There are many issues been discussed here and thus it would best to be specific on the issue you are talking.
It sparked off with Roy accusation of PM that than led to many other related topics . These are the issues been discussed as far as I can see .
1) Roy Accusing PM of stealing.
2) PM suing of Roy
3) Some people want their CPF to be returned after they reach 55.
4) Some people want higher % of interest for the CPF accounts.
5) Why is the Minimum sum increasing every year ?
6) Some people can't afford to reach the required amount of minimum sum to get the maximum payout?
7) Some people want to be able to use their CPF in the way they deem fit as they feel it is their money and they should be able to decide what they do with it.
8) How does the CPF work and how is the CPF money been invested?
If there is anything wrong in my breaking down of the issues, please inform and I will correct it.
(09-06-2014, 10:21 AM)Lancelot Wrote: [ -> ]Thanks City farmer,
I rest my case because I only enjoy discussions with people who can handle opinions objectively.
First of all, Thank you for the corporation.
I respect your choice, but I will suggest that we also respect others' right of expressing their views (within the boundary of posting guideline, of course
).
Regards
Moderator
P/S: I re-read the "targeted" post several time, it is just another view, isn't it?
Quote:P/S: I re-read the "targeted" post several time, it is just another view, isn't it?
City,
I also re-read a few times and I am equally confuse.
I was having my breakfast and check into VB.com.
I saw Tan replied and thought his sharing of one invest his own $$$ make sense.
I had been using CPF-IS for investment for a long time too.
Life is just a game, play it and add more value to others.
Love Compassion
Earth day - save the world everyday.
(09-06-2014, 10:42 AM)cfa Wrote: [ -> ]设身处地
换位思考
Noted with thanks.
We need more LOVE.
Without LOVE, we will die!
Earth day - save the world everyday.
(09-06-2014, 12:11 AM)Freenasi Wrote: [ -> ] (08-06-2014, 09:41 PM)egghead Wrote: [ -> ] (08-06-2014, 04:47 PM)CY09 Wrote: [ -> ]However over the long run where people live until 66 years old and beyond, people are actually better off getting whole life insurance than putting your money in CPF!
Is a private company and a State comparable?
My curreny insurance policy is actually paying more than the cpf rate. There is a small dip in the reversionary bonus during 2008 but the rest of the years are much above 2.5%. Again, I do not personally believe the 'guarantee' of self-declare by the board. When things happened, all this boast about guarantee are all BS.
a review of the past insurance policies for past 20 years and a lot seem to be able to hit 2.6% at least >
http://www.investmentmoats.com/budgeting...5-returns/
^^^ Remember AIG who is AAA rated?? I agree with CY09 that insurance is the "closest" comparison though the payout profile and flexibility is still quite different, and tanjm has also highlighted the flexibility to buy insurance products with CPF.
But looking at the fact that RA weighted average rate of SSGS is 4% (see link below),
most likely most people have exhausted their OA account anyway To be totally blunt people basically are now aiming for their SA rather than OA. This kind of psychology sounds very familiar to me.
(09-06-2014, 08:49 AM)Temperament Wrote: [ -> ]i also don't understand why people who are happy and contented with CPF need to join in this CPF forum. And makes people who are not so happy with some aspects of CPF suspect something is amiss with people who are happy with CPF.
I'm equally confused by your statement. Why do you suggest only "cons" are allowed? Does this idea extends to the other company threads? 中庸之道 evaluate both sides is still the best approach in understanding an issue in its ENTIRETY IMHO
(09-06-2014, 10:23 AM)flinger Wrote: [ -> ]There are many issues been discussed here and thus it would best to be specific on the issue you are talking.
It sparked off with Roy accusation of PM that than led to many other related topics . These are the issues been discussed as far as I can see .
1) Roy Accusing PM of stealing.
2) PM suing of Roy
3) Some people want their CPF to be returned after they reach 55.
4) Some people want higher % of interest for the CPF accounts.
5) Why is the Minimum sum increasing every year ?
6) Some people can't afford to reach the required amount of minimum sum to get the maximum payout?
7) Some people want to be able to use their CPF in the way they deem fit as they feel it is their money and they should be able to decide what they do with it.
8) How does the CPF work and how is the CPF money been invested?
If there is anything wrong in my breaking down of the issues, please inform and I will correct it.
1a Roy took down post
1b Instead posted summary of what he posted before and made a video (?)
1c Offered $5k compensation
My opinions below:
1. Roy deserve it based on the above chronological event.
2. LHL was right to sue him pragmatically but failed miserably politically:
http://www.valuebuddies.com/thread-5216-...l#pid85431
3. Windfalll mentality:
http://www.valuebuddies.com/thread-5262-...l#pid85614
5&6. I already posted here that the hard truth is that any sane person can do a calculation on how much is actually needed for retirement:
http://www.valuebuddies.com/thread-5216-...l#pid84504
7. Think we can simplify matters to let those in excess of MS to invest the balance:
http://www.valuebuddies.com/thread-5216-...l#pid84812
8. Flinger already posted here:
http://www.valuebuddies.com/thread-5216-...l#pid85439. Chart shows weighted average of SSGS is 4%.
I think I have roughly gone through most of the issues. Now waiting for others to come out with alternatives. NB until now I don't think any forumer thinks the public can stomach negative returns for CPF for a year or 2 if returns correlate with GIC.
BTW GIC 20 years return of 6.5% is in USD and 4% in USD real return.
http://www.gic.com.sg/en/faqs/search/199...returns#28
May the real truth sets us free, and not "drunken drivers have the right of way; loudest have the last say"
Temperament Wrote: i also don't understand why people who are happy and contented with CPF need to join in this CPF forum. And makes people who are not so happy with some aspects of CPF suspect something is amiss with people who are happy with CPF.
Quote:I'm equally confused by your statement. Why do you suggest only "cons" are allowed? Does this idea extends to the other company threads? 中庸之道 evaluate both sides is still the best approach in understanding an issue in its ENTIRETY IMHO
Sorry for confusing some people.
What i really mean is if you are in the pro camp just tell us why. You don't have to tell us the con camp what to do and what not to do. i was just not myself for not thinking clearly. But i still suspect some people(aka Papies supporters)from the pro camp are here just to irritate the con camp.
Not here just to present their views only. i hope i have mistaken about their intentions
(09-06-2014, 10:31 AM)CityFarmer Wrote: [ -> ] (09-06-2014, 10:21 AM)Lancelot Wrote: [ -> ]Thanks City farmer,
I rest my case because I only enjoy discussions with people who can handle opinions objectively.
First of all, Thank you for the corporation.
I respect your choice, but I will suggest that we also respect others' right of expressing their views (within the boundary of posting guideline, of course ).
Regards
Moderator
P/S: I re-read the "targeted" post several time, it is just another view, isn't it?
I reopen this case :
It is always good to give own view to share, but isn't it unfair to champion own view at the expense of others with remarks like ''I do not understand present complaints ". You don't understand that doesn't mean others' views were incorrect. You don't understand but many understand .