Anonymous
Hi, I am totally new to investing. I'm wondering if placing my money in CPF would be better in the long run? I am 29 y/o, single, Female with no dependents and no immediate plans to get married. I have no plans to buy a house, so perhaps using the money in my CPF to invest would be a good option- probably through endowus? Is tapping into my OA a good way to start? Plus, I would be starting my work in Australia next year & would be working long term there.
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Shengshi Chiam, CFA
19 Dec 2019
Personal Finance Lead at Endowus
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Hi Anon,
If you have no immediate plans to marry, and will see that you will remain Singaporean and can have that sum of money invested long term, then Endowus CPF investing makes sense!
It would be best if you can dollar cost average in to spread out the investment if you are not used to investing. I have been investing very consistently myself so I was quite comfortable putting a chunk of my CPF OA money with endowus, then spreading the other half by 1q2020