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 EPF DIVIDEND, EPF

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coolguy_0925
post Jun 27 2024, 09:04 PM

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QUOTE(nexona88 @ Jun 27 2024, 07:50 PM)
Just see the EPF website already know the withdrawal have been peaked....

Those want to withdraw already did so...

Those want to wait & see, already 3bil $$$ parked in account 3... Waiting for right moment / opportunity to move....

So totally 10bil $$$
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One month withdrew MYR6.98b

No wonder mall + restaurant everyday full & airport everyday like wet market

TQ EPF!
coolguy_0925
post Jun 28 2024, 11:52 PM

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QUOTE(nexona88 @ Jun 27 2024, 10:24 PM)
Heyyy ..

Don't forget all the workshops & cars accessories too...

All good businesses for 1m++ period
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Good lo everyone happy, Govt approval rate also up grin.gif

Coming months also still can suka suka take 10% out, happynya grin.gif
coolguy_0925
post Jun 28 2024, 11:54 PM

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QUOTE(nexona88 @ Jun 28 2024, 05:58 PM)
Dividend same or not...

There's better option out there...

Off coz high risk too...

Boss Ramjade can show the way 👌
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inb4 EPF 5% is rubbish & MYR is forever depreciating lah grin.gif
coolguy_0925
post Jun 29 2024, 01:30 PM

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QUOTE(nexona88 @ Jun 29 2024, 07:48 AM)
Not for long (maybe already dropped as for now).
Thanks to multiple reasons like high cost of living, subsidized stuff gotten cut drastically, MAHB - Blackrock etc.

Later comes back the old demand

10k EPF withdrawal
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already got but not many and so can still ignore lol

QUOTE(Ramjade @ Jun 29 2024, 08:19 AM)
Well it's true. I don't NATO but walk the talk.
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ya ya right doesnt matter to me you nato or walk the talk cause it is none of my business

even with MYR I dont need to sweat to retire early so why bother wasting my life from enjoying life to look for more money :grin:

QUOTE(sp3d2 @ Jun 29 2024, 08:34 AM)
Taking into consideration that your capital is well preserved and zero risk, average for 5.5% every year is not bad at all for me.

Provided u don't have a dream of migrating and living in Western countries and aim for retirement in Malaysia (ya myr sucks)
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if earn and live there also barely survive unless paid decently not like can be filthy rich being an average joe M40... all the diff is if you work high currency but spend MYR.. if managed to get such deal la

so MYR sucks but still not till cannot survive living here unless not fairly paid... tracking back my cost of living past 15 years... actually 3% only YoY but other currency strong how about inflation living there... well at least I still can eat out here regularly

afterall vellfire omoda 5 iphone still selling hot

This post has been edited by coolguy_0925: Jun 29 2024, 01:31 PM
coolguy_0925
post Jun 29 2024, 03:00 PM

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QUOTE(Ramjade @ Jun 29 2024, 02:42 PM)
Well it should be your business. If you don't take action you lose future purchasing power. You work so hard and see your money gone just like that (lose value)? Not for me. I work so hard for it, I am going to preserve it as best as possible.
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You work so hard still need to worry about it means you are underpaid lo

If fairly paid with YoY adjustment even a 5% from what you saved is more than enough to last until you die what is there to talk about purchasing power lost

Well to others sorry for OT but I am also somehow defending EPF with my reply.. hehe

Again, EPF is help you to retire not help you to get rich. Get the expectation right then you wont be disappointed
coolguy_0925
post Jun 29 2024, 03:12 PM

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QUOTE(nexona88 @ Jun 29 2024, 03:06 PM)
I know it's kinda still early to discuss... June also not end yet 😋

Anyone got opinion how would be Q2 EPF numbers performance would be??

With all the scandal going around.... Account 3 withdrawal of 7bil $$$ and balance 3bil waiting for withdrawal....
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Even last time said Q1 Q2 Q3 shooting at last also no 6% and now with withdrawal and 2Q to go... I expect same or slightly better than 2023 by dividend date
coolguy_0925
post Jun 29 2024, 04:00 PM

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QUOTE(Ramjade @ Jun 29 2024, 03:46 PM)
It's simple concept.
Eg you have RM1m now. Do you want your future retirement fund to be worth say RM800k RM600k (today money) in the future? Sorry but I want my EPF to be worth RM800k Vs 600k in the future. Why should I take a lower retirement value?

