so you don't like clouding of content, but you are ok to allow factually false info and unsound advice to remain uncorrected? 

obviously you have not been paying attention.... I better not cloud this thread right? so I just keep quiet. 

https://www.kwsp.gov.my/ms/web/guest/w/list...1-december-2020

Take a good look at all these companies that EPF hold substantial percentage, then we will realise not many are actually performing well.

Ok 77% 33%

Epf nowadays is basically 50-50 (a bit more complex than that, but essentially this).

Years of brainwashing...

Once retirement...
All must withdraw from EPF...

Then spend it... Or invest in some doubtful schemes introduce by some people...

Few years... Later...
Cry.. not enough $$$ to survive

Thanks to some family or friends influence....

All out.... Using retirement $$$..
I think...
EPF or gomen must do some education course or workshop for those near retirement.... Make sure don't fall into trap... Financial advisors must give inputs....

If not...
Every years sure have many people always lose the $$ or not enough $$$ to survive

Hi Everyone,

I thought dividend for year 2022 has been announced, but I don't see the amount distributed in my EPF account yet.
Does it take time for it to reflect?

======================

*Nota:
1) Dividen Tahun 2023: Dividen Belum Diisytiharkan
2) Selain dari Akaun 1 dan Akaun 2, rujuk penyata sub-akaun bagi butiran terperinci.

Hi All,

I heard of this I Ihsan so EPF contributors can collateralised our Account 2,Is it a good move to offset Higher Personal Loan %?
I have CIMB FastCash 17.09% effective rate.

and 1 more Car Loan.(This Nov will Finish Paying Off)
i am 32 BTW.

What are your thoughts currently in a dillema
Regards

Darrel

Agree with your point about concentration risk. So those who are too young or no where near 1 million rm mark, need to really look into all scenarios. But if it is about putting extra 100rm each month into EPF, its ok lar... won't change your wealth risk profile much.

Yeah, even at my firm, I was the first person (HR told me) to increased my contribution rate to way excess of 50% and she was in shocked. It is all to do with the rubbish fearmongering rumors like: EPF is risky, gov is here to steal your money, some racists rumors also which I shall not spell out, etc...
Of course I did it because it is a safer, more efficient and rewarding way of parking my cash.

I think could be your HR dept too lazy to calculate for everyone how much they can contribute because salary still need to be net positive.

Which is why EPF now not a social institution but farming profit to its subsidiaries instead 🤦‍♀️

Why on earth would you wanna get yourself such debt
Bad debt because the rates are high and if the purpose of using this debt to cover higher interest debt it might be a different but unlikely because those who borrow this is already in deep trouble 🤦‍♀️

good or bad depends on the individual.

if you can find and earn >4.5% consistently over 10 years, it's a good debt
else = bad debt

mesti boleh when we pay for the mbsb installment, just treat it as self contribution lo, then white white earn the difference.

I've found something interesting......



Borrow RM 50k put in EPF assume interest 4.5%(same rate as you loan), end of 10 years = RM 78,349.64

Based on MBSB repayment table for 10 years, 1st 12 months repayment RM 187.50 13th onwards RM 564.00 = RM 63,162.00

Different RM 15k over the span of 10 years, same interest rates.....

is my calculation correct ah????? or somewhere wrong???

If correct means the timing differences of 1 shoot RM 50k deposit to EPF actually is worth while, even if the interest rate is same...

tunggu maklumat lanjut fasa 2 untuk golongan muda like you

that's assuming OPR don't go up.... best if OPR goes down

Rich rakyat will enjoy the OPR