Becoming a CPF Millionaire

I was recently interviewed for a Lianhe Zaobao article titled "400,000 CPF Members Have Savings of More Than $500,000."

About 100 of them are below the age of 36!

In this video, I will run through how you can maximize your CPF returns to better prepare you for retirement.

0:00 Why We Should Invest Our CPF OA
3:29 Setting Up CPF Investment Account
5:31 Platforms You Can Use
7:53 Investment Strategies: Growth or Income? Lumpsum or DCA?
10:05 How Do You Select Funds?
21:05 Conclusion

Setting Up Your Investing Platforms

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[lifepath]

the 1.5% expense ratio is extremely high. Is there an alternative workaround for investors who know exactly what to invest in for China stocks, using CPFIS at the lowest rates?

[SteadyCompounding]

I'm receiving a lot of questions on how to purchase the S&P500 only using Endowus. Check it out 👇

Instructions provided by Endowus:

1. Simply log in to your Endowus account via a desktop browser
2. Click on "Add goal" (located on the left sidebar)
3. Select “Fund Smart”.
4. Set Goal Name
5. Create your Fund Smart Portfolio
1. Select Goal Type: General Wealth Accumulation / Cash Management
2. Select Funding Source: CPF
3. Select your Loss Tolerance Assessment level
4. Select up to 8 Funds: Fund name - Infinity US 500 Stock Index Fund, Allocation - 100%
5. Enter initial investment amount
6. Accept the acknowledgement (if you agree with it)
7. Confirm by SMS (if you want to create the investment order now)
8. Your first investment order will be created immediately upon SMS confirmation

[chinmingneo]

Hi Thomas. You mentioned you are using Endowus to invest your CPF in S&P500. When I open an account with Endowus, am I allowed to choose just 1 fund (e.g. S&P 500 fund) to invest, or Endowus mandate that I choose a combination of > 1 fund?