Author: Create Wealth Through Long-Term Investing and Short-Term Trading

Investing For Retirement – My Road map for retirement income from 2017 to 2041 (2)

Read? Investing For Retirement – My Road map for retirement income from 2017 to 2041 Read? Investment Portfolio Management : Know enough, Know your yield, Know your risk Read?  Investing Is Not Gambing? Ben 18 January 2020 at 14:26 Smol, Investing gives one peace of mind. Simple. Ben Can investing give us peace of mind??? 1. Counting fixed income like interests is easy e.g. interests from war chest. 2. How about estimating future dividends? One way is reverting to mean value for very long period should be conservative enough. No? Taking 80% of 2019 dividends and used it as mean value for...

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Why Pursue Financial Freedom? (6)

So we could have the option to be coasting on our CURRENT job role if we want to? Read? Why Pursue Financial Freedom? (5) Read? Why we should be ‘coasting’ at work If you’ve ever felt like you’re doing just the right amount of work to get by comfortably – not to little, not too much – then you aren’t alone. Last year, a survey of 3,000 people found a third say they’re “coasting” at work. At face value, admitting to coasting in the workplace seems like a bad thing. Unlike others, who are putting in extra hours every day and...

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Investing For Retirement – My Road map for retirement income from 2016 to 2041

Read? Buying Stocks During A Financial Crisis Is A Bad Idea??? From 2000 to 2016, Uncle8888 has been investing for retirement; but from 2017 to 2019 he has been spending investment income and will be spending down (1) past accumulated investment income from 2000 to 2016; and (2) expected MINIMUM investment income from 2021 to 2041 will be coming from interests from war chest and 20% discounted dividends of 2019. This is his investing journey, road map and game plan for investing for...

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Why Pursue Financial Freedom? (5)

Read? Why Pursue Financial Freedom? (4) Read? F.I.R.E : FU$ Or No Thanks$ Let get Real! How many of us expect our boss or bosses to appreciate the idea of those working under them can one day say to them either FU or No Thanks and then F.I.R.E them! Those who “love” or “enjoy” or “happy” to work till official or forced retirement are unlikely to keep talking or mentioning to others on achieving or pursing financial independence or F.I.R.E. Do you know someone who love their CURRENT job so much and also keep talking about F.I.R.E? Uncle8888 would like to...

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Buying Stocks During A Financial Crisis Is A Bad Idea???

When Uncle8888 read this in the investment blogosphere: Investing For Retirement: Why Buying Stocks During A Financial Crisis Is A Bad Idea Walau!  Brother, Chun Bo? 20 years in the stock market; Uncle8888’s greatest regret in long-term investing is NOT having bigger war chest to cast his fishing net wider and deeper and deeper down during market crashes. His regret for catching just a few fish in earlier market crashes but NONE in 2008/2009 GFC. Bang head! That is his biggest mistake and regret! This shall NOT happen again in the next market crash! Buying Stocks During A Financial...

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Save more than 60%. No need to invest??? (8)

Read? Save more than 60%. No need to invest??? (7) Walau! This person really exists in Singapore and may make investment bloggers fall off their chair! He is single in his 40s! Great saver! Living on his own in 4 room HDB flat; and currently he has no intention to rent out his spare rooms as his privacy worth more than any additional “passive” income. No need for more money to build wealth for retirement??? Not investing! Even more shocking! Not even putting money in FD to earn more interests! Why worry so...

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Statistical Data Can Be Accurate But It May "Hide" Some Truth Behind These Numbers

Yearly household expenses have been seen to be reducing since after retirement in 2016. Spending lesser??? Lower inflationary impact??? Trust but verify – SMOL Coming CNY in 2020 is the first time Uncle8888 will be spending zero cent on his three children’s CNY new clothing. LOL! All his three children are on their own now supporting themselves. They have also taken over expenses like medical insurance premium and mobile plan payments into their own personal account. Sometime; they also pay for meals. Mother day, mummy and papa birthday dinner are covered by them. The statistical data is 100% accurate from Uncle8888’s...

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Unlocking SRS At 62 And Avoiding Being Taxed (3)

Read? Unlocking SRS At 62 And Avoiding Being Taxed (2) Uncle8888 has closed his SRS account yesterday as this retirement tool has reached its natural life span. He had contributed into his SRS over the last three years before his planned retirement in 2016 @ 60; and then immediately unlocked his SRS over the next three years upon reaching 62. 50% of SRS amount withdrawn is not taxable i.e. max $40K if there is no other taxable income included for the year of assessment. Hmm … the total amount of tax saving over SRS is nothing to shout...

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I am on Retirement Sum Scheme (RSS) (5)

Based on the two official replies from CPF 1. Estimated Monthly Payout from 65 to 88 is about $1,180 2. Estimated Monthly Payout from 65 to 90 is about $1,130 Read? I am on Retirement Sum Scheme (RSS) (4) 29 Dec 2019 09:20 PM You I already know the estimate from the calculator. But it only gives up to 23 years at 88 yrs old. How about from 89 to 90? What is the monthly payout? ——————————————————— Dear Mr Ng We refer to your email of 29 December 2019. If you would like your payouts to last you till age...

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Dec 2019 Investing Performance Report : 20 Years in local SGX stock market only (6)

Read? Dec 2019 Investing Performance Report : 20 Years in local SGX stock market only (5) Many investment Trainers like to use back-testing data points to convince people that their specially developed methodology will work in the future. Like that ah! 20 years of data points and back-testing Read? Peter Lynch on His Secret to Superior Returns Uncle8888’s 20 years of data points by back-testing; it also provided the evidence that it is worth the time, effort, patience, and discipline to build larger war chest and systematically deploys this war chest with right position sizing over a bigger number of stocks particularly fallen blue chips during...

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Dec 2019 Investing Performance Report : 20 Years in local SGX stock market only (5)

Read? Dec 2019 Investing Performance Report : 20 Years in local SGX stock market only (4) We live, earn, spend, save and invest! 20 years worth of statistics for one data point in Singapore. (1) Earned income after tax (2) Earned income after tax and excluding CPF i.e. cash available for spending (3) Household expenses for family of five; and supporting three children up to completion of their local university study (4) Net investment gains from investing stocks in SGX (5) CPF mandatory contributions Hmm … the financial capability to inject regular investing capital into his investment portfolio is his weakness...

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Don’t Predict The Market But Stay Focused On Long-term Returns???

20 years across market cycles of Bulls and Bears; Uncle8888 is finding harder and harder to understand these common investing lessons/wisdom prescribed by many investment writers! 1. It’s impossible to predict the market 2. Stay focused on long-term returns It may be true for someone who has accumulated some investing capital from their savings and just begins to invest for the first time. Don’t try to predict the market and start investing! But; for veteran retail investors who have been through one or more market cycles themselves may know that that these two lessons may not be really wise! 1....

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I am on Retirement Sum Scheme (RSS) (4)

Read? I am on Retirement Sum Scheme (RSS) (3) So based from CPF official reply … We refer to your enquiry of 20 December 2019. We’d like to clarify that your payout will be calculated based on your current Retirement Account savings, to last you up to 20 years from your payout eligibility age (i.e. 65), with a base interest of 4% a year. The extra interest paid by the Government (up to 2% per year) on your Retirement Account savings will be used to extend your payouts beyond 20 years, capped at your age of 90. Members who are...

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