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Private Retirement Fund, What the hell is that??
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SUSsupersound
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 Jun 24 2015, 03:48 PM
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QUOTE(knight @ Jun 24 2015, 11:46 AM) PRS is legalized by Government but manage my others. To me, I feel it's like a UT which legalized by government with some kind of guaranteed performance. We can't tell if it's guaranteed coz even UT we don't invest long also coz the price may fall anytime and u get nothing back. Another part I don't like about PRS is the management fee by PPA but as long my providor is performing well then it's ok. But will that continue performing well after years to come is a question. That's why you need to understand what is ponzi scheme  |
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wil-i-am
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Jun 24 2015, 04:42 PM
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QUOTE(supersound @ Jun 24 2015, 03:48 PM) That's why you need to understand what is ponzi scheme Bro, did u top up RM60k pa with EPF being voluntary contribution? |
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SUSsupersound
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Jun 24 2015, 05:09 PM
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QUOTE(wil-i-am @ Jun 24 2015, 04:42 PM) Bro, did u top up RM60k pa with EPF being voluntary contribution? Nope, but extra are dump in to ASW2020  Some of the money are lend to friends and gaining interest from there. |
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sms2u
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Jun 26 2015, 10:47 AM
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QUOTE(wil-i-am @ Jun 23 2015, 11:22 AM) He/she just want to capitalize on opportunity cost Purchase PRS unit trust on dec is just 1 way to capitalize the cost. But, he.she must ensure use the RM3000 to gain more. Example, if he/she put the RM3000 in a normal CASA which did not earn much interestm no able to capitalize the cost Other to consider purchase PRS unit trust when price is lower. |
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xuzen
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Jun 26 2015, 11:28 AM
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QUOTE(sms2u @ Jun 26 2015, 10:47 AM) Purchase PRS unit trust on dec is just 1 way to capitalize the cost. But, he.she must ensure use the RM3000 to gain more. Example, if he/she put the RM3000 in a normal CASA which did not earn much interestm no able to capitalize the cost Other to consider purchase PRS unit trust when price is lower. For PRS no need to nit-picking / split hair / time the market / or do asset allocation lar... Just put a standing instruction to your bank to auto-debit RM 250.00/mth into PRS and tutup mata. (RM 250.00 x 12 = RM 3,000.00) The tax savings already win all liao. Xuzen |
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sms2u
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Jun 26 2015, 11:31 AM
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QUOTE(xuzen @ Jun 26 2015, 11:28 AM) For PRS no need to nit-picking / split hair / time the market / or do asset allocation lar... Just put a standing instruction to your bank to auto-debit RM 250.00/mth into PRS and tutup mata. (RM 250.00 x 12 = RM 3,000.00) The tax savings already win all liao. Xuzen Cannot tutup mata, if CASA money, it will unable to top up PRS, need to check to ensure lar |
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xuzen
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Jun 26 2015, 02:41 PM
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QUOTE(sms2u @ Jun 26 2015, 11:31 AM) Cannot tutup mata, if CASA money, it will unable to top up PRS, need to check to ensure lar If RM 250.00 also don't have in your CASA... you really pok-kai fellar! Go back to Money Management Basic 101 before proceeding to Investing Basic 101! Xuzen |
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sms2u
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Jun 26 2015, 02:53 PM
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QUOTE(xuzen @ Jun 26 2015, 02:41 PM) If RM 250.00 also don't have in your CASA... you really pok-kai fellar! Go back to Money Management Basic 101 before proceeding to Investing Basic 101! Xuzen Why must put money in CASA which did not give much interest / return? U cannot advise other lar, You really better and must go to study Money Management Basic 001. |
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xuzen
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Jun 26 2015, 02:56 PM
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QUOTE(sms2u @ Jun 26 2015, 02:53 PM) Why must put money in CASA which did not give much interest / return? U cannot advise other lar, You really better and must go to study Money Management Basic 001.  Xuzen merajuk... tak nak fren you anymore. My point was CASA is the most basic banking service and the first banking instrument for transaction and / or remittance of money, if RM 250.00 pun tadak...   |
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wongmunkeong
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Jun 26 2015, 04:11 PM
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Barista FIRE
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QUOTE(xuzen @ Jun 26 2015, 02:56 PM) come come, dont merajuk uncle play CashFlow 101 & 202 (Lobak KeyOhSaki game) with U ar.. easy to learn that CASA still needed and a solid base to start all other financial freedom movements. |
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nexona88
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Jul 1 2015, 01:14 PM
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Affin Hwang Asset Management launches new PRS fund QUOTE The Affin Hwang Aiiman PRS Shariah Moderate Fund is to cater to the rising demand for syariah-compliant funds and retirement planning http://www.thestar.com.my/Business/Busines...fund/?style=biz |
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jslim18
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Jul 4 2015, 10:12 PM
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Getting Started
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The path is yours. It is either you pay TAX to the government since your have taxable income or just choose to park some MYR3000 with either one of PRS providers and take it out after you retire at 55 year old. Similar to whether is it better own a house or to rent a house concept.
