I'm not pro government but I think some things they have done should be appreciated. SGD is pretty strong and needy families are well taken care of with NTUC and CDC vouchers to combat inflation =)
Lol why would you want to stop ppl using CPF OA to invest in T-Bills. If the issue is bc it is oversubscribed, then you should be asking why aren't the three local banks offering any decent alternative when the risk free rate is 4% and the best OCBC can do is 3.4%?
@@joshconsultancy If theres a demand why should the supply be witheld? Both in terms of short term cash and cpf because both do not meet the risk free rate.
@@ethangs8471 That was exactly my point..OCBC is offering FD for CPF funds only at 3.x% while the risk free rate is 4.x%. Either way, why would you want to let the three local banks generate alpha on your CPF savings if you can alr get better yields on your own with Gov Bonds.?
Hey Josh, thanks for the great insights. What’s ur thoughts on 2 rooms Hdb for single in resale market? Is it a good fair choice? Everyone is talking 3 rooms and above. Thanks,😊
Josh, I started investing into the Syfe China portfolio recently. Is it subjected to any withholding taxes on dividends and multiple rounds of currency exchange (e.g. SGD - USD - RMB)? It seems to follow US trading hours but I thought China trades during Spore hours.
@@joshconsultancy Syfe: "MSCI China is domiciled in US. Investors will incur 30% dividend withholding tax for US holdings. Dividend yield for MSCI China is also minimal, averaging 1+% per annum so its not substantial"
Syfe: "Funds conversion wise, its not RMB as the exchange is HKD, so there is a FX component from SGD to USD and then to HKD, but its a non issue as HKD is pegged to USD. So your FX exposure is really SGD to USD only."
Thank you for your video. Great insights as always. I am 58 and have 40K in OA, 60Ki n SA and met my basic retirement sum. Do you know whether how much of OA I can use for OCBC CPF Fixed deposit without touching my SA?
It gets you S&P500. Im bearish on tech and prefer STI for now. But i could be wrong. =) Topic on cash or cpf really depends and actually not be that big of a difference. The focus instead should be the strategy and time horizon...
Josh, wanted to clarify on what you mentioned that you could only invest 35% of OA after putting aside $20k. I just checked my cpf app and it didnt require this 35% limit....
Hi Josh, Would like to ask for your opinion on putting money into MA or SA? There has been suggestions to max out the MA account first so that money would be diverted into SA and OA during CPF contribution with the interest earn. However others have advised me against it as SA is a better option due to better rates and MA will be locked unless there is a medical emergency.
Both pay 4%. it depends which u like more, hard to say one better than other. MA confirm will use coz insurance premiums are there. If youre near 55, then SA may potentially become liquid if you have FRS
I'm 55 this year, and did CPF shielding instead, to lock more money inside CPF accounts to earn stable interests. So will the people close to me. Old liao; don't want the hassle & risk of investing CPF funds somewhere else, despite higher returns.
I've the the same as you Ronald. But I might take out all shielded SA should the opportunity arise to buy long dated Temasek bonds with higher than 4% yield. In my opinion, its just as safe being AAA rated. You might consider this option. Every bit helps I suppose, when planning for retirement
Good video as always. Especially at a time when inflation is heightened and Spore is AGAIN the most expensive city in the world! What an honour!!
I'm not pro government but I think some things they have done should be appreciated. SGD is pretty strong and needy families are well taken care of with NTUC and CDC vouchers to combat inflation =)
CPF OA FD. Done! Extra $3K in a year. Not bad.
I am concerned about the loss of CPF compound interest for OA for the FD for that 1 year ...
@@cazpk6840 lose 2.5% gain 3.4%
Really responded to my request😄😘😘Thank you very much, Josh😘😘... I am a PR, that's why, i Need your guidance.
No probs. Happy to be of help =)
Last fri , both my wife n i placed $50K OA each with ocbc FD 3.4%. Need 2 standby some OA when USA kena recession next yr !
yes =)
Lol why would you want to stop ppl using CPF OA to invest in T-Bills. If the issue is bc it is oversubscribed, then you should be asking why aren't the three local banks offering any decent alternative when the risk free rate is 4% and the best OCBC can do is 3.4%?
