Uncle8888 became CPF OA Millionaire without a single cent of voluntary cash top up to his CPF OA during his full-time job as employee from Aug 1977 to Sep 2016 i.e. 39 years of mandatory CPF OA contributions. This is how he achieved $1M in CPF OA!
50% from mandatory CPF OA contributions as full-time job as employee for 39 years and cumulative CPF OA interests from 1977 to 2004 and the other 50% coming from (a) 20% from cumulative CPF OA interests from 2005 to 2018 and (b) 30% from CPFIS Net Refund i.e. net investment gains including dividends from 2000 to 2018
Last updated : 14 Sep 2019
I am 63 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 20 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.
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