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

Advertisement

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

Discussion (7)

What are your thoughts?

Learn how to style your text

Jim Ng

Jim Ng

07 Jun 2019

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.

View 3 replies

Ryan Ong

Ryan Ong

04 Jun 2019

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.

Loo Cheng Chuan

Loo Cheng Chuan

07 Nov 2018

Founder at 1M65 Movement

It all depends On my phase of life.

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

Read 2 other comments with a Seedly account

You will also enjoy exclusive benefits and get access to members only features.

Sign up or login with an email here

Write your thoughts

Advertisement