Asked by Anonymous
Also, what are some of your recommended investment vehicles beside cpf?
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
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.
It all depends On my phase of life.
The most important point is : Don’t Over Stretch Yourself in your home purchase.
I have always stayed in a HDB flat. Started with a small one and gradually move to a bigger one. We are still staying in one after all these years. Clearly I don’t believe in properly investment (but that just me) .
When i I was young and starting out, I use more CPF OA, soon, I discovered 1M65 so I moved to less CPF and More cash. It was easier then as I don’t have a big flat. I believe that housing loan is quite a ”healthy loan”, i.e. I can put money into SA and get up to 5% and housing loan charges only 2.5%.
One need to know how much is in the housing and for how long.
Alway restructure your property portfolio to get the appreciated value out for reinvestment.