Dr Wealth : How you can increase CPF interest from 2.5% to 3.2% - Printable Version

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+--- Thread: Dr Wealth : How you can increase CPF interest from 2.5% to 3.2% (/Thread-Dr-Wealth-How-you-can-increase-CPF-interest-from-2-5-to-3-2)

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Dr Wealth : How you can increase CPF interest from 2.5% to 3.2% - sgbuffett - 25-09-2022

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RE: Dr Wealth : How you can increase CPF interest from 2.5% to 3.2% - starbugs - 25-09-2022

I was vaguely interested until the very last part, which is that you must visit a bank branch to do buy SGS. The time cost is not worth the extra 0.7%. Even with $100k, it's only an extra of $700 a year non-compounded. Hare-brained idea unless your time is cheap or you buy >10-year tenure.

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RE: Dr Wealth : How you can increase CPF interest from 2.5% to 3.2% - Napoleon Porlumpar - 25-09-2022

(25-09-2022, 07:50 PM)starbugs Wrote:  I was vaguely interested until the very last part, which is that you must visit a bank branch to do buy SGS. The time cost is not worth the extra 0.7%. Even with $100k, it's only an extra of $700 a year non-compounded. Hare-brained idea unless your time is cheap or you buy >10-year tenure.

so use CPF funds to go bank buy SGS.................what the heck is SGS ?

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RE: Dr Wealth : How you can increase CPF interest from 2.5% to 3.2% - sgbuffett - 25-09-2022

(25-09-2022, 09:46 PM)Napoleon Porlumpar Wrote:  so use CPF funds to go bank buy SGS.................what the heck is SGS ?

https://www.mas.gov.sg/bonds-and-bills/Singapore-Government-Bonds-Information-for-Individuals

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RE: Dr Wealth : How you can increase CPF interest from 2.5% to 3.2% - p1acebo - 26-09-2022

Nice titties

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RE: Dr Wealth : How you can increase CPF interest from 2.5% to 3.2% - p1acebo - 26-09-2022

(25-09-2022, 07:04 PM)sgbuffett Wrote:  

Just to note there is an additional $10 per counter costs if he needs to transfer the bond/stock  to CDP for whatever reasons

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RE: Dr Wealth : How you can increase CPF interest from 2.5% to 3.2% - p1acebo - 26-09-2022

(25-09-2022, 07:04 PM)sgbuffett Wrote:  

Interesting actually… for the more risk adverse.

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RE: Dr Wealth : How you can increase CPF interest from 2.5% to 3.2% - Napoleon Porlumpar - 03-10-2022

(25-09-2022, 11:29 PM)sgbuffett Wrote:  https://www.mas.gov.sg/bonds-and-bills/Singapore-Government-Bonds-Information-for-Individuals

thanks, bro..............but can use how much of Ordinary Account ?

also non-compounded, right ?

let's not forget the 1st 20K of OA get extra 1% interest, right ?................if so then like not worth the trouble lah............

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