U shouldn't be put off by just 1 failure. Diversification is important. If you have had invested 30k each in 10 companies, it is hard to be down to only 30k remaining unless you invested into those small cap, risky China companies. 
cpf Special account shielding
- Thread starter chopra
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ocs_woodlands
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wow, you play big...
my biggest ever single counter bet was about $120k and that was after continuous averaging down for about 10 months. was losing $60k at one point but thankfully it rebounded spectacularly last August...
but $270k is a big amount, at least to me.
I was waiting for you to respond to my post below, maybe teach u how to hack, offer gone liao since no sound
kelhot2001
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I was waiting for you to respond to my post below, maybe teach u how to hack, offer gone liao since no sound
You always swee swee one, lol. pm u, u no reply
ok first time I read, it was past "thinking time", so my brain cannot work cos it is very complicated. Now I read again, also cannot think cos it is complicated
kelhot2001
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Was stupid/gullible/idiotic/greedy are the few words I could describe myself then. Then, there is no free lunch in this world, greed took over, blind myself for the returns. LOL, now look forward for other opportunities
jia yu, that's positive thinking, keep it up!
kelhot2001
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Jia qian is better than Jia you. I am pretty optimistic one(which sometime can be bad, example< I always feel MBS is just keeping my money there temporary, someday , I am goin there to take it back LOL)
Anyway, back to SA shielding, with or without,I am more keen to leave my fund into SA, either via VC from 55 - 65, and keep the rest in OA lor. But definitely not in RA (my thinking as of now)
I might change my mind to do ERS maybe 10 years later , cos mindset might be different as today. (Ask Romeo88, was that waht he thought when he was 44 lol) .Mindset change along with age
I also change my thinking compared to more than 5 years ago, as I discover more and more about the CPF internals
Jia qian, cai yuan guang jin!
I give you 2 thumbs up for this - positive thinking to infinity. Just need to make sure the day is well before you kick or MBS flipped.
No, to ERS has never changed for me all these years. Any instrument that can guarantee me 4% return is just too good to pass. Without looking in-depth, like many, I used to think LIFE will take care of everything until recent realisation.
I was gunning for Standard plan and now that I realised that's money thrown in for the house and for others who live a long-life, that's when I had to relook at my strategy. Now that I know it's only the compounding interests of the Basic LIFE premium that I lose, the ERS (with top-ups) and Basic plan strategy is not that bad. But this realisation takes a lot of time and effort to fact-find (honestly, it's worth it rather than to make another mistake by only realising it 10 years from now).
Again, I will not live beyond 90 and if I somehow did, I'll kill myself first. Seriously, think of quality of life and when you're old and sick, do you still need that much money? Besides, I've other asset bucket to draw from.
Just need to make sure the day is well before you kick or MBS flipped.No, to ERS has never changed for me all these years. Any instrument that can guarantee me 4% return is just too good to pass. Without looking in-depth, like many, I used to think LIFE will take care of everything until recent realisation.
I was gunning for Standard plan and now that I realised that's money thrown in for the house and for others who live a long-life, that's when I had to relook at my strategy. Now that I know it's only the compounding interests of the Basic LIFE premium that I lose, the ERS (with top-ups) and Basic plan strategy is not that bad. But this realisation takes a lot of time and effort to fact-find (honestly, it's worth it rather than to make another mistake by only realising it 10 years from now).
Again, I will not live beyond 90 and if I somehow did, I'll kill myself first. Seriously, think of quality of life and when you're old and sick, do you still need that much money? Besides, I've other asset bucket to draw from.
kelhot2001
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wow sama sama
Huh, I thought both of you are on Basic withdrawal plan, which mean you would strive to live to 95-96.........
I think should be strive to live as long as possible but if unfortunately fall short don't lose so much if on LIF Basic?
Sent from Xiaomi MI A2 using GAGT
Wah after so much discussions, both of u still dun understand how to choose
Choose Escalating Plan if u think u got long live and will strive to live as long as possible (with all the sian tan
) on mthly payout that grows bigger and bigger the older u get, the longer u live and profit from the CPF Life risk pool!I choose Basic Plan because I dun think/want to live a long live, so die early to get a bigger refund from CPF Life! Losing is a no choice but can manage so dun lose so much
kelhot2001
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Wah after so much discussions, both of u still dun understand how to choose
Choose Escalating Plan if u think u got long live and will strive to live as long as possible (with all the sian tan
I choose Basic Plan because I dun think/want to live a long live, so die early to get a bigger refund from CPF Life! Losing is a no choice but can manage so dun lose so much
LOL, I taking my time to choose I still have about 201480 hours before I need to made a decision. As of today, my estimate lifespan still stand at 315360 hours
Don't go to MBS, you may live beyond 78. There is nothing much a person can do about CPF except to choose which plan.
kelhot2001
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Well hard to say .... I met quite Number of old aunties and uncles that are over 80s, the most memorable is one 80 plus aunty who is a regular and smoke and curse at the dealer, best of all she alway play abt 24 hrs.
At least you still have more than 12yrs to pump more money into SA and then do SA shielding. All I can do now is VC into 3 accounts.
kelhot2001
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Presume that you have 3 more years to 65........ then enjoy life already right?
More than 3 yrs to 65 and I will continue to work as long as income is still good.
My income is from overseas and that is why I VC into CPF as a form of forced saving.
What to do after retires? Go "bird" watching at Orchard Road to keep my mind alert?
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