Dont like giving an unclear, half story here. So tried to simulate as close as possible to the proposed 2 tier scheme. I used RM500k as the 2 tier cut-off, instead of RM600k as I do not have that data.



The impact on the >RM500k holders in EPF can be quite painful, losing RM43k for every RM1 million if <RM500k group's dividend is increased by 1% above the current 1 tier method.

P/S In doing this calculation, I think the average >RM1000000 group has RM1.5 million. If yours is more than RM1.5 million, then you are better than the average in this group!

Thanks. Got similar data earlier.

On my first look at this, I was against the 2 tier. My RM1 is the same as anyone's else RM1. People work and save hard for retirement and now face unfair discrimination.

On the second look, maybe if the 2 tier is split as <RM200k and >RM200k, helping the <RM200k with a bigger base in >RM200k, then I will not mind as much.

But then again, is EPF a charity body in the first place? Its core mission is ???

I question whether it can legally do this 2 tier thing.

Cheerio.

I share your view, frustration and disappointment. Looking through the Stock Performance Guide some years back (Dynaquest has stopped publishing the hard copy), saw a few companies with EPF as the big holder. Wondered why while the companies were not doing well. Eg Shell Refinery etc. I am no share expert and yet I would not have bought them with a 10 km pole.

Feel that EPF has other added/hidden missions besides helping holders with their retirement funds. Eg political influence to paint a nicer economy front by buying into some of the major but poor performing companies. Yes, they might perform better later and that was their strategy?

Asked that before, some friends said that was because EPF has many fund managers (local and overseas) and they buy and sell independently. They cannot discuss and align their strategy to avoid share manipulation (forgot the right word here). Why not? Say I am a billionaire and I have 10 fund managers, surely I have a say to avoid fund manager A selling while fund manager B buying the SAME shares on the SAME day. A waste of money for the fees etc. etc. And not just once but saw a few occurrences in some companies.

Wake up, stand up and shake up the performance!!! But I guess that is only wishful thinking on my side.

Thanks.

Dont know whether to be happy or sad to see this list! So dominant in Msian shares. OK if it has no political hands in there.

My guesses on the timing of EPF dividend's announcement,

* before CNY = good news (add some more joy to the celebration)
* after CNY = bad news (better dont spoil the festive season with bad news)

Ha.

Most likely it will be announced this Sat!

Feeling worried too. I am quick to add 1 and 1 together to get 11.

As it is late and after CNY, sensing that it might be lower than expected (expecting at least 5%) AND also the implementation of the tiered dividend.

Waiting for the new top guy before the announcement?

My guess is this Sat and using the weekend to update the balances.

I may be 100% wrong here, expect bad news on the % and/or change to tiered rates, top guy doesnt agree, waiting for new guy who agrees before rolling this out? If I were in his shoes, I might do the same, fight or leave on disagreement on core objectives.

Nonetheless, hoping for some good news. javascript:emoticon(':hyper:')

That is what I plan to do if they implemented the tiered rates (if less than 0.3%, I am ok), write to the CEO and question the legality of that change. Hope many friends here will also do the same.

No idea whether the present act allows that or not. Just ask the CEO on the legality (let him do the work) and if that is allowed in the present act, the fallback will be via MP to change that act.

Useful trend to know, interested in the energy industry. Thanks.

Happy Chap Goh Mei to you too.

If that is related to the EPF % announcement tomorrow, my cynical inclination is that political and corporations tend to delay announcing bad news, if good news, much much faster than Pos Laju!

Fear that this delay bad news announcement becoming a reality tomorrow, i.e., AFTER CNY. Well, at least they are mindful of the festive season.

Yes, cynical me. Ha.

Any reporter at EPF HQ now for the announcement? Ha.

5.2% check your ac

Did a check and got a -0.01% difference, my calculated vs EPF given dividend. Acceptable error.

That was in 2003. Yes, it can happen to any fund and at any time.

Thinking aloud, will iSinar affect 2021 EPF dividend %?

If can, how and by how much?

We are on the same brain wave frequency! Ha.

Most markets follow the same path as the big brother USA. And their PE are just ridiculous. Artificially elevated from their money printing habit. That will not last forever. Just hope for a new global currency to replace the US$ in the coming 3 years.

Some bursa companies may be worth investing in now but which ones? Need some study rather than just a gut feel to filter out the really solid ones from the rest.

From EPF Q1 results, it has done pretty well, especially in this chaotic period. So, I would restrain diverting EPF money to XYZ trying to get a 1-2% higher return, especially in this volatile environment. May get the extra 1-2% but can also lose a lot if the global market takes a deep dive. So soon, another dive after the recent Mar 2020 dive?

My 2 cents.