Read? The Art of the Investment Duel Inspired by the above post. LOL! On 16 March 2017 (Thurs), on hindsight, BIGScribe has organized a duet on magical 1.5% extra points in CPF SA vs 35% of CPF OA in CPFIS to invest during Bear market i.e. market timing and time in the market. Two vs One duet and left some attendees leaving the venue on that night becoming more confused. Read? Is the extra % points in the CPF SA really that magical?
I googled his name and all the articles that feature his idea of accumulating $1m in his CPF accounts seem to emphasise Mr. Loo’s idea that transferring money to the SA to earn an extra 1.5+ % is the magic solution. That’s nonsense. The big reason why this guy has $1m across two CPF accounts is because he saved a lot of money in the first place.
Last updated : 14 Sep 2019
I am 63 yrs old uncle living in HDB heartland who has achieved financial independence @ 56 and finally retired @ 60 from full-time job as employee on 1 Oct 2016.
Single household income since 1995 with three children.
Currently, two sons and one daughter are working.
I have been doing 20 years of long-term investing and short-term trading in Singapore stock market only since Jan 2000 so I am that so-called Panda or Koala in the investment world.
I am currently executing my Three Taps solution model to maintain sustainable retirement income for life till 2038.
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