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> EPF Account 1, Where to invest it

Where to Invest EPF Account 1
 
ASW 2020 : Consistent Return [ 11 ] ** [33.33%]
Unit Trust : riskier but might get higher return [ 11 ] ** [33.33%]
Leave it in EPF : normal return but safe [ 9 ] ** [27.27%]
Any other options? [ 2 ] ** [6.06%]
Total Votes: 33
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atake
post May 18 2009, 11:58 PM


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What is your suggestion ?Where should i invest my EPF Account I.Currently i think i can invest more than 2K from my EPF Account I.Any suggestion from experience people?
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FirezZ
post May 19 2009, 01:13 AM


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can withdraw it out d meh ? i thougth it is meant for housing loan bla bla bla onli ?
thnaks
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atake
post May 19 2009, 12:50 PM


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Can.It can be witdraw to be invest in authorized unit trust,etc...any recommendation?
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thediablo
post May 19 2009, 01:45 PM


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For housing loan, it's using withdrawal frm account 1.
I've withdrawn to invest in PBank Islamic Equity Funds. : )
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Toriton
post May 19 2009, 01:50 PM


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QUOTE(thediablo @ May 19 2009, 01:45 PM)
I've withdrawn to invest in PBank Islamic Equity Funds. : )
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+1

Housing from account 2...
account 1 for retirement only... and investment which will go back into acc 1...

more info at:
http://www.kwsp.gov.my/index.php?ch=p2memb...rawtype&lang=en

This post has been edited by Toriton: May 19 2009, 01:56 PM
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alien0110
post May 19 2009, 01:56 PM


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EPF is ur retirement fund, better leave it there. Invest in unit trust only with ur extra money.
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Toriton
post May 19 2009, 01:59 PM


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QUOTE(alien0110 @ May 19 2009, 01:56 PM)
EPF is ur retirement fund, better leave it there. Invest in unit trust only with ur extra money.
*
invest the money if u think your unit trust consultant is good enuff doing his/ her job... or you yourself is good in investment... if not... you might regret it later... theres lot of cases where investor found out that they gain nothing from investing in unit trust...

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jeff_v2
post May 19 2009, 08:50 PM


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QUOTE(Toriton @ May 19 2009, 01:59 PM)
invest the money if u think your unit trust consultant is good enuff doing his/ her job... or you yourself is good in investment... if not... you might regret it later... theres lot of cases where investor found out that they gain nothing from investing in unit trust...
*
its a good idea for investing in unit trust from EPF...
juz u need to moniter it closely and remind the consultant to advise u when u making profit...
there alot of choice ex. PM and CIMB...

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Jordy
post May 20 2009, 01:34 AM


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QUOTE(alien0110 @ May 19 2009, 01:56 PM)
EPF is ur retirement fund, better leave it there. Invest in unit trust only with ur extra money.
*
Is it even ENOUGH for your retirement? If not, why let them use OUR money on useless projects? Make our own plan by investing in something we could really trust.
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omniknight86
post May 20 2009, 01:21 PM


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you can used it to purchase of property such as house or shops lot. but however choose the location wisely as if you buy the wrong location then you might face installment which you find it hard to cope with
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Jordy
post May 20 2009, 01:48 PM


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QUOTE(omniknight86 @ May 20 2009, 01:21 PM)
you can used it to purchase of property such as house or shops lot. but however choose the location wisely as if you buy the wrong location then you might face installment which you find it hard to cope with
*
omniknight86,

Please be aware that only money from Account 2 is eligible for loan repayments, and only for the first house (if I am not mistaken).
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omniknight86
post May 20 2009, 02:15 PM


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QUOTE(Jordy @ May 20 2009, 01:48 PM)
omniknight86,

Please be aware that only money from Account 2 is eligible for loan repayments, and only for the first house (if I am not mistaken).
*
TS does not mentioned is 1st time investment or what. so i just suggest him one, anyway everyone does it for installment of house. i do not think so is only for the first house because some friend of mine had brought the second house and still getting EPF out to pay for the house.
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numbertwo
post May 20 2009, 04:10 PM


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FAQ

2. Housing Withdrawal

To Purchase/Build A House

To Reduce/Settle Housing Loan Balance

To Purchase/Build A Second House

To Reduce/Settle Housing Loan Balance of A Second House
To pay for the Housing Monthly Payment amount


But to purchase orreduce loan for the second house, read this fine print :

EPF Withdrawal to purchase a second house is allowed after the first house purchased utilizing EPF has been sold or disposal of ownership of property has taken place. Disposal of ownership refers to 'loss of ownership of the first house owned by you either due to auction, surrender of property by court order, transfer of ownership because of love and affection, destruction of house due to natural disaster, abandoned housing project or cancellation of purchase'.