At least it drains CPF liquidity...maybe that will incentivise better due diligence.
Let it be for cash only so that those parking short term needs match the product for the need?
@@joshconsultancy If theres a demand why should the supply be witheld? Both in terms of short term cash and cpf because both do not meet the risk free rate.
@@ethangs8471 That was exactly my point..OCBC is offering FD for CPF funds only at 3.x% while the risk free rate is 4.x%. Either way, why would you want to let the three local banks generate alpha on your CPF savings if you can alr get better yields on your own with Gov Bonds.?
Hey Josh, thanks for the great insights. What’s ur thoughts on 2 rooms Hdb for single in resale market? Is it a good fair choice? Everyone is talking 3 rooms and above. Thanks,😊
No probs =) . For 2room flats, some are in HDB rental scheme. The environment is abit different to put it politely.
Maybank offer fixed deposit interest rate at 5%per annum
For CPF funds? think its cash only... but still resist and invest into markets
Josh, I started investing into the Syfe China portfolio recently. Is it subjected to any withholding taxes on dividends and multiple rounds of currency exchange (e.g. SGD - USD - RMB)? It seems to follow US trading hours but I thought China trades during Spore hours.
The underlying etfs are US listed ones do note
@@joshconsultancy Syfe: "MSCI China is domiciled in US. Investors will incur 30% dividend withholding tax for US holdings. Dividend yield for MSCI China is also minimal, averaging 1+% per annum so its not substantial"
Syfe: "Funds conversion wise, its not RMB as the exchange is HKD, so there is a FX component from SGD to USD and then to HKD, but its a non issue as HKD is pegged to USD. So your FX exposure is really SGD to USD only."
Thank you for your video. Great insights as always. I am 58 and have 40K in OA, 60Ki n SA and met my basic retirement sum. Do you know whether how much of OA I can use for OCBC CPF Fixed deposit without touching my SA?
I assume can touch all. But safer to double check w OCBC k =)
Can u do a review of Infinity US S&P 500 Stock Index Fund ? Should we invest our cpf or cash?
It gets you S&P500. Im bearish on tech and prefer STI for now. But i could be wrong. =)
Topic on cash or cpf really depends and actually not be that big of a difference. The focus instead should be the strategy and time horizon...
Josh, wanted to clarify on what you mentioned that you could only invest 35% of OA after putting aside $20k. I just checked my cpf app and it didnt require this 35% limit....
Stocks and ETF need. Funds no need. It will be under professionally managed products which is full amount after 20k
Why no mentioned on cpfoa investing on roboadviser like moneyowl?
Coz they are my friendly competitor??? But one I hold in high esteem =)
does the returns go back to OA?
yes of course
Why can OCBC take out yr OA but you cannot?
it is invested w them. Not drawn out as cash...
What about buying 10 - 20 years SGS bonds?
Agree. I should add that in as #8
Question, can transfer OA to MA (medisave)?
Cannot transfer to MA
Hi Josh, Would like to ask for your opinion on putting money into MA or SA? There has been suggestions to max out the MA account first so that money would be diverted into SA and OA during CPF contribution with the interest earn. However others have advised me against it as SA is a better option due to better rates and MA will be locked unless there is a medical emergency.
Both pay 4%. it depends which u like more, hard to say one better than other. MA confirm will use coz insurance premiums are there. If youre near 55, then SA may potentially become liquid if you have FRS
Exodus of fund from CPF - Last of baby boomers have already cross age 55 with CPF OA/SA open for withdrawal after settle aside FRS
Oh? Thanks for sharing. In your circle of friends you see it abit? ^
I'm 55 this year, and did CPF shielding instead, to lock more money inside CPF accounts to earn stable interests. So will the people close to me. Old liao; don't want the hassle & risk of investing CPF funds somewhere else, despite higher returns.
I've the the same as you Ronald. But I might take out all shielded SA should the opportunity arise to buy long dated Temasek bonds with higher than 4% yield. In my opinion, its just as safe being AAA rated. You might consider this option. Every bit helps I suppose, when planning for retirement
Buy Infinity US S&P 500 Stock Index Fund via Endowus .. I am already up 5%++ since investing in June