Q: I have been listening to your program at Radio 100.3 and there are some investment issue that I would like to consult you.
I have a $60,000 Fixed Deposit about to due soon and another $40,000 cash available.
I would like grow this money but do not know how to go about doing it.
If I hope to get a 5%-7% p.a. return. Is that possible?
What is the best investment option?

A:  Please refer to these resources

Radio 100.3 Podcast – Idiot’s investment plan  Podcast 1 Podcast 2

Every Singaporean should be a millionaire when they retire?

Start work at 21 Salary $1,100

Monthly CPF contribution $396

Salary increase at 2% per annum

5% return = $1,001,290 at age 65