PFF Panel 1
Seedly PFF 2019
Asked on 02 Mar 2019
If you mean investing, i would prefer to invest over a period of time as i do not want to time the market. Also it allows me to buy the dips if there is any.
I have done it over a period of 8 years. I only top up the SA when my income tax hit 11.5% bracket hence take slightly longer time to hit this milestone.
takes years, need patience.
time horizon surely dependent on Your cash flow in (profession) and out (expenses, life style)
I started off "late" in the CPF game. However late it is though, there is still sufficient time for CPF savings accumulation.
After working for about 5 years, I started off with $43,644.90 in my SA with no clue nor application of any CPF savings strategy.
Made my first OA to SA transfer of $34,044.23 in Aug 2019.
Started doing a regular transfer of $2,200 to SA each month (BHS for MA reached). RSTU cash top-up of $100 each month.
As of 1 Nov 2019, it stands at $82,222.09. I will reach $130,000 in 20 months from now. Nothing is impossible.