Investing CPF monies in Singapore stock market is bad

The proposal by the SBF for the two govt funds to invest in the local stock market to revive it before it goes into comatose is a good idea to some and bad to others. There is a debate going on with two sides offering differing views. I am of the view that investing CPF monies in the local market is bad for several reasons, some of my reasons are the same as those mentioned and I have a few to add.

Investing in the moribund stock market is a big risk. Don’t forget the foreign big funds have their super computers plugged into the SGX system and to trade against everyone. If Temasek and GIC were to put more money in the local market, would they also lose their pants like the other investors?

What I think many people did not know or could not see, but not Temasek and GIC, is that they are managed by very expert people and they should know better where to put the people’s life savings. They must have reckoned that investing in the local stock market is more dangerous than investing in foreign countries, including hazy dazy and funny 3^rd World stock markets. Of course the returns are higher as well in these funny countries and their stock markets. Not sure about the risk element. But after considering the two, it must be worth it and safer to invest anywhere else than in the local market.

This principle is the same like investing in foreign students, giving billions of dollars as scholarship to foreigners instead of to Singaporeans. Foreigners are the best. Foreign talents are the best including replacing our locals in jobs, top jobs. This is a very consistent policy. Foreign degrees from God knows where are better than our world class university degrees.

So, in the same line of thinking, any foreign company or stock market must be safer than our local stock market. Our stocks, degrees, our everything, is overhyped, over priced, over paid. Go overseas, everything is cheap and good. Investing in our local companies in the stock exchange therefore must be a bad idea, poor returns, higher risk and over priced. Investing in 3^rd world stock markets is the best. No risk, did I hear people saying no risk in 3^rd world stock markets? Or did I hear investing in American stock markets is safe? What about investing in top American and European banks, safe or not?

I have put up a very clever and solid case to invest everywhere except our stock market.  I rest my case. I also support giving more scholarships to foreigners, giving more jobs to foreign talents.

PS. Please forgive me for not knowing what I was writing. I think I must have taken something funny or I am thinking like our super talents. Did they say go with the flow?