Another CPF supporter

[fatscaryuncle]

I had a friend who supported cpf. Because his parents spend their money until debt, then scold govt that the cpf cannot take out

 

[inmyopinion]

Can always put it in cpfis funds if duwan 4%

I did put $20K on AIA dynamic fund (entertain insurance agent) . Every quarter also $200+ dividend. Even better than T-Bill.

 

[inmyopinion]

I did put $20K on AIA dynamic fund (entertain insurance agent) . Every quarter also $200+ dividend. Even better than T-Bill.

Can also use SRS (15.3K) on AIA dynamic fund.

 

[RadioAddict]

2.5-5% guaranteed returns + law mandated 11-17% contribution by employer. Only a bad investor won’t take advantage of the system

 

[Nuclear Boy]

I had a friend who supported cpf. Because his parents spend their money until debt, then scold govt that the cpf cannot take out

CPF could've just put a disclaimer on personal financial responsibility. Then give the freedom for "clients" to choose if they want to withdraw lump sum.

 

[moonraiser]

2.5-5% guaranteed returns + law mandated 11-17% contribution by employer. Only a bad investor won’t take advantage of the system

Well I don't know about your industry but in my industry work permit holders are given the same package as locals. Meaning the employer part are paid in cash.
Most investment over the long term have better yield anyways

 

[Nuclear Boy]

2.5-5% guaranteed returns

That's the only redeeming feature. If for some reason they cannot maintain the guarantee, we can just chop their heads off to write off our debt. 人头担保

 

[1982-1994]

Yep sounds about right. Really prove what I said only the low ses and low IQs will be happy for a system that is only useful those who "needs it".
Dumb, trusting, lazy, and hilariously stupid.

Low EQ spotted this time

 

[moonraiser]

CPF could've just put a disclaimer on personal financial responsibility. Then give the freedom for "clients" to choose if they want to withdraw lump sum.

Alternatively if you have a PR wife like me. You can transfer your cpf to her. And then when she give up her PR you can "cash out" earlier. I'm considering that but still weighting my options.

 

[RadioAddict]

Well I don't know about your industry but in my industry work permit holders are given the same package as locals. Meaning the employer part are paid in cash.
Most investment over the long term have better yield anyways

Yes we have discussed about this before unfortunately not everyone can have the discipline to save or even hit 4% guaranteed returns by themselves. You just need to go take alook at the kopitiam and ask yourself honestly how many of them can exceed the returns of CPF if they invest by themselves?

I am so very sure most SME won’t be paying their employees additional 11-17% more wages if today we abolish the rule of employer contribution. This is my opinion but I’m pretty sure I’m right on the spot for that

 

[moonraiser]

Low EQ spotted this time

Bro just being honest. I know it doesn't sound good but there is no nice way to put it. I think people are just not as financially literate as they can/should be. That's why they see cpf as good

 

[crimsontactics]

You deserve a knock on your head
My combined cash and CPF (including RA) can only hit $1m at 65

Wlwlsmdwl...

 

[crimsontactics]

Well done.. you will be one of the 10.756% ($500,000 & above )


https://blog.seedly.sg/cpf-account-balance-savings-comparison-age-groups/

Moi is top 10%?

 

[moonraiser]

Yes we have discussed about this before unfortunately not everyone can have the discipline to save or even hit 4% guaranteed returns by themselves. You just need to go take alook at the kopitiam and ask yourself honestly how many of them can exceed the returns of CPF if they invest by themselves?

I am so very sure most SME won’t be paying their employees additional 11-17% more wages if today we abolish the rule of employer contribution. This is my opinion but I’m pretty sure I’m right on the spot for that

Oh ya we've talked briefly over pm on similar topics didn't we?

Well I have my personal opinions on that topic but that's for another thread I think

In gym now pumping iron not enough blood for both muscles and brain

 

[Average]

topping up Cpf nao

 

[Shawny88]

What will be the min sum & BHS in 13 yrs time?

Interested to know too so that I know how much cash I can withdraw from CPF.

Should do shielding ah?

 

[Shawny88]

I think FRS by 2037 (since 2024 is coming soon) is $323700, average 3.542% increase yearly
BHS assuming yearly add $3k, $107500

So if I have 1M, i can withdraw close to 700k only ah?

 

[lifeafter41]

Woah he never invest OA into fixed deposit higher interest

https://www.straitstimes.com/busine...tomers-to-earn-higher-interest-from-cpf-funds

Got lah, he got go apply T bill from his OA…..

 

[1982-1994]

Moi is top 10%?

I assume the survey doesn't include the purchase of HDB flat

 

[Shawny88]

CPF could've just put a disclaimer on personal financial responsibility. Then give the freedom for "clients" to choose if they want to withdraw lump sum.

This will never work. You never see how many people whack govt because they saw elderly still working or homeless without fact checking first?

Many people will abuse it as they know govt will always help the poor, at the expense of tax payers