The average life expectancy for Singaporeans is 83.2 years, for year 2018. Singaporean males have to perform national services duties for 2 years, and if we were to include university studies, the average age of beginning work in society is 25 years of age. I would have mentioned earlier in my article, Investing from Age Zero, so for age 25 to 60, he has a good 40 years of investment horizon. Working backwards even more, if he had started even earlier (or his parents had given him a hand as a child), he would have a very good horizon of 65 years. Some of my readers have told me verbally that it is very hard to visualise without any figures or examples.
My Daughter’s Journey, from age 0 to 25
I started out my daughter’s savings journey in her CPF Special Account (assume 4% throughout, instead of 5% for the...