Temasek return to shareholders only 1.5% last year, but S & P 500 increase 26.6%

[eatshitndie]

It's quite amusing and pathetic that Leongsam tries to defend the indefensible. I wonder whether he enjoys playing Devil's advocate in his own forum. Or perhaps maybe it's his attempt to rebalance the anti PAP sentiment. I really don't know...

facts and evidence speak for themselves. when pap detractors lapped up the news story about an old sinkie auntie cleaner who lost $400k of her savings to tiong scammers, it actually opened up hidden snippets of sinkie foolishness, and the whole story backfired. instead of kpkb'ing about sinkies' sizable stash of savings being scammed by ft's, the same pap detractors could have encouraged old sinkies with lifelong savings of their hard earned money in cash (and not in cpf accounts) to safekeep their hundreds of thousands of dollars of cash in cpf accounts and still make 2.5% interest rather than risk losing them all in a fire or a tiong or nigerian scam. it proves that old sinkies working in deplorable coolie conditions have sizable savings for retirement yet choose to slave, and are in no prepared frame of mind or knowledgeable condition to manage and use those savings for their full benefit.

 

[frenchbriefs]

facts and evidence speak for themselves. when pap detractors lapped up the news story about an old sinkie auntie cleaner who lost $400k of her savings to tiong scammers, it actually opened up hidden snippets of sinkie foolishness, and the whole story backfired. instead of kpkb'ing about sinkies' sizable stash of savings being scammed by ft's, the same pap detractors could have encouraged old sinkies with lifelong savings of their hard earned money in cash (and not in cpf accounts) to safekeep their hundreds of thousands of dollars of cash in cpf accounts and still make 2.5% interest rather than risk losing them all in a fire or a tiong or nigerian scam. it proves that old sinkies working in deplorable coolie conditions have sizable savings for retirement yet choose to slave, and are in no prepared frame of mind or knowledgeable condition to manage and use those savings for their full benefit.

but i assuming that the old sinkie woman does have some form of cpf account or pension scheme?and that 400k is merely the extra money that she saved?tell me what prepared frame of mind or knowledgeable condition do u need to use those savings for their full benefit?its obvious she has savings thats way beyond anybody's imagination but she would rather be a stingy mcscrooge tightass wad then to even dip into that precious pot of gold and enjoy it.

but u know something in this case i rather be that old women and take my chances having my precious 400k baby be burned in a fire or a tiong or nigerian scam then to have the government steal half that fortune from right under my nose by a few tricks and wave of the magic wand....and tell me sweet lies and sweet nothings....at least in this case i know my precious 400k will always be mine and i can touch it,hug it,fondle it and sing to it,it will always be MINE MINE MINE!!!!until i choose to blow it all at the nearest KTV club or pattaya....

 

[eatshitndie]

but u know something in this case i rather be that old women and take my chances having my precious 400k baby be burned in a fire or a tiong or nigerian scam then to have the government steal half that fortune from right under my nose by a few tricks and wave of the magic wand....

you see? that's the problem with sinkies. here's a world crass, oops i mean to say world class, gov managing your savings for you for free, yet giving you interest better than local banks, and sinkies want the short term satisfaction of holding it (and blowing it) with butter fingers. i would be highly honored and crying with tears of joy and pride if such a superlative highly compensated gov were to manage my money. :p

 

[Thick Face Black Heart]

Temasek has a fantastic track record and is one of the highest ranked funds in the whole world.

Actually that is one statement that has been parried around but not backed up by data, due to lack of disclosure.

We know that the fund has grown in size, but we don't know how much of that growth is attributed to inflows rather than profits from investments.

If I contribute $100 to a $100 investment account, my account has doubled in size, but my profits are still zero. I can tell the whole world my account has doubled over how many years, and it would mean nothing.

 

[winnipegjets]

facts and evidence speak for themselves. when pap detractors lapped up the news story about an old sinkie auntie cleaner who lost $400k of her savings to tiong scammers, it actually opened up hidden snippets of sinkie foolishness, and the whole story backfired. instead of kpkb'ing about sinkies' sizable stash of savings being scammed by ft's, the same pap detractors could have encouraged old sinkies with lifelong savings of their hard earned money in cash (and not in cpf accounts) to safekeep their hundreds of thousands of dollars of cash in cpf accounts and still make 2.5% interest rather than risk losing them all in a fire or a tiong or nigerian scam. it proves that old sinkies working in deplorable coolie conditions have sizable savings for retirement yet choose to slave, and are in no prepared frame of mind or knowledgeable condition to manage and use those savings for their full benefit.

