As from April 2013 my Journey in Investing is to create Retirement Income for Life till 80 years old for two over market cycles of Bull and Bear.

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Sunday, 8 October 2017

How I Accumulate $1M In CPF OA!


Year on year voluntary top up to CPF Accounts?

1. Mandatory CPF contributions as full-time employee


2. Becoming one patient and discipline CPFIS investor who is only active during STI bear markets

3. Compounding interests at CPF OA  2.5% rate


Read? More CPF investors beat guranteed risk-free returns in fiscal 2016

Read? One Uncommon Way To Top Up CPF OA Through CPFIS




8 comments:

  1. Yup, one workable strategy.

    The question is how big is your OA war chest? Many Gen Y may have not very much OA due to high mortgage payment.

    Just a diary note.

    ReplyDelete
    Replies
    1. Statistically based on median income, likely many of us will have small war chest in cpfis after mortgage and that is why we have to be very patient and wait for growth dividend and capital gains opportunity. But many are just happy with yield beating CPF OA 2.5% can Liao. Why wait?

      Delete
  2. From CPF 2016 annual report ...

    As at 31 December 2016, there were 917,373 CPF members who invested under the CPFIS-OA Scheme, an increase of 0.7% from 911,322 CPF members as at 31 December 2015. However, the total amount of OA savings invested decreased by 4.9% to $18,139.6 million as at 31 December 2016, from $19,070.9 million as at 31 December 2015.

    As at 31 December 2016, there were 343,796 CPF members who invested under the CPFIS-Special Account (CPFIS-SA) Scheme, a decrease of 6.5% from 367,818 CPF members as at 31 December 2015. The total amount of SA savings invested decreased by 4.3% to $5,025.7 million as at 31 December 2016, from $5,251.6 million as at 31 December 2015.

    +++

    So, average $19,773 per person invest their OA in 2016 ($18,139.6 million / 917,373)
    However, it did not state what was the % of CPFIS.

    ReplyDelete
    Replies
    1. Page 39, under CPF INVESTMENT SCHEME (CPFIS)
      https://www.cpf.gov.sg/Assets/Common/Documents/ViewAnnualReport2016inPDF.pdf

      Delete
  3. RETIREMENT SUM TOPPING-UP SCHEME

    There were a total of 146,340 cash and CPF top-ups amounting to $1.8 billion to RA and SA in 2016. This represented an increase of 30.0% and 96.0% in the number of top-ups and top-up amount respectively, compared to 2015.

    + + +

    More people now builds their retirement nets. Is a long journey, a sure one (IMO).

    ReplyDelete
  4. Sir, perhaps uninterrupted 39 year long career tells me how you accumulated a 6 digit number in pension account.
    What would be the reduction in pie if none of the amount is invested (in other words left to pension interest) in the stocks?

    ReplyDelete
    Replies
    1. Can remove up to 35% of the Pie if CPFIS fund is not invested

      Delete

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