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Fund Investment Corner v3, Funds101
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Sotsotzaii
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 Sep 3 2024, 06:55 PM
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Hi all, I'm a freelancer, basically managing the website / editing part of the job scope for a friend's overseas company.
Let's say that for example every month I have only RM 200-250 of extra money, and I get to choose between putting it in long-term investment like ETF or EPF, which should I go for ? I know it's mandatory for employees to put 11% of their monthly salary into EPF, but as a freelancer, where should I choose to put this extra cash into ? EPF or ETF investments ?
This post has been edited by Sotsotzaii: Sep 3 2024, 06:56 PM
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Sotsotzaii
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Sep 3 2024, 08:13 PM
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QUOTE(MUM @ Sep 3 2024, 07:51 PM) Put in EPF may be eligible for tax relief So even me being a freelancer, I should make it a habit to put 11% of my monthly salary into EPF consistently ? |
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Sotsotzaii
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Sep 3 2024, 08:27 PM
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QUOTE(MUM @ Sep 3 2024, 08:20 PM) Built up your emergency funds 9f around 6 -12 months of monthly required expenses first. Then only decide where you want to put that extra into. Regarding the % to save, ...as much as possible but can also no need all onto kwsp. As Money into epf has lock in period. If you are young, learn to built a portfolio of etfs for your investment portfolio Ok got it, so in that sense, EPF will be the last option for me, and only to put into EPF if I have extra funds, if not then put aside savings, then ETF investment ( which I am already putting in monthly ) then lastly EPF right ? |
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