This guy is prepared to make Singaporeans lose money big time

[steffychun]

Let GIC manage savings of CPF members

I CONGRATULATE the Government of Singapore Investment Corporation (GIC) on its 30th anniversary for admirably investing Singapore's reserves ('PM: New govt to seek political support for policies'; Tuesday).

Singaporeans can currently leave their funds with the Central Provident Fund (CPF) Board, or invest them through the CPF Investment Scheme (CPFIS).

The CPF ordinary account currently returns 2.5 per cent interest, and the special account 4 per cent. These are good returns given the low risks, but inappropriate for a long-term retirement fund, which needs to beat inflation.

Investing through the CPFIS requires the ability to pick the right funds, but investors often select funds that are not well-diversified and which charge too high fees. A better alternative would be to give Singaporeans the option of having their CPF money managed by GIC.

MM Lee has said that compared with the popular high-return asset class of equities, which returned 10.2 per cent per annum in nominal US dollar terms since 1981, the GIC portfolio made comparable returns with less risk.

This is far better than what the CPF Board currently offers.

Choo Shuo-yen

 

[da dick]

4 percent is not bad if they didn't artificially keep inflation up ,and loan/saving interest rates down.

 

[cashman999]

wah like that also can ah??

might as well say we all give our cpf to mdm ho to manage....they say got 18% pa returns wor....

hehe...that guy is a porlumpar...but i like to think he is trying to tell govt the 2.5% is peanuts...they should give more....

 

[streetsmart73]

hi there


1. is this part of the listening thing that sheep blah about?
2. or the emotional connection that it vomitted?

 

[Cruxx]

Another Paul Lampard

 

[steffychun]

Perhaps he should email MM and say, i'll give you all my cash and am ready to get bankrupt.

 

[LeMans2011]

CPF funds is currently lent to the govt via purchase of SG Govt Bonds. Together with other surpluses, SG Govt in turn appoints Temasek and GIC to manage all the funds at its disposal, including money borrowed from CPF.

INDIRECTLY GIC is already meddling with your CPF money, except that right now the govt is still obliged to make fixed coupon rate interest payment to CPF, even if Temasek or GIC lose money. As long as the govt does not go bust, your CPF money is safe, because it is unlikely they will default other than in a political turmoil.

This fella porlumpar itchy backside wants GIC to manage his money directly. What an idiot ! He should just send a cheque to Ho Jinx

 

[steffychun]

CPF funds is currently lent to the govt via purchase of SG Govt Bonds. Together with other surpluses, SG Govt in turn appoints Temasek and GIC to manage all the funds at its disposal, including money borrowed from CPF.

INDIRECTLY GIC is already meddling with your CPF money, except that right now the govt is still obliged to make fixed coupon rate interest payment to CPF, even if Temasek or GIC lose money. As long as the govt does not go bust, your CPF money is safe, because it is unlikely they will default other than in a political turmoil.

This fella porlumpar itchy backside wants GIC to manage his money directly. What an idiot ! He should just send a cheque to Ho Jinx

"Dear esteemed Ho,

I hereby give you my whole POSB account for you to waste.

Sincerely,


Choo Shuo-yen