Guest Guest Posted January 2, 2019 Report Share Posted January 2, 2019 How many of you actively invest or put money into CPF retirement fund Quote Link to comment Share on other sites More sharing options...
Guest Guest Posted January 2, 2019 Report Share Posted January 2, 2019 Or give up cars (or dream of owning a car) Or downgrade or give up dream of a bigger flat or condo Quote Link to comment Share on other sites More sharing options...
Guest Fatty Posted January 2, 2019 Report Share Posted January 2, 2019 CPF is not your money. Quote Link to comment Share on other sites More sharing options...
Popular Post bluerunner Posted January 2, 2019 Popular Post Report Share Posted January 2, 2019 20 minutes ago, Guest Fatty said: CPF is not your money. If you think it’s not your money, please feel free to top-up into my CPF account. MikeC, mate69, Danson and 4 others 1 6 Quote Link to comment Share on other sites More sharing options...
thorzguy Posted January 2, 2019 Report Share Posted January 2, 2019 Some investments that I put my money into are not doing quite well recently, while CPF has been consistent. Having said that, one has to be sure how they want/where they want their money to be. CPF interest rate is attractive but is a one way ticket - cannot simply withdraw anytime (should you need money urgently). Spread the eggs - some in the banks, stocks, and others in investments and CPF. My 3cents thought. bluerunner and kingbitch 2 Quote Link to comment Share on other sites More sharing options...
Guest Hot Swimmer Posted January 2, 2019 Report Share Posted January 2, 2019 Lately a cute guy asked me to buy life insurance from him. And i am thinking CPF vs Life Insurance which is better for retirement saving? Can anyone share your thoughts. Quote Link to comment Share on other sites More sharing options...
lonelyglobe Posted January 2, 2019 Report Share Posted January 2, 2019 Think twice before putting into cpf, is more like can see cannot touch, sounds like a handsome muscular hunk. Quote Link to comment Share on other sites More sharing options...
lonelyglobe Posted January 2, 2019 Report Share Posted January 2, 2019 (edited) 4 hours ago, Guest Hot Swimmer said: 4 hours ago, Guest Hot Swimmer said: Lately a cute guy asked me to buy life insurance from him. And i am thinking CPF vs Life Insurance which is better for retirement saving? Can anyone share your thoughts. Life insurance and endowment plan is crucial....focus on your needs and not the cute guy. Edited January 2, 2019 by lonelyglobe Quote Link to comment Share on other sites More sharing options...
Guest Zhook Posted January 2, 2019 Report Share Posted January 2, 2019 7 hours ago, Guest Guest said: How many of you actively invest or put money into CPF retirement fund I put them in my rusty biscuit tin. Safer than the HO HO HO.J. Quote Link to comment Share on other sites More sharing options...
Guest investfailure Posted January 2, 2019 Report Share Posted January 2, 2019 whatever shares i invested, all now in right. Instead of generating passive money, i'm losing a lot more Quote Link to comment Share on other sites More sharing options...
Guest investfailure Posted January 2, 2019 Report Share Posted January 2, 2019 Just now, Guest investfailure said: whatever shares i invested, all now in right. Instead of generating passive money, i'm losing a lot more *right = red typo Quote Link to comment Share on other sites More sharing options...
Guest Guest4 Posted January 2, 2019 Report Share Posted January 2, 2019 1 hour ago, Guest investfailure said: whatever shares i invested, all now in right. Instead of generating passive money, i'm losing a lot more Since now price is lower, buy more to DCA :( Quote Link to comment Share on other sites More sharing options...
Guest investfailure Posted January 2, 2019 Report Share Posted January 2, 2019 36 minutes ago, Guest Guest4 said: Since now price is lower, buy more to DCA many predicted economy downturn this year, price will go even lower can we have financial thread for gay experts to guide us in investing? Quote Link to comment Share on other sites More sharing options...
Guest RetireReady plus Posted January 2, 2019 Report Share Posted January 2, 2019 Dear Bros, since we are on this topic, anyone has consider investing into a retirement saving plan - RetireReady Plus? Comments please Quote Link to comment Share on other sites More sharing options...
tomcat Posted January 2, 2019 Report Share Posted January 2, 2019 if the goal is to attain annuity payment, then it is wise to top up. at the moment, i like to keep my secondary savings liquid and see the options before i do a massive top-up. you never know, if the annuity sucks, it's just not worth it. my housing is already settled, so CPF for me will serve as it original purpose: retirement funds. Quote 🌑🌒🌓🌔🌕🌖🌗🌘🌑 Link to comment Share on other sites More sharing options...