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atake
post May 20 2009, 04:30 PM


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My query more towards to Account I utilization for investment purpose :

I thought it will be a good idea to invest into ASW2020 as it capital protected and consistent return of >5% every year but my friend suggest me to invest in unit trust such as public mutual as i can get more than 10% a year with condition that fund perform well (not quite sure with the current economy situation ). Others said just leave it in EPF as it safe.So,what do you guys think?
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Jordy
post May 20 2009, 09:27 PM


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QUOTE(omniknight86 @ May 20 2009, 02:15 PM)
TS does not mentioned is 1st time investment or what. so i just suggest him one, anyway everyone does it for installment of house. i do not think so is only for the first house because some friend of mine had brought the second house and still getting EPF out to pay for the house.
*
omniknight86,

Please take a look at TS' topic (EPF Account 1). Housing and education loan withdrawal can ONLY be made under Account 2. That is stated VERY clearly in their terms. I take my words back on the first homebuyers issue, but do take a look at the fine print as posted by numbertwo (you can only pay for your second home's loan using EPF money AFTER you have sold your first home paid using EPF money).

QUOTE(atake @ May 20 2009, 04:30 PM)
My query more towards to Account I utilization for investment purpose :

I thought it will be a good idea to invest into ASW2020 as it capital protected and consistent return of >5% every year but my friend suggest me to invest in unit trust such as public mutual as i can get more than 10% a year with condition that fund perform well (not quite sure with the current economy situation ). Others said just leave it in EPF as it safe.So,what do you guys think?
*
Yes, what your friend said is true. But ask yourself these questions (as everybody can take different levels of risks).

- Do you think the stock market will be insolvent?
- Would you be making pre-matured withdrawal from EPF?
- What type of lifestyle do you want after retirement?
- Do you think that ASW will be paying a lot more dividend than EPF?

If the answers are mostly NO, then I suggest you invest them in unit trust.
If the answers are mostly YES, then I suggest you keep the money in EPF.

Frankly, ASW will NOT pay a lot more than EPF (maybe they would pay 1-2 cents higher than EPF), but what difference does it make on the few thousands? Please be aware that you can ONLY withdraw to a maximum of 20% from your EPF Account 1 for investment purposes, and you have a threshold level to adhere to (depending on your age). Do check if your Account 1 balance is sufficient to be invested or not before going further. If you need some help to do the checking, I am more than happy to provide you with free consultation.

This post has been edited by Jordy: May 20 2009, 09:29 PM
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omniknight86
post May 20 2009, 09:59 PM


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QUOTE
omniknight86,  Please take a look at TS' topic (EPF Account 1). Housing and education loan withdrawal can ONLY be made under Account 2. That is stated VERY clearly in their terms. I take my words back on the first homebuyers issue, but do take a look at the fine print as posted by numbertwo (you can only pay for your second home's loan using EPF money AFTER you have sold your first home paid using EPF money).


there are tricks that you can escape from this limitation which is widely practiced by friends around me smile.gif
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Jordy
post May 21 2009, 12:26 AM


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QUOTE(omniknight86 @ May 20 2009, 09:59 PM)
there are tricks that you can escape from this limitation which is widely practiced by friends around me  smile.gif
*
omniknight86,

If there are tricks which exist and which worked, do SHARE with us, else I don't really see a point of bragging of such "tricks" here.
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b00n
post May 21 2009, 12:39 AM


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Pls let us not deviate further from the original question. wink.gif
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cic.lemur
post May 21 2009, 03:54 PM


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Can anyone tell me how much money I can withdraw from EPF to make a house loan?

Lets say I got 100K in EPF,

How much will be in Account 1 & 2?

If I can only withdraw from Account 2, how many % of the money can I withdraw?

thanks
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numbertwo
post May 21 2009, 04:40 PM


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QUOTE(cic.lemur @ May 21 2009, 03:54 PM)
Can anyone tell me how much money I can withdraw from EPF to make a house loan?

Lets say I got 100K in EPF,

How much will be in Account 1 & 2?

If I can only withdraw from Account 2, how many % of the money can I withdraw?

thanks
*
if i'm not mistaken, you should be able to withdraw all from acc2 to settle loan, or buy house 1/2. As to the acct1/2 ratio, not sure..maybe 30/70 or 40/60.. u have to check.

