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 Private Retirement Fund, What the hell is that??

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ironman16
post Jan 10 2021, 02:36 PM

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QUOTE(MiKE7LIM @ Jan 10 2021, 02:16 PM)
hello sifu's here ...
i just realize my contribution is higher than what i have right now. meaning my portfolio is in red now

can we select the REITs we want to invest in?
I saw mine under AMPRS-Asia Pacific REITs (Class I)
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my AM Reits oledi in green long time ago, how come u still in red..... flex.gif
ironman16
post Jan 10 2021, 02:54 PM

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QUOTE(!@#$%^ @ Jan 10 2021, 02:42 PM)
mine still red. DCA 2019.
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whistling.gif
i start 2020......i randomly DCA (means dip top, dip top n settle 3k b4 DEC) icon_idea.gif

based on the chart (2019 until 2020), NAV during March 2020 dip reset it even lower than NAV 2019.
if u still DCA in year 2020 should b loss a bit ....... hmm.gif

This post has been edited by ironman16: Jan 10 2021, 03:00 PM
ironman16
post Jan 10 2021, 03:02 PM

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QUOTE(!@#$%^ @ Jan 10 2021, 02:57 PM)
2020 was a good year to invest. drop a lot initially, but picked up year end.
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ya, totally agree but have to wait until retire baru count as profit.....now just biar aje......
this year tengah sakit wanna choose which fund to dump liao......i normally start early year n wait (if no dip just dca monthly)
ironman16
post Jan 10 2021, 03:59 PM

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QUOTE(MiKE7LIM @ Jan 10 2021, 03:19 PM)
thanks... yet to explore other platofrm
direct with AMPRS agent ... each top up deduct around RM8
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sweat.gif each top up cost RM8...........
assume u top up rm250 each time and the top up fee cost u around (8 x100/250) 3.2%...... sweat.gif
sales charge cost ?????? or the RM8 oledi include sales charge???

like this better accumulate fund n top up quarterly or semi yearly......

why dun find the 0% sales charge punya platform ?.... hmm.gif

This post has been edited by ironman16: Jan 10 2021, 04:00 PM
ironman16
post Jan 10 2021, 04:05 PM

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QUOTE(GrumpyNooby @ Jan 10 2021, 04:03 PM)
Accumulate and top up quarterly or yearly makes no difference if sales charge is 3% for Class I unless the direct agent channel has promotion.

As I said, somebody did mention that if buy or make contribution with AmInvestment channel, you pay with credit card by filling a form.
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biggrin.gif biggrin.gif biggrin.gif bro long time no see, miss u at others thread oledi..... wub.gif wub.gif wub.gif

may b bcoz can use CC to pay , that why many ppl like ..... doh.gif
ironman16
post Jan 10 2021, 06:03 PM

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QUOTE(MiKE7LIM @ Jan 10 2021, 05:12 PM)
I traced back ...My yearly 1 off contribution less than 3000.
Some 2k, 1k etc
All around RM8 for all. No other cost involve.
My payment method ,,, credit card.

I only top up this fund once a year ... Previous year working oversea ... So not really check in details what has been charged.
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Assume sales charge is 3% (+ 6% GST) n no others fee involve....( not sure got sales charge or not) sweat.gif
ur amount invest should b RM 2904.6
Now should b less than this amount bcoz of march 2020 dip..... sweat.gif

that is ur money, u must know brows.gif

## dun forgot u gonna pay PPA account opening fee (RM10) + Annual Management Fee (first year waive, subsequentlyis RM 8 yearly for the same fundhouse)

This post has been edited by ironman16: Jan 10 2021, 06:11 PM
ironman16
post Jan 10 2021, 09:20 PM

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QUOTE(MiKE7LIM @ Jan 10 2021, 09:12 PM)
There is no info on statement so i can only guess what is it
yea...last year and previous year I work oversea ...so only deposit RM1K/year via credit card.
My statement only shown deposit RM992 instead of RM1K

either they directly deduct RM8 for annual management fee?

I deal direct with AM PRS agent ...I remember they told me no other fee involved.
gonna text her and check it out
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sweat.gif
i thought u invest 3k yearly.....
if only deduct rm8 sure is annual management fee for fund house (Am Investment)

try have a look , dun simply invest .... sweat.gif

https://www.ppa.my/
https://www.fsmone.com.my/funds/get-started/prs
https://www.eunittrust.com.my/Home/Fund_PRSIntro
ironman16
post Jan 10 2021, 11:12 PM

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QUOTE(onthefly @ Jan 10 2021, 11:05 PM)
i understand that usually end of the year got promotion like fsmone rm40 tng card.

how about early/mid of the year ?
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just wait for the event..... biggrin.gif biggrin.gif

FSMOne MY What and Where to Invest 2021 - Virtual Platform + Live Stream
23 january 2021

mana tahu this year got special ma...... brows.gif
ironman16
post Jan 11 2021, 03:40 PM

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QUOTE(prescott2006 @ Jan 11 2021, 03:19 PM)
Hi, do you guys buy low sell high with your PRS fund? How does the charge work? My fund is "Principal PRS Plus Asia Pacific Ex Japan Equity - Class C"
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walao wee, kawan ingat UT ka?....... shocking.gif
anyway, if u wanna lock profit can switch to the same fund house (conservative PRS).....but i just let it until i beitahan with the performance .... whistling.gif
ironman16
post Jan 11 2021, 03:49 PM

