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!

Currently; it about 54% to destination!


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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Monday, 20 June 2022

One Real Life Data Point Of CPF SA Shielding Immediate Outcome

 Read? CPF Special Account (SA) Shielding: How You Can Perform This

Uncle8888's ex colleague who turned 55 this year did CPF SA shielding with his FA; and after 55 he sold his CPF SA shielding fund and returned the money back to his CPF SA. 

His immediate loss from this SA shielding is -2.7%. 

Never mind! It just needed 2 years of additional 1.5% in CPF SA to recover this loss and; then from 57 yrs old onwards; every year gets additional $2K interests! Shiok!




6 comments:

  1. CW,

    Eh?

    His FA never promote the SMARTER way to grow his CPF is....?

    LOL!





    ReplyDelete
    Replies
    1. CW, your ex-colleague quite unfortunate to be doing SA shielding in this current climate. But still it is worth the trouble for him as the SA savings will earn him the 4% and compounded yearly.

      Most of my younger colleagues who turned 55 and shielded their SA actually made a few hundred dollars from the short shielding move. Now they have $250,000 in their SA earning 4% annually.

      Delete
    2. Hi CW,

      Do you want to have your "CPF Wealth Tree" planted? I have planted over 30 such trees, from 21 yo to 62 yo. See here : https://t.me/Loo1M65/299098

      Delete
  2. Uncle8888,

    Hope he didn't have to pay the FA for it lol.

    Any bonds with duration longer than 1 year are getting haircuts due to Fed.

    Money market funds are starting to accelerate upwards these 2 months though, same as SSB's. Too bad can't use these 2 for SA shielding.

    One good thing from this single data point will be that it's less likely for govt to close the loophole. ;)

    ReplyDelete
    Replies
    1. No additional charges for buying and selling. May be for FA to meet his sales number. LoL!

      Delete
  3. I also lost last year. But ok can recover from the extra 1.5%.

    ReplyDelete

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