Personal Finance
Now It Is Alright For Him To Ask
By Create Wealth Through Long-Term Investing and Short-Term Trading  •  October 15, 2016
EX-ex-Boss asked Uncle8888 for advice on his CPF OA as he is reaching 55 this year. (Think should be soon or year end). Should he take out all CPF OA balance to invest and close his CPFIS account? You know in the corporate world when Bosses asked for something. We don't know never mind; but we must google for some reasonable answer or solution for them. LOL! So Uncle8888 suggested (when working we can't advise our bosses) to him to leave CPF OA balance there and not to close his CPFIS as it can be used as war chest which is earning reasonable 2.5% return while waiting for market to come down more. His CPF OA can serve as his asset allocation of 2.5% Bond for fixed income and War Chest. Uncle8888 told him that he will prepare some slides for him later......
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By Create Wealth Through Long-Term Investing and Short-Term Trading
I am 62 yrs old uncle living in HDB heartland who has achieved financial independence @ 56 and finally retired @ 60 from full-time job as employee on 1 Oct 2016. Single household income since 1995 with three children. Eldest son and daughter are now working and youngest son still in his 3nd year Uni in SUTD. I have been doing long-term investing and short-term trading in Singapore stock market only since Jan 2000 so I am that Panda or Koala in the investment world; but I am still surviving well in the wild. I am now executing my Three Taps solution model to maintain sustainable retirement income for life till 2038. Cheers!
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