50%

NYSE Market rally the last 2 months. If they caught on, could be possible. I also made some nice duit kopi, cincai tembak trade.

This post has been edited by CommodoreAmiga: Dec 15 2023, 01:50 PM

I tikam 6.25%

I don't like it. He should resign as EPF CEO. Later got conflict of interest or pressured by PM to do hanky panky with EPF.

Got news he resigned? I don't see wor.

As Ankle said above, it is meant as a retirement fund. You should not solely depends on EPF but it is critical it is part of your portfolio. Do you know even if you goes bankrupt, they can't touch your EPF money? Yep, even if you failed business/investment outside, this will be your LAST FUND STANDING.

And we can't predict what will happened in the future. But i can foresee that retirement age will be shifted forward for sure. Most countries retirement age is at 60-65. So likely the 50/55 retirement age will be slowly shifted forward to this number. This i can say is a certainty. Just a matter of time. If you are still young, prepare and plan for this inevitability. So goes back again, do not depend on EPF as your sole source of financial accumulation. That is your retirement piggy bank. You should be investing outside of EPF when you are young because time is on your side and you can take heavier risk. Split your investment risk rating accordingly. Maybe 30% in EPF and FDs (very safe instruments) and 70% in stock markets/cryptos and a bit of property. As you age, slowly move more to safer instruments.

Problem is majority of Malaysian has no financial knowledge nor awareness. Which is why, i feels if the retirement age being push to later, it is actually good for these people, although it is not good for the rest of us who has plans and knows better on how to deal with our money.

Even if you give them RM1 million at 55, they will spent it all in a few years time. I vividly remembers a much publicized story about an Indian woman and her family...won RM1 million lottery....a few years later in the news again...lost everything and now in poverty again. It is pointless to give these people money. They will just throw it all away. Like my nephew..i always encourage him to learn investment (and i nag my son too). Even i am learning now. But young people these days seems so ignorant....my nephew jokingly ask me for money to invest...it pissed me off. He wasn't listening. No point i borrow you money if you don't want to put in effort to work and learn. I can even gift you some money to start investment if you show you are worthy...He is not worthy...(Avengers music plays in background).

So coming back to it....we are sorely lacking Financial education in schools and probably more effort is needed to promote and make it into the mainstream. If everyone still bodoh throwing away their money, in the end there will be a large population of senior citizens who can't financially support themselves(already happening). We are already a low income country....coupled with RM toilet paper, inflation, bad policies, politikus religious/race card...we are definitely on track going to the FINAL DESTINATION.

This post has been edited by CommodoreAmiga: Dec 26 2023, 09:53 AM

But son has high salary is not a valid condition lor...what if son is Char Siew?? Just saying the scenario...not saying you are Char Siew. 😅

Wah....SUPER CHAR SIEWS!!!!

A friend of my friend...kena liao...runs an IT company....sepandai pandai tupai melompat...

Throughout the year, they are trading. Should be selling and buying. Those are realised gains as mentioned by Cubalagi. Just looking at the index point end of each year does not tell much, except the general market trend. In between got ups and downs. Only passive investor will hold for years without selling. If like that EPF won't make any money. When a stock hits all time high, it's time to take profit. When it goes down, then you pick back up the stocks after price correction. But in Bursa, price movement and liquidity is too slow and little. Probably earns more from dividend than stocks trading in Bursa. Which is why it's critical EPF must invest more in US stock market...not using EPF money to bail out local useless companies....

This post has been edited by CommodoreAmiga: Dec 31 2023, 10:03 AM

Wooi. I predicted 6.25% , you all salivating already. Now no heart attack meh?

Ah Jib Gor 6.9% best record wor.(or was it 6.7%?, can't remember exactly). PMX must flex muscle mah...else how to cabar Ah Jib Gor?

This post has been edited by CommodoreAmiga: Jan 2 2024, 10:57 AM

I'll put it back to EPF wait for 7.9% next year.

Remember...once you masuk, it's one way ticket....later make trap suddenly one year give very good...after all the mice masuk...hehehehe...

Apple is Gay, not Halal. Meta is Yahudi, also not Halal.

This post has been edited by CommodoreAmiga: Jan 2 2024, 04:34 PM

Japan Earthquake. This year cannot go.

Starbucks and McD confirmed not halal.

I have just registered an account. Tons of question need to update. Inside got one "Dividend income". Not finished looking yet. Take time slow slow to fill up. 3 months time.

Got one section:
Harta, Pelaburan & Royalti
Anggaran pendapatan purata bulanan daripada Harta, Pelaburan & Royalti (bagi tempoh 12 bulan kebelakang) seperti pendapatan berkala daripada sewaan bangunan & kenderaan. Sekiranya pendapatan sewaan bangunan/kenderaan merupakan hasil perniagaan, maklumat perniagaan perlu dikemas kini pada Maklumat Pekerjaan (Bekerja sendiri).

Maybe we open separate thread to talk about this.

This post has been edited by CommodoreAmiga: Jan 2 2024, 06:22 PM

AFAIK, most UT will make less money than EPF in the long run. I also kena scammed when i was younger. Luckily, still making money, not loss. Probably higher than the unfortunate person here. Maybe i get around 4%+ on average per year. What i hate about UT is the complexity. It's so complicated nobody can understand how to calculate, convert to units lah, convert back, in between all sorts of charges and fine prints. Lose kaw kaw. Purposely to confuse customers.

EPF. Cold hard cash. 1 line in calculator can count already.

I have redeemed all my PM back to EPF about 2 years ago i think, when it was a bit higher. Now steady in EPF earn dividend.

Tom Cruise says no Mission is Impossible!

I am sticking to 6.25% Huat Ah! Ong mali mali Ong!

This post has been edited by CommodoreAmiga: Jan 4 2024, 06:12 PM

Our Economist Analyst also lose to you liao.