If you are not in the loop, this is what gonna happens. Under the new rules, which will take effect on April 1, a CPF member will not be allowed to invest the first $20,000 of his CPF Ordinary and Special accounts savings under the CPF Investment Scheme (CPFIS). Money already invested through the CPFIS will not be affected. A member can still use Ordinary Account (OA) funds for housing, CPF insurance and education schemes.
Wendy and I went to DBS this afternoon to open our CPFIS account. CPFIS account is needed if you want to invest using your CPF money. We have decided to invest our CPF OA in unit trust before the amount gets locked in. With regards to which UT to purchase, we are still doing our due diligence. I am leaning towards the Infinity Index Fund by Lion Capital due to the low expense ratio and its an equity fund! I love equity.
Wendy and I went to DBS this afternoon to open our CPFIS account. CPFIS account is needed if you want to invest using your CPF money. We have decided to invest our CPF OA in unit trust before the amount gets locked in. With regards to which UT to purchase, we are still doing our due diligence. I am leaning towards the Infinity Index Fund by Lion Capital due to the low expense ratio and its an equity fund! I love equity.
What is Index fund? (Extracted from Wikipedia)I have already got Wendy to open her unit trust account at Fundsupermart, Singapore's No.1 Unit Trust Distributor. While I am handling most of our unit trust/shares investment, Wendy is in charge of our wine investment which she has more extensive knowledge than me. You can visit her blog at http://winelov3r.blogspot.com. (note: this is not a paid review :P)
An index fund or index tracker is a collective investment scheme (usually a mutual fund) that aims to replicate the movements of an index of a specific financial market, or a set of rules of ownership that are held constant, regardless of market conditions.
