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 EPF DIVIDEND, EPF

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vincentwmh
post Oct 21 2015, 10:43 AM

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shit, epf/gov just forcing us to agree to our money to be invested to I product, benefitting/diverting fund to support I business/product....

intention is so so so obvious... take our money to fund them

This post has been edited by vincentwmh: Oct 21 2015, 11:01 AM
vincentwmh
post Oct 21 2015, 10:49 AM

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QUOTE(prophetjul @ Oct 21 2015, 08:37 AM)
It's all about Syariah.  If you choose not to be under this scheme, then you do not partake in the performance of the Fund. Then their obligation is only 2.5% as far as they are concerned.

Meaning everyone irrespective of race and religion is FORCED to accept Islamic principles. 

This is Malaysian fair and equitable principles.
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just robbing our money to fund I business/product. this is DAY-LIGHT ROBBERY, the bait is only 2.5% dividen if u opt NOT to sweat.gif sweat.gif

next year, those opt in syariah gets 7.8% while conventional gets 2.8% doh.gif

This post has been edited by vincentwmh: Oct 21 2015, 11:00 AM
vincentwmh
post Oct 21 2015, 11:05 AM

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for non-muslim contributors, its time to cash out max, then reinvest into ah-long
vincentwmh
post Oct 21 2015, 12:22 PM

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QUOTE(Ramjade @ Oct 21 2015, 11:18 AM)
McFD2R Geez. Don't be so negative about Islamic product. Did you know that maybank Islamic efd 1 month beats all normal efd by margin of 0.1%? Conventional efd is 3.15% while the Islamic efd is 3.25%.Islamic product is not always bad. Is just different name for same concept.

You are forgetting that the other act said conventional epf still can give minimum of 2.5% same with the new act which said Islamic epf also give minimum 2.5%
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i am not just merely looking of the % return offered by islamic vs conventional (be it fd or epf).

issue is the economy effect/power of our future generation.

enlighten me, WHERE this funds in I-fd/epf by the banks/gov goes to or invested into????? all into I ventures, business, products, etc etc>>>> who stand to gain???? simple maths here:respect: notworthy.gif

don't be fool as if you are getting some "gula-gula" now (higher I-fd/epf %), but in long run, WHOSE business/venture stand to gain at the end, most sad part, using WHOSE monie/modal?? doh.gif

in short, you know WHY ?, dulu dulu all ah-peksss insist must only put fd/ land/rubber estate geran if need to be charged, only to PBB????

This post has been edited by vincentwmh: Oct 21 2015, 01:24 PM
vincentwmh
post Oct 21 2015, 12:33 PM

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QUOTE(cybpsych @ Oct 21 2015, 11:13 AM)
are you cashing out max?
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shocking.gif

This post has been edited by vincentwmh: Oct 21 2015, 01:03 PM
vincentwmh
post Oct 21 2015, 12:56 PM

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QUOTE(cherroy @ Oct 21 2015, 11:29 AM)
Nobody rob your money.

Conventional EPF account still running, not the like straight away give you 2.5% next year.

If non-syariah portfolio stocks are performing, then conventional account may get higher dividend as well.

Please don't throw accusation simply. It may be deemed defamation.
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i am sure, we both will live long enuf to see. hope you are right.

i do believe, a policy is designed for a purpose. has tasted the sweetness in private banking I, now need more

let's see then!!! cool2.gif

This post has been edited by vincentwmh: Oct 21 2015, 01:25 PM
vincentwmh
post Oct 21 2015, 12:59 PM

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nil

This post has been edited by vincentwmh: Oct 21 2015, 01:01 PM
vincentwmh
post Oct 22 2015, 12:03 PM

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QUOTE(McFD2R @ Oct 22 2015, 11:54 AM)
For now, probably so. But if in the event, the difference >1% consistently, that does make a difference especially when it is compounded every year till 55, or eventually 60. Hence my view is that all investments by KWSP should be wholly and collectively made in the fair interest of all contributors and divided equally and proportionately. Because unlike Banks, where we can have choices to decide whether to take up their products or not based on the T&C, EPF contributions are mandatory. We do not get a say on where and how they invest, and nothing to govern the returns if any, except for the minimum 2.5%. As such, all funds that are generating returns should be fairly distributed.

