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This post has been edited by prophetjul: Oct 20 2024, 07:36 PM

You must be withdrawing too much, bro.

My take on public healthcare.
MY MIL was just admitted for a surgery. i think we have excellent specialists in the public health institutions. i have seen many done much better jobs than the private healthcare.

The thing about public healthcare is this: NURSING care.
I have seen the wards and the services rendered. Not very good here.
My MIL post surgery attendance was very poor. You have to provide added nursing yourself if you do not wish to suffer!
I don't blame the nurses themselves as the hospitals are probably stretched.
Although, the healthcare has improved quite a lot, (my 80 year old grandma had to sleep on a mattress on the floor 30 years ago) there is alot to be done to get to the professional levels of nursing care in the public healthcare.
Also, old people tend to contract lung problems in public hospitals. I have heard these stories from my friends and experienced the same with my MIL. Surgery did not do damage. The dirty air did. Most contracted lung problems/infection and pneumonia. My friend's 90 year old mum died few weeks ago due to this.


So, public health or private?

Back to EPF monies!

This post has been edited by prophetjul: Nov 16 2024, 07:39 AM

You have 2million medical coverage with 10 policies?
What are the insurance companies?
Thanks

ou have 2million medical coverage with 10 policies?
What are the insurance companies?
Thanks

JENG JENG ENGJ

EPF’s 2024 shariah dividend may exceed 6%, beat conventional savings
By Cindy Yeap / The Edge Malaysia
25 Nov 2024, 05:00 pm

This article first appeared in The Edge Malaysia Weekly on November 18, 2024 - November 24, 2024

EXPECTATIONS have built up on the Employees Provident Fund (EPF) to not only beat last year’s payout but also declare a dividend of close to 6% for 2024. This follows three successive double-digit year-on-year percentage headline outperformance indicated in all three quarterly income reports released in June, August and November this year.

Shoring up the expectations is the EPF’s RM57.57 billion headline total investment income for the nine months of 2024 coming in at 85% of RM67 billion gross investment income and 88% of the RM65.2 billion net investment income booked for the full year in 2023 (see Chart 1).

Can the EPF deliver on expectations?

For the majority or just over 90% of the EPF’s 16.1 million members with conventional savings (SK), the short answer is EPF dividends should exceed 5% in 2024, The Edge’s back-of-the-envelope calculations show.
There is a good chance of the EPF beating last year’s conventional dividend of 5.5% and even touch 6% if it does not perform too badly in the last quarter of 2024, which saw the re-election of Donald Trump as the US president and emerging market currencies (including the ringgit) weakening against the US dollar as markets recalibrate the speed at which the US Federal Reserve will be cutting interest rates.

The back-of-the-envelope workings are mathematically deduced based on a comparison of the EPF’s performance in the first nine months of the year with its historical performance and publicly released data on the provident fund’s growth the past two decades.

Another shariah surprise

For the minority of EPF members — about 1.52 million or 9.5% of the EPF’s 16.1 million members as at the end of 2023 — who chose the shariah savings (SS) basket, a bigger positive surprise is in store.
Dividends for shariah savings would definitely come in above last year’s 5.4%.

In fact, the chances of a 6% dividend being declared for EPF shariah savings for 2024 are higher than those for conventional savings, our workings show.

This is thanks to an exceptionally strong third quarter for the shariah savings portfolio — where quarterly investment income was easily over 50% more than that in the first two quarters.

According to the EPF’s Nov 11 statement, total investment income of RM9.55 billion was generated for shariah savings as at September 2024. This is up 78% from the RM5.36 billion generated in the first six months of 2024.

If the feat in the third quarter continues in the fourth quarter, the dividend for shariah savings could even hit 6.5% or 7%. The latter is mathematically out of reach for conventional savings due to the sheer size of the portfolio, back-of-the-envelope workings show.

To hazard a guess, our back-of-the-envelope workings show the EPF dividend for 2024 coming in at between 5.4% and 6.4% for conventional savings (SK) and between 5.5% and 6.5% for shariah savings (SS) (see Chart 2).

If indeed the 2024 dividend for SS exceeds that for SK this year, it would be the first time since the basket was created in 2017 for EPF members seeking shariah-compliant returns for their retirement savings.

Those closely watching the EPF’s performance would recall the “shariah surprise” last year when the EPF declared a dividend of 5.4% for SS, just 10 basis points short of the 5.5% dividend declared for SK. That was the closest shariah dividends ever got to conventional dividends. Dividends for shariah savings had historically come in at between 25 basis points and 60 basis points short of conventional savings, with the average lag being about 40 basis points between 2017 and 2022.

Rather than a huge outperformance, a more likely scenario is for the dividend for conventional savings to come in just below that of shariah savings for 2024.

https://theedgemalaysia.com/node/734488

Once they overtake Con, they won't look back.

What about withdrawals?
Is there any cut off date where you only receive only one day of dividend in that month?

Thanks

Thats me now.

Wishful thinking.
Top 20 is just fine. Imagine all the crooks with 10 to 50 million.
Top 20 probably 5million plus.

Sorry. Taipo.
Top 20 %

Wow!
5.5 million in EPF now!

You said "Mine will be 7 figure every 3 years or so." (increase)

So i worked out RM5.5 to give around approx 300k+ per year.

Anyway still good figure 2mil.

That is the only scenario that i will withdraw lock, stock and barrel from EPF.


You are describing me!
The EPF is a very nice bond like cum savings account for me in retirement.
Guaranteed minimum dividend on guaranteed principal sum. I can withdraw anytime, any amount subject to conditions.
Very nice indeed.
It's can be considered a bond investment in one's retirement portfolio.

AND i have no car since i have been using company car for the last 35 years.
So i am withdrawing 200k for a new car next week.

Can assure you that it is certainly more than a blip.

Good idea bro. Give him your old one. And get yourself a new one!

I will withdraw till my amount qualifies for the highest tier %.

HOPE NOT.
Because right now it's a wonderful bond/savings account for retirees.

If they are 25 years old now, then at 55 years old

Rm1 mil will be 1mil/ (1.03.5)^30 =356k present value at 3.5% average inflation