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

Over the last 20 years; what has changed in training courses for “passive” income for early retirement or retirement income???

In those days; it was option trading for “passive” income for early retirement or retirement income. The famous and most popular school of option trading kena sued and now the “Guru” is changed man! Lesson learnt or crash got sound! LOL! Another one tio reprimanded by MAS and also disappeared.  A blogging world friend also started option trading but quietly switched gear to teach investing as trading is harder! You can’t be wrong with option trading as most options will expire worthless. Collecting premiums is passive income. Right? Hmm .. in those days. FIRE is not invented yet! Recent...

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Now I Am NOT Climbing To The Next Peak Of MT Stupid In Investing World!

Read? The Dunning-Kruger Effect Hmm … 20 years in the stock market and of course Uncle8888 has been there before –  climbing The Peak of MT Stupid in investing and thinking he was Great! To be honest; you and you alone have to climb this peak to realize how to achieve sustainability for future decades. This time is different – It is about sustainability and next market crash is likely less emotionally and financially impacted!  ...

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When the pursuit of wealth does not bring happiness

When the pursuit of wealth does not bring happiness The original goal of a happy retirement free from financial worry is replaced with a host of other concerns IN almost three decades of managing money, all our clients had targets to grow their wealth by multiples. Clients with $2 million targeted about hitting $10 million and retiring. The ones with $10 million had ambitions of retiring with $200 million. The ones with $200 million wanted to become… Read? Dementia : Financial Planning??? Now we as investors or traders …. When we become dementia … The question is for us to...

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The Tale Of Three Old Men In The Same Office Space (True Story) – 3

Thursday, 7 July 2016 Read? The Tale Of Three Old Men In The Same Office Space (True Story) – 2 NDR 2019: New retirement, re-employment ages of 65 and 70 by 2030; higher CPF contributions for older workers. What can happen on ground regarding re-employment is NOT within the control of Government. Re-employment is NOT mandatory. Your job can anytime be “redesigned” by your bosses to test your tolerance level. Uncle8888 was 60 yrs old man who has retired on 30 Sep 2016. 61 yrs old man who was re-employed on 2017 after 62 on yearly contract basis and his boss...

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NDR 2019: New retirement, re-employment ages of 65 and 70 by 2030; higher CPF contributions for older workers

SINGAPORE: Singapore will raise the retirement age and re-employment age to 65 and 70 respectively by 2030, alongside increases in the Central Provident Fund (CPF) contribution rates for older workers. This, announced by Prime Minister Lee Hsien Loong on Sunday (Aug 18), comes after the Government accepted “in full” the recommendations put forward by a tripartite workgroup studying the country’s ageing workforce. ——————————————————————————————————— You can make withdrawals from your SRS account over ten years from the date of your first penalty-free withdrawal. Withdrawals are penalty-free only if they take place after the statutory retirement age that was prevailing at...

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I Leverage On Market Timing And Patience

There is no free lunch in the market. When we leverage or indirectly “leverage” we have to pay premiums or interests. Premiums or interests have been paid and every year these options have expired worthless for more than a decade and still counting. When we are wrong; we lost the cost of premiums; but when we are right when time comes. Hmm … next batch of Golden geese that lay eggs for next decade or more! How much do these premiums add up?...

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Leverage on S-Reits to boost ROC???

Hmm .. interesting! Is there something with Maths below? Powerful ROC from leveraging? For example; if one has $110K capital to invest. Without margin account: One can fully invest $110K for e.g. 7% dividend yield   Leverage on margin account : 1. One can invest $100K for e.g. 7% dividend yield. 2. Leverage $40K on margin account at net 3.5% dividend yield after offsetting 3.5% interests payable to broker. 3. $10K as cash reserve to top up margin call when necessary   Does leveraging on margin account to improve yield on own capital look fantastic? Really? Or something wrong with...

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What is actually market timing???

