growth potential, in line with our focus on the energy and water sectors.”

The divestment is subject to Foreign Investment Board Review approval in Australia, and is expected to be completed by the fourth quarter of 2015.


- END -

Sunday, 20 September 2015

Top Up CPF SA From CPF OA? Depending On Who You Ask! (5)



Read? Top Up CPF SA From CPF OA? Depending On Who You Ask! (4)

Here not much theory but more hands-on experience!

This wealth formula from CW8888. Die die you must understand!

Wealth = Asset Value + Cash Flow

Trust but verify - SMOL

Verify. Verify. Verify till you fully understand the huge difference between Asset Value and Cash Flow.

Transfer from CPF OA to CPF SA?

Uncle8888 did it only once; but he couldn't really recall why he did it. Probably, at that time he could have been seduced by some sexy article somewhere on the magical 4% CAGR CPF SA compounding machine. But, the following year, probably after reading too many investment and finance books; and more hands-on practices in the stock market; he became wiser and was able to overcome the sexy temptation of magical 4% CAGR CPF SA and not getting himself locked more into this One Way Traffic.

Wealth formula again!

Wealth = Asset Value + Cash Flow

Topping up CPF SA is nice and risk free compounding; but it only has asset value with cash flow locked till 65.  For the younger CPF members they may see locking up to 67 or more.

From 55 to 65; asset richer but no cash flow from this richer asset. Shiok?

Looking back; Uncle8888 was happy for not topping more into his CPF SA from CPF OA; otherwise he could have joined the two jokers to shout for Return Our CPF!

He was personally affected by the shifting goal post from 55 to 60, 60 to 62, and then 62 to 65!

Imagine he was happily topping every year to his CPF SA and expecting to receive his cash flow at 60 but the goal post was shifted to 62 and then shifted again to 65 before he reaches 55. Tua Tulan! Right?
 
No. Uncle8888 didn't tulan as he didn't put more. Now with a bigger lump sum in his CPF OA; after 55 at his own time and own target once a year he can decide how much cash flow he wishes to withdraw to spend or invest for higher yield when Mr. Market presents him the rare opportunity.

Compounding asset is wonderful; but cash flow is indispensable when we seriously need them.


People top up their CPF SA. You top up?

People has plenty of liquidity. You also have?

Can anyhow follow?


 




 



 

 

Passive Income and/or Eating Off Our Capital (War Chest)???


How many investment bloggers will deliberately choose to eat off our capital (war chest) as supplementary to passive income strategy as sustainable retirement income for life?

 
Our passive income strategy may come from dividend incomes (dividend payout ratio of 90% or more), growth dividends (dividend payout ratio of 60% or less) and rental income, etc

Dividend incomes are not that difficult to find. Come Monday, we can get from the market at least 6% yield; but not for growth dividends. For that, we may have to wait for years for Mr. Market to throw them at us. While waiting for growth dividends opportunity; so how?

One way is to eat off part of our capital (war chest) while waiting. 

This will be the cost of premiums for growth dividend and capital appreciation investing strategy. This may not be the preferred investing method by most investment bloggers for financial independence; but it is not necessary bad.

Uncle8888 is taking this approach as he is hungry for growth and not giving up to find more multi-baggers.
 


 


The Reason Now You Can See Them???


uncle

u got semb corp and keppel corp?

you bought at very low price?

Hmm ...
The reason now you can see them at very low price because Uncle8888 has been holding them for a long time. If they were sold much earlier; you won't be seeing them now and asking. 

Right?




Saturday, 19 September 2015

Book : The Busy Doctor's Investment Guide


Okay. Got another unread investment book to borrow from NLB.

Hmm ...

Wah!


"And being frugal was all I had learned from my dad about money. But fragility carries with it a scarcity mentality." ....



This is the first time Uncle8888 read about unfavorable view on frugality from an investment author. Uncle8888 tends to agree. Not sure how many of us may tend to agree?


Our unspent money can never disappear. It will be eventually spent by others or even spent by some strangers who became close "friends".






OSIM


How come Ron Sim keep buying?

He now holds 66.21%

Undervalued?




Top Up CPF SA From CPF OA? Depending On Who You Ask! (4)


The two CPF jokers have lost in GE2015 !

Read? Top Up CPF SA From CPF OA? Depending On Who You Ask! (3)

Recently; Uncle8888 has been reading increasing interests in topping up CPF SA.

He did once to top CPF SA from his CPF OA and then realized .. oh dear and stopped!

One and only once!

Probably; the lone voice that is lost in loud CPF SA drummers!

For long journey ahead; beware of One Way Traffic as there is NO turning back when you realized you have miscalculated your liquidity needs.

Wealth = Asset Value + Cash Flow


People top up their CPF SA. You top up?

People has plenty of liquidity. You also have?

Can anyhow follow?
 
 

 









 

Friday, 18 September 2015

How Much Is Enough To Retire???


Which theory to follow?

Listen to who?

Some bloggers even give you more theories to digest. So how?

Nothing beat your own hands on experience.

Diligently track your annual household expenses to know how much is enough for you. No theory. Just hands on experience!

More chun. Right?
 






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