Laurence Lien: Govt should not be in the biz of making $$$ from citizens!

[Asterix]

Besides peacocks and joss sticks*
Fooling around with Hantu index futures
I am glad to say that unlike GCBs
Other bigger things get my attention too


*Pivots and candle sticks

[video=youtube;848aJL4bAw4]https://www.youtube.com/watch?v=848aJL4bAw4[/video]

 

[Cosmos10]

Besides peacocks and joss sticks*
Fooling around with Hantu index futures
I am glad to say that unlike GCBs
Other bigger things get my attention too


*Pivots and candle sticks

Hi brother Asterix , reading the posts written by you in this SBF over the last two years, I can deduce that you have the brain and the heart of an intelligent and compassionate liberal!

 

[Hans168]

govt shud not let foreigners to make money out of us by harvesting $600 million with a capital of $2 and a borrowing of $5 million to invest in commercial columbaarium!!!!!!!!!!!!!!! WTF

 

[borom]

Worth repeating that the opposition should try to recruit more people like him-well educated and wealthy and not easily intimidated by the scare tactics of the pappy.
Remind me of the Ho Kwon Ping in his younger days but than Ho become a true blue capitalist -maybe on retirement he will become a Socialist again?

 

[greedy and cunning]

Pose this question to your MP ...

Invest $10k annually for 30 years to SPY (ETF of S&P), you get $1.3 million at the end.
Same amount in CPF results in $450k.

Why would any sane person want to give up $850k for 'safety'?
If MP spouts the same bs about government guarantee etc, ask him if the sinkapore government can still pay when the US tanks?

eg: a hedge fund or bank that invest money for you take many kinds of fee for their "work".
how much left for u depends on how much these blood sucker deduct from the profit (if any).
if investment makes 8% , blood sucker takes 3% for themselves and 3% to re-invest
then u only get 2%.
since everything is a black box , nobody knows what goes on inside.

 

[Negative]

govt shud not let foreigners to make money out of us by harvesting $600 million with a capital of $2 and a borrowing of $5 million to invest in commercial columbaarium!!!!!!!!!!!!!!! WTF

............................

 

[Domino]

Pose this question to your MP ...

Invest $10k annually for 30 years to SPY (ETF of S&P), you get $1.3 million at the end.
Same amount in CPF results in $450k.

Why would any sane person want to give up $850k for 'safety'?
If MP spouts the same bs about government guarantee etc, ask him if the sinkapore government can still pay when the US tanks?

MP bo eng.

 

[LEGEND]

They are not making money from us. They are robbing our money! :oIo:

 

[mojito]

Hi brother Asterix , reading the posts written by you in this SBF over the last two years, I can deduce that you have the brain and the heart of an intelligent and compassionate liberal!

Heehee... But does he have deep pockets of a fascist bureaucrat? Chey!

 

[jw5]

Chey your wife's cheebye.

Heehee... But does he have deep pockets of a fascist bureaucrat? Chey!

 

[jw5]

well said! i'd zap your points but you have too few still. :p

well said! i'd up your points but you have too many already.

 

[ATOMICO]

Heehee... But does he have deep pockets of a fascist bureaucrat? Chey!

Heehee.... what happened to "what's wrong with making more money?"

 

[Asterix]

eg: a hedge fund or bank that invest money for you take many kinds of fee for their "work".
how much left for u depends on how much these blood sucker deduct from the profit (if any).
if investment makes 8% , blood sucker takes 3% for themselves and 3% to re-invest
then u only get 2%.
since everything is a black box , nobody knows what goes on inside.

Big difference my dear is competition and choice
Free market with many types of funds to pick from
ETFs charge low fees whereas actively managed ones
Will charge performance fees for profits above
Threshold but losses are for holders to bear alone
Goes by fancy name of carry or carried interest

No gun pointed at you to force purchase of funds
Where expenses will eat into potential returns
If not happy let's say because lose 30 billion dollars
On badly timed purchase of bank stocks in crisis
Or accounts not transparent enuff can withdraw
Re-allocate as appropriate between asset classes
To fit risk profile as you grow old into sunset
Sane people prefer free choice over compulsion


http://en.wikipedia.org/wiki/Carried_interest

 

[jw5]

He made a lot of money but he realised that his kah ch$ng is very painful.

Heehee.... what happened to "what's wrong with making more money?"

 

[Asterix]

Hi brother Asterix , reading the posts written by you in this SBF over the last two years, I can deduce that you have the brain and the heart of an intelligent and compassionate liberal!

Thanks but you got the gender wrong
I much prefer to listen to Monsterrat
But lay my eyes on Angela instead
You see I am a lesbian seamstress


[video=youtube;-4rsu11K3PY]https://www.youtube.com/watch?v=-4rsu11K3PY[/video]

https://www.youtube.com/watch?v=oGY7QsippGk