Oct 1 2013, 09:26 AM
QUOTE(plumberly @ Oct 1 2013, 08:46 AM)
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 Have withdrawn once for my housing loan many years ago.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.
EPF using the money buying MGS, investment in stock, property...all are asset. 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 Have withdrawn once for my housing loan many years ago.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.
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
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