Quote:
Originally Posted by Unregistered
Dudes, My wife and I are just over 50 years old and we each have over $900K in our CPF accounts (some in stocks and unit trusts) giving us savings of $1.9m through CPF alone! While its true that we both maxed out our contributions for the past 20 years and had a bit of success in the past investing CPF in stocks, most of it was just simply savings for the past 25 years since we started working.
Our combined SRS accounts are about $300K in value. We have been contributing since day 1 and have steadily invested in stocks since the scheme started. We're not agressive investors either.
So If you add our CPF and SRS, its around $2.2m already.... Even our combined CPF special account is around $280K. We have always tried to max out the special account since it earns 4%.
So everyone can be a millionaire through CPF and SRS
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even if u max out ur
cpf contributions for 25 yrs, u can never hit 900k, unless ur an investment guru which u said ur not.