Banks FD rates are higher than our CPF savings means what? : Something isn't right.
#1

Banks FD rates are higher than our CPF savings means what?

Is it fair or distortion?
Who's Cheating?
Is it daylight Robbery ?
$$$ Trapped in Act of Dishonesty 

What else?
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#2

(04-09-2022, 08:58 AM)Scythian Wrote:  Banks FD rates are higher than our CPF savings means what?

Is it fair or distortion?
Who's Cheating?
Is it daylight Robbery ?
$$$ Trapped in Act of Dishonesty 

What else?

https://youtu.be/AOnYb8G0Ayg?t=9
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#3

Whoever loves money
Will never have enough
Keep and watch it grows
In the end others spend for you😊

 Answer not a fool according to his folly, lest you also be like him" (Proverbs 26:4)
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#4

Cpf rates will remain low to offset the pay of mini.stars lah
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#5

(04-09-2022, 09:05 AM)Stoki Wrote:  Cpf rates will remain low to offset the pay of mini.stars lah

CPF Board of Directors and CEO probably living in Timbuktu.
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#6

(04-09-2022, 09:04 AM)Lukongsimi Wrote:  Whoever loves money
Will never have enough
Keep and watch it grows
In the end others spend for you😊

.
It's the right time, CPF CEO should sell all outstanding holdings of SG Govt Bonds/Treasury Bills back to MAS, and then, place S$450 billions spreading among those commercial banks paying higher S$ FD interest rates.

It's a very simple investment strategy even those primary schools boys can do it, we don't need genius to do that.
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#7

(04-09-2022, 09:05 AM)Stoki Wrote:  Cpf rates will remain low to offset the pay of mini.stars lah

Then CPF CEO should return all our CPF savings to allow CPF members to put their hard earned $$$ with commercial banks @ higher FD interest rates instead.

It's to help CPF members to achieve higher and better returns for their future retirements
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#8

.

As always there's Nothing unusual for so-called highly paid intelligent people to keep quiet and remain silent when market trends are not in their favour.

Otherwise, they have big mouth
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#9

(04-09-2022, 09:23 AM)Scythian Wrote:  .
It's the right time, CPF CEO should sell all outstanding holdings of SG Govt Bonds/Treasury Bills back to MAS, and then, place S$450 billions spreading among those commercial banks paying higher S$ FD interest rates.

It's a very simple investment strategy even those primary schools boys can do it, we don't need genius to do that.

Actually banks can up n down their rates as they wish
But cpf can?

 Answer not a fool according to his folly, lest you also be like him" (Proverbs 26:4)
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#10

(04-09-2022, 11:13 AM)Lukongsimi Wrote:  Actually banks can up n down their rates as they wish
But cpf can?


CPF Board is sotong
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#11

(04-09-2022, 11:36 AM)Scythian Wrote:  CPF Board is sotong

Dunt you worry, thought you have withdrawn all your CPF already. Laughter-68
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#12

Lol risk free is paying less than risky deposit is expected lah... By right banks can bankrupt but not our CPF mah... Lol
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#13

(04-09-2022, 01:14 PM)Sticw Wrote:  Lol risk free is paying less than risky deposit is expected lah... By right banks can bankrupt but not our CPF mah... Lol

Hopefully they will lift CPF interest rate to help Sporeans fight high inflation. Huh
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#14

(04-09-2022, 01:26 PM)lvlrsSTI Wrote:  Hopefully they will lift CPF interest rate to help Sporeans fight high inflation. Huh

You knew being cheated now.

Since GIC is investing CPF $$$, CPF savings to be peg against GIC ROI..

Then, GIC refunds arrears owed for past 50 years to CPF members or CPF Board sue them in court..
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#15

HDB loan is 2.6%
If OA interest rate raise more than 2 6 %,
who will foot the losses?
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#16

(04-09-2022, 01:34 PM)Oasis Wrote:  HDB loan is 2.6%
If OA interest rate raise more than 2 6 %,
who will foot the losses?

In Australia, superannuation (pension savings) AVG ROI is 9.20% while housing loan is 3.25%

Real px
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#17

(04-09-2022, 01:37 PM)Scythian Wrote:  In Australia, superannuation (pension savings) AVG ROI is 9.20% while housing loan is 3.25%

Real px

No wonder they can live in relaxing lifestyle
CPF board needs to work double hard to achieve their standard
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#18

(04-09-2022, 11:36 AM)Scythian Wrote:  CPF Board is sotong

Salah lah shark lah

 Answer not a fool according to his folly, lest you also be like him" (Proverbs 26:4)
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#19

(04-09-2022, 01:33 PM)Scythian Wrote:  You knew being cheated now.

Since GIC is investing CPF $$$, CPF savings to be peg against GIC ROI..

Then, GIC refunds arrears owed for past 50 years to CPF members or CPF Board sue them in court..

On the other hand Superannuation funds in Australia also performed poorly in the past few months, prices drop like a rock.
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#20

(04-09-2022, 01:34 PM)Oasis Wrote:  HDB loan is 2.6%
If OA interest rate raise more than 2 6 %,
who will foot the losses?

2.6 is very Low, should increase to 3% to boost the economy
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#21

(04-09-2022, 02:05 PM)Oasis Wrote:  No wonder they can live in relaxing lifestyle
CPF board needs to work double hard to achieve their standard

He is talking about last year, in the past 6 months Australia’s super performed very poorly, dropped like a rock.

Relaxing lifestyle in Australia? Not anymore, that’s stereotype, high inflation (6.1), sky high property prices and high interest rates for housing loans squeeze them harder than Sporeans.
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#22

(04-09-2022, 02:12 PM)Lukongsimi Wrote:  Salah lah shark lah

An example of unscrupulous
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#23

(04-09-2022, 03:23 PM)Scythian Wrote:  An example of unscrupulous

No excuse

For whatever reason, CPF Board must increase interest rate to 3.25%
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#24

.
CPF management should be ashamed of dragging their feet and refusing to raise interest rates inline with commercial banks.
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#25

cut the pay for the party whom investment team.
I see their skills not up.
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#26

(04-09-2022, 07:30 PM)cf9 Wrote:  cut the pay for the party whom investment team.
I see their skills not up.

3rd division players..
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#27

(04-09-2022, 01:26 PM)lvlrsSTI Wrote:  Hopefully they will lift CPF interest rate to help Sporeans fight high inflation. Huh


Common sense isn't common
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#28

Still any more goondus topup cpf?
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