Yesterday, I saw this news on Channel News Asia.
DPM and Finance Minister Tharman Shanmugaratnam in a written reply to parliament stated that about 45 per cent of CPF members who used their Ordinary Account savings to make investments from 1 October 2010 to 30 September 2011 suffered losses.
Just imagine, between two persons who used their CPF ordinary accounts to invest during 2011, one person made loss. Investing on your own is tough and making losses is real possibility.
It will be wise not to touch CPF ordinary account balance for investment on your own. The interest rate on this balance earns 2.5 per cent interest per year. This is better than interest rates of most bank deposits.
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