EPF DIVIDEND, EPF
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 Jan 30 2015, 04:49 PM
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Senior Member
11,554 posts Joined: Aug 2009 
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QUOTE(xuzen @ Jan 30 2015, 04:44 PM) Tell your aunt to be very careful... The Anti-Money Laundering Act 2001 coz her wealth to be frozen and forfeited if she is ever found as an accomplice to money laundering. Why she need to worry? As all the trust fund or annuities in Malaysia are cleaning the dirty money what?Xuzen  |
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Jan 30 2015, 04:51 PM
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Senior Member
4,436 posts Joined: Oct 2008 
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QUOTE(supersound @ Jan 30 2015, 04:49 PM) Why she need to worry? As all the trust fund or annuities in Malaysia are cleaning the dirty money what? I am sorry you think that way, it shows your ignorance true and true.Xuzen |
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Jan 30 2015, 04:52 PM
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Senior Member
11,554 posts Joined: Aug 2009
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QUOTE(xuzen @ Jan 30 2015, 04:51 PM) I am sorry you think that way, it shows your ignorance true and true. She is a branch manager, so if you want me to trust who, I'll trust her more.Xuzen |
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Jan 30 2015, 04:54 PM
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All Stars
48,420 posts Joined: Sep 2014 From: REality
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QUOTE(supersound @ Jan 30 2015, 04:37 PM) There's a lot. My uncle's wife are 1 of them. lol like tis kind of people also have in malaysia She have no time to entertain chicken feed type of customer. She only have interest on people that want to clean their dirty money from songlap projects. She says like this she will feel better as this is a money cheating business. Cheating middle class money are very bad   |
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Jan 30 2015, 05:03 PM
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Senior Member
11,554 posts Joined: Aug 2009
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QUOTE(nexona88 @ Jan 30 2015, 04:54 PM) lol like tis kind of people also have in malaysia Do a business with latuk, just the commission will be close to 6 figures.Do a business with us, how much the agent can get? During work she drives a ES Hybrid and at home RX350 eating dust. I can't find any reason on not trusting her. Wish I have connection like her  |
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Jan 30 2015, 05:10 PM
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All Stars
48,420 posts Joined: Sep 2014 From: REality
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QUOTE(supersound @ Jan 30 2015, 05:03 PM) Do a business with latuk, just the commission will be close to 6 figures. woah 2 bijik Lexus Do a business with us, how much the agent can get? During work she drives a ES Hybrid and at home RX350 eating dust. I can't find any reason on not trusting her. Wish I have connection like her  which I only can dream of owning it  only way is to do like her or be some crony  |
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Jan 30 2015, 05:12 PM
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Senior Member
11,554 posts Joined: Aug 2009
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QUOTE(nexona88 @ Jan 30 2015, 05:10 PM) woah 2 bijik Lexus That's right. Not to mention 3 bungalows she has. Currently staying are the cheapest, that also rm900k. The other 2 1 is in Damansara and 1 in Johor. which I only can dream of owning it only way is to do like her or be some crony |
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Jan 31 2015, 12:49 AM
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Senior Member
5,850 posts Joined: Sep 2009
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QUOTE(supersound @ Jan 30 2015, 04:04 PM) Ok what, better than buying sure lose money scheme products like unit trust and annuities Are you telling us all Unit Trusts are sure lose money products?  Sure EPF is good, but i also find UT making money (for me) as well. must diversify what.. |
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Jan 31 2015, 07:39 AM
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All Stars
52,874 posts Joined: Jan 2003
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QUOTE(guy3288 @ Jan 31 2015, 12:49 AM) Are you telling us all Unit Trusts are sure lose money products? Losing money is because you have to pay upfront service charge. I believe that's what he tried to point out.Sure EPF is good, but i also find UT making money (for me) as well. must diversify what.. |
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Jan 31 2015, 09:32 AM
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Senior Member
5,850 posts Joined: Sep 2009
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people are even taking out their EPF money to invest in Unit Trusts, and approved by EPF. But i wont use epf money la for that.
