Simple investment wisdom keeps us afloat.

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.

STAR WARS AND FINANCIAL FREEDOM IN 2017!

A reader made a droll statement on FB and I decided to share some quotations from my favourite Science Fiction movie on the first day of 2017:

Related post #1. There are many who do not believe in delayed gratification and the power it has to improve our financial health:

I find your lack of faith disturbing.

Related post #2. For those of us who believe that saving more and investing in income producing assets for a more secure financial future is the way to go, remember, if a job is worth doing, it is worth doing well. Don't be half hearted.

Do or don't do. There is no try.

Related post #3. We will do well to embrace our financial fragility. We are not invincible. It is better to be cautious even if we are strong. Why? Strong, yes. Invincible, no.

Don't get cocky.


Related post #4. There will be times when we feel like throwing in the towel. I know. Sometimes, life just throw us a curve ball or two. I have been there. Well, you might want to book mark this page and remember the X-wing fighter that destroyed the Death Star. Don't let the bad guys win!

Stay on target.

Related post #5. Of course, there is always fear. There is fear that we can never beat the system (e.g. CPF). There is fear that we might grow old and destitute. There is fear that we can never retire. There is also fear in Mr. Market from time to time. Make use of Mr. Market's fear and build passive income!

There is something stronger than fear. The Force (of passive income).


For those who don't follow me on FB, the culprit:

BEWARE THE DARK SIDE which is usually full of bling bling stuff and other tempting objects disguised as needs and very often touted by self serving minions as such.

MAY THE FORCE BE WITH YOU!
HAVE A STELLAR AND FUN 2017!
Related posts:
1. Delayed gratification.
2. Building an income portfolio.
3. I lost my life savings.
4. Make $1m investing for income.
5. Best insurance in life!