Guest Hot Swimmer Posted January 2, 2019 Report Share Posted January 2, 2019 6 hours ago, lonelyglobe said: That insurance guy is tall, good looking, angelic smile, fit body built in executive shirt and those bubble butt in tight pant. Abosolutely yummy one. Yeah i am thinking to save more for retirement by life insurance and endowment plans. CPF though offer higher interest but you can never use all of them while still alive. Better put in life insurance. After maturity can get the money to spend. Quote Link to comment Share on other sites More sharing options...
bluerunner Posted January 3, 2019 Report Share Posted January 3, 2019 13 hours ago, Guest Hot Swimmer said: CPF though offer higher interest but you can never use all of them while still alive. Better put in life insurance. After maturity can get the money to spend. I strongly advise you to revisit the CPF website or go for talks organised by CPF to have a better understand how CPF works. Your understanding on, I quote, “...you can NEVER use all of them while still alive...” is totally flawed. Quote Link to comment Share on other sites More sharing options...
Guest Hot Swimmer Posted January 3, 2019 Report Share Posted January 3, 2019 5 minutes ago, bluerunner said: I strongly advise you to revisit the CPF website or go for talks organised by CPF to have a better understand how CPF works. Your understanding on, I quote, “...you can NEVER use all of them while still alive...” is totally flawed. That's what people say. Your money lock up in cpf and any extra will pass down to your kin after you pass away. So you can never spend all your money in cpf. Haven't heard of cpf talks teaching people to spend up all their cpf money. Quote Link to comment Share on other sites More sharing options...
lonelyglobe Posted January 3, 2019 Report Share Posted January 3, 2019 I suppose the only way to take out everything is to give up your citizenship. Quote Link to comment Share on other sites More sharing options...
lonelyglobe Posted January 3, 2019 Report Share Posted January 3, 2019 15 hours ago, Guest Hot Swimmer said: That insurance guy is tall, good looking, angelic smile, fit body built in executive shirt and those bubble butt in tight pant. Abosolutely yummy one. Yeah i am thinking to save more for retirement by life insurance and endowment plans. CPF though offer higher interest but you can never use all of them while still alive. Better put in life insurance. After maturity can get the money to spend. That guy is not going to be with u forever but your money is. matric 1 Quote Link to comment Share on other sites More sharing options...
GayFinancePlanner Posted March 26, 2019 Report Share Posted March 26, 2019 I do not voluntarily top up my cpf but i do cpf-is account to invest. so far my clients and my own investment are all doing pretty well. But of course, you gotta get a good advise as to which particular fund to invest. If you put it in a wrong fund. Quote Link to comment Share on other sites More sharing options...
LeanMature Posted March 27, 2019 Report Share Posted March 27, 2019 You can invest in this SRS or supplementary retirement scheme, where money put in is tax deductible. Can withdraw full amount at 65. Quote Don't read and response to guests' post Link to comment Share on other sites More sharing options...
Guest Kaka Posted March 27, 2019 Report Share Posted March 27, 2019 Interest on your CPF stops calculating after u mati. It is a scam. Another way not to pay u. Quote Link to comment Share on other sites More sharing options...
lonelyglobe Posted March 27, 2019 Report Share Posted March 27, 2019 Tagline for cpf: "So easy to put in, so hard to take out" If really got spare cash, should consider settle your home loan first, put into fix deposit as bank are upping their rates foreseeing a recession soon.... no matter how technology changes, "cash is king" and cash is something that u can easily feel and touch it as and whenever u want. Quote Link to comment Share on other sites More sharing options...
Guest CPFInvtLoss Posted March 27, 2019 Report Share Posted March 27, 2019 On 1/2/2019 at 8:17 PM, Guest investfailure said: whatever shares i invested, all now in the red. Instead of generating passive money, i'm losing a lot more Think Hyflux. If you had used CPF, your expected loss would be a whopping 97%! Quote Link to comment Share on other sites More sharing options...
Guest sggay Posted March 27, 2019 Report Share Posted March 27, 2019 I will only use spare cash to invest, won't touch my CPF. Quote Link to comment Share on other sites More sharing options...
fab Posted March 27, 2019 Report Share Posted March 27, 2019 Most ppl I know have problem meeting the minimum amount after servicing their housing loan. Quote 鍾意就好，理佢男定女 never argue with the guests. let them bark all they want. 结缘不结怨 解怨不解缘 After I have said what I wanna say, I don't care what you say. 看穿不说穿 Link to comment Share on other sites More sharing options...
Ahseng_ Posted March 27, 2019 Report Share Posted March 27, 2019 On 1/2/2019 at 10:16 AM, Guest Guest said: How many of you actively invest or put money into CPF retirement fund Muhahahahahahahahahahhahahahahahahahahahha Quote Link to comment Share on other sites More sharing options...
