PAP must disclose GIC’s real performance, multi-billion dollar losses will affect CPF members
For close to 3 decades, PAP has been paying CPF members extremely low long-term rates. Coupled with mandating a portion of CPF into the MA and SA, this has resulted in a huge retirement shortfall. Most Singaporeans have suspected the reason to be mounting losses at CPF fund manager GIC. In order to prevent GIC from collapsing,...
Yikes! Cynical Investor part of PAP IB?
Going by the u/m Chris K will have to unfriend me if he wants to remain friends with Tay Kheng Soon (Future of S’pore), the other unhappy anti-PAP activists (real life or cyber), and the cybernuts. I’m sure Jedi like Terry Xu, Tan Tee Seng and Eric Tan will not respond to my emails. After all I use repeatedly: “talking...
CPF fund manager, GIC, confesses to poor performance: without past high returns, future returns will be much lower
While GIC, fund manager of CPF, has been trying to conceal its poor performance, it may have inadvertently shot itself in the foot. CPF members would do well to scrutinize and understand the nonsense put out by GIC’s top management: the objective of tons of irrelevant information is to confuse and obfuscate. In an attempt...
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