devan on Nostr: Does it make sense for me to use the compulsory provident fund to pay off my monthly ...
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.
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.