If Patrick would have plowed his extra money into equity instead of refunding back to his CPF OA, though not getting 4M65 in CPF, he could have 10M65 in his equity portfolio. Again, to each his own. His strong financial status allows him to be very conservative and yet achieving financial independence. I applauded his achievement. Kudos!
3:37 I thought you were going to show us the figures of how they accumulated the CPF over the their past 40 years every year to hit 3.75 mil now, to show that it's possible.
Let’s be honest we don’t know how much is their income , and how much they top up their cpf ? If they are earning a decent income, definitely not much effort is needed. If they top up regularly might just have more than 4m.
Yah, Loo must know and validate the numbers before broadcasting. I'm confused even 1m65, it seems we must take out OA to S&P? Then how the compounding interest come from to make 1mio??
Initially I believed his video but too much of his talk kept me sceptical. Why is he now trying to tell people this and that. Look there are people who are much more smarter. There is a saying silent is the key to your knowledge and know how . I am now???????nothing against him😂😂
I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Natalie Rose Strayer.
I'm surprised that you just mentioned Natalie Strayer here also Didn’t know she has been good to so many people too this is wonderful, i'm in my fifth trade with her and it has been super.
Natalie Strayer has really set the standard for others to follow, we love her here in Canada 🇨🇦 as she has been really helpful and changed lots of life's
When one pass away, cpf life annuity only return the unused portion. But there are funds out there that pay dividends monthly and capital gteed on death to get back 105% capital by beneficiaries
The closure of SA changes everything unfortunately...better to start investing OA into Endowus early...then yeah, 1M65 or even higher is definitely possible with a longer runway...
@@1m65 It does....post 55, SA can have an infinite amount compounding at 4%....but that is gone now....have to settle for miserable 3% plus minus for T-Bills (if lucky, since alot of ppl tend to low-ball when they bid)...for RA post 55, max is ERS of that year...but imo, it is ill-advised to put too much into CPF RA also cos the interest is pooled...better to diversify outside of CPF
Is a great achievement, but why put such a big amount in cpf but not fully utilize to max out the potential? Imagine someone put 4m in malaysia epf 20y back with 1:2 exchange and now 1:3.5 ….. inflation is cash natural enermy
Even if this value is real, we dont know how they get their capital into CPF. Cause if put into T-bill, its not possible to triple or quadruple the capital until $4m. Something is not exactly explained to reach 1m, 1m to 2m, 2m to 4m.
He used his OA to buy investment properties in his younger years, then sold them after their appreciation in order to refund to his OA in retirement. Essentially he invested his OA.
@@牛领导 The total CPF contributions (both employee and employer contributions) for both ordinary wage and additional wage are capped at 37740 per year for each job. Anyway he invested his OA in property instead of relying on just monthly contributions.
65 years old achieve 4million. So old already and so much money. Start spend, spend, else not much time left. CPF is slow. Property is faster! Many achieve more than 4million before 65years old.
If you have money to TOP-UP, 10M65 is also possible. Basically transfer your money or your parents' monies into CPF early. Does not take a rocket scientist to teach you this. The objective of CPF is to save up for retirement, medical and property purchase. You want more, you just put more inside. But what is REALISTIC? There should not be videos about rich people using CPF to their advantage, there should be down-to-earth videos about what the regular guy can do to maintain a healthy balance. These videos are getting ridiculous and detracting from the main purpose of the CPF system.
Looks like lessons have not been learnt after the painful SA closure saga (and SA shielding). If you are going to depend on the interests derived from cpf for the next 20-30 years, don’t continue to broadcast its merits unless you want to draw government attention and take adverse actions to nullify it. Government can start to be creative for example: have two or more tier interest rates such that your 2.5% OA account is for amount up to a limit (much like OCBC 360 high interest cap to $100k or UOB one account cap at $150k) and at the same time eliminate T bills availability to cpf funds. And so on. Yes it may seem obvious but be very careful with what you say or print. Loose lips sink (cpf) ships.
If Patrick would have plowed his extra money into equity instead of refunding back to his CPF OA, though not getting 4M65 in CPF, he could have 10M65 in his equity portfolio. Again, to each his own. His strong financial status allows him to be very conservative and yet achieving financial independence. I applauded his achievement. Kudos!
10M80 will be the next target
You mentioned Mr & Mrs Teo also used Singapore T bills to help in their OA. Any eleboration in this area also?
3:37 I thought you were going to show us the figures of how they accumulated the CPF over the their past 40 years every year to hit 3.75 mil now, to show that it's possible.
Let’s be honest we don’t know how much is their income , and how much they top up their cpf ? If they are earning a decent income, definitely not much effort is needed.
If they top up regularly might just have more than 4m.
Yah, Loo must know and validate the numbers before broadcasting. I'm confused even 1m65, it seems we must take out OA to S&P? Then how the compounding interest come from to make 1mio??
Need to show the numbers, keep harping for years and how can others take action？so strange .
Initially I believed his video but too much of his talk kept me sceptical. Why is he now trying to tell people this and that. Look there are people who are much more smarter. There is a saying silent is the key to your knowledge and know how . I am now???????nothing against him😂😂
Lots of if and what and goofy😊
😮😮😮😮😮 lots of ???!!!!
I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Natalie Rose Strayer.
I'm surprised that you just mentioned Natalie Strayer here also Didn’t know she has been good to so many people too this is wonderful, i'm in my fifth trade with her and it has been super.
The very first time we tried, we invested $2000 and after a week, we received $9500. That really helped us a lot to pay up our bills.
Natalie Strayer has really set the standard for others to follow, we love her here in Canada 🇨🇦 as she has been really helpful and changed lots of life's
This sounds so good and I would like to be a party to it, is there any way I can speak with her?
