lets hope we don't need to experience the effect of 2.5% min guaranteed return as provided by GOM.

that would be scary but interesting to see the effect... at least then people realize that EPF is a fund manager and any guanrantee must come from third part...




(if 30% were overseas, and if 20% crash on that 30%, there goes 6% return... luckily 70% earning 4% get back 2.8%. so need to cover 3.2%... just a silly calculation)

This post has been edited by Wedchar2912: Mar 11 2025, 12:01 PM

may accelerate, but won't empty it out within our lifespan... cos net contribution is still positive.

who knows... some is of the opinion that EPF is too big and that is causing difficulty in generating good returns. If many withdraw, we can see the result of this experiment too. hah

very true... -20% is not that rare...

except that EPF didn't really invest much in equities back during the dot com period.
I just don't recall if EPF invested heavily in equities prior to GFC or after...

But currently it is a bit diff... 30++% is in equities.

anyone have more color in this? google and chatgpt didn't help much...

tq for the data... you got it from the kwsp report itself, or ur prompt is better than mine in asking google?

so now if any impact, it will be more pronounced...

only end of the year will know...

Norway's is a actual sovereign fund, funded by gov of Norway, It contains the word Pension, but it is funded by their government (by their petro chem industry, but this point is mute).
Khazanah comes to mind for us here in Malaysia. or Temasek in SG.

Somehow, since this is posted in EPF thread, I just feel we all should be aware that KWSP/EPF Malaysia is not a sovereign wealth fund,
but a actual fund, funded (pardon my pun) by actual EPF members who basically consists of workers in Malaysia pretty much.
It is a defined contribution fund, and EPF is mandated to manage this fund for the purposes of EPF member's respective retirements.

So tell me... should EPF focus on achieving the best return for its members or do something else?

I think no need lar to be so worried... Just do a monthly download of the statement details and keep them. If anything bad but not scam type such as system error, the monthly statement should be good enough for you to based your argument with EPF customer service.

then again, when EPF made up a large chunk of my networth, I would login everyday to look at it and make sure the first 3 digit remained the same...
nowadays, i don't even login once a month anymore (unless I make a withdrawal on the day)

This post has been edited by Wedchar2912: Mar 26 2025, 01:13 PM

haha... maybe can even get a good hearted scammer who, seeing the rm20, feels bad and deposit a few hundred in...

who knows... heard such stories before... lol

EPF wants to control how well the members retire... the members now include non-citizens.
even members with more than 1 million in EPF, EPF also feels compelled to baby manage them too...
see how good EPF is...

CPF? not my concern nor my problem.... I am not a citizen nor PR nor worker of SG.

lol

Hence my earlier point about baby manage even these people. Does this make sense?

Say there is an super healthy athletic person. His choice to drink full sugar coke, but disallowed. Excuse he should know better or he most probably won't drink also???
his choice rite?

What's Epf for to begin with and why the 1 million limit?

Hence my point. The law is 1 million limit and it got changed.

So pls don't spew nonsense about history or about all countries are the same.

If you don't know, then no need to simply reply.

I repeat again, what law are you talking about? And why 1 million limit until recently?

And don't lie about 100 million. Talking about long ago... I may as well say you were not born. So why waste the effort?

EPF said the withdrawal of savings of more than RM1 million was first introduced on Nov 1, 2007 as part of the ‘Beyond Savings’ strategic initiative.

source: https://theedgemalaysia.com/article/epf-sav...rawal-cut-rm50k

This post has been edited by Wedchar2912: Mar 27 2025, 07:50 PM

haha... maybe EPF also wants to celebrate raya without people heading to their office and demand to withdraw money... during the festive season...

Supposed to...

This way at least EPF already told everyone holiday or not, system down... don't come to EPF office.

Until now, people still asking if Monday is a holiday or not...
I know banks are not open cos BNM already declared its holiday, but people still ask.

ai yoh.... I now can see it is my fault for having too much money in epf.
even though I took out a lot already, I still have like 6 times above the enhanced recommendation for my age.

We really need baby sitting by EPF for our own good.

I support debit card or debit app from EPF.... may as well make it easier for members who kept on insisting of withdrawing from EPF...
but set a hard limit of say 500 to 1000 rm per day for transactions to ensure better safety...

the limit should be small enough that scammers may not bother with it... but decent limit for members to use the card for daily expenses...

does this mean if EPF allows this card, EPF really don't want too much money in its aum?

This post has been edited by Wedchar2912: Apr 2 2025, 12:36 PM

I think you did notice my hidden sarcasm...

the mechanism/rules for bleeding money out of one's EPF accounts are already established whether we agree or not... especially for those who has no biz to take anything out cos EPF claimed these people are too poor to retire....

Since someone recommended epf debit card, I see it as no change as this is just a simplied process of taking money out, bypassing banks only. may as well set limits to how much one can take out per day to limit risk of being scammed too much....

just treat this as a virtual "COVID-19"-like trade impediment... and let it play out over 6 months... ie until the excess inventory in the USA's supply chain depletes....
then the full effect will be seen....

USA imports stuff that it could not or would not produce itself... Allow the citizens/gov try produce those stuff first... no harm done.

But have to give it to Trump... he managed to gaslight the public that trade deficit is tariff... tariff means trade deficit... lol

For us, and wrt to EPF, damn lucky this is happening middle of the year.... not end of the year...

What has margin got to do with anything?

U borrowing money?

shariah portfolio????

at current juncture, u still think 5.5% is possible?
then again, GFC we still get 4.5 if memory served me.