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?
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.
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.