How to get 300+k interest?
Pls teach me senpai!
Sent from . using GAGT
Wa you really ....... What more you want me to show before you understand.
First sub-total is sources of 'income' or what were credited into the CPF accounts. My maths poor but not like that
The next sub-total is the various deductions against CPF accounts, followed by housing instalments paid net of refunds.
The last sub-total is various credits and debits to the CPF accounts
The grand total is the CPF balances as at (date).
The Investments is the net inflows i.e. inflows less outflows from CPFIA. In other word, this is part of the profit from investments returned to CPF. What's left in CPFIA (in the form of shares held) is the profit not yet transferred back to CPF.
Now clearer?
First, I never specify over 10 years. Second, why need to justify. Showing that the profit is in the account that made up the balance at the end not good enough?
May be you fail to understand because the movements in your CPF accounts are simple and you can't figure out what going on with mine
Pic showed 185k as net inflows from investments i.e. what you returned to cpf is more than what you took out That's the profit. But if it's negative, it means CPF fund has gone out for investments, and in such case, then one would need more info to know whether it is profit or loss on investments. Example if there is net outflow from CPF to CPFIA of say $10k but the CPFIA shows market value of $15k, then there is unrealised gain of $5k plus whatever cash balance in CPFIA. But if the market value is only $8k, then on disposal only $8k would return to CPF against $10k taken out.
Okay.
Xxxx
without taking into account that there is mandatory contribution from work.
Means what?
Myself sometimes also wonder how come cpf interest is 361k and profit from cpf shares is 301k and yet cpf oa is 294k only at end of 2017
if 5% returns need more than 7m capital to achieve
