EPF itself may look zero risk... but its denominated in MYR and our account balance doesn't float freely along with market condition. So the big risk lies in MYR.

Did not read all the threads but whichever hole you are buying your properties from that double the price from 2013.. do tell.. as far as I know.. properties have been flat since then or the increase has been very marginal.
...

So come 2023 will it be 60k or 100k max for voluntary self  contribution ??

EPF itself may look zero risk... but its denominated in MYR and our account balance doesn't float freely along with market condition. So the big risk lies in MYR.

Property and other better investment

I think best we remain this an epf topic

Passive
Effortless
Low risk

Did my last round of contribution for year 2022 for my future self. 🙏

Epf dividend topic starting to become property topic.

If that is the case, will only get 1 day dividend for the full month of Jan2023?

Yes ,all. more queries  bring to prop thread
i have done mine, you may be abit late now.
property's not my forte also.
you didnt get the whole picture
it started with one regretted taking all EPF money pay house loan
it was pointed out that a wrong move.

Then came tongue twister who said no, it was ok properties will appreciate more use EPF money
which was shot down repeatedly
someone shot the above, properties return better than EPF
another came said No, that was because you bought in 1996,
after 2013 if  you buy no way can be so good....

i shared my data to show buy later also can be as good.

it is better that we see the whole big picture before we quickly press the button.
abstain if we are unsure what is contention there.

No you are wrong, my sharing of that spreadsht is only to show non believers who

1) cant  agree with prophetjul's post prop earning CAN BE much better than EPF
2) said  buy properties after 1996 -2013 cant make money, cant beat EPF

My spreadsheet is real life proof buy late from  2012 to 2019 still can make good profit

Please dont  think it was meant to  tell you guys go withdraw EPF money buy properties.

As for your worries about props so difficult to handle
for me it was easy, my brother does all the work. but that is beside the main point

Yup, the transaction takes about 2 days, just did mine on 28th afternoon, and it was only reflected on EPF account today.

However, the EPF transaction history shows on 29th.

yeah i agree. Doing the same thing doesn't mean we all must get same results.

Had i put that money in EPF it would have been a big mistake on my part. 1 million would only become 2 million.
No one is arguing with you silly.
You decide for your self

No one is telling you to buy properties also.

What is wrong with you?

If one's property's  return is better than EPF and he stated so as a matter of fact,
like this
which part of you is being pinched?

EPF is passive,
forced saving, not even an investment per se,

losing out to active investment is normal,
what makes you squirming like that?

why must you all insist properties return CANNOT beat EPF?

The moment someone showed his 10% properties return and said it is  much better than EPF
you must jump and tried to whitewash it?
That is why i showed the spreadsheet to say ,yes  believe that, Prop CAN beat EPF
doesnt mean to blanket say  Prop Is a better investment for all as you alleged.
you want to pretend stupid dont know the difference, what can i do?

thank you

so regardless how much I pump in, only the acc 2 I can withdraw, unless I have 1m in it

since 1m is still a long way to go for me, would it be safe to say I just park it in normal FD with lower interest as compare to EPF just in case I needed the money

Yes i agree. because they have excess funds aka rich . and i see those arguments about EPF and properties in this thread.  guys , chill.....
my principle is "your money, your choice". no need argue which one is better. If you too obsessed with EPF or properties or any other investment, until wanna argue till sky, my question is "Is everybody got the chance to survive or live till 60 years old to enjoy the fruits of the investment? "  (dont twist my meaning...i didnt mean we shouldn't invest ya) .

look at Batang kali incidents, Korea's stampede, not to mentioned 2 of my friends passed away due to COVID.   

Wedchar2912
Thanks for the advice
normal FD I can get 4% minimum for per annum, but from my understanding, EPF will always have a higher yield than banks, no?
I think I should be able to reach the 1m mark in 5 years time, so its better for me to speed up the process?

...

I made a deposit on 30th december 2022 by M2U, date captured is 4th jan 2023, but it is highlighted as december 2022 contribution.

>Rm 5 million

Because of FIRE movement, quite a number of forumers are trying to make the cut. In order to achieve it, most simply lower the bar by saying , i can live with such and such a sum every month.

There should be a targetted approach with high bar with a cutout age. For example :

A. If i reach a sum of RM50 million by the age of 35 then RE.
B. IF not a sum of RM25 million by the age of 40...
C. If not a sum of RM15 million by the age of 45 ...
D. If not a sum of RM10 million by the age of 50...
E. If not a sum of RM5 million by the age of 55....
F. If not retire by the age of 60  or work as long as needed...

My thoughts....

( sorry wrong thread but applicable to current discusssion)

One shouldn't be using EPF money for children's education at all, unless you have a couple of millions already parked there before 55 to earn the interests. If just saving the EPF enough for retirement, the money in EPF shouldn't be touched at all. You should have planned and saved for child's education the day your kids were born, or even before that.

I have friends, have to withdraw EPF for 2 kids higher education. So stressed. Keep saying need to keep some for their retirement....

Yes, but unfortunatel reality is, a lot of people don't have savings outside of EPF. Because they have failed to manage their finance, EPF is their last resort for old age retirement.....which is why the gov should not allow anymore adhoc EPF withdrawals for people to waste it on useless junk. A Fool and his money are soon departed.

There was a true story in Malaysia...a widow with a couple of kids..they were in bad shape but actually won lottery of RM1mil. After a couple of years, news came out again they have lost everything and back to square one. Pinjam money to relative lah, bad investment lah (probably the biggest killer) and spend on unnecessary luxuries.

No point giving money to people who have no idea to handle money. Give them more, they will still throw it away.

For my retirement fund, I target 50% EPF n 50% outside DIY managed.