That ‘bigger that cow cart wheel’ 1%…
Written on Oct 12 07 // Rants.
The gover-min said it will give us 1% more in interest but will hold a total of S$20,000 in our CPF Ordinary Account, and S$40,000 in our CPF Special Account and Medisave. That’s a whopping S$60,000 dollars of good money. The gover-min think their 1% 大过牛车轮 [translation: bigger than the cow cart's wheel] man!! As if I am damned thrilled! From track record, my investments are so far making more money than the CPF is paying in interest. If it was allowed, I would rather opt-out of this harebrained gover-min scheme so I can be allowed to do my own investments which will earn far, far more and earn much better. Here’s a breakdown of my investments:
|
Company |
Type |
Duration (mths) |
Sum Invested (S$) |
Current Value (S$) |
% Gain |
|
HSBC |
Cash – Montly |
108 |
14,340.00 |
15,350.68 |
0.83 p.a. |
|
AIA |
Cash – Yearly |
26 |
10,800.00 |
14,700.71 |
16.67 p.a. |
|
AIA |
Lump Sum – CPF OA |
63 |
10,000.00 |
17,913.99 |
14.93 p.a. |
|
AIA |
Lump Sum – CPF OA |
27 |
13,000.00 |
17,213.05 |
14.09 p.a. |
|
AIA |
Lump Sum – CPF SA |
27 |
25,000.00 |
31,167.28 |
10.73 p.a. |
|
AIA |
Lump Sum – CPF OA |
0 |
10,000.00 |
9,979.67 |
N.A. * |
|
Prudential |
Lump Sum – CPF OA |
4 |
10,000.00 |
9,315.63 |
N.A. * |
|
Sub-Total : |
93,140.00 |
115,640.01 |
24.16 |
||
Note: Red: Under-performing investment.
Black: Investment on track / earning more than 3.5% which CPF pays
* New investment.
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chillycraps
Oct 13, 2007, 12:32are u telling the whole world that u are rich?
ok next outing, kidnap xizor!
xinyun
Oct 14, 2007, 11:22mmm, 16.67%…
that’s alot…
xizor-napping is useless, in this case.
Darth Grievous
Oct 14, 2007, 12:07cc> you kidnap me also useless. a lot of that money is in CPF and I can’t get hlold of it. What I am saying is, I can get better returns managing my own money instead of letting the gover-min hold on to my $60000.
xy> I think generally, most people get that kind of return or MUCH MORE by investing their CPF monies. And go kidnap someone else lah. See those jokers living in 6th Avenue? BTW, I think kidnapping is death sentence in Singapore. Don’t try.