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
It is here where I share with you how I did it!
FREE Education in stock market wisdom.
Think Investing as Tug of War - Read more? Click and scroll down
Hi Uncle8888,
ReplyDeleteNowadays seem like nobody talks about CPFIS. Maybe most people max out their monthly OA for mortgage payments? Unlike my time when it was still possible to get 4-rm BTO for $160K (I know I know ... this amount is already a shocker compared to Uncle's time LOL!).
Today's crop of above average grads are also aiming for either larger HDB in so-called central locations (Bidadari, Kallang costing $500-$600+K for 5-rm BTO) or ECs or outright condos. Many also exceed BTO $12K household salary limit by the time they want to get hitched around 30-33. ;)
Thus most people max out their default CPF, and what is left is to play around with disposable cash --- save, invest, SRS, top up SA, or voluntary CPF top-up.
Although looking at the current problem of retirement inadequacy among the pioneer & merdeka generations (and even the post-independence generation) .... may have been better for most people to pay for mortgage using take-home cash, and save/top-up their CPF instead LOL!!
Govt solution to this problem is to earn more (up-skilling & re-skilling & change industry) and/or work longer (re-re-re-employment), Hohoho!
Some who are lucky can inherit properties from pioneer or merdeka generation in addition to their own. Huat arh!
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