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KWSP Malaysia for Monthly Housing Loan Payment [ March 13th, 2010 ] | 138 views | Leave a Comment

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I heard a lot of forumer keep on discussing about this issue recently - KWSP steal citizen money! KWSP allow monthly withdrawal from EPF account 2 for the monthly housing loan repayment. But, from their discussion, some of them said that the withdrawal plan is actually a SCAM! I am sure you will feel keen to know more on this issue, right? Let me share with you what I’ve heard:

We take an assumption here:

If you have RM50,000 in your EPF account 2 and your monthly housing loan’s installment is RM1000/month. KWSP will approve your application of withdrawal from your EPF account 2 of RM50,000 and pay you RM1000/month for the next 50 months.

The only thing that KWSP did not inform us in detail is that when the application was approved, will the total amount RM50,000 is removed from EPF account 2? In the other words, it appears to be transferred to an unknown account to effect the monthly payment?

Public Mutual Fund Still No.1 In Malaysia Unit Trust Industry

As reported past few months, Public Mutual still maintains no.1 position in Malaysia’s Unit Trust industry. As you can see, this is a strong and stable company for investors during current market conditions.

My friends have been Public Mutual Fund agents for quite some time ago and I support them and invest in the unit trust until now. Of course, it will probably take some time before I get to see the results. So do you invest in unit trust? How’s the performance of your mutual fund?

My Latest Investment Date: 8th May 2009

Top Up Funds:
Public Asean Dividend Fund (well perform, highest NAV price was RM0.29, recommended to invest) – 1k.

Public Euro Pacific Fund (less performing) –1k

Public China Ittikal Fund – 1k.

Generally, the return on investment for mutual fund is higher than bank fixed deposit. However, mutual fund stands the risk of losing money whereas for fixed deposit 100% safe since it is capital guaranteed.

The return on investment more or less should be about the same, or maybe a little bit more if you invest in public mutual. Besides, you can buy and sell your unit at any time, so you have more control to buy units when the price is lower and sell them back when the price is higher. However, I suggest you don’t do so as it is a long-term investment and the fact that they charge you administration fee every time you top up or invest new unit trust.

New Way To Invest Public Mutual Fund With EPF