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 EPF DIVIDEND, EPF

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drbone
post Feb 23 2017, 08:09 AM

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To share , self contributed money that was deposited into own account from M2U and PBEOnline 2 days ago is already in. Waiting for the remainder that was deposited yesterday.
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prophetjul
post Feb 23 2017, 08:47 AM

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QUOTE(plumberly @ Feb 22 2017, 09:03 PM)
My gut feel is something is not right with the low 5.7% despite the record 2016 revenue. See below. Swept/hidden under RM8.2 billion impairment?
Pakatan Harapan leaders today urged the Employees Provident Fund (EPF) to dispose its investments in 1MDB as soon as possible.

In a joint statement signed by Parti Amanah Negara’s Dzulkefly Ahmad, PKR’s Wong Chen and DAP’s Teresa Kok, the opposition coalition claimed that the decrease in EPF’s 2016 dividend rate was due to EPF’s investment amounting to RM1.72 billion in 1MDB.

Apart from the EPF, Pakatan Harapan also urged government institutions such as Tabung Haji and Retirement Fund Inc (KWAP) to dispose their investments in state investment fund.

The EPF, they said, was facing financial problems which would in turn affect EPF depositors.

“EPF’s investment of RM1.72 billion is a huge amount, more so since the funds are from the people’s savings,” they said.

Read more: https://www.malaysiakini.com/news/373422#ixzz4ZQ0TF2Ab
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BIASA........EPF lendings, bailouts and write offs.
Afterall, as the CEO said...........ONLY 1.2% of NAV.
yhtan
post Feb 23 2017, 09:34 AM

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QUOTE(plumberly @ Feb 22 2017, 09:03 PM)
My gut feel is something is not right with the low 5.7% despite the record 2016 revenue. See below. Swept/hidden under RM8.2 billion impairment?
Pakatan Harapan leaders today urged the Employees Provident Fund (EPF) to dispose its investments in 1MDB as soon as possible.

In a joint statement signed by Parti Amanah Negara’s Dzulkefly Ahmad, PKR’s Wong Chen and DAP’s Teresa Kok, the opposition coalition claimed that the decrease in EPF’s 2016 dividend rate was due to EPF’s investment amounting to RM1.72 billion in 1MDB.

Apart from the EPF, Pakatan Harapan also urged government institutions such as Tabung Haji and Retirement Fund Inc (KWAP) to dispose their investments in state investment fund.

The EPF, they said, was facing financial problems which would in turn affect EPF depositors.

“EPF’s investment of RM1.72 billion is a huge amount, more so since the funds are from the people’s savings,” they said.

Read more: https://www.malaysiakini.com/news/373422#ixzz4ZQ0TF2Ab
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all those 1.72bil is bond and it didn't write off. The 8.2bil impairment mainly on equities
tonytyk
post Feb 23 2017, 10:25 AM

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QUOTE(drbone @ Feb 23 2017, 08:09 AM)
To share , self contributed money that was deposited into own account from M2U and PBEOnline 2 days ago is already in. Waiting for the remainder that was deposited yesterday.
smile.gif
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mind to share how do we check on that?
drbone
post Feb 23 2017, 11:10 AM

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QUOTE(tonytyk @ Feb 23 2017, 10:25 AM)
mind to share how do we check on that?
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I checked using my iPhone app , logged into I-akaun and tapped on mini statement 2017 . Scroll all the way down and it's clearly stated for self contribution.
tonytyk
post Feb 23 2017, 12:03 PM

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QUOTE(drbone @ Feb 23 2017, 11:10 AM)
I checked using my iPhone app , logged into I-akaun and tapped on mini statement 2017 . Scroll all the way down and it's clearly stated for self contribution.
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Wow, didn't know I-Akaun provide update so regularly, thought once a month
utellme
post Feb 23 2017, 01:04 PM

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QUOTE(Ramjade @ Feb 20 2017, 12:40 PM)
Let's not forget RM is dropping yearly against SGD tongue.gif
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I think Singapore CPF for the employer contributions is capped at $4K salary only. Therefore you don't expect that you have a lot if your monthly paycheck more than 10k.but Singapore personal tax is much lower than Malaysia.
drbone
post Feb 23 2017, 01:21 PM

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QUOTE(tonytyk @ Feb 23 2017, 12:03 PM)
Wow, didn't know I-Akaun provide update so regularly, thought once a month
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Yup pretty efficient now.
T231H
post Feb 25 2017, 09:28 AM

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some interesting numbers to ponder about this weekend....

How the EPF stacks up against other funds

Read more at http://www.thestar.com.my/business/busines...8YcXpck8Ekly.99

expecting lower dividend in the coming years??
Ramjade
post Feb 25 2017, 09:44 AM

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QUOTE(T231H @ Feb 25 2017, 09:28 AM)
some interesting numbers to ponder about this weekend....

How the EPF stacks up against other funds

Read more at http://www.thestar.com.my/business/busines...8YcXpck8Ekly.99

expecting lower dividend in the coming years??
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Sounda like damage control.
nexona88
post Feb 25 2017, 11:37 AM

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QUOTE(T231H @ Feb 25 2017, 09:28 AM)
some interesting numbers to ponder about this weekend....