After I raised up to 125k trading with her I bought a new House and a car here in the states also paid for my son's surgery
Glory to God shalom.
4M65 includes Asset such as housing value?
how to start the 1m65?
Good sharing🎉
When one pass away, cpf life annuity only return the unused portion. But there are funds out there that pay dividends monthly and capital gteed on death to get back 105% capital by beneficiaries
The closure of SA changes everything unfortunately...better to start investing OA into Endowus early...then yeah, 1M65 or even higher is definitely possible with a longer runway...
It doesn’t change everything lah
@@1m65 It does....post 55, SA can have an infinite amount compounding at 4%....but that is gone now....have to settle for miserable 3% plus minus for T-Bills (if lucky, since alot of ppl tend to low-ball when they bid)...for RA post 55, max is ERS of that year...but imo, it is ill-advised to put too much into CPF RA also cos the interest is pooled...better to diversify outside of CPF
Dont need stress too much ...lives goes on even we cant hit 165
RA interest is not yours....it goes into a pool for ALL CPF members
Is a great achievement, but why put such a big amount in cpf but not fully utilize to max out the potential? Imagine someone put 4m in malaysia epf 20y back with 1:2 exchange and now 1:3.5 ….. inflation is cash natural enermy
it just take 1 change from govt policy to dash everyone's xM65 hopes and dreams
Yes everything has risk
Is this 4M inclusive of RA account?
Also, this excludes MA account...I guess
XM65 the number only goes higher and higher
Hi,how we know the figures are real?
Well, I also on the way there…
THANKS
There is over do if 4M.. just ask yourself what life style you want and how much need to achieve... rather than just mislead by other...
4M is contribution by husband and wife.. For Individual, should be 2M65 right? Is this achievable, base on this "secrets", I will say probably, yes.
Even if this value is real, we dont know how they get their capital into CPF. Cause if put into T-bill, its not possible to triple or quadruple the capital until $4m. Something is not exactly explained to reach 1m, 1m to 2m, 2m to 4m.
He used his OA to buy investment properties in his younger years, then sold them after their appreciation in order to refund to his OA in retirement. Essentially he invested his OA.
I want ERS@55 + passive income to sustain expenses from 55-65.
Takes about 40 years of 37700 contribution yearly compounding at 4%.. start at 25 yo
Life is short. Can die before u reach 65. U truly owned these monies when u spent it.
That’s a very dangerous thinking
True but it's a fact 🤣
@@1m65so is dividend investing and buying SG bank stocks? 😂
@@user-ge1ly9cm1w the mentality of truly owning monies when you spent it is many times more dangerous than Dividend & Banking investing.
Well said. It is dangerous having so much money if you never get to use it.
Please dont say you owe CPF money when you use it and say CPF is your own money.
Don't you think you are contradicting yourself?
Clickbait, this is 2m65
1M65 concept is for a couple all along.
65M65 Warren did it 😎
4M 65 is hard le, Mr Loo😬😬🤣🤣. Must work till old liao😁
XQ, just work till 65 enough lah…
@@1m65 😬😬🤣🤣
Don't put in CPF. Buy these 4 stocks (AI) 1. Nvidia (NVDA) 2. Micron 3. TSMC (Taiwan) 4. ASML
Their monthly contribution must be damn high. Monthly salary of $100k?
Salary high also no use. CPF contribution got cap.
@@1m65 basic income has cap. Variable income has no cap. Anyway good got them.
@@牛领导 The total CPF contributions (both employee and employer contributions) for both ordinary wage and additional wage are capped at 37740 per year for each job. Anyway he invested his OA in property instead of relying on just monthly contributions.
Annual contribution (including bonuses) also got cap
65 years old achieve 4million. So old already and so much money. Start spend, spend, else not much time left. CPF is slow. Property is faster! Many achieve more than 4million before 65years old.
If you have money to TOP-UP, 10M65 is also possible. Basically transfer your money or your parents' monies into CPF early. Does not take a rocket scientist to teach you this. The objective of CPF is to save up for retirement, medical and property purchase. You want more, you just put more inside. But what is REALISTIC? There should not be videos about rich people using CPF to their advantage, there should be down-to-earth videos about what the regular guy can do to maintain a healthy balance. These videos are getting ridiculous and detracting from the main purpose of the CPF system.
I am going to totally closing in his video and cut off . BS
Nowadays minion is nthing la, hdb already minion dollars liao, nowadays is billion
You need to live a high live that millions is not enough
t bills = each person cam buy only 200k
200k is SSB lah
very good. but not amazing. I hit $1mil in CPF before 50yrs old, alone. Just regular guy
TBills , v gd compounder
should ask Patrick Teo what he thinks about the abolition of SA post 55 yo 😂
65 years got 4 million got use meh? See doctor and buy medicine?
Salary must be dame high ..i believe many out there already hit higher even ...haha
RS will disappear once you die ...not a generational wealth, yeah?
Whoever is the final beneficiary wins, not the accumulator.
Just think about those families with Dual Income and Single Child.
You get the message.
I think only the main sum will be distributed to the family, not the interest.
Looks like lessons have not been learnt after the painful SA closure saga (and SA shielding). If you are going to depend on the interests derived from cpf for the next 20-30 years, don’t continue to broadcast its merits unless you want to draw government attention and take adverse actions to nullify it.
Government can start to be creative for example:
have two or more tier interest rates such that your 2.5% OA account is for amount up to a limit (much like OCBC 360 high interest cap to $100k or UOB one account cap at $150k) and at the same time eliminate T bills availability to cpf funds.
And so on. Yes it may seem obvious but be very careful with what you say or print. Loose lips sink (cpf) ships.