Ahseng_ Posted March 27, 2019 Report Share Posted March 27, 2019 (edited) On 1/2/2019 at 11:15 AM, bluerunner said: If you think it’s not your money, please feel free to top-up into my CPF account. If you can withdraw CPF from my call my money from oa, sa and Medi save in cold hard cash I give you 40% of it Edited March 27, 2019 by Ahseng_ Quote Link to comment Share on other sites More sharing options...
Guest Integrity Posted March 27, 2019 Report Share Posted March 27, 2019 3 hours ago, Larry said: Using CPF & cash, I am collecting dividends (varying from $5k to few hundreds per stock so far) for the following stocks, January: Singtel February: Fraser Property March: Lion-Philips Reit April May: S'pura Finance, Pan United June July: Hotel Grand Central August: Singtel, S'pore Shipping September: Pan United, Lion-Philips Reit, Sasseur Reit October November: Guccoland December Still looking for stocks to fill up April, June, October & December time slots. I believe this is a good way preparing for old age. You probably has Hyflux too. Come on, be honest. Quote Link to comment Share on other sites More sharing options...
Guest Tio Bio? Posted March 27, 2019 Report Share Posted March 27, 2019 I try to eat 2 meals a day. Reduce carb and sugar. Cheap Cheap. Easy to maintain. I forgot I have CPF, not much, and was told it was not my money. So, won't consider that as liquidity. Even if it does, still have many messy conditions attached to it to make your hair stands. So Ya, a bird in hand is better than thrice in the bushes. Go out less, eat less and spend less. No networking, no expensive dining and be a minimalisim. End of the day, life should be better than those with fluctuating incomes, Tio Bo? Quote Link to comment Share on other sites More sharing options...
bluerunner Posted March 27, 2019 Report Share Posted March 27, 2019 4 hours ago, Ahseng_ said: If you can withdraw CPF from my call my money from oa, sa and Medi save in cold hard cash I give you 40% of it If I could withdraw your money from your CPF account, do you think you still have 40% to give to me? Think harder next time yeah. Quote Link to comment Share on other sites More sharing options...
Guest guest Posted March 27, 2019 Report Share Posted March 27, 2019 Wait the goal post is repositioned again, and again. Further and further away, LOL. Quote Link to comment Share on other sites More sharing options...
Ahseng_ Posted March 27, 2019 Report Share Posted March 27, 2019 2 hours ago, bluerunner said: If I could withdraw your money from your CPF account, do you think you still have 40% to give to me? Think harder next time yeah. thanks for confirming it cant not be withdraw. likewise Quote Link to comment Share on other sites More sharing options...
Guest Fake nasi lemak Posted March 27, 2019 Report Share Posted March 27, 2019 8 hours ago, Guest guest said: Wait the goal post is repositioned again, and again. Further and further away, LOL. That will depends on the voters. I have long lost hope in human intelligence to see thru the scam. Quote Link to comment Share on other sites More sharing options...
Nipoet Posted March 27, 2019 Report Share Posted March 27, 2019 On 1/2/2019 at 10:16 AM, Guest Guest said: How many of you actively invest or put money into CPF retirement fund No, but I did use some from OA to do external investment, and used cash funds to invest externally. Quote Link to comment Share on other sites More sharing options...
bluerunner Posted March 28, 2019 Report Share Posted March 28, 2019 For those who has set up a SRS account, does it matter which bank you choose? Kindly share your opinion. Thanks. Quote Link to comment Share on other sites More sharing options...
Guest Do you know Posted March 28, 2019 Report Share Posted March 28, 2019 On 1/2/2019 at 10:16 AM, Guest Guest said: How many of you actively invest or put money into CPF retirement fund I tried to top up SA account but CPF won't allow cos my CPF contribution from my salary exceeds the ceiling Quote Link to comment Share on other sites More sharing options...
Jusfriend Posted March 28, 2019 Report Share Posted March 28, 2019 1 hour ago, Guest Do you know said: I tried to top up SA account but CPF won't allow cos my CPF contribution from my salary exceeds the ceiling nvr thought on finding other way? Quote Link to comment Share on other sites More sharing options...
Jusfriend Posted March 28, 2019 Report Share Posted March 28, 2019 4 hours ago, bluerunner said: For those who has set up a SRS account, does it matter which bank you choose? Kindly share your opinion. Thanks. mostly i heard ppl around me they set up srs acc with OCBC. hmm got different ma? Quote Link to comment Share on other sites More sharing options...
bluerunner Posted March 28, 2019 Report Share Posted March 28, 2019 1 hour ago, Jusfriend said: mostly i heard ppl around me they set up srs acc with OCBC. hmm got different ma? Not sure. That’s why I am asking. Browsing the bank website, OCBC and UOB sites are more interesting. Quote Link to comment Share on other sites More sharing options...
