Should I put $$ into children SA?
Part 2: Should I put money in my children SA?
On far longer horizon, 50-years!!
Effective very long-term compounded SA interest rate is 12%.
(1×(1.04^(50)−1)÷50×100 = 12%!!
I wouldn't say risk-free for no one can predict the CPF future in next 50-years !!!
In other words,
$1 ---> $12 (after 50-years)
$100,000 ---> $1,200,000 (after 50-years)!!
~~~
Critics may ask if CPF would still be around?
I will reply if CPF would be around to pay us 4% p.a. for next 20-years?
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