GIC achieved a 20-year annualised real rate of return of 4.9% for the financial year ended 31 March 2015. We cannot expect this level of returns to continue. The current high asset prices are likely to result in low returns over the next 5 to 10 years.
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Wah lau ...GIC is so bad!
- Thread starter winnipegjets
- Start date
remedy?time to raise GST
How much gone to director's fees and salaries of Scholars at the GLCs.
Just only need raise worker's cpf contribution and extend withdrawing age to 100 will do. All it takes is 10 minutes in parliament to pass bill, and MSM will go into spin mode to justify.
Not even need to print a piece of flyer which cost less than a cent.
Suddenly, GIC has so much cash forever and ever, management can go back to their ivory towers and relax again.
Not even need to print a piece of flyer which cost less than a cent.
Suddenly, GIC has so much cash forever and ever, management can go back to their ivory towers and relax again.
S&P achieved an annualized return of 10.46 in the same period of time. Why are the Opposition MPs not whacking GIC for such mediocre performance?
Why do we have a bloated GIC team of 2100 then? Just invest in etfs and a team of 50 would suffice.
S&P returns over 20 years
1996:22.96
1997:33.36
1998:28.58
1999:21.04
2000: -9.1
2001: -11.89
2002: -22.10
2003: 28.68
2004:10.88
2005:4.9
2006: 15.79
2007: 5.49
2008 -37%
2009 - 26%
2010 - 15.06
2011 - 2.11
2012 - 16%
2013 - 32.39%
2014 - 13.69%
2015 - 1.4
Why do we have a bloated GIC team of 2100 then? Just invest in etfs and a team of 50 would suffice.
S&P returns over 20 years
1996:22.96
1997:33.36
1998:28.58
1999:21.04
2000: -9.1
2001: -11.89
2002: -22.10
2003: 28.68
2004:10.88
2005:4.9
2006: 15.79
2007: 5.49
2008 -37%
2009 - 26%
2010 - 15.06
2011 - 2.11
2012 - 16%
2013 - 32.39%
2014 - 13.69%
2015 - 1.4
A little bit of thinking and all becomes clear.....only with lower and lower returns over the years can the long term strategy of buy high and sell low objective be achieved. Patience and perseverance is the key.
You can be sure that in the next few years, they will raise your GST, monthly S&CC as well as ministars' salaries.
Pluck some numbers from the sky? Of course, take their numbers to whack them lah. Sinkees are so gullible ...they believe the GIC numbers.
Real rate of return bro,4.9 percent real rate of return is pretty solid especially over 20 years.if u take cpf real rate of return it will probably be negative.if i invest 1.5k a month at 4.9 percent real rate of return i will be a millionaire in 20 years,though im worried about what they mean by current high prices of assets.what did they invest in?sg properties?does that mean they had very high rates of return in the early years and now its crap?
For all anyone knows most of it might have become the Lee's retirement fund
Why else do people who ask too many questions about the CPF have gotten into trouble?
When they talk about current high prices of assets, they are hinting that they may be buying high and selling low.
When they talk about current high prices of assets, they are hinting that they may be buying high and selling low.
If that being the case, better watch out for USD/SGD if you have any overseas positions, don't say no give you tips.
Check out 2009 or 2010 charting of the above mentioned, and you know what I meant. You need stronger SGD to support your losing greenback.
Based on PAP's definition of inflation rate?
Even that, the S&P return beat GIC flat out. GIC has 2100 employees and yet can't beat the S&P.
Actually, if you invest $10k a year in S&P for 30 years, you will achieve $1.3 million! $300k investment translates to $1.3 million.
Sinkees should beat up the PAP for cheating us of our returns.
Sell Oxley Home to GIC for $1.....& they keep the facade for the whoreshippers.....& build a "residences"..condo etc..there & they will have an inventory gain in their books too...but they will have to shoo off that "expensive jaga" there first!
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