How to invest if you are broke

In ETFs, Financial competency on 29/03/2012 at 6:35 am

Something to think abt

  1. The “forced saving” reason is why I like the CPF concept. However my sore points about the current system are i) its too much of one’s gross pay (over 1/3 up till the $5k limit!), ii) the rate of return is abysmally low for long-term investors and iii) no easy/low-cost way to regularly invest CPF funds (sure you can do RSP into a unit trust – but the trust has high upfront and mgmt fees). The use of CPF for housing also muddies the waters – CPF should be for retirement savings only.

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