facebookHow and where can I put my CPF's OA to some investment (super low risk type) so that HDB would not wipe out most of my OA when I buy BTO? I just wish to park the OA somewhere for a short period and put the money back soon after. Any advice please? - Seedly
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Joseph Lim

Posted on 03 Aug 2020

How and where can I put my CPF's OA to some investment (super low risk type) so that HDB would not wipe out most of my OA when I buy BTO? I just wish to park the OA somewhere for a short period and put the money back soon after. Any advice please?

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6 answers

Discussion (6)

Hey there!

After setting aside the $20,000 required, you can invest the remaining. You can choose a diversified portfolio and allocate your investments more in fixed income funds/money market funds and still have a portion on equities related funds for upside returns.

Financial planning is an integral part of life. You can reach me here to find out more.

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Vincent Peh

Vincent Peh

Level 4. Wonderkid

Posted on 11 Aug 2020

Hi Joseph

You will need to first open a CPF Investment Account with DBS, OCBC, UOB.

The first $20,000 in your OA are not investable and you can invested the rest into SPDR Straits Times Index ETF (ES3.SI).

It is low risk compare to those individual shares and there are still risk involve due to the market sentiments (losing money in a short period of time).

Do note that this is not a recommendation to buy, please do your due diligence, you can read more in the link below regards to the STI ETF:

https://www.ssga.com/sg/en/individual/etfs/funds/spdr-straits-times-index-etf-es3

or

To be on the safest side, you can ask HDB to leave $20K in your CPF OA account and earn up to 5% interest on the first $60,000 of your combined CPF balances (OA+SA+MA). The rest into your HDB.​​​

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VC

Vincent Choo

Level 2. Freshie

Posted on 14 Sep 2020

Unfortunately, you can't put the first 20K away....

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