Money Market Funds

Hi Fellow Automated Millionaires,

I met up with my trusted Financial Planner last night from 10 to 1130pm. After discussing with Anthony and Kae Tyan, I made several decision:

1. NOT to put my FFA into a Money Market Funds but also invest into Mutual Funds for better growth
2. Not to work on Bi-weekly Payment for Real Estate (as there is no such payment mode in Singapore)

Money Market Funds
I have researched Money Market Funds in Singapore are generally making a profit of 2-3% returns. Hence, minusing the initial sales charge of 2%, the nett profit is only 1% (taking the maximum returns of 3%) which is lesser than the e$aver of 1.5%. Hence, for all the trouble of setting up the Money Market Fund, it just doesn't add up. Hence, I decide NOT to put my FFA into Money Market Funds but invest into Mutual Funds until end of 2008 to buy Real Estates in 2009

Bi-weekly Payment
Sad to say that Bi-weekly payment according to Anthony Boon doesn't exist in Singapore. Hence, enough talk about it :( So it makes more sense to grow money in elsewhere rather than paying off the interest other than required.

Retirement Calculator
I have found out that CPF website has an incredible array of Calculators at http://mycpf.cpf.gov.sg/Members/Calculators/mbr-Calculators.htm. I am using it to determine what i need to do to achieve my Automated Millionaire Plan!

Disclaimer
The above information is wholy author's personal opinion. It does not intend to replace any professional advice. If legal advice or other professional advice, including financial, is required, the services of a competent professional person should be sought.