Dont count on a single stock for retirement. CPF is the best place for retirement funds. I chose to try to retire at 40 after working for 10years because as a true blue Singaporean, SG is quite a cheap place to live in. Dont listen to rubbish saying SG is expensive. Throw all savings in and borrow to the max that you can manage and just throw into growth stocks. That is the retirement way. Dont be afraid.
Which Stock is Your Retirement Pick?
Some Tigers said: “I’m counting on OCBC for my retirement."
There are different choices for Singaporeans.
Bank-retirement camp: Holding bank stocks long-term = steady happiness.
REIT camp: Relying on cash flow for retirement feels more secure.
It’s really about that feeling of “getting paid every year”: CICT, MIT, FLCT, MLT.
These can also be bought with CPF or through Endowus, making long-term holding even easier.
CPF balances can be used to buy Singapore stocks.
Endowus helps with tax savings and gives access to a wider variety of funds!
So, which is your retirement stock?
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