CPF Investment Scheme to be reviewed

I refer to this article by the Straits Times: here. There are three main takeaways after I read the news article.

Takeaway 1: Most people would do better just leaving their money in the CPF OA

He noted that, over the past 10 years, more than 80 per cent of members who invested via the CPFIS would have been better off leaving their money in the Ordinary Account, which earns a guaranteed 2.5 per cent each year. About 45 per cent of those using the CPFIS even made losses over the same period.

To me, it feels rather sad that the general public is still not very financially educated. A 2.5% rate of return is not difficult to surpass at all, but over 80% of the members fail to surpass it. The solution is simple, simply invest into an index, and …