Dismantle CPF Board to give members a choice between GIC, Temasek and Banks FDs
(10-11-2022, 06:37 AM)Scythian Wrote: [ -> ]Dismantle CPF Board to give members a choice between GIC, Temasek and Banks FDs
"Since CPF CEO used average 3 months local Banks FDs @2.50% for fixing OA
Maybe members prefer to place pension savings with Banks FD 6 months @ 3.90% pa. Or longer terms Instead."
Rather than wasting everybody's time and $$$.
(10-11-2022, 06:48 AM)Scythian Wrote: [ -> ]"Since CPF CEO used average 3 months local Banks FDs @2.50% for fixing OA
Maybe members prefer to place pension savings with Banks FD 6 months @ 3.90% pa. Or longer terms Instead."
Rather than wasting everybody's time and $$$.
The hard truth is CPF Board is incapable of managing complex pension funds and wealth strategies better than GIC, Temasek and Banks FD managers (as CPF uses it to fix OA).
Certainly, GIC and Temasek can gaurantee minimum floor rate of 2.50%pa. and paying higher ROI yearly.
Suggest risk free strategy
40% placed with GIC
30% placed with Temasek
30% placed with Banks FD 6/12 months
the interest rate by cpf is a joke now
(10-11-2022, 06:48 AM)Scythian Wrote: [ -> ]"Since CPF CEO used average 3 months local Banks FDs @2.50% for fixing OA
Maybe members prefer to place pension savings with Banks FD 6 months @ 3.90% pa. Or longer terms Instead."
Rather than wasting everybody's time and $$$.
Mr Aussieland, I strongly recommend you check up what is the arrangement before you continue to mislead people. It's not up to CPF CEO to decide. It's for ministry of manpower and ministry of finance to decide how CPF funds are managed.
Alex Tan is very sore!
Everyday comes here to stir!
(10-11-2022, 06:37 AM)Scythian Wrote: [ -> ]Dismantle CPF Board to give members a choice between GIC, Temasek and Banks FDs
Mr Aussieland, you're talking rubbish here. Dismantle CPF Board? Who's going to handle all the incoming CPF contributions every month and chase employers who don't pay. Who's going to run the many cpf schemes? You mean set up another statutory board to take over all the stuff that CPFB is now doing? LOL you really TCSS.
Talk is free. Free speech.
NATO.
(11-11-2022, 10:19 AM)sukhoi_mmd Wrote: [ -> ]Mr Aussieland, you're talking rubbish here. Dismantle CPF Board? Who's going to handle all the incoming CPF contributions every month and chase employers who don't pay. Who's going to run the many cpf schemes? You mean set up another statutory board to take over all the stuff that CPFB is now doing? LOL you really TCSS.
No brainer
.
To save a lot of taxpayers money , maybe GIC recommending CPF Board and staff to become GIC back-office reporting to GIC CEO.
It's becomes a part of GIC establishment
(11-11-2022, 10:18 AM)cityhantam Wrote: [ -> ]Alex Tan is very sore!
Everyday comes here to stir!
If you are happy with OA @2.50%< I m happy too.
(11-11-2022, 10:16 AM)sukhoi_mmd Wrote: [ -> ]Mr Aussieland, I strongly recommend you check up what is the arrangement before you continue to mislead people. It's not up to CPF CEO to decide. It's for ministry of manpower and ministry of finance to decide how CPF funds are managed.
CPF cannot invest
CPF give lower interest 2.50% far below Banks FD
CPF Board cannot transfer pension $ to GIC
CPF keeping quiet since 1 Oct fixing OA @ 2.50%
CPF not interested in.maximizing ROI for retirees
CPF fixing OA based on Banks 3m FD.
Etc..
(11-11-2022, 11:58 AM)Scythian Wrote: [ -> ]If you are happy with OA @2.50%< I m happy too.
I know you are very sore that you cannot come back to Sg.
BTW, are you eating leftover food in Australia?
(11-11-2022, 02:52 PM)cityhantam Wrote: [ -> ]I know you are very sore that you cannot come back to Sg.
BTW, are you eating leftover food in Australia?
AU$1.00 = S$0.91 
(11-11-2022, 02:52 PM)cityhantam Wrote: [ -> ]I know you are very sore that you cannot come back to Sg.
BTW, are you eating leftover food in Australia?
Shall we meet for a drink a Boat Quay
(11-11-2022, 03:46 PM)Scythian Wrote: [ -> ]Shall we meet for a drink a Boat Quay
Boat Quay in Melbourne ah?
(11-11-2022, 11:55 AM)Scythian Wrote: [ -> ]No brainer
.
To save a lot of taxpayers money , maybe GIC recommending CPF Board and staff to become GIC back-office reporting to GIC CEO.
