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?)

Don't trust AAA rated Singapore government bonds and trust some people who say investing in wine or paintings is better?

Oh, puh-lease lah.

Many or most Singaporeans do not realise what a good thing the CPF is.

This is the truth.

Many do not trust the CPF but are willing to put their money in alternative investments.

It just boggles my mind.

The CPF will help us secure a measure of retirement funding adequacy because we will retire with 

1. an investment grade bond (excess beyond prevailing Full Retirement Sum can be withdrawn at age 55) 

and 

2. a lifelong annuity (CPF Life) that pays us monthly from age 65.

Which part of this is hard to understand?

Whether alternative investments or more conventional forms of  investments, in my opinion, they are not risk free nor volatility free.

Risk free and volatility free CPF gives me peace of mind.

Don't let people know how much you have in your CPF hor.

If you want to share, do it anonymously like AK. 

Don't copy my disguise hor.

I don't want police investigating.

Seriously lah, some might start having designs on your CPF savings lah. 

The horror!

"CPF savings do not form part of your estate and are not covered by a Will.

"Learn why it's important to make a CPF nomination and the different types of nominations available."

https://www.moneysense.gov.sg/articles/2018/10/cpf-nominations-what-happens-to-your-cpf-when-you-pass-away

I always say that if all else fails, I would still have my CPF savings.

Why else would I build my CPF to be the relatively significant sum that it is today and still building?

Really, our CPF is also protected from creditors so that we do not run the risk of becoming old and broke!

Before you touch your CPF money or let someone else touch it, think and think again.

Haven't reached the prevailing Full Retirement Sum in your CPF account and thinking of buying a bond fund?

If you have yet to hit the Full Retirement Sum, why bother?

For most ordinary Singaporeans, if they want to hold some bonds to prepare for retirement, maxing out their CPF membership benefits is all they need.

This is the truth.

Don't believe me?

See:
$1 million in CPF by age 65?

Unless we have lots of money sloshing around and have already maxed out our CPF membership, we should focus on building our CPF savings as it should form the bond component of our investment portfolio and if we want to hold bonds, I repeat, this is all we need.





Related post:
Don't do silly things and retire smart.

Once upon a time in China, Weibo says 铁公鸡AK 还好没结婚!

A friend told me recently that I have followers in an air mile club and that my blog's outreach is quite widespread.

He went on to share a screen capture when I expressed my disbelief.

Air mile club?

I haven't clocked a single air mile in years.






When I was much younger, I enjoyed taking flights but not anymore.

I find that it is uncomfortable and inconvenient in more ways than one.

However, the catalyst for this blog was really what a reader shared with me recently and it was something that happened in a Weibo forum in China!

Forumer #1
坚决以贫困收入过中产生活本土坡人，很多挺有钱的，却总以中产收入过着贫困线的生活，不舍得吃不舍得穿，铁公鸡一毛不拔，还归因于新加坡太贵啦什么的，明明就是自己格调太低、生活无趣、好吗

Forumer #2
你说的让我想起一个非常著名的新加坡人 AK47
他的博客在这里
https://singaporeanstocksinvestor.blogspot.com/

他47岁，不工作了，住永久地契的公寓，未婚，每个月股息红利超过10,000. 新加坡股息免税， 所以他一分钱所得税也不用交。

然而他每天就吃自己做的青菜。在家看书，听音乐，打游戏。好像也不出国旅游。我估计每个月花费不超过一千。

存在即合理。他之所以这样，部分和他小时候经历有关。他的父母本来中产偏上，后来经济危机，差点破产。所以他立志不要走上父母的老路。他年轻的时候曾经一起打三份工。现在，他说他想做他想做的事情。

他经常戴面罩演讲在投资论坛， 很有名。

Forumer #1
还好没结婚
不然我该同情他老婆或者老公了

(Use Google Translate. I did.)








LOL!

I fell off my chair!

ROFL!

See? I am doing all the ladies a favor by staying single.

AK hero!

Yes, I know.

Bad AK! Bad AK!





Actually, I like this more:

Why changed topic? I blur.

Related post:
How AK created a 6 digits passive income?