When you join 1M65 or 4M65 movement; EVERY CPF members will win by earning 2.5% to 4% compounded interests into your 65 and beyond!
When you invest in the stock market; you better know the difference!
Not every investors will made 2.5% to 4% compounded investment gains!
Uncle8888 has attended countless number of investing or trading seminars on how to earn passive income or becoming millionaires from stock market; but nowadays these seminars have been rebranded as Masterclass to early retirement to be inline with current FIRE movement! LOL!
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Hi Uncle8888,
ReplyDeleteWell, I'm happy to see more Gen Y & Gen Z viewing CPF in positive light & contributing more to it! Keke!
Gives GIC more funds to invest & hopefully hit the higher end of the 3.75%-4.25% range for CPF Life lol.
GIC achieves S$1 trillion AUM?
Putting money in CPF is an investment (or a bet) on big daddy. ;)
PS: Ah Loo aka Mr CPF advocates investing your CPF-OA into S&P500 index fund, else is very hard to hit 4M65 or even 1M65 for average salary workers who use their CPF-OA to service $600K BTO or $2M condo.
He is also a big disbeliever in STI ... alamak, STI just can't seem to catch a break!
The Gen Y and Z have been attracted by the "effortless" and potential (projected) "handouts" by Ah Gong in the form of 4% to 5% annual "risk-free" interest.
DeleteWhen a couple does achieve 4M65 in their CPF, through early savings, close to half of the $4M actually comes from the interests that CPF pays out. So its indeed attractive. The CPF hacks are now more publicised, thus more people are aware of them. So its up to the Gen Y and Z to execute them. Excess CPF money in the OA can then be channelled to invest for the "booster" shot.
Even for older goats like myself, as "late starters" to the CPF, we are on track to achieving 4M65. We started returning money to our CPF only after we turned 50. This means that we didnt earn much of Ah Gong's interest until recently. Even then, if we do attain 4M65, more than $0.5M of that $4M would be interests from Ah Gong.
And from that point on, its $120,000 interests from Ah Gong annually. Can understand why Gen Y and Z find it an attractive goal to aim for. I mean its also attractive for Gen Xers like me. 🤗