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EPF DIVIDEND, EPF
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dwRK
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 Sep 19 2019, 08:13 PM
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QUOTE(netken @ Sep 19 2019, 07:27 PM) hi - i am abt to purchase a house and planning to withdraw from acc 2. Since december is almost here, can i sign the loan and spa first and withdraw next year? ie after 31st Dec 2019? Say 2nd Jan 2019? I think epf allow 3 years max grace period to withdraw? Shall i be entitled for my entire amt in Act2 for dividend then? If i withdraw 2nd Jan but before the actual payout in April 2020, or shld i wait to withdraw after April 2020 when payout happens? Many Thanks! Bank loan 4-5%, EPF dividend 5-6%... do max out the loan and minimize epf withdrawal... |
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dwRK
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Sep 20 2019, 10:50 AM
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QUOTE(aspartame @ Sep 20 2019, 09:26 AM) Sorry but I cannot understand your logic here...how is it that your money in EPF is paying a tax? Your 24% tax paid is on your income right? epf+insurance....max 6k relief, so assuming insurance takes full relief, then epf money takes the full 24% tax hit |
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dwRK
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Feb 22 2020, 04:16 PM
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QUOTE(MNet @ Feb 22 2020, 04:03 PM) I'm on shariah plan, why its lower ? different funds |
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dwRK
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Nov 10 2021, 06:02 PM
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QUOTE(prophetjul @ Nov 10 2021, 04:37 PM) This means that they do not pay out all income as dividend. In this case, who decides the pay out? And what criterias are used to determine the number? board of directors slightly more than banks fd to keep you happy... |
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dwRK
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Nov 10 2021, 08:24 PM
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QUOTE(prophetjul @ Nov 10 2021, 07:44 PM) Thats not good. If FD is the benchmark, they should resign since it is a retirement Fund. https://www.kwsp.gov.my/about-epf/corporate...re#boardMembersforced savings ponzi so you have some money when you retire... they didn't say for you to get rich... compounded slightly better than bank rates ok lah... hahaha |
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dwRK
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Nov 11 2021, 10:13 AM
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QUOTE(prophetjul @ Nov 11 2021, 08:50 AM) No one is intending to get rich from EPF. It is a retirement FUND. If FD is the bench mark, EPF might as well just invest in national bonds and stay away from all other forms of investment. Surprising that you are ok with someone taking on much more risks and accepting FD as a benchmark.  FUND... doesn't mean it's gonna do well... I bought a lot of public mutual funds that ended up worse than epf... lol we are forced to join this gov ponzi... I don't like it but nothing much I can do about it... sometimes they buy shit but overall they perform OK lah considering it's size and limitations... when you are small, you can buy gems that give good returns... when you too big and bought up almost everything... it gets hard to show similar results... like Berkshire sitting on so much cash because they can't buy anything cheap n good... EPF got different mandates compared to say AARK... as a guaranteed retirement savings fund... obviously the best comparison is FD lor |
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dwRK
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Nov 11 2021, 12:28 PM
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QUOTE(prophetjul @ Nov 11 2021, 11:33 AM) Do you compare mutual funds with FD? Berkshire has returned 241% in the last 10 years. Maybe not as good as early years. But stilll.......compare with EPF? some of our mutual funds worse than FD ah... USA keeps printing money supports the rich corporations mah... while we print money songlap directly by politicians... how to compare? lol anyways... |
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dwRK
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Nov 11 2021, 02:46 PM
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QUOTE(prophetjul @ Nov 11 2021, 01:51 PM) You still have not answered my question. You compare mutual funds with FD? there are mutual funds called.... regular savings funds... you must be new never heard of this....  try to be smart with me ah... hahaha  |
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dwRK
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Nov 11 2021, 03:45 PM
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QUOTE(prophetjul @ Nov 11 2021, 02:51 PM) I don't buy mutual funds. But as i know, most funds are equity funds. They are the odd bond funds which can be used to compare with FD. So....i was referring to the majority of mutual funds which tend to be equity based. fair enough... and you probably hear mostly about the handful that is performing well...and thus set your expectations what EPF should be doing I can tell you for sure a lot of funds sucks and losing money... these you don't hear as nobody wanna talk about them... majority is in equity because it's easy to sell the dream as ppl wanna get rich quick... in reality, the agent and company get most of your money, actual returns are worse than FD |
