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Wednesday, 14 September 2016

Government to review CPF Investment Scheme: DPM Tharman


CW8888: So you think after reading some investment blogs, some investment books, some online investment articles, attending some free investing preview seminars or value investing course; you are on your way to do better than CPF OA 2.5% CAGR?

Who are these CPF members in lesser 20% who manage to beat CPF OA 2.5% CAGR over past 10 years and what it takes for them to outperform?

One of them is definitely not value investor by theory or concept. LOL!

Read? CPF OA is just 2.5% BUT it doesn't mean that you as an retail can easily beat it. Stop believing all those stuff you read in the Cyber world on Compounding Effect



SINGAPORE - The Government will review the Central Provident Fund Investment Scheme (CPFIS), Deputy Prime Minister Tharman Shanmugaratnam said on Tuesday (Sept 13), taking up a recommendation proposed by an advisory panel early last month.

The CPFIS was set up to offer CPF members a way to earn higher returns on their savings but it is "not fit for purpose", Mr Tharman told an audience at the Economic Society of Singapore's annual dinner.

Over the past 10 years, more than 80 per cent of the CPF members who put their savings into an investment product via the CPFIS would have been better off just leaving their money in the Ordinary Account, which earns a guaranteed 2.5 per cent each year, Mr Tharman noted.

Some 45 per cent of those who made use of the CPFIS even made losses over the same period.

In its second and final set of proposals to the Government last month, the CPF Advisory Panel, which had been tasked to recommend ways to improve the CPF system, had mentioned a need for the CPFIS to be reviewed.
And indeed the Ministry of Manpower will do so, Mr Tharman said on Tuesday.

This is in line with one of the priorities the Government will have to focus on to take the CPF system into the future, he said - providing a convenient option for those with more than the basic CPF savings levels to earn higher returns.



7 comments:

  1. Just thinking ...

    "Not fit for the purpose"? Mmm... Can we ask GIC to set up an investment funds for CPFIS so that we can invest together to attain higher return? Temasek returns CAGR is > 6% over 10 yr.

    ReplyDelete
    Replies
    1. Perkenalkan nama saya zull fikar. Dan saya ingin mengucapkan banyak terimah kasih kepada MBAH JONOSEUH atas bantuannya selama ini dan saya tidak menyanka kalau saya sudah bisa sukses dan ini semua berkat bantuan MBAH JONOSEUH,selama ini, saya yang dulunya bukan siapa-siapa bahkan saya juga selalu dihina orang2 dan alhamdulillah kini sekaran saya sudah punya usaha Restoran sendiri,itu semua atas bantuan beliau.Saya sangat berterimakasih banyak kepada MBAH JONOSEUH atas bantuan nomor togel dan dana ghaibnya, dan saya yang dulunya pakum karna masalah faktor ekonomi dan kini kami sekeluarga sudah sangat serba berkecukupan dan tidak pernah lagi hutang sana sini,,bagi anda yang punya masalah keuangan jadi jangan ragu-ragu untuk menghubungi MBAH JONOSEUH karna beliau akan membantu semua masalah anda dan baru kali ini juga saya mendaptkan para normal yang sangat hebat dan benar-benar terbukti nyata,ini bukan hanya sekedar cerita atau rekayasa tapi inilah kisah nyata yang benar-benar nyata dari saya dan bagi anda yg ingin seperti saya silahkan hubungi MBAH JONOSEU di 0823 4444 5588 dan ingat kesempatan tidak akan datang untuk yang ke 2 kalinya terimah kasih..

      Delete
  2. Thought Temasek bond is available to retail. No?

    ReplyDelete
    Replies
    1. Bond has dividend but no potential capital gain.

      Delete
    2. The 10 yr SGS yield is below 2.5%. After all the commission and bank charges (which i think government should help to reduce), left with 1%.

      Delete
    3. The 10 yr SGS yield is below 2.5%. After all the commission and bank charges (which i think government should help to reduce), left with 1%.

      Delete
  3. So what about those 16 to 20% CPFIS investors who have beaten the 2.5% or more?
    Will they be penalzed with new scheme?
    As it is now, they are "penalised" by the limit they can withdraw from CPF OA for CPFIS.
    Of course you can say nothing the G does can be suitable for everybody.
    And no one can fault you.
    So let's see what's the fuss?
    Or "what's up Doc"?,
    Says who?
    And remember whatever the G does will not suit everyone.
    The thing is if the G can satisfy the majority, the G has won the next GE already.
    Never mind about the 16 to 20 %.
    Can never satisfy everyone.
    Can you?

    ReplyDelete

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