There will always be winners n losers in every investment...all those kaput are mostly the 'euphoric' chasers. Once market auntie gives u tips.
In every investment, it takes expertise, some analysis, time n luck.
Or, too highly leveraged n cannot ride out the storm.

If i have the answer, i wud share. Unfortunately, i dont....my personal approach is diversification.
Wanting to learn from this sharing platform.

This post has been edited by Unkerpanjang: Sep 11 2021, 10:06 AM

Clearly, there r Unkers n Aunties with over RM4M invested in Kwsp, Asnb, Sspn. Govt of the day will beg, steal n borrow to ensure minimum recent
annual dividend is 4-5% So, oledi sipping iced tea everyday n hobby collecting gold coins. These r tax free dividends.

Govt will only allow short term controlled corrections in equity market. Thats where the Kwsp, Asnb, others will just use digitally printed currency (not even need to print paper currency) to buy up all the shares. Then repeat the cycle of creatively managed dividends for next 8-10 years to appeas all the poor rakyat. (Wah! Gomen great lah..Asb 8%, Kwsp 6%, Sspn 4+1%)... hmm, not to forget creative accounting, where liabilities become assets n pristine collaterals.

As long as the financial assistance/opportunity can trikle down to our reach...grab it! Surely with corrections, these Unkers will also scoop Tiger Bank, Sotong Bank, at 30-40% discount. They oledi learned the trade of financial literacy n makinng money.

In summary, Capitalism favors the rich! To the younglings, you see... Unkers' generation have been stealing from all of you. In the past, we enjoy Asnb 10-12%, Kwsp >6% etc, dividends, Tiger Bank at rm4.50. Country accumulating more debts, Ringgit weakening further, Property getting unattainable.

Imo, the only way to beat the generational wealth stealing (Unkers' generation stealing from your generation) is investing in Crypto. The big institutions are just coming in with ETFs. Have to front run them now, its risky n volatile but a 1% investment in networth can deliver 100x returns.

Ahem, Sunday sharing sipping iced tea while waiting for Unker Prophetxxx to share his numesmatic gold coins.

Full disclosure, am 58 now..still working like a canine. Chest pain, self made worries, bluddy high professional pride - dunno how to let go even when my cardiologist say 'slow down lah', aspire for more n thinking hard to take 2 months sabbatical leave to relect on my next phase.

This post has been edited by Unkerpanjang: Sep 26 2021, 11:15 AM

This is definitely one of those controversial topics. Depending which side of fence you are on. Some plausible kwsp options...
1. Tiered dividends,
2. Socio protection policies based on race,
3. Extreme windfall haircut on dividends (worse than #1),
4. Capping employee kwsp contribution, after certain deduction amount$,
5. Converting from pension to kwsp scheme? Impact study n social unrest. Kwsp will grow even bigger.
6. Capping current generation dividends, to keep for future generations n country reserves...even old age long term care.

Evidently, most Govt of the day gravitating towards socialist, populist policies. From China Common prosperity strategy, to USA taxing the rich ($250k annual income).

In most cases, its the middle class that gets squeezed. While we can wish for favorable policies... Don't hold your breath! Problem with every country, there's more poor people, hence expect the politicians to pander to those voters pool.

Equip yourself with investment knowledge n be great at it. If a person can be successful in career.. Investment knowledge shud even be higher priority. Kwsp is a big n important investment tool, but need to grow others.....

Don't baling batu at me, ya? This week AL, boring n read lowyat.

This post has been edited by Unkerpanjang: Oct 26 2021, 03:56 PM

Lest we all forget...
The real issue is mediocrity, racism n bigotry.

Have a pleasant day ahead.

Ini Unker very clever. But personally, die-die I want to go Hong Leong Bank, one special branch. The few Officers there banyak cxxtik. Just take number n enjoy. Just don't apply Premier account, as reduce waiting time.

So hoping my experience will help all retires/soon to be retirees too. There's are our selfless sharing. Do generously give a LIKE.

