All the more reason to pull out my CPF money... the USD/SGD exchange rate continues to worsen with no end in sight... and there is no end in sight for the pressures that are causing this devaluation.Wd40 wrote:The fundamental difference b/w Singapore and other countries is that Singapore doesn't have a policy rate. Like FED rate is what 0.35%.
So it's not Drop interest rate=>...
There is no interest rate to drop. There is only exchange rate to tweek.
So it is like this
Drop exchange rate => interest rate rises( which is SIBOR in this case) => ...
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Well, I think the only reason to keep CPF is to keep your PR. There should be no other reason to give your money to a govt to manage.Strong Eagle wrote:All the more reason to pull out my CPF money... the USD/SGD exchange rate continues to worsen with no end in sight... and there is no end in sight for the pressures that are causing this devaluation.Wd40 wrote:The fundamental difference b/w Singapore and other countries is that Singapore doesn't have a policy rate. Like FED rate is what 0.35%.
So it's not Drop interest rate=>...
There is no interest rate to drop. There is only exchange rate to tweek.
So it is like this
Drop exchange rate => interest rate rises( which is SIBOR in this case) => ...
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It's not about the returns. It's whether you trust govt/central banks/banks etc to return your money.BBCWatcher wrote:Wow, this is getting well off track. A few points:
1. If the price of apples or washing machines increases, is that when you decide to run to the supermarket to buy more apples or washing machines? Who thinks that way? So...why are U.S. dollars any different? Or real estate? (Hint: They aren't.) But if you want to buy high and sell low, nobody will stop you.
For the record, looking at the past 10 years the Singapore dollar is almost exactly at its midpoint value relative to the U.S. dollar. Over past 10 years it has been within the range of 1.2 to 1.6. It's now just below 1.4 -- right smack in the middle of that decade long range. U.S. dollars are neither particularly cheap nor particularly expensive by that reasonable measure.
2. Find me any other AAA rated government anywhere in the world paying over 4%, inflation adjusted, tax free plus some interesting domestic benefits on those funds. If you can find another AAA rated government paying a better yield, please let us all know! (Hint: There isn't any. However, there are ways to place money that pay a higher yield than zero to people selling investments or "investments." Funny how they don't like CPF, isn't it? I wonder if that's a coincidence.) Which is not to say that you shouldn't save more than your and your employer's CPF contributions. You should if you can, and with some reasonable currency diversification.
3. Gold has been a terrible investment, and physical gold is extremely perilous and expensive to hold. With all due respect, this isn't India. If you want to put a couple gold coins in your sock drawer or a couple gold chains around your neck, or around your beloved's neck, fine, have fun. But as a way to save for retirement? Not a good idea. I agree with Warren Buffet.
Nobody can give you a perfect answer. You have to do your own research and find out all the products out there, the risks and then make your own decision.rajagainstthemachine wrote:@BBC - i'm just trying to understand what would be the best action to take..if i had say 150,000 SGD to put somewhere safe for the future ? that is considering a sliding SGD
I don't believe in physical gold either.. its a waste of time going up that road.
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