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Can we grow our CPF to $1M by 50? We speak with special guest Loo Cheng Chuan, on how he hit $1M in his CPF with Endowus.
Watch the replay
- 00:00 – Introduction
- 04:34 – About 1M50E: $1 million in CPF by age 50 with Endowus
- 07:27 – Investing in S&P 500 with CPF monies
- 08:44 – Holistic wealth management across Cash, CPF, SRS
- 13:54 – Dollar-cost averaging (DCA) vs lump-sum investing vs buying in a crash
- 22:45 – Latest US$35 million fundraise from existing and new investors
- 28:12 – Where are markets headed next?
- 31:44 – Will there be a Nasdaq (US technology) fund available on Endowus?
- 33:53 – Amundi low-cost equity and fixed-income passive index funds for CPF investing
- 35:32 – I’m in my 60s now; how can I position my investment portfolio?
- 42:09 – What’s your view on fixed income investing now?
- 44:41 – Switching funds on the Endowus platform
- 48:21 – What’s your view on the China economy and market?
- 54:25 – What’s your view on Bitcoin and cryptocurrencies?
- 55:52 – How can I start investing? What if I’m in my 40s or 50s?
- 1:04:28 – Which is a better long-term investment, MSCI World Index or S&P 500?
- 1:07:00 – How to deploy your Cash and CPF in light of the macroeconomic environment
- Which S&P 500 fund should I pick for exposure to top US stocks?
- Lowest-cost global fixed-income passive index fund for CPFIS with Amundi
- Launch of the Amundi Prime USA Fund and Amundi Index MSCI World Fund for CPF
About the session
Love it or not, your CPF is here to stay. The mandatory savings scheme carves out a significant chunk of Singaporeans’ monthly salaries. Given this monthly savings routine, you may then ask:
Am I making the most out of my CPF, and will it be enough for my retirement?
Indeed, your CPF savings should be worked harder for all your retirement needs. It has been the mission of many Singaporeans to find the most effective way to grow this pool of their hard-earned money.
One such person is Loo Cheng Chuan, better known today as the “CPF millionaire”. Mr Loo is the founder of the 1M65 Movement — the movement to hit $1 million in your CPF by age 65 – a goal that he’s now surpassed, having hit $1 million at the age of 50.
He has since updated his ambitions to feature other goals like 4M65, 5M65 and now, 1M50E: $1 million in your CPF portfolio on Endowus.
To share more about his new milestone, we’ve invited special guest Mr Loo to speak with Samuel Rhee, Chairman and Chief Investment Officer of Endowus.
- How can you grow your CPF retirement nest egg with Endowus?
- How Mr Loo grew his CPF retirement funds to $1M
- Lump-sum vs. DCA - which wins in the long term?
- What should new investors do to get started on this journey?
There will be a Q&A segment at the end of the session. Submit your questions here.
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About the speakers
Samuel Rhee, Chairman and Chief Investment Officer, Endowus
Samuel Rhee is Chairman and Chief Investment Officer of Endowus, Asia’s leading digital wealth platform. He is the former CEO and CIO of Morgan Stanley Investment Management in Asia, with three decades of institutional investing experience in Singapore, Hong Kong, and London.
Today, Sam heads the Endowus Group Investment Office and ensures every client has greater access to holistic portfolios that are thoughtfully designed to meet their specific wealth goals. He is responsible for the company’s asset allocation and investment selection across all offerings, with a vision to provide individual investors with the same knowledge, resources, and products traditionally only made available to institutional investors, at a low, fair fee.
Against this backdrop, Sam passionately advocates for greater financial literacy, time-tested and evidence-based advice, lower costs, the industry elimination of hidden fees, and a corporate culture that puts the client’s needs first. Endowus solves the biggest problems of wealth and investing, and retirement adequacy, leading the firm to become the first and largest digital advisor for CPF investing in Singapore.
Loo Cheng Chuan
Loo Cheng Chuan founded the 1M65 Movement, where he has developed a financial strategy to get S$1 Million in your CPF by 65 years old. Loo wants to help Singaporeans grow their CPF and become millionaires by the time they retire. In 2018, Loo and his wife crossed the S$1 million mark in their CPF savings account at 45 years old, proving many 1M65 sceptics wrong. Loo and his 1M65 strategy have been featured in mainstream news and online media.
Through public speaking events and publishing content on the 1M65 Movement, Loo hopes to help Singaporeans become financially independent. He was one of the few non-civil servants to be awarded the Public Sector Transformation award in 2018 for his 1M65 efforts.
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