LeanMature Posted March 29, 2019 Report Share Posted March 29, 2019 10 hours ago, bluerunner said: Not sure. That’s why I am asking. Browsing the bank website, OCBC and UOB sites are more interesting. Depend on what product you are interested to buy and which bank is offering that product. You won't let the money just sit in your SRS Account. Quote Don't read and response to guests' post Link to comment Share on other sites More sharing options...
cloxk Posted March 30, 2019 Report Share Posted March 30, 2019 (edited) diversify. topup ur CPF, and invest in something else. diversify your 'something else' - stocks, precious metals, foreign currencies, startups, just name it. pick any of them, for example. with diversification, you will mitigate your risks a lot more, thus ensuring that you will get your money's worth without raising your risk profile too high. merely my humble opinion and make sure your biggest investment is with yourself - eat right. sleep right. exercise right. think right. feels right. and be mindful of ur words and actions. and always make sure you strive to be at least 20 years or 30 years younger than ur actual age. Edited March 30, 2019 by cloxk Sweetcorn 1 Quote Link to comment Share on other sites More sharing options...
Kin3tiCs Posted June 16, 2019 Report Share Posted June 16, 2019 (edited) On 1/2/2019 at 8:17 PM, Guest investfailure said: whatever shares i invested, all now in right. Instead of generating passive money, i'm losing a lot more What a lot of investors lack is real knowledge of stocks investing. We need to go where “the action” is; and not hearsay from a lot of other people. I’ve been trading in the US Stock market for about 8 years now and average about 20% profit p.a just by trading stocks and ETFs (I trade stocks, options, futures, bonds, commodities and forex)! You may be sceptical about it but I want people to see it’s possible to do so even with very small portfolios. I don’t bullshit my friends about the figures I claim to make, that’s why I have a Facebook group where I actually post all my trades (winners and losers) at the end of each week. If any of you you are interested, I welcome all of you to join my Facebook group (Good Trading!) and see for yourself. It’s entirely free and I give details on which exact trade I do and the techniques I used to enter each particular trade. https://www.facebook.com/groups/1472167989572385/?ref=share Edited June 16, 2019 by Kin3tiCs Quote Link to comment Share on other sites More sharing options...
Kin3tiCs Posted June 16, 2019 Report Share Posted June 16, 2019 (edited) On 1/2/2019 at 9:56 PM, Guest investfailure said: many predicted economy downturn this year, price will go even lower can we have financial thread for gay experts to guide us in investing? . Edited January 26, 2023 by Kin3tiCs Quote Link to comment Share on other sites More sharing options...
Guest Willie Posted June 16, 2019 Report Share Posted June 16, 2019 On 3/28/2019 at 3:55 PM, bluerunner said: For those who has set up a SRS account, does it matter which bank you choose? Kindly share your opinion. Thanks. It does not matter at all. You can use your bank's SRS account to buy another bank's products. 100% confirmed because I have done that before. Quote Link to comment Share on other sites More sharing options...
bluerunner Posted June 16, 2019 Report Share Posted June 16, 2019 1 hour ago, Guest Willie said: It does not matter at all. You can use your bank's SRS account to buy another bank's products. 100% confirmed because I have done that before. Thanks for the info. Quote Link to comment Share on other sites More sharing options...
keyboard Posted June 16, 2019 Report Share Posted June 16, 2019 Don't know why Singaporeans always complain about CPF. If there's no CPF, like other developed countries, you pay like say 22% in tax when you reach above $29k/annum which you don't get much back. How about 10% of GST or some other weird tax they collect. CPF will never make you rich, it just provides enough so you don't starve on the streets. There are ways to benefit from the CPF system if you're able to bear the pain and see far enough and even let CPF pay your CPF for you. Use your brain harder to figure it out yourself "Guests". bluerunner 1 Quote Link to comment Share on other sites More sharing options...
Guest Fubuc Posted October 13, 2019 Report Share Posted October 13, 2019 I want higher payout on my retirement. Can I just rely on my cpf contribution? Quote Link to comment Share on other sites More sharing options...
Guest Chua Posted May 23, 2020 Report Share Posted May 23, 2020 i've been in Ontario for 6 momths already for work assignment. Am I still getting cpf? Do I have to pay tax for Y2019? Quote Link to comment Share on other sites More sharing options...
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