No.

no

Anyone have view on AmPRS Islamic Equity Fund? Seems to have good performance so far.



This post has been edited by wan_109: Jan 19 2017, 08:37 PM

fund.

Quick quick go cari CIMB ones.....CIMB - Principle PRS Plus Asia Pacific Ex Japan Equity Fund - Class C aka Ponzi 2.0's clone.

Xuzen

This would have eaten into the value of the investment, right? So technically if the annual return is 2%, then the actual return would be lesser. Is my understanding correct? Plus, the fees and charges would be incurred, whether or not the investment is making +return.

So technically if the annual return is 2%, then the actual return would be lesser. Is my understanding correct?
NO...your understanding is wrong...
if the annual return is 2%...you get 2% returns
the mgmt fees and other fees are already reflected in the NAVs....and these NAVs is where you had take to make calculation to determine the gain/loss

on this "Plus, the fees and charges would be incurred, whether or not the investment is making +return."
YES.
you need to pay for the expenses for the operation/mgmt. of your investment.



This post has been edited by T231H: Jan 20 2017, 09:58 PM

My Ponzi 2.0 clone doing very well lol 31% return since October 2014 so I asked my dad to put some money into Ponzi 2.0 clone mother fund(CIMB Principal Asia Pac Dynamic) since his Kidsave drop until cannot see. doing pretty well also 3% in 3 months!

This 1 buy from FSM can claim income tax? How to proof when get audit?

You'll get annual statement from CIMB Principal and PPA.

Happy Happy rite?

Keep the receipt of purchase. This one, shueh shueh / mati - mati also can claim!

Xuzen

Ya ya happy I'm sure yours is very good also

finally it's official !

wait for PRS promotion then do 2nd placement!

PRS got promotion period? Whats the deal last time?

just some free gift

would like to know how exactly this prs works, read through all the details at the website but still dont get a clear picture of it. Let say i wish to get the 1k incentive, does that mean i have to pay 1k, one time off, then after few months i can get back the money together with the interest? And is this consider high risk investment which there is chance that i might lose my invested amount of money?

1) similar to epf, once money in, money split into account A and B, you can only take the money out under certain condition

Both account cannot withdraw money from account A, except epf where you can withdraw under certain limit for external investment

Difference is that epf, you need specific reason to withdraw from account B, whereas PRS, you can withdraw money from account B with tax penalty 8%

2) you no need to go one shot 1k for the incentive, as long as when the incentive program runs, your prs account have not reach 1k, and during the program period, your prs account reach 1k, then you are qualified for the 1k incentive into the prs account

PRS is practically buying a UT and keep it until retirement age. You cannot touch the money until you are retired. Yes. One time only. THe RM1k incentive will be given to you once you are at 55 years old. Once money is put in, you can see the money but cannot touch it until you are 55 years old. If you withdraw early, I believed there is hefty fines.

You won't lose 100% of the money. Because over 30+ years takkan the market stay down forever meh? Also, it depend on which fund are you buying. If you choose the wrong one, you will get about FD rates (which is bad). Choose the right one and you can get ~5-10% pa.

The RM1k is just one part of the story. Until 2021, if one put max RM3k inside there/year, one can get RM3k worth of income tax relef.

This post has been edited by Ramjade: Jan 22 2017, 05:20 PM

eh the incentive will be given to your prs accouont when you hit 1k investment inside the fund, not until you 55 yrs old la

But you cannot remove that RM1k right?