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This guy has 800K in his CPF. (AK responds to HWZ Forum.)

A reader pointed me to a thread in HWZ Forum which discussed about my CPF savings being more than $800K. He wanted to clarify certain que...

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Sharing of anti-government websites.

Tuesday, October 10, 2017

Please do not share anti-government websites on my FB page or blog, especially those which oppose policies with spurious arguments.

From time to time, I had to delete such links.

These websites do nothing but to encourage ignorance and fan the flames of negative sentiments.

I welcome discussion on topics such as the CPF but not when it is apparent to me that the other party is opposing for the sake of opposing and using arguments which appeal to the heart and not the mind.

I said this on my FB wall just now when a reader posted a link to an anti-government website:

"No sharing of links to anti-government websites on my FB wall, please.

"Especially not those that do not even understand that an annuity (like CPF Life) is one of the best ways for most people to fund their retirement in their golden years."

Many of such websites are just out to sensationalize issues. 

They are more interested in pandering to an unhappy group of people.

Why not make an effort to understand how to make the system work for us instead of being frustrated and unhappy?

Worse, why make other people frustrated and unhappy?

Or are they quite happy with having a frustrated and unhappy audience they can pander to?

Or do they have a motive for making people frustrated and unhappy?

I don't read rubbishy stuff posted on websites like "Zhun Bo Singapura", do you?

Alamak. Don't.

Related post:
Would you rather have it or not?


AK71 said...

Prasad Rnv said...
With regard to anti govt websites, read them but keep an even mind based on your own experiences. Do not be swayed by the written word. Make a rational decision after sifting the truth. If you ignore all negative reports then you will then be the proverbial ostritch with its head buried in the sand.

AK said...
When we look at debt on its own, it is an incomplete picture.

There is a reason why a balance sheet is called a balance sheet.

Look at liabilities but must also look at assets.

Saying Singapore has high public debt and, therefore, we should be worried about the CPF seems like an effort to incite public panic.

TOC is one of those websites I do not bother visiting.

TOC could be a distraction for some seeking entertainment but I rather play MMORPGs for that. :p

AK71 said...

Yong Mann Wai said...
I read that article and looked through its citations.

Pretty clear that TOC cited the financial blogger out of context to fit their narrative (sound familiar)? At most, it is consistent with the ex-GIC guy whose view is for the government to use more of the surplus for our social welfare.

Also very clear that we have more than enough assets to cover all CPF liabilities, and if one doesn’t believe all the reported numbers, then one should not believe all financial reports from public or government entities.

AK said...
It is the standard operating procedure of TOC and their kind.

I would be quite surprised if they actually have the welfare of Singaporeans at heart.

AK71 said...

Central Provident Fund (CPF), will start using PayNow, which was launched in 2017 to allow for easy and immediate fund transfers, said Minister-in-charge of Smart Nation Initiative Vivian Balakrishnan in Parliament on Thursday (Mar 1).

... the agency will allow eligible CPF members over 55 years old to receive their lump sum withdrawal using PayNow in March this year. This, he added, will enable the funds to be transferred within the same day rather than the current turnaround time of five working days.

CPF said the service will be available from Mar 26.

AK71 said...

Reminder updated.

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