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Should You Buy Shares with Your CPF?
By The Smart Investor  •  January 20, 2022
The Central Provident Fund (CPF) is a compulsory savings scheme for Singaporeans and Permanent Residents. People who are in full-time jobs enjoy monthly contributions to their CPF account. Yet, most have little idea on the best way to manage their CPF monies. Many of us simply let our CPF accrue interest of just 2.5% in the Ordinary Account and 4% in the Special Account. With inflation rising in recent times, there is a need to make our money work harder for us. There are actually many investment options out there that you can make use of to enable your money to work harder for yourself. For instance, the CPF Investment Scheme (CPFIS) allows investors to invest a part of their CPF in approved investment products. These range from government bonds and Singapore Savings Bonds to riskier assets such as unit trusts and individual stocks. Here’s why I think savvy investors should invest their CPF account in stocks....
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By The Smart Investor
The Smart Investor is co-founded by David Kuo, Joanna Sng, and Chin Hui Leong. The company was formed in late 2019 from the ashes of the Motley Fool Singapore. The Smart Investor believes that everybody can learn how to invest, smartly. We aim to educate people on how to invest smartly by providing investing education, stock commentary and market coverage for Singapore and around the world.
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