In our primer on how to optimize your CPF balances, we highlighted five sequential steps that an individual can take (and their respective rationales):

1. Voluntary cash top-up to MA
2. Voluntary cash top-up to SA
3. Transfer excess OA balances to SA
4. [As you approach 55 years old] Execute SA shielding
5. [As you approach 55 years old] Execute OA shielding

One aspect that was excluded was the CPF Investment Scheme (CPFIS). In this article, we offer our thoughts on whether an individual should consider investing their CPF balances, alongside our shortlist of CPF-eligible investments that we deem “optimal”....