tag:blogger.com,1999:blog-7944902213075756335.post1440225218925338534..comments2024-03-28T23:00:40.055+08:00Comments on A Singaporean Stocks Investor (ASSI): The CPF is really a national PONZI scheme!AK71http://www.blogger.com/profile/16832145412062954289noreply@blogger.comBlogger17125tag:blogger.com,1999:blog-7944902213075756335.post-33699226860241773882023-11-17T09:23:37.931+08:002023-11-17T09:23:37.931+08:00A comment in my YouTube channel from @ljh2027:
I ...A comment in my YouTube channel from @ljh2027:<br /><br />I like that you used the letter as proof that this is not a Ponzi scheme. Quite a simple refutation that works all the same.<br /><br />Some additional points to share why CPF is not a Ponzi scheme:<br /><br />1. It fails when you consider our ageing population. We would be seeing a lot of warnings earlier with our dwindling younger AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-82365385876878888952018-12-11T13:30:29.873+08:002018-12-11T13:30:29.873+08:00Reader says...
Hi AK, would like to ask if the CPF...Reader says...<br />Hi AK, would like to ask if the CPF annual limit 37,740 is for statement month or payment date? i would like to do a voluntary contribution but need to do my homework if i will hit the cap or not since im expecting to get bonus in dec which the cpf will be paid in Jan 2019<br /><br /><br />AK says...<br />It is annual limit. <br />So, if you do VC now but the MC hits the limitAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-69609396766454579232018-07-29T23:36:35.699+08:002018-07-29T23:36:35.699+08:00AK Tan says...
(Instead of ASSI becomes ASCPFI) Ho...AK Tan says...<br />(Instead of ASSI becomes ASCPFI) How about ASCPFPonzi?<br /><br />AK says...<br />As you wish :pAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-60974998496189752142017-05-28T12:08:49.580+08:002017-05-28T12:08:49.580+08:00Hi Unknown,
Although I have much more than the FR...Hi Unknown,<br /><br />Although I have much more than the FRS in my CPF account, I continue to make voluntary contributions and I am probably going to keep doing this till I am 65 or maybe even older. This is because I believe it is the best investment grade bond I can get for my money and I believe in the stabilizing effect of having such bonds in my investment portfolio. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-89997021943531950982017-05-23T14:56:42.332+08:002017-05-23T14:56:42.332+08:00Hi Kevin,
Noble. Maybe, the Chinese people should...Hi Kevin,<br /><br />Noble. Maybe, the Chinese people should worry. ;pAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-90639777229862010182017-05-23T14:26:23.476+08:002017-05-23T14:26:23.476+08:00Hi AK,
Your reader probably mixed up SIA with no...Hi AK, <br /><br />Your reader probably mixed up SIA with noble group. :PKevinhttps://www.blogger.com/profile/16280702711941276740noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-27659772292381325532017-05-22T14:19:49.868+08:002017-05-22T14:19:49.868+08:00Reader:
With the recent news on SIA profit droppin...Reader:<br />With the recent news on SIA profit dropping and overall bad economy, some of them are encouraging those with a lot of CPF in their RA to withdraw the money and don't leave so much in CPF in case the CPF collapse and their funds will be lost..<br /><br />AK:<br />Alamak. :o<br />Ignorance is not bliss.AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-52525194315183130162016-02-22T10:52:07.339+08:002016-02-22T10:52:07.339+08:00Hi sgx fish,
I would think that is the case. :)Hi sgx fish,<br /><br />I would think that is the case. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-68712429862807745502016-02-22T10:51:52.467+08:002016-02-22T10:51:52.467+08:00Hi bQ,
Did I? Haha.
I am moving into full retir...Hi bQ,<br /><br />Did I? Haha. <br /><br />I am moving into full retirement. Will have to up the VC component this year.AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-77160955589834490622016-02-21T23:41:14.834+08:002016-02-21T23:41:14.834+08:00Hi AK,
Is the interest start from the date you con...Hi AK,<br />Is the interest start from the date you contribute including the excess you sent?Anonymoushttps://www.blogger.com/profile/08008144462543983224noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-76399453603876659722016-02-21T21:49:20.553+08:002016-02-21T21:49:20.553+08:00You just showed the world your annual income. Haha...You just showed the world your annual income. Haha. bQhttps://www.blogger.com/profile/06223462279131954932noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-84956968800279639212016-02-19T10:37:53.024+08:002016-02-19T10:37:53.024+08:00Hi Jimmy,
Thanks for the update. :)Hi Jimmy,<br /><br />Thanks for the update. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-58862919741459694932016-02-19T10:37:40.163+08:002016-02-19T10:37:40.163+08:00Hi sheep,
I think the employer contribution inclu...Hi sheep,<br /><br />I think the employer contribution includes my mandatory contribution submitted by my employer. ;)<br /><br />I usually like to contribute voluntarily early in the year so that I get more interest income. So, I make an estimate of how much my mandatory contribution for the year might be and send in a cheque to max out the limit. The drawback is that there is always excess AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-76189670585101423932016-02-19T10:33:45.205+08:002016-02-19T10:33:45.205+08:00Hi coconut,
I am sure there are others. LOL. ;)Hi coconut,<br /><br />I am sure there are others. LOL. ;)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-58488382350388174492016-02-18T17:36:00.168+08:002016-02-18T17:36:00.168+08:00With effect from 2016, it will be $37,740With effect from 2016, it will be $37,740Jimmy Lhttps://www.blogger.com/profile/09659458711759857129noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-56313848690371288422016-02-18T13:57:31.191+08:002016-02-18T13:57:31.191+08:00Hi AK, would like to clarify something. I thought ...Hi AK, would like to clarify something. I thought the CPF Annual Limit consists of mandatory contributions (MC) from both employer and employee and VC? What you have in your photo is just employer contributions and VC. Unless they mean the employer helps to contribute both of the employer and employee portions. Sorry haven't got such a letter before.<br /><br />Also, i would like to do a VC sheephttps://www.blogger.com/profile/01826112967455888018noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-59655864698204312122016-02-18T13:06:22.064+08:002016-02-18T13:06:22.064+08:00AK, i think whole singapore you are the only one w...AK, i think whole singapore you are the only one who received this kind of refund statement haha.<br /><br /><br /><br />coconuthttps://www.blogger.com/profile/09479603768240288905noreply@blogger.com