The gov't can print,... but the effects to the Ringgit will be disastrous... its value will drop very badly if this news goes out ! As it is, without further printing, the Ringgit is unstable and wavers with news,...

If a person has nowhere to go to put his money into, then putting into an unstable currency is THE ONLY way to go, I'm afraid,...

By the way, it's still okay, for the Ringgit is our natural currency. I would advise against this strongly if it's a foreigner is putting his money into our RM instruments,.. unless, again,... the foreigner is from another unstable jurisdiction or from a WORSE country than Msia,...

Actually, there are quite many countries out there which are 'worse' then Msia,... but we shouldn't be looking at those countries,...

Frankly, for myself, I don't really care abt tax relief and what nots. I will just let my EPF contribution pile up, and when I am ready to withdraw,... I might withdraw half of what I am entitled to for investing into instruments that can make more than EPF's.

Instruments that, historically will gain aainst the RM in terms of,........

1) tax advantages.
2) instrument quality, and
3) currency strength.

I am not leaving the money in EPF to lose opportunity costs,....

So,... I stand with Prophetjul,....

Who said abt being scared of not being able to take out money when reaching retirement age ??

I am more scared of losing in terms of opportunity cost !!!!!!!!!!

Added : Frankly, when one is not of retirement age,... what can he do if the EPF changes its rules ??? THis is not within his control !!!! Let it be-lar,...

But what one can control is to learn heard and to research hard to try to make MORE than what the EPF can make for us !!!!!!!! Don't put more into the EPF. Don't self-contribute !!! Invest yourself !!!!!!

AND : To start the process of fulfilling those techniques,by start opening accounts before the door closes !!!

This post has been edited by Hansel: Sep 16 2019, 12:32 AM

No offensive remarks taken,... this is just a forum posting. And on your side,... you should not be feeling any hints of offensive remarks, for which I doubt you are not,.... hence, your first sentence !

Losing opportunity cost investing in the EPF is certainly a fact to me at this moment - my records speak for themselves in my posting here,...

However, time is another risk, the future is another risk - hence, the meaning of 50%. Of all people, I would expect YOU to know this, but you question my 50% instead !

I will turn it the other way around - you are asking people to leave 100% inside,... aren't you ? Why not hedge the risk instead ? Why not learn investments properly to do better than the EPF ?

As to your second last sentence - you are not hedging future risks ! YOU are trying to emphasise your point, and imposing your point onto me by belittling the right practices of investment and that is : hedging risks and diversifying !

YOU are making too many assumptions in your postings ? Why 100% ??????

Added : By the way,... anybody can answer anything to any question or posting - you do not say you are relevant or not to a a forum posting ! This is a public posting,...

Everybody is entitled to his/her opinion - and everybody can choose to say out or not that opinion ! I chose to reply YOU ! ..in a nice way, earlier,...

My opinion here is simple : Do not be overly-affected by changes in EPF Rules - instead, try to do better in investments than the EPF. Hedge your investments and diversify to mitigate the risks. DO NOT be over-dependant on the EPF !

This post has been edited by Hansel: Sep 16 2019, 09:58 AM

I appreciated your comments and agree with many points here...

On my part,.. 'do not know' and other effects due to not knowing is something an individual needs to work on. I preferred to not comment on people not knowing, etc,... generalised judgements are tedious to debate on,...

I preferred to discuss and debate on the best- and possible- case scenarios for the people,... not only in Msia,.. but for the world too,... for the savers in the CPF, IRA, OAS, Super, etc,... other national pension funds,...

Nobody should and would hesitate if the decision is right ! An individual has a choice whether to listen to you, or to another, or not to listen to anybody at all and does it his own way.

I use myself as an eg :- I would take out half when the time comes that I am allowed to withdraw,... differing from CL's taking out full when there is a mkt crash,... but that's my choice.

You should not use the word : hesitate. A better word would be : re-think and reconsider. For some, like me,... I don 't need to re-think or reconsider,... but I can't comment abt the general public and contributors.

I stand on my mode of engagements : On my part,.. 'do not know' and other effects due to not knowing is something an individual needs to work on. I preferred to not comment on people not knowing, etc,... generalised judgements are tedious to debate on,...

