facebookIs it practical to put in so much money into CPF at such a young age, as they can't be taken out until retirement age for the most part? - Seedly

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Anonymous

18 Apr 2019

SeedlyAMA

Is it practical to put in so much money into CPF at such a young age, as they can't be taken out until retirement age for the most part?

AMA 1M65

Discussion (4)

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Loo Cheng Chuan

06 Nov 2018

Founder at 1M65 Movement

This might sounds surprising to you: it is precisely the illiquidity of the CPF schemes that make it good. Many young aspiring investors didn’t realise that it is precisely the ease of buying, selling and withdrawals of other liquid investment that cause you to underperform financially. Solid Long term investors would buy good assets and hold them for very Long term. And the more illiquid an asset is, the more possible it is to harness the power of compounding to snowball your wealth.
It takes guts and conviction, but .... hey, I did it. So can you!

Teo See Hwa

05 Nov 2018

MArketing Associate at Propnex

Use your CPF to leverage when you are young.

Brandan Chen

05 Nov 2018

Financial Planner at Manulife Singapore

Yi Xiong gave a great answer.

Retirement is like climbing a flight of stairs, it is much easier in...

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