I found out my friend is a TV star!
What AK thinks of the LRIS:
"Since I treat my CPF savings as a risk free and volatility free component (i.e. AAA rated sovereign bond) of my investment portfolio, I am unlikely to take part in the proposed Lifetime Retirement Investment Scheme (LRIS). Of course, money in the CPF-OA doubles up as a war chest which could be deployed in the event of a stock market crash for possibly better returns than what the LRIS could deliver." Source: A cornerstone in retirement funding.
Dear AK, May I seek your wisdom?
2. However, I went to OCBC where I have CPFIS account to ask, OCBC staff not able to reply.
3. I ask approved CPFIS broker they cannot answer as well.
AK replies to reader:
I don't think the questions have anything to do with wisdom.
1. Er. I dunno.
2. Er. I guess they dunno.
3. Er. Ask CPF Board.
Now, I will share something which (hopefully) has something to do with wisdom. I wouldn't risk a AAA rated sovereign bond paying 4% to 5% coupon for an ETF.
A bird in hand is worth two in the bushes (provided that they are of the same size). If AK says so, it must be so.
1. Will AK invest his CPF money?
2. My CPF-SA outperformed.