You are here

CPF and the annoying thing about compounding

Compounded interest seems like a pipe dream because its effects only show in the final years, says CAI HAOXIANG

BT_20140616_HXCOMPOUND16_1132824.jpg
Doing the math: Currently, just about half of Singaporeans meet the minimum sum to qualify them for the maximum lifelong annuity payout called CPF Life. The minimum sum is now at $155,000. - THE STRAITS TIMES FILE PHOTO

COMPOUNDING interest will make you rich, they tell you. A cornerstone argument of personal finance and wealth managers, compounding interest - that is, money snowballing into Warren Buffett-like billions - is a seemingly unassailable argument for the need to save, and start early, and to invest

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom