The Central Provident Fund (CPF) is (from the CPF website) “…a comprehensive social security system that enables working Singapore Citizens and Permanent Residents to set aside funds for retirement. It also addresses healthcare, home ownership, family protection and asset enhancement.”1 Basically it is an account to save up for your retirement, but the savings inside could also be used to pay for your housing, medical bills and investments.
I shall not go into the details on the workings of the CPF (you could find the relevant information from the CPF website at www.cpf.gov.sg), but rather on whether we could implement The Bedokian Portfolio using the CPF. Also, the account that we are focusing on is the CPF Ordinary Account (OA), although there is the CPF Special Account (SA) which provided a higher interest rate. I considered the CPF OA from the viewpoint of growing it more …