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Alvin and the Chipmunks. "Bad day"

Monday, November 24, 2008

Money in fixed deposits

It sounds funny...

Pasir Ris-Punggol Town Council says half of S$4m investment not written off
By Satish Cheney, Channel NewsAsia Posted: 23 November 2008 2045 hrs

Nope, i am not going to talk about the loss from the "bad" investments.

I quote a paragraph from the news.

"Dr Ahmad said: "If they feel that the way forward is best for us to just park our funds in fixed deposits – that's what we'll do. But bear in mind that FDs will only give you minimal returns. At times, it doesn't even cover inflation." "

Well, since the MP, Dr Ahmad had said that, which means, the "fixed deposits", our CPF money also will get minimal returns, and at times, it does not even cover inflation, am i correct?

And now, we cannot use all our CPF money to do investment. How are we going to cover inflations, to buy house, and for our retirement in the future?

Food for thought.

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