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Jan 31 2015, 09:48 AM
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All Stars
48,420 posts Joined: Sep 2014 From: REality
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QUOTE(guy3288 @ Jan 31 2015, 09:32 AM) people are even taking out their EPF money to invest in Unit Trusts, and approved by EPF. But i wont use epf money la for that. may I know the reason?  |
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Jan 31 2015, 02:21 PM
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Senior Member
11,554 posts Joined: Aug 2009
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QUOTE(David83 @ Jan 31 2015, 07:39 AM) Losing money is because you have to pay upfront service charge. I believe that's what he tried to point out. Not to mention annual fees.QUOTE(guy3288 @ Jan 31 2015, 09:32 AM) people are even taking out their EPF money to invest in Unit Trusts, and approved by EPF. But i wont use epf money la for that. I will take my EPF money out provided those funds willing to sign a B&W stating after all the fees incurred they are giving 2X from what EPF declares.Lesser than that, no way. Calculated before, by taking EPF money out for investments, the ROI must be 2X+ fees. |
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Jan 31 2015, 05:10 PM
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All Stars
52,874 posts Joined: Jan 2003
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QUOTE(nexona88 @ Jan 31 2015, 09:48 AM) may I know the reason? PPA has quoted a reason that whatever you're saving in EPF is already NOT enough for retirement! |
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Feb 3 2015, 12:57 PM
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Senior Member
4,436 posts Joined: Oct 2008
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QUOTE(supersound @ Jan 30 2015, 04:52 PM) She is a branch manager, so if you want me to trust who, I'll trust her more. You are most likely an impressionable youth and who is using your aunt as a role-model because you see her wealth as a measure of success. It is natural. However I wish to caution to those who are thinking along similar line as supersound to bear in mind that the financial services industry has changed and it is not so easy to "help rich datuk" move the money around anymore. New laws such as AMLAFTA and FATCA gives our local enforcement people (Jointly the custom, police, BNM and Sec-Com) more bullet to curb money laundering and illicit out-flow of funds. Do not hero-worship people who "help datuk" move money around... it is criminal. Xuzen |
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Feb 3 2015, 01:02 PM
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All Stars
48,420 posts Joined: Sep 2014 From: REality
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FATCA? Foreign Account Tax Compliance Act?
QUOTE FATCA targets tax non-compliance by U.S. taxpayers with foreign accounts ... The objective of FATCA is the reporting of foreign financial assets |
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Feb 3 2015, 02:00 PM
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Senior Member
11,554 posts Joined: Aug 2009
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QUOTE(xuzen @ Feb 3 2015, 12:57 PM) You are most likely an impressionable youth and who is using your aunt as a role-model because you see her wealth as a measure of success. It is natural. However I wish to caution to those who are thinking along similar line as supersound to bear in mind that the financial services industry has changed and it is not so easy to "help rich datuk" move the money around anymore. Local enforcement? Combat corruption? If they really does, those latuks will be the first to know.New laws such as AMLAFTA and FATCA gives our local enforcement people (Jointly the custom, police, BNM and Sec-Com) more bullet to curb money laundering and illicit out-flow of funds. Do not hero-worship people who "help datuk" move money around... it is criminal. Xuzen |
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Feb 5 2015, 03:03 PM
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Senior Member
10,001 posts Joined: May 2013
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Feb 5 2015, 03:49 PM
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All Stars
48,420 posts Joined: Sep 2014 From: REality
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"The source said the dividend rate for 2014 is likely to range between 6.4% and 6.7%"
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Feb 5 2015, 04:49 PM
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Senior Member
1,423 posts Joined: Aug 2010 From: Sarawak
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QUOTE(wil-i-am @ Feb 5 2015, 03:03 PM) based on the news, the dividends will be declared sometime in next week..i am anxiously awaiting for the dividend news.. |
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Feb 5 2015, 05:34 PM
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Senior Member
11,554 posts Joined: Aug 2009
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QUOTE(wil-i-am @ Feb 5 2015, 03:03 PM) High or low doesn't matter as I only take EPF's dividend at 5% only. |
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