5.8% dividend for EPF

KUALA LUMPUR: The Government announced a dividend of 5.8% for the Employees Provident Fund (EPF) for last year, up from 5.15% in 2006.

"Investment in foreign assets achieved good returns and I hope EPF will continue to take new initiatives for the country's development," said Finance Minister II Tan Sri Nor Mohamed Yakcop.

The EPF, the sixth biggest public fund manager in Asia, has RM312bil in assets and has been able to play an important role in the country's development, he added.

EPF has in its portfolio US$1.8bil (RM5.76bil) worth of assets in other countries as a result of its recent diversification effort, he noted.

oh well, euro market is in red again

i wonder how many points DJIA gonna drop tonight

thaipussam save us! hoping for a technical rebound on wednesday night

i am targeting

IOIcorp
KNM
Muhibah
mrcb
gamuda

but only have 20k, could only choose one from them..
any recommendation?

i always wondered why EPF interest is so damn low. is there any external audits on their investments...

to me EPF is used to bail out bad investments or support side projects. they probably make more than 10% returns on investments, but give us 5%+. the rest are swindled.

i always wondered why EPF interest is so damn low. is there any external audits on their investments...

to me EPF is used to bail out bad investments or support side projects. they probably make more than 10% returns on investments, but give us 5%+. the rest are swindled.

Others don't have comment, are you serious about MRCB?

why?
sorry i am very new, just finally saved a 20k, and found this DROP opportunity and first time get into sharemarket

MRCB is a highly political stocks, some said 'goreng' stock.

It share price 10+ years ago is almost as same as current level. So judge your own, don't mean to discredit MRCB.

so, you mean, current MRCB price is quite high already?

Be realistic lah. Everything got its value one, won't fall into too low or zero. Just like properties, it can be falling in price, but can it become zero? not possible. Once it fall enough to rally bargain and cheap value, then investors will slowly picking it up again.

Tan Teng Boo predicted a 'long boom' for stock market, now become 'long bomb' already.   Not to discredit anything or him, market and economy is unpredictable sometimes. No one can forsee the future correctly each time, just need to be aware risk associated with it.
But recent market trend is pretty ugly, market seldom react in this way, even I had been in the market for almost 15 years, this only the third time seeing this kind of sharp drop.

We had enjoyed 3 years of magnificent bull run, now bear rules at least for near term.

Better watch closely how well corporate earning will be in the next few months/Q, if corporate earning does show poor result then market plunging is right. If corporate earning is staying relatively strong, then it is short term pyschological effect. Actually market is 90% price in the US recession now.

Citigroup and Merrill Lynch losses of near 10 billions in 4Q really wake up the bear.

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Added on January 22, 2008, 12:54 pm

I don't know it is right or responsible to do it. As I only posted on my thought and buying sometimes. I am not always necessary right each time, bare in mind.

I had bought some Reit counters recently.
But yet to buy any stocks since last year. 

I mean where do the people check from?
Why I check from Yahoo, it's +284? Dow Jones Industrial March 2008 Futures.

If everyone rebound sharply tomorrow while KLSE enjoy a 'sudden' holiday on tomorrow, haha punters will be cursing then.

Some of the European stocks are in GREEN now - FTSE100 and CAC40.

i am targeting

IOIcorp
KNM
Muhibah
mrcb
gamuda

but only have 20k, could only choose one from them..
any recommendation?

Be prepared for a fed rate cut of 0.75% or 1% in order  to calm the markets, in view of deadlock bet Bush & democrats.