Closing My CPFIS Account: Another Milestone
Hi! Good day, everyone. I’ve hit another milestone in my financial journey, and I’m thrilled to share that I’ve officially closed my CPF Investment Scheme (CPFIS) account . ( Also means Uncle reached 55 years old liao 😊 . Turning 55 feels like crossing a major finish line, and it’s a milestone that comes with reflection. After years of navigating the stock market with my CPF Ordinary Account (OA) funds, I’ve walked away with a tidy 11.2% return. That’s a solid win, especially when you stack it against the CPF OA’s guaranteed 2.5% interest rate. I’m not here to brag, though, but more to reflect on what this means and why I’m cautiously waving the flag for others thinking about diving into the market with their CPF savings. A Win, But Not Without Caveats Let’s get one thing straight: beating the CPF OA’s 2.5% interest rate feels great, but it’s not a walk in the park. That 2.5% is a risk-free return , a cosy safety net that grows y...
