CPF Board holdings of SGS Govt Bonds blew a hole as MAS rate continued raises.
In past 3 years, those bonds were bought @ nearly close to zero yield while today, MAS rates have skyrocketed
Unanswered question:
How is CPF management going to manoeuvre out of twisted entanglement?
Kindly top up your CPF Account to help them to average.
(13-03-2023, 03:41 AM)Scythian Wrote: [ -> ]CPF Board holdings of SGS Govt Bonds blew a hole as MAS rate continued raises.
In past 3 years, those bonds were bought @ nearly close to zero yield while today, MAS rates have skyrocketed.
Unanswered question:
How is CPF management going to manoeuvre out of twisted entanglement?
Kindly top up your CPF Account to help them.
CPF Boards obligation:
CPF Savings $ => MAS => GIC
But GIC invested ROI. =/= > CPF members
So far MAS don't said our CPF invested where maybe we didn't invested there ?...
(13-03-2023, 05:59 AM)ysh02 Wrote: [ -> ]So far MAS don't said our CPF invested where maybe we didn't invested there ?...
Auditor General must audit and report CPF Boards performance and expose any mismanagement of our pension funds.
The humongous losses incurred on SGS Govt Bonds expiry over next 10 and 30 years.
That no future pensioners be left walking without his pants
(13-03-2023, 04:00 AM)singlon Wrote: [ -> ]This is similar happening in Silicon valley Banks
https://youtu.be/TyA77IbSwZ0?list=PL1yqR...2A6fY9b1Q0
.
IF today, CPF Board is a commercial bank, strong possibility, there will be a run.
Why?
Becoz CPF Board is the single largest SGS Govt long term Bonds holder..
Closely Similar situation to SVB, California.
can I go and withdraw my CPF money ?
This is rubbish. Their purchase of govt bonds match their liabilities with spare change....they are only paying 2.5%
(13-03-2023, 06:48 AM)Scythian Wrote: [ -> ]Auditor General must audit and report CPF Boards performance and expose any mismanagement of our pension funds.
The humongous losses incurred on SGS Govt Bonds expiry over next 10 and 30 years.
That no future pensioners be left walking without his pants
There are very few pensioners left and most of those still alive are lau kok kok ex civil servants
(13-03-2023, 07:58 AM)sgbuffett Wrote: [ -> ]This is rubbish. Their purchase of govt bonds match their liabilities with spare change....they are only paying 2.5%
Well that is how TH makes money..........................
(13-03-2023, 07:58 AM)sgbuffett Wrote: [ -> ]This is rubbish. Their purchase of govt bonds match their liabilities with spare change....they are only paying 2.5%
Despite documented OA interest rate to peg against average of banks FD rates (itself is questionable),
today's 2.50% pa is arbitrary fixed by CPF management.
Clearly, it's manipulation of pension funds.
(13-03-2023, 08:04 AM)debono Wrote: [ -> ]Well that is how TH makes money..........................
Not by skill and capability
But at over 4 mio CPF members expense
(13-03-2023, 08:01 AM)p1acebo Wrote: [ -> ]There are very few pensioners left and most of those still alive are lau kok kok ex civil servants
Yes the pension scheme are to those who are 72 years and above, and they are fast dying off............cos new gov. employees are on CPF schemes...............
CPF money is not mine but my son's money.
(13-03-2023, 08:07 AM)Scythian Wrote: [ -> ]Not by skill and capability
But at over 4 mio CPF members expense
Ish they playing roulette in the casino. More misses than hits
(13-03-2023, 08:10 AM)p1acebo Wrote: [ -> ]Ish they playing roulette in the casino. More misses than hits
bet on all 36 number, sure tio 1.
(13-03-2023, 08:09 AM)K88 shu shu Wrote: [ -> ]CPF money is not mine but my son's money.
It is a family's money...............................same same............
(13-03-2023, 08:11 AM)K88 shu shu Wrote: [ -> ]bet on all 36 number, sure tio 1.
(13-03-2023, 08:11 AM)K88 shu shu Wrote: [ -> ]bet on all 36 number, sure tio 1.
(13-03-2023, 08:11 AM)debono Wrote: [ -> ]It is a family's money...............................same same............
Sg govt very good, looking after our descendants : CPF and HDB for them after the parents uplorry.
(13-03-2023, 08:11 AM)K88 shu shu Wrote: [ -> ]bet on all 36 number, sure tio 1.
TH reported one hit covering full page but keeps silence on 35 misses
(13-03-2023, 08:17 AM)K88 shu shu Wrote: [ -> ]oops sorry, 0 eat all.
Can afford 36 contrarian
Nothing will happen to cpf. U can't even do a bank run on cpf..
.
One South Asian executive says if market goes down lower, we will buy to average.
Why?
Not my money lah
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