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!

Click to email CW8888 or Email ID : jacobng1@gmail.com



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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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Thursday, 10 December 2020

Why I Withdraw Interests From My CPF SA and OA Instead of Compounding it?























Posted by Createwealth8888 at 20:29
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5 comments:

  1. mysecretinvestment10 December 2020 at 22:55:00 GMT+8

    A meticulous plan!

    Well done CW8888. Four years into retirement including one crisis year, and the plan is working out better than expected!! Congratulations.

    ReplyDelete
  2. Singapore Man of Leisure11 December 2020 at 10:28:00 GMT+8

    CW,

    Eh? You didn't opt for CPF Life?

    Smart guy.

    Your CPF money is your CPF money ;)

    Then again, if I outlive you, you won't be subsidising my retirement...

    That's not cool :(

    ReplyDelete
    Replies
    1. CreateWealth888811 December 2020 at 10:45:00 GMT+8

      Sorry. Your generation onwards . No choice. Your RA money is every CPF members money.

      Delete
  3. Spur11 December 2020 at 13:17:00 GMT+8

    Uncle8888 withdraw CPF interests instead of compounding becoz that's the plan. Just follow plan! :)


    Those on CPF Life motivated to live long long. LOL!

    Maybe govt should reduce MOH budget & reduce subsidies for polyclinics & govt hospitals. 😬

    Govt will be kicked out pretty fast if that happens. So no worries of reducing healthcare budget!

    But maybe more govt mandatory healthcare insurance plans to share the costs ... community care shield, intermediate care shield, advanced care shield, cancer care shield, stroke care shield, diabetes care shield, hypertension care shield, psycho care shield, lol.

    ReplyDelete

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