Cpf special account

[sohguanh]

their expense ratio and annual management charges (not counting FSM platform fees yet) are around 1.25% to 1.51% each, won't that eat into the returns for 10 years annualised returns?

There is even a mother fund annual management charge , on top of the annual management charge ,for Eastspring which is ridiculous. If taking in the charges, Eastspring is technically negative returns on annualised returns over 10 years.

FSM does not charge platform fee for OA,SA investment. It charge for cash only. This is in contrast to Endowus which is why I don't use OA,SA to invest with Endowus.

For unit trust when the prices are displayed it already factored in all expenses. You know maths so of cuz dun invest in Eastspring using your SA correct? Which is why there are very few but greater than zero SA approved funds that can beat the 4% in a bull market. Let me emphasize again during a bull market.

 

[sohguanh]

I believe the Annual Management Charges is baked into the unit price. and then annualised returns would have taken that into account.

That is correct. But take note of this Annualized Returns. In FSM they usually provide a Offer to Bid and Bid to Bid. Usually Bid to Bid will give a higher number. Endowus I have cross checked is using this Bid to Bid number which is why it tend to show higher numbers. It is not wrong either.

As to what is the difference between Offer to Bid and Bid to Bid, I leave it to you to fish for the fish yourself.

 

[iceblendedchoc]

FSM does not charge platform fee for OA,SA investment. It charge for cash only. This is in contrast to Endowus which is why I don't use OA,SA to invest with Endowus.

For unit trust when the prices are displayed it already factored in all expenses. You know maths so of cuz dun invest in Eastspring using your SA correct? Which is why there are very few but greater than zero SA approved funds that can beat the 4% in a bull market. Let me emphasize again during a bull market.

wah like this need to time the market entry and exit precisely.

 

[sohguanh]

wah like this need to time the market entry and exit precisely.

Scared then just leave it inside SA guaranteed 4%. My earlier post was to inform there are SA approved funds that can beat that 4% becuz there seem to be a misconception among some readers in here don't invest SA outside. Under certain circumstances it can be done and better than 4%.

 

[hwmook]

That is correct. But take note of this Annualized Returns. In FSM they usually provide a Offer to Bid and Bid to Bid. Usually Bid to Bid will give a higher number. Endowus I have cross checked is using this Bid to Bid number which is why it tend to show higher numbers. It is not wrong either.

As to what is the difference between Offer to Bid and Bid to Bid, I leave it to you to fish for the fish yourself.

Offer to bid take into account normal sales charges but since you don't pay for OA/SA investment then there is no difference between the 2, just look at bid to bid for OA/SA investment.

 

[iceblendedchoc]

Scared then just leave it inside SA guaranteed 4%. My earlier post was to inform there are SA approved funds that can beat that 4% becuz there seem to be a misconception among some readers in here don't invest SA outside. Under certain circumstances it can be done and better than 4%.

will need to check on the sharpe ratio and other indicators to see whether to risk 4% then.

 

[reddevil0728]

will need to check on the sharpe ratio and other indicators to see whether to risk 4% then.

but it's historical after all... so need to factor that in

 

[blahblah4321]

Hi all,

I realize my parent have a RA account and a SA account is this normal or Should you only have RA if you are above 55? Or should have both RA and SA

If its normal to have a SA accounts above 55 , there is a like a few thousands in SA, should I move it to RA to earn more interest since its less then 20k.

 

[reddevil0728]

Hi all,

I realize my parent have a RA account and a SA account is this normal or Should you only have RA if you are above 55? Or should have both RA and SA

Both

If its normal to have a SA accounts above 55 , there is a like a few thousands in SA, should I move it to RA to earn more interest since its less then 20k.

I believe the SA amount you have can be withdrawn anytime.

Can treat it as a one way bank account, that yields 4.01%
RA doesn’t get you more interest

 

[blahblah4321]

Both

I believe the SA amount you have can be withdrawn anytime.

