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Quick question, About EPF
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smartinvestor01
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 Jul 16 2015, 11:20 AM
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Go to a bookstore looked for a book namely the EPF Act..
It stated that the government not only need to guarantee the funds in EPF, but need to also pay a minimal of 2.5% interest per annum..
What will only happen is when politics become unstable, our currency drops then inflation happens (as what we are experiencing right now)
So.. the end result, your EPF depreciates in value due to the inflation..
This post has been edited by smartinvestor01: Jul 16 2015, 11:21 AM
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smartinvestor01
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Jul 16 2015, 11:22 AM
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QUOTE(supersound @ Jul 16 2015, 11:18 AM) If EPF, ASN, ASW kind of funds are not safe, then I can tell you no fund is safe. If that 3 I mentioned are not safe, trust fund are much more worst than not safe. Yes, if those funds are not safe, then we would say there is no place safe to put the funds..  This post has been edited by smartinvestor01: Jul 16 2015, 11:22 AM |
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smartinvestor01
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Jul 16 2015, 11:34 AM
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QUOTE(supersound @ Jul 16 2015, 11:30 AM) I trust nobody, but I willing to let EPF to cheat me because they are offering 6% dividend  Still better than trust funds saying 10-20% but 2-4 years only give out distribution/dividend once for 1-2%  Yape, i can imagine how regret i am to put my RM200 into my monthly unit trust fund which the value is now dropped. The money works better for me in EPF, ASM and AS1M than that bloody fund.. Now can only depend on averaging method nia...  |
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smartinvestor01
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Jul 16 2015, 01:08 PM
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QUOTE(T231H @ Jul 16 2015, 11:46 AM)  doing averaging into UTs funds again? the funds NAV can continues to drops again.....imagine more regret then? although last few days got increase, but the increase is only limited.. at least i am not putting majority onto this.. |
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smartinvestor01
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Jul 16 2015, 01:10 PM
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QUOTE(Babablacksheep @ Jul 16 2015, 12:39 PM) 12+11% totaling the money of ALL Malaysian employees flows into EPF EVERY MONTH. MOST POWERFUL fund in malaysia. Yape, just imagine everyone who is employed are regularly contributing to this fund.. |
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smartinvestor01
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Jul 28 2015, 01:08 PM
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QUOTE(wil-i-am @ Jul 16 2015, 02:16 PM) Yes as employee can choose to top up in xcess of 12% There was one time when i went to ask my HR in the previous company, the HR mention that better to top up by myself via online than through them.. I guess the HR dont want to have overloaded workload and difficulties in monitoring the contribution. |
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smartinvestor01
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Jul 28 2015, 01:11 PM
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QUOTE(T231H @ Jul 16 2015, 09:00 PM) Possibility... but the forummer of post#10 looks like "Old bird"... too old to be cheated-lor... if cheated, will he buy again? (he mentioned he put monthly into his UT fund) btw,...in FSM or Eunittrust online UTs distribution platforms.....NO agent involved...therefore no agent to cheat and mislead by boasting how superior is that particular fund perform, I'm not sure how many people had bought from them....just read an article published in Dec 2005, that it has asset under management of S$300 million ...... generated by iFAST’s online division, Fundsupermart.com. (Singapore)...if the S$300 millions grew for 10 years combined with other FSM's operation in M'sia, HK and India PLUS Eunittrust platforms .....the AUM would be very huge where - NO agent involves https://secure.fundsupermart.com/main/artic...ion-In-AUM-1798Yape, actually i am not cheated.. due diligence has been made, but the timing was not right.. |
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