tag:blogger.com,1999:blog-1602023866179666640.post8427592128445396416..comments2024-03-22T00:30:54.666+08:00Comments on Create Wealth Through Long-Term Investing and Short-Term Trading: Top Up CPF SA From CPF OA? Depending On Who You Ask! (10)Createwealth8888http://www.blogger.com/profile/08563834016250153049noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-1602023866179666640.post-39515415133085705792017-08-16T13:55:19.692+08:002017-08-16T13:55:19.692+08:00Heheh ... they just need to turn on the migrant ta...Heheh ... they just need to turn on the migrant tap bigger and we'll have another round of bubble economy & bubble properties!!<br /><br />But think they've learnt their lesson and the tap will be set at low-to-medium for gradual sustenance.<br /><br />Latest SingStat official population statistic is 5.61M as of June 2016.<br /><br />Average rate of increase of 92K per year since 2011. Hence now should be about 5.7M (unofficial haha).<br /><br />They're pretty accurate with their projections. Using 92K/year:<br /><br />2020 -- 5.98M<br />2025 -- 6.44M<br />2030 -- 6.9M < -- That's the famous targeted number.<br />2064 -- 10MSpurhttps://www.blogger.com/profile/11824813457786462446noreply@blogger.comtag:blogger.com,1999:blog-1602023866179666640.post-51012048936191108772017-08-16T13:02:29.167+08:002017-08-16T13:02:29.167+08:001) Spur,
We wanted to compete with HK for wealth...1) Spur,<br /><br />We wanted to compete with HK for wealth management remember? What better than to "release" this untapped pool of savings to entice fund management to relocate here? <br /><br />We've done it! Singapore is now the Switzerland of the East; never mind 70% of those CPF members who invested with CPIS lost money. Success if what we have to sacrifice to achieve it.<br /><br /><br />2) CW,<br /><br />Shhh... At your age, you are pretty safe as the well will not dry up. For me, it should be "safe" but no harm if youth willing to contribute to the well and subsidise my retirement. I won't complain! Shhh!<br /><br />But for those who come after us - with a declining population - I don't wish to be in their shoes. Unless the youths of today don't mind population 10 million at their old age?<br /><br /><br />Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-1602023866179666640.post-17960095885729298702017-08-16T12:26:29.497+08:002017-08-16T12:26:29.497+08:00Thank to smart Govt of the day for asset enhancing...Thank to smart Govt of the day for asset enhancing scheme for older generation but younger ones pay with their lifetime of sweatCreateWealth8888https://www.blogger.com/profile/04870750974362417154noreply@blogger.comtag:blogger.com,1999:blog-1602023866179666640.post-53850588682781811022017-08-16T09:29:53.546+08:002017-08-16T09:29:53.546+08:00Actually from the start, CPF should have been &quo...Actually from the start, CPF should have been "locked up" and not for property.<br /><br />It would have solved 2 big things:<br />1) Adequacy of CPF for retirement.<br />2) Affordability of housing (esp HDB).<br /><br />But then it would have killed some banks & property developers in the late-1980s.Spurhttps://www.blogger.com/profile/11824813457786462446noreply@blogger.com