2011: CPF gave net negative interest on OA, SA savings.

cherry6 wrote:

Now on 'live'....

If annual inflation= 10% (it was 5.2% in 2011), CPF OA interest 2.5%, each year, effective interest earned each year = -7.5%.
So $100k after 1 yr is now worth $92.5K; after 10 years is worth $45,858; after 20 years= $21,030; after 30 yrs= $9644.
Conclusion: CPF should provide EITHER an inflation protection scheme: inflation rate plus 0.5% (OA), inflation rate plus 2% (SA, MS), or the right to buy gold ETF/ savings accounts with 100% of OA and 50% of SA.

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At:

HWZ:

11Dec2012: Talking pt the vote: Is Your CPF enough?

SBY:

11Dec2012: Talking pt the vote: Is Your CPF enough?

SGC:

11Dec2012: Talking pt the vote: Is Your CPF enough?

11Dec2012: Talking pt the vote: Is Your CPF enough?