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Loo Cheng Chuan
07 Nov 2018
Founder at 1M65 Movement
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Learn how to invest! There are so many resources online, and on Seedly! Started learning and start investing!
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Raise your income and make sure you have a plan to save/invest a portion of your income?
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The advice is essentially the same. Find a high interest and Low risk asset and use it to build up a financial safety net that on your retirement, you would have a sizable wealth waiting for you. Then sequentially build up your equity portfolio without the butterflies in your tummy affecting you when markets go on a roller coaster.
Truth is, I can’t find a financial safety net better than that of the CPF SA Account. The high return rate, the illiquidity (so that I can not touch it) and the stability cannot be rivalled by another other asset available in the market.