Comments on: Why Singaporeans are more pessimistic than their poorer Asian neighbours

By: Chillicrab168

Chillicrab168 — Tue, 25 May 2010 12:29:31 +0000

the bigger picture is that rather than to wait for Gov’t to give high interest on the OA & SA accounts, you should invest the $$$ in your pricy HDB flats, stock markets and funds to get better returns.

I got a HDB and are invested in the markets. The only thing that gains far more than anything else I had ever seen in my life was my HDB’s appreciation. 100% within the last 3 years !

Plus, since I can’t beat the FT / expats in Singapore. Might as well be one ! Get an OVERSEAS diploma & degree (pricy upfront cost which I work & study hard during those lonely years AND that the well-paying ang moh companies recongized) and find myself a nice job posting overseas, staying in company paid housing and trips back to Singapore to see mom & friends — flying Singapore Airlines all the time.

Since i am overseas, my HDB is being rented out. Giving me a nice 12% p.a. ROI before expenses, at today’s prices ! At this rate, my initial investment will be recovered by the 9th year. With some small simple planning and the voluntary HDB’s partial capital pre-payment scheme, my 30years loan was paid off in 1/10 of the required time.

With these, should I say Long Live The PAP ?

By: Wang

Wang — Wed, 21 Nov 2007 10:03:11 +0000

LSH/YTJ

Instead of just looking at the gross returns, could you at the least highlight the CPI rate or inflation rates during the relevant periods vis a vis Singapore/Malaysia.

As well as the relevant exchange rates to US$ to see the PPP.

Regards
Wang

By: Why?

Why? — Tue, 20 Nov 2007 07:08:40 +0000

OT: If you look carefully at your old and new currency bills and coins, you’ll notice that the state crest has been changed. Questions to ask: When was it changed? Why was it changed? Why was there no national referendum? If I’m not wrong, the five starts stand for equality, etc. These have now been pushed down.

By: Ace

Ace — Tue, 20 Nov 2007 02:46:55 +0000

Vote PAP…..More good years…..Vote PAP….More good years……Vote PAP…More good years….

It is time for the 66.6% to ******* wake up……

*Comments edited by TOC moderator.

By: Barry Lee

Barry Lee — Tue, 20 Nov 2007 00:58:50 +0000

How many of us actually believed that inflation was in the 1 – 2 pct for the longest time ? The CPI has been used to justify paying low interest rates.

By: Gerald

Gerald — Mon, 19 Nov 2007 16:28:17 +0000

“I believe there is a fourth way: enhance their returns.”

You hit the nail on the head. Now, how can the govt enhance our returns on CPF monies? I think this deserves more looking into.

How about setting up an investment fund under CPFIS, managed by GIC or Temasek, and give CPF members an option to put some of their money in there to get higher returns (and take more risk of course)? I think this will be so attractive to Singaporeans, some might even make voluntary contributions to their CPF just so they can invest in this fund.

By: Alan Wong

Alan Wong — Mon, 19 Nov 2007 12:00:21 +0000

If the returns had actually been much higher than the rate that CPF pays its members, then the CPF Board (which means the Gahmen) has indeed been taking us Singaporeans for a ride.

I had all along suspect that the Malaysian EPF Board could not have done better than their our Singaporean CPF Board.

I just wonder whether the Gahmen can be persecuted for fraud.