ya... also pidm protection only 250k...

epf is gov ponzi will always have fresh funds...

gold is not the safe heaven it once was...

long ago... currencies are gold-backed... then US decided to decouple it, and other nations followed... then starts printing USD with impunity... and starts weaponizing the USD...

currently evidence suggests not much correlation between gold and inflation... but nevertheless some ppl still run to it as hedge... but ppl run to USD more...

your fd rates are a bit high... see here from bnm... https://www.bnm.gov.my/documents/20124/7650790/2.1.xls

nevertheless doesn't change the conclusions... epf > fd...

no need to update or do corrections... just a fyi...


This post has been edited by dwRK: Oct 12 2022, 01:15 PM

he is correct... started at 2.5% then up only.... "Never once drop till 3%..."... hehehe...

stupid article trying to blame T20... come see below i made some minor improvements...


"All those championing special withdrawals, who happen to be mostly from the T20 category, cannot ignore politicians and their minions playing empathy cards to gain power, has ignored the danger that lies ahead."

"It appears that the low savings figures for the Bumiputeras have been brought upon by themselves and not by any unfair policy or manipulation."

"It has been said before that a struggling Bumiputera community can destabilise the political landscape.". "Their urge to withdraw their EPF savings even if they don’t have to This has now apparently succesfully created a huge burden for the government."

i like reading his posts...

when he got banned... i missed it sometimes...

i enjoy seeing how he spin spin spin... hahaha

occasionally he does post some good/proper stuff...

i do think he'd be a fun guy to hang out...

wifu keeps most her salary in fd... keeps bank hopping for new fund rates... i advice... now her salary directly go epf bypass 60k topup limit... hahaha...

i had to read this twice...

good idea.... but I think many will borrow cabut = early withdrawal... lol... but poor will be poorer again...

should be easy as system already exists... example using epf to buy mutual funds... not difficult to set up...

mof briefing says food inflation 5.7%.... >epf div... ;(

wah... luxury food...

+1...

if low enough... will borrow max... dump into usd fd at 5%...

they may have made the right decision... based on their criteria at the time...

somebody said... put cash under king size bed... lol...

what i meant is... there could be other considerations why withdraw all to just put in fd... i'm quite sure they know the dividend vs fd... example last time epf withdrawal very mahfan and take days if not weeks... also if "something" happens, easy to quietly withdraw from banks and not epf, etc etc... when we older we think of other priorities...

100kg can still carry ohh... hahaha... 100kg = RM 26.7mil wei... can just sleep on it liao...

nah... keep tered here... has been here donkey years... I know where to find...

once a year I come tcss... see ya 2024...

lol...

poor ppl got lots of bantuan rakyat/tongkat from gov and ngo already... then won't die from hunger... t20 paying more direct/indirect taxes already... also got many many new taxes for t20...

<10k doesn't mean b40 or poor ppl... lol... i think we all know this

should follow cpf... ppl >55 gets more %...

should follow 401k... early withdrawal pay penalty...

should follow bank... more savings more %

OK... I change my mind... let's give <10k accounts div+5%

-ve impact to >10k accounts should still be quite low... maybe < rm10... wild guessing didn't do the maths...

i think this is acceptable... maybe no need to fight it...