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+--- Thread: GIC making more billions from CPF savings :CPF CEO backing away raising rates. (/Thread-GIC-making-more-billions-from-CPF-savings-CPF-CEO-backing-away-raising-rates)
GIC making more billions from CPF savings :CPF CEO backing away raising rates. - Scythian - 11-09-2022
GIC making more billions from CPF members savings from offshore higher interest rates, as now, CPF CEO backing away from raising interest rates..
It's Contrary to market norm.
Only CPF members are the losers.
RE: GIC making billions from CPF savings :CPF CEO backing away raising rates. - teaserteam - 11-09-2022
If they lost money, they asked u to pay them? Did they not allow Gov to use the earned money?
RE: GIC making billions from CPF savings :CPF CEO backing away raising rates. - Scythian - 11-09-2022
(11-09-2022, 09:31 AM)teaserteam Wrote: If they lost money, they asked u to pay them? Did they not allow Gov to use the earned money?
No different whether it's CPF Board or GIC to guarantee capital protection and interest rates obligations.
In fact, GIC can guaranteed a floor interest rate of 2.5,% pa or much higher ROI whichever is higher for the fiscal year.
CPF Board can disappear today.
RE: GIC making billions from CPF savings :CPF CEO backing away raising rates. - winbig - 11-09-2022
(11-09-2022, 01:10 PM)Scythian Wrote: No different whether it's CPF Board or GIC to guarantee capital protection and interest rates obligations.
In fact, GIC can guaranteed a floor interest rate of 2.5,% pa or much higher ROI whichever is higher for the fiscal year.
CPF Board can disappear today.
Money in CPF is capital guaranteed not protected. U better take all out and stop complaining. Bad for your health.
RE: GIC making billions from CPF savings :CPF CEO backing away raising rates. - Scythian - 11-09-2022
(11-09-2022, 01:32 PM)winbig Wrote: Money in CPF is capital guaranteed not protected. U better take all out and stop complaining. Bad for your health.
If GIC cannot offer such a simple financial structure..
Many others can
RE: GIC making billions from CPF savings :CPF CEO backing away raising rates. - winbig - 11-09-2022
(11-09-2022, 01:40 PM)Scythian Wrote: If GIC cannot offer such a simple financial structure..
Many others can
Then u should withdraw out all your CPF and put in others that can. Why r u so thick skinned still want to put in CPF?
RE: GIC making billions from CPF savings :CPF CEO backing away raising rates. - Scythian - 11-09-2022
(11-09-2022, 02:04 PM)winbig Wrote: Then u should withdraw out all your CPF and put in others that can. Why r u so thick skinned still want to put in CPF?
It's for the sake of everyone putting $$$ for old age in CPF Board Singapore
RE: GIC making billions from CPF savings :CPF CEO backing away raising rates. - Scythian - 11-09-2022
(11-09-2022, 02:04 PM)winbig Wrote: Then u should withdraw out all your CPF and put in others that can. Why r u so thick skinned still want to put in CPF?
"You can fool all the people some of the time, and some of the people all the time, but you cannot fool all the people all the time."
RE: GIC making billions from CPF savings :CPF CEO backing away raising rates. - singlon - 11-09-2022
![[Image: Screenshot-2022-09-11-at-14-32-40-SOTN-H...ing-at.png]](https://i.ibb.co/JvM2RbB/Screenshot-2022-09-11-at-14-32-40-SOTN-Has-a-New-Website-at-Stateofthe-Nation-co-No-More-Posting-at.png)
![[Image: Screenshot-2022-09-11-at-14-37-24-THE-CO...e-News.png]](https://i.ibb.co/KsXsdSY/Screenshot-2022-09-11-at-14-37-24-THE-COVID-19-EXTINCTION-LEVEL-EVENT-WHY-WHO-SOTN-Alternative-News.png)
RE: GIC making billions from CPF savings :CPF CEO backing away raising rates. - Scythian - 11-09-2022
(11-09-2022, 01:32 PM)winbig Wrote: Money in CPF is capital guaranteed not protected. U better take all out and stop complaining. Bad for your health.
