Does it make sense for me to use the compulsory provident fund to pay off my monthly housing loan, rather than using my salary savings.
provident fund dividend rate = 6%.
less Housing loan ~5% interest rate + 4% fiat inflation = 9%
Net loss = -3%.
Based on this logic, it does seem to make sense, for me, to use provident fund's 'concierge' service to pay housing loan repayments directly, leaving salary to be saved into a hard savings store of value, bitcoin.
devan / Devan
npub129…r5lph
2023-02-16 11:38:39
Author Public Key
npub129x3q9zsava69zrud0sw8l79440jd6e0ta85kn4yqtj2fhzsm3vsyr5lphPublished at
2023-02-16 11:38:39Event JSON
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"pubkey": "514d101450eb3ba2887c6be0e3ffc5ad5f26eb2f5f4f4b4ea402e4a4dc50dc59",
"created_at": 1676547519,
"kind": 1,
"tags": [],
"content": "Does it make sense for me to use the compulsory provident fund to pay off my monthly housing loan, rather than using my salary savings.\n\nprovident fund dividend rate = 6%.\nless Housing loan ~5% interest rate + 4% fiat inflation = 9%\nNet loss = -3%.\n\nBased on this logic, it does seem to make sense, for me, to use provident fund's 'concierge' service to pay housing loan repayments directly, leaving salary to be saved into a hard savings store of value, bitcoin.",
"sig": "53ef3d4d9ef535fcab3e0495f00df943aa6dad3586aec0906819da6a5874c6735f09fc230ebd20d0980606b43f7ebdbc4188cd6acf6379f3c09ae1149ffce00d"
}