Monster Stands!!!

As you can see here, the monster can now stand on her own... Though not very well and also not for very long, but then it will not be long before she starts to walk.... Oh my goodness.... I am really in for it now.....

Anyway, back to the recent hoohaa about the allowance of the use of CPF for investment purposes. You cannot please everyone huh? When it was not allowed, people used to complain and ask for it, but when they lost money, they again complain about it. But personally, I do think that allowing us to use CPF for investment is a sound choice because if we were to leave it as it is, the interest will be low. Of course, compared to current bank rates, it is higher, but compared to other devices, it does not really compare. But safety and also long term is one thing we all must be aware of. Further to this, the guy who lost over 300k or so is the only one to blame. He should be getting frequent updates if he is investing so much money and make a decision where his level of gain or loss is and decide to cut when he is in the uncomfortable zone. I do not believe that the value of his investment will downgrade by 300k over night. If I were losing money, I would be ready to cut my losses man.

So I do understand sometimes the postion of some people, but the prime motivatin is greed and individual interest. However, instead of the small picture, we should be looking at the larger picture and how we can and when we can use our CPF money to better benefits. It is no use leaving it in the bank till the end of time. And I mean this literally. I do not think I will be able to see that money, no matter how small because now the draw down age is 60, it can and will go to 65 by the time it comes to my turn. And I am hoping that I will still be alive by that time. And of course, now they require that we must put a certain portion as ante before we can even hope to pass it to our future generation.

Haizzzzz.... Life....