70,000 CPF members to receive S$40 million in matching grants to their retirement accounts

[pvtpublic]

That's is your own fault. Since many years ago, I transferred most of my OA to SA, where the returns are guaranteed at 4% per year. Your MA is also guaranteed at 4% per year. If you're dumb enough to put the bulk of your CPF in the OA, that's your own fault.



Most people who buy funds from their insurance agents or banks don't get more than 2.5% per year. No point showing a list of mutual funds that are out of reach to most sinkies.

that's coz can only buy rubbish "CPF approved" funds.

stop twisting, bulk of CPF contributions go to OA then MA and SA.

not everyone has the liquidity like son of rich man John Tan to transfer all their OA to SA.

 

[zeebjii]

LOL twisting again?

when the bulk of your contributions go to OA @ 2.5%

SWF vs private fund manager, different ball game. go and bluff those with iq 69 maybe can.

you can easily google the list of funds that have outperformed 2.5%. pathetic returns. throw into index fund also earn more.

temasek make 7% and give us back 2.5%. so that your darling Ho Ching and give away our money via Temasek foundation.

It's all in the plan. CPF rates were moving up and down until it flatlined at 2.5% for the longest time. I really cannot imagine it going up even ever 0.5% again.

 

[JohnTan]

that's coz can only buy rubbish "CPF approved" funds.

That's actually not true. You can buy whatever mutual funds is offered in the market. Check with your insurance agent or banks.

stop twisting, bulk of CPF contributions go to OA then MA and SA.

Again, not true.

When I was still a salaried worker, most of my money went into OA by default. However, you can transfer money from OA to SA whenever you want. And the government on several occasions, encourage sinkies to max out their SA due to the much higher interests rates. I did just that. It's your own fault if you couldn't be bothered to transfer your OA cash into SA early.

not everyone has the liquidity like son of rich man John Tan to transfer all their OA to SA.

I wasn't the son of a rich man. I was average like most sinkies. I transferred most of my OA to SA, leaving only a bit in OA for housing needs. Even after I became towkay, I still made periodic top ups to my SA CPF account. 4% guaranteed returns for the past few decades is hard to beat. I know of too many friends who lost money investing in stock market, commodities, forex, ostrich farms, land banking, MLM or in mutual funds run by private companies.

Only a few made decent returns from their risky investment methods.

 

[pvtpublic]

That's actually not true. You can buy whatever mutual funds is offered in the market. Check with your insurance agent or banks.



Again, not true.

When I was still a salaried worker, most of my money went into OA by default. However, you can transfer money from OA to SA whenever you want. And the government on several occasions, encourage sinkies to max out their SA due to the much higher interests rates. I did just that. It's your own fault if you couldn't be bothered to transfer your OA cash into SA early.



I wasn't the son of a rich man. I was average like most sinkies. I transferred most of my OA to SA, leaving only a bit in OA for housing needs. Even after I became towkay, I still made periodic top ups to my SA CPF account. 4% guaranteed returns for the past few decades is hard to beat. I know of too many friends who lost money investing in stock market, commodities, forex, ostrich farms, land banking, MLM or in mutual funds run by private companies.

Only a few made decent returns from their risky investment methods.

let's stop skirting the issue:

Temasek gets 7-8% over 20 years
We get 3.6% averaged out across all CPF accounts over 20 years

Why should we the people get such a small cut?

 

[pvtpublic]

It's all in the plan. CPF rates were moving up and down until it flatlined at 2.5% for the longest time. I really cannot imagine it going up even ever 0.5% again.

it seems more likely there is no plan and they are winging it as they go along.

seriously, if we get a bigger cut of Temasek's returns, retirement wouldn't be such a problem for so many.

one big reason for the singapore dream turning into the singapore nightmare is the low returns from our pension fund.

just plug in a floor rate of 5% and do some calculations. and watch our retirement problems shrink dramatically.

 

[JohnTan]

let's stop skirting the issue:

Temasek gets 7-8% over 20 years
We get 3.6% averaged out across all CPF accounts over 20 years

Why should we the people get such a small cut?

Small cut? Based on the figures you provided, sinkies have been receiving around 50% of Temasek's profits in cash dividends.

3.6 / 7 is roughly 50%. Sinkies and samsters can decide for themselves whether receiving 50% of the profits in cash yearly is a small cut or not.

The rest of the profits is kept for the reserves, future investment opportunities and for operating expenses.

 

[pvtpublic]

Small cut? Based on the figures you provided, sinkies have been receiving around 50% of Temasek's profits in cash dividends.

3.6 / 7 is roughly 50%. Sinkies and samsters can decide for themselves whether receiving 50% of the profits in cash yearly is a small cut or not.

The rest of the profits is kept for the reserves, future investment opportunities and for operating expenses.

I don't know what kind of Ivory tower you live in, but 50% of our own money is a small cut dick head.

 

[JohnTan]

I don't know what kind of Ivory tower you live in, but 50% of our own money is a small cut dick head.

You should watch this video and learn how to grow your cpf savings. Getting 50% of the profits yearly in cash tax free is extremely generous.

 

[pvtpublic]

Getting 50% of the profits yearly in cash tax free is extremely generous.

yes I'm glad you agree that we the people letting temasek taking a 50% cut of our money is extremely generous of us.

temasek should not have a monopoly on investing our CPF monies. more world class fund managers should be given licences to manage our CPF money.

a higher returns on our CPF will solve many of our retirement problems. the low CPF returns is a major contributor to the Sinkie Nightmare.