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!

Click to email CW8888 or Email ID : jacobng1@gmail.com



Welcome to Ministry of Wealth!

This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

It is here where I share with you how I did it! FREE Education in stock market wisdom.

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Important Notice and Attention: If you are looking for such ideas; here is the wrong blog to visit.

Value Investing
Dividend/Income Investing
Technical Analysis and Charting
Stock Tips

Thursday, 23 January 2020

How I Accumulate $1M In CPF OA! (Update)


Read? How I Accumulate $1M In CPF OA!

Year on year voluntary top up to CPF Accounts?  Not a single cent of voluntary top up to his CPF!

 1. Mandatory CPF contributions as full-time employee

 2. Becoming one patient and discipline CPFIS investor who is only active during STI bear markets. 

 3. Compounding interests at CPF OA  2.5% rate.

 From 2017 onwards; Uncle8888 is living off his yearly interests withdrawal from CPF SA and OA. This is how he took out his dividends coming through CPFIS via CPF OA interests withdrawal and the other way is to close CPFIS and then transfer stocks from CPFIS to CDP to receive cash dividends. 




























Posted by Createwealth8888 at 09:28
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2 comments:

  1. Createwealth888823 January 2020 at 23:06:00 GMT+8

    Why you can't hold stocks in CPFIS for long term?

    ReplyDelete
  2. Unknown25 January 2020 at 21:54:00 GMT+8

    Dun think that you are damm smart & happy, cpf can change its rules anytime. Dun be surprised when the payout changed to 75 or 80 & by that time you might have gone underground already. Dun 4get the saying.. a bird in hand is better than two in the bush.

    ReplyDelete

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