I think no minimum age.

Just open Moomoo sg. All other sg broker sucks.

That's what I am doing. Instead of putting in RM60k, I am diverting the RM60k into overseas stock. I realised I cannot have both world so I choose the one with higher chances of higher return with my limited capital.

IBKR should be good enough. Moomoo and TigerBrokers can open account online. Good referral bonuses to new sign ups.

Looks at tabung haji. It's all good until it suddenly happens. 6% is good relative to the last year's inflation rate but not this year's.

If MYR hyperinflates, your retirement is toast.

I would like to welcome you to the club, I'm just ahead of you slightly as new club member also  I do splurge a bit on and off, here and there also, after all that's one of the purpose to save all these while.


Same, I've been hearing same stories since many decades ago. Somehow back then I did my own research and calculation, but no one to discuss with, to me it doesn't make sense EPF will die. Somehow I have faith in my own decision and joined the club recently as well.
0.45% club ... not bad ... boleh syiok sendiri    

Nowadays I'm quite quiet in EPF thread, no point argue with some random fellows who jump in suddenly and ignite fire.  If you are there, you are there, and not easily triggered. I'll just wait quietly for next year dividend announcement >5% definitely (my faith).

To try to explain this better.. for contributions, because usually it's the employer contributing, employees don't get a say on timing, so EPF considers all contributions as being deposited last day of the month, inclusive of that last day, so if you deposit now, you get one day of dividend for your contribution for 31st Dec. However, this contribution will get the full 365 days of dividends for 2023.

If you deposit on 1st December, you gain nothing extra, it is still considered as deposited on 31st Dec.

If you deposit on 1st Jan, it's considered as deposited on 31st Jan.

Hence depositing now is considered the ideal timing, in terms of the time of month perspective.

Hope that helps!

lets hope BNM hike rates properly next year... then we will have a very happy but confusing problem. Imagine 1 year FDs hovering at 6% pa to 7% pa for 2023.

headache or not? haha

property in this country has changed.

shoe box sizes property up 10% 5 years? past 10 years have been stagnant. only developers and banks are winners.

you can 200% guarantee house price goes up 10% every 5 years?

people write here without thinking about time cost, distance cost, lawyer cost, bill costs to attend to the house.

Can someone help explain meaning in hokkien or cantonese? Thanks in advance for your leniency. Help me vote the appropriate reason..

A.


B.

So you still want to argue your silly idea that properties is a better investment vs EPF... all because you came out ahead in properties by leeching off your brother's effort.

ok, I was wrong in thinking that you don't have an agenda. and I was also wrong about EPF being effortless, while properties do need active management of sorts. Oh wait... I am sure everyone of us have a nice brother like yours who will do all the work.

What I do know is that EPF is available to all of us Malaysians, while your brother is available to you.

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

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?

gashout
Thanks, will try not to touch any, so far so good
was just wondering the extra we pump in, just in case need to use, still able to take out should be ok

CommodoreAmiga
Thanks, will take note
The investment insurance, young time kena dy, I think I have at least 3 , so won't be touching that
Share market end of the day, red more than grey, all in all lose money, make less than 5 figure, lose more than 6 figure, tipu orang punya
I not too young dy, stick to epf n fd for now

How come in lowyat, everyone is so rich can easily transfer 60k or 120k just like this, or just that I'm poor? Feel bad for myself.

The dividend is calculated based on the “Modified Aggregate Daily Balance”.. whatever that means. Does this mean daily?

https://www.kwsp.gov.my/en/dividend#FrequentlyAskedQuestion

Expecting 5.5pct for 2022 dividend.

Its human nature to expect more, hehehe

Though wont be disappointed with a 5 considering mediocre results for first 9 months.

I'm also targeting the same

At this rate the 6m dollar man will get 360k.

Can buy the three pointed star car dy.

Maybe 6 is wishful thinking.

Everytime I think it will crash... market will hold and recover longer... 😀 crash is not good for everyone... our epf money also kena impacted...

Bro

Dont la so pessimistic. New PM , China opening up , Putin having second thoughts about war , covid
becoming smaller issue. Maybe bursa ends 2023 at 1600 pts.

The last time I bet France to lift the world cup and at 2 - 0 after first half,
I thought all was lost so I went to bed. Mana tau Argentina conceded two goals
in second half and thereafter extra time the score was 3 - 3. Who would have
thought. In the end Messi led his country to victory via penalty kicks and I had
to open my wallet the next day. I will tell you why I picked France however that would
be a story for another day.

Admittedly I have done naked pushups in my bathroom, never tried running
and if I take up the bet with you, you will be the one figuring out how to pull the feat.

Suffice to say with good governance  , minimal corruption , greater productivity
the country should improve a lot going forward.

That is why sometimes i feel very angry when seeing they took lots of our tax money but can't even make a quality road.
@prophetjul

I think got some misunderstanding here. When prophetjul said > 5m, i didn't relate it to EPF but rather overall saving.

And about retirement, yup, YOLO.
Latest EPF news. They never stop asking government to allow them to withdraw again : https://malaysiagazette.com/2023/01/05/peng...anyak-membantu/

yeah as long as that person is happy with what he/she is doing
who are we to say otherwise?

if one has alot of money but feel uncomfortable doing all that you have said there,
i would be the last to  say he/she is stupid dont know how to enjoy life.