i'm no finance expert..but both has it's own advantages and disadvantages

take from epf:
- you have more cash to move around in the near future (the time where u r not yet 55), so u might be able to do investment/buy another property that is higher than epf dividend
-very good for those who dun have cash to buy their first house (higher and higher house cost, majority situation reach to capital growth if buy house rather than keep in epf)

remain money from epf:
-higher dividend that fixed deposit and other investment if u don't really know how to invest
-but u can only get after age 55
-u dunno what will happen with our goverment and country (example: greece)

This post has been edited by cempedaklife: Feb 23 2013, 02:36 PM

i think u r confused with the term "2nd account" of EPF.

when u open an EPF account, you are automatically assigned account 1 and account 2, and your monthly contribution is divided into both account based on some ratio.

there's no need to explicitly open a 2nd account

i strongly agree with the article, and that's what i planned to do, even before i read this article

That's one of the reason you need to nominate for epf.

any thread here on discussion of funds that kwsp allow to invest in and its performances?

I dont understand this part. There is such fee?

Yes. Thank you. Appreciate it.

At first, i thought what a wild thought indeed. But think deeper, it can be down.

Declare divvy for 2020, but forced to take out. It can be as simple as that. Since they allow ppl to take money out from epf for this period (cant remember dunno called what), should be doable.

Good for economy. Granted, some may still save it up but at least a large portion will use or need it.

more contribution + compounded interest, of course la need bigger amount to maintain the same % dividend +

I bought principal global titans fund via ifast/fsm. 0%

Edit: oh you refer to management fee %. Sorry. As said by above forummer, performance is more important than mgmt feee

This post has been edited by cempedaklife: Sep 5 2021, 08:03 AM

well.

the point is moot.
whoever that invest epf money to UT via MIS has only one intention, to use epf money to earn more than epf dividend.
you might as well quote cryptocurrency, tesla stock (direct stock) or whatever that could have returned you many times over. the fact is, you cant use epf money to buy those, at least for now.

i applaud you for taking action to feedback your opinion in the census. but i don't think anyone here can help you if that's the point you want to deliver

i dunno about others, but my take on MIS is slightly different and comparatively shorter term. I don't look at getting invested long term into a fund. not even a year.
I'm happy to earn 2-3% (the more the better) in a few months time. my train of thoughts is:
1. i can earn that rate, and dump back to epf to earn back the regular quite high epf dividend. i would have make MORE than epf dividend with the money invested.
2. i want to make use of the 0% sales fee provided by MIS, which they charge if you buy normally for the same UT.
3. i wanted to try out how the process works.
4. it allows me get involved in UT, without my using my "limited" available money, which i could put into higher (hopefully) yield investment.

all in all, it works for me, with the above points.
i totally agree with your bolded statement. i have first hand experience.
I asked my friend about what he invested in via MIS, he told me. i then study. and decided to go in last year. i earned 20% in 3-4 months or so (its a small total coz i was just trying out stuff). i sold it off once the post mco recovery rate began to stagnate. i know for a fact that he has stayed invested in the same fund for 4-5 years. and by the time i earn 20%, he has just earned enuf to cover back the epf divvy for all the previous year only. I have asked him to just sell it off since last year. he stayed on. and i still monitor the NAV for the same fund since. the NAV still fluctuating 1% or 2% around the price i sold a year ago.

and with the same thinking, i went to into china fund last month.

This post has been edited by cempedaklife: Sep 5 2021, 03:40 PM

good luck

while i still don't bother to consider i have fund in epf, its still nice to see it growing.
like you, i also look at it from time to time, and project what is the end figure at the end of year. something i do since mco.

while not /k standard, i projected its quite a substantial figure after 15 years, which is still several years from retirement age. having that give a peace of mind, i just have to work on my part (on top of epf) for the other half of retirement.

that's excluding's my wife's too.

if you are confident with the stock, just buy more when the price is down.

that is my guess too lol

as far as i remember seeing, the list of funds is reviewed (annually?) and those without good return history would be removed.
it's a safety mechanism to protect the members.

Few days ago I check the kwsp mobile app. Looks like you can do it from there now. Less risk key in account no. I guess.

This is your family problem.

they will tell you they win a lot of awards. lol

exactly same with me.


and i remember previous round(s) of maintenance i kena the same, and i thought maybe the error message was wrong, it should say under maintenance instead of account not active. been like this close to a week or so, and then i see ppl here login in left and right

This post has been edited by cempedaklife: Feb 20 2024, 10:51 AM