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 EPF - self contribution, need advise

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xander2k8
post May 3 2023, 04:48 PM

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QUOTE(nexona88 @ May 3 2023, 04:45 PM)
but now with OPR hike...

the demand of ASM might be reduced...

since FD Promo rate also could matched with ASM  tongue.gif
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FD won’t so soon wait another 2 weeks but loan increase immediately 🤦‍♀️

ASM got time limit and those smart enough will know how to allocate and diversify rather put in concentration risks
xander2k8
post May 3 2023, 04:54 PM

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QUOTE(nexona88 @ May 3 2023, 04:52 PM)
yup.
FD rate adjustment is slow as usual...

what time limit???
as long got units.. can buy...
only issues is how long can last??? now could be even longer... people would think again...
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Time limit as in limited time because the available units will be gone as on demand

You need the check the release history to figure it out from the past on how long all the units are sold
xander2k8
post May 18 2023, 01:23 PM

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QUOTE(nexona88 @ May 18 2023, 08:37 AM)
Don't know when that will happen....

Keep waiting only...
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Most likely to be in Sept unless PMX decide to roll in inside for bajet 2024 as well
xander2k8
post May 19 2023, 12:04 PM

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QUOTE(nexona88 @ May 19 2023, 09:25 AM)
Woah
Very late already...

September like almost year end...
Better straight start 2024 😜
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Highly likely then because they also need to plan where to allocate the new inflows as well

QUOTE(romuluz777 @ May 19 2023, 09:36 AM)
Should start implementation ASAP and effective immediately.
You guys can write in to EPF CS and ask them again and again when this 100K thingy will take effect.
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Don’t bother asking them as they won’t know and have the power as the only one 🤦‍♀️ would know is the signatory
xander2k8
post May 25 2023, 02:33 PM

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QUOTE(ronnie @ May 25 2023, 01:23 PM)
KL Sentral has EPF booth to promote Self Contribution
Can get souvenir like notepads, thermos, mug, umbrella based on different amount contributed at the booth.
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That desperate until need such promo 🤦‍♀️ anyway waste of money by giving such souvenir 🤦‍♀️ instead of giving 0.1% more on the dividends announcement instead
xander2k8
post May 26 2023, 07:31 PM

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QUOTE(ronnie @ May 26 2023, 04:57 PM)
On thursday it was beside the elevators connecting Nu Sentral to KL sentral (opposite the YES store)
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Strategic location just outside KTM and LRT entrances 😂

QUOTE(romuluz777 @ May 26 2023, 05:34 PM)
Can go bug them about the 100K new limits....bila implement ?
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They won’t know because it is beyond their authority 🤦‍♀️ even the CEO can’t tell you
xander2k8
post Jun 1 2023, 01:08 PM

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QUOTE(romuluz777 @ May 31 2023, 11:23 PM)
I’m more worried about the depleting strength of the MYR…having a large EPF balance could mean nothing in future😶‍🌫️
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Now only if you worried for what 🤦‍♀️ if you have accumulating USD earlier then you should be thankful

QUOTE(nexona88 @ May 31 2023, 11:34 PM)
Not for me as for now....

60k also cannot maximize 😔
So how to hit the 100k target...

As for the rate...

I'm looking at least minimum of 5% to maximum of 5.5%

Higher rate... I'm happy 😁
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5% is achievable so long as RM don’t appreciate past rm4.20 with current Bursa level at 1450

QUOTE(coolguy_0925 @ Jun 1 2023, 06:02 AM)
but but... all ministers said ekonomi recovering so should be better rate rite brows.gif
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Good luck listening to ministers 🤦‍♀️ when RM depreciating down the drain 🤦‍♀️
xander2k8
post Jun 2 2023, 01:09 PM

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QUOTE(nexona88 @ Jun 1 2023, 07:43 PM)
Just my personal estimate only....

Could be higher since EPF also have some foreign exposure.... That somehow would help too....
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But if the market is like current tech bull run is going on and EPF doesn’t declare 6 in front many will be furious 🤦‍♀️

5% is achievable given the SAA they are running provided no major allocation changes
xander2k8
post Jun 4 2023, 07:37 PM

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QUOTE(VeeJay @ Jun 2 2023, 06:59 PM)
hahaha, EPF is an investment house. so the more investors (public) the more they can widen their portfolio of investment. Hence its more profit for them. Only based on those profit, they share a some portion to the investors who has saved the money in EPF. End of the day its a profit for them if they have a larger sum to play around, after all its profit sharing.
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Not necessary profitable when even if with bigger sum when allocate to wrong asset at the wrong time 🤦‍♀️ EPF Bursa most holdings are still at losses with the exception for certain banks and oil company

QUOTE(nexona88 @ Jun 2 2023, 07:59 PM)
Partly correct....

