6.35% dividend for EPF!

Can you believe it? The Malaysian govt has announced a payout of 6.35% dividend for their national savings scheme. And this is flat rate for all. How could the Malaysian govt pay such a high dividend? There must be a mistake. Or they must be announcing high dividends but they come out with new regulations so that their EPF members can feel rich but money no touch, cannot witdraw. Or they may benefit for high oil and commodity prices so can afford to pay high dividends. This cannot be true right?

No, the Malaysians simply did very well in their investments, earning RM35 billion in the process. And their investments in equities brought in RM19.5 billion. Holy cow, how could they do it? They must have been employing world class fund managers to make such money to pay out such high dividends.

I can’t believe our world class fund managers paid world class salaries could not do better. Maybe we just need to wait a while longer for them to make the announcements. Our fund managers must be many times better than the Malaysians. If they cannot do better, maybe we should go over and employ the whole Malaysian team to replace what we have. And they are definitely cheaper and more productive.

I am very envious of their ability to make so much money and hoping and hoping that our world class fund managers with world class pay could do better. I have high hopes, very fat hopes.


Anonymous said...

Please lah, in Malaysia even bank deposits also pay much higher.

And for the price of a Sinkie 3rm HDB pigeonhole, you can even get a bungalow in Malaysia!

U can also stretch your Sinkie $ by shopping in JB as reported even by Sinkie MSM.

Like that how to even compare their EPF and Sinkie CPF, you tell me lah?

Anonymous said...

Tiok. In Malaysia, bank deposit interest is at least 2% higher than Sinkieland.

Anonymous said...

RB, I think you make an invalid comparison lar. It's not that our world class fund manager not doing better, in fact they have done much better with GiC earning 7% and temasek 17%. So you tell me lar who is better. But the diff is that they choose to pay you only 2.5% lar. so invalid comparison Tio Bo?

Chua Chin Leng aka redbean said...

My most immediate concern is the 6.35% compares to our 2.5% and 4%.

You mean our funds are still making 7% and 17%? The Malaysian figures are their latest.

Anonymous said...

Have we Sinkies ever received dividends from the CPF Board? Just checking. I'm still relatively young. All I know everytime my CPF kena cut by DPS and all sorts of insurances, etc.

Chua Chin Leng aka redbean said...

We are paid interests at 2.5% an 4%, more or less fixed rates. They are paid dividends according to how the funds performed if I am not wrong.

Our CPF funds are mainly used to buy govt bonds at fixed returns, I think. It is the SWFs that are investing They claimed they are not using CPF funds and thus not directly accountable to CPF.

Anonymous said...

RB, in fact our world class fund manger is doing even better then the Malaysian. 7 and 17% are since inception ok. If using best year sometimes they make more then 20% but again this has nothing to do with sinkies as cpf only pay 2.5%, Tio Bo? So stop dreaming that they will pay you more lar.

Anonymous said...

RB, technically gic and temasek never took money from cpf. Only the government took the few hundred billions from cpf by issuing the bonds. The government can then give the money to them to invest so technically they got the money from the govt not from cpf.

b said...

Its all LKY fault that we are kicked out by msia. Its all his fault that we do not have enough land and other resources. Its all his fault that we have to live in 99 yo rental flats and can only afford public transport and not enough funds for retirement for paying such pathetic returns on cpf. LKY and his party is a curse for sinkies. He bought us nothing but social woes. He needs to be weeded out.

Anonymous said...

Aiya, banks can even earn 10 to 20% by investing their deposits but paying depositors only 1% interest or less what. So?

If banks can, why CPF cannot, you tell me lah?

OK lah, unlike banks, CPF money is forced to put there but at least higher than bank interest, tio bo?

If don't like to be forced and cannot use, then have more money in the bank and free to use lah. That's exactly what smart SInkies do.

Anonymous said...

Vote out the PAP government.
Bunch of useless cock-suckers.
Sucking whose cock?
You know lah!
The old man's shrivelled up cock.

Anonymous said...

Malaysia Boleh!

Anonymous said...

Keep sucking his cock!
LKY still boleh!

Anonymous said...

CPF funds are used to buy government bonds so Sinkies should be happy with the interests accrued.

Sinkies do not own the SWFs. GIC and Temasek is there to make money for the famiLEE, so please don't salivate and hope for big dividend payout.

Anonymous said...

Give us back our CPF money.
Or we vote you out.

Actually hor.
Let's vote out the pigs because it really is time to change the furniture.
Out with the old & soon-to-be-dead.
And in with the new!

Virgo 49 said...

Mr RB, want to have 6.25 to 7%??

No worry, today can check election register Liao.

LHL hinted a third PM Lee. Second son coming back to be the third PM Lee with. Ho Ching as the Empress Dowager

These two talents will give you 7% and above dividends fir your CPF.

Snap elections in July this year.

Anonymous said...

Talents are like having good genes. And the good genes are in the family. So it is only natural to have hereditary posts.

Ⓜatilah $ingapura⚠️ said...

redbean, dun get too impressed lah.

EPF or CPF, a Ponzi scheme is a ponzi scheme. Savvy operators know that to enhance the "euphoria" of their marks, it is good strategy to pay out high returns to your "investors".

Bernie Madoff did it like a boss. He paid out so much "dividends" to his investors, that they became willing word-of-mouth marketers for his (Madoff's) "services".

Whenever govt gets hold of money by force of law, be careful. Sooner or later there's going to be a "catch".

Allow your mind to ponder and wonder given this fact about Malaysia's finances

Anonymous said...

Malaysia got petrol dollars to boot. The money simply oozes out from the earth.

Of course lah, cannot compete with the money we made selling our land.

Anonymous said...

Sinkieland is better. The Government made money out of thin air. They just collect - COE, HDB, human levies, CPF. Hell, they even hold on to your coffin money.