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QUOTE(prescott2006 @ Jan 11 2021, 03:43 PM)
No lah, buy low sell high to earn more ma. tongue.gif
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switch to conservative to lock the profit, switch back when u feel ok lo
withdraw sure kena penalty like Grumpy said.... biggrin.gif biggrin.gif biggrin.gif
ironman16
post Jan 12 2021, 05:13 PM

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QUOTE(prescott2006 @ Jan 12 2021, 04:48 PM)
I thought after sold the fund, the money just go back into my account? Then I can buy back when the price is low? Just like how stock investing works right?
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u ingat itu goverment stupid mei? doh.gif so big punya loop hole kasi u free punya income tax rebate...... shocking.gif

withdraw early penalty u la, and only partially not all can be withdrw ..... brows.gif

can switch intra fund house, if different fund house charge u lagi.....

switching pun ambil masa (i x pernah cuba) ,u ask Grumpy how long lo.....he ever do it...... whistling.gif

This post has been edited by ironman16: Jan 12 2021, 05:14 PM
ironman16
post Jan 18 2021, 10:30 PM

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QUOTE(Rain88 @ Jan 18 2021, 10:11 PM)
I have an enquiry here.
I have invested into a fund via EPF i-Akaun last year for RM1500. Now, I plan to top up RM200 via i-Akaun also. However, I cannot proceed as it keeps on mentioning that this is lower than the minimum initial investment amount.
Anyone facing similar issues?

Thanks
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why u take out money from EPF and put in PRS?

can mei?
or u mean u purchase retail unit trust??? flex.gif

If u mean retail unit trust, should b minimum RM1000.
try flip2 here
https://www.kwsp.gov.my/member/investment



confused.gif confused.gif confused.gif
Can I withdraw from my EPF to contribute to the PRS?
The PRS is a supplementary form of retirement savings in addition to the EPF and is voluntary in nature. Members are not permitted by law to withdraw from EPF to contribute to the PRS.

This post has been edited by ironman16: Jan 18 2021, 10:42 PM
ironman16
post Jan 18 2021, 10:57 PM

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QUOTE(Rain88 @ Jan 18 2021, 10:49 PM)
Ops, I have misunderstood that all EPF approved funds are PRS. Thanks for highlighting this to me. 😅
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doh.gif doh.gif doh.gif

i think u wanna use epf buy retail fund, here is PRS......not same....... shocking.gif shocking.gif
ironman16
post Jan 18 2021, 11:07 PM

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QUOTE(Rain88 @ Jan 18 2021, 11:05 PM)
Thanks, now I understand.  biggrin.gif
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nvm
go this forum flip2
many info here

i learnt many thing from this forum
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ironman16
post Jan 19 2021, 12:34 PM

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QUOTE(lovingforyou @ Jan 19 2021, 12:30 PM)
The earlier post make me "doubt" myself due to i'm still new into these
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Use ur money to purchase, not from epf 😁😁😁
ironman16
post Jan 20 2021, 09:29 PM

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QUOTE(cklimm @ Jan 20 2021, 09:22 PM)
jokes aside, with the arrival of RM40 cashback, combined with tax relief and appreciation,
my Manureit is now making 8.3% of profit (RM120+40+90).

You guys who bought Principal should have done better.
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my AmPRS - Asia Pacific REITs - Class D only 4.16% since last year , dca in...... sweat.gif sweat.gif
ironman16
post Jan 21 2021, 08:22 PM

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QUOTE(ben3003 @ Jan 21 2021, 07:54 PM)
Hi, anyone know how to transfer fund out from 1 fund house to another? Plan to My current manulife prs account a and b to under fsm..
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not need so trouble ma....just let it there...
u just purchase normally at FSM....

if u wanna see overall PRS, just register account with PPA
u can see all PRS fund that u hold, no matter which fund house

https://www.prsmember.my/login/

ironman16
post Jan 22 2021, 06:16 AM

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QUOTE(DJFoo000 @ Jan 21 2021, 11:40 PM)
Hey guys, I recall there was a post consolidating the info on PRS annual investment through FSM (for purposes of 3k tax deduction), something along the lines of:
Year 1: Invest in PRS Provider 1
Year 2: Invest in any other PRS Provider aside from PRS Provider 1
Year 3: Invest in PRS Provider 1 but different fund

Doing this to avoid investing in same PRS Provider two years in a row due to annual fees applied on the 2nd consecutive year of investment.

Did I recall wrongly that this is something that is recommended to be done? Or was I thinking of something else entirely? I can't find back that post, would appreciate if someone can point me to the right post (if it exists).
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My method 😂😂😂
But somebody oso mention, if the prs fund didn't perform well, buat apa u purchase just purposely to save rm8.
Mana tahu yg u purchase n bg rm8 itu yearly kasi u 10% profit which can cover the rm8.

Rm8 just around 0.2% in ur 3k investment. 😁😁😁

Decision up to u.
Different ppl different approach.

This post has been edited by ironman16: Jan 22 2021, 06:23 AM
ironman16
post Jan 22 2021, 08:13 AM

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QUOTE(!@#$%^ @ Jan 22 2021, 08:07 AM)
got to be smart about it though. cannot randomly pick. there are a few 'star' funds that do well.
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Ya, i know, thanks for the advice.
I do flip2 first baru buy punya.
Tengah sakit this year wanna go which prs liao, no choice just lantak affin lo, pay rm8 aje
ironman16
post Jan 22 2021, 08:24 AM

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QUOTE(GrumpyNooby @ Jan 22 2021, 08:16 AM)
Which Affin will be that be?
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If no choice i will go with growth, so that difference with my moderate in geographical allocation.
## bro, bila mahu balik rumah? 😏😏😏

This post has been edited by ironman16: Jan 22 2021, 08:24 AM

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