05-12-2022, 03:20 PM
(05-12-2022, 01:19 PM)ghchua Wrote: I don't understand the hype in using CPF-OA funds to bid for T-bills. Yes, you might get a higher yield in the short term. But what about long term?
hi ghchua,
I think prospect theory largely explains the hype
And in your years of investing, I am pretty sure you know that "long term" is the exception than the norm.
In the short term, everyone shouts long term. But in the long term, most of us turn out to be pretty short term.