Economy of scale.... Bigger fund size can invest more... True... But it's also bring another headache... Can they handle such big inflow of $$$.... Sustainable dividend rate in long term...
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Bigger fund doesn’t means better returns as they won’t take higher risks to get the returns they want 🤦‍♀️ bigger funds will always go stable large cap holdings

QUOTE(koaydarren @ Jun 2 2023, 09:25 PM)
EPF should be okay because untimately the money is invested in businesses. The only concern is the current pension scheme is not sustainable.
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You should be worried when EPF is being used to bailout tongkat GLCs as it already happens before 🤦‍♀️ so don’t think it is okay because it is the mercy of the minister if they want to change direction 🤦‍♀️ because the ultimate signatory is the minister
xander2k8
post Jun 12 2023, 01:40 PM

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QUOTE(CommodoreAmiga @ Jun 12 2023, 09:11 AM)
Very soon Akaun Lagi Emas 65.

Then Akaun Emas Kaw Kaw 70

Then Akaun Emas nak Mati dah 90
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Not as soon you think 🤦‍♀️ as to amend EPF Act you need a solid 2/3 majority which this so called unity govt is split and if they do and it will take time to be implemented
xander2k8
post Jul 4 2023, 08:40 PM

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QUOTE(faizfizy39 @ Jul 4 2023, 11:46 AM)
What do you mean cannot trust?  hmm.gif
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Go look for EPF bailouts 🤦‍♀️ as there 2 banks still bailing them out since late 90s by holding a majority stake since then

QUOTE(nexona88 @ Jul 4 2023, 08:07 PM)
Currently also not bad the rate....

Still better than ASB 😀

But still have room for improvement 👌 only worries is the 70% local exposure mandate given @ ordered by PMX...
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And it seems that EPF is now looking into local infrastructure given that is now seeking valuable analyst for it 🤦‍♀️ so expect sub par 5% from now given the reallocation from the gains from foreign equities
xander2k8
post Jul 6 2023, 03:34 PM

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QUOTE(nexona88 @ Jul 4 2023, 10:07 PM)
BAD news if it's below 5%

Lowest I can think recent years is 4.25%
So we would be looking at this rate???
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If it is only global recession this year but highly unlikely most 2Q 2024 it will be bad

QUOTE(faizfizy39 @ Jul 5 2023, 04:30 PM)
So what do you guys think? Good? Bad?
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Bad as the money belongs to the ppl 🤦‍♀️ not for EPF CEO and the board to decide

QUOTE(ikanbilis @ Jul 5 2023, 11:07 PM)
That is why i refuse to self contribute any more savings into epf after so much political interference with the fund. Imagine you have an emergency and epf tell you that you can only take out rm1k per month until 75 years old. My money, i want to be able to take out anytime i want after 55yo. bruce.gif
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Good luck to those who self contribute 🤦‍♀️ which contribute more to declining RM with persistent inflation

QUOTE(BrookLes @ Jul 6 2023, 03:06 AM)
You see, even if Average Malaysian live up to 70+ there is no stopping them making the "assumption" that Malaysians live up to 80 and do the calculation from there.

Why not just pay as promise but see with brainwashing, I am pretty sure I will not even be able to withdraw the full sum when I am 55 years old.

But great, please self contribute more and go into the trap. No wonder now they encourage ppl to self contribute until 100k.
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That is why who self contribute are sillly 🤦‍♀️ thinking EPF will grow with persistent inflation and declining RM
xander2k8
post Jul 6 2023, 03:48 PM

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QUOTE(BrookLes @ Jul 6 2023, 03:35 PM)
There is a loophole actually.
Now you know why they ask ppl to self contribute.
It's not for the purpose of helping you.
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Remember the coffers are drying up 🤦‍♀️ when 1st May announcement was another silly master stroke from PMX

Still old skool thinking EPF is helping when we all know that low wages 🤦‍♀️ is more important than fiddling with EPF now

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