Can treat it as a one way bank account, that yields 4.5%
RA doesn’t get you more interest

If I can withdraw the SA amount anytime,so what happens if I transfer from his OA to SA means the money can also be withdrawn ?

 

[reddevil0728]

If I can withdraw the SA amount anytime,so what happens if I transfer from his OA to SA means the money can also be withdrawn ?

I don't believe you can transfer OA to SA.

And your OA can also be withdrawn.

 

[blahblah4321]

I don't believe you can transfer OA to SA.

And your OA can also be withdrawn.

Understood ! Tyvm

 

[blahblah4321]

I don't believe you can transfer OA to SA.

And your OA can also be withdrawn.

Hehe if they only hit brs in their RA , can this money still be withdrawn ? Or can it be transferred to their RA ?


So in a way if it can be withdrawn , I can withdraw and then top it up to their RA account ?

 

[reddevil0728]

Hehe if they only hit brs in their RA , can this money still be withdrawn ? Or can it be transferred to their RA ?

you can go to the option of trying to withdraw, and you see how much can be

So in a way if it can be withdrawn , I can withdraw and then top it up to their RA account ?

you withdraw and top up to get to get the tax relief. is that your intention?

 

[blahblah4321]

you can go to the option of trying to withdraw, and you see how much can be

you withdraw and top up to get to get the tax relief. is that your intention?

Nope , cause feel the money just sitting inside there doing nothing so was thinking how to manage it better.

We are quite stable in cash finances , therfore thinking of just topping it back up to their RA to earn interest or buy some bonds or tbills

 

[reddevil0728]

Nope , cause feel the money just sitting inside there doing nothing so was thinking how to manage it better.

for SA is sitting in there earning 4.01%
and OA is sitting in there earning 2.5%

not really doing nothing leh.

We are quite stable in cash finances , therfore thinking of just topping it back up to their RA to earn interest or buy some bonds or tbills

can do the t-bill with OA

 

[royalmix]

Hi all,

I realize my parent have a RA account and a SA account is this normal or Should you only have RA if you are above 55? Or should have both RA and SA

If its normal to have a SA accounts above 55 , there is a like a few thousands in SA, should I move it to RA to earn more interest since its less then 20k.

Hehe if they only hit brs in their RA , can this money still be withdrawn ? Or can it be transferred to their RA ?


So in a way if it can be withdrawn , I can withdraw and then top it up to their RA account ?

When managing your parents' CPF, always make sure you understand the CPF rules, DYODD (do your own due diligence) - never just listen or follow any single replies here!

First, how old are your parent? Why is RA at BRS - his/her choice because he/she "pawn" hdb flat to CPFB or because parent has insufficient funds at 55?

If not by choice, CPFB will do another sweep of the SA/OA funds to RA whenever they attempt to withdraw!

It is late, tomorrow then I explain more, or let another CPF expert help you. Dun take actions yet.

Dun listen to falsehoods!

 

[royalmix]

for SA is sitting in there earning 4.5%
and OA is sitting in there earning 2.5%

not really doing nothing leh.

can do the t-bill with OA

Stop spreading falsehoods! SA only 4.01% and OA only 2.5% for someone above 55! Cannot withdraw if RA not at FRS or BRS (with property pledge), except 5k

 

[reddevil0728]

Stop spreading falsehoods! SA only 4.01% and OA only 2.5% for someone above 55!

there's a difference between falsehood and forget...

i have corrected it.

 

[reddevil0728]

When managing your parents' CPF, always make sure you understand the CPF rules, DYODD (do your own due diligence) - never just listen or follow any single replies here!

First, how old are your parent? Why is RA at BRS - his/her choice because he/she "pawn" hdb flat to CPFB or because parent has insufficient funds at 55?

If not by choice, CPFB will do another sweep of the SA/OA funds to RA whenever they attempt to withdraw!

It is late, tomorrow then I explain more, or let another CPF expert help you. Dun take actions yet.

Dun listen to falsehoods!

totally agree that should DYODD.

but there's also a difference between falsehood and forget.