tag:blogger.com,1999:blog-7944902213075756335.post1672656193872304792..comments2024-03-28T23:00:40.055+08:00Comments on A Singaporean Stocks Investor (ASSI): CPF is all we need unless we are very rich. (Why did AK build his CPF to the significant sum it is today and still building?)AK71http://www.blogger.com/profile/16832145412062954289noreply@blogger.comBlogger14125tag:blogger.com,1999:blog-7944902213075756335.post-82588723679122855842018-09-16T20:00:50.207+08:002018-09-16T20:00:50.207+08:00Henry said...
Don't think AK needs to bother a...Henry said...<br />Don't think AK needs to bother about hedging volatility using bonds because he already has a 6 figures passive income every year. And a mil in his CPF. Even if his investment yield drop, its still 6 figures that enable him to live a very comfortable life. To be able to achieve that, think his net worth has to be in the range of 5 mil or more. So I think net worth matters? AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-42825585574300119152018-08-18T18:04:02.794+08:002018-08-18T18:04:02.794+08:00Junda Huang says...
Indeed, a fake news article ...Junda Huang says... <br /><br />Indeed, a fake news article by straitstimesreview was very popular some time ago and shared widely, claiming Temasek has lost hundreds of millions and hence CPF monies are gone. <br /><br />When I pointed out the simple fact that CPF monies were not even handled by Temasek but rather by GIC, all sorts of conspiracy theories and accusations came up 🙄AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-77177625685360041452018-08-18T16:35:02.042+08:002018-08-18T16:35:02.042+08:00Global economic growth and booming share markets h...Global economic growth and booming share markets helped Temasek Holdings hit record numbers last year, but it warned that near-term risks are on the horizon.<br /><br />The investment firm reported yesterday that its net portfolio value hit a new high of $308 billion in the 12 months to March 31 - the first time it had exceeded $300 billion, and up $33 billion from a year earlier. Its one-year AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-31735813711708314182018-08-18T16:25:37.186+08:002018-08-18T16:25:37.186+08:00Winston Wee said...
CPF has benefited a huge majo...Winston Wee said...<br /><br />CPF has benefited a huge majority of Singaporeans including myself, in terms of helping to pay off my house and providing a monthly sum after my retirement. <br /><br />In any scheme or policy, it is meant to benefit the large majority. There will always be some, who for some reasons or other, fall through the crack. There will be some who will take issue from a AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-6418186747647365012018-08-18T16:18:14.181+08:002018-08-18T16:18:14.181+08:00Hi Chris,
If our portfolio size is billions of do...Hi Chris,<br /><br />If our portfolio size is billions of dollars in size, the acceptable margin of error in dollar terms is very different from if our portfolio is millions of dollars in size.<br /><br />As investors, big or small, if we are right 6 times out of 10, we are considered good, so the famed investor Peter Lynch said.<br /><br />Anyway, Temasek Holdings does not invest with CPF money.AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-38598756812526902872018-08-18T15:45:23.156+08:002018-08-18T15:45:23.156+08:00When the CPF is run by trustworthy organisation an...When the CPF is run by trustworthy organisation and people, I will agree with what you have stated about CPF being the only bond investment we need and shall do.<br /><br />However an article, "880,000 pensions hit by Japan investment scandal", I read years ago boggles my mind till today. I also remember reading about how Temasak lost big chunk of money somewhere which I cannot recall CLhttps://www.blogger.com/profile/00805673622699523109noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-35260274630111718282018-07-30T00:26:52.375+08:002018-07-30T00:26:52.375+08:00Hi fc,
ERS x5? No lah.
CPF forms a meaningful pe...Hi fc,<br /><br />ERS x5? No lah.<br /><br />CPF forms a meaningful percentage as the investment grade bond component in my portfolio but I wouldn't want it to become too big a percentage.<br /><br />I know what many will ask me next and, no, I am not going to say what is a good percentage. <br /><br />Everyone should decide for themselves if they want more stability or if they can take on AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-9661762909240962752018-07-29T10:45:32.476+08:002018-07-29T10:45:32.476+08:00"Our plan to max out is:
- Currently maxed ou..."Our plan to max out is:<br />- Currently maxed out SA to FRS already.<br />- On top of our mandatory CPF contribution, top up using voluntary CPF contribution up to max $37,740.<br />- At age 54.5, completely transfer out the OA/SA (except the required set aside $20k/$40k) to invest in SGS Bonds.<br />- At age 55, creation of RA for my wife and me.<br />- Then, top up RA to ERS amount usingfoolish chameleonhttps://www.blogger.com/profile/05964116916697053495noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-36849482882808267862018-07-29T10:44:26.882+08:002018-07-29T10:44:26.882+08:00ah, i see... haha.
if not , AK would buy 5 x ERS ...ah, i see... haha. <br />if not , AK would buy 5 x ERS to "top up"! hahafoolish chameleonhttps://www.blogger.com/profile/05964116916697053495noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-68644278223055525942018-07-29T10:32:31.127+08:002018-07-29T10:32:31.127+08:00Hi fc,
I believe that ERS is the limit.
For peop...Hi fc,<br /><br />I believe that ERS is the limit.<br /><br />For people who did not have ERS at 55, they could top up their RA to the limit and ask for the top ups to become an additional annuity.<br /><br />Just hazarding a guess. ;pAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-60556007312622632442018-07-28T21:06:32.114+08:002018-07-28T21:06:32.114+08:00this "additional" cpf annuity quite inte...this "additional" cpf annuity quite interesting.. <br />is on top of our FRS? or must be be on top of ERS?<br />the payout follows the same scheme as the FRS/ERS/BRS? foolish chameleonhttps://www.blogger.com/profile/05964116916697053495noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-90146127015156372152018-07-28T11:15:15.453+08:002018-07-28T11:15:15.453+08:00Hi geekabyte,
That is definitely a plan!
Thanks ...Hi geekabyte,<br /><br />That is definitely a plan!<br /><br />Thanks for sharing with us in such detail. :)<br /><br />Of course, nothing is set in stone and I can think of stuff that could throw a spanner in the works.<br /><br />If we have ample resources, make the CPF a cornerstone in retirement funding but don't make it the entire foundation.AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-83024396882512234832018-07-27T16:56:58.281+08:002018-07-27T16:56:58.281+08:00Our plan to max out is:
- Currently maxed out SA t...Our plan to max out is:<br />- Currently maxed out SA to FRS already.<br />- On top of our mandatory CPF contribution, top up using voluntary CPF contribution up to max $37,740.<br />- At age 54.5, completely transfer out the OA/SA (except the required set aside $20k/$40k) to invest in SGS Bonds.<br />- At age 55, creation of RA for my wife and me.<br />- Then, top up RA to ERS amount using cash geekabytehttps://www.blogger.com/profile/03348293057898681427noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-76575581407636672602018-07-27T12:46:52.780+08:002018-07-27T12:46:52.780+08:00Siew Mun Kwan says...
Yes, agree with you.
Curr...Siew Mun Kwan says...<br /><br />Yes, agree with you. <br /><br />Currently my CPF stands at 80% of my wealth excluding my mortage free HDB apt. <br /><br />I planing ahead, top up cash in my RA account to max out at prevailing ERS, when I turn 55 in 2 years time. <br /><br />Why? <br /><br />I cannot find another avenue to get a return of 5%+ risk free back by G. <br /><br />I forgo the AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.com