SINGAPORE: Singaporeans have a powerful tool to secure their financial future: the Central Provident Fund scheme., the CPF Investment Account allows you to invest your hard-earned funds in stocks and unit trusts, potentially accelerating the growth of your retirement nest egg.First on the list is Sheng Siong , a household name in Singapore’s supermarket scene.
Sheng Siong’s expansion plans are equally robust, with new stores opening and more in the pipeline. CEO Lim Hock Chee is confident about the company’s prospects, with HDB set to offer seven new store tenders in the second half of 2024.Grand Banks Yachts: Luxury on the Rise The group’s order book stands at a healthy S$120 million, and it’s expanding its manufacturing capabilities with new machinery and a larger facility in Pasir Gudang, Malaysia.Last but certainly not least is StarHub , a telecommunications giant that’s more than just a telco.
According to him, younger individuals with more years until retirement might be better served by index funds, which typically yield higher returns over extended periods.For those in Singapore who lack financial knowledge, according to him—and he thinks there are many—this is the best option available. It offers a fair interest rate, guarantees the principal, and involves no risk.