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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Wednesday 4 June 2014

Rushing to draw CPF OA upon 55???



The endless great debate on CPF!
Let see what actually happen on the ground when folks reach 55 ..


 How many of us actually cash out to invest?

 Let us know if you are one of those who has cashed out the entire CPF OA to invest.

What is your advice to those near 55 now?

OK?


Posted by Createwealth8888 at 07:35
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3 comments:

  1. Createwealth88884 June 2014 at 07:53:00 GMT+8

    I have left my money rotting in CPF OA @ 2.5% since Sep 2011. Coming to 3 years soon. Quite stupid. Right? When the current debate on CPF we can do better than 2.5% compound interests?

    ReplyDelete
  2. Anonymous4 June 2014 at 09:16:00 GMT+8

    No! You are right.
    Where else can you park your cash at 2.5% and can use for CPFIS at the drop of a coin, at this time with very low bank's FD rate?
    Imagine how much interest i have lost so all these 11 years. i had closed CPFIS and withdrew all my CPF MONEY that can be withdrawn.
    i have been the stupid one not you lah.

    ReplyDelete
  3. RayNg4 June 2014 at 12:00:00 GMT+8

    I also park my money @ CPF as I treat this fund as war chest. We cannot predict when the black swan strike but we can prepare. This fund will be useful when the time is right.


    ReplyDelete

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