Day: October 12, 2007

That ‘bigger that cow cart wheel’ 1%…

3 comments

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.

The 10 Doctrines of Darth Grievous

4 comments

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