You are welcome to defend EPF.

You do what you think is best for your retirement fund and I will do what I think is best for my own retirement fund. My money is not your money and your money is not mine money. So jaga suit sendiri.biggrin.gif
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That is if you have a million to begin with

While you still working on it many already past that working hard time

Now good that you learnt my money is not your money

You dont like people telling you what to do right

Now you know lol
coolguy_0925
post Jun 29 2024, 10:49 PM

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QUOTE(nexona88 @ Jun 29 2024, 06:02 PM)
Q4 results is the final piece of the pie 😁

Okay. No use talking then... Case close
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Well kena bitten once so... scared already ha ha ha

QUOTE(Ramjade @ Jun 29 2024, 06:35 PM)
No need to have 2. I dont even bother counting my EPF. But I do everything that I can to maximise the returns I get without me putting in an extra sen. I don't take low value for an answer especially when I know I can do something about it.

If there is nothing I can do. Fine.

I already run my number. Must be 2x what I am earning today.
Actually i like people telling me I am wrong. I wouldn't be where I am today if someone didn't point out my mistakes. I was a pure die hard amanah saham fixed price guy. I was like you. Defended amanah saham every time some one criticise it.

Someone came along showed me the way. That's how I opened my eyes and realised what a fool I am.

No harsh words towards you but just my own experiences. I was so stupid back then.

Someone told me the same thing. Your money. Not my money. Do what you think is best for your money, your future purchasing power and your family future money. These exact words stuck with me until today. Can't really remember the exact words but more or less the same thing.

Anyway peace.
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I am not saying you are wrong investing your money the way you want

What I am pointing out is, the objective of EPF is not to make you rich but to help Malaysians in our retirement days

To maximise return there is a risk and can EPF take the risk and giving out volatile returns YoY? Like -10% during COVID and +10% when booming?

Hence, I do not agree when you were always telling every Tom, Dick and Harry that EPF is useeless invest elsewhere

That is all I am trying to tell, you don't know who else are reading especially newbies just wallup because RAMJADE said MYR no future EPF sux

Yes it is their fault for not doing detail research before their own decision but I think I can try help painting a more complete picture rather than just telling them EPF can't help
coolguy_0925
post Jun 29 2024, 11:08 PM

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QUOTE(Ramjade @ Jun 29 2024, 11:04 PM)
For me, as a newbie I would be grateful if someone pointed to me what happen if you put in 100k into EPF Vs 100k overseas. Better tell me now Vs let me find out like 30 years down the road..That's why I was thankful for the person who pointed out to me when I started my journey.
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AGAIN... all you had pointed is EPF sucks & overseas sure happen to get higher

In fact, who can be sure? No risk?

This is the part you are hiding and always avoiding to talk about

Every reply is EPF is surely confirm 1000% worse

Like overseas never crush before?

You can twist and turn but all in general back to one rule

High Risk High Return

No such thing as high return but you don't need to take any risk

Dream on

This post has been edited by coolguy_0925: Jun 29 2024, 11:08 PM
coolguy_0925
post Jun 29 2024, 11:11 PM

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QUOTE(sp3d2 @ Jun 29 2024, 11:08 PM)
hi Mod. can you monitor this thread and make sure the topic is about EPF and not about comparing what is better than EPF. This is to make sure this thread is informative with relevant to EPF only.
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Agree somehow

Tired of people kept telling EPF sucks in EPF topic but never acknowledge the risk of the other 'brighter' side

Twist like no tmr so better let mod help to stop him
coolguy_0925
post Jun 30 2024, 09:24 PM

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QUOTE(nexona88 @ Jun 30 2024, 07:00 PM)
https://www.kwsp.gov.my/w/epf-records-distr...ion-for-q1-2024

29.13Bil MYR for Q1 2024

meaning around 9Bil per month
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okay... so max is near 1bil a month out from A3 but unlikely la as still some will still transfer back to A1 & A2

Probably will have data few months after August average how much A3 withdrawn every month
coolguy_0925
post Jul 1 2024, 02:04 PM

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QUOTE(nexona88 @ Jul 1 2024, 09:20 AM)
But what I'm scared of..

Sudden change of policy...

