Nope Au Contraire It Proves You Did Not Know How To Invest
This is from Free Malaysia Today here
PJ : Najib said his pledge to invest in US saw opposition criticising harshlyclaims to be vindicated by fairly high EPF dividends in 2018 / 2019last year expected to equal ASB's 4.45% or even higher
EPF reaped benefits by investing abroad I pushed EPF to invest in US, which made handsome returnsI was attacked by opposition. I was even called stupidNajib said investment strategy was two-prongedEPF getting good returns while Malaysia not slapped with tariffs by US He said EPF indeed managed better returns, despite downturn in 2018 / 2019Najib said his good relations with US helped prevent trade sanctions we managed to convince US not to block our exports by imposing tariffssadly PH and PN did not nurture good relationship with US we were classified trade cheat in May 2019Najib said glove makers, FGV, Sime Darby faced trade restrictions by the US
OSTB : ASB declared the lowest dividend in its history. So Najib wants to sit at the bottom with ASB. Typical jaguh kampong mentality. He compares himself to the lowest dividends declared by ASB.
Even the poorest performing unit trusts in Malaysia are doing much better.
There is no evidence that EPF invested any more or less in the US after Najib met Trump in 2017. EPF has invested abroad for many years now. About 30% of EPF investments are overseas. This is from before Najib met Trump in 2017.
Sarawak Report points out that Najib told Trump he would buy Boeing airplanes. But nothing of the sort happened either.
The latest sanctions by the US against Malaysian companies are for reasons that began during Najib's time. The country has inherited his bad management of the economy.
The forced labour and illegal foreign labour is now an issue with the US and the West. Hence the sanctions. Illegal workers were swamping the country under Najib. His Minister of Home Affairs wanted to bring in 1.5 million Bangladeshi workers. The mass graves of illegal immigrants in Wang Kelian all happened during his time. Najib screwed up the country even worse.
Even more stupid is Najib telling EPF to invest overseas. He was declaring to the world that he had no confidence in our own economy. Without thinking Najib said "Take your money and go invest in other countries".
How stupid can this fellow get ? So what kind of idiot was managing the country that our economy could not generate sufficient returns?
Instead of investing in your own country you asked the EPF to go and invest overseas? And where exactly? To make "America Great Again"? It only confirms that you were a stupid person running around the PM's office.
The views expressed are those of the writer and do not necessarily reflect those of MMKtT.
By Syed Akbar Ali
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