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

Bitcoin drops below $10,000 with $30 billion of value wiped off in a day as cryptocurrency sell-off deepens

Read? The Power Of Nimble!!! CW8888: So far; on what he had read on those few investment bloggers who were blogging about their “investment” on bitcoins. He doesn’t think any of these bloggers are hit badly by current bitcoin crash. That is power of nimble! Bitcoin fell below $10,000 for the first time since November, as a sell-off in cryptocurrencies continued for a second day Wednesday. The world’s largest cryptocurrency was trading at $9,958.31 at about 6:50 a.m. ET on Wednesday morning, and was down almost 12 percent in the last 24 hours, according to CoinDesk data. CoinDesk tracks prices from...

Read More

Building Net Worth For Retirement : Lifetime Of Earned Income As Employee, Investment Journey Of Winning And Losing And Then Into Retirement Distribution Phase

For those who can appreciate Waterfall chart! This one chart tells the complete story of Uncle8888 on how he has built his net worth from lifetime of earned income after tax for 39 years as employee from Aug 1977 to Sep 2016; and 18 years of investing journey from Jan 2000 till now through several market cycles of Boom and Doom suffering large losses as well. It is a investing journey of pains, doubts, and learning! When we lost too much in the Bear market; and we will be spending the next Bull trying to recover from large loss...

Read More

Should I Use CPF OA or Cash To Pay My Home Mortgages???

OT834 January 2018 at 12:24:00 GMT+8 Hi Uncle CW, Huat ah! Power! But nowaday all use CPF to pay house. Even mandatory contribution also doesn’t have much compounding effect already. Hmm …. may be how some of you or many of you also think like OT. Should I use CPF OA or cash to pay my home mortgages? Three scenarios for home mortgages here: 1. No spare cash so no choice has to pay home mortgages with CPF OA 2. Use spare cash to pay home mortgages and CPF OA to earn compounding 2.5%  interests 3. Use CPF OA pay home mortgages and spare cash to earn...

Read More

DCA, Lump Sum Investing And War Chest: Timing The Market And Time In The Market

Like it or not; long-term investing is still a Game Of Strategies. You will need to find your own investing strategies to match your investing goals to build wealth during accumulation phase or build sustainable retirement income for life during distribution phase. Both DCA and Lump Sum investing can be considered as save and invest strategy. For DCA you save and invest regularly. For Lump sum you invest when you have enough money. For War Chest, you already have the money to invest but time the...

Read More

Your CPF Investment Account : Uncle8888’s foolish advice again!!! (5)

Read? Your CPF Investment Account : Uncle8888’s foolish advice again!!! (4) Most of us will not have large CPFIS as war chest so we will weight it against market condition before touching this compounding 2.5% interests to turn it into compounding investment return which can be negative return. Even you currently have $1M balance in your CPF OA; your CPFIS is still limited to $350K including current stock investment costs of your investment holdings in your CPFIS bank account. Use CPFIS wisely!...

Read More

Commentary: More retiring later, but is it for the right reason?

Read? More retiring later, but is it for the right reason? The reality of retirement only starts to dawn for most people in their 50s, leading to unhealthy reasons for continuing to work, says the Singapore University of Social Science’s head of the gerontology graduate programme. SINGAPORE: As a sociologist and a gerontologist, the retirement phase is of great importance and interest to me. From the life-course perspective, retirement is the cessation of gainful activity or full-time work. It is a phase in one’s life which has accrued much attention due to the growing longevity of human beings and demographic...

Read More

Why I Blog?

More than 11 years of blogging and still going strong! No incentive and no threatening to quit! 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. Uncle8888’s first three blog posts ….. Monday, 20 November 2006 Let the winner run its course Game over for CDL today!. Hit trailing stop @ 12.3 Day low @ 12.3. Day High 12.8 Bought @ 10.6. Yup, let...

Read More

Turning 55 – and enjoying financial freedom (8)

Read? Turning 55 – and enjoying financial freedom (7) Read? 1M65 CPF OA Possible Or Not??? Counting interests no stress unlike collecting dividends as Panadols when sitting on paper losses. Uncle8888 has already withdrawn $23K from CPF SA and CPF OA in Dec 2017 CPF OA = $21,478 +  $3,267 = $24,745 CPF SA = $1,522 +  $139 = $1,661 CPF MA = $2,145 CPF RA = $7,556 Total = $36K or $3K per month Since there is no more mandatory CPF contributions after his retirement from full-time job as employee and he still says NO to voluntary CPF top up to all 3 CPF...

Read More

It’s safe to invest entire life savings in stocks. But it can be safer!!! (4)

Uncle8888 has read many books on NLB shelves and Cyber world to look for more reliable way to build sustainable retirement income for life. He has chosen this Method over 3 to 4% Withdraw Rule advocated by many financial planners! The Balance Sheet A more sophisticated way to measure the success of a retirement portfolio is the one used by large pension plans. You compare what’s called the actuarial present value of your assets and liabilities. The twist: Instead of looking at current assets and liabilities, you look at the value of all your expenses in retirement as a lump sum as compared...

Read More

What Happened In 2007 and 2017???

We didn’t see any investment bloggers posting their net investment losses in 2017. It is like in 2007 if Uncle88888 remembered correctly! If you are sitting on net investment losses in 2017; you better kick your ass hard and do some deep soul searching whether you should be topping up your CPF accounts instead of investing in the stock market. In 2007; Uncle8888 was feeling rich with all his paper gains with low cash in his investment portfolio and also set new record net worth too. Bom pi pi! In 2007; he also looked like he was on target to publish...

Read More

How I Built My Sustainable Retirement Income For Life Using Three Taps Solution Model

Uncle8888 tracks his monthly and annual household expenses to know how much is enough and whether it is still on track. … Uncel88888’s Tap 1 CPF OA alone with asset draw-down can cover up to 86% of highest annual household expenses since 2002 @ 2.5% inflation rate till 2038 (81+ old) Going forward he can focus his investing strategies on Tap 3 (Investment) to achieve i.e. delay...

Read More

2017 Full Year Investment Performance Report

Read? 9M 2017 Investment Performance Report A Goal-based Approach Investing Strategy Uncle8888 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 6: 2017 Result for Tap No 3 (Cash Flow from Investment Portfolio) Achieved 45.0% against 54% of 2021 Goal Targets. Without Mr. Bear; Cash is not King! Investment...

Read More

Example Of Using Retained Earning Or Profits

Those Starfishes may recall what Uncle8888 likes to talk on company’s balance sheet during kopi session i.e. what is NOT commonly talk about among investment bloggers. Most of them like to shout dividend, dividend, and dividend! Read? Hyflux to distribute shares in consumer business ahead of possible listing As Hyfluxshop is at an early stage of growth, the distribution will also enable shareholders to enjoy the potential appreciation in value if and when the proposed listing happens, the company said. The pro forma net trangible assets value of each Hyfluxshop share is about 17.83 Singapore cents...

Read More

Like us on Facebook

Follow us on Twitter