Yes

Has anyone invested in funds by Phiem Asset Management the fund manager that is generating 10% ROI for EPF?

Blxxdy hell, suddenly so many posts, i tot something collapse.

For EPF, can nominees be wife or children who r non-Malaysian?

If have 6mil, assuming 5% yearly returns, 3% reinvested, 2% for expenses@rm10k/month(120k/yr), can last many many years.

To me it is not a good idea to keep money in children epf which is locked for many years in a depreciating MYR.

I was told a 2bedroom apartment in Melbourne can cost >RM2 million, n 2br house > 5mil.
Yes the children can seek greener pastures overseas, but our money can stretch better in MY.

Yeah OZ groceries r cheap that is if one always cook at home but if working n eating out most of time, the cost could be high.
Most young MYsian dont like cooking, may be your daughter is different.

I think the mortgage rate is ~7%, FD interest ~5%.
Auction market is hot cause many defaults.

https://www.abc.net.au/news/2023-08-28/new-...tress/102757414

May be account 3 able to tackle this.

No record but can buy land n farm, sure or not?

exit plan triggered,hope not too late.

No more after those, i think now they check various sources including directorship. With PADU, even stricter.

What about joint account?

Wow so confident.

U mean govt servants can get cheap personal loan (from govt or bank) and at what rate?

This post has been edited by MGM: Nov 29 2023, 05:07 AM

Cos it is a 1 trillion dinosaur that cant afford to get injured.

15% isaraan rebates spread over 40years is ~0.375%/year using simple maths. After 41years at age 55, what will happen to MYR? 43years ago 1.02MYR=1.00SGD.
Personally i wont do it for my kid.

ROI looks high for the 1st few years cos of the one time 15% (15%+5.2+6.1+5.0)/3=10.43%, but u cant realise it n withdraw, have to keep it there for 40years.
I was initially tempted but after calculation it is not for me. Anyway my kid not likely to work here.
U have to treat each deposit of rm3333/year separately cos we want to see the effect on this 3333 not next 9 years' deposits (they r treated separately).
In 2024 u deposit 3333 n get 500, assuming 3333+500=3833 starts from January n epf dividend is 6%, your EOY balance with div for 2024 will be 4063.
Every year for the next 39 years assuming u r getting 6% compounding will get u a final amount of 41790 equivalent to ROI of 6.15%, 0.15% more than the 6% only.
Bare in mind the money is stuck there for 40 years. As a comparison MYR has depreciated against SGD at >3%/year.



This post has been edited by MGM: Dec 20 2023, 03:28 PM

Each person 10x 500.
Put in 3334 each year to get 500.
U have to calculate the ROI based on each 3334 deposited cos it contributes the 500.
1.03^43=3.56, in 1980 MYR=SGD.