S'pore may raise retirement age to 68
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verykiasu2010
Yes, NOL is a proxy and Temasek did not manage to privatise it during the last bull run at $2.80/share. Currently, the counter is trading at $2.18.
Personally, do not wish to take fresh positions at this level. Had taken money off the table in recent months when the market had rallied. During US financial crisis, took major positions in 2008. Prefer to take concentrated positions of not more than 4 stocks as diversification dilutes one’s portfolio performance.
However, as requested,like one mid-cap and one small cap for its share undervaluation/performance.
Mid Cap-Raffles education. Co’s performance in recent yrs was rather dissapointing. It has lost much of its market value over 30 mths, from price of $1.38 to current $0.275. Co failed to pay dividends in last financial yr, the first in recent yrs. Expecting its fortune to turn around and the coming 1st qtr reporting due this mth should be a verification whether my reading is correct. At this level, the risk is relatively low. Its cash hoard is approx $140 million with gearing at 0.08x. Co is no longer in the radar screen of instituitions as the latter got their fingers burned having subscribed to share placement at $0.6/share.
Small-Cap-Action Asia. Currently holding some positions having taken profits in recent mths. At price of $0.185, its dividends is 5.4%. Like its nett cash position when progressively bought much at $0.055-$0.075 during financial crisis. At that level, dividends yield was approx 16-17%. Four negative pts to note:1. Co relies heavily on single customer for its bulk of profits. 2. Falling US$ which is expected to dampen their nett profit. 3. Low liquidity. 4. No instituition support.
Must hve patience waiting for share prices to appreciate.
As oulined above, I do not intend to take fresh positions and only holding to much smaller positions at this index level. Take note that I shall liquidate all my existing positions if I proven wrong either by macro factors or cos fail to lift up tp expectations in its earnings.
The above is only my reading and I can be totally wrong! -
Daddy
Yes, it is but one tool, but no, its not sweeping it under the carpet, it is dealing with it in the most direct way. I.e. work longer, defer on drawing savings --> More left over for old age when its difficult to work.
Well... simply raising the retirement age, is like sweeping the poverty problem under the mat... out of sight out of mind.
Need to face the fact that CPF $ is not sufficient for retirement... then the purpose/mission of CPF, or what it started out as... becomes debatable.
My take is... it's a social problem... tackling it from the retirement age doesn't solve much... there are many other factors to consider.
There are of course many other factors to consider, but CPF is one important tool, and its needs to be gotten right. And raising retirement age DOES help, and you seem to have at least accepted that, even if grudgingly. -
Hi INNOVATE
thanks for your sharing
wish you all the best!
if international trade is not recovering, shipping coy shares will suffer -
Live example here, and I represent at least 5 other friends of mine, who had been affected by \"structural unemployment\". We were encouraged to move up the ladder, and proven to be too costly, and laid the axe at 50+/- 5 year old. for the last 2 years, could not find any full time jobs.
Taxi driver, life agents, property consultant are not our cup of tea.
What can we do until 68? we are talking about another 20 years or so...
If we are paid $2mil a year why not..
There must be structural employment to maintain tax income to afford a well paid group of talents, so that they don't return to private sectors. When the baby boomers stopped working, tax income and CPF account will drop, is only raising the legal retirement age to \"cushion\" the impact... as most of our money were invested, and not liquid...
The extrapolated effect will be, retired and cannot touch your CPF until you die...
or, borrow from loan shark for daily expenses... at current retirement age, is already happening, even cars get burnt!
Today's Mypaper front page, implied Singaporean kiasu and not able to produce Facebook liked billionaires... We need a social fallback mechanism like US or Europe, to give us cushion, if we fail in any attempts in risky ventures, or we will always be kiasu... is high time gov.sg do their part to create such a economic cushion... so to free us to be able to be creative...Daddy
What opportunities?3Boys:
Those who cannot afford, will still be working, or looking for work after 65 or 68, whatever the retirement age is.
Those who are interested in working to keep sharp and fit will be working or looking for work, whatever the retirement age is.
Raising the retirement age to 68 improves the opportunities for those in the latter 2 groups.
I think if those above 50yrs old... jobless and still looking for job... no $$ for daily expenses... yet cannot touch their CPF $$... very SAD lor...
Even those above 40 yrs old and retrenched... already very hard to find jobs liao...
How much can a 50yr old get in terms of salary from a new job? -
sianz..what to do? in the first place who vote for them???
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adhdadhd:
Sorry to hear about your predicament, but how does accessing your CPF now help in anything other than postponing the inevitable? Is it sufficient to provide you a reasonable living standard until age 80? Or beyond?Live example here, and I represent at least 5 other friends of mine, who had been affected by \"structural unemployment\". We were encouraged to move up the ladder, and proven to be too costly, and laid the axe at 50+/- 5 year old. for the last 2 years, could not find any full time jobs.
Taxi driver, life agents, property consultant are not our cup of tea.
What can we do until 68? we are talking about another 20 years or so...
If we are paid $2mil a year why not..
There must be structural employment to maintain tax income to afford a well paid group of talents, so that they don't return to private sectors. When the baby boomers stopped working, tax income and CPF account will drop, is only raising the legal retirement age to \"cushion\" the impact... as most of our money were invested, and not liquid...
The extrapolated effect will be, retired and cannot touch your CPF until you die...
or, borrow from loan shark for daily expenses... at current retirement age, is already happening, even cars get burnt!
Today's Mypaper front page, implied Singaporean kiasu and not able to produce Facebook liked billionaires... We need a social fallback mechanism like US or Europe, to give us cushion, if we fail in any attempts in risky ventures, or we will always be kiasu... is high time gov.sg do their part to create such a economic cushion... so to free us to be able to be creative...
As for social security, it comes with a cost. If you are receiving a 'cushion' to fall back on, someone else is paying for it, be it this or the next generation. This is a possible paradigm, but needs to be a societal acceptance of it. -
INNOVATE:
appreciate yr take on RafflesEdu, they hv taken fair punishment, I think....Mid Cap-Raffles education.
...Small-Cap-Action Asia.
... Take note that I shall liquidate all my existing positions if I proven wrong either by macro factors or cos fail to lift up tp expectations in its earnings.
The above is only my reading and I can be totally wrong!
ActionAsia - from a chicken's perspective, I stay chicken. :oops:
your earlier eg. on PCL, what they did was pretty unique, and only bcoz they had the means, and still remain very comfortable after delisting.
even some people inside were dissappointed...
good example to illustrate an exception, I guess?
better get back to work now, and save for my retirement.
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http://www.channelnewsasia.com/stories/singaporelocalnews/view/1090650/1/.html
\"Retirement age \"not impossible\" to go beyond 67: Manpower Minister\"
Ho seh liao... all the MPs come and drop subtle hints liao... -
Daddy
more like open declaration than subtle hints .....http://www.channelnewsasia.com/stories/singaporelocalnews/view/1090650/1/.html
\"Retirement age \"not impossible\" to go beyond 67: Manpower Minister\"
Ho seh liao... all the MPs come and drop subtle hints liao... -
verykiasu2010:
I tot they used to do the consultative approach... now dun have liao ah? :celebrate:
more like open declaration than subtle hints .....Daddy
http://www.channelnewsasia.com/stories/singaporelocalnews/view/1090650/1/.html
\"Retirement age \"not impossible\" to go beyond 67: Manpower Minister\"
Ho seh liao... all the MPs come and drop subtle hints liao...
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