Pension funds: Where's My Nest Egg?

Gazelle SG

thats because you have already collected all the money you have in your CPF plus interest at the age of 82 and there is nothing left for your children.

Rock^Star SG

If for the good of this country and fellow Singaporeans, I would rather the HDB not be resold for profit.

There are many other ways to make a profit such as through investment in private property, land banking etc.

Another thing is....if you know nuts about what you're talking regarding CPF funds, just seal it.....I mean don't talk through your arse.

I am fully aware of Temasek's financial statements for the preceding year, are you?

So before you try to debunk my statement that "the govt uses our money for investments but expect us to fund our own retirement", kindly understand the workings of the CPF first. Much appreciated.

TheGoodEarth SG

Subject to what? It was a statement made by a professor and he was making his opinion public.
But I supposed the Rock doesn't feel any indignation by his opinion because the Rock didn't understand what the subject was all about.

kilua SG

Quote from Lee kuan Yew.

http://www.straitstimes.com/Free/Story/STIStory_164084.html

'YOU'LL NEVER LOSE' WITH CPF
'We never invested the CPF money in shares or bonds. We always invested the CPF money in Singapore Government bonds where the Singapore Government guarantees a fixed return and you're always going to get.

'In other words, you will never lose. And if anybody thinks he can do better, he's welcome to take his money and go to a fund manager and try and do better.'

The Govt knows the problem of sufficient fund in CPF for retirement way early in the 1980s. Many people had been criticizing the CPF since the 1980s where the use of CPF is very restricted. However, during that time there wasn't a choice to take the money to a fund manager. Where can they take their money before 1999? Overinvest in HDB flats? Mr. Green Will Mr Lee take responsibility for those who didnt had a choice? Why does Mr Lee thinks that the early generation of Singaporeans who had little education can acquire financial knowledge and plan for retirement?

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