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knight
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Jul 8 2015, 10:55 PM
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I had just done my PRS for the second year RM3000 limit for tax deduction. This time with different bank and I feel so doubt about if I'm doing the right thing. Why??
1. PRS is like Long term (until 55years old) Unit Trust.
2. Non-guaranteed gain. Unlike KWSP. Feel like Government push out their resources and gain from somewhere else.
3. Only Aggressive fund are at least more than our current fixD rate return. Other is like so little. Even if I get the better deal from CIMB I still doubt how good it will grow in the next 10 years.
Anything feel the same as I do?
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SUSDavid83
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Jul 8 2015, 10:58 PM
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QUOTE(knight @ Jul 8 2015, 10:55 PM) I had just done my PRS for the second year RM3000 limit for tax deduction. This time with different bank and I feel so doubt about if I'm doing the right thing. Why?? 1. PRS is like Long term (until 55years old) Unit Trust. 2. Non-guaranteed gain. Unlike KWSP. Feel like Government push out their resources and gain from somewhere else. 3. Only Aggressive fund are at least more than our current fixD rate return. Other is like so little. Even if I get the better deal from CIMB I still doubt how good it will grow in the next 10 years. Anything feel the same as I do? So you feel regretted? |
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knight
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Jul 8 2015, 11:14 PM
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QUOTE(David83 @ Jul 8 2015, 10:58 PM) Regretted? I don't know. I will only know when I retired. Just feel doubt. |
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felixmask
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Jul 9 2015, 09:38 AM
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QUOTE(wongmunkeong @ Jun 26 2015, 04:11 PM) come come, dont merajuk uncle play CashFlow 101 & 202 (Lobak KeyOhSaki game) with U ar.. easy to learn that CASA still needed and a solid base to start all other financial freedom movements. i also want to play  |
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aliluya
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Jul 20 2015, 11:23 AM
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Getting Started
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i'm looking forward to put my money in to PRS RM3000, which PRS is recommended in term of high returning? HLB PRS is approved by LHDN? they mention 10.28% return on the PRS ?
noob in PRS, cna someone shed the light plz..thank you.
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wil-i-am
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Jul 20 2015, 11:32 AM
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QUOTE(aliluya @ Jul 20 2015, 11:23 AM) i'm looking forward to put my money in to PRS RM3000, which PRS is recommended in term of high returning? HLB PRS is approved by LHDN? they mention 10.28% return on the PRS ? noob in PRS, cna someone shed the light plz..thank you. Cliq tis http://gllt.morningstar.com/e6qvxuu98r/fun...B&tab=ShortTerm |
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T231H
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Jul 20 2015, 11:47 AM
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QUOTE(aliluya @ Jul 20 2015, 11:23 AM) i'm looking forward to put my money in to PRS RM3000, which PRS is recommended in term of high returning? HLB PRS is approved by LHDN? they mention 10.28% return on the PRS ? noob in PRS, cna someone shed the light plz..thank you. lists of approved prs providers http://www.ppa.my/prs/about-prs/prs-providers/http://www.sc.com.my/list-of-prs-providers/ |
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aliluya
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Jul 21 2015, 01:25 PM
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Getting Started
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QUOTE(wil-i-am @ Jul 20 2015, 11:32 AM) thank you for your information  |
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