Read a page from CPF site today. Here's my notes.
83% of CPFIS-OA investors should have leave their money with CPF in 2011 as they make less than 2.5% or lose money. If we think single year cannot be counted, it get worst in 2012 with 84% despite the market did pick-up for the year.
Losses constituted slightly more than half for both years .... so what is going on ?
1. Low PE/SME stocks that maybe out of reach of CPFIS-OA investors
2. "Loud" counters that is widely known but business wise may not be as good
3. Dividends maybe excluded
Whichever the case, we need the authority to manage the scheme properly or responsibly. I would suggest basic investment examination for people who want to withdraw their fund for gold or equity investments.