Epf already has lots of exposure to SnP500.

Of course majority is Malaysian esp big chunks of government bonds But out of their 30 plus percent foreign holdings, the majority are equities and the majority of that would be in SnP500 stocks. Epf doesnt publish the numbers, but I would estimate at least 10%, or more than RM100b. Maybe even 15%. Epf has at least as much in foreign equities vs in bursa.

The SPX 24% returns are price appreciation..still.paper gains unless you sell. Recall that epf pays dividends only from realised gains.  Meaning, profits when they sell. To get the full returns as dividends from SnP500 then epf will have to sell all end of last year, which of course they wont.

The Equities asset class contributed RM39.05 billion after netting off write downs, accounting for 58% of the EPF’s total investment income with an ROI of 8.68%. The increase in income, higher compared to RM27.12 billion in 2022, was mainly attributed to higher capital gains following better market conditions. Listed equity write downs for 2023 were minimal at RM0.40 billion, compared to the RM3.43 billion recorded in 2022. Private Equity investments generated an ROI of 9.69%.

EPF is a good place to keep realized gains after 20+ years of investing in SP500 and other ETFs. As long as market is positive, rebalance equity to EPF and reverse the process is market is down. Too bad EPF only allows 100k. why can' they increase it?

I didn't know maybank can do RM50k. My maybank can only do RM5k. Anyway not important to me as I only put in RM3k into EPF
under the  volunteer deposit to claim income tax on life insurance part.

agree....beat inflation need 10%.
Our CPI too fake easy to beat

“Despite the forecasted nominal salary increase staying at 5.0%, inflation in Malaysia is expected to rise from 1.0% to 2.1%, which will reduce the rate at which salaries increase in real terms for workers in the country.

haha... that didn't take long... at least the idea of 4 million ringgit is enough for retirement did last a year at least.

inflation is a tricky thing, because the word means different thing to different people… kinda reminded me of the fact that a he may not be a he anymore. (in this case: lifestyle inflation).
Nonetheless, what I know from own experience of being alive for at least 40 years and being aware almost the same number of years, it is genuinely not as high as everyone thinks. (of course it is not zero also).

A few concrete examples of numbers that I so happen to know:
My current car bought in 2009 for 150K, latest version price is ~190K :    inflation ~1.8% pa
Chicken rice in late 1980s is 1 rm, now is 7 to 8rm :                                inflation ~6%
Education in a Ivy U in late 1990s is ~ 70K rm (@3.8) per year, now is ~300K rm (@4.7) per year:    inflation ~5.5%
One of the few items I noticed that really has high inflation rate is luxury watches. A entry level AP watch was like around 30K rm in 2011, now if want to buy even second hand is like above 200K rm. That’s like 16% increase. Btw, this is just one luxury brand, not all brands can command such inflation rate.
What about medical bill? Anyone has factual numbers to share?

Media always claim education and healthcare will always have some of the highest inflations. Of all the unis, i would guess the US Ivies would command the highest inflation right? and that also is around 5 to 6% pa only in ringgit terms when our ringgit already crashed vs usd.

So to claim that we need EPF to be running at 10 to 20% return is silly… but beating inflation is a given and it is in EPF’s mandate to do so…

it's says account 3 is optional....

so those didn't "transfer" into account 3...

don't get account 3? for contribution after 11 May?? maintain 70/30??

All contributions after 11 May 2024 will be allocated into the new accounts in the following manners: 75% into Akaun Persaraan, 15% into Akaun Sejahtera and 10% into Akaun Fleksibel.

so I'm forced to have account 3?

cannot opt out??

later few years. tthe dividend would be lower...

as confirmed by EPF announcement

EPF says expected around 25Bil only would be withdrawn by members, from total 57Bil.

but looking at the situation now, where everyone is waiting to withdraw asap.  I think that 25bil figure would be higher, towards 30bil or even 40bil

How 280k can be t20? It can’t even generate a 50k dividends annuallyand that’s only m40 income without considering inflation and ringgit depreciation.

Wow. Whose choosing not to opt in? Dividends will be the same isn't it? Plus now flexibility to withdraw why won't anyone opt in if you have above 3k

sorry, can opt out? i thought no option to opt out? or epf u-turn recently?

can we opt now? using the app?

Members can transfer their savings as follows:
i. Akaun Fleksibel to Akaun Sejahtera
i. Akaun Fleksibel to Akaun Persaraan
iii. Akaun Sejahtera to Akaun Persaraan

Savings can only be transferred in one direction and cannot be reversed back into the original account. There is no limit on the amount that can be transferred between accounts.

Refer to the illustration below:

Damn now nobody talks about self contribution but about the opposite of withdrawing instead its 28 of the month, best date to invest in order to get full next month's dividend again

Next year same dividen all of 3 accounts on what they announce. This was mentioned multiple time

However, EPF chief executive officer Ahmad Zulqarnain Onn said that while at present the dividends remained the same across all three accounts, this could change in the future.

"This was because, by default, liquid assets do not attract higher interest rates or dividends," he was reported as saying

i wanted to ask if we can start speculating 2024 dividend rate, thought too early, and your post came..

The EPF said over 80 per cent of the EPF's new investment allocation was directed to the domestic market, and its remains dedicated to supporting and contributing towards achieving the goals outlined in the Madani Economy Framework.

https://www.nst.com.my/business/corporate/2...qgMerWnv15-UfKQ
Basically don't expect high dividend rates going forward

Would be lovely to see Q3 numbers....

Since it's would be heavy on local....

Compared to Q2 which 38% still international exposure

How much asset value is considered rich today? 

High Net Worth Individual as defined in Part 1 of Schedule 6 and Schedule 7 of the CMSA being:

- An individual who has a gross annual income exceeding RM300,000 or its equivalent in foreign currencies per
annum in the preceding 12 months.

- An individual who, jointly with his or her spouse, has a gross annual income exceeding RM400,000 or its
equivalent in foreign currencies per annum in the preceding 12 months.

- An individual whose total net personal assets, or total net joint assets with his or her spouse, exceed RM3 million
or its equivalent in foreign currencies, excluding the value of the individual’s primary residence.

once you have 1 mil by the age of 40, and not contributing more, it will be 2.6/2.7 mil by the age of 65 = 13k/ month passive.

1 mil as soon as possible is the game to play! rest is bonus.