oH deAr ... oH mY ...
Just only we read that Financial Advisers are telling us that the Employee's Provident Fund (EPF) http://www.kwsp.gov.my/index.php?lang=en have always been faring better than the stock market with consistent returns - saying that the EPF NEVER gives negative returns ! There you can see from the comparison chart above.
Why the notion for this justification ? It's because for year 2009 - 2010, the government have "imposed" EPF contributors (like my Mummy and Papa) to reduce their compusory contribution from 11% (for employees) to only 8% to help promote in-country spending. Many financial advisors have warned against the bad effects of this on the long-term retirement savings for individuals.
Then ... yesterday, it was reported that total investment income for EPF has dropped by 60.4% from the previous quarter to RM2.06 billion in Q3 but EPF justifies that they have positive income posted despite volatile market.
However, can someone tell me shouldn't there be something for us to be fearful of ?
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