My opinion says the above is ONLY true if the performance of the EPF continues with the present momentum. But what happens if the dpu's from EPF start to drop,... which would be a possibility now, given the negative interest rate environment creeping-up around the world ?

Secondly, well,... if one has a sum that is sufficient, and does not think of ever wanting to have more money for whatever else, then,... perhaps, if the dpu from the EPF does not drop, then he can opt to stay clean and quiet inside the EPF.

What if,... the amount of dividend one is earning is not enough to sustain over the entire period of lifespan, or for that matter is not even able to sustain him sufficiently for day-to-day expenses or for sudden expenditures that pop up every now and then ?

Given the above two reasons, wouldn't putting in effort to try to earn a better retirement income with reasonable risks factored in be necessary ? I read everywhere that the majority of Msians do not have sufficient EPF savings to last them for the remaining years.

I guessed then.... we may start talking abt depending on children, going back to the workforce, doing consultancy work, etc,... If it is such, why not learn investments instead ?

Beating FD only ? Enough to makan or not ? Enough for the occasional travelling and pleasures or not ??

Why not learn to earn higher returns ??

How you know, bro ? Maybe these people are really taking care of their afterlife ?? - Just a friendly opinion,... no sarcasm intended,...

Well,... sometimes I do think along this line too (taking care of the afterlife), after seeing many people's lives ended !

Okay, you win !!

The way I look at it is EPF is saving for our old age. We don't know what might happen when that day comes. So,.. well,... it's still good to have funds in EPF or in any pension funds elsewhere in the world. EPF comes to almost zero risk,... the only risk being when the time comes to withdraw the thing that can happen is the a withdrawal age might be extended further.

BUT chances for this extension to happen IN MSIA in almost zero because of our ethnicity.

At today's times when we are still many years away from being able to access our funds in EPF, we must learn investment tactics and open investment platforms to invest ourselves. We must not depend on EPF only to help us invest our funds.

Secondly,... EPF allows tax deductions.

JMHO.

On my side,.. I'll look at it this way if I'm near to retirement age. EPF Board will give us time to adjust before they implement anything,.. they won't just say that 'starting with immediate effect,....', they will implement this or that. So, when they announce anything and give us the time to adjust, we can always withdraw everything if we wished to if we're 55 yo.

For those who are not able to wothdraw in time, then they will have to follow,... incl myself.

But,... like I always say.... in life, we must learn to invest ourselves, we must be leaders ourselves,... do not be followers. The internet today has enabled all these.

YES,... I have to agree with this one,... I noted this too,... but now, I am caught a bit, I sent them out to Australia at a young age. I am not sure if I can't withdraw my SSPN contributions to finance their overseas education later in The US or Europe when they reach tertiary education level.

I hoped they don't lose money,... even Temasek lost a lot of money investing overseas. I do understand though, Temasek is NOT CPF.

Side note here : Predicted last month and recorded here in this thread that BNM will cut the Statutory Requirement Ratio (SRR) and the Overnight Policy Rate (OPR) by another 25 basis points at the meeting in July or August. Let's see if my predictions are correct,...

The July meeting shld be held around the first or second week of July every year,...

Tq,... this is good news to me,...

I have another question,... back when I first applied to deposit for SSPN for my kids, there was mention that if we have a minimum of RM10k inside an SSPN Acct, the gov't will match this RM10k and 'give' us another RM10k as an incentive for us.

I remembered this was during the administration of Mr Abdullah Ahmad Badawi.

Is this RM10K incentive still being given ?

Ohh okay,... tq,... this round of my prediction was back in,... I think April or somewhere around then after the first cut for this year. They did cut, as per my prediction for that round too but my predicted quantum of cut was inaccurate.

Tq again this morning,...appreciated your time to dig-out the article for me.

I wouldn't be surprised,.. tks bro,...

Prb is,... if they cut too low, the RM will depreciate further,...

Yeah,... I know too, 'cos they don't seem to mention too much abt this matter. The thing is.... many of the items we have in this ctry are imported. If our RM depreciates badly, things will become too expensive.

The 'main street' people will suffer,...

I'm not even talking abt travellers and parents who have children overseas,...

Talking abt import-&-export pov, I agree when our RM depreciates, more importers will buy from Msia. But,... if the raw materials used to manufacture the products is imported, the net gain and margin will go down if the export prices of the goods are fixed to a contractual arrangement.