i'm not really educated, especially in economics, but i do have
some points to raise out.
1. honestly, i feel that the CPF scheme is to be praised, as in,
seriously i feel many of the younger generations are spoiled brats,
big spenders who duno how to save (explained by the rise in the
number of people who own banks credit debts). also, being a
volunteer at Lion's Old Folks Home, i've heard of many stories as
to how CPF has helped many of the old people.
2. the annuity scheme deserves some praise too. as we advance in
medical fields, many people are living a longer live, take japan
for example. and we do have mediShield to cover some medical costs
of old age. BUT will someone
please help me find out if Singaporeans are really living to an
older age or are we dying younger. i'm not good at finding facts or
sources, so please help me with this.
3. what i don't understand is, everyone hopes to invest in
something that has reasonable returns. and seriously, for CPF such
large amount of money, i feel the amount of interest earning is
like SHIT. i applaud to
the fact we can now use CPF to invest, but what about the annuity?
it is also a form of investment, and the amount is not small too,
do you guys think the interest rate is like CPF returns, which is
BULLSHIT? what do you
guys say? if i didn't remember wrongly, even the WORLD BANK says
our CPF returns is very little compared to other countries and
compare to the standard rates right? even our banks offer higher
rates right? someone please justify me on this as i'm not very
sure
4. i think we are paying too much for our "elites". true they come
up with good ideas, which in my oppinion should work well and
should benefit many if applied appropriately. but even with their
high pays, i feel they they are still very "corruptedly"
greedy. come on, i think with that amount of money,
i put in normal savings account or fixed deposit of any bank, the
interest i earn is higher lor.
5. somemore, i think my investment skills are so much, perhaps even
far beyond our "elites". look back and see how much money they have
lost, and whose money is it? and imagine the kind of peanuts they
so call "return" us. i just wonder, will they be able to take out
the amount if all of us decide to withdrawl our CPFs, i think they
will be declared bankrupt and still owe almost half the nation of
their CPF money. and for the "SMALL FRY" payout
stated, i DEFINITELY
feel my investment skills are far superior as i get to earn more
interests using my methods (what about buying UNIT TRUST? someone
please help me verify if this is true)
6. lastly, my main concern is : "WHERE WILL ALL THE MONEY GO IF I
DONT MANAGE TO TAKE OUT THE WHOLE SUM?" can we
draft a will saying we want to give the money to our children or
charity (lif i recall correctly, we can do this to our CPF right?
so that they cant eat our hard earned money)
my sentiments is just that, the "elites" lost too much money due to
"POOR and BAD" investments, now they no money, just think of other
ways to get from the CITIZENS, ways which they don't have to return
the money. haha, to think they want us to be responsible for our
money when they don't wish to be responsible for our money but
still want to use our money and don't give us the RIGHTS to protect
our money. i mean, the scheme seems good and logical, but really
the payout is NOT, i repeat, NOT reasonable for the
amount.[/b][/u]
just put it this way, you pay them too much, they dun know the
meaning of hard earned money, thus they just think they have
unlimited resource to waste, to play with, anyone agrees on
this?
i agree to someone who mention in this thread the "elites" really
think and behave like babies. small small think only sue, come up
with creative interesting ideas but implement them childishly, by
being selfish and not thinking of others
