why is it impossible for GIC to pay more?if we looking at the long term,40 to 50 years ago......$20,000 put into the S&P 500 in 1964 would have returned 2270%....a total of $440,000......if u had $80,000 u would have received $1.76m today.....
why are we looking at 10 year returns?do u start saving in ur cpf at the age of 45 or 50?no!!!!!u start at the age of 18....18 to 55 is 37 years.....we should be looking at 30 year to 40 year returns in the GIC!!!!
now we all know the GIC returns reflect the real returns of our governments investing acumen.....a mere pathetic 5% after nearly 30 years.......temasek annualized returns of 16% are all bullshyt.....we know temasek has received countless injection of government funds,built in infrastructure,companies sold at firesale prices,land acquisition....