I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed 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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Thursday, 28 February 2019

Market decline drags CPFIS-included funds into losses in 2018

FUNDS included in the CPF Investment Scheme (CPFIS) posted losses in 2018, pulled down by a sharp downdraft in global markets towards the end of the year.

CW8888: We are still in Bull Run phase. No worry!


  1. Hmmm, so if just buy & hold from the beginning of 2011.

    Annual returns of: -10%, +10%, +10%, +7%, 0%, +5%, +15%, -10%

    Over 8 years will be 26%-27% gains.

    That's about 3% CAGR ... less than SA.

    1. Hmm... Top up SA! Hurry up and let compounding interest works its wonder. :-)

    2. Spur,


      If everyone all put their money in CPF, who will support our fund management industry?

      That will defeat the creation of CPFIS in the first place...

      No wonder Mr shining head says CPFIS is "not fit for purpose" :(

  2. That's maybe why i never, ever want to use SA for stock investments.

    Using CPFIS,s OA, i am ever mindful i will be losing 2.5% in interest of my capital.

    In fact i have a CPFIS stock that pays about 7% yield.

    So actual yield i get is 7-2.5 = 4.5%

    Imagine i am using cash i will get 2.5% + 7%. =9.5%

    Compare to 4.5 % i get now using CPFIS.

    Tell me if my simple maths is wrong.

    So i am waiting opportunity to convert my holding of CPFIS to Cash lol.

    Hopefully, an opportunity will present itself soon.

  3. Haiz.... CPF should be educated to just put into index funds & forget about it. The only available index funds in S'pore are not CPFIS approved, only for SRS.

    My preference has always been the global index. But for the past 8 years, the CAGR has only been 7.8% in SGD terms.

    The S&P500 index fund has returned 11% CAGR over the past 8 years. If you believe in mean reversion though, the next 8 years may not be so rosy for the S&P500. :)

  4. 7.8 % CAGR for 8 years is quite fantastic compare to picking STI stocks only.

    And it is safer too i presume because it is a Global Index

  5. And the Global Index is in US currency or ?


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