.......i believe investing in a learning company would be
considered quite a low yield investment. How much lower can you go
already ?
Buying US treasury bills is basically buying up debts, with no
promises that it would be returned. And it has completely no
backing at all. It's value is decided by the USA's carrier
fleets.
You need to seriously read up more before you start declaring
that the PAP is being smart alecs...
Well, i am PAP voter by the way. However, i am unsatisfied with
some areas of their managment.
This mistake, 400 million, could be unforseeable and well
contained problem. On the other hand, it could be a big problem
because so much money is involved.
If i have 400 millions, i probably could have served singaporean
better than what ABC 'kiam cai chay lo ti' learning company. My
rate of return would probably be 100%.
I seriously suspect that this is a avoidable investment which
thus save us our singaporean money. To add fairness to my argument,
i know that few months ago, singapore got print say that annual
rate of return is 4%, which means that there is indeed growth.
This , therefore, could be the proof that says that my complaint
is wrong because even after accounting for all these
recent recession and stock plunging, the rate of return is still
positive.
