FAT hopes.

Then why not reward those in excess of RM1million with special bonus?

This post has been edited by prophetjul: Apr 16 2024, 09:24 AM

Then you have conflciting policies in the EPF where you choose to reward the poor with incentives and penalise the 'rich' with penalties. Who is 'rich'?

Amen,
But our politicians may think differently. Afterall, this is Bolihland.

Not sure if they care?

The government cares. Only for the votes by gratifying the immediate needs of the voters. Why do they care 20 years down the road? THAT is some else's problem.

Most of them are in Lowyat forum.

Wishful but not there.

They will probably dump these deposits into some money market accounts.

Thinking exactly the same. But don't dare type it out loud.
Still gotta 10% warning label.

i guess all these discussions about shite account 3 does not affect old dog like me.

https://www.msn.com/en-my/news/other/warnin...602af7ac2&ei=24

Warning of ‘blunder’, contributors’ group says EPF’s Account 3 no different from allowing withdrawals during Covid-19

Can i assume that every month, my future dividend is "confirmed"?
So that i can move my future dividends out in the present?
For eg if i have RM5mil. I assume 5.5% dividend for 2024.
Every month, i should have RM22,916.66 dividend for FY2024.
Can i can move this out every month without affecting my 'principal' of RM5mil?

i am shifting more into SG bank stocks.

This post has been edited by prophetjul: Apr 25 2024, 09:23 AM

So, this means that dividend in future is not in the present. So i will be affecting my principal sum.
Thanks

NOW i am confused.
poweredbydiscuz says no.

BUT, it also say:



Means the principal sum which is already present must be earning dividends daily ALTHOUGH it is not shown till the next year?

So the statement by EPF is erroneous!



If it is earning, then why can it not be withdrawn??????????????

At least, they should allow the guaranteed 2.5%?

Otherwise, their statement is erroneous?

Let me put it this way.
If your investment is earning an interest on daily rest.
If you withdraw your investment after 2 days, do you expect to get the interest?

Thank You kindly!

Hi Bro
Rm5mil is a fictitious figure.
The goal is to maintain a certain figure in EPF for running expenses at the end.
Similar to you, i intend to reduce my EPF to around 40% of my cashflow portfolio. Right now, there is too much inside EPF, thus the need to migrate them to SGD assets. SG banks have presented themselves lately. Good value. Higher returns than EPF.
Already have some SG banks in my portfolio. But, looking to add.
Thus, needing an action plan to migrate.

Before this, i need to understand the cashflow into EPF. Whether the future divs are virtual or indeed of substance.
It seems that future divs are virtual.