Investment
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Monday, March 13th, 2006The Supplementary Retirement Scheme (SRS) was set up in April 2001 as part of the Singapore government’s multi-pronged strategy to address the financial needs of a greying population.The SRS complements the Central Provident Fund (CPF). Unlike the CPF Investment Scheme, participation in the SRS is voluntary. Participants can contribute a varying amount to SRS (subject [...]
CPF Investment Account
Sunday, March 12th, 2006How to open CPF Investment Account CPFIS-Ordinary Account You can open a CPF Investment account at any of the 3 agent banks listed below: Development Bank of Singapore (DBS) Ltd Overseas-Chinese Banking Corporation (OCBC) Ltd United Overseas Bank (UOB) Ltd You need to bring along your identity card and your CPFIS statement. Your agent bank [...]
Information about CPFIS
Saturday, March 11th, 2006The Central Provident Fund (CPF) is Singapore’s pension scheme set up in 1955 to provide financial security for workers in their retirement or when they are no longer able to work. Over the years, it has evolved into a comprehensive social-security savings scheme, which not only takes care of a member’s retirement, home ownership and [...]
High Yield Investment Program Fraud
Tuesday, March 7th, 2006The one thing that turns people away from investing more than anything else is high yield investment program fraud. This fraud is a ruinous scheme in which con artists lure unsuspecting investors into believing that their funds can be used to purchase securities at an enormous discount and sell them double the amount, typically during [...]
High Yield Investment Programs(HYIP)
Monday, March 6th, 2006The entire high yield investment program scene is thought by many to be seriously over-hyped. This broad scene is full of somewhat extravagant and over-optimistic claims. While some of these are overwhelmingly ridiculous; others have a cleverly contrived ring of feasibility shining through them. You would be very lucky if 3% of the offers you [...]
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