CPF will soon allow private pension plans!

Yingge said:

You see... PAP is right... When compare with return, all of you will compare with those which make successful investment...

Ask you to invest yourself... All kana stuck... There is a lot of government approved unit trusts that make money... It is also depend on when you invest...

Lose or stuck on your investment... You blame the government...

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johnny333 said:

This is where you are wrong.

Investment is not a one off thing but a long term process where you consistently put $$ in. Using dollar cost averaging you accumulate wealth. However with the CPF they only return a pittance of 2.5%. Some of my equities have given me a few hundred percent growth.

I have investments in Canada, US & Malaysia. Some of them are in RRSPs, unit trusts(i.e. Mutual funds) & equities. They are all doing better than my CPF stocks. The reason I am angry with the PAP is because they have stolen my opportunity cost of making even more $$$$$$$. If I had been able to invest what was stolen under the CPF, I would be worth more$$$ today.

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winnipegjets said:

Just give sinkees simple options - get the miserly CPF interest or to invest in a S&P etf from Blackrock or Vanguard.

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ginfreely said:

Oic they only contributed to that fund in their own name and nothing else. But then they are quite elderly so might have passed retirement age and that is their retirement account indeed.

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Yeah why people 5 or 6 percent can get so much. I recall Australia only 10 percent or so, not that much too. And they are really worry free in medical expenses, that time got one Australian staff who contracted skin cancer and he was not worried at all, said many people got skin cancer there.

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ginfreely said:

I think they should allow SRS funds to invest in overseas stock like Msia stocks that I like. Nowadays don't know what Spore stocks to buy using SRS.

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winnipegjets said:

You get a tax break by putting money into the account. Then you decide how you want to invest it. You could put it in fixed deposit, buy individual stocks, buy unit trusts or buy ETFs. You make the decision.
You can start this account once you start working.

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winnipegjets said:

They want the money to support SGX. The PAP government is using CPF for everything except to help you save for retirement. That's why the are so reluctant to let you get back your money or invest it for maximum gain.

If the government wants you to maximize your CPF, it can easily contract with Vanguard for sinkees to invest in Vanguard's S&P ETF. A simple process and higher returns for sinkees.

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MaxRiley said:

"For CPF members who can stomach higher risks, the Deputy Prime Minister agreed that options that may enable higher returns should be studied, but stressed the importance of understanding the risks involved in options like private pension plans." ...

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ginfreely said:

All the blue chip bank stocks so expensive, don't know which stock can buy using SRS that are safe. In Msia I can buy their Maybank share at Rm10 or less per share and buy only 100 shares per lot. They should let us invest in Vanguard like you say for our CPF or SRS funds.

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Sammy said:

just fucking return our money at 55 and stop giving excuses....

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