Is it a good idea to pay epf on your own(working in sg now)? But I scare rm just droppppp or gomen simply go wrong and my epf just burn(is this possible:-S )?

not all.

i wouldnt dream of touching my parents retirement fund.

It's good to diversify,... compared to many pension funds worldwide, the EPF has a very good yield, and they always desire to maintain their yield...So, build-up some MYR holdings, since your natural currency is in the SGD.

yes. why not.

better to have some in EPF.

Max self contribution amount a year only rm60k. That's about sgd20 k only. Worhwhile to put for div above 6% a year.

The dividend payout by EPF certainly would be better than Sg's CPF.

FYI, Singapore’s CPF still earned only 2.5% to 4% – one of the lowest returns on pension funds in the world. And it has been 2.5% to 4% since 1999 – for nearly 20 years.

It is Singapore CPF policy saying we don't need to give so high for such a safe investment. If they want more the consumers have to invest themselves. Which is kind of bad

This post has been edited by Ramjade: Apr 5 2016, 12:28 PM

Comparing to their bank's FD rate, consider not bad already.
We are getting 6%, but for the same food(forget about currency) we are buying, like chicken rice in Malaysia need rm6 while at SG, SGD3.
For the same travel distance of 20km from house to work, every month we need to spend rm200 while they only need to spend SGD100.
An engineer using donation to secure the job gets rm4000 a month, while in SG, can easily get SGD3000.
For the same job, in Malaysia the same guy can save rm500 while in SG he can save SGD1000.
Now back to dividend yield, rm500's 6% is rm30 while SG's 1000 is SGD40.

This post has been edited by supersound: Apr 5 2016, 12:44 PM

Wow,... I never looked at things to such details, bro,...

Different country, different policies, there's no right or wrong. If you decided to stay in Malaysia, have to consider Malaysia's lifestyle.
In Middle East even worst, saving money in banks as foreign labor get close to 0%. But yet my friend is still making money. When USD are weak, he keep that money, when it strengthens, he convert it all back to rm. Since he is earning USD(in Middle East, you can choose either their local currency or USD), so when it touches rm4.20 from rm3.20, just imagine how many % he makes for every USD he sending back as rm.

Instead of saving money n the bank as FD, can you no invest in properties or in the stock exchange in a Mid-East Country ? How is their dividend policy ? Any withholding tax against the payout, or internal taxes against div payouts ?

I wouldn't invest in middle east if I were you. Is a very unstable region. One scuffle can spread to the entire middle east. Take the Arab spring as an example. Less headache to monitor investment in the middle east if you never put any money in there.

Mediterranean area might be different.

This post has been edited by Ramjade: Apr 5 2016, 02:36 PM

Tks bro,....

Nope, is not allowed. So just keep the cash and change when USD is strong.

I see,... okay, tq,...

good strategy

but I read in news paper today. Saudi gomen is considering to have "green card" policy for those foreigner.

Saudi has no money to spend, so they are looking ways to get money from foreign workers.

yeah..
they even planning for VAT @ GST

Very soon and fast, next in the pipeline will be Qatar.

I don't think there are many people working in Sg can save SGD1000 every month. Don't forget recently they have just gained the fame as the most expensive city in the world.

If you're talking about food maybe yes.. Working there as a middle class isn't easy at all same as here. Look at the accommodation they're paying for only HDB flat (forget about private housing in Sg!).. the car comes with the hefty cost of COE.. no doubt in term of GDP as promoted by PAP is one of the richest countries in the world but if you have zoomed into the actual individual income, it is not the figure translated by GDP. Due to the sky high living cost in Sg, not many people could save $1k net every month. All of them are fighting for survival. This is no.2 of HK!