Unker, happy new year... We not very active le, gold n asnb topics oso drop from top#5 trending. .

If thru responsible governance n rule of law...arrest n seize asset from our 'untouchable corrupts', enuf revenue to pay for many genuine society needs.
No need to rob from the middle class.

This post has been edited by Unkerpanjang: Feb 27 2022, 11:10 AM

Bro Looi,
i know you have consistently been sincere n transparent in your posts.
However, this is an open forum, theres wide spectrum of forumers with age risk tolerance, FAMA financial support, bitcoin generational wealth, while some working $$ in small island south of Johor, etc.
The old school thinking of dividing asset class, kwsp, asnb, stocks, might seem alien to different generations.

What is cheap valuation? Got chance to buy cheap meh...got mountains of cash to double down? When stocks crash, everything oso kecutlah.
Why drop excess $60k to kwsp, n not stocks MY, STI, US, etc. Surely there must be at least 1 stock counter cheap valuation.

By virtue, still eyeing kwsp dividend change of +/-1%, most are likely still middle income (ada sikit klas kuli) or as Bro puts upper B40 range.
Once hilang kerja, cold sweat. I Pray hard >6%, need to settle 21yo daughter Rolex present.

This post has been edited by Unkerpanjang: Feb 27 2022, 04:26 PM

Aiseh TOS, you cannot mean im so artless, right? Most of parents lagi teruk, buy new car for kids. Shud get them take bus or cycle.
See, every bias or judgement can go many different ways depending on each person's lens.

My kids are all brought up totally respectful to elders, as example my kids will serve their grandparents, uncles, aunts dishes b4 taking for their own.

A Rolex is not for showing off. It is an investment, teach the child to understand if cared properly, it will hold its value if not appreciate.
This daughter has no interest in stock investments, so as alternative she's taught to appreciate high quality watches (1st Rolex at 18 yo), gold and rest of her seed money split in kwsp and sspn.

My 18 yo old son is taught to religiously follow A Rastani, Coinskid, Dai, stefan huber in terms of all TA and crypto. As its his challenge to beat the father in investment.
He has used up all his seed money, almost $200k to invest in crypto. Discusses me daily on what he learned and latest updates.

School doesnt teach financial literacy...its up to the parents to do so. If as parents we feel a Rolex as a sinful extravaganza, the kids will just follow so.

To me, these are all types of assets and investments.

Anyway, im out of topic. Put in freezer.

This post has been edited by Unkerpanjang: Feb 27 2022, 09:12 PM

When you have eliminated all which is impossible, then whatever remains, however improbable, must be the truth... In summary, high probability - we are sxxxxed! Hahaha.

Lepas kerja, I go check kitchen helper vacancy at McD, near rumah.

Thanks all, much excitement.
Till we meet again next year... Keep safe, be happy.

Bro dlttdltt, boleh tengok je.

Kalkulator tak bole guna kerana $ amaun besar tak cukup ruang digit.

I rekomen u pakai Excel spreadsheet.

Utk ASNB, worksheet baru... Nanti Excel hang pulak.

Hmm, unker kaypoh just to push this thread to top#1 trending.

I kinda think, most of us are the makan gaji type, hence we tend to develop a scarcity mindset. Reason be, our pay check is dependent on someone else.
We are not in control, of our destiny. Kwsp is our bedrock foundation.

On the flipside, i wonder how a biz person with abundance mindset thinks. Is kwsp important to him/her? He just just dump all free cashflow to grow biz, etc.

Pls comment.

Push up to top 1 hread.

Hmm, my take on a probable devious/insidious intent.

Theres certainly some real intelligent strategist (3rd party) advising kwsp. They wud have studied n see the real demographics by race, age, resident of which States, etc.
The most obvious conclusion will be Majority race is mostly Govt Pension scheme vs Others definitely in Kwsp. Just go in any Govt offices n count the %.

