no one knows... asking about the future at times is a futile exercise...

if it is just about the stamina to walk, the solution is relatively simple... everyday make sure you walk like 10 to 15K steps... then when you travel, you know u at least can walk like 10 to 15km almost without major complications.

the quality of our academic specialists... haha
now I understand why some people once heard that the specialist is from Malaysia, they just tune off...

self declare first... i know this is a thread about epf and mod may delete my posts...

Nonetheless, reading the discussion about tertiary education, it does seem like many here don't think too highly of such education. Is it because of the quality of employees we interact with here in Malaysia, or something else? Or we think pretty much all uni are the same low quality?

Then again, 1 million ringgit minimum for top notch education is a rather large sum, and one does wonder if this fund, especially if invested properly, can be better put to use for the kid's life.

all these talk... will it bring actual changes? 250 million is a rounding error of 0 billion.

those who feel have enough stashed in EPF, maybe should still consider moving some out overseas... at least the 2023 dividend part.

u managed to catch the recent uptick of the SG banks?

don't want this thread to be locked again, or me getting flagged.

but we all know any changes must be structural and proper... not 250 million type of hot to semi-cold funds.

agree... that's why my original statement is about diversifying away from EPF... at least the 2023 dividend...

Why are insurance discussion persisting in EPF thread?
there is a very robust insurance thread already existing...

don't forget the free put option/2.5% minimum return provided technically free by Federal Gov of Malaysia.

this is the feature that basically make EPF a superior to almost any fund one can find in Malaysia, in terms of risk reward.

ah... but if you believe in the "out of the world thinking" that smaller funds are easier to manage and can get better returns, this would be a good thing for EPF div rates moving forward.... no?

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…

some will claim it is just semantics...

same formula... it is a good... to some, die die also must have right? haha.

That’s the thing… I prefer to see concrete examples of the medical cost inflation, so as to gauge if what quoted by media is realistic. The 10 to 20% pa rate is something that is being thrown around by media, but is it truly representative/accurate?

Early this year a ex-colleague went through a stent procedure at a private hospital in Subang. His bill came out to be around 30K rm.
Allow me to ponder. Anyone knows how much it would have costs in 2000s? Working backwards, if inflation was 15% pa, then in 2004, a stent procedure would have only costs 2K rm. (11K if 5%, 4.5K if 10%, 0.8K if 20%)

So is the medical inflation story overblown? Or a stent procedure is really that cheap back in 2004 at 2Krm, which for sure is not as my old laptop also costs me way more than that. Or 11K rm is closer?

what you mentioned here are known issues that are relevant to almost all goods and services... nothing special about them. (phone, computer, car, wine, haircut, etc)

that's why I specify a particular life saving medical service... stent procedure...

maybe our resident /k doc hksgmy can share if he remembers how much a similar stent procedure back in 2004 thereabout costs. Or any medical procedure that he is well verse.

Another example: i remember back in 2004, seeing a GP when down with flu/fever costs around 30 rm... now costs 90 rm. That is 5.6% inflation rate.

It is you who failed to understand the proper definition of inflation on goods and services (go look up the actual definition, not the layman understanding).

Nonetheless, it doesn't matter. MOD already gave reminder, so won't comment further.

Just great to know that EPF do factor in the aim to beat official inflation by 2%.

ok, back to EPF dividend... it has been almost 1 month already... anyone took out their funds from EPF and moved elsewhere, or still continue to top up extra into EPF?
I took out the past few year's dividend already...

epf will remain as one of the best way to store ringgit cash... nonetheless, with more data points post Nov 2022, its time for me to deploy my cash elsewhere.

I am also helping, in general sense, not to make EPF too big to manage, since the new spin is smaller funds is easier to manage.

doesn't matter which method... it is too late for this month. today is a non-biz day also.

The 2.5% min yield is the bare min and guaranteed by gov of Malaysia.

The 2% above some average inflation rate is a investment objective of EPF. This is not guaranteed but is a aim.

This post has been edited by Wedchar2912: Apr 1 2024, 12:32 PM