I believe can. If u only live in heartland neighbourhood and never go out of that neighbourhood or Orchard or anything like that. No overseas travelling our eating out.
If you have more than enough other sources of income and dont need the OA to be liquid, ERS may suit you. Will be raised to $426k in 2025 k =) Hope it answers
Going forward as public housing price rockets to $1m and higher, children will have less and less to give to parents who may suffer more than current cohort of elderlies. This is assuming asset appreciation continues. Its unlikely the prices stop going up or go down as that will lead to pap harder to stay in power. So I feel that the bubble will one day burst
Actually i may find it a bit wierd in this interview because the POSB lady is explaining some very basic financial advice, tips, insurance, tax matters to a very highly revered financial advisor veteran in this field. It is like explaining how to do 1+1, 2+3 to a mathematics professor.. I think if the host is say CNA Talking Point where the host is a pure host and not a financial sexpert, then it won’t be so wierd.
I think it is more for educating the masses. It is safer investing in her recommended way. Stock investing is not really for common folks as it is higher risk.
yes! For anyone curious, coast fire means you have your investment pot already compoundin and you do jobs to earn only what is needed for your expenses
I do not like others to manage my money aka CPF, cause garmen can anytime change rules and we had to just suck thumb. Thus, I'll be leaving just the BRS and use that amount to invest.
I think contributing to child CPF is one of the worst move out there. Not talking about policy change only, but the fact that the money is locked up for 50 years, even if there are 90k when they are 21, they cannot use or grow it at all! We should provide the monetary support to them when they most needed it (in their 20s, 30s?), not when they are 55, 65 or older. The best parents can do is equip them with the knowledge in finance, not just a lump sum of money.
Yes it is good to safeguard our money with good interest but it is important to have freedom to withdraw certain portion at certain age. 5k to withdraw at 55 should revise to 10k base on present cost of living😅
Nice video. My kid (5 year old) has special needs which spurred me to start investing properly 4.5 years ago. I'm 32 this year and my portfolio is 100% equities. The covid-19 crash which tanked my portfolio -75% made me realise that I'm very comfortable with volatility and risk. Rode the PLTR wave up from 7 dollars and still holding. For parents less comfortable with risk, I agree with broad based ETF or CPF SA but not endowment.
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I believe can. If u only live in heartland neighbourhood and never go out of that neighbourhood or Orchard or anything like that. No overseas travelling our eating out.
Thank you Josh for such great content and conversation!
Happy to share =)
@JOSHTANLIVE Thank you 💯
Nice sharing Josh. Thank you 🎉
Happy to share 🙂
Still considering whether ro go for Enhanced Retirement Scheme
If you have more than enough other sources of income and dont need the OA to be liquid, ERS may suit you. Will be raised to $426k in 2025 k =)
Hope it answers
when you reach mandai horizontally is when you are fully retired .
choi choi
Going forward as public housing price rockets to $1m and higher, children will have less and less to give to parents who may suffer more than current cohort of elderlies. This is assuming asset appreciation continues. Its unlikely the prices stop going up or go down as that will lead to pap harder to stay in power. So I feel that the bubble will one day burst
Actually i may find it a bit wierd in this interview because the POSB lady is explaining some very basic financial advice, tips, insurance, tax matters to a very highly revered financial advisor veteran in this field. It is like explaining how to do 1+1, 2+3 to a mathematics professor..
I think if the host is say CNA Talking Point where the host is a pure host and not a financial sexpert, then it won’t be so wierd.
Yes I'm familiar and teach the concepts myself
but a new voice can sometimes drive home the message better for audiences =)
I think the video sponsored by dbs is it?
I think it is more for educating the masses. It is safer investing in her recommended way. Stock investing is not really for common folks as it is higher risk.
lynette got invest in dbs?
Haha maybe? 😉
coast/barista fire ftw!
yes!
For anyone curious, coast fire means you have your investment pot already compoundin and you do jobs to earn only what is needed for your expenses
I do not like others to manage my money aka CPF, cause garmen can anytime change rules and we had to just suck thumb. Thus, I'll be leaving just the BRS and use that amount to invest.
pov noted whis =)
I will ask my grown up to login to their cpf account, and transfer my bank saving to their SA once a year.😅
Pov noted =)
If we buy the POSB products, can give us free that blue colour squirrel soft toy in front of the lady in the video?
I like that squirrel too 😉
New studio?
Rented studio 🙂
I think contributing to child CPF is one of the worst move out there. Not talking about policy change only, but the fact that the money is locked up for 50 years, even if there are 90k when they are 21, they cannot use or grow it at all! We should provide the monetary support to them when they most needed it (in their 20s, 30s?), not when they are 55, 65 or older. The best parents can do is equip them with the knowledge in finance, not just a lump sum of money.
There are also some who have the POV it is good compounding
CPF MA I think is ok as it can be used to cover medical bills
I'm 74 now, retired at 60, spend 30 k +- annually ,receive 50k +- annually from CPF and investment returns .am i ok with this?😅
Looking good, no worries 🙂
Yes it is good to safeguard our money with good interest but it is important to have freedom to withdraw certain portion at certain age. 5k to withdraw at 55 should revise to 10k base on present cost of living😅
She can't say NO...
Nice video. My kid (5 year old) has special needs which spurred me to start investing properly 4.5 years ago.
I'm 32 this year and my portfolio is 100% equities. The covid-19 crash which tanked my portfolio -75% made me realise that I'm very comfortable with volatility and risk. Rode the PLTR wave up from 7 dollars and still holding.
For parents less comfortable with risk, I agree with broad based ETF or CPF SA but not endowment.
Hope alls good at home. Huat big for 2025!!