What sucikan? Sprinkle holy water on money??? Don't understand.

WTF!!!!

For sure kena. I think all these salesperson quit very fast, always see new faces.

Trust China stocks? Now china on depression already. Gov step in also barely can save the crumbling property sector. lol.

This post has been edited by CommodoreAmiga: Mar 5 2024, 08:37 PM

Unker can't read chinese...unker can only read computer codes.

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

A woman, Nufali, posted that she has a friend in her circle who is 45 years old. He is the head of a family and works in the information technology industry in Kuala Lumpur.

"He rides a motorcycle to work every day to avoid traffic jams. He graduated at the age of 23 and has been working ever since. Like others, he once withdrew money from the Provident Fund Account 2 to buy a house."

Nufali pointed out that the other party told her that saving a million provident fund is not a dream and anyone can do it.

“First, you must have a stable job and sufficient wages. Secondly, you must make contributions to the Provident Fund Board. Thirdly, you will not use your provident fund savings if it is not necessary. Fourthly, increase your wages by changing jobs (you can pay to the new employer Demanding higher wages), and he has changed employers eight times."


She said that during the COVID-19 movement control order, many people were affected, but this friend was very calm because he had enough savings for emergencies.

She pointed out that the Provident Fund Board recently announced a dividend of 5.4% (Islamic account) in 2023, and the interest on her friends’ provident fund deposits is as high as RM54,154.

She said that her friend is only 45 years old this year. If he retires at the age of 60, his provident fund savings can reach more than 2 million ringgit, and the interest alone will be 10,000 ringgit every month.

"There are many millions of migrant workers like this. They are humble and low-key."

I think what that article meant there are many migrants who are hardworking and low key. Not neccessary have RM1 mil in EPF.

Our gov already kowtow EPF withdraw and make Acct 3. No way they will follow SG, sure that group of people will riot already.

Sailang showhand withdraw all? Just curious.

What i meant is aaccount locking. SG lock their account right? Can't withdraw one shot? I am not very sure.

Wah, so many taikos withdraw dividend money to buy Lembukini already...

I think you have to do somehing first to register online withdrawal? Not sure...

Got link to CS Channel?

Your kopi have to wait. Today drink Ais kosong first.

Here. I made another spreadsheet. But i think need to start at 7k salary for 20 years, with assumption 5% increment to make RM 1mil.

Of course i no count bonus, you can enhance it if you want. Ignore the other sheet about diminishing withdrawals i made earlier.

 Calculate_EPF_withdraw_diminishing.zip ( 12.14k ) Number of downloads: 16

This one kopitiam aunty and unker saying this when i was 20 years old. Now their children brainwashed by their parents sitting in kopitiam saying same thing....

I am more worried about Malaysia bankrupt than EPF bankrupt though...

Same as bankrupt as our savings in RM became toilet paper.

In 30 years. Jiken rice=RM1000. Like Japanese Yen. Ok lah, at least RM50 like that.

This post has been edited by CommodoreAmiga: Mar 8 2024, 08:57 AM

Wow. I kasi tembak also kena. My tikam very powerful. Now chicken rice already RM10-RM20 depending where you eat. So not that far fetch. Iphone will be RM50k btw.

Same. But i want to be pig feed.

Bean sprout the stupidest thing you can order. Last time it's like 50 cents whole packet, now maybe RM1-RM2. Paying RM15 for a plate of beansprout is really a rip off beyond words. Which is why i never order beansprout, better order some leafy vege.

Definitely. RM 1.1 trillion is only USD200B++. NVIDIA Alone is now USD1.7 trillion i think.

Should invest 70% overseas, then surely returns can go above 10%.

This post has been edited by CommodoreAmiga: Mar 8 2024, 11:12 AM

High time to abolish pencen. What happens to all the talks now? I didn't follow.

RM7 is hard to find in KL/PJ. At least RM8.

if parents too rich, oklah. RM1mil like loose change. Throw away RM1 mil let kids have fun overseas. I look at it, study overseas if you intend to migrate, maybe you can get use to the new country and pave your way to get a job there to start. Else no point...better save that RM1 mil, give kid to invest and get a head start in life.

Even my friend last time he went overseas, he also says no different...lol.

Agree with ya.

This post has been edited by CommodoreAmiga: Mar 16 2024, 04:58 PM