For individual contribution, yes, that's about the only benefit

That's why I always advocate for it for employer contribution. But not many employers are willing to do it. If you are self-employed under Sdn Bhd, you should consider that

One of the popular tax planning method is to shift remuneration into extra EPF contribution as it is tax deductible for the company up to 19% employer contribution. For the extra 7%, actually PRS can get tax deduction too. The biggest pro is, if you put in EPF, when you want to take out account 1 for unit trust investment, you need to pay sales charge; the funds must be approved by EPF which means only Malaysian equities and the amount you can take out will be less than the entire additional 7%

The con however is, most HR would not do extra work paying into different asset management companies and occasionally the employees would want to switch funds or fund house

Actually I wish they have pure equity funds like CIMB or Affin Hwang or Am for us to choose. Kenanga bond is really lousy and dragging down the growth fund performance... 1 year return of 2.3%, CMF is much better

You might want to consider setting up Sdn Bhd. SME enjoys much better tax perks compared to partnership... I don't know much about LLP though

Refer to morningstar on latest returns
http://gllt.morningstar.com/e6qvxuu98r/fun...B&tab=ShortTerm

But the truth is, it's cyclical. It depends on which market you believe in really. Every year when I use the YTD returns to decide to buy which fund, end up after that it doesn't do well

KGF will be those more stable fund, but if Msia equities crash... then the Asia funds would do better
This year I bought CIMB islamic asia pac... but in the red at the moment

My employer contribution feeds into Kenanga growth PRS... phew

Boss finally jumping ship? I too think SOF is pretty hopeless jor... was waiting for KLSE to go up a bit to switch my tiny bit in SOF to Ponzi 1.0.... my target was 1,700 points.... until now never hit

Thanks for the tip.... you are right.... doesn't look like it's happening ler. Luckily KGF still going strong, else my employer PRS also kaboom liao

Yup, sudah dapat.... a bit less than last year. But grateful at least got bonus la.... Told myself to set aside at least 50% as savings la. Will be even tougher next year liao

For once my sifu is following my strategy....

My aladdin fund at 6.34%
SOF at 1.88%

Really superb ninja trick!
Must start applying it... but okla, I've not sold many funds in the past... so limited 'losses' anyway

For my mum's portfolio, I plan to rebalance and pay her the 'dividends'. So this trick comes in handy for me to cash out some of the equity funds and shift to the ponzi 2.0 which is not doing great at the moment

Hand itchy liao.... decided to try Vanguard's ninja trick; intra switched some of my MY equity funds to bond funds for credits

I got no plans to buy eq funds though; just thought to shiok sendiri to accumulate credits. I was going to switch sell anyway

I follow FSM advice... increase FI/cash allocation; reduce EQ

This post has been edited by dasecret: Dec 28 2015, 03:59 PM

Ouch.... I have 1 fund also like that.... still waiting for it to turnaround... or one fine day when I beh tahan; just cut loss

What about you?

This is a good time to be in office, quiet not much calls and meetings; and the traffic is superb....
Next week the nightmare will start again

I don't have so many annual leave to burn la.... If I'm taking a day off would rather go shopping, go spa, go facial etc.... It'll be more tiring than going to work

Yeah... my sifu agree with my approach wor...
I still haven't switch out my Hwang SOF to ponzi 1.0; maybe should do it tomorrow... Hang Seng falling anyway

This is some accountant obsession is it? Cannot have reconciling items?

KLSE at 1,680 level liao.... any chance to break 1,700 by end of this year?

I just want it to hit 1,700 for me to throw some of my underperforming Msia funds

Update on my credit ninja trick

I forgot about switching fee and didn't check before switching... turn out pheim charges 1%
The 0.5% sales charge promo would have been more worth while