Yup, UT normally have variable pricing for it's units & would "dropped" on ex / after dividend. They must minus the dividend rate from the units price. Sometimes if you do DCA, can get more profit

AMB was formerly known as Maybank Unit Trust Bhd

Really? so I'm wrong? It's not under ASNB but under Maybank??

May i know how to get this free gift ? All RHB branch available ?

SA 3k is open saving account 3k ? I already have RHB account........

Do i need to put 1year FD ? how much ?

Thanks

U r not wrong
Maybank sold MUTB to ASNB
ASNB changed MUTB's name to AMB

Better to put in EPF right? Why don't do so?

oic, so I'm correct after all

Agreed
Once $ in EPF, withdrawal is restricted

Also add'l of 60k per year max.

No more 1/3 when reach 50 years old?

Speaking aloud on EPF vs FD, appreciate your inputs on the pros and cons.

PROS
* higher rate than FD at present (3.x vs 6.x)
*

CONS
* difficult to withdraw before 55 (but can use part of it in UT & shares)
* is your money in EPF guaranteed?
* rate may drop depending on govt/economy
*

Seriously thinking on channeling some money there.

Thanks.

MBB step up scheme still there

1) In the event of your passing, only the person(s) nominated by you will get your EPF savings and no one else. You can even state the percentage of each individual may inherit.
2) You can withdraw your EPF savings for education, health and monthly withdrawals for housing loan too. And it is not difficult to withdraw lah if you fill the right forms with proper documentations. And you can also make partial withdrawals at age less than 50 if you have RM1M.
3) Money in EPF is "guaranteed", i.e. contribution and dividend declared will always be there unless you make a withdrawal.
4) FD rate can go to zero too, e.g. USA and Japan.
5) Even if you use it for UT, the money goes back to the EPF Account when you dispose them.

Put it this way, if you are not a financial guru and want some kind of force savings, then EPF is really good as far as I am concerned.

And best of all, if you are a worker, better to negotiate with your employer for them to contribute more than getting a pay rise as whatever is "paid" to you into your EPF is TAX FREE. For self employed, don't know if the tax free thingy applies.

This post has been edited by Gen-X: Sep 30 2013, 09:54 PM

Anybody know best rate ocbc and uob offering?

Another con,
Subject to sudden change of withdrawal policy like 55 to 60 years old.
Max per year deposit amount is 60k only, to you maybe 'no meat' for such hassle.

I personally prefer those 5% after tax REITs rather than EPF, any winter melon and tofu happen to Malaysia economy, you can liquidate within 4 trading days. But it all depend on individual risk tolerance.

True in terms of liquidity for REIT:

Con for REIT: It can goto zero value.
Pros for EPF: - your capital is peserved even with worst of times, the lowest dividend rate in all history..2.5% is guaranteed.

Lazy man investment method - just keep stuffing money into EPF, and withdraw only when you're truly in retirement age.

This post has been edited by danmooncake: Oct 1 2013, 01:03 AM

EPF tax deduction benefit is up to RM6K per year only but all future (retirement age) withdrawals and gains are indeed tax free so far.

Noted and thanks.

1) Done that.
2) Was not aware of withdrawals for health & education. Have withdrawn once for my housing loan many years ago.
3) My concern is the master at the top of EPF (govt) using the money and I have seen a few emails on EPF wasting and running out of money. Don't know how true is this.
4) Yes.
5) Yes, used my EPF for UT in the 2000's, sold the UT and the money went back to my EPF.

Property and shares are now too volatile for me (smart ones can still make money there). So, instead of FD at 3.5-4%, why not EPF at 6+% came to mind. Leave the $ there for 1-3 years and when economy recovers to more stable level, invest in shares/UT via my EPF money. Logical/smart thinking? Ha.

Cheerio.

Thanks.

At present, I think they still allow those approaching 55 to withdraw all. Yes, don't know when they will change the rule.

60K per year, after 5 years, 300K, FD vs EPF difference = 300,000*0.02 = 6K per year extra.

On REIT, I was tempted about a year ago on the dividend. But the negative side is the current volatile economy, one still gets the dividend BUT with the price dropping, to me, better just leave the money in FD till we are out of this economy "hole".

Cheerio.

EPF using the money buying MGS, investment in stock, property...all are asset.

The only bad scenario is the asset Devalue/DeFlation to no value. To happen such even, then our BolehLand be like Greece or Japan social/economic environment.

EPF do thing without transparent, but must note its ppl money they need to answer it. Only scandal mishap didnt throw out didnt meanz you need to worry too much.In history of pension fund scandal havent appear..if do appear BolahLand is 1st nation.

I did use my EPF invest during 08 when everyone is exiting. Now..i will do so when there is next crisis....Lump sump when crisis happen, is a good move for me. The only advantage i have is time.

This post has been edited by felixmask: Oct 1 2013, 10:18 AM