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Thread: EPF 2016 dividend

  1. #46
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    Quote Originally Posted by opulant View Post
    ...
    From the numbers, I can safely and comfortably say the MYR in Epf grew faster than the SGD in Cpf in final quantum.

    Of course, simpletons and those “neither-here-nor-there” will moan non-stop about purchasing power of MYR, the increase of living costs, etc. Actually, this should not be the topic that someone should worry about when approaching retirement or at retirement age. If these are the major concerns, then even you live in the richest country in the world or the country with the best social welfare net, you will still moan non-stop because the root of the problem is not the external factors...
    concur... In fact, when I was young, one of my ex-boss who is a german, told me that I was very lucky. Came from a cheap third world and work in a expensive "first" world city, being cheap and wanting to return to my third world country. Best combination. Geographical arbitrage in terms of work.
    (back then there is no such concept of Mobile Road Warrior or at least not well accepted by corporations. I even remember asking my bosses to allow me to work from Klang for 1 month as there is really no reason for me to be in the office as I was doing coding back then. And all my works were solo project based with clear deliverables. of course rejected. haha)
    So work in NYC or Singapore when 20 to 40. Semi-retire in KL or Penang or Klang between 40 to 60.

    Oh yeah, EPF allows uncapped contribution by employers/employees with the formula of 12%/11% of one's salary. Definitely better vs CPF if one's pay is high with balance exceeding 1 mio myr.

  2. #47
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    Quote Originally Posted by zinglicious View Post
    ...
    Yes, just 0.4% or 29,000 of the 7.2 million Epf members own 52% of all the Epf money whereas 96% of rakyat probably have less than 200K to retire.
    ...
    I think there is a need in secondary school to teach like 30 minutes per week on financial planning. This may solve a lot of issues. I only learn about financial planning in university thanks to a Professor reminding everyone that at 19, a dollar saved per month is worth a lot more than 1000 dollars saved 50 years later. I could not figured it out even with excel until the end of the class he explained that the actual act of saving is 1; the other is the realization that one don't need to spend all their earnings.

    Actually, all pension funds like to quote about how much one needs to retire and how whatever the average savings in the pension is not enough to retire on.
    What they refuse to explain is that the pension should never be the only source of income during one's silver or golden age. It is to supplement only. Save or invest elsewhere as well. Then the problem is a lot smaller than one realize. I wonder if there is a special reason why all pension funds went around scaring people but keep on talking abt lack of pension savings => just to justify increasing the minimum savings?

    If one doesn't like big brother to tell us how to eat and what to eat, why does one trust big brother to tell us how much to put in EPF?

  3. #48
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    a good option is to get your employer to contribute up to 19% and add your 11 = 30% towards a good nest. Think of the compound dividend effect of this sanctioned ponzi. Apa lagi mahu?
    in luv with bikes...in lust with AphroditeS AWAS! Suspek is an Avid procurer to myths, lies, legends, folklores, i-ching, rumors, misinformation, cakap-ayam, spɹoʍ uʍop ǝpısdn puɐ˙˙DLL .
    p/s Take all the above with a XL salted duck egg, wash down with 2fingers of sodium hypochoride, and suck on to a pebble size tmn negara Rock salt

  4. #49
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    Hi tupai… very curious on which employer contribute 19% for EPF… mind sharing?

    I always thought (and again I am too biased and maybe narrow knowledged) that banks are some of the more generous employers as in a few contribute 16% such as OCBC and SCB. I thought that was great as effectively one’s salary (and dare I say bonus as well) is 4% higher, tax free.

    Please please BN government force EPF to give our a juicy dividend for 2017 at 8.88% please…. Please… haha

  5. #50
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    The dividend announcement is normally made in February. Last year it was declared on 17 February.

    GE14 will likely be held after CNY, between end Feb and April.

    I think can expect more than 6% because churning out bad news right before GE is foolish.. but I doubt 8.88%

    I am happy with 6.88%....

  6. #51
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    i am happy with any dividend above 6%
    A compassionate heart is a clear and cool place

  7. #52
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    NOT too happy. A little sparrow told me its gonna be 5.3-5.6% only.
    Your corrupt gomen needs your 'extraordinary income' in cash.

    BUT then again...things can changed at h1s wh1ms & fanc1es...
    in luv with bikes...in lust with AphroditeS AWAS! Suspek is an Avid procurer to myths, lies, legends, folklores, i-ching, rumors, misinformation, cakap-ayam, spɹoʍ uʍop ǝpısdn puɐ˙˙DLL .
    p/s Take all the above with a XL salted duck egg, wash down with 2fingers of sodium hypochoride, and suck on to a pebble size tmn negara Rock salt

  8. #53
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    Quote Originally Posted by tupai View Post
    NOT too happy. A little sparrow told me its gonna be 5.3-5.6% only.
    Based on the announcements by EPF, the numbers so far points to be a very rosy payout. First 3 quarters cumulative return is RM 36 bio. I am guessing EPF AUM allocated to contributors is around RM 730 bio, that would come out to be 5% almost. We still have Q4.
    Election year... would our great Najib chance it?

    ps - of course it is possible for EPF to again declare keeping buffers like what Shahril did for 2016 dividend rate. That is just annoying. This is what I call robbing the current contributors to pay for future workers.

  9. #54
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    with these few days of euphoric globally and election expectations, i would think EPF dividend can only be better. if I run the government now, why would I bother to take any chance. Everything is pumped prime as is, may as well add more good news.

    8.88% pls! (just kidding... even wishful thinking need some reality check)

  10. #55
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    I hope it will be 10% for you people.

    You never know Boleh is full of surprises.

  11. #56
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    Quote Originally Posted by Naka View Post
    I hope it will be 10% for you people.
    10% !!! I don't think they have paid more than 8.5% ever...

    Ok lah.. anything more than the historical highest of 8.5%, I will dip into a frozen lake and send you a picture as proof...

  12. #57
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    Hear! Hear!

    Joke aside, the better the equity performance (in general as EPF did not fully disclose their positions) is, the higher the chances are for better dividend. Even though EPF should have snapped the position valuation based on close of last biz day of 2017, they always need to factor in slippage should they liquidate.

    Now we have 2 opposing effects. Equity in general is going up. But our USDMYR is going down (ie our ringgit strengthened).
    The third issue is bond prices, or rather interest rate curve movement. So far muted. Hopefully this continue to remain muted until after CNY! (EPF traditionally announce somewhere on mid Feb thereabout)

  13. #58
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    Quote Originally Posted by opulant View Post
    10% !!! I don't think they have paid more than 8.5% ever...

    Ok lah.. anything more than the historical highest of 8.5%, I will dip into a frozen lake and send you a picture as proof...
    Hahahaha, how can you dip into a FROZEN lake?

    Yes, I would like to see it.

  14. #59
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    Quote Originally Posted by Naka View Post
    Hahahaha, how can you dip into a FROZEN lake?.
    https://gearjunkie.com/ice-swimming-frozen-lakes

  15. #60
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    This is safer because you still can find the surface than that "Ice Lubang"

    20160907_114551
    Last edited by Naka; 05-01-2018 at 11:16 PM.

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