I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!

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Tuesday 28 August 2018

6 in 10 tapped into CPF funds after 55: CPF Board


Read? 6 in 10 tapped into CPF funds after 55: CPF Board


 CW8888: Cash is still King!

Posted by Createwealth8888 at 20:20
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6 comments:

  1. TT Deng29 August 2018 at 09:12:00 GMT+8

    Just wonder the rational of putting withdrawn money into bank deposit. Is bank deposit interest higher than CPF?

    ReplyDelete
  2. Singapore Man of Leisure30 August 2018 at 13:53:00 GMT+8

    temperament,

    LOL!

    Lucky CW did not think like you!

    There must be some wisdom that survived centuries in saying a bird in hand is worth 2 in the bush ;)


    Imagine if CW had voluntarily contributed to CPF or transferred from OA to SA during 2008/09.

    Then he would not have won back the same way he had lost ;)


    Let cash rot in the bank. Cash is not king if we can't deploy them when we want to!

    When the other shoe dropped, that's how we can buy the next door property at $100K cheaper than our neighbours, plus saving the extra bank interests multiplied by 20-30 years!? Or for those who hate to be in debt, $100K less means you can get out of debt sooner :)

    Alternatively, we can also buy the same equities at 50% cheaper than so called "value investors". And when mean reversion happens, the yield on cost will be double digits and make CPF interests rates so "weak" in comparison ;)


    Peasants look at cash different from land owners. They see the big bush and ignore the small carrot underground.

    That's why wannebe land owners can offer up to 18% in peer-to-peer loans to attract cash into their pockets!


    temperament, you mistake is you didn't have the courage to pull the trigger during 2009. And that's probably you didn't have enough CASH.



    ReplyDelete
  3. Singapore Man of Leisure30 August 2018 at 17:26:00 GMT+8

    temperament,

    That's why I had to "challenge" you when I see you trying to act cute and "coddle" bei kambing.

    What the fish with: "i made the same mistake because i was thinking a bird in my hand was worth 2 in the bush."



    Bei kambing just believe whatever people say literally.


    CW on vacation. I help him "clean house" ;)





    ReplyDelete
  4. Singapore Man of Leisure30 August 2018 at 20:42:00 GMT+8

    temperament,

    We have been poking each other for so long that we know how each of us feel about CPF, big daddy, and investment philosophy ;)

    So when I see "spear and shield" comments, I don't give chance!

    LOL!


    What's the track record of big daddy?

    Just like the sun will rise in the east, the goal posts will be moved.

    How many "revisions" have they made for CPF Life so far?

    Guarantee more will come.

    Especially if people are living longer than "forecasted". And if the percentage of working adults to support the CPF Life scheme is dwindling, and not increasing... What horrors!

    CPF may appear to look "attractice" because of central banks' zero to negative interest rate policies now. But I remember a time when anyone and everyone can easily get higher yields and interests rates OUTSIDE of CPF.

    Youths too young to remember got excuse.

    We both do not ;)








    ReplyDelete
  5. Singapore Man of Leisure31 August 2018 at 10:12:00 GMT+8

    temperament,

    That is why landowners don't just talk about it, they act.

    You look at countries like Turkey, Argentina, Venezuela, South Africa. You sit around and do nothing that's your own business. Landowners would have diversified and ensconced part of their assets OVERSEAS and denominated in several safe haven currencies.

    In Athens, I've seen first hand how the wealth destruction is not spread equally. Those who had assets OUTSIDE of Greece suffered less.

    And we have our own 1997 Asian Financial Crisis. Just look how Thai and Indonesian landowners handle their wealth today. Got coups some more OK? Put everything they own in their own currency and country anyone?

    Look at Thaksin. Would he be able to live a comfortable life in exile if he had all his assets in Thailand for others to freeze and appropriate?

    You think why so many rich Mainland Chinese are getting their money out of China by buying so many overseas properties? And sending their children out to study and work overseas? And they do that Indonesian thing by buying life insurance policies denominated in HKD or USD. Better do some hedging againt RMB devaluation...


    What do we do? Complain, complain. Then give money to big daddy? Now if that's not "spear and shield", I don't know what is!

    LOL!


    ReplyDelete
  6. Small Time Investor1 September 2018 at 11:57:00 GMT+8

    Those with limited bullets can pump some to the recent new bond etf, instead of keep ssb. Safe or not, I dunno.

    ReplyDelete

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