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02-06-2014, 10:06 AM
(02-06-2014, 09:06 AM)HitandRun Wrote:i second that.(01-06-2014, 11:26 PM)touzi Wrote: Very well said. That is the attitude Singaporeans must have, whichever party you support. I wish more people will think like this. It cannot be that if the policy doesn't benefit me it is bad; if I am good at managing my own money, CPF is bad, doesn't matter if the average Singaporean is not very good with his/her own money.
That is why I am suggesting to Govt that I do not need any return on my CPF OA. Just allow me to invest 100% in stocks! In case forumners think that they will have to subsidise my retirement if I lose all that money, don't worry, my CPF SA is already > CPF minimum sum.
But alas even after 63+(retiree) as long as your money is in OA, it is subject to OA 's rules for investment. And you have to contribute to MA every year too from your OA. But i am not complaining about OA money to MA.
WB:-
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.