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09-05-2014, 06:30 PM
(09-05-2014, 04:32 PM)opmi Wrote: [quote='Temperament' pid='82126' dateline='1399607816']
i think it is a viable scheme as more and more younger people are "forced to
You mean it is like a scheme like 'later participants pays for earlier participants"..hahahah....
[/quot
Ha! Ha!
Don't be to happy. if you read the fine print, the amount can decrease also. What's more, there is no guarantee a base limit of payout. (aka how low can it goes? Zero or what?)
That's why in the beginning, this was one of the reasons, i didn't join. Since i have an option.
Crazy isn't it no base limit of guarantee payout and you call this CPF income for life?
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.
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.