I strongly disagree with the proposal by business leaders calling for CPF monies to be invested in Singapore shares to help, I quote “moribund market”; unquote. CPF monies are hard-earned monies by Singaporeans to pay for housing, retirement and healthcare and hence we should ensure that our hard-earned monies are not subject to the risks posed by the volatilities in the global and local stocks markets, as what we are seeing now. In fact, Singaporeans, to my opinions, enjoy a better deal, as the CPF monies residing in our ordinary, medisave and special account earn 3.5% to 4.5% annual interest, risk-free. This mean that our monies earn these interest which via compounding effect of interest (what Albert Einstein call the “eighth wonder of the world”) will be multiplied many times over during the holding period. This beats leaving our monies to the stocks markets, which are experiencing more ......