EX-ex-Boss asked Uncle8888 for advice on his CPF OA as he is reaching 55 this year. (Think should be soon or year end). Should he take out all CPF OA balance to invest and close his CPFIS account? You know in the corporate world when Bosses asked for something. We don't know never mind; but we must google for some reasonable answer or solution for them. LOL! So Uncle8888 suggested (when working we can't advise our bosses) to him to leave CPF OA balance there and not to close his CPFIS as it can be used as war chest which is earning reasonable 2.5% return while waiting for market to come down more. His CPF OA can serve as his asset allocation of 2.5% Bond for fixed income and War Chest. Uncle8888 told him that he will prepare some slides for him later. All those images in the 12 slides sent to him are already seen in this blog except for this new slide to answer his question.
This action from his ex-boss is encouraging as it is a good sign that he has arrived at his level of competency in financial literacy even boss recognized it. :-)
Last updated : 14 Sep 2020
I am 64 yrs old uncle living in HDB heartland who has achieved financial independence @ 56 and finally retired @ 60 from full-time job as employee on 1 Oct 2016.
Single household income since 1995 with three children.
Currently, two sons and one daughter are working.
I have been doing 21 years of long-term investing and short-term trading in Singapore stock market only since Jan 2000 so I am that so-called Panda or Koala in the investment world.
I am currently executing my Three Taps solution model to maintain sustainable retirement income for life till 2041 @ 85 yrs old.
Disclaimer: Stock trading involves significant risks. Create Wealth trader is not a licensed Investment Adviser and will not be responsible for any losses which you incurred. You are advised to always do your own homework before making any trading decision.