Do you want CPFIS to be taken out of your rights ?

I recently read a post in Yahoo regarding a Singaporean complaining to CPF board about his lost of SGD$350,000 in stock market using his CPF-OA funds. My immediate reaction to this piece of news is suprise and an equally irk feeling arose inside me. I felt that this particular person is like a child wimping to his mother when he soiled his diapers. This particular complain is simply an act of irresponsibility unless you are just a child.

Just in case if you are reading this article and do not understand what is CPFIS , it simply means CPF investment scheme. Singaporeans are able to use our ordinary account to invest a maximum of 35% into SG stock market, 100% into Unit trust market. However, SG government has since impose a regulation last year to have a minimum of $20000 before Singaporeans can invest the excess inside the account.

With this in mind, that Singaporean could possibly have minimum SGD$1million inside that account of his before he decided to invest SGD $350,000 into the stock market.

My take is that whichever investment we take, it include risk. We place our money in Minibonds which is suppose to be 'safe' , we place our trust in paying SGD $30 000 into our 3 years University education , just to name a few. I think taking responsibility into our act is particularly important . Although when we lose our investment we will feel sour about it, we should try to learn from this experience and get the best out the lesson.

"to a better financial future"