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how to invest cpf?
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CWQuah
Master |
16-Aug-2007 22:58
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Hi Stef, It's great to see you do some financial planning while you're still young. Time is actually the most important capital when it comes to investments, not the initial monetary capital. Terencefok and Kilroy are right in emphasizing on savings during the initial years - expenditures on consumption goods NEVER generates long-term income - car ownership in S'pore best illustrate this (easily -10% per annum on the car's payment). Once you've built up a small 'nest egg' for your savings, perhaps an amount that could sustain 6 mths' worth of living expenses minimum (it's a general rule of thumb, increase it if necessary to your personal comfort level), what else you have beyond that can go into low-risk investments. You could try checking out a few financial advisers, perhaps through relatives and friends who already have investments managed by them, to see which of these advisers you may be more comfortable consulting, and to assess their consultancy track records. Do shop around a bit, that will help you to get a better idea of the many ways to achieve your long-term financial goals. Hope this helps! |
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terencefok
Master |
16-Aug-2007 19:13
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I am a polytechnic student, from my experience also, it is very important to save, and as usual, my friends also have too many social events and spend until no savings, but if want to grow your money, if you can take slightly higher risks, consider looking for a financial adviser who is very professional, have your interests at heart, let he/she know your financial goals and they will help you. Remember, saving is more powerful than returns on investment. |
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Pinnacle
Master |
16-Aug-2007 17:08
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Look at Aviva Big E. Its low risk (note that its not risk free), and it guarantees returns above CPF-OA rate (otherwise, you will get your money back) and provides financial protection to your family in the event of death. Search their website for more details. |
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steffysim
Member |
16-Aug-2007 17:02
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Tks alot i take in advise from you..hee we are all youngster think problems lie in we had too much social events and expenses .. u right i save up :) |
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KiLrOy
Master |
16-Aug-2007 15:25
Yells: "I buy only what I can see." |
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Stef, Here's a suggestion and I really mean well for you if you cannot stomach ANY risk. For your CPF, IF IT AINT BROKEN, DUN FIX IT. Since you are a UNI student, mebbie the best way to 'invest' is to SAVE and be prudent with your spending. If you can stay with your bf after marriage, better still. You get to save more though you may be contributing to the monthly utils and ocassional dinners. When you have enuff $$$ in future, you need not worry about having to take up loans for your housing or reno or your car ( i am speaking from experience). Saving (either with FD, bonds or money market) is slow and we both know but it's a sure safe way. See ... I didnt ask you to even consider stocks ~ :) |
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steffysim
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16-Aug-2007 15:09
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Hi guys, I hope to earn more in my cpf hee I need to buy a house after 2years for my future mother in law and boyfriend. Any sound advise as I only had close to 9k but think buy a home need at least 11 k right? How can i make some return using cpf investment I had earn some using great eastern last two years fetch me on average 12 % but now that I had a new poem account I wonder if is good to invest in poem at the same time I am worry that I might make a loss too. Then I will had even more problem getting a home. Now that I got shelter is okay but if I am going to stay with my bf. I hope I can at least contribute. Even thought I am a uni student now I hope to start planing now. Can anyone help and advise mi?Wise people:) |
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