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now we start to see why CPF is having so many issues. Everybody understand them differently.
I am sure even some of the officers are also confuse, what more about common citizens who likely will not be able to understand all the jargons....
If you make something complex, it is easy to loose track of some of the things that are done.
If changes are made, it will be hell..... some of the things will be forgotten.
Whenever I read documentations, I always find that current human understanding is not equal to what is written in the docs.
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20-06-2014, 11:12 PM
(This post was last modified: 20-06-2014, 11:12 PM by tanjm.)
One more thing. Let's just say that the G declares it will invest some percentage of the money on behalf of members into risky investments.
Do you think it will be free from criticism? I don't think so. Feel free to google EPF and some of the criticisms against EPF. I can imagine CPF getting even more vitriol no matter how well it is administered.
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One question always puzzle me. Why OA is 2.5% SA 4.0% & MA 4.0 and recently the 1st 60K of OA+SA+MA enjoy +1% more. Why OA must be so specially lower than the rests.
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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21-06-2014, 10:16 AM
(This post was last modified: 21-06-2014, 10:17 AM by egghead.)
Because you use OA to pay for property, monthly mortgages, CPFIS, etc; and has to stay liquid. It is the same reason why short term deposit has lower interest than longer term ones.
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21-06-2014, 11:02 AM
(This post was last modified: 21-06-2014, 11:04 AM by Temperament.)
So am i correct to say OA operates more like a banking account; only now it is better because bank's FD is so low? It's not really a state's pension(aka looking after our interest) account at all.
Have OA's rate been lower than the bank's FD?
i say definitely yes. Even when i was still working. It was really not too long ago.
Most of us who didn't know how to DIY investment just dumped it to banking FD lol!
Or bought 5 to 10 "endowment" policy from the Bank's insurance department.
i can say all this because i did it lol.
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.