Not as good as last year Q1 result.
I have decided to keep the rock-solid blue chips (local banks, SIA, etc.) for my son as my entry price level was low (very good paper gain) and that's fine to just do nothing and enjoy big fat dividends while all the FD rate, T-bill rate are tumbling down.
Oh ya, I do have paper loss too. :) I can't be better than Warren Buffet, right?
My CPF balance shot up to S$620,000 because all my CPF OA monies in 6-months T-bills were refunded back to the CPF OA account. Age 45 this year, born in year 1980!
My CPF OA monies had gone through the OCBC CPF Time Deposit of 3.88% for 8 months tenure, 6-months T-bill of 3.95%, 3.85%, 3.7%, 3.54% and the last one 3.34%.
It is easy to project the CPF balance by putting the expected annual CPF contribution (37% of wage for age 55 and below, with CPF monthly salary ceiling of S$7,400 this year and S$8,000 next year onwards) into the Excel table.
It is interesting to find out I will reach S$1 million balance at the age of 50.
At the age of 55, I will have S$1.40 million in the CPF account.
By then, my expected FRS (at my age of 55) is S$300,800 and BHS is S$110,000.
Both figures were derived from the expected yearly increment of 3.5% and 4%.
The finance report is out. :)
Shinjuku - Karuizawa - Kusatsu - Lake Kawaguchiko - Shinjuku.
Happy new year, everyone!
As of January 1st, 2025, our CPF stood at:
S$1,140,637.35.
1.14M44 :)
4M65 on track!
Not as good as last year Q1 result. I have decided to keep the rock-solid blue chips (local banks, SIA, etc.) for my son as my entry price l...
