Read? Top Up CPF SA From CPF OA? Depending On Who You Ask!
Uncle8888's comment to one blog post on topping up our SA:
"I only did it once contrary to the common wisdom as advised by many investment bloggers and advisers"
Think, Think, Think and think above the common wisdom of compounding interests of 4%.
Mr. Market rarely gives us his opportunity; but over the next 10 to 20 years when he did. Can we after so many years in the stock market as active learners and inspiring to be "savvy" investors in our lifetime beat this 4% compounding wonder?
What do you think?
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You are aright... it depends who who ask for topping up $7K to SA.
ReplyDelete1. Base on 10 years saving of 70K, one could have the opportunity to double or triple his capital. So, it will gain more.... the catch is you it can be done but don't know when.
2. For people choose to top up $7K a year to SA, it is kind of idiot proof way to grow his money at steady rate... almost guarantee. The catch is it is liquid and you have to wait till age 65 draw-down (may be increase to 70?).
For me, I prefer option 1.
typo error...
DeleteYou are right... it depends who you ask for topping up $7K to SA.
We are active investors so most likely we will choose option 1. If not, why waste our time in the stock market doing so much monitoring and learning.
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