Posted on 25 Dec 2020
So far, my own DIY portfolio is generating ~10% in returns. Is it worth the wait till retirement age? hmm..
Maxed out $15.3k in SRS and dumped it into robo advisor
Maxed out CPF and MA contributions
Personally, perference is invest. reason being 1) I am already contribuing through salary every month, 2) CPF is not withdrawable until retirement. even during covid it was not allowed for anyone to withdraw. therefore I am of the opinion that there is no need to lock in liquid cash for that long.
but in your case, you are getting $800 on $7000, add the further 4% interest, you are getting like 14% on $7000. very good deal.
another case where people might consider to top up SA is if their rainy day funds etc all taken care of, extra cash they don't want to invest in public markets, so top up is a good option.
Write your thoughts