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+--- Thread: Our CPF is screwed up by billions of extremely low yield long term SGS Bonds (/Thread-Our-CPF-is-screwed-up-by-billions-of-extremely-low-yield-long-term-SGS-Bonds)
Our CPF is screwed up by billions of extremely low yield long term SGS Bonds - Scythian - 18-10-2022
Our CPF is screwed up by billions of extremely low yield long term SGS Bonds bought over the years.
On records, our CPF savings are largely exposed to historical low interest rates when facing higher inflation and surging global interest rates.
Our pension funds today, experiencing lost of opportunity costs which otherwise, would maximise returns for future retirement.
RE: Our CPF is screwed up by billions of extremely low yield long term SGS Bonds - Scythian - 18-10-2022
""Singaporeans' CPF monies are invested in these special securities which are fully guaranteed by the Government. The securities earn for the CPF Board a coupon rate that is pegged to CPF interest rates that members receive. All borrowing proceeds from the issuance of SGS and SSGS are invested.
7 Sept 2022"
"
RE: Our CPF is screwed up by billions of extremely low yield long term SGS Bonds - teaserteam - 18-10-2022
TS would b right one day after posting this post 4 the next 10 years and if CPF did not change their investment strategy or SGS bond rates still at this low level.
RE: Our CPF is screwed up by billions of extremely low yield long term SGS Bonds - Scythian - 18-10-2022
(18-10-2022, 06:31 AM)teaserteam Wrote: TS would b right one day after posting this post 4 the next 10 years and if CPF did not change their investment strategy or SGS bond rates still at this low level.
CPF CEO did not anticipating interest rates to suddenly spike up continuously.
He failed badly on the job.
RE: Our CPF is screwed up by billions of extremely low yield long term SGS Bonds - Scythian - 18-10-2022
(18-10-2022, 06:31 AM)teaserteam Wrote: TS would b right one day after posting this post 4 the next 10 years and if CPF did not change their investment strategy or SGS bond rates still at this low level.
It's unfair for 4.1 mio CPF members to suffer low interest exposure, and bear the loss of carrying interest rates risk while MAS and SWFs enjoying the long term benefits.
Where's the logic?
RE: Our CPF is screwed up by billions of extremely low yield long term SGS Bonds - Napoleon Porlumpar - 18-10-2022
(18-10-2022, 05:33 AM)Scythian Wrote: Our CPF is screwed up by billions of extremely low yield long term SGS Bonds bought over the years.
On records, our CPF savings are largely exposed to historical low interest rates when facing higher inflation and surging global interest rates.
Our pension funds today, experiencing lost of opportunity costs which otherwise, would maximise returns for future retirement.
low interests can keep the ponzi game going longer mah..............
RE: Our CPF is screwed up by billions of extremely low yield long term SGS Bonds - babygirl - 18-10-2022
(18-10-2022, 05:33 AM)Scythian Wrote: Our CPF is screwed up by billions of extremely low yield long term SGS Bonds bought over the years.
On records, our CPF savings are largely exposed to historical low interest rates when facing higher inflation and surging global interest rates.
Our pension funds today, experiencing lost of opportunity costs which otherwise, would maximise returns for future retirement.
RE: Our CPF is screwed up by billions of extremely low yield long term SGS Bonds - teaserteam - 18-10-2022
(18-10-2022, 07:46 AM)Scythian Wrote: CPF CEO did not anticipating interest rates to suddenly spike up continuously.
He failed badly on the job.
Y complain only now? when CPF interest was 2.5% and bank interest was <1% and for so many year, earn until laughing and Y never praise?
Is CPF not allowing u to buy house? what about investment in stock; also no? Y not do tt and stop complaining if u can do better than CPF?
Quote:In FY2021, about 443,000 members (83% of the total CPFIS-OA investors who had investments in FY2021) made total profits in excess of the CPF-OA interest rate of 2.5% p.a., 40,000 members in FY2021 (8%) made total profits equal to or less than the CPF-OA interest rate and 49,000 members in FY2021 (9%) made total losses.
https://www.cpf.gov.sg/content/dam/web/member/faq/documents/CPFIS_OA_PL_Report.pdf
RE: Our CPF is screwed up by billions of extremely low yield long term SGS Bonds - Scythian - 18-10-2022
.It's cheating..
CPF Board is making hell of a lot of $$$ at our expense by not raising interest r.ates.
How can they do that to us?
RE: Our CPF is screwed up by billions of extremely low yield long term SGS Bonds - Scythian - 18-10-2022
(18-10-2022, 09:32 AM)Napoleon Porlumpar Wrote: low interests can keep the ponzi game going longer mah..............
W/O checks and balances, Easily to make good $$$ and make members as scapegoats.
RE: Our CPF is screwed up by billions of extremely low yield long term SGS Bonds - Scythian - 18-10-2022
.
THey thought their jobs were so bloody easy IE keep on buying SGS Bonds with our CPF $$$ irrespective of interest going up or down.
Today, CPF CEO is stuck in a raising rates environment and he is doing nothing.
God bless him
RE: Our CPF is screwed up by billions of extremely low yield long term SGS Bonds - Scythian - 18-10-2022
(18-10-2022, 12:38 PM)teaserteam Wrote: Y complain only now? when CPF interest was 2.5% and bank interest was <1% and for so many year, earn until laughing and Y never praise?
Is CPF not allowing u to buy house? what about investment in stock; also no? Y not do tt and stop complaining if u can do better than CPF?
Tharman says 80% of those using their CPF to trade SGX lost money.
Why can't Govt allowed alternative professional fund managers to manage CPF savings?
RE: Our CPF is screwed up by billions of extremely low yield long term SGS Bonds - Scythian - 19-10-2022
.
No countries will withhold raising interest or do that just to cheat pensioners..
Unscrupulous behaviour
RE: Our CPF is screwed up by billions of extremely low yield long term SGS Bonds - Scythian - 19-10-2022
(19-10-2022, 05:39 AM)Scythian Wrote: .
No countries will withhold raising interest or do that just to cheat pensioners..
Unscrupulous behaviour
It's not their fault so, CPF members should be compensated and losses make good.
CPF Board should absorb the losses
RE: Our CPF is screwed up by billions of extremely low yield long term SGS Bonds - Scythian - 19-10-2022
"The Competition Act prohibits conduct that constitutes an abuse of a dominant position in a market, including conduct that protects, enhances or perpetuates the dominant position of an undertaking in ways unrelated to competitive merit."
RE: Our CPF is screwed up by billions of extremely low yield long term SGS Bonds - Scythian - 20-10-2022
(19-10-2022, 08:29 AM)Scythian Wrote: It's not their fault so, CPF members should be compensated and losses make good.
CPF Board should absorb the losses
CpF members got screwed