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Gic has been speculating with our cpf
- Thread starter krafty
- Start date
How sound to the extent they keep the numbers close to their chest? What is there to hide????
The Rich Kid has to keep some of his close Friends (Cronies) Happy.
Long term yes. "Sound" we do not know. Singaporeans are famous for being skinned outside our borders. They should employ a few Jover types to advise them in the same way companies employ hackers to test their systems.
Yes, calculated risk, shiok ah, 4%......
when they lose money they will tell you it is long term investment which they will dump somewhere in the near future. yes, they do not speculate. they only gamble.
Yes. It takes a long time for them to pay us back.
Damn it ! 
Give us back all OUR hard-earned CPF money at age 55 NOWWWW !!:oIo:
Give us back all OUR hard-earned CPF money at age 55 NOWWWW !!:oIo:
have to support his wife's gain-ness
gambling is more difficult to wean off then drug addiction. that's why no death sentence yet.
Leong Sam there's one fundamental flaw with ur statement. At the end of the day it doesn't matter what sound long term investmens they make cause we only get a miserable shitty return of 2.5% over a time span of 30 years which is easily replicated with any government bond or corporate investment grade bond which are transacted freely on the market.2.5% return is like the risk return profile of a 60 year old man,not someone who has 30 years of growth to go.
I heard that too often from my fund managers I used to work with...we do not speculate with our client money...we buy to make long term investments...that will benefits the clients & the company...sheessh!..I am in the wrong channel....buy when they market is hot at a price, that is way above & force to hold for LONG TERM INVESTMENT....& then when it come tumbling down like "jack & jail"..cut loss, cut loss..5%..10%..then write story for client to read thereafter.
Of course they make sound investment....a 'black hole' has no sound, & how long you have been there...no body knows....ha ha ha
I heard that too often from my fund managers I used to work with...we do not speculate with our client money...we buy to make long term investments...that will benefits the clients & the company...sheessh!..I am in the wrong channel....buy when they market is hot at a price, that is way above & force to hold for LONG TERM INVESTMENT....& then when it come tumbling down like "jack & jail"..cut loss, cut loss..5%..10%..then write story for client to read thereafter.
Of course they make sound investment....a 'black hole' has no sound, & how long you have been there...no body knows....ha ha ha
nothing wrong with ur fund managers saying that,at the end of the day they have to promise u performance or u simply pull ur money out.but this GIC on the other hand promises u nothing,forces u to invest in it,and at the end of the day takes evrything and leaves u a pittance.
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The principle is the same...but the principal amount is different ha ha ha...one have to answer to the clients while the other, have free flow money & no need to be accountable for LONG TERM INVESTMENTS & low return rates or no return rates or no principal amount return....if I was a banker I want those money....plus, the 'clients' sign a life time BLANK CHEQUE....free to write any amount..anytime..
who is toh?
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