tag:blogger.com,1999:blog-7944902213075756335.post4372638058208050891..comments2024-03-28T10:39:01.047+08:00Comments on A Singaporean Stocks Investor (ASSI): What to do if we don't trust the CPF system?AK71http://www.blogger.com/profile/16832145412062954289noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-7944902213075756335.post-81018833796717734062018-08-18T18:03:19.866+08:002018-08-18T18:03:19.866+08:00Junda Huang says...
Indeed, a fake news article ...Junda Huang says... <br /><br />Indeed, a fake news article by straitstimesreview was very popular some time ago and shared widely, claiming Temasek has lost hundreds of millions and hence CPF monies are gone. <br /><br />When I pointed out the simple fact that CPF monies were not even handled by Temasek but rather by GIC, all sorts of conspiracy theories and accusations came up 🙄AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-71867917322694991842018-08-18T16:35:31.774+08:002018-08-18T16:35:31.774+08:00Global economic growth and booming share markets h...Global economic growth and booming share markets helped Temasek Holdings hit record numbers last year, but it warned that near-term risks are on the horizon.<br /><br />The investment firm reported yesterday that its net portfolio value hit a new high of $308 billion in the 12 months to March 31 - the first time it had exceeded $300 billion, and up $33 billion from a year earlier. Its one-year AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-90757989156208527112018-08-18T16:26:36.691+08:002018-08-18T16:26:36.691+08:00Chris Lim said...
When the CPF is run by trustwort...Chris Lim said...<br />When the CPF is run by trustworthy organisation and people, I will agree with what you have stated about CPF being the only bond investment we need and shall do.<br /><br />However an article, "880,000 pensions hit by Japan investment scandal", I read years ago boggles my mind till today. I also remember reading about how Temasak lost big chunk of money somewhere AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-80476759927285503012017-10-10T13:56:21.394+08:002017-10-10T13:56:21.394+08:00Winston Wee on my FB wall:
CPF has benefited a hu...Winston Wee on my FB wall:<br /><br />CPF has benefited a huge majority of Singaporeans including myself, in terms of helping to pay off my house and providing a monthly sum after my retirement. <br /><br />In any scheme or policy, it is meant to benefit the large majority. There will always be some, who for some reasons or other, fall through the crack. There will be some who will take issue AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-14403147203987496192017-10-08T23:51:50.088+08:002017-10-08T23:51:50.088+08:00SG John:
See lah, see lah...already told you...whe...SG John:<br />See lah, see lah...already told you...when you talk CPF, you are assuming every damn thing won't changed, unknowing ...one day, policies can be changed again, eg. the magic number 55, as promised by dad, changed by ah son, don't know ah grand son will do what later?<br /><br />ASSI AK:<br />I have no trouble accepting changes which are reasonable. ;)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-32476876351617419412017-10-08T22:22:10.340+08:002017-10-08T22:22:10.340+08:00Reader said...
Again about CPF monies.
I think we ...Reader said...<br />Again about CPF monies.<br />I think we cannot remove this doubt about our CPF monies management and the books were never transparent to us.<br />Just something said can be quite true how cpf monies affect 4 groups of people in SG....<br /><br />1. Ah Kow is a Malaysian from Penang. He came to work in Singapore and became a Permanent Resident. After decades of working in AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-31504533740722898212017-06-24T09:48:43.701+08:002017-06-24T09:48:43.701+08:00Hi Spur,
CPF forms a cornerstone of my retirement...Hi Spur,<br /><br />CPF forms a cornerstone of my retirement funding strategy. I doubt CPF Life would cater for 100% of my funding needs when I turn 65.<br /><br />Having said that, whatever I have done in the last 20 years is geared towards having an option for a more substantial amount to withdraw from my CPF account at age 55.<br /><br />So, although I have said that the CPF is a cornerstone, AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-28945740148953506372017-06-23T11:54:16.608+08:002017-06-23T11:54:16.608+08:00I used to know some people who tried to circumvent...I used to know some people who tried to circumvent the CPF system by having their company registered in some tax haven like Cayman Islands or BVI, paying minimal local salaries, and transferring the bulk of the company's profits & revenues to those overseas tax haven banks. Once in a while, monies will be transferred to the employees' local bank accounts as "gifts".<br /><brSpurhttps://www.blogger.com/profile/11824813457786462446noreply@blogger.com