CPF schem is a big Flop
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So, finally it took us nearly 50 years to find out PAP conned us with promises of a rosy retirement through CPF.
The only people who profitted from CPF is Government - they got limitless resources to gamble overseas, buying up useless companies at riduculous prices.
Many people have overstated Our DearLeader's great forsight. Under him GIC and Temasek have sunk into many investments' quicksand !
Temasek made only 3% in the last 10 years. I am sure a coffee shop owner can do better than that if allowed to take over our Dear Leader
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Speaking about the returns by Temasek, you
should see the profit made by Singapore Power. If you
leave that figure out, the returns will look very
pathetic.
Obviously the best way to beef up the books is to raise
domestic water, gas, electricity bills which looking back SP has
been doing.