Dear Mr Tan
Recently I invested part of my CPF fund with AVIVA. It pays 3.5% interest.
I am now thinking of investing all of my CPF funds with it. Is it all right to invest my major savings with a single financial institution? Is there a guideline?
REPLY:
It is generally a good idea to diversify your investments. You should spread you investments, so that the chance of any one failure will not cause you any serious financial distress.
The chance of failure of a highly rated insurance company or bank is very small. It is still a good idea to spread your total savings in two or three of these institutions.
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