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Is it wise to take money from EPF and invest in Stock Market?

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On of the email query from a client, "Since EPF (Employee Penson Fund, or know as KWSP) only gave us about 5%+ dividend per year, is it wise to take out some money and invest into stock market?" I told him, if you can consistently earn more than 25% of return in stock market, why not? He seem quite happy with it and think that he may do better than EPF. Few years ago, I have the similar thinking as well when an agent approached me to withdraw EPF fund and invest into stock market. Initially, I followed his advice, withdraw the money every 6 months, invest in stock market and just ignore about market cycle. After 2 to 3 years, I noticed something very important, which the agent not really telling the whole story, it's the charges that eat up the profit. Very first time, when we withdraw fund from EPF, the company will deduct 2%, the withdrawal of RM10,000, end up only RM9,800 in your investment account. Also, on quarterly basic, they will charge custodian fee, custodia