Often we are hearing FAs or vested interest telling us not to time the market but stay invested for long term. 1. What is actually market timing?  2. What is stay invested for long term? Uncle8888 has been staying invested for 20 years and definitely qualified to be classified as long term investor. No meh??? Why long-term investor cannot be timing the market? Wrong meh? Is this long-term investing and timing the market mutually exclusive? You believe in FAs and Vested interest selling investment products? You don’t time the market but stay invested for long term. Hmm .. they...

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Dow tanks 800 points in worst day of 2019 after bond market sends recession warning

Stocks plunged Wednesday in the Dow Jones Industrial Average’s worst performance of 2019 after the bond market flashed a troubling signal about the U.S. economy. The Dow dropped 800.49 points or 3.05% to 2,5479.42, its worst percentage drop of the year and fourth-largest point drop of all time. The S&P 500 fell 85.72 points or 2.93% to 2,840.6, while Nasdaq Composite declined 3.02% to 7,773.94. The Dow gave up the entire rebound from a sell-off earlier in August and fell to a two-month low. The yield on the benchmark 10-year Treasury note on Wednesday briefly broke below the 2-year...

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Lump Sum Investing

What is a lump sum investment? Definition of ‘Lumpsum’ Definition: A lump sum amount is defined as a single complete sum of money. A lump sum investment is of the entire amount at one go. For example, if an investor is willing to invest the entire amount available with him in a mutual fund, it will refer to as lump sum mutual fund investment. Who is most likely to advise that you do lump sum investing?  FAs. No? Unlikely your close friend or relatives who are active investors themselves won’t dare to suggest that you go and do lump...

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As Retail Investor; The Only Reason Why We Need To Pick As Many Stocks As Our Account Size Permits Across Market Cycles Of Bulls And Bears

Real retail. Real outcome. Real DIY. Real losses! Lynch provides insight on how to achieve exceptional results In an interview he gave to PBS, Peter Lynch discussed what is needed to achieve a track record similar to his. Even though the answer seems simple on the surface, it has many insights that are worth commenting on. Q: Was that your secret? A: Well, I think the secret is, if you have a lot of stocks, some will do mediocre, some will do OK, and if one or two of ’em go up big time, you produce a fabulous result....

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Skin In The Game (3)

Read ? Skin In The Game (2) When someone is telling you that he or she has a skin in the game and tell you to trust and believe! Do you understand the moral of story below? 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...

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Investors Turned $100k into $375k by Investing in This Blue-Chip Stock

Read? Investors Turned $100k into $375k by Investing in This Blue-Chip Stock Uncle8888 smiled when he realized it is DBS! Classic hindsight wisdom investment article! Like that; he can also write like this . LOL! One uncle from Hougang HDB heartland turned $100K into $507K by investing in DBS during SARS period in Apr 2003. His purchase price is $7.53. Total dividends received per share is $11.93 and capital gains per share at today closing price is $18.72 No lah. That is just half truth on the real battle ground in the stock market! Theory is just theory! We are controlled...

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Almost all retirees make this mistake

When Uncle8888 saw this article popping up as FB notification; his eyes opened wide! Walau! Mistake by retirees! He doesn’t want to make this mistake too! Read? Almost all retirees make this mistake Portfolio rebalancing is universally practiced — and rarely examined Beware the conventional wisdom. Author photo By MARK HULBERT COLUMNIST Retirees (and soon-to-be retirees) should regularly rebalance their portfolios, right? That advice seems unobjectionable, of course. It certainly is repeated often enough. But Humphrey Neill, the father of contrarian analysis, advised us to be skeptical of any advice that is almost universally repeated. He famously insisted: “When everyone thinks alike, everyone...

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FIRE Is That Easy As We Have Thought (3)

Read? Single elderly households in Singapore need S$1,379 a month for basic needs: study Read? FIRE Is That Easy As We Have Thought (2) Last week; Uncle8888 went back to his ex-office cafeteria to have kopi with his ex-colleague who will retire next week at 60. Official retirement age is at 62 and can be re-employed till 67. Why retire early when we can still work for a few years to build up fatter retirement fund? For one simple reason? Yes, we may love our job; but we may not love the workload throws at us especially during the tail end...

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