As from April 2013 my Journey in Investing is to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

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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

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Sunday, 29 May 2011

Reaching 55 soon. Another pay cut!

"Life isn't fair. You play with the hands you are dealt with."

Pay Cut when you become another older asset that is losing productive value.

  1. Reaching 50: Cut 4% off Employer contribution rate
  2. Reaching 55: Cut 3% off Employer contribution rate

Soon, I will be taking the second CPF cut from the Employer contribution rate and effectively the total pay cut is 7%. Fortunately, I don't have any oustanding housing loans; otherwise, I will feel the pinch.


  1. Instead of increasing the pay for employees , they are cutting the pay,Any particular reason ?

  2. Lesser contribution by the employee, more money to grow and invest!

  3. $ in CPF can also use to invest ma!
    I think for ordinary citizens the older you get the more they think you are over the hill. For the Elites/CEOs it is the older they get the more valuable they become. Same Singaporeans, different classes.
    Ordinary folks seem to have very little value when they are over 55. Most probably "they" think we have left very little grey matter and muscle except "themselves".
    This is a good example where life is never fair applied. If you want life to be fair, be your own "boss"


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