I strongly disagree with the proposal by business leaders calling for CPF monies to be invested in Singapore shares to help, I quote “moribund market”; unquote.
CPF monies are hard-earned monies by Singaporeans to pay for housing, retirement and healthcare and hence we should ensure that our hard-earned monies are not subject to the risks posed by the volatilities in the global and local stocks markets, as what we are seeing now.
Friday, January 8, 2016
Sunday, June 21, 2015
I read the news that a majority of CPF fund holders who make use of their special accounts for investments have not managed to obtain better returns than the interests paid by the special account. I am not surprised at this and I have always advocated investors to not utilize their CPF Special account monies for investing in the stocks markets as they will be “giving up” and almost investment-risk-free investment which earns around 4.5% dividends yearly to the vagaries of the stocks markets.
Friday, May 30, 2014
The CPF Board has last week announced that the 2.5% interest on the Ordinary Account will remain, I am happy at the news. Many people will use their Ordinary Account to pay for their monthly home mortgages. Some will use their Special Account for investment. Special Accounts earn 4.5% investment interests. While I am like most people when it comes to the use of my Ordinary Account, I do not invest my monies in my Special Accounts as the monies in my Special Account earn 4.5% INTEREST FREE unlike that of equities!
Thursday, February 13, 2014
There are proposals to change the CPF contribution rates for employers and employees and this proposal was raised by the NTUC. While generally financial news like this should be quite interesting to me who am a person with a keen passion for growing his monies, I just glanced through the article. As far as I am concerned, when it comes to CPF monies, I am quite nonchalant. I mean if the rates are increased, remain the same or head south; I just have to take it (the CPF) as it is.
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