HOW DO I KEEP TABS ON MY INVESTMENTS?
If you’ve used your CPFIS-OA to invest, check the portfolio statement your agent bank or product provider should send you regularly. Just like investing in the stock market, it helps if the agent or broker you bought the product from is someone you trust and who looks out for your interests. He or she can advise you on the best time to buy or sell.
Operations manager Yan Tan, 36, admits that she is totally clueless. A trusted friend-cum-insurance agent advised her on some timely investments a decade ago and she made a whopping 25 per cent on her $50,000 investment when she cashed out three years later. “Till today, I don’t know what I invested in, exactly,” laughs Yan sheepishly.
Not everyone is as lucky as Yan. Ultimately, these are your retirement funds so make sure you keep up with the market’s ups and downs if you invest in more volatile products. Otherwise, stick to low-risk ones that will earn you low but steady returns.