Might be I hv overlooked this part. not sure about difference between
early of month and end of month.

Can someone workout what is the difference? Lol

out of 15 million working  + retired  adults.

that is roughly 0.5% of working adults + retired adults.

But EPF should not be the only "savings" one has.... we again fell for the same mistake.

For a prudent persons, EPF is just part of one's portfolio.

I had been wondering about this for a while, but unable to find any stats or public info with regards to proportion of one's networth is in EPF. This would be a great benchmark for reality check.

Of course mathematically, assuming one contribute 11+16% into EPF and in same time, you put in same 27% savings and earn the same type of returns as EPF, one would have 50-50 proportions in EPF vs DIY.

that would be a great overall savings number to achieve: about 50% savings of gross income.

Generally, i am in that portion too.
The DIY part being totally in foreign currency assets, especially SGD and USD.

Yes. Gold essentially is USD.
I have been out of Bursa for some time. In a serious manner. I hold some Maybank shares since they were Rm3.
But that's about it.
I trade a bit when the conditions are right. Better than FD. 

my saving is more than 50% of my gross.
I cant foresee how my EPF can go near 50% proportion.

i  like to believe if one has RM5 million in EPF he cant just be having total of only RM10M.

Like you have 20% in EPF now, i dont see how it can  keep increasing to 50%
as your other 80% money surely cant lose out to what that 20% EPF can earn right?

btw, 50% savings rate is very high... because that leaves only like 20% of one's pay for spending. In this example, it is like 2K monthly spending on a salary of 10K.  Super impressive really.

you missed the main point,
sure i know the exact reason why my EPF portion so low
i only dont know why others  EPF portion so high.

what do you think about the saying if you have  RM1 Million in EPF, you  would have many more
millions else where

so more interesting to show some calculations how high income earners
would end up with  EPF money  as 50% of his total asset.

u gimme only rm2k to spend very cruel.
Big saving amount does not mean can beat EPF  return.

Smaller saving amount doesnt mean people cant beat EPF 6% return.

ask Ramjade i am sure he
will tell  you what is  EPF return only 6-7%...too low for him.

How likely 2022 epf dividend would be? With the withdrawal allowed during covid pandemic, will it benefit for those stay put one?

It’s just a yardstick for my decision. RM60k whether put in EPF, ASNB or FD is not going to change my financial position significantly.

So what's next? Ask to withdraw money from Tabung Haji?

Bro Wedchair,

If USD dumps...I think kwsp dividends will oso drop. 25% in USA denominated funds? But, the dollar milkshake guy, Brent of Santiago Fund n Jim Rickards says many more years b4 it happens.

But how come we only hear Ang moh cakap, we Asians really need to step up le...maybe, it's language barrier.

I beginning to think Jakarta has inclusive culture le....maybe, open roti shop there. Shud be great travel opportunity, big country.....or even Sarawak.

But the problem is S&P dropped almost 20% in 2022
while our ringgit weakened about 6% in 2022. net effect is down 14% almost.

i guess that is financial planners always say that income and expenditure should be in same currency to remove currency risk.

Guys what's the expected dividend for Y2022? Can we top 6.0% or are we looking at something closer to 5.5%, or even lower?

You should tell that to the capitalist system that you are actively investing in.
That they are abusing the capital markets with their billions.
Hypocritical.

friend... I understand what you mean. But no way u can get 7.5% just by screwing those above 1 million, even if you set the rate to 0%. There is just not enough funds belonging to those above 1 million.

using the stats of active members (I can't find the stats for all members), funds belonging to those with more than 1 million rm is around 110 billion rm. Funds belonging to all active members below 1 milion is around 616 billion.
how is the div of 110 billion going to double the div of the 616 billion cohort?

have to aim much lower limit.

I think the edge also tried to do so and the difference of dividend is just 2% and that article had to set the limit to like 50 to 100K below and screwing everyone above that. If someone remembers the article, appreciate including it here.

edit: in a way, that's why pyramid scheme can only benefit the top... no "reverse" pyramid scheme can work for long term

The difference between rich and poor is the rich has very rich grandfather, grand ma , father and mother or inheritance from the past generations.  Asset producing asset like land, properties, biz etc etc.  The poor...they don't . they have poor grandparents or parents, even worse...they have to bear their parents or grandparents debt . or liabilities of their parents such as medical bills , insurance etc etc.
I may be struck by lighting if i say poor parents will cause their children or their next generation remain as b40. that's what Robert Kiyosaki in Rich Dad Poor Dad try to point out.

https://www.thestar.com.my/news/nation/2023...f-life-or-death

“This (the withdrawals) will burden the next generation if there is not enough money for retirement – especially those in the middle- to low-income group, where children will become the ‘sandwich class’,” said the chief executive officer of Areca Capital Sdn Bhd.
i still stick to EPF thread where the rich can easily have few millions in EPF below 30 years old. House.... bought by parents....car bought by parents...university education....fully paid by parents. so, 1 million in EPF quite easy to achieve right? No? .

yes. No doubt there are high income earners or successful businessman or business woman out there without rich parents. Onlyfans is the way (this is joking k.)   

Those who think EPF's performance is proportional to the dividend better RETHINK.
It has never been like that.
New government will want to invoke a feel good start for the rakyat.
What better way?

Look. There were some obvious great years of earnings. Yet the dividend given is not reflective.
Vice versa, some bad years and yet.
We have discussed this before.
Surely there is some retained earnings in the accounts to smoothen the awards through the years.

EPF is not apolitical. Obviously.