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Help needed to invest my CPF SA
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Galaxy65
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14-Jun-2006 16:26
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Incredible99, You're most welcome ! Do sign up for some of the free seminars or workshops ..... if you're interested to attend please let me know & I can drop you a note .... Meanwhile, happy trading/investing .... it's rather quiet ... frankly speaking ... nothing exciting right now except world cup matches !!!! I'm not betting on any country ... prefer to watch only. |
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Incredible99
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14-Jun-2006 16:20
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Thanks Galaxy65... I will wait awhile and let the weather clear up before venturing outdoor. Cheers |
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Galaxy65
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14-Jun-2006 10:44
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Incredible99, Take time to explore & look @ the market - I attended a seminar & presentation given by Henderson (Fund House) recently (about a week or two ago) and they're a bit cautious @ the global market right now because of uncertainties in US eg inflation, interest rates, global economy, market corrections ..... (is it the beginning of the "bear market" .... say say no some say temporary ...... ) etc etc So if you really want to invest your SA money .... there's no harm to wait & see until the "weather" clears up .... right now there's a lot of thunder & lightning .... do you want to venture outdoor .... unless you know the "weather" very well & has a "super good lightning conductor" .... otherwise stay indoor (leave your money with CPF SA for time being) & wait for the "weather" to clear .... a few weeks' or 1-2 mths' waiting is not going to do any harm ... My personal experience .... my Japan Fund (which I bought much earlier) was up 30% in Jan 06 before the Livedoor incident (in Japan) .... after the incident it dropped to @ 18-22% (profit) .... It took a while to recover .... somewhere mid or late Apr ... to go back to its 30% profit .... it took a dive again on the fateful MON 16 May ... now it's down to about 18% profit .... But no regrets, & I'm NOT jumping out 'cause I know what I'm doing .... I'm still making nett at least 12% .... In this particular case, the big picture for Japan is it's on the road to a "recovery". I know there're skeptics out there .... my belief + the Fund Mgrs' belief is that it's a real recovery this time .... Anyway ... for PLAN B, I will exit if the Fund drops to about 6-8% ... right now the big pic & fundamentals are still intact .... so unless there some big fundamental changes in global economy & Japan I will still be in ... |
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tanglinboy
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14-Jun-2006 08:36
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Yah! I agree with Galaxy65... actually if you look at the number of profitable funds out there, you'll find out that you're actually much better off buying an STI-linked fund rather than one of those managed by so-called fund manager experts. |
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Galaxy65
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14-Jun-2006 00:22
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Do be careful with buying unit trusts ..... check them out carefully b4 you buy .... It depends on your risk appetite, objective(s) and time horizon ... CPF SA is guaranteed @ 4% if you leave it there in your acct. So unless the UT can give you a much better (& higher) return every year, otherwise you are better off leaving it where it is. With regards to Schroder Asian Equity Yield Fund .... may I suggest that you do a bit more research into the fund to find out more @ :- (1) What the fund is invested into & its objective(s) ? (2) What is its performance & track record over the year(s) ? In other words, 1 yr, 3 yrs & 5 yrs performance records ? Any peer group that you can use to compare the fund performance ? Its peer ranking ? (3) Do you know much @ the fund manager(s) ? What is the fund size - too small may mean that it will incur higher mgt fees & expense ratio (should be less than 2%, the lesser the better). Other costs include sales charge, mgt fees etc (4) The top 10 holding companies that it is invested into (check the fact sheet - it usu. tells you this) ... For info you can not buy this fund using your CPF SA. It was launched last year 3 Jan 2005 & it performance was 4.59% over the 1 yr period ..... well, there may be other funds that are performing better ... so do consider carefully before you part with your hard-earned money. I know it's CPF money - still it's money that should spend wisely to buy something that can give you better returns .... |
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Incredible99
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13-Jun-2006 16:32
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Thanks for your all your input... CPF SA funds can be invested but the funds you can choose from are very limited as they must be balanced funds (equal share of bond and equity so the risk is lesser). Of course this would mean the returns are somewhat capped. 7% is not really that good as I would rather keep it in the CPF SA for 4%. I'm currently exploring a couple that has track record of 12% in the last 3 years. But then again historical returns is not a good benchmark for the future returns. |
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IreneL
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13-Jun-2006 16:14
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Hi Pardon my ignorance but I thought $$ in SA is not for investment? Personally I think some of the $50K can go into time-deposit (FD). Check out DBS/POSB, CitiBank and ABN-AMRO for their respective rates. The FEB's chairman may be upping interest rates so it pays to look out for his comments this June. If Incredible99 is looking at unit trust, try Schroder Asian Equity Yield Fund. It pays 2% dividend half-yearly. This 1st half its paying 4% though but deadline to purchase was 10 June. I was approached to buy last week, but declined as unit price then was $1.053. Its now $1.003/unit. With unit trust, you need patience though and you should be looking at the long haul like min. 2 years for any positive gain. The upside is that your $$ will be managed by professional fund managers. Hope this helps |
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prettylisa
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13-Jun-2006 15:58
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i agree with nickyng... I have never made much money from CPF funds ... :( fixed deposits better I think... |
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nickyng
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13-Jun-2006 15:30
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i suggest u better off keeping that $$ in CPF-SA at least guaranteed 4% irregardless.....hee... |
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cloud7
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13-Jun-2006 15:20
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Hi Incredible99, is 7 over percent consider good? |
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Incredible99
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13-Jun-2006 12:08
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Hi gurus out there, I want to invest 50K of my CPF SA in unit trust for better returns than the CPF rate. I know there are only certain funds SA can be used. Can someone recommend good ones? Which should I consider? Thanks |
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