For one alternative on gold investment, u can check my thread on this:

https://forum.lowyat.net/topic/4473756

To buy, u can open a stockbroking account with these guys, which is one of the lowest cost brokerage house in Malaysia:

https://www.mplusonline.com.my/macsecos/index.asp

With the account, u can also start investing in dividend stocks n reits for passive income, so u r not limited to just Gold which doesn't generate any dividend/interest.

This post has been edited by Cubalagi: Nov 6 2019, 12:20 AM

The RM3 million net worth is a law thing... If u have RM3 million net worth, Banks can legally offer u some sophisticated products without having to file for certain documents with the authorities.

This RM3m is for all assets, but since banks won't have details of ur other assets, many banks just blanket apply RM3 million for assets with them.

Mid 40s couple, both still salaried corporate slaves.

Investment breakdown:

50% EPF
20% Property Investment (exclude home)
20% Securities (Funds, Stocks, ETF, Bonds)
10% Deposits (USD n MYR)

Approximate.. Round up and down.

Still have debts (mortgage) but less than 10%.

Plan is to retire in next 10 years (mid 50s), but wife maybe earlier. By that time I guess that will be considered RE..😆

Up to my target retirement there should be at least 1 big recession. There will also be 2 Malaysian general elections during that period. These are period of opportunities and risks in terms of retirement planning

This post has been edited by Cubalagi: Nov 27 2019, 06:36 PM

No. But I never withdrew, n didn't voluntarily cut during the economic bad times where u can opt to reduce contribution.

I am also fortunate to hv been working for more than half my career with employers that gave close to 18% contribution. Years of contribution, combined with the wife who also works and compounding interets mean our epf has snowballed into a nice pile n still growing. I may withdraw epf n diversify away from EPF, but I'm waiting for the big bear market in the future.

This post has been edited by Cubalagi: Nov 28 2019, 02:12 AM

Epf is one of the great things about working in Malaysia. U r forced to save 20+% of your earnings for retirement.

However, there are a few things to be cautious about

1. USians have social security on top of their 401k. We don't. It's only epf if u r private sector.

2. Epf is a conservatively managed fund. Atm its a 60% bond/40% equity fund (which is actually historical high equity allocation for epf). Arguably, that's rather conservative for a young person.

4. While epf is mandatory, there is no guarantee that you will always be an employee. One could be retrenched.

5. Many loopholes/temptations to withdraw Epf prior to 55.

So it's always good to save more on top of Epf and, if u want Fire, a must.