CPF Board's Are You Ready? Instagram Contest

CPF Board started the Are You Ready? Initiative to get Singaporeans thinking about these important decisions in their lives. They are

-          Manage your cash flow;

-          Buy a house within your means;

-          Take charge of your healthcare costs; and

-          Secure your retirement.

The AYR concept revolves around using four simple checklists to measure your financial readiness. This year, CPF improved the checklists to include more resources.

In addition, CPF is running an Are You Ready? Instagram contest with an iPhone 5 and more than $2,000 shopping vouchers up for grabs.

It’s simple to join. Simply take photos of what best relates to ‘Cash Flow’, ‘Housing’, ‘Healthcare’ and ‘Retirement’, and tag them with your caption! The hashtags are

-           #AYRcash

-           #AYRhouse

-          #AYRhealth

-          #AYRretire  

Click here to go to the campaign

Another Contest with Prize Money

I was thinking of creating another contest similar to the Free $50 to Give Away contest that I held not too long ago.

Some initial thoughts would be to get people to invest with say an imaginary $10,000 using a buy and hold strategy (e.g. starting at the start of a certain month) and then see whose portfolio has grown the most by the end of the month. I think things like trading and stuff might be too complicated for me to monitor so perhaps it would be just a simple buy at the start of the month and then value it at the end of the month.

In this way, we can all get some ideas about each other's investment strategy and stuff.

Any suggestions?