The old sinkees are smart enough to know that their money is safer outside the clutches of the PAP. Yeah, one got scammed. Big deal.
You take one old folks with sizeable savings and conclude that most old folks are of the same financial calibre. Time for you to spend more time in the heartland areas.

 

[winnipegjets]

you see? that's the problem with sinkies. here's a world crass, oops i mean to say world class, gov managing your savings for you for free, yet giving you interest better than local banks, and sinkies want the short term satisfaction of holding it (and blowing it) with butter fingers. i would be highly honored and crying with tears of joy and pride if such a superlative highly compensated gov were to manage my money. :p

Only fools put their money in savings account in the current condition. The government doesn't manage your money, it uses them to generate huge returns and give back dirt to you, consequently, letting inflation deplete your savings.
CPF will be most happy to take millions and pay you 2.5 percent interest. What's stopping you from handling it over to them?

 

[steffychun]

That is why I admire Ho Ching so much. She doesn't follow market trends. She blazes her own trail.

yes her own trail of losses.

 

[Leongsam]

"Everyone can prosper" ...rubbish. Median takehome pay is $1700!!!!!
She didn't create any opportunity. If she hadn't lost a few hundred billions of our money, we would have opportunity.

I said "... everyone can prosper IF THEY TAKE ADVANTAGE OF THE OPPORTUNITIES....."

If they choose not to it is not the PAP's fault, it is not Ho Ching's fault, it is not LKY's fault or LHL's fault. It is THEIR OWN FAULT.

 

[Leongsam]

yes her own trail of losses.

Every fund manager has a few duds Warren Buffet included.

However, the fact remains that she has single handedly turned Temasek into a money making machine par excellence and independent rating agencies around the world have lauded her efforts and hailed her as one of the best fund managers of all time.

You cannot argue with the facts.

 

[Papsmearer]

It's quite amusing and pathetic that Leongsam tries to defend the indefensible. I wonder whether he enjoys playing Devil's advocate in his own forum. Or perhaps maybe it's his attempt to rebalance the anti PAP sentiment. I really don't know...

He is paid by the PAP to come here and portray their pov and defend them. He is not doing a good job.

 

[Papsmearer]

Every fund manager has a few duds Warren Buffet included.

However, the fact remains that she has single handedly turned Temasek into a money making machine par excellence and independent rating agencies around the world have lauded her efforts and hailed her as one of the best fund managers of all time.

You cannot argue with the facts.

She has had more than a few duds stupid.

Barclays, Bank of America, Merrill Lynch, Shincorp, ABC Learning centres, NIB bank, Micropolis, etc. Don't mention her in the same sentence as warren buffet. Its an insult to buffet. If Warren buffet loss all those money, he would have been fired. And any money that he lost was his own money too.
Not like Whore Jinx, who suffers no consequences. She still collects big salary and bonus regardless of how much she lost.

 

[Papsmearer]

If the government did away with the CPF and people were relied upon to invest the money themselves, all they'd do is spend it all and they'd have nothing to their names when they reached 55.

There would be a handful of prudent and astute investors who would do better without the CPF scheme but these would be few and far between. In fact, this category of Singaporeans will be investing wisely regardless and they'll have far more than the CPF minimum sum when they turn 55.

That is a fact. All else is wishful thinking.

By your fucked up logic, all singaporeans should give their paycheck to the govt to jagar for them, right? Otherwise, they will spend it on casinos, smoking, drinking, hookers, etc.

 

[krafty]

cronies know their job well...no need to question them, and besides who are we, we are just a bunch of keyboard warriors.

 

[Equalisation]

cronies know their job well...no need to question them, and besides who are we, we are just a bunch of keyboard warriors.

Yes. We shall vote them out for their ever changing goalposts !!

 

[krafty]

without opposition voices to keep tab on these pappies, they will always think what they did is right!

Yes. We shall vote them out for their ever changing goalposts !!

 

[Leongsam]

without opposition voices to keep tab on these pappies, they will always think what they did is right!

Most of what the PAP does is right. When it comes to the CPF scheme, they are 100% spot on.

CPF isn't just managed fund. The way it is operated takes human nature and its inherent weaknesses into account and this is thanks to the foresight and wisdom of the PAP.