tag:blogger.com,1999:blog-1602023866179666640.post5149121598180705656..comments2024-03-22T00:30:54.666+08:00Comments on Create Wealth Through Long-Term Investing and Short-Term Trading: How To Truly Beat Decades Of Inflation???Createwealth8888http://www.blogger.com/profile/08563834016250153049noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-1602023866179666640.post-33124941193417686272017-05-19T22:10:56.132+08:002017-05-19T22:10:56.132+08:00Hopefully more CPF members understand Moral of the...Hopefully more CPF members understand Moral of the Story!Createwealth8888https://www.blogger.com/profile/08563834016250153049noreply@blogger.comtag:blogger.com,1999:blog-1602023866179666640.post-88645311870741360802017-05-19T20:08:35.946+08:002017-05-19T20:08:35.946+08:00Congrats Uncle!! That's a big return through a...Congrats Uncle!! That's a big return through all the shenanigans of the past almost 2 decades: dotcom bust, 9/11, Enron/Aurther Anderson collapse, SARS, GFC.<br /><br />That's why I advocate not using CPF-OA to pay off your property, as much as possible. I not being pro-PAP lah, just realistic.<br /><br />Ok ,ok, for those really low take-home pay, maybe not much choice. Like "$1K can still buy HDB" type of low pay.<br /><br />But for majority of Sinkies, what I see is they have sufficient take-home pay, but instead of saving & investing wisely, they either go lifestyle inflation or speculate on stocks, and use up all their monthly OA to pay mortgage.<br /><br />And after 20-30 years I keep hearing things like no money to retire, govt should return CPF at 55, why CPF so little money, etc etc. Which I am most fedup with.<br /><br />I really think PAP put the nail into the coffin for most Sinkies retirements when in 1986 & 1988 they passed the amendments to CPF Act to allow usage for private property & resale HDB.Spurhttps://www.blogger.com/profile/11824813457786462446noreply@blogger.com