Does this man make sense?

[tanwahtiu]

TrustNoPig:
June 15, 2014 at 2:21 pm TrustNoPig(Quote)
Did some basic sum.

Assume PAP locked up $200,000 of my SA when I hit 55.

At 4% per annum for 10 years, PAP easily have $280,000 of my money locked away (with interest on interest, let’s round it to $300,000).

Now when I hit 65, PAP pays me (assume $1,500 a month) yearly amount of $18,000.

That to PAP is an astronomical amount and is doing us a BIG favor.

However, if you look at the numbers closely, you will be shocked that PAP did not actually come out with any money, just giving us the interest that our capital earns.

If our $300,000 continues to earn 4% to 8% a year, the interest amount would be between $12,000 and $24,000 a year. So an average rate of returns of 6% from our capitals would mean PAP get to keep all our capitals and only returning interest to us on a yearly basis.

So even if it is a lifelong annuity, PAP just have to secure a 5% to 6% on our Special Account balance over the years and that would imply PAP get to keep our capital for good when we die. If we CONK OFF earlier, PAP will be most appreciative.

Now you know why PAP has a mathematical genius called LHL as a PM?

If you still don’t know and is prepared to hand your hard earn money (accumulated over 40 – 50 years) to LHL for him to spend at his discretion, please continue to vote for PAP.

It’s bad enough our OA is emptied by PAP through their over price HDB flats and our Medisave is locked forever, never to be emptied until we die or until there is insufficient fund in there to pay for upcoming increase in premiums under the guise of MediLife.

There’s no reason why anyone with a bit of brain cells left would want to surrender their last Retirement Fund to PAP, or would there really be 6 out of 10 Singaporeans who are that STUPID?


http://www.tremeritus.com/2014/06/1...ld-man-over-cpf-restrictions/#comment-1278655


I have made this assumption before.

If you invest $100,000 in shares in a company. This is the capital you put in. The yearly dividend payout is say 6% and you received $6,000

Leave this $6k to rollover and in 10 years this interest earned $ (compounded) should made a tidy sum of say $80K.

You draw out this capital and leave the interest earned which then become your capital. In another 10 years draw out this capital and leave the interest earned and the cycle repeat which even your children can inherit them.

Why cant the CPF don't allow you to do that?

Who is LHL trying to kid?

 

[scroobal]

The PAP's motivation is not about the people per se. Their first goal is to excel as a government, be financially sound and show the world that they can punch well above their weight. On this count, they have succeeded very well and foreigners acknowledge that.

The CPF money though started by the British was ready pool of cheap funds to finance nation building which was the right thing to do as it also raised the quality of life for every Singaporean.

Then it became an escrow account to cover housing loans and medical expenses. The Government did not want to be laden with bad debts. The cheap source of funds also became an addiction that they could not wean themselves from. They had a choice, slow growth and lose some of the adulation of the world or short-change the locals.

Guess which path they took?

Lets face it, are you going to tell your wife that her days of helming Temasek is over and the sweet deals when we hand over state assets at interesting prices are gone? Is it easier to deal with a voter or your wife?

 

[sochi2014]

Share calculation is dead wrong.

If you invest in a promising company for 100k at one dollars each. Share prices rise to 100 in ten years time you would have 10 millions.

See what you guys have been missing when you put your money mediocre investments options.

 

[da dick]

Share calculation is dead wrong.

If you invest in a promising company for 100k at one dollars each. Share prices rise to 100 in ten years time you would have 10 millions.

See what you guys have been missing when you put your money mediocre investments options.

calaculations were incorrect. if you leave your money in CPF/GIC/TEMASUX, they will buy high sell low and lose ALL your interest PLUS *UNKNOWN* percentage of your capital, so your minimum sum will keep raising until over 1 MILLLION DOLLARS!!!! song boh?

 

[halsey02]

All the calculations, gesturing & complaining..what the f#@$ for?? Just, make plenty of noises, "GIVE US OUR MONEY WHEN WE RETIRE", ALL OF IT!, not some of it & still keep the rest of it!.

That is all, we want....

 

[tanwahtiu]

you are correct too.

The dividend is draw out to be your income to spend and the share value increases is the equity growth.

Share calculation is dead wrong.

If you invest in a promising company for 100k at one dollars each. Share prices rise to 100 in ten years time you would have 10 millions.

See what you guys have been missing when you put your money mediocre investments options.

 

[dr.wailing]

.....Lets face it, are you going to tell your wife that her days of helming Temasek is over and the sweet deals when we hand over state assets at interesting prices are gone? Is it easier to deal with a voter or your wife?

scroobal

I don't know why but it seems that when something goes wrong and someone has to take the rap for it, it's usually women.

Take for example: Wu Zetian, the first and only female Chinese Emperor, took the rap from later historians for being immoral. No historian has ever criticized her for her superb government.

Empress Dowager Cixi of the late Qing Dynasty had to take the blame for the decadence of the Chinese empire. But historians know that most of the decadence already started before her time and was exacerbated by corrupt officials during her reign.

Jiang Qing, the last wife/consort of Mao Zedong, was blamed for the excesses of the Chinese Cultural Revolution. In fact it was her husband who ordered the mass imprisonment and torture of dissidents and intellectuals during that dark period of modern Chinese history.

Closer to home, when m&d hit Familee, LKY was quick to shift the blame to Gecko and lied to daft Sinkies that it was her who bought multi-million $ apartments at Nassim Jade at steep discounts without his knowledge.....LOL....LOL....

Back to your point: a little bird tells me that it was and still is Old Fart's order that members of Familee oversee GIC and Temasick. Hence, could you for once stop blaming Ho Jinx for not wanting to give up her CEO post? Thank you.