What will you do if inflation hits double digits & your CPF>

AndrewPKYap SG

Continues to pay pittance in CPF interests rates, especially the portion that you cannot touch and cannot do anything about and is at the mercy of the despots?

AndrewPKYap SG

"because inflation erodes their future purchasing power; "

Encyclopedia Article

encarta®

AndrewPKYap SG

http://seekingalpha.com/article/127098-fed-intervention-market-response-confirm-we-re-on-the-path-to-hyperinflation

Medicated Oil SG

What you see is just figures on a piece of paper or figures on the monitor.

How sure are you that the money is still there in the first place ?

AndrewPKYap SG

What if one day even the "figures on a piece of paper or figures on the monitor." shows zero? That is too catastrophic to consider.

But if inflation hits 21% and your CPF continues to pay you 2%

What would Singaporeans do?

Protest at Speakers Corner like the DBS mini binds losers and pretend it would do any good?

Worldlybusinessman SG

There is a reason why u there are restrictions on CPF, in other countries where yr retrirement savings are managed by private fund managers, people lost lot of value on their money because of investment unpredictability or inefficiency of the managers.

AndrewPKYap SG

I am not asking for the easing of restrictions... but a fair rate of interests on the CPF in the face of hyper inflation.

Worldlybusinessman SG

It is national security, when u open up the CPF to market volatility, there will be problems as others will try to do a run on our money.

AndrewPKYap SG

It is national security, when u open up the CPF to market volatility, there will be problems as others will try to do a run on our money.

How is pegging interest rates paid on CPF to inflation - especially hyper inflation opening "up the CPF to market volatility"???!!!

angel7030 SG

Nothing, i will do nothing, just go on my normal life, eats, sleep, posting, shopping, chop bfs, followed by eat, sleep....

As for CPF, me got no CPF leh, maybe after 21 yo, i put some in for the purpose of getting govt give out only. Me clever, never contribute CPF, yeah!!!

but CPF got 4% interest hor

angel7030 SG

How is pegging interest rates paid on CPF to inflation - especially hyper inflation opening "up the CPF to market volatility"???!!!

staflation applied

angel7030 SG

It is national security, when u open up the CPF to market volatility, there will be problems as others will try to do a run on our money.

whatever they do with it is not of anybody problem, after, one thing i like CPF is that they have never said that they cover up their liabilities, who ever retired, get payout with no problem.

So, what is the problem here??

seyKai SG

Nothing, i will do nothing, just go on my normal life, eats, sleep, posting, shopping, chop bfs, followed by eat, sleep....

As for CPF, me got no CPF leh, maybe after 21 yo, i put some in for the purpose of getting govt give out only. Me clever, never contribute CPF, yeah!!!

but CPF got 4% interest hor

not all CPF got 4% hor., only small portion got 4% hor. the rest is only slightly better than the bank hor. the gohmen not stupid HOR

angel7030 SG

not all CPF got 4% hor., only small portion got 4% hor. the rest is only slightly better than the bank hor. the gohmen not stupid HOR

Oh! gahmen not stupid, me also not stupid mah, dun contribute CPF lah...but me got no medisave, medishield and other perks...

Worldlybusinessman SG

the interest is CPF pay to you
But due to u use the fund to buy HDB

Now.. u had to pay the interest using ur own money..

so.. basically, u are paying the interest for CPF.

CPF should thanks you for saving $$ for them

Worldlybusinessman SG

Oh! gahmen not stupid, me also not stupid mah, dun contribute CPF lah...but me got no medisave, medishield and other perks...

dont be too happy . u still have to pay it when u start working. silly girl

TooFree SG

With the HDB concessionary loan pegged to the CPF interest rate, most likely you are not earning any extra on your CPF OA account other than for your housing needs. You should be concern about the cash or savings during an inflation since the CPF can only be use for your housing, medical and retirement needs for the period of non-withdrawal.

sbs8104h SG

Jump off the 101 storey building

seyKai SG

50 storey not high enough