CPF Top Up Oct 2020

There was a news article published few days ago that mentioned the plight of a man who invested his CPF money and lost 95% of it, leaving him pittance for retirement.

It's a sobering and real experience that I can imagine happening to those with less financial know-how. I especially agree with the article's statement that if one needs to use CPF for investment and not spare cash, then it means he's not prepared to weather the risks. I neither condone nor encourage the use of CPF for investment. But one has to look at the circumstances of the day and make a call on whether it's worth to punt your risk free interest rate of 4% (in Special Account). All CPF investments typically come with fees and opportunity costs with an expectation of beating the paid out rate.

In the current situation, I chose to let my full CPF run its course in a riskless environment and therefore added $3500 which further helps in my tax deduction next year.

Tip: Ginrei Gassan Secchu Junmai Ginjyo, stored in snow conditions for a year before release