In 1955, the Singaporean government had started the Central Provident Fund (CPF) as an old-age savings scheme for employees. Throughout the years, the scheme evolved into a more expansive social security savings system which did not only provide for the retirement savings of the employees, but covered different aspects of living as well.
Today, the CPF scheme has four main functions: Retirement, Healthcare, Home Ownership, Family Protection and Asset Enhancement. It means employees are not only assured that they'll have money after retiring, but they can also obtain financial support when they get sick, buy their own house, or even invest their money to make it grow faster.
Invest Your CPF The Right Way
Investing does not guarantee you all the time that you'll earn money and lose nothing. It is quite tricky, and you have to be cautious in choosing where, when and how to invest. And while it can be risky, investing can multiply your money as long as you're knowledgeable about investment opportunities. There are various categories in CPF investment which include insurance, unit trusts, fixed deposits and shares, among others. In addition, you have a choice whether to use your Ordinary Account or Special Account balance to invest.
If you are serious about wealth management Singapore financial advisory firms are what you should seek. Financial advisors can give sound advice on where to invest and how to reduce the risk of losing all your hard-earned money. Through the help of a financial advisor, you can identify what type of investment you should go into. Aside from this, a financial advisor can help you handle other finance-related matters including insurance. So if you need guidance in insurance planning Singapore financial advisors can be of great help.
How To Find A Good Financial Advisor?
If you're a risk-taker, you probably wouldn't have reservations in terms of investing your CPF savings in another entity other than your account. However, you must not always be complacent when investing your money, especially without consulting a reliable financial advisor first. A financial advisor can help you decide on CPF investment including its risks and opportunities.
You can use the Internet to search for a trusted financial advisory company that can provide you with the right advisor for your CPF investment plan. Select someone who already has a long experience in finance and investment, but you also have to make sure that the financial advisor you prefer must have provided favorable results to their clients.
Today, the CPF scheme has four main functions: Retirement, Healthcare, Home Ownership, Family Protection and Asset Enhancement. It means employees are not only assured that they'll have money after retiring, but they can also obtain financial support when they get sick, buy their own house, or even invest their money to make it grow faster.
Invest Your CPF The Right Way
Investing does not guarantee you all the time that you'll earn money and lose nothing. It is quite tricky, and you have to be cautious in choosing where, when and how to invest. And while it can be risky, investing can multiply your money as long as you're knowledgeable about investment opportunities. There are various categories in CPF investment which include insurance, unit trusts, fixed deposits and shares, among others. In addition, you have a choice whether to use your Ordinary Account or Special Account balance to invest.
If you are serious about wealth management Singapore financial advisory firms are what you should seek. Financial advisors can give sound advice on where to invest and how to reduce the risk of losing all your hard-earned money. Through the help of a financial advisor, you can identify what type of investment you should go into. Aside from this, a financial advisor can help you handle other finance-related matters including insurance. So if you need guidance in insurance planning Singapore financial advisors can be of great help.
How To Find A Good Financial Advisor?
If you're a risk-taker, you probably wouldn't have reservations in terms of investing your CPF savings in another entity other than your account. However, you must not always be complacent when investing your money, especially without consulting a reliable financial advisor first. A financial advisor can help you decide on CPF investment including its risks and opportunities.
You can use the Internet to search for a trusted financial advisory company that can provide you with the right advisor for your CPF investment plan. Select someone who already has a long experience in finance and investment, but you also have to make sure that the financial advisor you prefer must have provided favorable results to their clients.
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