Albert Einstein is reputed to have said, “Compound interest is the eighth wonder of the world. He who understands it, earns it; he who doesn't, pays it.”
What happened to Uncle8888's kiasu and kiasi attitude when comes to re-investing his CPFIS by waiting for the next BIG market crash but it never come since 2009? Aiyah!
Somehow; then he realized the power of nano 8 wonder of the world in CPF OA 2.5% compound interest by looking back at data points! On hindsight; we are wonderful. Right?
Hmm .. can younger CPFIS members be passive investors for a few decades by collecting Pandaols through the Nano 8 wonder of the world as additional source of retirement income?
Right and hold passively for long term?
Read? Yield of dreams: Investors have "a once in a lifetime opportunity" in blue chips (15)
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True! LOL!
ReplyDeleteCW,
ReplyDeleteJoking only hor!
Anyone looking at your slides and say CPF offers better compounding got to be terrible in math...
Or maybe you are getting better at snake oil!!!
All it shows you are not Warren Buffett or Peter Lynch.
But you are streets ahead of those majority who are still waiting to break even one day using CPFIS!
Take out your slides where your returns in percentages are close to Temasek and GIC. That will give your mojo back!
Don't compare with CPF lah. Want to compare, compare against youths invested in cryptos.
That has kept me humbled.
I suspect some youths must be kicking themselves for voluntary contributions to CPF when they could have gone to the moon with cryptos!
Hi Uncle8888,
ReplyDeleteErr 2.5% means doubling your money in like 29 years.
No, I don't think that qualifies as 8th wonder of the world, nano or otherwise. :P
The ability to pull the trigger & shoot $300K-$500K of CPF when markets are down -30% or -50% .... Now that's the REAL 8th wonder of the world! 🤣
And the 9th wonder of the world??
The ability to hold & not panic sell when the next -30% to -60% market drawdown hits!
Hmm .. "2.5% means doubling your money in like 29 years." That is Maths on Rule of 72 for 1M65/4M65 voluntary three CPF accounts top up to wonder?
Delete1M65/4M65 is actually an unspoken poke at increasing human capital & earnings power.
DeleteEven the person who started it is not earning peanuts or $4K/month. ;)
However the marketing for 1M65/4M65 doesn't seem to highlight this?!?
Think this is something both of us has touched on couple times previously LOL.
Don't remind me... My sinktel invested with CPFIS many years back still losing money!
ReplyDeleteThe "wonder" is not on me. T.T