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dwRK
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Nov 11 2021, 06:17 PM
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QUOTE(prophetjul @ Nov 11 2021, 03:53 PM) Nope....i never buy mutual funds because i know most of them suck. Many years ago i compared their returns with EPF. Hardly a handful beat RPF at that time. So i did not bother. Not to mention their high costs too! My expectations of EPF is that they reward members with what has been earned. NOT TO HOLD BACK ON THE INCOME and give as if they owned the money! So... Berkshire sitting on piles of cash obviously could have given out a lot more as dividend... so you ok with that but not ok with EPF ? |
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dwRK
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Nov 11 2021, 07:38 PM
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QUOTE(koja6049 @ Nov 11 2021, 06:38 PM) uhm... berkshire is a private company, while epf is a govt statutory body, not even a comparison can be made. now, imagine berkshire becomes a statutory body and force you to put money into it whether you like it or not, what would you say to them?  no. both are run like businesses... while the business mandates are different, the concept of having "back up cash" is the same... the issue of how much to retain vs distribute is an age old question the source of funds, private company or statutory body are irrelevant for now... |
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dwRK
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Nov 11 2021, 08:43 PM
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QUOTE(koja6049 @ Nov 11 2021, 07:58 PM) you're wrong then, epf is not run like a business, never was  lmao... oh boy you got lots to learn... |
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dwRK
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Nov 11 2021, 09:56 PM
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QUOTE(prophetjul @ Nov 11 2021, 09:36 PM) You are probably not familiar with B Hathaway. They do not distribute dividends. It just increases their NAV and therefore share price. actually I'm quite familiar but I forgot about this aspect... I'm sure I can find another example but no point lah... cheers |
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dwRK
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Dec 1 2021, 11:41 AM
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we are tongkat nation mah
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dwRK
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Dec 1 2021, 04:46 PM
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QUOTE(Wedchar2912 @ Dec 1 2021, 12:50 PM) the assets close to RM1tril is basically the reserves that EPF never pass to members, with the reasoning that EPF has not realized yet the gains and smooth out the dividend yield/saving for a rainy day. IMO, it is basically robbing peter to pay paul scenario. One doesn't live forever and once one takes out everything, the excess reserve belongs to someone else. for gov bail out lor... |
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dwRK
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Jan 21 2022, 02:32 PM
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epf is a mandatory ponzi... if given a choice, successful people don't even want to put money in epf for the measly dividends
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dwRK
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Jan 21 2022, 05:14 PM
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QUOTE(yklooi @ Jan 21 2022, 02:37 PM) And yet there are postings of individuals doing self contributions.... Thy are not successful? you have to ask them lor... given 2 saving funds with good long track record.. one gives you 6%... the other 10%... which one you choose? if you are young and have ability to generate 20-30% pa and more. .. why would you wanna get stuck in epf for 6%? for these self contributors... they are probably comparing with banks... so obviously epf is more attractive |
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dwRK
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Jan 21 2022, 07:08 PM
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QUOTE(cempedaklife @ Jan 21 2022, 06:40 PM) good luck  i retired at 50 few years ago already |
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dwRK
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Jan 21 2022, 07:34 PM
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QUOTE(MGM @ Jan 21 2022, 06:22 PM) Which saving fund gives 10%? i diy liao... 12% up this month  redeemed all my mutual funds before covid crash... left epf funds untouched... let it "pay" for my housing loan... |
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dwRK
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Jan 21 2022, 09:01 PM
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QUOTE(MGM @ Jan 21 2022, 08:40 PM) What is the name of the savings fund? bro... the 6 vs 10% is a rhetoric to make a point... |
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