Twin-WOW. Self-contribution is high, EPF dividend is high. – kopiandproperty.com

Twin-WOW. Self-contribution is high, EPF dividend is high.

In my WhatsApp group of a few very successful people and speakers, this was posted. I meant the image below showing EPF dividends over many years. I think the whole Malaysia, especially all the working people already know this happy news. When analysts say it is going to be higher than 6 percent for FY 2024, I already feel that it’s going to be over 6 percent. Final result? 6.3 percent. Below is the file shared in the WhatsApp group.

EPF is safe and steady lah

EPF is safe and steady lah. It may not beat your high returns equity funds but it will definitely be better than the boring bond fund for example. So, if got some extra money, can also do self-contribution too. If we look over the past 15 years for example, the EPF’s dividends are always above Fixed Deposit which is really a good return and it is posing a challenge to the banks too. Here’s this latest news below:

Article in themalaysianreserve.com “Whopping RM13bil in voluntary ‘top-up’ by EPF members last year” The voluntary contribution for savings and “top-up” scheme for EPF members attracted some RM13 billion last year, which an official says shows the public’s confidence in keeping their money with the statutory body.

According to the official, over 1.2 million members opted to save their money in EPF instead of banks presumably because of the much higher and consistent dividend rates over the last couple of decades.

The contributions also involved 400,000 members via the i-Saraan scheme, a voluntary contribution for self-employed persons and casual workers without fixed income.

Contributors under i-Saraan will receive a special incentive of 20% up to a maximum of RM500 from the government for their total voluntary contributions. Read the full article here: Article in themalaysianreserve.com

Always aim for higher returns

Inflation is always aiming to reduce what we have. This is why we must aim to increase what we have. Investment is the next step. First step remains to push up our earnings. Have you learnt some new skills which could also earn some extra income. In the world today, doing something for someone in another country and getting paid good money is definitely easy and possible.

Just recently, my good friend’s son did some translation work for a company in China developing games for the world and earned RMB10,000 (RM6,127) which I think is good money. Find these opportunities, earn more and then only our investment could grow faster. Else, a small base will mean we need to take a much higher risk and this may cause us to lose big too.

Happy investing and congratulations EPF contributors for a good 2024 dividend.

Happy knowing and deciding.
Do not miss all the important happenings whether in property or other investments! It takes 5 seconds to sign up.
Sign up for daily investment news updates (FREE since Nov 2013 and FOREVER). 
Alternatively, Follow me on Telegram here.
Please LIKE kopiandproperty.com FB page to get daily updates about the property market beyond kopiandproperty.com articles.