This post has been edited by numbertwo: May 21 2009, 04:41 PM
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cic.lemur
post May 21 2009, 04:54 PM


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QUOTE(numbertwo @ May 21 2009, 04:40 PM)
if i'm not mistaken, you should be able to withdraw all from acc2 to settle loan, or buy house 1/2.  As to the acct1/2 ratio, not sure..maybe 30/70 or 40/60.. u have to check.
*
Thanks.

To settle loan you mean if I get a bank loan to pay for house, I can later withdraw from EPF to settle some of the loan? But I can only do this once, to buy the first house right (I mean legally).
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numbertwo
post May 21 2009, 05:04 PM


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Hi, cic.lemur...
yes you are right..
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Jordy
post May 21 2009, 05:39 PM


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QUOTE(numbertwo @ May 21 2009, 04:40 PM)
if i'm not mistaken, you should be able to withdraw all from acc2 to settle loan, or buy house 1/2.  As to the acct1/2 ratio, not sure..maybe 30/70 or 40/60.. u have to check.
*
numbertwo,

For your information, the actual ratio for Account 1 and 2 is 70:30 smile.gif
So in cic.lemur's case, he would be having RM 70k in Account 1 and RM 30k in Account 2.

QUOTE(cic.lemur @ May 21 2009, 04:54 PM)
Thanks.

To settle loan you mean if I get a bank loan to pay for house, I can later withdraw from EPF to settle some of the loan? But I can only do this once, to buy the first house right (I mean legally).
*
Based on what numbertwo has pointed out, it is not only restricted to the first house. It is actually for ANY one of your houses (be it your first or second). Please be informed smile.gif
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cic.lemur
post May 22 2009, 09:12 AM


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QUOTE(Jordy @ May 21 2009, 05:39 PM)
numbertwo,

For your information, the actual ratio for Account 1 and 2 is 70:30 smile.gif
So in cic.lemur's case, he would be having RM 70k in Account 1 and RM 30k in Account 2.
Based on what numbertwo has pointed out, it is not only restricted to the first house. It is actually for ANY one of your houses (be it your first or second). Please be informed smile.gif
*
Ok Thanks
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tkhoo
post May 22 2009, 05:01 PM


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the trick might be refinance your 1st house for higher value before the loan end. Get the refinance extra $$ in cash and pay for 2nd house. So your 1st house still under loan and get $$ from EPF acc2 to pay for your 1st house. Correct me if I am wrong.
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cic.lemur
post May 28 2009, 11:53 AM


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Hi, got another question hope someone can help, what if I buy my first house without using EPF, when I buy the second house can I withdraw from EPF?

In other words, my question is, can the EPF account 2 be used only for your first house, or can it be used to buy second house provided you haven't used it to get the first house?

Thanks
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Jordy
post May 29 2009, 09:10 AM


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QUOTE(cic.lemur @ May 28 2009, 11:53 AM)
Hi, got another question hope someone can help, what if I buy my first house without using EPF, when I buy the second house can I withdraw from EPF?

In other words, my question is, can the EPF account 2 be used only for your first house, or can it be used to buy second house provided you haven't used it to get the first house?

Thanks
*
cic.lemur,

Didn't you see my previous post?

QUOTE(Jordy @ May 21 2009, 05:39 PM)
numbertwo,

For your information, the actual ratio for Account 1 and 2 is 70:30 smile.gif
So in cic.lemur's case, he would be having RM 70k in Account 1 and RM 30k in Account 2.
Based on what numbertwo has pointed out, it is not only restricted to the first house. It is actually for ANY one of your houses (be it your first or second). Please be informed smile.gif
*
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cic.lemur
post May 29 2009, 11:22 AM


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QUOTE(Jordy @ May 29 2009, 09:10 AM)
cic.lemur,

Didn't you see my previous post?

For your information, the actual ratio for Account 1 and 2 is 70:30
So in cic.lemur's case, he would be having RM 70k in Account 1 and RM 30k in Account 2.
Based on what numbertwo has pointed out, it is not only restricted to the first house. It is actually for ANY one of your houses (be it your first or second). Please be informed
Actually what you mean, is it you can buy using account 2 for your first house and then you can buy using account 2 for your second house? Or if you didn't use account 2 for your first house, then only you can buy second house using account 2. Coz if you mean the former, some other posters say can only do this if you cheat the epf guys.
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