5

Golden

Go shariah go. Yeah

How can I take out the savings and put it into Ireland domiciled ETF?

The annualize gross return of Msci acwi vs msci acwi Islamic since may 31, 2007 is 6.28% vs 6.08% respectively. Shariah index return is close enough to conventional return here.

While the annualize gross return of Msci World vs msci world Islamic since may 31, 2002 is 8.25% vs 8.00%. again shariah index return is closed enough to conventional return here.

And the annualize gross return of Msci emerging market vs msci emerging market Islamic since may 31, 2002 is 7.8% vs 7.6%. Again shariah index return is very closed enough to conventional return here.

So the difference between between shariah vs conventional is expected to be very little like what announced by epf today. This should be normal based on what reported by msci above.

It is the huge difference reported between shariah and conventional on previous years is the abnormal one, not what reported today.

This post has been edited by sp3d2: Mar 3 2024, 07:45 PM


Attached File(s)
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 msci_acwi_islamic_index__9_.pdf ( 152.31k ) Number of downloads: 1

U can open on my behalf if you want. Just use the data, I'm not going to fight with ktards with their thick skull head that refuse to listen to the fact and only want to speculate all the time.

https://www.dosm.gov.my/cpi_calc/

From jan1980 to dec2023 ( 43 years), the cumulative inflation is 326%.

So 3.26^(1/43) =1.0279.

Therefore you can put in the savings or pension calculator that average yearly inflation is 2.79% in Malaysia fo the last 43 years.

12k Better than nothing

The 66% purification fees is required only for those Muslim that sticks with conventional account.

Those already in shariah account no need to do the dividend purification.

Just purified for the amount of 66% of the dividend received.

why u want to purified the your salary? sorry I don't really understand.

The 66% purification for Muslims on conventional account is voluntary. If one choose to purify, he can do it. If he choose not to, it's up to him.

EPF doesn't take back the money.

The money should be given to the poor people or to any charity organizations or state religious authority to be given to the poor.

Since account 3 is liquid, kwsp won't be able to invest much in those illiquid investment.

And illiquid investment is normally the one giving higher return.

So as account 3 is created for liquidity to those who wants to take it out, kwsp probably need to invest in liquid investment such as money market or short bond, and those liquid investment typically Will give very low or decent return hence overall impacting the expected dividend return.

This post has been edited by sp3d2: Apr 16 2024, 08:52 PM

I will definitely take That 10% to ETF if equity market dip in near future.

Therefore I will choose to transfer to account 3 on 12 May 2024.

This post has been edited by sp3d2: Apr 25 2024, 06:12 PM

equity is better for long term.

obviously better return lah in equity. but if shit happens in equity when u near your retirment or during your retirement, then i can say good luck.

thats why we got bond for those nearing retirement.

Many people will choose to transfer to account 3 and iphone sales will increase in next few weeks. 😜

i agree with you.

i did detailed calculation before. yes, my calculation is MYR 2.5 million is minimum required when one want to spend around 10K per month for a decent living if want to retire at 55 and kids still studying.

its a harsh reality that 1 or 2 million nowadays is nothing to be considered financially independent.

RM 2.5 million is really the minimum...

This post has been edited by sp3d2: May 15 2024, 01:17 PM

1 million at 55 for you and your wife is enough provided u need to have your oldest kid with their age at 23 years old when u retired (typical age of graduation is 23), or u need to make sure your Last kid was born when u are 33 years old. So that 1 million is for you and wife, assuming kids can survive by themselves already

many people will still have kids later than when they are 33 years old so I will say 1 million is meh for retirement.

This post has been edited by sp3d2: May 15 2024, 02:18 PM