CPF Special A/C
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I've read about all these funds which never made money as promised. In fact, their clients are losing money every year.
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What is the max amount in SA? I understands when I reach 55, OA and SA will merge.
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not true la, i made a pile in Regional Equity fund. bought at abt 1.8, sell at abt 3.4Originally posted by fugue in C minor:I've read about all these funds which never made money as promised. In fact, their clients are losing money every year. -
$3.40 - $1.80 = $1.60Originally posted by Ah Cek:not true la, i made a pile in Regional Equity fund. bought at abt 1.8, sell at abt 3.4
You only made $1.60 and you call that a pile? My, you're sure a contented person!
So, what did you buy to reward yourself? Ice-cream cone?
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Regional Equity has been one of the top performing funds in AIA.Originally posted by fugue in C minor:$3.40 - $1.80 = $1.60
You only made $1.60 and you call that a pile? My, you're sure a contented person!
So, what did you buy to reward yourself? Ice-cream cone?
Assuming that Ah Cek has placed $50,000 and the figures he has given are offer and bid prices respectively.
$50,000 / $1.80 (offer price) = 27,777 units
27,777 units X $3.40 (bid price) = $$94,442.
Nobody invests money to earn $1.60 -
pls forgive him...Originally posted by Rock^Star:Regional Equity has been one of the top performing funds in AIA.
Assuming that Ah Cek has placed $50,000 and the figures he has given are offer and bid prices respectively.
$50,000 / $1.80 (offer price) = 27,777 units
27,777 units X $3.40 (bid price) = $$94,442.
Nobody invests money to earn $1.60 -
$94,442 still not enough to buy the $688,888 9-eyed dzi:Originally posted by Rock^Star:Regional Equity has been one of the top performing funds in AIA.
Assuming that Ah Cek has placed $50,000 and the figures he has given are offer and bid prices respectively.
$50,000 / $1.80 (offer price) = 27,777 units
27,777 units X $3.40 (bid price) = $$94,442.
Nobody invests money to earn $1.60 
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(Really bursts out in laughter)
Sorry fugue, no offence. -
You know of any investment that can earn me $700,000 in return?Originally posted by Rock^Star:(Really bursts out in laughter)
Sorry fugue, no offence. -
Bangalore properties...Originally posted by fugue in C minor:You know of any investment that can earn me $700,000 in return? -
A new account called the retirement account is created on reaching 55.Originally posted by Manager433:What is the max amount in SA? I understands when I reach 55, OA and SA will merge.
One of the important decisions that you need to make when you turn 55 is whether you wish to withdraw your CPF savings totally, partially or postpone your withdrawal to a later date.
When you reach 55, you have 2 options:
1. Withdraw a lump sum savings from your Ordinary Account (OA) and/or Special Account (SA) after setting aside the Minimum Sum in your Retirement Account.
The Retirement Account is for your old age needs. Manage the CPF money withdrawn carefully as it is your old-age savings which will see you through the next 20 years or more.
2. Postpone your withdrawal until a later date if you can be financially independent and if you are still working.
You can continue to build a larger nest egg, at the same time earn the interest of 2.5% in OA and 4% in SA .
You can check this link here for more information
http://www.cpf.gov.sg/cpf_trans/ssl/financial_model/wdl_assumption.asp?prof= -
zhun bor...Originally posted by shade343:Bangalore properties...
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Investment always involve some risks. If you can't take the risk, then don't invest.
Now the fund's price is pretty low due to some market adjustments for the last few months. So, it may be a good time to go for stock or fund investment.
There are some other investments that guaranteed the principal amount. You may consider that too if you are not high risk taker. The return could be as high as 30% per annum. At least, that is what my friend got it lar.