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Quick question, About EPF
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TSem0kia
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Jul 16 2015, 09:32 AM, updated 11y ago
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Hi people, I am really new into finance, so please pardon me if the question sounds extremely stupid to you guys.
So I just know that we can invest in EPF. With the recent 1MDB issue, I sort of like lose hope in everything offered by gov that seems to be "independent, strong etc".
May I know is EPF really a safe place for investment?
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TSem0kia
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Jul 16 2015, 01:21 PM
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So from what i understand through all the posts here, EPF is the safest yet giving out 6% increment annually right? So lets say if my income is RM10000, i decide to put 30% into EPF every month and my employer bank in another 12%. This means there will be RM4200 entering my EPF every month. With 6% interest rate, after 35 years i would have roughly Rm5 mil. Is that correct?
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