![](https://i.imgur.com/CLvY2jA.png")
07-08-2022, 11:31 AM
One of the biggest disappointments is the CPFIS.
Instead of creating a scheme to benefit Singaporeans as much as possible, the govt tried to aid the fund management industry when years charged high annual fees on funds managed this caused many to lose money.
We were not allowed to buy the best funds and best stocks. Access to proven funds and low cost etf is poor.
Instead of educating people on proper investing suited for retirement...eg Dollar cost averaging and diversification. People are made to think that jnvesting is dangerous....you can lose. This exposes CPF account holders to risk of inflation as they simply aim for low fixed returns.
There are many success stories like 401Ks and best practices that are not adopted by the Singapore govt.
Their performance here is disappointing
Instead of creating a scheme to benefit Singaporeans as much as possible, the govt tried to aid the fund management industry when years charged high annual fees on funds managed this caused many to lose money.
We were not allowed to buy the best funds and best stocks. Access to proven funds and low cost etf is poor.
Instead of educating people on proper investing suited for retirement...eg Dollar cost averaging and diversification. People are made to think that jnvesting is dangerous....you can lose. This exposes CPF account holders to risk of inflation as they simply aim for low fixed returns.
There are many success stories like 401Ks and best practices that are not adopted by the Singapore govt.
Their performance here is disappointing
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
