Albert Einstein is reputed to have said, “Compound interest is the eighth wonder of the world. He who understands it, earns it; he who doesn’t, pays it.”
What happened to Uncle8888’s kiasu and kiasi attitude when comes to re-investing his CPFIS by waiting for the next BIG market crash but it never come since 2009? Aiyah!
Somehow; then he realized the power of nano 8 wonder of the world in CPF OA 2.5% compound interest by looking back at data points! On hindsight; we are wonderful. Right?
Hmm .. can younger CPFIS members be passive investors for a few decades by collecting Pandaols through the Nano 8 wonder of the world as additional source of retirement income?
Right and hold passively for long term?