Jul 16 2015, 02:54 PM
QUOTE(em0kia @ Jul 16 2015, 09:32 AM)
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?
If you are employed? Then do you have a choice? You question becomes irrelevant right?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?
If you are self employed? Then you have a choice. Your choice becomes where can I get to put into a fund that gives > 6% return p.a. where the unit price is fixed? Beware, beware.... there are plenty of insurance agent that will try to sell you saving plans. If you do not know how to calculate xIRR, you will be easily swayed by their sweet talk.
Now, from my part, my salary income must go into EPF because I do not have a choice... but I have a small choice to take out partially to participate in MIS (private UT)
Income that I received from commission and rental and what not... I choose not to put into EPF because I am confident I can get higher than 6% ROI p.a. elsewhere.
I hope my posting can give you some perspective.
Xuzen
This post has been edited by xuzen: Jul 16 2015, 02:55 PM
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