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(21-04-2013, 11:02 AM)freedom Wrote: I am a firm supporter of FED's QE policy. Long term interest rate should align with long term growth rate of GDP and long term inflation. Since the growth of world GDP is so low, there is no reason not to keep long term interest rate low enough. Only when the interest rate is low enough, investors will take higher risk and hopefully, great innovations come out and propel the world economy.
I can only say sorry to those retired. You have enjoyed the good times, either you have to lower your lifestyle, or you can come out of your retirement. It's unfair for the younger generation to pay for your retirement.
Low interest rate? You pay for our retirement?
In fact i think we pity you have to take a 20-30 years mortgage loan just to pay for a 99-year leasehold HDB. flat. In our time, many of us can pay outright with cash + CPF and still have some cash balance.
And we don't have to pay such a high, ridiculous price for our 4 wheels too.
i pity your generation, most of them without the parental help couldn't afford to buy even an HDB. flat. i think our Papies has made you into "modern slaves".
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.
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(21-04-2013, 12:11 PM)Temperament Wrote: (21-04-2013, 11:02 AM)freedom Wrote: I am a firm supporter of FED's QE policy. Long term interest rate should align with long term growth rate of GDP and long term inflation. Since the growth of world GDP is so low, there is no reason not to keep long term interest rate low enough. Only when the interest rate is low enough, investors will take higher risk and hopefully, great innovations come out and propel the world economy.
I can only say sorry to those retired. You have enjoyed the good times, either you have to lower your lifestyle, or you can come out of your retirement. It's unfair for the younger generation to pay for your retirement.
Low interest rate? You pay for our retirement?
In fact i think we pity you have to take a 20-30 years mortgage loan just to pay for a 99-year leasehold HDB. flat. In our time, many of us can pay outright with cash + CPF and still have some cash balance.
And we don't have to pay such a high, ridiculous price for our 4 wheels too.
i pity your generation, most of them without the parental help couldn't afford to buy even an HDB. flat. i think our Papies has made you into "modern slaves".
Uncle Temperament, Are u being subsidized by the younger generation for your retirement ?
“risk comes from not knowing what you’re doing.”
I don’t look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.
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21-04-2013, 12:34 PM
(This post was last modified: 21-04-2013, 12:35 PM by freedom.)
(21-04-2013, 12:11 PM)Temperament Wrote: (21-04-2013, 11:02 AM)freedom Wrote: I am a firm supporter of FED's QE policy. Long term interest rate should align with long term growth rate of GDP and long term inflation. Since the growth of world GDP is so low, there is no reason not to keep long term interest rate low enough. Only when the interest rate is low enough, investors will take higher risk and hopefully, great innovations come out and propel the world economy.
I can only say sorry to those retired. You have enjoyed the good times, either you have to lower your lifestyle, or you can come out of your retirement. It's unfair for the younger generation to pay for your retirement.
Low interest rate? You pay for our retirement?
In fact i think we pity you have to take a 20-30 years mortgage loan just to pay for a 99-year leasehold HDB. flat. In our time, many of us can pay outright with cash + CPF and still have some cash balance.
And we don't have to pay such a high, ridiculous price for our 4 wheels too.
i pity your generation, most of them without the parental help couldn't afford to buy even an HDB. flat. i think our Papies has made you into "modern slaves".
that's what I mean by "You have enjoyed the good times. and it's unfair for the younger generation to pay for your retirement".
So exactly my point why the retirees should not complain about low interest rate.
My another point would be CPF should cut its interest rate to 0.5% or below. But I doubt the government dares to do that.
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Whether it is right or wrong doesn't really matter very much. When central bankers don't have a clue how to solve problems that has been passed down from generations, i find it meaningless to assume their role.
Rather, I will keep monitoring their moves to make adjustments to my portfolio strategy. That to me is the best survival kit.
GG
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21-04-2013, 01:56 PM
(This post was last modified: 21-04-2013, 01:59 PM by Temperament.)
