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.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!

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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

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Value Investing
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Tuesday, 30 April 2019

Transfer CPF OA To SA : The Duet In Your Mind!


Read? The Art of the Investment Duel

 Inspired by the above post. LOL!

 On 16 March 2017 (Thurs), on hindsight, BIGScribe has organized a duet on magical 1.5% extra points in CPF SA vs 35% of CPF OA in CPFIS to invest during Bear market i.e. market timing and time in the market.

 Two vs One duet and left some attendees leaving the venue on that night becoming more confused.

 Read? Is the extra % points in the CPF SA really that magical?

I googled his name and all the articles that feature his idea of accumulating $1m in his CPF accounts seem to emphasise Mr. Loo’s idea that transferring money to the SA to earn an extra 1.5+ % is the magic solution.

 That’s nonsense.

 The big reason why this guy has $1m across two CPF accounts is because he saved a lot of money in the first place.
Read? Young CPF Members Should You Transfer CPF OA TO SA For additional 1.5% Compounding Interests Over Next Few Decades?


Posted by Createwealth8888 at 20:04
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