Invest
Starting to invest CPF-OA monies with Endowus
By Finance Smiths  •  August 30, 2021
As we get to the end of Aug, it seems to be a time of significant investing actions taken. With my CPF-OA and cash balances ready to pay for the remaining downpayment of my private property purchase, I have been busy adjusting my automated monthly investment plans to be effective from next month onwards. This includes increasing the cash funds transfers into our StashAway robo-advisor, OCBC Blue Chip Investment Plan (BCIP) and POSB Invest-Saver accounts. And setting up the new UOB SimpleInvest accounts. The next logical step is to look at how we can better utilise our CPF-OA monies by investing it. We have always refrained from investing our CPF-OA monies as we wanted to keep it liquid for private property downpayment and monthly mortgage servicing payments. Given that this private property purchase is in my name only, it will wipe out my entire CPF-OA balance. Most of the...
Read the full article
By Finance Smiths
Late 30’s couple with 2 small kids living in Singapore writing about our financial progress as a family.
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance