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EPF DIVIDEND, EPF
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LNYC
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 Jun 5 2016, 11:13 PM
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QUOTE(xuzen @ Jun 1 2016, 12:23 PM) I am just an employee of a business. I am not a business owner. I do not hang leg, I work a regular 9 to 5 job. Because I am not a business owner and I am a 9 to 5 salaryman, I have to create additional income by investing in a passive manner that is within an acceptable / tolerable risk to reward ratio. Passive as in I cannot be in: I) MLM, UT or Insurance chasing after people to buy those stuff, 2) I don't have the luxury to sit in front of my computer monitor to look at Forex, Stock Market, futures, options or binary trading etc. I say, you don't have to be in an extraordinary position to do extraordinary things. I am your template of an everyday regular Joe doing regular things to achieve extraordinary result. What I am doing is be mindful of the types of investment in the market (its risk, its cost) and the tax implication of each of them. Xuzen Bosss~~~  i wanna sujud 10000 times and give u 1000 likes~~ u really my hero and my idol~~  wish i am younger to know this forum |
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nexona88
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Jun 5 2016, 11:39 PM
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QUOTE(repusez @ Jun 5 2016, 05:37 PM) i think banks will be hit hardest since they form large chunk of epf investment, don't think EPF own much of carlsberg, heineken most likely if EPF throw the bank shares, local UT will pick it up EPF don't invest in carlsberg & heineken. Haram  and yeah. conventional banks would be hard hit. |
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icemanfx
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Jun 14 2016, 12:16 AM
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QUOTE(Showtime747 @ Jun 4 2016, 10:11 PM) Aiyoh...sifu want to be 100% sure  Not the first time our LYN FBI resident investment student make blunders.....  As if you never make blunder. |
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Showtime747
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Jun 14 2016, 06:27 AM
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QUOTE(icemanfx @ Jun 14 2016, 12:16 AM) As if you never make blunder. Son, can't remember when did I make a blunder. Must have been a long time. If I make a blunder, I would have thank the person pointing out my blunder. He tought me something and I am grateful Not like some impolite person asking back a question passing as an answer |
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icemanfx
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Jun 14 2016, 10:05 AM
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QUOTE(Showtime747 @ Jun 14 2016, 06:27 AM) Son, can't remember when did I make a blunder. Must have been a long time. If I make a blunder, I would have thank the person pointing out my blunder. He tought me something and I am grateful Not like some impolite person asking back a question passing as an answer Can't blame your children to have left you. If you need a place at old folks home, lyn forumers will be gladly to assist you. |
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twinkle5129
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Jun 20 2016, 05:47 PM
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I've just got to know about self contribution for my stagnant EPF account (since 1990) recently via LYN. My question is for those who self contribute via Maybank online.
I've tried it today and 'click' on self contribute and it said max contribution is $5000. Can I repeat the self contribution everyday, up to max for $60k for this year?
I'm unsure what is 1M contribution. Am I right to click only on 'self contribute'?
Is it better if I do it OTC at Maybank with $60k deposit? Will it affect my dividend if I pay 5k for total of 12 deposit online vs $60k lump sum OTC?
Hopefully someone can advice. Thank you in advance.
This post has been edited by twinkle5129: Jun 20 2016, 05:54 PM
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nexona88
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Jun 20 2016, 07:00 PM
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EPF's Shariah savings scheme open for registration on Aug 8 QUOTE EPF chief executive officer Datuk Shahril Ridza said the retirement has allocated an initial fund of RM100bil, which is about 15% of EPF's total investment asset of RM681.7bil as at March 2016.
Applications must be submitted by Dec 23 and will be on a first-come first-serve basis. http://www.thestar.com.my/business/busines...ation-on-aug-8/ |
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cckkpr
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Jun 21 2016, 10:23 AM
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QUOTE(nexona88 @ Jun 20 2016, 07:00 PM) EPF's Shariah savings scheme open for registration on Aug 8 http://www.thestar.com.my/business/busines...ation-on-aug-8/Is it advisable to maintain or change to shariah compliant? I believe the low hanging fruits will still be given to ASB; not sure whether the shariah compliant will be able to match the ASB dividends. |
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T231H
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Jun 21 2016, 10:27 AM
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QUOTE(cckkpr @ Jun 21 2016, 10:23 AM) Is it advisable to maintain or change to shariah compliant? I believe the low hanging fruits will still be given to ASB; not sure whether the shariah compliant will be able to match the ASB dividends. some people change because of "ugama" beliefs.... |
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filage
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Jun 21 2016, 10:32 AM
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What's special about Simpanan Syariah? They put "Siapa Cepat Dia Dapat" term, but then say Simpanan Syariah don't have 2.5% minimum dividend guarantee like conventional EPF. How do member switch to SS? Do they specify how much they want in RM or %, or convert entire EPF to SS?
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Ramjade
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Jun 21 2016, 10:42 AM
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QUOTE(filage @ Jun 21 2016, 10:32 AM) What's special about Simpanan Syariah? They put "Siapa Cepat Dia Dapat" term, but then say Simpanan Syariah don't have 2.5% minimum dividend guarantee like conventional EPF. How do member switch to SS? Do they specify how much they want in RM or %, or convert entire EPF to SS? Is just marketing to make people convert. If no marketing, it don't look intetesting. How to publish in newspapaer that no of takeup only x% (1 digit).? Compare that news that xx% took up Simpanan syariah. Which one sounds better?   Convert all. Once converted, there's no changing back. This post has been edited by Ramjade: Jun 21 2016, 10:49 AM |
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cckkpr
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Jun 21 2016, 10:45 AM
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QUOTE(filage @ Jun 21 2016, 10:32 AM) What's special about Simpanan Syariah? They put "Siapa Cepat Dia Dapat" term, but then say Simpanan Syariah don't have 2.5% minimum dividend guarantee like conventional EPF. How do member switch to SS? Do they specify how much they want in RM or %, or convert entire EPF to SS? The initial size is RM100 billion. Don't think is compulsory for Muslim contributors to change to shariah compliant. Its still optional, I think. |
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filage
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Jun 21 2016, 11:09 AM
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QUOTE(Ramjade @ Jun 21 2016, 10:42 AM) Is just marketing to make people convert. If no marketing, it don't look intetesting. How to publish in newspapaer that no of takeup only x% (1 digit).? Compare that news that xx% took up Simpanan syariah. Which one sounds better? :hehe: :lol: Convert all. Once converted, there's no changing back. Ya saw it in the news publish like want to announce new ASX Fund.. |
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wongmunkeong
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Jun 21 2016, 11:10 AM
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Barista FIRE
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http://www.thestar.com.my/business/busines...choice-of-fund/heheh - momma said don't invest in something if the "seller"/management isn't invested in. Private yar.. so why create: a. something WITHOUT a bottom? ie no minimum 2.5%pa b. something which cannot be changed? ie cannot revert back to normal EPF "to be seen as religious" purposes or some other reasons? eg. er.. less stress to manage something that doesn't have a bottom?  dunno - just thinking out loud
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prophetjul
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Jun 21 2016, 11:17 AM
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QUOTE(cckkpr @ Jun 21 2016, 10:23 AM) Is it advisable to maintain or change to shariah compliant? I believe the low hanging fruits will still be given to ASB; not sure whether the shariah compliant will be able to match the ASB dividends. Yeah The Syariah compliant is just that. Religious compliance. The low hanging fruits will always be given to ASB ,which is pretty much like BR1M, a tongkat for certain sectors of the population. Keep it in ASB. |
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nexona88
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Jun 21 2016, 11:46 AM
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QUOTE(cckkpr @ Jun 21 2016, 10:23 AM) Is it advisable to maintain or change to shariah compliant? I believe the low hanging fruits will still be given to ASB; not sure whether the shariah compliant will be able to match the ASB dividends. well I also not sure if want to maintain or change. only risk if change, then no turning back.. personally I think the shariah acc won't match ASB dividends anytime.. well if u read the statement by the CEO. it's open to all regardless of race & religion  |
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filage
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Jun 21 2016, 12:15 PM
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EPF have some investment in 1MDB isn't it?
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nexona88
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Jun 21 2016, 12:18 PM
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QUOTE(filage @ Jun 21 2016, 12:15 PM) EPF have some investment in 1MDB isn't it? yes. EPF owns RM200 million of the RM5 billion 1MDB sukuk issued for its energy assets. The Islamic bonds are due 2039. - See more at: http://www.themalaymailonline.com/malaysia...h.N4PB9YqG.dpuf |
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wil-i-am
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Jun 22 2016, 08:17 AM
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Apparently members can only choose between Simpanan Konvensional or Simpanan Shariah but not both
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