It's becomes a part of GIC establishment
No brainer? It's more like brainless, to be honest. Please for goodness sake, do your research into what the set-up and objectives are for CPF Board and GIC before making hare-brained suggestions from Aussieland. Gawd, you really know how to talk rubbish.
(11-11-2022, 02:52 PM)cityhantam Wrote: [ -> ]I know you are very sore that you cannot come back to Sg.
BTW, are you eating leftover food in Australia?
He's a nice guy lah.
Only shitexchange beg for leftover food here.
(11-11-2022, 01:56 PM)Scythian Wrote: [ -> ]CPF cannot invest
CPF give lower interest 2.50% far below Banks FD
CPF Board cannot transfer pension $ to GIC
CPF keeping quiet since 1 Oct fixing OA @ 2.50%
CPF not interested in.maximizing ROI for retirees
CPF fixing OA based on Banks 3m FD.
Etc..
Omg, you really are talking so much without bothering to understand the system. You talk like you're some guru sitting in aussieland, honestly dude, get a life. do research more before you post. But it's obvious you'll keep posting rubbish because it gives you something to look forward to everyday. Please lah, volunteer your brains to aussieland, they're in deep shite and need your generous help.
(11-11-2022, 01:56 PM)Scythian Wrote: [ -> ]CPF cannot invest
CPF give lower interest 2.50% far below Banks FD
CPF Board cannot transfer pension $ to GIC
CPF keeping quiet since 1 Oct fixing OA @ 2.50%
CPF not interested in.maximizing ROI for retirees
CPF fixing OA based on Banks 3m FD.
Etc..
Your style is to keep posting new threads and do hit and run. I'm still waiting for you to substantiate your claim that you made a few days ago, which I'm pasting here for your easy reference, about where you pluck the $350 figure from. You manufactured the figure, izzit?
"
The PAP govt staying on for so long and yet, CPF pension funds manager cannot maximize returns to meet most members retirement needs.IE growing more than 450,000 age 65 and above received payout AVG $350 per.month. Something drastic needed to be done."
(10-11-2022, 06:37 AM)Scythian Wrote: [ -> ]Dismantle CPF Board to give members a choice between GIC, Temasek and Banks FDs
Renounce yr citizenship and take yr money elsewhere. Put it in crypto or FTX.
Money likely sink and shrink somewhere in their bad investments
No way PAP can grow those money back in the next 5 years
(11-11-2022, 04:57 PM)Niubee Wrote: [ -> ]Renounce yr citizenship and take yr money elsewhere. Put it in crypto or FTX.
Temasek invested in FTX initial $420 mio launch for investor..
What happened now
I missed the boat
(11-11-2022, 04:26 PM)sukhoi_mmd Wrote: [ -> ]Omg, you really are talking so much without bothering to understand the system. You talk like you're some guru sitting in aussieland, honestly dude, get a life. do research more before you post. But it's obvious you'll keep posting rubbish because it gives you something to look forward to everyday. Please lah, volunteer your brains to aussieland, they're in deep shite and need your generous help.
You are most welcomed to make correction and debate on each of and every one I posted.
(11-11-2022, 04:57 PM)Niubee Wrote: [ -> ]Renounce yr citizenship and take yr money elsewhere. Put it in crypto or FTX.
I wondered you are being deliberately obtuse
.
There's no reason why CPF buys SGS Bonds from MAS thru entitled lifetime .
Things have changed
(10-11-2022, 06:37 AM)Scythian Wrote: [ -> ]Dismantle CPF Board to give members a choice between GIC, Temasek and Banks FDs
no use lah bro..................i reckon 2/3 of the money there already gone into the sea................
JP Morgan and Goldman Sachs have this to say about GIC and Temasek (investing our CPF money).................
1) these 2 are like gamblers in a casino................
2) these 2 are investing blindfolded.............
Replace the ceo with an Oppo ceo
(11-11-2022, 04:25 PM)Notdumb Wrote: [ -> ]He's a nice guy lah.
Only shitexchange beg for leftover food here.
He is :
![[Image: Screen-Shot-2019-11-29-at-10.59.29-AM.png]](https://theindependent.sg/wp-content/uploads/2019/11/Screen-Shot-2019-11-29-at-10.59.29-AM.png)
.
.
Will CPF Board able to survive IF CPF members put all $500 Bil to FDs with 3 local Banks?
Then, nothing for CPF management to do..
(16-11-2022, 05:20 PM)Scythian Wrote: [ -> ]Will CPF Board able to survive IF CPF members put all $500 Bil to FDs with 3 local Banks?
Then, nothing for CPF management to do..
cannot, based on the existing rule.
don't keep on complaining about CPF when you are not sure about the rules.
no one will care about you if you continue to do so, others just treat as barking from neighbour's dog.