facebookWhat's your advise to a non Singaporean or PR and don't have CPF? - Seedly

Anonymous

18 Apr 2019

SeedlyAMA

What's your advise to a non Singaporean or PR and don't have CPF?

What's your advice to achieve 1M without CPF?

AMA 1M65

Discussion (3)

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Loo Cheng Chuan

07 Nov 2018

Founder at 1M65 Movement

The advice is essentially the same. Find a high interest and Low risk asset and use it to build up a financial safety net that on your retirement, you would have a sizable wealth waiting for you. Then sequentially build up your equity portfolio without the butterflies in your tummy affecting you when markets go on a roller coaster.

Truth is, I can’t find a financial safety net better than that of the CPF SA Account. The high return rate, the illiquidity (so that I can not touch it) and the stability cannot be rivalled by another other asset available in the market.

Learn how to invest! There are so many resources online, and on Seedly! Started learning and start investing!

Raise your income and make sure you have a plan to save/invest a portion of your income?

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