nexona88,

You do know that THE GOVERNMENT's debt is about the same size as EPF. And, THE GOVERNMENT's debt is increasing faster than EPF every year. So, it is just a question of WHEN.

"Don't worry, be happy!!!"

There will be people that cash out FD to put extra into EPF to keep this ship afloat a bit longer.

Dreamer

This post has been edited by dreamer101: Feb 8 2015, 11:16 PM

prophetjul,

<<The way your are writing is as if the country has NO other source of income.>>

1) DEBT is increasing because EXPENSE is greater than INCOME... Since THE GOVERNMENT's debt is growing, we can agree that the EXPENSE is greater than INCOME every year

<<The more important is the cash flow to manage these debts. >>

2) So, the QUESTION is the CASH FLOW into EPF big enough cover THE DEBT increase??

A) Is the EPF contribution rate increasing??

B) Is the EPF withdrawal age changing??

EPF is the accumulated savings of many years of many Malaysians. It is THE LARGEST POOL of money in Malaysia. But, it is at the same size as THE GOVERNMENT's debt. And, THE DEBT is still increasing at 40 to 50 billions per year.

So, it is OBVIOUS that THE GOVERNMENT need to borrow from THE FOREIGNER to cover THE DEBT pretty soon. If it had not happened yet.

Dreamer

prophetjul,

1) EPF is the LARGEST POOL of money in Malaysia. If EPF cannot cover the increase, there are NOT ENOUGH local debt holder to cover the debt increase.

2) In summary, THE GOVERNMENT is borrowing from the FOREIGNER now.

http://www.themalaysianinsider.com/malaysi...nomic-dashboard

<< That would be the fourth red light blinking on the dashboard of an economy running on debt on all fronts: government, households and the capital account.

The possibility has unnerved foreign investors who have US$45 billion (RM160 billion) parked in the country's bonds and have lent a total of US$208 billion (RM741 billion) to the high-yielding Southeast Asian country.>>

- See more at: http://www.themalaysianinsider.com/malaysi...x.P6LtLpxj.dpuf


3) By the way, you are the person that posted this fact on the other thread.

https://forum.lowyat.net/topic/3374996/+420

Dreamer

prophetjul,

There are 2 kind of problems here.

1) RM denominated bond

2) Foreign currency denominated bond.

THE GOVERNMENT can print more RM to cover (1) but not (2).

<<My present concern is debt rating. We may be headed for higher cost debt if Fitch gets itchy.........>>

I do not think that is avoidable. It is just a question of when. Oil price is lower at 2015. Hence, that will impact THE GOVERNMENT's revenue and ability to bail out.

Dreamer

This post has been edited by dreamer101: Feb 10 2015, 09:05 AM

Folks,

Let's have a balanced view and ask ourselves a basic question.

So, with this change, EPF contributors are separated into 2 groups of account: Islamic compliant and non-Islamic complaint. The problem with that is what to do with the dividend yields of both accounts?? What is fair?? What happened if they are different??

Dreamer

Folks,

Duplicate post.

Dreamer

This post has been edited by dreamer101: Oct 21 2015, 11:16 PM

danmooncake,

1) Are you the same person that put 60K per year into EPF??

2) Are you 55 years old yet??

3) Are you the same person that bought a property in Iskandar project??

If you say yes to (1) to (3), please tell us how are (1) to (3) consistent with your statement that.

A) I'm not investing in any of Jibby's cronies project.

and

B) I make sure I can pull out if I wanted to..

Dreamer

danmooncake,

1) I am assuming that you can claim that you are abandoning Malaysia Citizenship. Then, you can pull out your EPF money

2) You are assuming that RM will not drop to a level that will wipe out your 6% dividend per year.

Dreamer

Hansel,

Come on.. He is doing a favor for many of us. He is keeping the leaking ship floating with his money while more of my family members cashing out EPF and moving their money out of Malaysia.

Dreamer

cybpsych,

Which means the dividend yield rate between those 2 funds can be different.

Dreamer