Blackyv Turbocharged March 16, 2015 Share March 16, 2015 3 years later CPF failed to provide actuarial report of CPF Life http://lkyspp.nus.edu.sg/wp-content/uploads/2015/02/CPF-Case_final_Feb2015.pdf page 21 Cannot lar, it require don't know how many years of manhour to do that... Hehehe ↡ Advertisement 2 Link to post Share on other sites More sharing options...
Goldbug 6th Gear March 16, 2015 Share March 16, 2015 Cannot lar, it require don't know how many years of manhour to do that... Hehehe fwah... shrouded in mystery 1 Link to post Share on other sites More sharing options...
Angcheek Hypersonic September 16, 2015 Share September 16, 2015 (edited) Quick Throw all your money into CPF ! dont say I dont share good thing kekeke Edited September 16, 2015 by Angcheek 7 1 Link to post Share on other sites More sharing options...
Blackyv Turbocharged September 16, 2015 Share September 16, 2015 Quick Throw all your money into CPF ! dont say I dont share good thing kekeke 12003163_2129049010569150_9214270034845989508_n.jpg you got it wrong, that chart is for 'them", it shows how much they "earn" from our cpf when we put in money...but on the other hand, i think they under declare... should not be that low... 3 Link to post Share on other sites More sharing options...
Angcheek Hypersonic September 16, 2015 Share September 16, 2015 you got it wrong, that chart is for 'them", it shows how much they "earn" from our cpf when we put in money...but on the other hand, i think they under declare... should not be that low... hahha very fat commission package they have No wonder die die also dont let us draw out our CPF 4 Link to post Share on other sites More sharing options...
Little_prince Supersonic September 16, 2015 Share September 16, 2015 Seow lah, spent $2k to buy this fish hoping to bring me luck so I can retire early. Just saw this CPF video (below the photo), now either I start saving for retirement or look for another feng shui pet DSC_1345x.jpg https://www.youtube.com/watch?v=7L-2Xlx2-bc correct. it is true. got arowana can retire early. my friend was a fish shop owner. now so young already retired 2 Link to post Share on other sites More sharing options...
Myxilplix Turbocharged September 16, 2015 Share September 16, 2015 I am not in finance and know nuts, but perhaps those bros here who are in the line can shed some light on this. If a commercial financial institution/fund/bank/whatever were to publicly advertise/illustrate compound interest in this manner, does it contravene any MAS guidelines or regulations? I ask because it's just dodgy, machiam wanna bluff people. 1 Link to post Share on other sites More sharing options...
Ktglfc Hypersonic September 16, 2015 Share September 16, 2015 Quick Throw all your money into CPF ! dont say I dont share good thing kekeke 12003163_2129049010569150_9214270034845989508_n.jpg Wow, the rate is double-rate for each day ... Got such kan-tao, pls let me know leh I don't think CPF will show this leh... if they did, its misleading leh .... 1 Link to post Share on other sites More sharing options...
Blackyv Turbocharged September 16, 2015 Share September 16, 2015 Wow, the rate is double-rate for each day ... Got such kan-tao, pls let me know leh I don't think CPF will show this leh... if they did, its misleading leh .... Must be some sort of bug..Hehe.. 1 Link to post Share on other sites More sharing options...
Enye Hypersonic September 16, 2015 Share September 16, 2015 If cpf can offer such returns, I won't mind min sum go up to 10 million And I will throw in my life savings inside as well 😂 Link to post Share on other sites More sharing options...
lausai88 Hypersonic September 16, 2015 Share September 16, 2015 correct. it is true. got arowana can retire early. my friend was a fish shop owner. now so young already retired so I am one of the noob that helped him to retire early 5 Link to post Share on other sites More sharing options...
Somewhat1975 6th Gear September 16, 2015 Share September 16, 2015 Quick Throw all your money into CPF ! dont say I dont share good thing kekeke 12003163_2129049010569150_9214270034845989508_n.jpg don't anyhow spread half truth lah. This is the complete picture 3 Link to post Share on other sites More sharing options...
Kb27 Supersonic September 16, 2015 Author Share September 16, 2015 What kind of maths is this ? You get 100% interest in 1 day ? That's like 36,500 % pa ? Is CPF paying this kind of interest ? 2 Link to post Share on other sites More sharing options...
Blackyv Turbocharged September 16, 2015 Share September 16, 2015 don't anyhow spread half truth lah. This is the complete picture Errr.... Am I missing the point here?? If pick 1c can have that compounded amount 30days later, why would i not take the 1 million and let it compounded to trillion in 30days time? Err can explain what is the message about huh?? No wonder people say cpf rule is so damn confusing...hehehe... 2 Link to post Share on other sites More sharing options...
Angcheek Hypersonic September 16, 2015 Share September 16, 2015 hahahha waaaa very swee picture ... @Ktglfc there u go ........ don't anyhow spread half truth lah. This is the complete picture Errr.... Am I missing the point here?? If pick 1c can have that compounded amount 30days later, why would i not take the 1 million and let it compounded to trillion in 30days time? Err can explain what is the message about huh?? No wonder people say cpf rule is so damn confusing...hehehe... this only can be understood by our elite leaders ok ... Ordinary people cannot understand one ekekekek 6 Link to post Share on other sites More sharing options...
1fast1 Supersonic September 16, 2015 Share September 16, 2015 (edited) What kind of maths is this ? You get 100% interest in 1 day ? That's like 36,500 % pa ? Is CPF paying this kind of interest ? It is, at the least, a very misleading infographic. At worst, I would say it's downright unethical. If you look at a more realistic amount like $100k in CPF at even 5% rates (the OA gives only 3.5%, the 5% is for SA, RA and MS, but I'm just going for the "best case"), over *10 years*, the principal would have increased to "just" $162,890 compared to $150,000 if it were just simple interest. That's just a paltry $12.9k advantage over simple interest. It's even more underwhelming if we're looking at 3.5%. So what are they really trying tp prove here with this dumbass illustration? This is like that cock and bull story about the guy who invented chess asking the king for a single grain of rice on the first square, two on the second, four on the third, etc. etc. which is often told to illustrate geometric growth. Even lurid ads for professionally run scams make less outlandish claims. But at the end of the day, it's OK. This sort of thing helps the 70% to understand better, apparently. (Sorry, just couldn't help myself!) Edited September 16, 2015 by Turboflat4 2 Link to post Share on other sites More sharing options...
Pinobii Hypersonic September 16, 2015 Share September 16, 2015 Errr.... Am I missing the point here?? If pick 1c can have that compounded amount 30days later, why would i not take the 1 million and let it compounded to trillion in 30days time? Err can explain what is the message about huh?? No wonder people say cpf rule is so damn confusing...hehehe... Looks like they are trying to illustrate the concept of compounded interest, n i think this is not clear enough coz we dont know how it is calculated Link to post Share on other sites More sharing options...
Icedbs Turbocharged September 16, 2015 Share September 16, 2015 Yes, they are trying to explain the magic of compounding interest, but why use 100%/day as the ROI? It is not realistic, not even for a pyramid scam. ↡ Advertisement 3 Link to post Share on other sites More sharing options...
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