CPFIS

Hello KT,

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Great thinking there to Invest your $$ to let it grow, and hopefully, retire early! ;)

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Note on CPF Returns

There are a few things to take note of: For individuals under 55 the first combine $60K balance can earn up to 5% interest (capped at 20K for OA) you can read more of it here https://www.cpf.gov.sg/member/growing-your-savi....

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Hence it would only make sense to invest in assets that generate more returns than 4-5% per year? Else it's better to leave it in the CPF account.

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Which stock to buy? No worries - Robo-advisors handle that qn for you

With that considerations clarified let's answer your question: Which stock to buy?

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I'm unsure if you can buy individual company stock using OA but I do know that you can invest it through a Robo-advisory company like StashAway/ Endowus / Safe. These companies help you to invest into a diversified pool of assets that aims to generate market returns of about 10% returns Per Year depending on your risk profile.

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The advantage of using robos is not to single pick stock or fund or ETF, but to use their portfolio of funds and let them auto rebalance and reinvest dividends to achieve market returns. So you don't have to worry everytime about what stocks to buy ;) cheers hope this helps, you can reach out to me if you have any further questions! :) cheers

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Endowus would b the best fuss free method.