How the EPF stacks up against other funds

Read more at http://www.thestar.com.my/business/busines...8YcXpck8Ekly.99

expecting lower dividend in the coming years??
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Hmm more like tells people not to hope for higher dividend devil.gif
danmooncake
post Feb 25 2017, 01:08 PM

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Somewhere between 5% to 6% on average over lifetime.. cukup-lah! biggrin.gif
jorgsacul
post Feb 26 2017, 06:12 PM

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QUOTE(danmooncake @ Feb 25 2017, 01:08 PM)
Somewhere between 5% to 6% on average over lifetime.. cukup-lah!  biggrin.gif
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Can go higher if ringgit devalue more...
Hansel
post Feb 26 2017, 07:26 PM

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QUOTE(jorgsacul @ Feb 26 2017, 06:12 PM)
Can go higher if ringgit devalue more...
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This is a good opinion,... I sensed something along this line too. Why do you say this ?
nexona88
post Feb 26 2017, 08:15 PM

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QUOTE(jorgsacul @ Feb 26 2017, 06:12 PM)
Can go higher if ringgit devalue more...
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Mind explaining icon_question.gif
netmask8
post Feb 26 2017, 10:28 PM

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QUOTE(jorgsacul @ Feb 26 2017, 06:12 PM)
Can go higher if ringgit devalue more...
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Always like to compare Singapore. See CPF, FD rate, after retirement no much $$ left in cpf. Thanks to world expensive country.smart Singaporean don't buy property there..Buy here with big landed deal. thumbup.gif

Compare with Singapore CPF 2.5% dividend ohmy.gif , employee deduction monthly 20%, employer contribute 17%. Total = SGD 37% . sad.gif

Msia employee deduction 8 or 11% in RM, yet getting better percentage ROI. rclxm9.gif

How?? Why??

This post has been edited by netmask8: Feb 27 2017, 08:53 AM
danmooncake
post Feb 27 2017, 06:22 AM

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QUOTE(jorgsacul @ Feb 26 2017, 06:12 PM)
Can go higher if ringgit devalue more...
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Sure.. only if Msia "overseas" investment is substantial enough to earn a lot more
and the ringgit devalues further against the foreign currencies, then surely it will translate into higher
earnings when converted back into Ringgit.

But, then again. It can go both ways. If Ringgit appreciates again, earnings from abroad will be lesser..
thus, don't be mad if dividends will go lower.

Here's the thing a lot of people don't realised. There is a MANDATORY requirement, at minimum,
dividends at 2% is GUARANTEED. This is regardless of EPF making money or not.
EPF could potentially run into problem (with negative revenue) if there is a severe world wide recession that runs multiple years. So far, EPF is very lucky, none of them has happened.





prophetjul
post Feb 27 2017, 08:46 AM

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QUOTE(danmooncake @ Feb 27 2017, 06:22 AM)
Sure.. only if Msia "overseas" investment is substantial enough to earn a lot more
and the ringgit devalues further against the foreign currencies, then surely it will translate into higher
earnings when converted back into Ringgit.

But, then again. It can go both ways. If Ringgit appreciates again, earnings from abroad will be lesser..
thus, don't be mad if dividends will go lower.

Here's the thing a lot of people don't realised. There is a MANDATORY requirement, at minimum,
dividends at 2% is GUARANTEED. This is regardless of EPF making money or not.
EPF could potentially run into problem (with negative revenue) if there is a severe world wide recession that runs multiple years.  So far, EPF is very lucky, none of them has happened.
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Sounds like a DEPRESSION.... sweat.gif
icemanfx
post Feb 27 2017, 11:36 AM

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QUOTE(danmooncake @ Feb 27 2017, 06:22 AM)
Sure.. only if Msia "overseas" investment is substantial enough to earn a lot more
and the ringgit devalues further against the foreign currencies, then surely it will translate into higher
earnings when converted back into Ringgit.

But, then again. It can go both ways. If Ringgit appreciates again, earnings from abroad will be lesser..
thus, don't be mad if dividends will go lower.

Here's the thing a lot of people don't realised. There is a MANDATORY requirement, at minimum,
dividends at 2% is GUARANTEED. This is regardless of EPF making money or not.
EPF could potentially run into problem (with negative revenue) if there is a severe world wide recession that runs multiple years.  So far, EPF is very lucky, none of them has happened.
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Given rm historical record, it is on downtrend for the last 30 years and likely to continue for another 30 years unless there is a change of gomen and policy.

In the event of world wide recession, which is unlikely in the foreseeable future, there are better instrument than rm for wealth preservation.

theevilman1909
post Mar 13 2017, 06:22 PM

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http://www.theedgemarkets.com/my/article/n...?type=Corporate

Najib: Using EPF savings withdrawal to pay off debts would defeat EPF’s retirement purpose

“The purpose of EPF is to allocate sufficient savings for its members after retirement. The proposal to allow members to take out their savings to repay credit card debts or loan sharks, goes against its objective as a social security organisation to provide retirement savings,” he said

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