Getting started on investing your CPF monies can be a lot more intimidating than investing your money in cash. After all, less than one quarter of CPF members have invested their CPF monies (as of December 2020), making CPF investing an unfamiliar experience for many. Here are 5 tips for you before you start your CPF retirement planning journey through CPF investing.
You don’t have to pay back any CPF interest lost
Many of us are familiar with the concept of CPF accrued interest for a property purchase. Any CPF OA monies withdrawn for a property down payment or monthly mortgage has to be paid back to CPF, with interest, upon the sale of our property. This accrued interest is effectively the interest that we should have earned if we were to leave our CPF untouched.
As we likewise “borrow” our CPF monies to invest, it may seem intuitive that CPF...