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Tuesday, 20 September 2016

Why I won't be transferring my CPF OA to the SA


Cai HaoxiangThe Business TimesMonday, Sep 12, 2016

Read? Why I won't be transferring my CPF OA to the SA


CW8888: How many people out there have really asked those who are financial and investing savvy enough why they don't transfer from CPF OA to SA?

Read? Top Up CPF SA From CPF OA? Depending On Who You Ask! (9)


CPFIS as War Chest of last resort and his current CPFIS holding.






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



3 comments:

  1. CW,

    Well, I didn't transfer my CPF OA to SA precisely because of:

    1) I'm in the Earn More camp - its 开源节流; not 节流开源.

    2) I'm a fan of brick and mortar properties. If CPF does a survey of those CPF members who took CPF to buy properties as opposed to equities/insurance/bonds under CPIS, it will win hands down ;)

    No one interested to play the 2 bites of the cherry, upgrade, downgrade game? It does not have to be the 2nd investment/rental unit play you know if you are very risk adverse and want to keep leverage to a minimum.

    But that's good!

    Diversity is good. Especially when you know yourself and walking your own path.

    Not if you "bei kambing" trying to imitate a lion... I like what Cai Haoxiang says:

    "To sum up, I don't think transferring money from the OA to the SA is for most people, unless they are wealthy property-owning youths with cash to spare."

    :)

    ReplyDelete
    Replies
    1. Yalor. Fully agreed!

      I seeing too many of "Not if you "bei kambing" trying to imitate a lion... I like what Cai Haoxiang says:

      "To sum up, I don't think transferring money from the OA to the SA is for most people, unless they are wealthy property-owning youths with cash to spare."


      Small Thin Wallet following the saving and investing strategy of Big Fat Purse. Big Fat Purse is pursing wealth preservation as they have other means of growing their wealth. CPF SA is just their wealth preservation tool. A nice tool for them.

      How many Small Thin Wallet understand and really ask around? See large number and get so excited and inspired.


      Delete
  2. Alternative voices are good. I feel that he is a good writer. Got a couple of nice articles. I'm on the same camp of not transferring unless I have a LOT of spare cash. He never mention CPFIS haha but to me the key idea is flexibility. Use 2% to buy flexibility sounds good to me. Be it property downturn or market piang warchest

    ReplyDelete

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