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Broke even on our Additional Buyer Stamp Duty (ABSD)
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It has been close to 4 years since we purchased our second property. You
can read more about that here. We paid the 12% ABSD back then to keep our
HDB wh...
3 hours ago
We don't need to have high IQ or highly educated to become good investors.
ReplyDeleteLate Uncle Chua who is an illiterate has showed us the way one can become good investor over market cycles.
The investing Mind is NOT an intelligent mind but an emotional one. All of us are born with this emotional mind.
So make good use of our own emotion mind to make money out of many other emotional mind and it is free!
:-)
How to stop Kau Pe Kau Bu (Cry father and cry mother) on CPF OA, SA, RA, and MA?
ReplyDeleteSoak yourself in the stock market and taste the truth of risks, rewards and losses. You may shut up and walk away!
Read? Resident wants ban on CPF cash for investments
Mon, Mar 29, 2010
The Straits Times
RETIRED sailor Goh Tor Zin said he lost $350,000 of his Central Provident Fund savings through bad stock market investments, and yesterday made a radical suggestion at a ministerial dialogue.
The 59-year-old Kampong Kembangan resident sought a ban on using CPF money for such investments, saying the CPF scheme should stick to its original aims of helping Singaporeans save for their retirement, medical and housing needs: 'When I retired, I collected only $35,000. I lost $350,000. The sum may be small for some, but for me, I can buy many packets of chicken rice.'
Mr Goh, who is unmarried and lives with his 91-year-old father in a five-room Lengkong Tiga flat, said he made a similar suggestion to the CPF when he collected his CPF money on turning 55: 'They told me that I don't have to buy (shares), and that no one forced me to do so. I said, 'Yes if you don't sell drugs, I won't buy drugs. So you are not wrong, I am also not wrong'.'
ReplyDeleteKUALA LUMPUR (May 26): The Employees Provident Fund (EPF) announced that it generated investment income of RM8.83 billion for the first quarter ended March 31, 2014, jumping 58% from RM5.6 billion in the previous year’s same quarter.
The improved investment performance was attributed mainly to returns from equity investments.
Equities were the biggest contributor to EPF’s portfolio with RM4.84 billion in revenue, followed by loans and bonds which contributed RM2 billion and Malaysian Government Securities and equivalents with income of RM1.58 billion.
Income from real estate and infrastructure, and money-market instruments stood at RM312.19 million and RM79.62 million respectively.
“The first quarter performed better than last year but may not be indicative of the full-year performance for 2014.
“Our performance in Q1 2013 was affected by uncertainties ahead of the General Election 2013 and the early stages of global economic recovery had impacted our ability to achieve higher returns at that time,” said Datuk Shahril Ridza Ridzuan, CEO of EPF.
EPF’s total investment assets rose 11% to RM597.02 billion as at March 31, 2014, from RM526.55 billion in the year before.
Of the total investment assets, 21.22% were foreign assets.
The majority of its funds were invested in secure and low-risk fixed- income instruments (52%), followed by equity investments (43%) and money-market instruments, real estate and infrastructure (5%).
Moving ahead, Shahril said that the EPF was optimistic on the growth of the Malaysian economy, but remained cautious on the movements of capital as long-term interest rates adjust following recovery in key markets.
“In order to optimise returns, we hold firm to our prudent and long-term investment approach. We will always ensure that preservation of capital and value enhancement of members’ savings remain as the fund’s primary objective,” he said. – theedgemalaysia.com
Read more: http://www.fz.com/content/epf-1q-investment-income-jumps-58-y-o-y-rm883b#ixzz32xv2KCTI
CPF Board is kooning ah!
DeleteNo it's not kooning!
ReplyDeleteIt's G's policy sitting on the fence all these years.
And if you dare to make too much noises for better return, we (G) have given you "freedom" to DIY in CPFIS , etc..... That is "Everyman for himself always applicable in Singapore".