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 Private Retirement Fund, What the hell is that??

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GrumpyNooby
post Nov 12 2020, 06:04 PM

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QUOTE(tehoice @ Nov 12 2020, 06:01 PM)
is this confirmed already?
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It's in Budget 2021.
GrumpyNooby
post Nov 12 2020, 06:55 PM

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GrumpyNooby
post Nov 13 2020, 09:59 AM

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QUOTE(!@#$%^ @ Nov 13 2020, 09:56 AM)
has the budget been passed in parliament?
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Once gazetted it'll be under enforcement.
SSPN and PRS tax relives extension are not under the politicking items.
Passed or not passed they won't be excluded.
Even though not passed, these two items won't be under fine-tuned nor reviewed items list.
GrumpyNooby
post Nov 13 2020, 10:05 AM

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QUOTE(Ramjade @ Nov 13 2020, 10:01 AM)
I just wished they would allow those robo to be included for  PRS.
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Which robo advisor has PRS funds?
GrumpyNooby
post Nov 13 2020, 10:23 AM

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QUOTE(polarzbearz @ Nov 13 2020, 10:22 AM)
Or worse some funds have double layered management fees cry.gif
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I thought feeder funds don't have double layered management fee (MER). hmm.gif
GrumpyNooby
post Nov 13 2020, 10:31 AM

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QUOTE(polarzbearz @ Nov 13 2020, 10:29 AM)
My interpretation is that for example if I have $100 with PRS, 1.5% pa fees, 90% invested in master fund ($1.5 fees)

Of the $90 invested in master fund, with 2% pa fees = $1.8 fees

Total fees = 1.8 + 1.5 = 3.3

Not like this meh? hmm.gif
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Not sure about PRS but this has been discussed before in FSM thread on usual feeder funds.

Example like TA Global Tech feeds into Janus Henderson Horizon Fund - Global Technology Fund ("the Target Fund").

Shouldn't the same analogy being employed too? hmm.gif
GrumpyNooby
post Nov 13 2020, 01:15 PM

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QUOTE(ironman16 @ Nov 13 2020, 01:14 PM)
emmm.......not suitable, better buy with she.....chances big a bit ... thumbup.gif
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Conflicting with code of conduct or standard of business conduct whistling.gif
GrumpyNooby
post Nov 14 2020, 07:55 PM

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QUOTE(ironman16 @ Nov 14 2020, 05:15 PM)
Besides annualised return, i think must consider oso calendar year return
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Calendar year return is not so accurate right?
If that year is slump year, you may have negative return.
GrumpyNooby
post Nov 16 2020, 07:25 AM

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QUOTE(CALexChai @ Nov 16 2020, 07:22 AM)
Hi all sifu, can I buy Principal Asset PRS fund thru FSM without PPA account? I do noticed that we can buy without submitting any form at FSM mobile webpage for this fund house. But I'm confuse whether can this be done if I didn't open any account at PPA.
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I believe the process should include opening a PPA account for you too (if you don't have PPA account yet).

https://www.fsmone.com.my/funds/research/ar...=11419&isRcms=N

Better clarify with FSM CS.

This post has been edited by GrumpyNooby: Nov 16 2020, 07:29 AM
GrumpyNooby
post Nov 16 2020, 09:18 AM

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QUOTE(shaunkL @ Nov 16 2020, 09:17 AM)
Hi All,
in the PPA website my account only shown can top up from existing account Public Bank Fund only.

May I know if I would like to buy other bank Fund such as Affin Fund, how to buy through website?
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PM PRS is only exclusive for their PRS funds only.
If you want to buy other PRS funds from other PRS providers, either you buy from other platforms like FSM or eUT or buy directly from Affin Hwang.
GrumpyNooby
post Nov 16 2020, 09:57 AM

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QUOTE(low yat 82 @ Nov 16 2020, 09:53 AM)
To add other prs afaik, u need fill in a bunch of documents then onli it appears. If i remember clearly, if register through fsm all d form is in there d.

