TC Investments that failed; the govt was prudent in setting a limit of not more than 35% of the sinking funds for investments. Limited damage=prudence.

CPF low returns; the govt is prudent even though the returns are small because you are guaranteed a return no matter how small. Low returns=prudence.

So what’s the catch? Your guess as good as mine.

It must have something to do with the unquoted paragraph of the above quote which talks about the CPF Life annuity scheme. They are going to take money from us one way or another under the disguise of another million-dollar-mind scheme.

They can change the CPF rules anyhow they like, by cutting here cutting there, and screwing with your long term retirement plans. All these without any say or input from the people who really own that money – YOU and ME.

May I ask what is the difference between putting your money with Special Singapore Government Securities and say with DBS.

With CPF, money is locked for a long long time to come. A bird in hand is better than 2 in the bush. I would rather the money stay with me for my own planned flexible use than stay stashed in a 1-meter thick titanium security box with 20-alpha-numeric codes to open located in a 3-meter thick concrete building ringed by 2000 KW electrical fencing with entrances guarded by war veteran commandoes armed with 2000-round-per-minute mini-guns.