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.

Think Investing as Tug of War - Read more? Click and scroll down



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

Saturday 25 January 2020

How To Become CPF Millionaire? Two Approaches Path A or B?


Somehow we seldom hear Singapore investment bloggers and investment writers talking or writing on Path B approach to become CPF Millionaire. 

Hmm ..  may be it is true that long-term investing sounds simple on theory; but NEVER EASY to execute as it will require all our 3M to be strongly aligned!

3M in investing : Method, Mind, and Money Management

Read? Investing Made Simple by Uncle8888 (17)


SINGAPORE: Workers in Singapore received a bump of 2.2 per cent in their income in 2019, according to the Labour Force in Singapore Advance Release report released on Thursday (Nov 28).


The nominal median income of Singapore residents on full-time employment increased this year to S$4,563 from the S$4,437 recorded in 2018, the Ministry of Manpower (MOM) report said.

From above median income number; it looks like many Singapore residents on full-time employment may not have large CPFIS as war chest.

Monthly CPF OA contribution @ median income of S$4,563 * 23% = $1,049


Monthly CPFIS growth @ 35% of CPF OA =  $367


Annual CPFIS growth and assuming 2 months of bonus = $5,142


How to become CPF millionaire through Path B?

Any secrets?







8 comments:

  1. CW,

    That's because most people (I assume) would prefer to have that million OUTSIDE of CPF ;)

    Having said that, must compliment you - you would be the intended poster boy for when CPFIS was introduced - GROW (Earn More) our CPF savings ;)

    Unfortuately, we know how that went...

    You are the minority CPFIS success story :(

    Then again, if anyone and everyone can have a million in CPF by age 60, how to flex?



    Big daddy has capitulated. Now the pendulum has swung to the Save More camp.

    They'll do the "investing" on behalf of CPF savers instead ;)


    "Daddy, I don't trust myself, you do it for me? Don't worry, I follow you forever and ever!"

    ReplyDelete
    Replies
    1. If low interest environment remains low for another decade, We will love CPF even more.

      Delete
  2. Another long forgotten investment scheme for Singapore citizens was to sell Singtel shares at great discounted rate. Government soon learnt that was damn bad idea as wealth building

    ReplyDelete
  3. Government learnt cannot control the market. Cheap can become cheaper

    ReplyDelete
  4. CW,

    Lucky they stopped.

    Imagine if they went on to sell discounted SPH and SMRT shares?

    Near monopolies with strong big daddy connections, what can go wrong?


    ReplyDelete
  5. Or else we will see at Hong Lim park shouting Return My Investment. LOL!

    ReplyDelete

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