OCBC accepting CPF OA placement to FD @3.40%, then GIC shld offer a better choice. - Printable Version
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Dismantle CPF Board to give members a choice between GIC, Temasek and Bank FDs. - Scythian - 10-11-2022
Dismantle CPF Board to give members a choice between GIC, Temasek and Banks FDs
RE: Dismantle CPF Board to give members a choice between GIC, Temasek and Bank FDs. - Scythian - 10-11-2022
(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 $$$.
RE: Dismantle CPF Board to give members a choice between GIC, Temasek and Bank FDs. - Scythian - 10-11-2022
(10-11-2022, 06:48 AM)Scythian Wrote: "Since CPF CEO used average 3 months local Banks FDs @2.50% for fixing OA
Maybe members prefer to place pension savings with Banks FD 6 months @ 3.90% pa. Or longer terms Instead."
Rather than wasting everybody's time and $$$.
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
RE: Dismantle CPF Board to give members a choice between GIC, Temasek and Bank FDs. - mrclubbie - 10-11-2022
the interest rate by cpf is a joke now
RE: Dismantle CPF Board to give members a choice between GIC, Temasek and Bank FDs. - sukhoi_mmd - 11-11-2022
(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.
RE: Dismantle CPF Board to give members a choice between GIC, Temasek and Bank FDs. - cityhantam - 11-11-2022
Alex Tan is very sore!
Everyday comes here to stir!
RE: Dismantle CPF Board to give members a choice between GIC, Temasek and Bank FDs. - sukhoi_mmd - 11-11-2022
(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.
RE: Dismantle CPF Board to give members a choice between GIC, Temasek and Bank FDs. - Niubee - 11-11-2022
Talk is free. Free speech.
NATO.
RE: Dismantle CPF Board to give members a choice between GIC, Temasek and Bank FDs. - Scythian - 11-11-2022
(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
RE: Dismantle CPF Board to give members a choice between GIC, Temasek and Bank FDs. - Scythian - 11-11-2022
(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.
RE: Dismantle CPF Board to give members a choice between GIC, Temasek and Bank FDs. - Scythian - 11-11-2022
(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..
RE: Dismantle CPF Board to give members a choice between GIC, Temasek and Bank FDs. - cityhantam - 11-11-2022
(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?
RE: Dismantle CPF Board to give members a choice between GIC, Temasek and Bank FDs. - Manthink - 11-11-2022
(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
RE: Dismantle CPF Board to give members a choice between GIC, Temasek and Bank FDs. - Scythian - 11-11-2022
(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
RE: Dismantle CPF Board to give members a choice between GIC, Temasek and Bank FDs. - cityhantam - 11-11-2022
(11-11-2022, 03:46 PM)Scythian Wrote: Shall we meet for a drink a Boat Quay
Boat Quay in Melbourne ah?
RE: Dismantle CPF Board to give members a choice between GIC, Temasek and Bank FDs. - sukhoi_mmd - 11-11-2022
(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.
RE: Dismantle CPF Board to give members a choice between GIC, Temasek and Bank FDs. - Notdumb - 11-11-2022
(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.
RE: Dismantle CPF Board to give members a choice between GIC, Temasek and Bank FDs. - sukhoi_mmd - 11-11-2022
(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.
RE: Dismantle CPF Board to give members a choice between GIC, Temasek and Bank FDs. - sukhoi_mmd - 11-11-2022
(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."
RE: Dismantle CPF Board to give members a choice between GIC, Temasek and Bank FDs. - Niubee - 11-11-2022
(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.
RE: Dismantle CPF Board to give members a choice between GIC, Temasek and Bank FDs. - Ola - 11-11-2022
Money likely sink and shrink somewhere in their bad investments
No way PAP can grow those money back in the next 5 years
RE: Dismantle CPF Board to give members a choice between GIC, Temasek and Bank FDs. - Scythian - 11-11-2022
(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
RE: Dismantle CPF Board to give members a choice between GIC, Temasek and Bank FDs. - Scythian - 11-11-2022
(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.
RE: Dismantle CPF Board to give members a choice between GIC, Temasek and Bank FDs. - Scythian - 11-11-2022
(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
RE: Dismantle CPF Board to give members a choice between GIC, Temasek and Bank FDs. - Scythian - 12-11-2022
.
There's no reason why CPF buys SGS Bonds from MAS thru entitled lifetime .
Things have changed
RE: Dismantle CPF Board to give members a choice between GIC, Temasek and Bank FDs. - Napoleon Porlumpar - 12-11-2022
(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.............
RE: Dismantle CPF Board to give members a choice between GIC, Temasek and Bank FDs. - Stoki - 12-11-2022
Replace the ceo with an Oppo ceo
RE: Dismantle CPF Board to give members a choice between GIC, Temasek and Bank FDs. - cityhantam - 12-11-2022
(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 survive IF CPF members put $500 Bil to FDs with 3 local Banks - Scythian - 16-11-2022
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..
RE: Will CPF Board survive IF CPF members put $500 Bil to FDs with 3 local Banks - drgn - 16-11-2022
(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.