Even EPF loses money in stock market, that’s still not a very serious problem in short term, after all 26% out of 370 Billions is only RM96.2 Billions, besides, EPF has waves of recurring income in hundreds of millions ringgit every month. In the event of EPF making losses, the likely potential problem for EPF to tackle is paying out to the retirees who demands for withdrawal. They can easily solve this by paying these retirees with the recurring incomes, given the total amount of withdrawal does not exceed the total contribution overall for a period of [...]
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For those who don’t know how anything about investment such as stock, bond, or property must have least idea that they have already invested, in not just one, but few of the asset classes. Yes, I’m talking about EPF the Malaysian Employees Provident Fund. Whoever have a job or working for a company contribute part of their monthly income to EPF. However, not many knows what exactly the EPF fund manager does to the money, or at least not very clear. [...] In my previous article Learn the First Important Steps to Achieve Financial Freedom, i wrote about financial stability, financial security and financial freedom. Most of the calculation formula is base on cash flow and income, it did not present the technique for one to measure how success are you or the financial position you are in for a particular time. Calculating net worth on the other hand, provide you a snap shot of how well (or bad), you have been doing, in financial statement counterpart, it’s like the balance sheet of our financial except net worth is more like a score. [...] |
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