.
No one ie not even the authority should deprive members rights of decent income generated from their hard-earned CPF savings
RE: GIC making billions from CPF savings :CPF CEO backing away raising rates. - Instinct - 11-09-2022
Using our cheap money to invest. Make money reward themselves first. Time they should pay the citizen more at least 1% more to the CPF OA.
RE: GIC making billions from CPF savings :CPF CEO backing away raising rates. - Scythian - 11-09-2022
(11-09-2022, 06:35 PM)Instinct Wrote: Using our cheap money to invest. Make money reward themselves first. Time they should pay the citizen more at least 1% more to the CPF OA.
They making money for themselves to be millionaires from investing our pension funds over 60 years at the expense of the people..
While 53% IE 440,000 pensioners receiving AVG $350 a monthly payouts
RE: GIC making billions from CPF savings :CPF CEO backing away raising rates. - Scythian - 12-09-2022
(11-09-2022, 06:35 PM)Instinct Wrote: Using our cheap money to invest. Make money reward themselves first. Time they should pay the citizen more at least 1% more to the CPF OA.
.
Why is CPF management so afraid to pay the correct market interest rates for our savings?
Clearly, all CPF members felt cheated.
RE: GIC making billions from CPF savings :CPF CEO backing away raising rates. - RiseofAsia - 12-09-2022
CPF cant retire happily. It is a known fact. Now with high inflation, it only makes matter worse.
They already informed LKKs to downgrade or sell the lease to fund their retirement.
Medical cost in Sg is damn farking high…
Make sure you must have enough $$$ to pay for the medishield premium.
I have seen some LKKs walk like penguins.
Better find way to strengthen your bone before it is too late.
RE: GIC making billions from CPF savings :CPF CEO backing away raising rates. - Scythian - 12-09-2022
(12-09-2022, 06:05 AM)RiseofAsia Wrote: CPF cant retire happily. It is a known fact. Now with high inflation, it only makes matter worse.
They already informed LKKs to downgrade or sell the lease to fund their retirement.
Medical cost in Sg is damn farking high…
Make sure you must have enough $$$ to pay for the medishield premium.
I have seen some LKKs walk like penguins.
Better find way to strengthen your bone before it is too late.
With 53% age pensioners age 65 and above unable to meet retirement requirements, obviously, the future looks bleak.
No way that our future generations could be better than today.
How can they survive with $350 a monthly payouts?
RE: GIC making billions from CPF savings :CPF CEO backing away raising rates. - ysh02 - 12-09-2022
Those $350 pm only put little saving in Cpf so how to get more ? .....only investment than can get higher returns.
RE: GIC making billions from CPF savings :CPF CEO backing away raising rates. - ysh02 - 12-09-2022
(12-09-2022, 08:10 AM)ysh02 Wrote: Those $350 pm only put little saving in Cpf so how to get more ? .....only investment than can get higher returns.
No forumers like to participate in this topics?
RE: GIC making billions from CPF savings :CPF CEO backing away raising rates. - Scythian - 13-09-2022
(12-09-2022, 08:10 AM)ysh02 Wrote: Those $350 pm only put little saving in Cpf so how to get more ? .....only investment than can get higher returns.
Over the years, Govt did not create well paid jobs for born Singaporeans but instead continuously replacing many PMET to an epidemic proportions with FTs.
An extremely large numbers locals ended jobless; and left many either under employed or switched to Bak Char Mee sellers.
Who's fault?
RE: GIC making billions from CPF savings :CPF CEO backing away raising rates. - Scythian - 13-09-2022
(12-09-2022, 10:55 AM)ysh02 Wrote: No forumers like to participate in this topics?
You are a funny guy..???
RE: GIC making billions from CPF savings :CPF CEO backing away raising rates. - sukhoi_mmd - 13-09-2022
(12-09-2022, 02:53 AM)Scythian Wrote: .Since you talk about being so afraid, can you share with everyone here how CPF interest rates are determined, so that we can see whether your talk is justified?
Why is CPF management so afraid to pay the correct market interest rates for our savings?
Clearly, all CPF members felt cheated.