There are a few ways to build up your
CPF amount, but flipping properties is NOT one of them. That's because when you sell your property, you are only required to return the amount you withdrew PLUS the accrued interest to your
CPF.
You get to keep any profits in excess of what you withdrew from your
CPF and the accrued interest.
Trading shares through your CPFIS account is however a valid way to build up your
CPF - ie if you can beat the
CPF interest (of 2.5% compounded yearly) trading shares on a consistent basis.
Anyway the poster did not claim to have traded in shares using the CPFIS. He said he started contributing to
CPF 10 years ago when he was 18!
He said he also topped up his SA and MA along the way. He may not fully understand the
CPF scheme. Lets leave it at that. Like I said in my earlier post, the
CPF is a unique savings scheme which sets a maximum amount that a person can put in each year. Once that limit is hit, you cannot top up your SA and MA any more even if you wanted to, and even if your SA and MA limits are still not reached!
There is nothing to gain for him to be bluffing here. Don't understand why would anyone want to bluff here. Does it feel good to boast non-existent wealth ??