Advertisement
Anonymous
Hi folks. Recently I am thinking to use the ordinary account fund inside my CPF to do the investment rather than putting there. Can provide some useful suggestion?
13
Discussion (13)
Learn how to style your text
Sharon
29 Jul 2020
Life Alchemist at School of Hard Knocks
Reply
Save
Hey there!
There are plenty of investment vehicles you can use with regards to CPF investment. In general, it is highly possible to outbid the usual 2.5% interest rate for your Ordinary Account. And typically, these investment products often don't have a lock-in period.
The key thing you'll want to look at is the funds that are invested in. Typically, you'll want look at funds with a history of strong performance and relevant trends.
If you're opting to do it through an insurer, do make sure you do it through a licensed Financial Adviser who will be always reviewing your investment performance.
All the best!
Financial planning is an integral part of life. You can reach me here to find out more.
Reply
Save
Pang Zhe Liang
29 Jul 2020
Lead of Research & Solutions at Havend Pte Ltd
This is the list of financial instruments that you can invest into: https://www.cpf.gov.sg/Assets/me...
Read 1 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
Related Articles
Related Posts
Related Posts
Advertisement
Since 23 Jun, I parked a lump sum from CPF-OA (no DCA) with Endowus. 60% stocks, 40% bonds. I'm happy with them so far. At least, I saw my money grew almost from the get-go.
Do check them out at https://endowus.com
If you happen to like what they do and their insights, please let me know. I can send a referral link your way. You can get a $20 in Access Fee credit (equivalent to $10,000 advised free, assuming Access Fee of 0.40%). It can be used to offset your Access Fee. (How much will I pay in fees? - In your case, cash: 0.6%; If CPF, 0.4% flat regardless of amount)
Hope this helps!