If Patrick would have plowed his extra money into equity instead of refunding back to his CPF OA, though not getting 4M65 in CPF, he could have 10M65 in his equity portfolio. Again, to each his own. His strong financial status allows him to be very conservative and yet achieving financial independence. I applauded his achievement. Kudos!
Let’s be honest we don’t know how much is their income , and how much they top up their cpf ? If they are earning a decent income, definitely not much effort is needed. If they top up regularly might just have more than 4m.
I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Natalie Rose Strayer.
I'm surprised that you just mentioned Natalie Strayer here also Didn’t know she has been good to so many people too this is wonderful, i'm in my fifth trade with her and it has been super.
Natalie Strayer has really set the standard for others to follow, we love her here in Canada 🇨🇦 as she has been really helpful and changed lots of life's
3:37 I thought you were going to show us the figures of how they accumulated the CPF over the their past 40 years every year to hit 3.75 mil now, to show that it's possible.
The closure of SA changes everything unfortunately...better to start investing OA into Endowus early...then yeah, 1M65 or even higher is definitely possible with a longer runway...
@@1m65 It does....post 55, SA can have an infinite amount compounding at 4%....but that is gone now....have to settle for miserable 3% plus minus for T-Bills (if lucky, since alot of ppl tend to low-ball when they bid)...for RA post 55, max is ERS of that year...but imo, it is ill-advised to put too much into CPF RA also cos the interest is pooled...better to diversify outside of CPF
Is a great achievement, but why put such a big amount in cpf but not fully utilize to max out the potential? Imagine someone put 4m in malaysia epf 20y back with 1:2 exchange and now 1:3.5 ….. inflation is cash natural enermy
65 years old achieve 4million. So old already and so much money. Start spend, spend, else not much time left. CPF is slow. Property is faster! Many achieve more than 4million before 65years old.
Even if this value is real, we dont know how they get their capital into CPF. Cause if put into T-bill, its not possible to triple or quadruple the capital until $4m. Something is not exactly explained to reach 1m, 1m to 2m, 2m to 4m.
He used his OA to buy investment properties in his younger years, then sold them after their appreciation in order to refund to his OA in retirement. Essentially he invested his OA.
If you have money to TOP-UP, 10M65 is also possible. Basically transfer your money or your parents' monies into CPF early. Does not take a rocket scientist to teach you this. The objective of CPF is to save up for retirement, medical and property purchase. You want more, you just put more inside. But what is REALISTIC? There should not be videos about rich people using CPF to their advantage, there should be down-to-earth videos about what the regular guy can do to maintain a healthy balance. These videos are getting ridiculous and detracting from the main purpose of the CPF system.
@@stiwrc2002 The total CPF contributions (both employee and employer contributions) for both ordinary wage and additional wage are capped at 37740 per year for each job. Anyway he invested his OA in property instead of relying on just monthly contributions.
Looks like lessons have not been learnt after the painful SA closure saga (and SA shielding). If you are going to depend on the interests derived from cpf for the next 20-30 years, don’t continue to broadcast its merits unless you want to draw government attention and take adverse actions to nullify it. Government can start to be creative for example: have two or more tier interest rates such that your 2.5% OA account is for amount up to a limit (much like OCBC 360 high interest cap to $100k or UOB one account cap at $150k) and at the same time eliminate T bills availability to cpf funds. And so on. Yes it may seem obvious but be very careful with what you say or print. Loose lips sink (cpf) ships.
