Read? How I Accumulate $1M In CPF OA!
How come there is no seminar or talk on how to become better CPFIS investors?
Not even investment trainers?
Why?
Hmm .. 2.5% compounding interests is so hard to beat over few decades?
To top up CPF is easy. You just need spare cash!
To invest is not easy. You need more than just spare cash!
Posts
Uncle 8888
ReplyDeleteInvest or trade need skills or luck, either one, better if got both.
1M65 strategy is get high high pay, then do either transfer oa to sa, top up vc, etc...
1M65 speaker used to be high corporate lvl (SVP).
Like uncle 8888 says, human assets and account size matters. :)
Did he mention his annual income is near or more than seven digits?
DeleteYup, the missing or unspoken element is having at least above average salary.
ReplyDeleteNo need 7-figure income if you're talking about hitting 1M55 provided, you don't touch your CPF for housing or education or large medical or investing.
1M55 is based on having average $55K annual income over 30 years. Many fresh grads already hit this level upon graduation!
For the average population, it is easier (and greater chances) to focus on education/learning & earning more .... rather than trying to get more people to be good at investing. ;)
Govts know this.
It boils down to the basics ... getting the personal finance pyramid right.
Strike enbloc Toto also reach $1m within striking distance
ReplyDelete