Yes. It's not about trust though, it's about understanding how the structure works.
It's among the most stable of investment avenues.

The rich are now finding ways to avoid taxes and stashing their money.

EPF for long term better gain than FD and ASNB..

If MYR continues to appreciate it'll be the next preferred parking spot.

Rich ppl got a disadvantage tho

Imagine rich ppl punya kid. Will they want to go thru tough situations?
E.g Ronaldo cr7 punya anak
Or any Brazilian slum kid turned football sensation punya anak
Even Messi who played to get treatment for his condition, no play good, no treatment

U think they will train like how his dad did?
Daddy had no choice but to work hard. Dedikasi children will just chill and say why need to work so hard , might as well enjoice life. Or even if the kid can take some toughness the mentality is not the same.... If fail there is something to fall back on, so let's just try je, if can't make it takpe... compared to "I must do it , by hook or by crook"

That's how those stars became big

Even I myself spoiled by mani. I used to be able to work hard etc without question, even risk my life for my job .

Now I become more and more stroberi after I earn certain amount. I feel like life is too precious to work super hard and risk my life.

This post has been edited by Knnbuccb: Oct 12 2024, 01:13 PM

Yes.. its quite funny sometimes, and the guy doesn't even need to be super handsome



This post has been edited by Knnbuccb: Oct 12 2024, 01:15 PM

This. Plus self contribution can pump up very quickly.

Pentipu scammer..u missing out 2 digits behind

Dividend where got EPF.

KEK

She effectively has one million in a high yield 6% savings account risk free. Where got any other investment offer such a deal?

Obviously it's mostly self contribution from "external" sources la. 35 years old, say you graduate around 25-26yo within 9 years you start from bottom can contribute millions to EPF?

Like she said, maximum self contribution is 100k per year. She took ten years to reach the first million. Compounding interest helps a lot after that

This post has been edited by diffyhelman2: Oct 12 2024, 02:00 PM

Yes, the challenge is the first million.
After that, it's much less time to the next million.

Mca mar

Investment must consider liquidity, risk and returns. Epf amount above one million is like the Best of all three, like a risk free savings account paying six percent. No private bank or mutual fund will give that kind of deal.

Actually if work backwards, the amount is debatable…

One need to contribute RM10k per mth in epf for 12 years at 5% dividend to hit RM2M.

Company will pay 12%, self contribute 11%, so about RM5k per month self contribution. So her average per month salary is RM45k for period of 12 years.

If she does not start with RM45k and follow normal incremental path of workers starting RM3k, so roughly her per mth earning RM160k now. So increment per annum is 43%.

This is atypical company and also atypical job role, one company does not have alot of people earning this much even in O&G with 12 yrs experience.

This post has been edited by p4n6: Oct 12 2024, 02:15 PM

Damn high pay.
Is she sugarbaby ?

You forgot bonus. Someone said she works in o&g industry



This post has been edited by diffyhelman2: Oct 12 2024, 02:15 PM

it was hard to explain..until SHE explain it herself.
no wonder HIGH salary

Did the lady post her acct summary on the portal ?
Otherwise BS, anyone can claim that they have millions in EPF at an age when most folks are just sprouting pubic hair LOL

I own epf never buka thread also.. oh wait can I own epf? Hahahaah

Bonus is considered in annual compensation, can be averaged out as monthly wage for simple calculation… unless you are in company that pays 36 months bonus every year i think not likely for typical company, i know TSMC and Tencent did pay that high occasionally … but not a typical company in Malaysia.

To add the 45k is for past 12 years not current only. Means from fresh grad onwards 45k per mth to accumulate.

She admitted 50k earning now + 300k annual bonus so average it out is merely 75k per mth salary now … still below the 160k per mth …

This post has been edited by p4n6: Oct 12 2024, 02:26 PM