GIC investment returns fails to meet CPF interest rates 40% of the time

[hofmann]

"In eight of the past 20 years, said Mr Tharman, the GIC's investment returns had fallen below the interest guaranteed on CPF savings, and the Government has had to rely on its net assets to make up for the shortfall.

The Government's net assets, and Singapore's reserves, had therefore reduced in these years."

http://www.straitstimes.com/the-big...dpm-tharman-why-assets-investment-buffer-not-

 

[Cestbon]

Why?? Below 4%??
Bad management group.
Just see other fund management average return in pass 20% is above 6%.

 

[Seee3]

Hopefully that is not the reason for the introduction of CPF life. In the past, the min sum in RA is guaranteed 4%. With CPF life, the guarantee is quietly removed with the introduction of variable monthly payout subject to the performance of the investment.

 

[Boliao]

Why?? Below 4%??
Bad management group.
Just see other fund management average return in pass 20% is above 6%.

Couldn't agree more. An average fund manager would make at least 8% pa.

 

[mojito]

That is why we need GST to help the poor returns.

 

[Papsmearer]

Why?? Below 4%??
Bad management group.
Just see other fund management average return in pass 20% is above 6%.

U are wrong, read it again. Its not below 4%, its below 2.5%, the CPF guaranteed interest rate. Its incredible these fucktards paid millions in bonuses cannot even make more than a 2.5% return.

 

[Boliao]

U are wrong, read it again. Its not below 4%, its below 2.5%, the CPF guaranteed interest rate. Its incredible these fucktards paid millions in bonuses cannot even make more than a 2.5% return.

Fixed D or US treasury bonds would have yielded more than that. This is absurd, beyond belief.

 

[congo9]

If they put the money into dow Jones since 2008, we will be boom town charlie. No bonuses, not much work. Our money will double.

 

[laksaboy]

If they put the money into dow Jones since 2008, we will be boom town charlie. No bonuses, not much work. Our money will double.

Well, Ho Ching did put a lot of money into Merrill Lynch.

 

[johnny333]

Let me ask a silly question. If they can't even achieve a return that is considered average then was anyone fired or their bonuses docked

 

[J92bNp]

Let me ask a silly question. If they can't even achieve a return that is considered average then was anyone fired or their bonuses docked

No. because their KPI is set very low. As long as turn up for work considered hit KPI already. Can get bonus.

 

[Papsmearer]

Let me ask a silly question. If they can't even achieve a return that is considered average then was anyone fired or their bonuses docked

CPF is a big scam. They take the money from you on the basis that you are unable to manage your own retirement funds, so they must do it for you. But than, it turns out they are much worse than the average investor, who could have put his money into index funds from the DJIA or S & P 500 and performed double digit returns without even bothering to do much research other which index linked fund has the lowest MERs (management expense ratio). On top of their poor performance by the GIC, the PAP keeps putting obstacles in the way of people who want to withdraw it for their retirement (such as minimum sum increases). U can see why they make it harder to withdraw. There is no money left in there.

 

[escher]

CPF is a big scam. They take the money from you on the basis that you are unable to manage your own retirement funds, so they must do it for you. But than, it turns out they are much worse than the average investor, who could have put his money into index funds from the DJIA or S & P 500 and performed double digit returns without even bothering to do much research other which index linked fund has the lowest MERs (management expense ratio). On top of their poor performance by the GIC, the PAP keeps putting obstacles in the way of people who want to withdraw it for their retirement (such as minimum sum increases). U can see why they make it harder to withdraw. There is no money left in there.

Hang those PAP maggots cockroaches with piano wires from lamp posts to make them dance before it is too late and we have no more CPF to get back.
BBQ those PAP maggots cockroaches before it is too late and we have no more CPF to get back.
Cut a few more arseholes into those PAP maggots cockroaches to let out their shit before it is too late and we have no more CPF to get back.
Make those PAP maggots cockroaches eat joss sticks and candle wax before it is too late and we have no more CPF to get back.

 

[Hans168]

But fat hogs still get paid by the millions plus bonuses and perks..... Flying first class wit frequently flyer mileage which they use to jiak hong with family....wtf

 

[Hans168]

fixed d or us treasury bonds would have yielded more than that. This is absurd, beyond belief.

very simple : Just dump all funds in warren buffet's companies.....

 

[Papsmearer]

But fat hogs still get paid by the millions plus bonuses and perks..... Flying first class wit frequently flyer mileage which they use to jiak hong with family....wtf

Yup, flying first class all over the world to open offices. China got 2 GIC offices, one in Shanghai and one in Beijing. Why need 2 offices? Probably staffed by their relatives or cronies with nice accommodation and pay package. probably got company car and driver too. US also go 2 offices, one in San fran and the other in NYC. For fuck, I don't know. Now, even Brazil got office. How many offices does Warren Buffet have? One. He is still based out of nebraska, every year, his AGM is held in Omaha. Who the fuck goes there? The PAP assholes go after flash and show, but no substance as proven by their poor investment record. Unlike Warren Buffet, who is not flashy at all (still drives his old pickup truck) but has tons of substance.

 

[dr.wailing]

No. because their KPI is set very low. As long as turn up for work considered hit KPI already. Can get bonus.

You're so right. The directors, managing directos, vice-presidents and presidents of the respective subsidiaries sit on many other companies' boards.

You forgot to mention one important KPI: the ability to porlumpar Pinky.

 

[johnny333]

....Unlike Warren Buffet, who is not flashy at all (still drives his old pickup truck) but has tons of substance.

He actually drives a 9 year old Cadillac

 

[mojito]

He actually drives a 9 year old Cadillac

9 years?

These ang mohs are so silly! Should make laws to limit age of cars on road to 10 years and conduct annual inspections. That is how governments and businesses can make money together.