Finally Gahmen answers CPF questions! GIC invests on money from State, not CPF!

[MaxRiley]

From yesterday's Parliament, a lot of things were finally clarified.
Technically, GIC invests money from state, not our CPF!
Read more here:

http://www.fivestarsandamoon.com/revealed-for-the-first-time-how-gic-invests-state-funds/

 

[hockbeng]

from yesterday's parliament, a lot of things were finally clarified.
Technically, gic invests money from state, not our cpf!
Read more here:

http://www.fivestarsandamoon.com/revealed-for-the-first-time-how-gic-invests-state-funds/

wrong.

Since almost everyone has to use cpf to pay for housing, and land sales proceeds also go to gic; gic is very much funded by inflated ppty values; which can only be affordable if cpf comes into the picture.

 

[winnipegjets]

From yesterday's Parliament, a lot of things were finally clarified.
Technically, GIC invests money from state, not our CPF!
Read more here:

http://www.fivestarsandamoon.com/revealed-for-the-first-time-how-gic-invests-state-funds/

So much obfuscation.

The fact remains ....we don't have enough money to retire because our CPF is not generating the average returns that safe ETF is producing.

$10k invested annually in CPF for a period of 30 years ends up at $450k, of which $300k is principal.
Same amount invested in S&P ETF for the same period will give you $1.3 million!
The difference is $800k!

Any savvy investor will give up on AAA rating guarantee for 500 percent more in profits! The S&P ETF is solid as a rock. If the US economy collapses, sinkapore will be swept along with it. So, the AAA rating makes no difference.

Many sinkees can retire comfortably but for the overpriced pigeon hole and the theft of our CPF returns.

 

[hockbeng]

so much obfuscation.

The fact remains ....we don't have enough money to retire because our cpf is not generating the average returns that safe etf is producing.

$10k invested annually in cpf for a period of 30 years ends up at $450k, of which $300k is principal.
Same amount invested in s&p etf for the same period will give you $1.3 million!
The difference is $800k!

Any savvy investor will give up on aaa rating guarantee for 500 percent more in profits! The s&p etf is solid as a rock. If the us economy collapses, sinkapore will be swept along with it. So, the aaa rating makes no difference.

Many sinkees can retire comfortably but for the overpriced pigeon hole and the theft of our cpf returns.

simi backed by gov ?? Its no big deal being backed by any gov; they can always print money to pay you back.
Fiat money is backed only by other people's confidence.

I want my assets backed by gold ; silver and oil! Can the pap deliver this?

 

[Equalisation]

Dik, jangan smoke bomb lagi lah !:oIo:

 

[Hans168]

I did NOT get what bugs me.... but noticed the coordinated efforts in parlement, press and TV
Repeat iies many times & they become truth.

 

[johnny333]

I did NOT get what bugs me.... but noticed the coordinated efforts in parlement, press and TV
Repeat iies many times & they become truth.

Lies won't pay the bills. The "lesser mortals" won't forget & forgive on polling day.

 

[whoami]

MIW keep saying CPF is good for everyone. Then make it an option lah. Dont make it compulsory.

 

[tonychat]

what is the different between cpf and state money..isn't it the same?

another bullshit to snook sinkies...