Open letter to my bank manager

[JHolmesJr]

Dear sir

I have 35,000$ in my fixed deposit account. From now on i would like to know where you are investing my funds, with full details on all the companies. Also would like to know how much money you make on those investments, with a view to increasing the interest rate as im not happy with it.

Thanks.

 

[scroobal]

Aiyah, don't waste your time, the guy would not have a clue. Just go into the internet and check out the rates. There are so many banks and financial instruments to invest in. There are also exotic currencies with better returns. If not sure there is a plethora of investment funds that can you pick your risk appetite. You also can withdraw if there are better options. The good part is that the terms and conditions are clear and they are regulated by an independent body.

CPF unfortunately no choice. The best part is that it is an elected Government and they have be transparent. There is no competition to speak off to claim confidentiality. However they are law on themselves.

Dear sir

I have 35,000$ in my fixed deposit account. From now on i would like to know where you are investing my funds, with full details on all the companies. Also would like to know how much money you make on those investments, with a view to increasing the interest rate as im not happy with it.

Thanks.

 

[Fishypie]

Dear sir

I have 35,000$ in my fixed deposit account. From now on i would like to know where you are investing my funds, with full details on all the companies. Also would like to know how much money you make on those investments, with a view to increasing the interest rate as im not happy with it.

Thanks.

Are you that Roy Chap in disguise ?..

 

[Thick Face Black Heart]

Dear sir

I have 35,000$ in my fixed deposit account. From now on i would like to know where you are investing my funds, with full details on all the companies. Also would like to know how much money you make on those investments, with a view to increasing the interest rate as im not happy with it.

Thanks.

Very poor analogy.

My bank manager does not withhold my funds just because I reach a certain age nor does he compel me to invest in any financial schemes like life annuities that I do not wish to invest in.

The CPF on the other hand compels me to keep my funds inside the account and furthermore to invest it in the annuity scheme they devise. That is why I want to know what the flying fishball fuck they are doing with my funds and what the systemic risks are. I also want to know how much flying fucking returns they are getting and am I being fleeced like a sheep.

 

[bakkuttay]

the situation is getting messier by the day.
my neighbour told me quietly that he has been moving his money to his many accounts in malaysia.
he just stop at that.

 

[xingguy]

Only a moron would have thought up such a fuck up analogy :oIo::kma:

Money in the bank is not force saving

 

[Thick Face Black Heart]

the situation is getting messier by the day.
my neighbour told me quietly that he has been moving his money to his many accounts in malaysia.
he just stop at that.

Malaysia!?! From the frying pan into the fire!

 

[winnipegjets]

Dear sir

I have 35,000$ in my fixed deposit account. From now on i would like to know where you are investing my funds, with full details on all the companies. Also would like to know how much money you make on those investments, with a view to increasing the interest rate as im not happy with it.

Thanks.

You have a choice in this case. We don't have a choice on how much to contribute or not to contribute. And we have to accept the pittance interest the PAP government shove at us.

Such simple logic and you don't get it. That explains why you are a PAP supporter.

 

[winnipegjets]

Dear sir

I have 35,000$ in my fixed deposit account. From now on i would like to know where you are investing my funds, with full details on all the companies. Also would like to know how much money you make on those investments, with a view to increasing the interest rate as im not happy with it.

Thanks.

I won't ask any question if I accept the returns. I don't accept the returns given by the CPF and I can't take my money elsewhere. Got it?

 

[kukubird58]

Very poor analogy.

My bank manager does not withhold my funds just because I reach a certain age nor does he compel me to invest in any financial schemes like life annuities that I do not wish to invest in.

The CPF on the other hand compels me to keep my funds inside the account and furthermore to invest it in the annuity scheme they devise. That is why I want to know what the flying fishball fuck they are doing with my funds and what the systemic risks are. I also want to know how much flying fucking returns they are getting and am I being fleeced like a sheep.

hahaha...forget about the cpf....how about this?
i have a million dollar to invest.....
i went to all the banks and tell them that i want to place the money with them but i am not happy with the measly interest rate offered...
i demand to know how much they are making with my money and whether i am being short changed by them...
i went to every bank in singapore and asked them the same question.....all of them showed me the middle finger and the door.....
so yes i have the free choice of doing what i want with my money...
so i decided to put them in biscuit tins under my bed...because no bank can give me the answers i want...
to exercise the free choice with my money....i spend the days counting the notes and ironing them...
i felt very happy because i have the choice to do what i want with my money....

