Investing with CPF money?
- Thread starter oswin
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feel it's better to leave cpf money alone to earn the guaranteed interest. it's better and easier to invest with cash.
Sion
Senior Member
Invest in the best DSLR you can afford.
It makes you better returns than any investment.
:bsmilie: the camera value depreciates the moment you fire off the first click, and clients are asking for more and more, while paying less and less..
sorry ah..tongue in cheek ;p
Do your proper research first before committing your money into investment.
Do take note that now you cannot invest everything from your CPF. You need to fulfil the CPF requirements of setting aside at least $20k in OA and $20k in SA. Whatever that is above required amount you can invest the balance.
If you have intend to use OA for purchase of HDB flat in the near future, then I suggest you look into using cash. Especially, if you only looking at 2 years of investing your CPF money. It is not worth for you to take this amount of risk. It's better to leave it with CPF to earn the extra guaranteed interest.
Look for an ethical IFA, he/she will look at your overall situation and advise you. If he/she felt that you are not suitable. He/She will advise you accordingly.
Do take note that now you cannot invest everything from your CPF. You need to fulfil the CPF requirements of setting aside at least $20k in OA and $20k in SA. Whatever that is above required amount you can invest the balance.
If you have intend to use OA for purchase of HDB flat in the near future, then I suggest you look into using cash. Especially, if you only looking at 2 years of investing your CPF money. It is not worth for you to take this amount of risk. It's better to leave it with CPF to earn the extra guaranteed interest.
Look for an ethical IFA, he/she will look at your overall situation and advise you. If he/she felt that you are not suitable. He/She will advise you accordingly.
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