Like mine ppa,  can onli add prs affin hwang moderate as i onli own this. [attachmentid=10686298]
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PPA website only allows top up for existing holdings.
If you want to buy a new fund from other PRS providers, you need to repeat the process of buying a new fund from the desired PRS provider.
Platform like FSM and eUT can assist on this if you buy through them.

This post has been edited by GrumpyNooby: Nov 16 2020, 10:00 AM
GrumpyNooby
post Nov 16 2020, 10:25 AM

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QUOTE(maskcooler @ Nov 16 2020, 10:24 AM)
Affin Hwang PRS Moderate Fund is this fund good to invest? recommend by the PRS specialist
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Affin Hwang PRS Growth Fund gives higher return but more volatile.
GrumpyNooby
post Nov 16 2020, 10:40 AM

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QUOTE(cklimm @ Nov 16 2020, 10:38 AM)
I have it, and it works okay
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Which one you got? Affin Hwang PRS Moderate Fund or Affin Hwang PRS Growth Fund?

This post has been edited by GrumpyNooby: Nov 16 2020, 10:48 AM
GrumpyNooby
post Nov 16 2020, 01:57 PM

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QUOTE(shaunkL @ Nov 16 2020, 01:54 PM)
Okay, that mean I need to buy from the PRS service provider directly, after that only will show at PPA.
Ya mine one exactly same as yours, only can top up for 1 bank only.
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Yes either directly from PRS provider or those distributor online channel like FSM or eUT.
GrumpyNooby
post Nov 16 2020, 03:36 PM

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QUOTE(cklimm @ Nov 16 2020, 03:34 PM)
Affin moderate is good, Kenanga is better;
but PB Mutual surprises me, for its sudden spike after years of underperformance

[attachmentid=10686630]

[attachmentid=10686631]
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Shouldn't one be wary if the fund doesn't perform consistently? hmm.gif

This post has been edited by GrumpyNooby: Nov 16 2020, 03:37 PM
GrumpyNooby
post Nov 17 2020, 11:48 AM

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QUOTE(RoofTopPrince @ Nov 17 2020, 11:43 AM)
Just bought my first PRS with Affin Hwang Growth Fund... any advise for next steps? May I know how do I login after I bought my the PRS?
https://www.ppa.my/
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Perform first time login at: https://www.prsmember.my/first-time-login/
GrumpyNooby
post Nov 17 2020, 01:23 PM

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QUOTE(RoofTopPrince @ Nov 17 2020, 01:22 PM)
Where do I get the PPA ID?
I have buy and provide my IC through here https://prsenrolment.ppa.my/ maybe need to open account?
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PPA ID is PPA<NRIC number>
GrumpyNooby
post Nov 17 2020, 01:59 PM

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QUOTE(RoofTopPrince @ Nov 17 2020, 01:58 PM)
FSM charges 1.5% quite high and PPA only charge us RM0.50
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For PRS funds, there's no sales charge (0%) if you buy from FSM or eUT.
GrumpyNooby
post Nov 17 2020, 03:21 PM

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QUOTE(cklimm @ Nov 17 2020, 03:18 PM)
Ironman, I will like to ask about that Manulife PRS APAC Reit ,
which is not available on FSM; 3% sales charge from Manulife itself; and eUT straight away ignore my email.
Is this buyable from PPA, if so, how much the sales charge?
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PPA only allows top up.
PPA allows buying new PRS fund for new account opening.
GrumpyNooby
post Nov 18 2020, 09:24 AM

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QUOTE(Ramjade @ Nov 18 2020, 09:19 AM)
As long as you don't topup you don't pay RM8.00. That's why I said just pay the damn RM8.00

Why only stick with tax relief? For me I want both. Tax relief and have better returns than EPF. Have my cake and eat it at the same time.
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He wants more than both: tax relief, better returns than EPF and low/no fee.

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