Many of you already knew that you can use your CPF monies to invest via the CPF Investment Scheme (CPFIS). According to the information provided by CPF Board[1], any CPF member who fulfils the following criteria is eligible to participate in CPFIS: at least 18 years old not an undischarged bankrupt have more than $20,000 in his OA and/or $40,000 in his SA (does not require the opening of a CPFIA account) However, there are still many people who do not know that they can invest in Exchange Traded Funds (ETFs) using their CPFIS-OA. Currently, there are four CPF-approved ETFs listed on SGX: SPDR Straits Times Index ETF Nikko AM Singapore STI ETF ABF Singapore Bond Index Fund SPDR Gold...
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Here are 6 reasons why you should start a Share Builders Plan (SBP) now! Start from as low as $100 per counter and kick-start your investment journey. 1. Good for beginners New to investing? Facing a dilemma of what stocks to pick, fret not, we have hand-picked 28 quality stocks that you could choose from. If you are conservative and are sceptical of putting a huge sum of money, this plan could be ideal for you as you could start from as low as $100. 2. Set goals in Life Planning for retirement? Saving for child’s education? There could be many financial goals that you would want to achieve? SBP could potentially help you reach your goals with peace of...
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According to the Ministry of Finance in 2017, 34% or about $2.34 billion of Supplementary Retirement Scheme (SRS) funds are lying idle as cash[1]. Instead of letting your SRS funds lay idle, there is a range of SRS-approved investment products that allow you to maximise the funds in your SRS account. In this article, we will learn more about SRS and the reasons to invest in Exchange-Traded Funds (ETFs) with your SRS funds for your ticket to retirement. What is Supplementary Retirement Scheme (SRS)? SRS is a voluntary savings scheme that complements the Central Provident Fund (CPF) savings for retirement. It is a scheme by the government to help address the financial needs of an ageing population by enabling the...
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Working in the financial market giving commentaries can be a challenge. Although this is an extremely broad field, people expect us to be subject matter experts on EVERYTHING. You can argue that this is what we are paid to do – to know. Admitting “we don’t know” is one of the ways we can raise the probability of putting an end to our career – if we want to be really cynical about it. I was once keynote speaker for a seminar held during the 2016 US Presidential Election. I made no mention about the election at all nor did I talk about the latest developments surrounding it because it was not directly in my wheelhouse. Instead, I presented the...
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