55yo can withdraw all before that also can, for house, UT among others

I think children will press the and

I think asb & asb2 have better track record (return) compare to epf but like you said not syariah compliant. But if I am not mistaken, they are already ~70% syariah compliant.

For cash rich retirees, of cause, keeping a portion at oversea, or buying non RM assets, are always options.

For average retirees, the flexibility is limited.

I started moving money to oversea at the rate of SGD1.96 and USD2.6. But, I stopped, at last transaction, around USD3.1, 2+ years ago.

I'm not sure, at USD4.4, is a right time to move or not. I'm not good in forex.

Frankly, I noticed that the SGD is also at an all-time high now ! The RM has been defeated left, right and centre.

But those Ppl sitting in Putra**** didn't notice 

What? Majority of the investments made by EPF is OUTSIDE of the country. If they had invested in KLSE then there is nothing left for local investors. Don't equate to people in EPF to your own intelligence.

Hehe,... I'm wondering too,... let him reply,... perhaps he has a different yardstick in his measurement,...

I also did not know the figure, but I was hypothesizing that there was NO WAY that the EPF could have made a big percentage from their funds investing outside ! The EPF would need to be very careful,... even PNB has not moved out to overseas mkts....

Just a personal experience here. I was chatting with a senior EPF Officer two years ago. I just asked,... how is the dividend performance going to be this year, with the mkt so weak. He told me : Tak apa. Kita akan untung forex !!

This signals to me that the EPF has no intention to hold-on to their assets for long. Their intention is to buy and sell and make from forex,... err,.. well, if the board is okay with this, I have no comments,...

I observed when Temasek of Singapore bought overseas assets, they will put in their fullest effort onto those assets and manage those assets,... but okay,.. even Temasek lost money, I will go with that,.. but net'net,.. Temasek made more than lost !

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.

Usually 2 months after the financial period end they have to declare their financial report (and together with the dividend rate).
So financial year end of 31 December will mean they should report their financial report within this month.

Calculating backwards,

His average salary is around RM 7,XXX.XX or more.

my assumption:

1) He start work at the age of 23 y/o and never stop

2) His KWSP contribution is stardard rate that is 11% self, 13% boss

So, you see, at 31 y/o he has reached middle management, after 8 years of working which is not unusual.

But I can say to make the jump from Middle management to Top management, that is a even bigger hurdle.

Xuzen

p/s Happy Chap Goh Meh!

Large scale Ponzi scheme leh if pay dividend from the savings.

Disagreed. I think its acceptable. Think about in bigger picture where if the return in big fluctuation, most of general public cannot take it. All in all, their key objective is ensuring most general public have saving in their retirement days. Remembered not many are wise in managing their money unlike minority like u.

Btw, one is paying a lots more fee if invested in UT. While in stock, individual minority holder can't decide dividend pay-out ratio too.

here this just now at the coffeeshop...next table people arguing....
EPF dividend announce on Feb 22 and a/c reflected on 22 Feb 2020 also. (assuming a/c balance after 22 Feb 2020 is RM100 000.)
assuming there is no NEW fund added into the a/c for the whole 2020 year...For Next year dividend will this RM100 000 get full dividend? or the dividend received on 22 Feb 2020 will be pro rated?

the assets belonging to the EPF millionaires only make up 12% of total assets.
so dropping 1% dividend return of these millionaires will only increase the return of the rest by 0.1% thereaabout. So will 0.3% return for the rest of members be a life changing enough? (i assume take 3% absolute return from these EPF millionaires to redistribute to the rest).

the original politician who suggested this basically not telling the truth. And it will not work.
(same thing as taking from the 20% of the population to help the 70% will not work. Thats why inverse pyramid scheme does not last)

End value can be mathematically computed

Current kwsp basic saving sum target is 240k....
In another 35 years it may also had risen

they are promoting more babies to increase the population of certain race, quality of life doesn't matter.

Forget all the doom and gloom aside for now.

Let's talk about what's the best way to "use" your EPF when you really retire, let say at 60, and you manage to have RM2million in your EPF, how will you manage that 2million?

Yeah. Not much impact to me since I don't self contribute a lot to my EPF account previously, but I do know of people pumping in their savings, then now complaining "should have guess that goalpost will be shifted", and also people recommending withdrawal at any opportunity laughing the other camp, see told ya etc etc.

ya lah at 60 lagi ingat mahu earn more money???