Ai yah. Why take into heart what is posted here?
Some flex wealth. Some flex pretending to be knowledgable. Many just want to annoy others.

Glen through for any useful info. Rest just ignore.

Unless somehow you are a super competitive alpha person who has been always ahead of any "game" in life.

He is right to review as circumstances have changed. Not only did EPF decide to change the limit from 1 million to 1.3 over 3 years from 2026 onwards, but any sane person has to consider the fact that this limit will keep on increasing due to their framework. Basically its inflation (+ forecast future inflation) on cost of living. So, logically one can expect this 1.3 limit to keep on adjusting up by some amount like 100K rm every year. (which means without any additional contribution, the dividend alone cannot catch up also for those at around the limit of 1.3 million).

So i think the deciding factor is whether your friend plans to work till 55 at least (for now, can still take out after 55), or he has other sources of income besides EPF after his retirement (if retire early).
As he is mid 40s and already has above 1 million in EPF, basically means he doesn't need to touch this funds... and by 55, he would have way more than 2 million in EPF... even 3 or 4.

Those who are not working but in their 40s, need to plan and rethink a lot harder.

Haha. Well. Some here have way more than 1.3 in EPF. I think got one or two with higher than 4 or 5 million. So to them, what is 1.3 limit?

Others such as myself, just cut my position/exposure in EPF until it is at a level where it is no longer significant. Then no need to worry too much about whatever shock coming from EPF management.
And I did my portfolio realignment since end last year. It is unfortunate that I've been proven not wrong.

Now my concern is whether I should reduce further my exposure. I do like the div yield while the limit remained at 1.0 for 2025.

This post has been edited by Wedchar2912: Dec 20 2024, 04:55 PM

do not quote me... as I have no proof...

but I have the impression, vaguely, that long ago, there was the "noise" about how EPF was becoming too big=> causing the return to suffer.
This was before EPF was allowed to invest overseas. something like that. all this was back in late 2000s or early 2010s.

and it was not meant to be used as CASA, as previously, the minimum amout to withdraw was 50K rm.

maybe another forumer with better memory can share.

It does... then again, to be fair, the complaints were across different years...

herd behaviour almost.

well, none of us can guess what that means rite? last year conventional side kena bufferred like mad... low 90s percent payout if I remember correctly.

edit: nothing to see here.... don't know why conventional pot kena buffered last year...

This post has been edited by Wedchar2912: Dec 25 2024, 10:36 PM

but but but... isn't that the truth????

but yeah.... not worth it to kena banana just for saying the truth...

CNY falls on 29 (wed).

so to be really safe, better send on Friday 24th, as T+2 (biz days) will be on Tuesday 28th.
extra safe, send Thursday 23rd in case some nonsense about system tergendala.

especially those type of system upgrade that some banks love to do over weekend and near a public holiday... very weird how they pick rollout dates.

even entering carparks in mall using credit card I also have expect system delay cos kena like 2 to 3 times already. cannot leave. lol

Yeah. The way I see it is basically for every 10K rm, 1 days just means 1rm opportunity loss. So earlier by 2 to 3 days just means 3 rm. Similar to 1 bottle of coke. Hehe.

I personally prefer safer than lose 1 month interest of almost 6% div.

what if the payout ratio is in the 80s percent?
nothing is stopping this.

in terms of timing of dates within a month, -3 to -5 biz days from the end of the month should be more than safe enough. (i personally do this)
you know lar... malaysia banking system and tech sometimes can be a bit unreliable.

then again, some claim -1 biz day is good enough... cos of the tradeoff of opportunity costs (others calculated some examples earlier already... can just refer)

lol...

that is theft... but setting up tiering of dividend rates based on aum is not theft?

lets create an example:
amount between 0 to 100K: gets 10% pa
100K to unlimited: gets 3.5% pa

this is all about "engineering a harmonious society"... lets help the super low aum members first.

ok?

Why you changing the limit?

Nevermind.lets entertain you.

Do you allow any amount above 1 million to be accessible? Remember, gov already said new limit is 1.3 million in a few years.

Btw, you really should go and beef up your knowledge on how CPF works and their mandate, vs EPF. Hint hint: what does CPF "invest" in. Else you just sound silly. Social contracts. Lol.

Edit: no wonder in malaysia got silly people who thinks they didn't steal anything of they just return the same amount back after a few years. Great math. Haha.

This post has been edited by Wedchar2912: Jan 7 2025, 04:21 PM

Then why are you speculating and creating fake news about dividend tieing?
facts? What rubbish social contract. Show that to all of us where that is for EPF?

Btw, why you speculating about how EPF should follow cpf?

What a hypocrite.

or those who early retired...
or those working overseas...

very true, but it is the loophole left by gov... in reality, its not much both to these group nor gov... especially nothing to gov... so no point closing the loop...

oh yeah, even kids/young adult can get i-saraan...

gov should extend this to all UT/ASN/bank accounts too...

safety vs freedom/rights... safety comes first...

Seems like it.

website also up already too...