Saturday, 3 January 2015
Return My CPF? Not For Me!!!
Uncle8888's Wealth's Formula:
Wealth = Asset Value + Cash Flow
Where Sustainable Cash Flow = Tap 1 + Tap 2 + Tap 3
and volatile market pricing of Asset Value becoming less significant.
Every year on 3rd Jan, Uncle8888 smiles at his CPF statement!
Non-market volatile pricing assets with good cash flow of $XX,XX at super low risk.
Why return my CPF?
Unless we think PAP is out on the next election.
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Quote from D&S on 4 Things That CPF Fails At: ".... Should savvy investors be able to withdraw their money early to make use of it more efficiently? What about compulsive gamblers? Who gets to decide who is a savvy investor?"
ReplyDeleteLeaving your money in CPF to earn 2.5% in OA and 4% in SA is not savvy investor?
:-(