Ok lah, I think I've emphasized my points that it becomes repetitive. I do that some times  laugh.gif
That is very true for those relying on their savings and EPF funds for living expenses after retirement.
I would not dispute that. However, if this is passed, does that means Muslims contributors MUST place in Islamic account, while others can choose? And then imagine if EPF declares that conventional accounts yields higher dividend, whether it's 0.1% or 1% than the Islamic account. Would those placing in Islamic accounts be making a big fuss about it then, especially here in Malaysia? I think they would. Thus, from that perspective, I don't foresee EPF aka the Govt would be declaring a lower dividend for the Islamic accounts. KWSP were, are and will continue to be politically motivated or influenced in their management.
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nothing new, its just a policy to transfer wealth in short. how do u think BRIM works? where the fund comes from to pay BRIM to those qualified?

This post has been edited by vincentwmh: Oct 22 2015, 12:05 PM
vincentwmh
post Oct 23 2015, 12:40 PM

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QUOTE(Ramjade @ Oct 23 2015, 12:29 PM)
Guess is because people interpret that if you don't choose syariah, you will get 2.5%. The drop of 6.x% to 2.5% causes a lot of people to get angry. But like you said, minimum epf can give is 2.5%. That's not the maximum which epf will give. It's the minimum.
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anyone who lives long enuf in malaysia can read "within the lines" la when a policy of such is announced. min 2,5%, so you be happy if they declare 5.9% for conventional vs I-KWSP gets 6.2% for no transparent accounting but merely its two seperate sets of payout required.

being penalized for not supporting islamic investment/product.

what's the difference with take ones monie to pay the other fellow.

wealth tranfer la nama-nya

This post has been edited by vincentwmh: Oct 23 2015, 12:43 PM
vincentwmh
post Oct 23 2015, 12:59 PM

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QUOTE(Ramjade @ Oct 23 2015, 12:47 PM)
Bro, they telling you that epf conventional and Islamic pays minimum 2.5%
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bro, it wld be wise if you can read beyond that "min 2.5%", read further "the objective of such policy" being implemented thumbup.gif
vincentwmh
post Oct 23 2015, 01:17 PM

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QUOTE(Ramjade @ Oct 23 2015, 01:06 PM)
Bro if you are worried about transfer of wealth, make the switch. Then if it really happen, they have no excuse not to give you 6.x% since you make the switch. Non Muslim can switch to syariah also. Not limited to Muslim only.thumbup.gif
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you should read even further than that. (not only see the gula-gula in front of you).bro, think of the economy power (of this outcome) of your next generation.

ask yourself, all these funds/monies in I-kwsp, I-fd etc etc etc are invested in where?? hence... sweat.gif

This post has been edited by vincentwmh: Oct 23 2015, 01:45 PM
vincentwmh
post Oct 23 2015, 01:24 PM

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QUOTE(cherroy @ Oct 23 2015, 01:09 PM)
May be someone got crystal ball that we don't have.  laugh.gif

The amendment just want to create a syariah compliance account, and investing in Syariah compliance investment. But somehow, all sort of unfounded prediction being made by people who got crystal ball, from give only 2.5% to which is higher or lower.

If the other one is higher, just opt the account to it[cool.gif[COLOR=blue], as simple as that.
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no cystal ball la.. cool

in blue, thats where the objective "catch" for funds. i read towards the "objective&consequences" not merely the gula-gula (dividen payout)

anyway peace icon_rolleyes.gif just different views

This post has been edited by vincentwmh: Oct 23 2015, 01:27 PM
vincentwmh
post Oct 23 2015, 02:22 PM

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QUOTE(Ramjade @ Oct 23 2015, 01:28 PM)
Just think of it as donation. Once your money is enough, one can withdraw and dump into overseas account. Take a vacation and open account at the same time.Then come back malaysia TT out the money
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all the best to you

i am here to stay!!! burial ground oso here wink.gif

This post has been edited by vincentwmh: Oct 23 2015, 03:00 PM

 

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