That is if you have a million to begin with

While you still working on it many already past that working hard time

Now good that you learnt my money is not your money

You dont like people telling you what to do right

Now you know lol

Q4 results is the final piece of the pie 😁

Okay. No use talking then... Case close

No need to have 2. I dont even bother counting my EPF. But I do everything that I can to maximise the returns I get without me putting in an extra sen. I don't take low value for an answer especially when I know I can do something about it.

If there is nothing I can do. Fine.

I already run my number. Must be 2x what I am earning today.

Actually i like people telling me I am wrong. I wouldn't be where I am today if someone didn't point out my mistakes. I was a pure die hard amanah saham fixed price guy. I was like you. Defended amanah saham every time some one criticise it.

Someone came along showed me the way. That's how I opened my eyes and realised what a fool I am.

No harsh words towards you but just my own experiences. I was so stupid back then.

Someone told me the same thing. Your money. Not my money. Do what you think is best for your money, your future purchasing power and your family future money. These exact words stuck with me until today. Can't really remember the exact words but more or less the same thing.

Anyway peace.

This post has been edited by Ramjade: Jun 29 2024, 06:39 PM

You don't hv mandatory contributions??
If you do, then the value be impacted by whatever final value they gives you and you cannot do anything about it.

You can only control what you think you can control.


This post has been edited by MUM: Jun 29 2024, 06:49 PM

I have. Now thanks to account 3, I can make the EPF money works harder.

Oh you can control your EPF. The voluntary contribution, that one I divert the RM100k overseas rather than giving it to EPF. This is totally optional.

Combine with new account 3, I can invest more myself and protect my future purchasing power.

Even without account 3 (like previously) any access inside EPF, I look for the most consistent unit trust and invest my money into them.

My target is very simple
1. Minimum 10%p.a
2. Beat EPF over long period of 10 years or more.

Summary
1. Divert my voluntary RM100k overseas
2. Withdraw from account 3 and invest overseas
3. Use excess inside EPF to invest into good funds

I think that is enough control one can do for own EPF.

This post has been edited by Ramjade: Jun 29 2024, 07:25 PM

But I believes you ate still young thus may not hv much in account 2 to move to account 3.
After August, what ever you contributes to kwsp only 10% of it will be in account 3.
Thus in the end you will still hv "alot" in kwsp for retirement in which you hv not control.

Excess will be use to invest into performing unit trust. Hence making my EPF money work harder than it can.

I will move money into account 3 every 10k like what I have been doing all this while (moving my salary overseas once every 10k)

This post has been edited by Ramjade: Jun 29 2024, 08:25 PM

I've been lurking enough in the EPF & ASM forums long enough and every once in a while there will be someone who say they know better investments that offer better returns than EPF/ASM.

Well yeah. I've also had better returns in my bitcoin, and made more than a million ringgit off properties. Definitely better than EPF/ASM, right?

But do I come into EPF/ASM forums and promote those investments?

Nahhh...of course lah there can be other better investments, but the topic is, the topic

Er, so far surprising lots of good fund can match or even exceed EPR returns. There are around 10 or more that can match EPF returns.

Bro different basket using bitcoin. Lol. But I do have a friend who withdraw out EPF money and put all into bitcoin. But like I said mine money is mine money. Your money is your money. I don't agree with him but let him do what he thinks is best for his money.

When you use EPF money, try to be as close to risk free as possible.
At least that is my way of investing.

This post has been edited by Ramjade: Jun 29 2024, 08:50 PM

But just remember after Aug, account 3 has only 10% you can take out for investment, 90% is still in kwsp.
If you had taken out 80k from kwsp for UT investment, there are still 720k in kwsp that you got no control of.....which will also be definitely subjected to all the bad things about saving money in kwsp.

“Different baskets”

Exactly bro, exactly.

That was exactly my point.

Come into EPF/asm topic but promoting ‘i can do better in different baskets’

Like I said, I can also do better but i’m here to talk about epf

This post has been edited by Lembu Goreng: Jun 29 2024, 09:10 PM

The 100k is voluntary. That part I can control. Also I can control to invest the excess into unit trust. So do what you can with the money you can control. For those that cannot control, can't do anything about it.

Well I am just saying putting money into EPF means you will be losing future purchasing power. There is no doubt about that. If ok with it then ok lo. I am not.

This post has been edited by Ramjade: Jun 29 2024, 09:33 PM

Thus however bad kwsp as a retirement platform as portraited by you, it will still be holding a large portion of your money.
However bad kwsp are, you will still have a big portion saved for use after reaching 50 or 55 in which, now you got no control of how that money gonna works till then

speaking of which, what you mentioned here made me realized... we (or at least me) never thought of checking how much we make from EPF... in a similar concept as making money from properties or shares...

maybe can check whats the total sum dividend EPF ever paid us until today..... that should be an interesting amount.

Well kena bitten once so... scared already ha ha ha

I am not saying you are wrong investing your money the way you want

What I am pointing out is, the objective of EPF is not to make you rich but to help Malaysians in our retirement days

To maximise return there is a risk and can EPF take the risk and giving out volatile returns YoY? Like -10% during COVID and +10% when booming?

Hence, I do not agree when you were always telling every Tom, Dick and Harry that EPF is useeless invest elsewhere

That is all I am trying to tell, you don't know who else are reading especially newbies just wallup because RAMJADE said MYR no future EPF sux

Yes it is their fault for not doing detail research before their own decision but I think I can try help painting a more complete picture rather than just telling them EPF can't help

hi Mod. can you monitor this thread and make sure the topic is about EPF and not about comparing what is better than EPF. This is to make sure this thread is informative with relevant to EPF only.

AGAIN... all you had pointed is EPF sucks & overseas sure happen to get higher

In fact, who can be sure? No risk?

This is the part you are hiding and always avoiding to talk about

Every reply is EPF is surely confirm 1000% worse

Like overseas never crush before?

You can twist and turn but all in general back to one rule

High Risk High Return

No such thing as high return but you don't need to take any risk

Dream on

This post has been edited by coolguy_0925: Jun 29 2024, 11:08 PM

Agree somehow

Tired of people kept telling EPF sucks in EPF topic but never acknowledge the risk of the other 'brighter' side

Twist like no tmr so better let mod help to stop him

both means in the future "something can change" it can only go lower.

CASA interest vs FD interest also different lo...