 

[JHolmesJr]

I stopped for breakfast at dempsey village.

I called the manager and said i want scrambled eggs and toast....but can he give me the price of the eggs, butter, labour and how much the actual cost of the eggs were.....i want to see exactly how much youre making on the eggs.

Rude guy told me fuck off lah cheeeeebyyyye.

 

[Seee3]

I stopped for breakfast at dempsey village.

I called the manager and said i want scrambled eggs and toast....but can he give me the price of the eggs, butter, labour and how much the actual cost of the eggs were.....i want to see exactly how much youre making on the eggs.

Rude guy told me fuck off lah cheeeeebyyyye.

Aiyo you still didn't get what others are trying to tell you.

If you have a say, in deciding where to have your breakfast, then the manager will also have the right not you tell you the cost. You have made the choice to patronize his outlet. Not happy don't go there ever again.

If you have no choice but to eat that breakfast because your carterer, whom you have signed a 5 year contract, served it to you, claiming that it is accordance to the contract, then you will have the right to know the cost and other details so as to ascertain that terms in the contract are not breached.

 

[JHolmesJr]

So if i eat there voluntarily i cant ask how much profit the restaurant makes.....but if im forced to eat at the restaurant, i can ask how much profit they make and other sensitive stuff?

Sounds pretty one sided.

 

[Seee3]

So if i eat there voluntarily i cant ask how much profit the restaurant makes.....but if im forced to eat at the restaurant, i can ask how much profit they make and other sensitive stuff?

Sounds pretty one sided.

No no no no! You are still getting it wrong.

You have every right to ask, regardless of the situation.

The issue is whether does the restaurant owner has an obligation to answer your question regarding the cost. In the first case, the owner need not entertain your question because he didn't ask you to patronize. In the second case, the owner has an obligation to answer because he forced you to eat his breakfast. Of course there are some like those shop owners operating in Sim Lim Square. They might turn around and bash you up. Be careful, I heard that lately they had a new trick. They ganged up with law firms and sue till you bankrupt if you ask too much.

 

[blissquek]

the situation is getting messier by the day.
my neighbour told me quietly that he has been moving his money to his many accounts in malaysia.
he just stop at that.

You mean he did not tell u that he is secretly stashing $1000 and $10,000 bills in his brief case and ship it over to another country.

A Korean was caught with $6 million in cash trying to take the money out at the airport.

For one caught, there are 100 others. then sneak through...

So you see the usefulness of the big denomination..makes it handy and neat..
And our Finance Minister is looking the other way on this matter. We are not a money laundering centre and categorically states that all is well in our sleek and clean Singapore.

Even if you are caught, you only need to pay a tiny fine.

I find it fishy their stance on issuing these big denomination note...
( one $10,000 note equals to nearly US$8000, whereas china is using $100 renimbi as their largest bill)

Nor wonder, Mafia and the drug lords love our currency...

 

[zhihau]

I have 35,000$ in my fixed deposit account.

wah... not enough for air flown sashimi leh...

 

[zhihau]

You have every right to ask, regardless of the situation.

hehehe... truth be told, when GIC dips into the CPF for a loan, there should be a referendum to decide the interest rates!

 

[Cerebral]

Malaysia!?! From the frying pan into the fire!

Not true. When you are earning in sgd and savings in myr, you are taking a bet on the currency. Malaysia has a lot of natural resources. The currency will not slide forever and sgd cannot increase forever. We are an export led economy. We cannot afford super strong sgd for very long

 

[Cerebral]

You mean he did not tell u that he is secretly stashing $1000 and $10,000 bills in his brief case and ship it over to another country.

A Korean was caught with $6 million in cash trying to take the money out at the airport.

For one caught, there are 100 others. then sneak through...

So you see the usefulness of the big denomination..makes it handy and neat..
And our Finance Minister is looking the other way on this matter. We are not a money laundering centre and categorically states that all is well in our sleek and clean Singapore.

Even if you are caught, you only need to pay a tiny fine.

I find it fishy their stance on issuing these big denomination note...
( one $10,000 note equals to nearly US$8000, whereas china is using $100 renimbi as their largest bill)

Nor wonder, Mafia and the drug lords love our currency...

10k notes are tracked in sg

 

[bakkuttay]

Not true. When you are earning in sgd and savings in myr, you are taking a bet on the currency. Malaysia has a lot of natural resources. The currency will not slide forever and sgd cannot increase forever. We are an export led economy. We cannot afford super strong sgd for very long

fixed deposit under 4%
i followed with a little.