lonewolf wrote:By keeping the shares, you will be entitled to future dividends payouts, capital redistibution, capital appreciation etc.. That to me is a much better option that cashing out and getting 2.5% interest.
Tat's a good point, but do note it's only recently that SingTel hits the current > $3 price. For many many years, there's hardly any capital appreciation (& it can depreciate as well).
In my case, I encash it to pay off my 4.4% housing loan. So I guess it'll depend on your usage of the CPF money as well.
lonewolf wrote:I beg to differ.
Since the shares is in CPF, by selling them, your CPF savings get credited with around $2000.
By keeping the shares, you will be entitled to future dividends payouts, capital redistibution, capital appreciation etc.. That to me is a much better option that cashing out and getting 2.5% interest.
Regardless of whether you invest in shares or not, everyone should have a CDP and a brokerage account. You never know when it may comes in handy.
woonlm492 wrote:Hi everybody,
Apologies for asking some noob questions here :-
1) What are these discounted shares and since they're discounted, what is
the price ?
It does appear attractive to hear such news of "discounted shares" right? Not sure whether it is really at a discount rate or not when it was first introduced. These shares were made available in the year 1993 by the government to eligible adult Singaporeans at $1.90 each of ST A share & $2.50 each of ST2 share in 1996. Refer to No. 6 of link: http://mycpf.cpf.gov.sg/Members/Gen-Inf ... Shares.htm
2) How to buy - with CPF and cash ?
This is an initiative in the year 1993 & 1996 only, so you cannot buy the discounted Singtel shares using any CPF and cash now. However, you can still purchase Singtel shares, at the current market rate via online stock portal or brokers.
3) Come with dividend too ?
Yes, it does come with dividend.
4) Why is Singpost stopping to sell these shares ?
Ans: http://mycpf.cpf.gov.sg/CPF/News/News-R ... eb2007.htm
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