(21-04-2013, 01:50 PM)greengiraffe Wrote: Whether it is right or wrong doesn't really matter very much. When central bankers don't have a clue how to solve problems that has been passed down from generations, i find it meaningless to assume their role.
Rather, I will keep monitoring their moves to make adjustments to my portfolio strategy. That to me is the best survival kit.
GG
Ha! Ha!
Well put. Nothing is real but to survive according to the present situation.
(21-04-2013, 12:26 PM)cfa Wrote: (21-04-2013, 12:11 PM)Temperament Wrote: (21-04-2013, 11:02 AM)freedom Wrote: I am a firm supporter of FED's QE policy. Long term interest rate should align with long term growth rate of GDP and long term inflation. Since the growth of world GDP is so low, there is no reason not to keep long term interest rate low enough. Only when the interest rate is low enough, investors will take higher risk and hopefully, great innovations come out and propel the world economy.
I can only say sorry to those retired. You have enjoyed the good times, either you have to lower your lifestyle, or you can come out of your retirement. It's unfair for the younger generation to pay for your retirement.
Low interest rate? You pay for our retirement?
In fact i think we pity you have to take a 20-30 years mortgage loan just to pay for a 99-year leasehold HDB. flat. In our time, many of us can pay outright with cash + CPF and still have some cash balance.
And we don't have to pay such a high, ridiculous price for our 4 wheels too.
i pity your generation, most of them without the parental help couldn't afford to buy even an HDB. flat. i think our Papies has made you into "modern slaves".
Uncle Temperament, Are u being subsidized by the younger generation for your retirement ? ??? Care to elaborate?
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.
Posts: 1,343
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21-04-2013, 02:15 PM
(This post was last modified: 21-04-2013, 02:15 PM by cfa.)
Papies always say, we need more young to work and support the olds who are not contributing to GDP. How the young is subsidizing the retired folks ?
“risk comes from not knowing what you’re doing.”
I don’t look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.
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(21-04-2013, 02:15 PM)cfa Wrote: Papies always say, we need more young to work and support the olds who are not contributing to GDP. How the young is subsidizing the retired folks ?
Oh i see!
You still believe what the Papies say? You will die slowly. i mean you will starve to death slowly.
Tell me is it the working youngs subsidising the retirees by paying high income tax like some more social equitable countries? Or the young to work to support the Elites and the Papies?
All of us support ourselves (including you in future) with our own CPF MS.
But your MS has to be pooled and become forced "Annuity Scheme" So pray tell me how the working youngs are supporting the retirees? No the young are the slaves of Papies, to me.
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.
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21-04-2013, 02:33 PM
(This post was last modified: 21-04-2013, 02:37 PM by Jared Seah.)
Woah!
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
Just google singapore man of leisure
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(21-04-2013, 02:33 PM)Jared Seah Wrote: Woah!
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 general social system. Surely invidual cases such as if my own parents ask me for money, no matter how I will give.
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.
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21-04-2013, 03:07 PM
(This post was last modified: 21-04-2013, 03:10 PM by cfa.)
(21-04-2013, 02:30 PM)Temperament Wrote: (21-04-2013, 02:15 PM)cfa Wrote: Papies always say, we need more young to work and support the olds who are not contributing to GDP. How the young is subsidizing the retired folks ?
Oh i see!
You still believe what the Papies say? You will die slowly. i mean you will starve to death slowly.
Tell me is it the working youngs subsidising the retirees by paying high income tax like some more social equitable countries? Or the young to work to support the Elites and the Papies?
All of us support ourselves (including you in future) with our own CPF MS.
But your MS has to be pooled and become forced "Annuity Scheme" So pray tell me how the working youngs are supporting the retirees? No the young are the slaves of Papies, to me.
Exactly, Papies always create the impression that those who retired are being subsidized. By the way I should be retiring soon, so need more young to work to subsidize my coming retirement. 
“risk comes from not knowing what you’re doing.”
I don’t look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.
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