Why so much focus on Kwsp, when it doesnt bleed Govt budget spending? Shouldnt the Govt be more concerned abt reducing the Pension payout for the many, many ex-Div officers? Do the same lah...why every category (from supreme judge till mppp worker) get same 50% of last pay? The retired div officers should get 35%, while lower tier workers higher %...These are all Gomen misdirection, again the Kwsp public falls into their ruse n we becoming divided (nstead of united to vote the corrupts out of office)

Likely, the Edxx magazine paid by some Govt office to continue such brainwash campaign. Its just an Achoring strategy, as analogy...

Real price of a belt is $1. Seller start price $10, n allows u to negotiate down to $5. U damn happy, tells friends u successfilly negotiated a 50% cost down.
Apply it to kwsp dividend...Seller is Cindy n (some hidden heads from Ministry of Fxxxxxx??) we can already see some contributors quite agreeable to giveaway x.xx% dividends to them.

Unker lazy to pen more thoughts, read twitter on crypto news....need to get above 6.1% interest, save money to buy watch for son.

This post has been edited by Unkerpanjang: Mar 4 2022, 07:24 AM

Any currency we layman deposited into KWXX, Banks, ASXX, are no longer within our control nor belong to us. The Govt of the day can impose emergency rule and take what they want/need.

History already shown such things happen in USX gold confiscation, GREEX deposit $ hair cut, RUSXXX currency controls, SINGXXXXX tiered interest, etc.

So, don't hold all cash n have workarounds to those investment with counterpart risks. Important, don't be too vocal in such public forum.

Don't be misled by the western media. There's no true democracy! Whether a person is a terrorist or freedom fighter is based on their narrative.

Unker 1st to apologize, i was commenting the wrong thread...me now understand its actually English Proficiency Finals.
Mana tu kwsp one?

On the other hand, i appreciate the cryptic spellings....as for the senior forumers.

As long as we r able to de-crypt the msg, it does reassure we r Alzheimer-free.

For example...C- -K, F--K, C--T, those with onset of this disease cannot complete the 4 letter words. Test yourself.

Haha, caught unker attention. Lets debate the rational of that decision....
1. Member can easily nominate daughter to % of kwsp $. Why must transfer now?
2. Why to kwsp, the poor girl cannot touch the money except those exceeding $1M? $50-60k pocket allowance?
3. Unless, foster, adopted, good friend...daughter?
4. Hmm, unlikely for a person to just have $10m in kwsp, n no other investment?

Again, unker kaypoh...haha!

Sorry, unker playing wargame. As i initially penned, good discussion topic.

Im more into understanding that person's psychology...as its Auntie's 1st degree. Err, she the intelligent one, im just the lucky one.

Back to the $10m topic, definitely is not abt lack of confidence nor worried abt insufficient retirement. If anyone says with that amount of money, hes still feels like middle class...he ought to be slapped.

Hence, the initial question why did he chose the kwsp gifting option. A person with $10m kwsp, cannot be your avg intellectual person, and to ask in a public forum. So it must be a hypothetical situation. Hence, the question..for last few decades, kwsp was strict in withdrawal policy...but why now, kwsp allows for $10k withdrawal. You mean to tell me, in the past kwsp members didnt face financial ruin n needed withdrawal, for sure got. So, is hes aware of some clause in kwsp Act...or just taunting us that he has $10m in kwsp.

Back to bro magika, i get it most people are just savers rather than investors. Again, moving yr kwsp to kid, is a zero sum game. No increase in the % dividend.

The real responsibility for saver parents is teach the kids,...migrate funds from low % dividends (sspn, casa, fd, money in piggy bank) into kwsp to earn higher % dividend. Knowing that the parents will support them if they over invested n get into cashflow trouble.

[/quote]
Wah Unker like to read diverse opinions n grounded logic. Syabas to the forumers.

Let us all pray n hope Kwsp n our country as a whole steer back to path of good governance, rule of law n moderation.

Unker now jump to gold, Asnb n crypto thread liao. Also, my other takeaway, teach my 2 cats not to mix n get cheated by feral tabby cats that goes to neighbour house.