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 EPF DIVIDEND, EPF

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ChessRook
post Jun 1 2018, 07:01 PM

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Wow! I hope epf can maintain this. The equity downturn starts after Mar.
ChessRook
post Jul 2 2018, 04:11 PM

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QUOTE(Hansel @ Jun 20 2018, 04:13 PM)
smile.gif

Hehe,...

I think even if the EPF is not forced to invest locally, they will still not be able to invest profitable outside,... it's not easy,... I think there are lots of landmines out there. For a sovereign wealth fund to invest out there, they can't do like us. Even I myself also,... when I first invested into the capital and debt assets in Singapore, Australia and Canada, I had to read lots and lots, and tried out here and there, and looked for the most cost-effective platforms, etc,...

I really don't think there are many people out there who would do what I have done.

The easiest way to make money from outside is by forex gains - because our Ringgit is weak. If your native currency is the SGD, then susah,.. every minute, your native currency's strength will outgun your investment returns from another country...

Another eg : If you invested into a REIT denominated in the SGD but has assets in a different ctry, there will be currency risk because your dividend might be lower after the distributable income from the assets is converted into the SGD to pay you the dividend.

In short : it is really not easy to invest outside. Well, of course, the EPF can always pay a consultant to do this for them, but the consultant's price will not be cheap. And how about the trust level ?

Jho Low was an international investment consultant for the famous 1MXX.
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Isn't investing in forex risky? I remember one incident with BNM a very long time ago they were burned when the forex didn't go as they expected. I even remember warning by the US to BNM the dangers of speculation.

https://dinmerican.wordpress.com/2012/06/03...ne-32012revi-2/

Yes investing overseas is difficult. Investing in overseas opens up further risks; exchange rate risks, political risks etc. But EPF should do it not only for the reason of diversification. And also with the fund this size investing only in Malaysia is just limiting. Many sovereign funds have demonstrated their success; just ask our friendly neighbour.


ChessRook
post Feb 8 2019, 02:20 PM

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QUOTE(MUM @ Feb 8 2019, 01:09 PM)
Berapa dividen boleh diharapkan dari KWSP untuk 2018?

https://www.msn.com/en-my/news/national/ber...ocid=spartanntp
"......ketua bahagian penyelidikan di Inter Pacific Securities Sdn Bhd menjangkakan bayaran dividen KWSP pada 2018 kurang daripada 5%......"

cry.gif
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all speculations, it is a good guess as anyone
ChessRook
post Feb 14 2019, 11:44 AM

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QUOTE(jorgsacul @ Feb 14 2019, 11:39 AM)
Dah lah 5% jer
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Not sure yet. Just a few more days we will all know.
ChessRook
post Feb 16 2019, 01:03 PM

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QUOTE(xcxa23 @ Feb 16 2019, 01:02 PM)
6.15%..
Surprisingly high.. was thinking at most 5.9
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rclxms.gif rclxms.gif rclxms.gif

Most didn't guess correctly! Even the experts : tongue.gif
ChessRook
post Feb 16 2019, 06:56 PM

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QUOTE(romuluz777 @ Feb 16 2019, 05:38 PM)
Does the EPF nomination take precedence over the latest will ?
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Yes.
deleted my previous posting due to misreading

This post has been edited by ChessRook: Feb 16 2019, 09:14 PM
ChessRook
post Feb 18 2019, 05:50 PM

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QUOTE(Atsumori @ Feb 18 2019, 05:19 PM)
i calculated, i got around 5.48% only
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How did you calculate? It is not a simple calculation - see the previous post on how they calculate.
ChessRook
post Feb 20 2019, 12:30 AM

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this has become kopitiam thread? Lots of boasting

This post has been edited by ChessRook: Feb 20 2019, 12:30 AM
ChessRook
post Feb 20 2019, 02:46 PM

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Another thing is that EPF has some very favourable assets, for example, 50% of PLUS. You know how favourable / subsidised the highway concession is. Another thing, government of the day may give out other favourable assets like land etc depending on their prerogative.

So that might also affect the EPF payout.

EPF may not pay out all its earnings also due to the requirements to have a min 2.5% payout. Thus, I never consider EPF the same as UT.
ChessRook
post Feb 21 2019, 12:51 PM

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I also don't have a problem with EPF holding as a reserve.

The reserves include things like unrealised foreign currency and hedging movements. These are artifacts from the accounting measurements (need to comply with the accrual basis).

