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21-04-2013, 03:22 PM
(This post was last modified: 21-04-2013, 03:37 PM by Temperament.)
(21-04-2013, 02:49 PM)freedom Wrote:Wait a minute!(21-04-2013, 02:33 PM)Jared Seah Wrote: Woah!What I am talking about is a general social system. Surely invidual cases such as if my own parents ask me for money, no matter how I will give.
Mr Freedom,
1) What purpose would it serve to cut CPF interest rate to 0.5%? Scratching my head...
2) Do you talk like that to your parents at home? You paying for their retirement?
Drink water remember the source,
Jared Seah
What I am talking about is a different matter. It has nothing to do with respects but fairness. Society in general is fair. No younger generation should pay for mistakes of earlier generation. So now the long term interest rate is low that the retirees don't have enough. To complain is not the solution.
As for the other question. It is difficult for cpf to maintain higher interest rate if it can't obtain that kind of return. It only means someone is subsidizing. Sure, it is not the government as it does not does make money. The only logical one would be the working class.
Please check what our next door neighbour (Malaysia) EPF's interest rate is paying all these years. And why CPF return can't be more like EPF ? Isn't Papies claim GIC & Tamasek are making "handsome" returns? So is HDB, LTA, etc.... and not forgetting the yearly BUDGET SURPLUS into the $Billions. What BS if our Country is poor how to keep on paying our $Millionaire minsters and some civil servants? What BS!?
WB:-
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.