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Monday, January 2, 2017


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. 






Reader:
Dear AK, May I seek your wisdom?

1. Can CPF SA be invested on SDPR STI ETF? I have check in CPF website it stated yes.

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.

Is there some place I can seek clarification, please enlighten me. Thanks





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.

Best wishes,
AK





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.

Related posts:
1. Will AK invest his CPF money?
2. My CPF-SA outperformed.


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