Personal Finance
Is CPF A Scam?
By Investment Stab  •  June 13, 2020
  Is CPF a scam? Yup, Yes, it is! But it's the people scamming the Government. Okay, that's an exaggeration. But hey, now that we have baited you in, keep reading 😉.
1. What Kind of Scam is CPF? It's a huge financial scam! The people are "scamming" the Government! The people are "taking in too much" from the Government in their CPF accounts.
Source: GIPHY
 

Recommended Read: If You Invested Right After DBS's IPO
2. Public Narrative on  I  hear people say that the Singapore Government is using its people's money in CPF to earn big investment returns while paying low interest to its people. LOW INTEREST? 0.o Interest ranging from 2.5% to 6% is considered low?
Source: GIPHY
Money in our CPF is kept risk-free and backed by the only few AAA credit rated countries left in the world. There aren't many countries in the world with that creditworthiness that's paying interest rates of 4%.  ...
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By Investment Stab
We are a group of Singaporean students who are curious and interested in Finance. As we dive deeper into this area in search of more knowledge, the more debates and differences we have. We also realised that financial literacy is not strongly inculcated in the younger generations, leading to numerous costly mistakes. Some of such includes believing in "high profiting" scams such as land banking and buying unnecessary investment schemes which are often motivated by the salesperson's personal interest ...
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