It's "good" to have 6+ percent in dividends.

Problem is, how much you can actually take out when the time comes.

The time for you to open the app and collect that 1 sen is probably worth more then 1 sen already.
And there are way better ways of collecting coins then that 1 sen.

Buying from shopee is still cheaper then buying outside to be honest.
If you also consider the other benefits.

You should ask your friend to sign a guarantee that your returns is higher or equal or even slightly lower then EPF by 0.2%.
Your friend will pay you the difference if it's not.

BTW, is the news allowing withdrawal of 500 monthly from EPF true?

You still dun get my point. But its ok.

I am sure this 8 to 10k did not include the interest you would have gain.

Tells me how unscrupulous banks are to steal money from EPF. They probably have earn lots of fees through this. And the government is obviously encouraging them by allowing them to do this. I bet the government gets a share of the fees as well. Or even corrupted officials that allows this.

So my question is, is EPF really effective as a fund for old age if say government allows people to put their money into those kind of funds? And I am also sure that those funds charge a high service fee. In fact, I am pretty sure their service charges is even higher then non EPF type of funds. Is this even ethical?

One more question. If I think that FD is going to be higher in say 1 -2 years time. Why am I not allowed to put my EPF money into FD. Is it because FD does not charge as much fees as those kind of funds?

And this begs the other question. People here claim that EPF money is used for EPF investments. But if I used my EPF money to buy mutual funds, is it really still part of EPF investments.

So the question is, is EPF really for retirement funds?

This post has been edited by BrookLes: Mar 5 2023, 10:42 PM

I doubt it's for epf related ut.
Sorry to say. Malaysians has got to be one of the most unsophisticated out there. There was a retirement fund that was advertised that gave very bad returns. Only thing is, they could get tax break. The investment firms would not have tried this in other countries that I have to say

Where did I imply that I did it
You have a reading comprehension problem?

I have already explained in the 2nd part of the post.

You proved my point.

Sure it's broken.

Like I said. You proved my point.

All I know is you dunno shame.

So I wonder how broken my English is this time? Hope you can decipher my broken English. But if you can't then you can always take comfort in that. I know how messed up ppl are these days anyway.

This post has been edited by BrookLes: Mar 7 2023, 12:58 AM

Sure. I am taking lots of them now.
So how is driving grab btw? Fun. I know it does not pay that much but I can probably try. But you probably have fun driving every day right?