EPFn/ gomen. allowed like the previous 10k withdrawal.... To stimulate the weak economy...
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I believe such influence is one of the risks of EPF

If the return eventually fell into uncompetitive level like less than 5% where other low risk instruments such as ASNB funds can give on par or better, with higher liquidity I am sure there will be less voluntary cont or even higher withdrawal

But no need worry of the capital because like you mentioned, roughly 9b each month incoming mandatory cont... even inside kosong also can pay you when you pencen
coolguy_0925
post Jul 1 2024, 09:27 PM

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QUOTE(nexona88 @ Jul 1 2024, 07:57 PM)
Got another group of people

Eying account 1 $$$.... To be transferred into account 3...
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I am pretty sure this topic will never end grin.gif

After allow x% another voice want y% until 100% grin.gif
coolguy_0925
post Jul 12 2024, 05:55 PM

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QUOTE(nexona88 @ Jul 12 2024, 10:30 AM)
Ooh can do at kiosk now...

Good...

Don't need take number & wait for our turn to head counter 👌
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nowadays maximise self service and you can just verify thumbprint at self service kiosk

the counters are rather freed up

good also unlike my 1st withdrawal long ago need to do it OTC

but... if you kena all kiosk hogged by slow ones then you need to stand there waiting lol
coolguy_0925
post Jul 12 2024, 11:04 PM

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QUOTE(nexona88 @ Jul 12 2024, 07:39 PM)
Good to have all these kiosk around 👌

Those days don't have... All OTC 😭

Normally those goes to kiosk is technology savvy type... Old school technology noob all straight to counter 😋
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oh now even you want to go to counter the Enquiry giving out queue tix will tell you to go DIY at kiosk

so you will not even get a chance to go to counter for transactions that can be performed via kiosk grin.gif
coolguy_0925
post Jul 12 2024, 11:10 PM

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QUOTE(nexona88 @ Jul 12 2024, 11:07 PM)
Walao...

So counter staff all shake leg lorh 😋

Better use them on the street.... Do roadshow on EPF... At least some benefits
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Can see lesser people waiting but somehow still have

Really a lot of people in there one sometimes can say even busier than a bank
coolguy_0925
post Jul 13 2024, 09:53 PM

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QUOTE(nexona88 @ Jul 13 2024, 08:04 AM)
It's good idea too

But is possible??? Later create another big issues.....

So I'm doubting...
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LHDN did something so not impossible for EPF to do so

But to be frank how much can this save vs gaji elaun bonus etc for those big shots

Read this
coolguy_0925
post Jul 13 2024, 10:44 PM

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QUOTE(nexona88 @ Jul 13 2024, 10:37 PM)
Ooh those contract staff huh...

EPF got contract staff???  Didn't see it before??

LHDN probably because peak tax seasons time...
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Agree probably EPF don't have but only internally knows

Well, we can only trust their governance

Nothing much else we could do grin.gif
coolguy_0925
post Jul 30 2024, 10:49 PM

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QUOTE(nexona88 @ Jul 30 2024, 10:26 PM)
https://www.nst.com.my...260400-scammers

Bank officer also can lose 260k EPF $$$ to scammer
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thats why to me the issue is not with the device, SMS OTP, 12 hours cooling off period or lack of education

already so many measurements, education, news and still almost every week can see news Malaysian got scammed few hundred k
coolguy_0925
post Jul 31 2024, 10:32 PM

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QUOTE(nexona88 @ Jul 30 2024, 10:51 PM)
Today I read about Luno issues...

Something like that too....

Banks would just spin saying everything in place... Don't blame us on your money losses 😁

So you lose money. Your own doings...

Case close
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Banks had done many new SOP to help prevent, even offending customers and kena called stupid for implementing 12hr cooling off period grin.gif

Also kena maki because why I have to answer you how I use my own money, my own money I withdwal my pasal lah grin.gif

Even when 1st time transfer in the year also get warning msg

So if customer still proceed, what can banks do?

QUOTE(togekiss @ Jul 31 2024, 09:48 AM)
what you mean; is that it's the individual's problem?
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Everyday polis, BNM, banks already telling you be careful and still kena

I don't dare to say 100% user fault la but big % own have to take responsibility on that cause did not exercise caution enough

QUOTE(CommodoreAmiga @ Jul 31 2024, 11:42 AM)
This kind of scam almost everyday in the news...scammers impersonating police/LHDN etc. I don't understand why still people fall for this.
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Worse is some even professionals (accountants, teachers...)

I also cannot explain except greed or ownself got do soemthing cannot see light
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