Recently, I published a post on CPF Accrued Interest
that have gotten quite a bit of comments. You can find the post here.
Firstly I would like to apologize if the post was
insensitive. Also, I could not have chosen a worse time to post that online in
the mist of Singapore's General Election. I had turned off comments for that
post as some of the comments have gotten a bit political and that is not the
intent of the post or blog. I would like to clarify that I had no intention of
using that post to influence anyone politically. I have setup this blog to
document my financial journey and is not meant to be political in any shape or
form.
Secondly, I appreciate all the comments on what I had shared
in that post. Some of you have shared that accrued Interest could be bad for
some people which I can appreciate. I can understand how under certain
circumstances the accrued interest can be a drag on people's personal finances especially
when they get hit by unfortunate events through no fault of theirs. As with
most things, there are always multiple perspective to see a particular issue. That
post presented one point of view and I am glad that some of the readers had
commented on another point of view. On hindsight, I could have added the
alternative point of view in the post initially to present a more holistic view
on Accrued Interest.
Regardless, I hope the post and the comments it raised
served to present what Accrued Interest is and how it can affect you
financially. With better understanding of it, I would encourage people to prepare and plan for their finances early with better
considerations of Accrued Interest to help them positively instead of letting
it affect them negatively.
Lastly, I hope this post clarified the intent of my previous
post and I wouldn't have to turn off the comments for this post as well.
Happy Value Investing.
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