Toyota Stock Is the Automaker to Bet On as Hybrid Vehicles Leave EVs in the
Dust
-
Consider a smart investment strategy with Toyota stock as Toyota rolls out
affordable next-gen vehicles to meet consumers' demands. Read More
38 minutes ago
Actually from the start, CPF should have been "locked up" and not for property.
ReplyDeleteIt would have solved 2 big things:
1) Adequacy of CPF for retirement.
2) Affordability of housing (esp HDB).
But then it would have killed some banks & property developers in the late-1980s.
Thank to smart Govt of the day for asset enhancing scheme for older generation but younger ones pay with their lifetime of sweat
Delete1) Spur,
DeleteWe 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?
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.
2) CW,
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!
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?
Heheh ... they just need to turn on the migrant tap bigger and we'll have another round of bubble economy & bubble properties!!
DeleteBut think they've learnt their lesson and the tap will be set at low-to-medium for gradual sustenance.
Latest SingStat official population statistic is 5.61M as of June 2016.
Average rate of increase of 92K per year since 2011. Hence now should be about 5.7M (unofficial haha).
They're pretty accurate with their projections. Using 92K/year:
2020 -- 5.98M
2025 -- 6.44M
2030 -- 6.9M < -- That's the famous targeted number.
2064 -- 10M