Noticed something funny?
When you see Earn More retail "investors" share their end of year portfolio returns, its almost always in percentages.
But when Save More 1M65 CPF acolytes share their end of year CPF "returns", its ALWAYS in money as in dollars and cents?
Why?
To avoid the awkwardness and embarrassment when you noticed you're wearing the SAME shirt or dress as everyone else at a party?
In the immortal words of Oprah Winfrey,
"You get 4%, you get 4%; everyone gets 4%!"
LOL!
Haha isnt it CPF sharers is in low 4% not cool.
ReplyDeleteBut in dollar terms is awesome due to their big capital inside OA SA MA.
While retail investor go for riskier assets. since so risky they wont put so much money so although the returns become very big in % but the dollar small. Like 1 can invest $1,000 and earn $1000 which is nice 100% returns
While cpf holder has measly 4% but in dollar can be $10,000.
So individual will post the way that display the most positivity la haha
But to be fair, every1 already know CPF is 4% + some 1% on a portion etc.
Rokawa,
DeleteWelcome to this watering hole!
Nice to know there's another Japanese weep in our community :)
A man of culture!
Its exactly like what you've describe that I find it so hilarious ;)
For a beginning stock investor with starter portfolios of $10K, you don't tell the world you made $5K, you "or-yi-or" you got 50% return for the year!
Of course everyone knows CPF yields 4% "max"; as if there are any surprises!
You don't share you made 5% or 6% from CPF; that will reveal how LITTLE money you have in CPF... Yeeks!
As everyone "wears" the same 4% CPF shirt/dress, the only way to stand out is to highlight you wear XXXXXXL; and if you wear XXXXXS, you use as many decimal places as possible to make your digits look longer.
3 inch heels anyone?
Its the same with the crypto fan boys/girls.
You know you've made it when you start sharing your crypto portfolios in real money.
There's already a few in our community who are not shy to share they are crypto millionaires, "anonymously" though.
And they did it in less than 5 years!?
See?
The strength of youth is they do not know what cannot be done!!!
No wonder STI is stagnating... Money on the sidelines have gone to cryptos?
Especially those who seek FIRE by age 35 ;)
Smol,
ReplyDeleteBoth involve $$$$$ but measure different things.
One measures investing performance / luck.
The other measures salary / savings power. ;)
Even Mr CPF advocates putting your cpf money at risk for 4M65.
Spur,
DeleteIts a classic bait and switch, isn't it?
Use a very low offer price to attract customers to your used car showroom, then upsell them to a better model as most people will realise the advertised car is so "blah"... LOL!
What is 1M65?
Its actually for a COUPLE (2 people).
$500K per person at age 65 x 4% = ???? (Almost like CPF Life payouts, no?)
Is this what we really desire after 40 years, assuming we start at age 25?
And after spending so much effort into study and work hard? Trying to get into "attas" schools and MNCs some more?
No. That's budget airlines retirement.
If we want at least economy plus retirement, ahem, its to have at least $2 million in CPF at age 65 - or 4M65 ;)
But that's not Save More; its Earn More (must put CPF money at risk).
No free lunch.
That's why big daddy did not remove SRS or CPFIS ;)
Heng ah!
I would be so pissed otherwise...
P.S. For those who can't count, how can $2 million in CPF be economy plus retirement???
Those that have a million or two in CPF, their CPF is only a MINORITY portion of their net worth. They have properties, stocks, bonds and what not that make up the MAJOR part of their total assets.
Only after combining rental incomes, dividends, bond coupons WITH CPF interests, that's how they can enjoy business or first class retirements ;)
Don't take my word for it.
Do you own - Trust but Verify!
Here for the comments ha! Every start of the year, always a happy sight to see CPF reminding us we're credited with xxx interest earned :D
ReplyDeleteKevin,
DeleteI think I'm the blogger who writes comments longer than my blog posts1?
LOL!
By the way, CPF deservedly won all the awards and accolades they got.
In the old days, who reads our annual CPF statements in the mail right?
Boring computer printouts...
Now?
Nice infographics with colours and pictures.
I don't know whether its in-house or out-sourced consultancy talent, they've hit the mark when CPF members look forward to their annual CPF statements!
Everyone of us has our unique style haha. For you, comments > blog post!
DeleteI'm always here for the comments section because often, it isn't what you write about - it's more stimulating to think about what you didn't include in the post!
Indeed, CPF keep improving the visual representation these days, appeals to those who like images esp. when the numbers keep getting bigger and bigger! Somehow, a part of me love the practical and ugly table with all the accounts and txns, every piece of information at one place.
Kevin,
DeleteAh! You just made those IT techie feel the love!!!
Not everyone is into pretty "graphical user interfaces"...
LOL!
You know your literature ;)
What's not spoken or written can be more deafening!
Look like 4M65 is moving towards commercially vested interests as it is too difficult to achieve through voluntarily CPF top ups hard limit. LOL!
DeleteCW,
DeleteThat's why I was scratching my head why would anyone promote voluntary contribution to CPF if you are not working for big daddy?
There's no money to be made...
Now there's money to be made ;)
Its still Earn More.
LOL!