CPF was "100 per cent safe''

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(26-03-2015, 01:15 PM)SincereKen Wrote: An inaugural revamped cpf system - It is more about the government's expectations and alignment of interests towards stakeholders. The Minimum Sum is one of the many sources to make ends meet.

At the very least, Singapore is doing its part to promote financial literacy such as investments, savings and insurance. It's really up to (us) citizens to shoulder such responsibilities. The noises out there, usually without sensible solutions, are not intimidating as rationals can maintain peace.

After digesting 15 pages of diplomatic cpf-debates, (my) eyes went blurry. Judging from sensible rationalizations & experiences, (most) VB audiences can be (my) Papa :p
Hint: still in ns here, serve to protect all of you including foreigners Smile

Question: How can (we) VB reached out to more Singaporeans with a good purpose of promoting financial literacy?
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To share and spread the knowledge with your family members, children, friends and colleagues is one way to promote financial literacy. This process may be slow but will surely increase the number of people to better understand them.

Help your young children to invest their ang pow money or saving when they are young and then show them how their money grows and by generating passive incomes. Most of them will start showing an interest in investing when they are in secondary school, JC or polytechnic.

For sharing.
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Having knowledge is just one part...

"There can be now knowledge without emotion.
We may be aware of a truth, yet until we have felt its force, it is not ours.
To the cognition of the brain must be added the experience of the soul"

Arnold Bennett
27 May 1867 – 27 March 1931

Smile
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(26-03-2015, 08:08 PM)retired1again Wrote: To share and spread the knowledge with your family members, children, friends and colleagues is one way to promote financial literacy. This process may be slow but will surely increase the number of people to better understand them.

Help your young children to invest their ang pow money or saving when they are young and then show them how their money grows and by generating passive incomes. Most of them will start showing an interest in investing when they are in secondary school, JC or polytechnic.

For sharing.

Its a whole package under financial literacy. Not just investment knowledge. There is the other aspect of wealth management and financial discipline. Its worrying to read of news that the youngsters of today are more prone to credit card debts and ever bigger amounts of mortgages. At the same time, its of pressing concern that people of today are picking up what it means to spend wisely and balance spendings against savings and (of course) investing their money.

Unfortunately, the lines between investment and speculation are always so unclear.

How many more bmw and merc have we seen on singapore roads over the past 2 decades? Its either a reflection of economic achievement or more hedonistic lifestyles backed by debt.

Covering the aspect of investments is one tiny step in this way forward. Insurance is also another that has to be heavily promoted, so that as to manage the medical costs.
The thing I am scared most is not nightmares or market crashes..... Its my greed that I fear the most.

When people ask what is my target price, I never have any good answer for it because Philip Fisher said before (in Common Stock Uncommon Profit) that the best time to sell is never. Equity investment is buying into ownership, not betting slips.

The path to greatness and wealth is necessarily dangerous.... because greed is a fearsome fore that threatens your success at every step.
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(26-03-2015, 01:15 PM)SincereKen Wrote: An inaugural revamped cpf system - It is more about the government's expectations and alignment of interests towards stakeholders. The Minimum Sum is one of the many sources to make ends meet.

At the very least, Singapore is doing its part to promote financial literacy such as investments, savings and insurance. It's really up to (us) citizens to shoulder such responsibilities. The noises out there, usually without sensible solutions, are not intimidating as rationals can maintain peace.

After digesting 15 pages of diplomatic cpf-debates, (my) eyes went blurry. Judging from sensible rationalizations & experiences, (most) VB audiences can be (my) Papa :p
Hint: still in ns here, serve to protect all of you including foreigners Smile

Question: How can (we) VB reached out to more Singaporeans with a good purpose of promoting financial literacy?

Many Singaporeans knows, but they choose to ignore. Many knows that overspending can lead them to heavy debt, but yet they still choose to enjoy today, suffer tomorrow.

Information on financial literacy is everywhere. Google the internet and many websites will be listed. In the newspapers, I often see many whole pages regarding MediShield Life, CPF Life, etc. But how many really go and read them? They simply flip over the pages and look at advertisements. Many gave the reason of being too busy.

Maybe by pushing financial literacy into the main education stream may help. At least when there is exams, the students will have to study, and maybe understand it. Then maybe they will be a little more conscious on handling their own money in future.

For those who choose to stay ignorant, I doubt any help for them is basically useless.
I have nothing else to say.
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If knowing what to do is as easy as doing what you know; like knowing it is very dangerous to invest in S Chips but i did.
WB:-

1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.

Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.

NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
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(27-03-2015, 05:22 PM)Temperament Wrote: If knowing what to do is as easy as doing what you know; like knowing it is very dangerous to invest in S Chips but i did.

This is never-ending. Since I "started it", I might as well say something.

What is sovereignty? Where did we get that idea from? How do we know our money is worth what it's worth - like forever for argument's sake? How do we "punish" serious violators - same as other classifications of criminals? (better than that) Is it possible law-makers run afoul of the law themselves (yes, it's possible - why not)?

What are you going to do about it? (and what are you going to do when someone keeps talking like this; increase capacity at tertiary institutions?) Tongue
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(26-03-2015, 08:08 PM)retired1again Wrote: To share and spread the knowledge with your family members, children, friends and colleagues is one way to promote financial literacy. This process may be slow but will surely increase the number of people to better understand them.

Help your young children to invest their ang pow money or saving when they are young and then show them how their money grows and by generating passive incomes. Most of them will start showing an interest in investing when they are in secondary school, JC or polytechnic.

For sharing.

Hi Uncle,

Thank you for sharing. Indeed, I only started approximately mid-poly which to me, relatively later than teens nowadays, and aspire to promote to (at least) Singaporeans. Reason being, some of my friends aim for bmw & merc - a shock of my life - and this 'face' value perception has to recede.

Based on cpf-enhancement initiatives, I'm elated to share views on cpf as it's more viable now and slightly more transparent. Nobody of my age believes me when I said cpf is good for them :o hmmmmmm..
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(27-03-2015, 05:50 PM)tikam tikam Wrote:
(27-03-2015, 05:22 PM)Temperament Wrote: If knowing what to do is as easy as doing what you know; like knowing it is very dangerous to invest in S Chips but i did.

This is never-ending. Since I "started it", I might as well say something.

What is sovereignty? Where did we get that idea from? How do we know our money is worth what it's worth - like forever for argument's sake? How do we "punish" serious violators - same as other classifications of criminals? (better than that) Is it possible law-makers run afoul of the law themselves (yes, it's possible - why not)?

What are you going to do about it? (and what are you going to do when someone keeps talking like this; increase capacity at tertiary institutions?) Tongue

Good evaluation Smile

Sovereign Wealth Fund - state-owned cannot be dictated by non-governing personnel like us. Sad to say, it seems that (we) possessed an enormous reserve but without the need to educate general public with a tiny speck of investment.

Must we go till the extend of youngsters, of my age, to declare bankrupt resulting to an upheaval, with collaterals being seized by creditors, then some heroes perform remedy?

Just fathom interest rate hike, SIBOR or SOR, how many young folks with gigantic mortgages can fend off banks' revaluations on properties?

S.K
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