facebookAm at age 26 soon and going to use my cpf to pay for housing, curious to ask was your house funded by OA in cpf and how long did you take to save back the Amt used in OA? ? - Seedly

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          Anonymous

          07 Jun 2019

          SeedlyAMA

          Am at age 26 soon and going to use my cpf to pay for housing, curious to ask was your house funded by OA in cpf and how long did you take to save back the Amt used in OA? ?

          Also, what are some of your recommended investment vehicles beside cpf?

          AMA 1M65

          7

              Discussion (7)

              What are your thoughts?

              Jim Ng

              Jim Ng

              07 Jun 2019

              Level 7·Marketing Strategist at https://www.bestseo.sg

              My flat is funded fully from CPF, I have zero cash outlay for it.

              Recommended investment vehicles besides CPF:

              Risk averse investor:

              SSB, STI ETF, FDs

              Moderate investor:

              Mid cap, small cap and blue chip stocks

              High risk investor:

              CFDs, Forex, Options trading

              Ask yourself first, what is the time horizon you're looking at to set aside the money? What is the amount that you're trying to achieve through investments? Are you reliant on your investments to generate income for the long term? Do you have any emergency funds parked aside outside of your investments portfolio?

              That way, you can determine which investment vehicle is most suitable for you.

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                  Ryan Ong

                  Ryan Ong

                  04 Jun 2019

                  Level 6·Partner at Stacked Homes

                  I haven‘t used my CPF at all for my house (I transfer my OA to my SA and pay in cash for the 4% interest). Paying for the house in cash is quite manageable if you buy modestly for your first home.

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                      Loo Cheng Chuan

                      Loo Cheng Chuan

                      07 Nov 2018

                      Level 9·Founder at 1M65 Movement

                      It all depends On my phase of life.

                      The most important point is : Don’t Over Stretch Yourself in ...

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