there will need to be some balance here. epf thread doesn't necessarily mean we can only glorify epf, same applies to other threads. discussing some of its cons is also important to have a big picture.

Discussing about the cons is ok...
But implying others must follow him or his way or else it is the wrong way, is not ok

His way or wrong way is not ok
Only his way is the right way while other way are wrong way is not ok

Comparing epf with equities investment is not the correct too.

https://www.dailyexpress.com.my/read/5672/w...st-another-atm/

EPF become ATM for Malaysian 😁

Btw how much estimated per month does Malaysian contribute to EPF? Is it like 1 to 2 Billions?

https://www.kwsp.gov.my/w/epf-records-distr...ion-for-q1-2024

29.13Bil MYR for Q1 2024

meaning around 9Bil per month

okay... so max is near 1bil a month out from A3 but unlikely la as still some will still transfer back to A1 & A2

Probably will have data few months after August average how much A3 withdrawn every month

Since Acct1 size increase to 75% (from 70%) so I think that would mean additional about 1.5bil/month become illiquid

Actually I'm also surprised with the numbers...

Didn't expect monthly so much billions goes into EPF...

The account 3 withdrawal won't really have major impact...

Only the previous 4x withdrawal during covid did have impact... Remember reading like 100bil outflow something

now we can all sleep well knowing the numbers
dont think this round impact much la
semua orang ada kerja
no more MCO
only cost of living goes up saja

But cost of living going up is a universal phenomenon, and not only limited to Malaysia, so we're really not doing too badly, I guess.

But what I'm scared of..

Sudden change of policy...

EPFn/ gomen. allowed like the previous 10k withdrawal.... To stimulate the weak economy...

There is no problem to discuss on cons side.

Whilst EPF is never an "investing" but more towards retirement planning.

Invest - Chasing high return at risk of losing capital
Retirement planning - ensure there is money for retirement life.

Even though investment can be part of retirement planning, it shouldn't be whole part of it, as investment has uncertainty factors.

If merely suggestion of investing abc or whatever as a part of diversification of retirement planning, then it can be seen a more productive and draw more positive discussion, instead of belittle whatever product.

Certain investment can turn sour even its looks like best choice at the moment.
See how Yen situation unfolding, previous decade being looked as one of strong currency or safe heaven currency. Look what happen now. EV shares being darling just 2 years ago, now start becoming a red ocean competition.

There is no right or wrong, as we don't know how future is unfolding so needless insist what is the best or which way is right.

Cheers.

I believe such influence is one of the risks of EPF

If the return eventually fell into uncompetitive level like less than 5% where other low risk instruments such as ASNB funds can give on par or better, with higher liquidity I am sure there will be less voluntary cont or even higher withdrawal

But no need worry of the capital because like you mentioned, roughly 9b each month incoming mandatory cont... even inside kosong also can pay you when you pencen

Lowest I can remember is around year 2002 like that... 4% around there...

After that all good 👍

https://thesun.my/local-news/around-100-gat...ount-IB12648246

Some people / parties wants 30% of account 1 being transferred to account 3 flexible

Might well ask 50% or 70% of account 1

I am quite confident that we won't see this thing happen at current gov. Unless somehow all the non PH party suddently weaponise EPF to withdraw support for Anwar

Got another group of people

Eying account 1 $$$.... To be transferred into account 3...

I am pretty sure this topic will never end

After allow x% another voice want y% until 100%

Let's see how far they can go this time...

Last time keep asking for 10k withdrawal... Gotten first EPF loans facilities (below 40yo still krik krik 😋).... And now flexible account 😁

Hi Sifu(s), I'm planning to put some of my extra savings in EPF via self contribution. But what's holding me back is point no. 5 which i'm not clear about what "claims" do they mean? no PIDM protection?