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

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

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Tuesday, 15 August 2017

Top Up CPF SA From CPF OA? Depending On Who You Ask! (10)

Read? Top Up CPF SA From CPF OA? Depending On Who You Ask! (9)

Generational gap!

What current generation don't really understand the meaning of Shifting Goal Post!

Let rewind back to 1980s when Uncle8888 was young @ 20s and Internet and blogging has been around for sometime. Singapore's investment blogosphere was very active with star investment bloggers like now who were championing topping up SA and transfer OA to SA as young as possible and then becoming becoming CPF Millionaire.

What if Uncle8888 in his 20s has been sucked into it by these loud voices. He jumped into topping up his SA and transferring from OA to SA and dreaming of CPF Millionaire at 55, the official CPF withdrawal age at his time in 1980s.

Then what happened years later ....

Walau!    RA withdrawal at 60

Walan!    RA withdrawal at 62

WTF!      RA withdrawal at 65

Soon RA withdrawal at 67? and then 7?, 8?

You can't blame Uncle8888 shaking his head.

How many realize that these champions locking their good assets as rich assets for securing their retirement fund in CPF well advance may be just fraction of their net worth or portfolio?

They can. You can. Chun bo?

Are you Hen or Pig?

The Hen & the Pig Go To Breakfast

A Hen and a Pig were sauntering down the main street of an Indiana town (yes, this is another shaggy dog story!) when they passed a restaurant that advertised “Delicious ham and eggs: 75 cents.” “Sounds like a bargain,” approved the Hen. “That owner obviously know how to run his business. “It’s all very well for you to be so pleased about the dish in question,” observed the Pig with some resentment. “For you it is all in the day’s work. Let me point out, however, that on my part it represents a genuine sacrifice.”


  1. Actually from the start, CPF should have been "locked up" and not for property.

    It would have solved 2 big things:
    1) Adequacy of CPF for retirement.
    2) Affordability of housing (esp HDB).

    But then it would have killed some banks & property developers in the late-1980s.

    1. Thank to smart Govt of the day for asset enhancing scheme for older generation but younger ones pay with their lifetime of sweat

    2. 1) Spur,

      We wanted to compete with HK for wealth management remember? What better than to "release" this untapped pool of savings to entice fund management to relocate here?

      We've done it! Singapore is now the Switzerland of the East; never mind 70% of those CPF members who invested with CPIS lost money. Success if what we have to sacrifice to achieve it.

      2) CW,

      Shhh... At your age, you are pretty safe as the well will not dry up. For me, it should be "safe" but no harm if youth willing to contribute to the well and subsidise my retirement. I won't complain! Shhh!

      But for those who come after us - with a declining population - I don't wish to be in their shoes. Unless the youths of today don't mind population 10 million at their old age?

    3. Heheh ... they just need to turn on the migrant tap bigger and we'll have another round of bubble economy & bubble properties!!

      But think they've learnt their lesson and the tap will be set at low-to-medium for gradual sustenance.

      Latest SingStat official population statistic is 5.61M as of June 2016.

      Average rate of increase of 92K per year since 2011. Hence now should be about 5.7M (unofficial haha).

      They're pretty accurate with their projections. Using 92K/year:

      2020 -- 5.98M
      2025 -- 6.44M
      2030 -- 6.9M < -- That's the famous targeted number.
      2064 -- 10M

  2. Besides assets enhancing, I think CPF money will ensure people can not just drop everything and leave in a hurry in the first sign of a war.

  3. Home is actually where your wealth and roots are?.


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