i recently open prs account
and i have deposited rm1k exactly a week ago
however until today its not reflected in my account statement
i think i have waited reasonable amount of time before asking this question,
where the fuck is the money?
i deposited the money through ppa/prs website
the fund manage is cimb

Last week election. It takes at least four days for the money to appear.

Not to mention if you open and buy at the same time, it takes longer time as they need to open account, then only can buy.

This post has been edited by Ramjade: May 14 2018, 08:52 PM

Some people here have waited for almost a year, and some even deposit 3k into the PRS. Theres no absolute need to use the word F for 1k and waiting just a week.

I emailed them to ask about the incentive as well, this is what they replied:

Dear PRS Member,

In regards to your enquiry, at the current juncture, we are waiting for the relevant parties for further information on the PRS Youth Incentive pay-out timeline.

We hope the above clarifies and should you require further assistance, kindly contact us at 1-300-131-772 between 8:30 am to 5:30 pm, Monday to Friday (except Public Holidays) or you can e-mail us at askPPA@ppa.my

Thank you.

Yours sincerely,

PPA

thanks for the latest input....
mind to share the date of their email response?

most probably the allocated budget had been depleted, previously was in April,..now is already mid May...

bump for update too, still patiently waiting for my incentive

I know prs got tax rebate. But do u guys know how much does one have to earn to pay for income tax?

check the lyn income tax threads would be a good start and place to seek more?
or
http://www.hasil.gov.my/bt_goindex.php?bt_...sequ=2&bt_lgv=2

This post has been edited by MUM: May 23 2018, 06:05 AM

The reasons for applying PRS fund:
_Tax rebate
_1k pump by gov for the 1k pump by self
_fund performing better or almost to epf

Please correct me if I am wrong. Thank you

and some people join PRS to supplement the retirement savings doing thru EPF.

any suggestion on the PRS fund?Looking for one mainly for the above reasons Only.

some are using PRS to supplement their DIY port.
thus they would buy the type of PRS funds that could supplement their DIY port
not knowing your risk and expectation and etc, etc....

can try using the FSM Funds Info/Fund selector/click PRS Providers only/
see their historical returns...if that is what your wanted
see their consistency of returns....if that is what you wanted
see their 3 yrs volatility %...if that is what you wanted.

https://www.fundsupermart.com.my/main/fundi...erateTable.svdo

(note: this FSM funds info does not have public mutual PRS funds info....you need to get them from PM site for a more holistic info)

This post has been edited by yklooi: May 23 2018, 11:08 AM

This what I found, AMPRS - TACTICAL BOND FUND - CLASS D. Consistent historical return, 3 years annualised higher more than 6%, 3yrs volatility less than half, lower annual expense ratio.

https://www.fundsupermart.com.my/main/fundi...lass-D-MYAMPRST

Is it the same as AMTACTICAL BOND - CLASS B (MYR), https://www.fundsupermart.com.my/main/fundi...lnumber=MYAMTTB? Because the top holding for AMPRS - TACTICAL BOND FUND - CLASS D is AMTACTICAL BOND. The CLASS differentiate the asset class right?

My personal opinion is it needs to tank for long-term since its a retirement plan, the condition seems to suit but another side of thinking, since I am young, I should take a higher risk like CIMB-PRINCIPAL PRS PLUS ASIA PACIFIC EX JAPAN EQUITY - CLASS C?

https://www.fundsupermart.com.my/main/fundi...ass-C-MYCPPRS5C

Any comment?

as Sui Jau mentioned....
".......as you invest with affordable money, you will see how markets and such affect your returns and you will be able to learn from your experiences without suffering too much heartache compared to if you placed your entire life savings into the market and lose half of it in a market crash. The key thing is you have to accumulate investing experience. No amount of prior reading up and accumulating of knowledge can compare with actual investing experience which can only be built up by using your own money to invest. You have to experience the emotional pull that comes from market ups and downs and learn how to handle your emotions during those times. And learning from mistakes made is the greatest teacher."

https://secure.fundsupermart.com/main/resea...SJBlog_20141031

This post has been edited by yklooi: May 25 2018, 12:36 AM

Rebump for update too lol.. Got a bit worries coz these incentive thing by previous gomen

i have received same reply from PPA yesterday..
my email was sent out at 3rd May 2018.

"In regards to your enquiry, at the current juncture, we are waiting for the relevant parties for further information on the PRS Youth Incentive pay-out timeline.

Should you require further assistance, kindly contact us at 1-300-131-772 between 8:30 am to 5:30 pm, Monday to Friday (except Public Holidays) or you can e-mail us at askPPA@ppa.my"


who is the relevant parties....... government? or fund manager ...

Noted and thank you very much for the advice.
My take personally, will put Rm1k in the safer route first and monitor it yearly for now.

Can't open the link though however, the excerpt is good enough!

try this....
https://secure.fundsupermart.com/main/resea...SJBlog_20141031

Wow. Thanks for the prompt reply!

I wonder what happened to the rm1k gov bonus for rm1k deposit
As gov has changed
Hmm