Are you ready to make your CPF ordinary account (OA) work harder for you? While the 2.5% interest it offers is a great start, it may not be enough to keep up with inflation. Fear not, as the CPF OA allows you to venture into the CPF Investment Account (IA) realm, where the possibilities of investing in stocks and growing your wealth are endless.
But where do you begin this investment journey? If you’re considering blue-chip stocks for your CPF IA watchlist, look no further. Here are three top picks that could potentially boost your portfolio:
-
DBS Group Holdings (SGX: D05):
Singapore’s largest bank, DBS Group, spans a wide array of banking services catering to individuals and corporations alike. Since CEO Piyush Gupta assumed leadership in 2009, the bank has seen consistent growth in both revenue and net profit. The recent first-half results of 2024 show a promising increase in total income to S$11 billion, up 11% year on year. Net profit also climbed from S$5.2 billion to S$5.74 billion in 1H’24. With a solid performance record and a strong leadership team, DBS Group Holdings could be a valuable addition to your CPF IA portfolio. -
Singtel (SGX: Z74):
Singtel is a leading communications technology group in Asia, providing a comprehensive range of services. Despite facing challenges in recent years, the company has managed to adapt and innovate to stay relevant in the rapidly changing telecommunications sector. Singtel’s diversified portfolio, including its digital and cloud services, positions it well for future growth opportunities. Keep an eye on Singtel as a potential candidate for your CPF IA watchlist. - Keppel Corporation (SGX: BN4):
Keppel Corporation is a multinational conglomerate with a strong presence in offshore and marine engineering, property, and infrastructure sectors. The company’s diverse business interests, combined with its global reach, make it a resilient player in the market. With a history of delivering innovative solutions and sustainable projects, Keppel Corporation is well-positioned to capture growth opportunities in various industries. Consider adding Keppel Corporation to your CPF IA watchlist for a potentially rewarding investment journey.
In conclusion, harnessing the power of your CPF Investment Account (IA) can unlock a world of opportunities to grow your wealth. By carefully selecting blue-chip stocks like DBS Group Holdings, Singtel, and Keppel Corporation for your CPF IA watchlist, you can set yourself on a path towards financial growth and security. Stay informed, diversify your portfolio, and make strategic investment decisions to maximize the potential of your CPF IA investments. Start building your investment portfolio today and pave the way for a brighter financial future.
