If only EPF still able to payout your money.

Right now the biggest worry is other sinking entities in goven might be looking towards EPF for borrowing. If borrow with payback then EPF dividen will continue to go up. But if borrow and finally go bust then EPF will get bad debt.

This post has been edited by puchongite: Apr 25 2015, 10:47 AM

The law of averages works well under normal circumstances but it does not handle bad or severe circumstances.

It is everyone's guesses now if we are in critical situation now.

The point is less to do with every Tun step down or what.

The point is about the magnitude of the money. The magnitude of the money involved is by far the biggest in Malaysian history.

Even if it's not as bad as causing EPF not able to payout when you wanted the withdrawal, it might bring down EPF to a state that you can't enjoy the same amount of dividend which one used to getting.

This post has been edited by puchongite: Apr 27 2015, 09:56 AM

We can blow the balloon bigger and bigger. Sure !

I did not say it has nothing to do with our country's leader. I am saying that if we have bad leaders, every bad leader will blow the balloon bigger. And this time it seems bigger than ever.

This post has been edited by puchongite: Apr 27 2015, 03:21 PM

Not EPF's problem per se. It's because the people has no confidence with the goven's capability to manage the fund.

We have to see which is the cause which is the effect. Nobody wants to increase the age is the effect, not the cause.

The poll has a few options. If not mistaken one of the option is to make the age 55 or 60 optional, ie people can decide for themselves, which age to withdraw.

But all the options were rejected flat.

For me, that's the clear indication that lack of confidence is the main reason.

Sigh. There is one unwritten reason why people want to withdraw money out from EPF.

EPF's real performance = EPF dividend - Inflation

If inflation is 6%, then EPF's real performance = 6.75 - 6 = 0.75.

Why took out all your money out from EPF ? Care to share with us ?

From what I understand that REIT is a pretty conservative investment right ?

If a conservative investment could still give 8% yield, it really means our EPF is not giving as good yield as what most people think.

Perhaps your gain was partly derived from our currency slips below sing currency more and more ?

Not sure if you get want I mean. What I meant was that you are looking at your gain from Ringgit point of view right ?

Say whatever reit yield in sg might be x %, but after x% conversion back to ringgit, you will get a higher yield.

So sad.

KWAP has RM 1.4 b while EPF has RM 1.7 b.

Sell it off ? To who ? To Ah jib kor's son-in-law ?

It's a vicious cycle. EPF put 44% of its fund in foreign equity. All the local fund investors also move the fund out of Malaysia. Foreign investors also withdraw the fund from of Malaysia. 1MDB moves the money out of malaysia. Ringgit depreciates more and more.

And then when the numbers on the book are converted back to ringgit, they will appear to have gained a lot. Up 20%.

The 20% is calculated from the leftover sum? Meaning the figure gets smaller and smaller, and it's impossible to empty the money ?

Beginning take 20% out. Ac left with 80%.

After 3 months, take another 20% out, ac left with .8 x .8

After another 3 months, take 20% out, ac left with .8 x .8 x .8

Without considering monthly top up, the ac will never be emptied. Is that right ?