Saturday, August 11, 2007

EPF Monies : What To Do?

Met with my unit trust agent yesterday.  He laid out columns of numbers and umpteen charts in front of me.  Basically what he was showing me was a 7.8% appreciation in my investment made just a month ago.  That means, if I cash out the unit trusts and return the $ to EPF, I will get 7.8% extra.  Minus management fees, of course.

Pretty good numbers, huh?  For just one month's 'work'.  But of course the bull's running in the market now. 

That made me think.  So many people are just letting their money sit in EPF when they could invest in other vehicles.  Of course they need to do their research properly.  Not all unit trusts do well.  But LIPPER and Standard & Poor are pretty good guides.  And I'll always go for Public Mutual and MAAKL.  Or wherever the three wunderkind Cheah, Wong and Sito go.

People always say,"But there's a risk in unit trusts...EPF is risk-free!"  Sure, there's always a risk in whatever venture you undertake.  The question they need to ponder is ..IS THE EPF TRULY RISK-FREE??

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