My 2 cents, no clear answer.

a. When you need some money, hard to withdraw from EPF unless you are above a certain age.
b. A disaster if EPF goes for the tiered dividend scheme, yes, can withdraw then but where to put it? Difficult to put into ASX.
c. Things may change with ASX doing better than EPF like in the early years.
d.
e.

Weigh the pros and cons, then decide. Not just on the higher EPF %.

You must have done well. What is your average returns all these years?

Interesting, what was the rationale? USD/MYR remains 3.5-3.8 in my head so I can't bare to convert at these rates 😅

Why would you put it in a single stock like Alphabet and not a index fund tracker ETF like Vanguard S&P500? The concentration risk is higher so you should be compensated with higher returns.

I think many here do these kind of investments outside of EPF. I guess you are saying that you rebalanced 10k from EPF to a single stock. EPF also has a substantial foreign equity stake so you would get some of that exposure there as well.

Btw, regarding 1mil saving and having 4-5% dividen yearly, one thing to remind, you are not using that 4-5% forever. When you are reaching, let's say 65 years old, you might start to make use of the dividen + some of the 1mil saving already, you won't be living till you are leaving this world and still don't touch that 1mil saving. And i believe, when you are getting older, you won't be still spending big amount of money into things that you usually would spend, examples, foods, traveling, etc due to health related issue.

1mil definitely can retire now, it just depends on your living style and whether you still have other commitments or not. Personally, i am aiming to be retired before 46 and have at least 4mil in saving and expecting averagely yearly 4% interest / dividends, at 13k per month to use. Once i reach 65, i will go all wild with the money and expect i will leave this world at 75 or max 85.

Some people want to leave something for their kids.

Huh??? Reported for what.??

How can that be? Don't think can simply report any reply. Check with admin to report the guy who simply report you.

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Anyway, back to EPF again. My boss said i shouldn't put so much money into EPF, he thinks when a country having issue, the first thing government will do is using the retirement funds. But i personally still having faith on Malaysia / EPF, been hearing Malaysia / EPF will bankrupt since i was 10+ (living in restaurant and listening rumours / gossips everyday, all these kopitiam uncles / unties like having some secret channels to know all these secrets things).

this is quite true and spot on though. I am on the path towards your direction to. myr is getting weaker (on a 10, 20 year track record). If you don't mind me asking, you divert your RM into overseas bank account like fd too? cheers.

Can get HBP and High Cholesterol pills from gov hospital?

Hi is Malaysian EPF a safe investment? Worried with corruption, weakening of economy… just a concerned citizen

I don't care about reporting. Let it be.

Don't listen to your boss. For me very simple. You keep in EPF means you trust the RM long term. Now some questions to ask yourself. How did the RM perform Vs the SGD, USD in the last 10-20 years.

Now think how will the RM perform in the next 10-20 years? Don't look at 5-6%p.a.  Are there any fundamentals change in the politics, economy, social that can push the RM up?

So what if they give you 5-6%p.a but your current is dropping say 2-3%p.a Vs other country currency? In the long run you will lose purchasing power. 20-30 years is a king time.

For me I am practical person. I don't trust the RM hence I never put extra into EPF. All my RM I diverted them overseas. That was 7 years ago and I am still doing that.

I don't bother about FDs or capital guaranteed stuff anymore after being shown by my teacher that by focusing on capital guaranteed stuff, you actually lose money in the long run.

Eg. Sp500 etf. Say returns 8%, 5% 15%, -3% 7%, after 10 years putting into sp500 will give you more than EPF.

I focus on high quality stocks. If you don't want stocks, can just buy s-reit in Singapore. There are some quality one in sg going for 5-6%p.a with increase of dividend by say 1-2%p.a

Heck, even sg banks paying 4.5%p.a will outperform EPF over long term as they are growing the 4.5%p.a by 7-10%p.a. Not to mentioned payout is in SGD and not RM. Hence double outperformance SGD currency and auto increasing payout yearly.

How is your returns in the 7 years vs EPF?  You should show that for comparison.

Down means down.

haha

say I give you 100k...but cannot withdraw for 30 yrs... what will you choose... epf or fd?...

you are disqualified...

You’re confused then