This post has been edited by ChessRook: Feb 21 2019, 01:31 PM
ChessRook
post Feb 21 2019, 12:58 PM

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The EPF financial statements are here

http://www.kwsp.gov.my/portal/en/about-epf/annual-report

ChessRook
post Feb 21 2019, 01:30 PM

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QUOTE(prophetjul @ Feb 21 2019, 01:21 PM)
Just wondering what's the guidance for reserves?

Surely they must have a guidance to maintain such an amount?
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Have a looked at note 25 of the 2017 financial statement.
The reserves are not what layman think as reserves. The reserves are accounting attribution and revaluation due to unrealised gains/losses from the assets they hold. These reserves are there so that the users are able to see the gains / losses for the current year (even when the assets are not sold yet).


My previous posting about the reserves are wrong and i will amend that.

user posted image

This post has been edited by ChessRook: Feb 21 2019, 01:31 PM
ChessRook
post Feb 21 2019, 01:37 PM

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QUOTE(prophetjul @ Feb 21 2019, 01:24 PM)
That's what been thrown about.

No one has actually given the facts and figures whether this is TRUE
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The 2017 or previous years financial statements are there. Can go look at the income statements and check the amount of income earned vs distribution.

Just a thing is to look at realised profit/loss vs unrealised profit/loss.

This post has been edited by ChessRook: Feb 21 2019, 01:43 PM
ChessRook
post Feb 21 2019, 01:39 PM

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QUOTE(prophetjul @ Feb 21 2019, 01:24 PM)
That's what been thrown about.

No one has actually given the facts and figures whether this is TRUE
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I give a benefit of the doubt to KWSP. If there were some hanky panky in the previous years before 2018, the current government would have made lots of noise. The logic also applies now. If there were hanky panky now, I am very sure the opposition would love to use this against the current government.
ChessRook
post Feb 21 2019, 07:11 PM

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QUOTE(prophetjul @ Feb 21 2019, 01:51 PM)
Thanks!

This is helpful.  Looks like the reserves are not be cashed out yet. Hedging contracts, etc?
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Yes. Asset revaluatuion reserve, unrealised revaluation of hedging contracts and foreign currency movements etc.

This post has been edited by ChessRook: Feb 21 2019, 07:12 PM
ChessRook
post Mar 21 2019, 01:52 PM

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QUOTE(Artus @ Mar 21 2019, 03:03 AM)
They have a headache about how to invest so much cash and at the same time they are worried about less contributors in the future. I don't know about you guys but it looks tom me like one problem solves the other problem.
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hmm.gif There are two issues here.

1) The less contributors might be more of a long term issue (> 10 years or even 20 year problem). It is a different economy now with more and more digital economy taking over some of more traditional jobs (e.g. manufacturing and brick & mortar retail). We also have the problem of changing demographics with more and more older people.

I don't believe the traditional economy jobs will disappear altogether neither will there be negative birth growth until 0 population. Since the digital economy is very new, there will be initial fantastic growth but to what size, no body knows.

So in the very long run EPF size will definitely get smaller but no one will know how small it will get.

2) the current problem EPF has now is its size and there are certain requirements that it has to invest most of its assets in Malaysia. Due to its huge size, EPF is running out of good financial assets in Malaysia to maintain that 6% return.
ChessRook
post Sep 11 2019, 03:32 PM

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QUOTE(-CoupeFanatic- @ Sep 11 2019, 10:56 AM)
Can the Malaysian government just print money to pay off EPF holders in the event the fund does not perform as expected?

I mean it's not suppose to do this right? But it seems to me that nothing is stopping this from happening though.
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Ofc the government can print money though inflation can be a problem but EPF only need to pay min 2.5% dividend. And EPF has some good assets like plus and government bonds. Government can always give epf assets like land.

So i am not that worried about epf.


ChessRook
post Feb 14 2020, 10:43 AM

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QUOTE(Singh_Kalan @ Feb 13 2020, 11:09 PM)
EPF is a gov sanctioned Ponzi scheme.  It can pay dividend higher than its income.  No problem paying 6%
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Why only 6%? Most ponzi schemes are more than 30%. I expect EPF to pay 30%!
ChessRook
post Apr 20 2021, 03:46 PM

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This is great for when i am in retirement. Where can i find a financial asset that gives min 2.5% with capital protection. At that retirement age, i don’t want to risk a market crash of for example, 50% and wait 2-3 years to get back my money (or in the case of japan stock market still haven’t recovered till now). This is okay when i am young but not when i am in retirement.
ChessRook
post Apr 20 2021, 05:23 PM

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QUOTE(!@#$%^ @ Apr 20 2021, 05:03 PM)
fd better if min 2.5% is the aim
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What is fd at that time is lower than 2.5%?

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