CPF Special A/C

shade343 SG

You got buy china stocks listed on SGX?

poon cho tang SG

i will never touch my SA, enticement or not Laughing

Ah Cek SG

no no, i dun touch stocks and shares. i'm a typical risk adverse person

Rock^Star SG

I have a differing opinion from u altogether Laughing

latte-OO- SG

Just to share my experience:-

I did use my SA some yrs' back to buy a guarantted fund which earned minimum 5% returns, ie, very safe and sure-win. It has since matured and happily returned to my SA Smile

BUT, the funds are now stuck in SA; meaning my SA balance is now way beyond the minimum required n will remain there for good.

Sorry to digress but some other "interesting" lessons I've learned abt my CPF fund are:-

* Even though your company paid your CPF by the 14th of each month, it will be credited to your a/c only about 5 days later. For my case, the 19th. So on top of the 5 days' lost interest, you may have to ensure some lost investment opportunities during that period.

* Interest on your CPF a/cs is based on the LOWEST balance of the month. Say if u happened to use all your OA balances on the last day of a month, the interest for that month will be ZERO! Rolling Eyes So plan your usage properly.

fugue in C minor SG

I’ve read about all these funds which never made money as promised. In fact, their clients are losing money every year.

Manager433 SG

What is the max amount in SA? I understands when I reach 55, OA and SA will merge.

Ah Cek SG

not true la, i made a pile in Regional Equity fund. bought at abt 1.8, sell at abt 3.4

fugue in C minor SG

$3.40 - $1.80 = $1.60

You only made $1.60 and you call that a pile? My, you're sure a contented person! Laughing

So, what did you buy to reward yourself? Ice-cream cone? Embarassed

Rock^Star SG

Regional Equity has been one of the top performing funds in AIA.

Assuming that Ah Cek has placed $50,000 and the figures he has given are offer and bid prices respectively.

$50,000 / $1.80 (offer price) = 27,777 units

27,777 units X $3.40 (bid price) = $$94,442.

Nobody invests money to earn $1.60 Laughing

kaobeikaobu SG

pls forgive him... Laughing

fugue in C minor SG

$94,442 still not enough to buy the $688,888 9-eyed dzi: Crying or Very sad

Rock^Star SG

(Really bursts out in laughter)
Sorry fugue, no offence.

fugue in C minor SG

You know of any investment that can earn me $700,000 in return?

shade343 SG

Bangalore properties...

shade343 SG

A new account called the retirement account is created on reaching 55.

One of the important decisions that you need to make when you turn 55 is whether you wish to withdraw your CPF savings totally, partially or postpone your withdrawal to a later date.

When you reach 55, you have 2 options:

1. Withdraw a lump sum savings from your Ordinary Account (OA) and/or Special Account (SA) after setting aside the Minimum Sum in your Retirement Account.
The Retirement Account is for your old age needs. Manage the CPF money withdrawn carefully as it is your old-age savings which will see you through the next 20 years or more.

2. Postpone your withdrawal until a later date if you can be financially independent and if you are still working.
You can continue to build a larger nest egg, at the same time earn the interest of 2.5% in OA and 4% in SA .

You can check this link here for more information

http://www.cpf.gov.sg/cpf_trans/ssl/financial_model/wdl_assumption.asp?prof=

fugue in C minor SG

zhun bor... Rolling Eyes

alekindra SG

Investment always involve some risks. If you can't take the risk, then don't invest.

Now the fund's price is pretty low due to some market adjustments for the last few months. So, it may be a good time to go for stock or fund investment.

There are some other investments that guaranteed the principal amount. You may consider that too if you are not high risk taker. The return could be as high as 30% per annum. At least, that is what my friend got it lar.

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