There was a period of time earlier this year that I contemplated on using my CPF money to invest. I sought some advice from my financial adviser back then on how the process is like and what options were available. The idea of using money that has to be locked away for a long, long time and not having to consider much “risk” with using cash on hand was a tantalizing thought indeed.

But the idea didn’t last long with me.

If you’re not that familiar with how you can use your CPF money to invest, here’s a quick crash course. Firstly, you would have to open a CPF Investment Scheme (CPFIS) account under one of the three major banks in Singapore, namely DBS, OCBC or UOB. Then you can start trading using that account as like you would with your cash.

There is also a limit to how much …