Frankly speaking I really pulling money out of EPF to invest in the unit trust funds. After 4 years, the funds I put money into are still negative. While my EPF funds are growing steadily.
EPF SELF-CONTRIBUTION
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 Feb 16 2019, 02:49 PM
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2,093 posts Joined: Apr 2005 
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Feb 16 2019, 05:28 PM
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#2
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2,093 posts Joined: Apr 2005
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QUOTE(touristking @ Feb 16 2019, 04:16 PM) why did u pull money out of EPF? Because of stupid rumor saying it will go bankrupt? Hardly, of course to look for better returns with unit trust funds that could invest overseas where the EPF has until recently not been allowed to go. With positive cashflow, the EPF is hardly going to go bankrupt but its transactions might be highly suspicious. And whatever happened to the 5 billion loan to buy shares in the Bursa during the 2008 GFC? QUOTE(jalsrix @ Feb 16 2019, 04:51 PM) Unit trust funds and stock are all a scam by banks to make money for themselves. Slightly better than EPF? Have yet to see any positive sign of that.It makes less interest than EPF. I invested in stock in the past and lost money...  Unit trust is only slightly better but still not as good as EPF. |
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Feb 16 2019, 10:50 PM
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#3
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QUOTE(jalsrix @ Feb 16 2019, 10:14 PM) i said 'slightly better than stock NOT EPF'. Copy that.Stock is a big gambling den, anytime you can lose a lot of money. |
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Feb 17 2019, 11:09 PM
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#4
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QUOTE(jalsrix @ Feb 17 2019, 02:59 PM) You think we have so much free time to do research in real-life? If you haven't the free time to do due diligence then don't take the risk. If you agree and sign on the line then it is of course that you have fibre due diligence. You can say they didn't tell you the while truth but you could be blinded by the possible returns to the risks and fees you must incur. All the research papers are done by banks so of course, they will only publish the good side and not bad side. In the past, there were no forums and most people don't know how to use internet. Those bank agents will only tell you the good things and not bad things. The bad thing is that we can lose the principle sum. The interest rate isn't as high as EPF either. Those bank agents are scammers and I really want to scold them everytime I meet them. As with all things in life, caveat emptor and due diligence. |
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