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Private Retirement Fund, What the hell is that??
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Ramjade
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 Apr 19 2022, 01:22 PM
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QUOTE(shaunkL @ Apr 19 2022, 12:59 PM) Yes, but the EPF quota for tax is fulfilled already. Since 2014, public bank PRS Growth fund How to change to other fund? Thanks, how to withdraw from existing fund and change to other fund ? If public Bank, I dont think you can transfer. Have to ask FSM and see. Alternatively try to switch to other public Bank PRS which invest overseas if there are any. Starting this year or next year, forget about public mutual. Just open FSM account and buy via FSM. This post has been edited by Ramjade: Apr 19 2022, 01:30 PM |
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Ramjade
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Sep 8 2022, 12:42 PM
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QUOTE(honsiong @ Sep 8 2022, 11:54 AM) PRS tax relief has to be extended perpetually or it's going to crumble. Until 2025. So need to wait next year for announcement. |
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Ramjade
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Sep 22 2022, 04:38 PM
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QUOTE(kenloh7 @ Sep 22 2022, 04:29 PM) Hi, are there any PRS funds that are not Asia or Malaysia focused? QUOTE(cempedaklife @ Sep 22 2022, 04:35 PM) i tried few years ago to find a PRS in FSM on US, no luck. It doesn't exist as part of PRS is they want you to support bursa. The best one is still principal Asia dynamic income PRS. |
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Ramjade
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Sep 23 2022, 12:25 PM
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QUOTE(onthefly @ Sep 22 2022, 10:31 PM) https://www.principal.com.my/en/cc5 |
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Ramjade
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Sep 25 2022, 11:22 PM
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QUOTE(azlim @ Sep 25 2022, 11:02 PM) RHB one all negative negative negative, can like that mehh? Of course can. Because underlying are stocks and bonds. Eg. If you invest in Malaysia, likely to be negative. That's whst happen. |
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Ramjade
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Oct 26 2022, 12:58 PM
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QUOTE(ky33li @ Oct 26 2022, 12:17 PM) Not worth buying PRS, how sure are you past years returns can be replicated? There are no more cheap monies and everyone is hoarding cash. I will still buy cause 20-30 years down the road I can get out the money out from PRS. Not to mention pay less in income tax. Talk about having the cake and eating it. You pay less tax = less songlap. More money you get to keep for yourself and family. Will only stop PRS once govt remove income tax relief. This post has been edited by Ramjade: Oct 26 2022, 10:10 PM |
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Ramjade
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Oct 27 2022, 12:55 PM
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QUOTE(Thrust @ Oct 27 2022, 06:01 AM) So far I've deposited around 30k+ in PRS and the fund seems to only breakeven now.. No gain and no loss means the fund is not generating income from money market now. The only gain is the rm720 tax savings from putting rm3k annually into prs. Blame China emperor xi. |
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Ramjade
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Oct 27 2022, 04:35 PM
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QUOTE(Thrust @ Oct 27 2022, 01:10 PM) Shouldn't we blame America that causes all these? Cause if emperor xi was not stubborn and open up China instead of continuing forcing zero covid, their economy will be better. Production can resume which can bring down inflation. Second stuff he crack down on all the tech to make them follow him. |
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Ramjade
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Oct 27 2022, 04:51 PM
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QUOTE(adele123 @ Oct 27 2022, 04:45 PM) Watch less BBC and CNN. Despite the lockdown, their economic growth is not slowing down. You want to blame someone for inflation? It's still USA for the russian ukraine war. Raw material price go up, produce more still cannot. I thought you advocate buy cheap cheap? Then now is a good time to buy cheap cheap. I buy max rm3k only for prs. Not a Sen more. I always do my PRS buying at the start of the year. I do buy. Not China stuff. But US companies. |
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Ramjade
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Nov 3 2022, 11:05 PM
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QUOTE(Sonnet Porky @ Nov 3 2022, 11:03 PM) I keep asking myself that, lol, I have a low risk appetite in general, balance a growth fund with a conservative fund can be a way to diversify as well right? Not sure if that's a good way to think about it. I wonder if everyone here always pour 3k into the same fund every year? I do that cause no need to think. Find a good fund and stick with it. This post has been edited by Ramjade: Nov 3 2022, 11:06 PM |
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Ramjade
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Dec 21 2022, 01:42 PM
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QUOTE(kembayang @ Dec 21 2022, 09:54 AM) Hi FSM, Which PRS funds performed worst and best YTD? Any aggressive PRS funds to recommend? I am only buy Principal PRS Plus Asia Pacific Ex Japan Equity. Keep in mind this fund return negative this year (~10%) due to China issue. So if you cannot accept negative return, don't bother buying it. I don't buy other funds cause majority of them like 9t% super lousy. |
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Ramjade
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Dec 22 2022, 04:10 PM
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QUOTE(mroys@lyn @ Dec 22 2022, 03:19 PM) My affin-hwang prs moderate 5-year top-ups are similar to 5 years annualised return, still making 1% out of 15k investment. if i put in fd, i can get rm900+ (based on 2% rate) instead of 150 but again i get tax relieves. Switch to Asia ex Japan or Asia Pacific ex Japan fund. Malaysia focus funds is super lousy the performance. |
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Ramjade
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Dec 22 2022, 04:42 PM
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QUOTE(mroys@lyn @ Dec 22 2022, 04:13 PM) you mean i can switch now? not too late? will explore this, thanks. You can always switch. But not sure the process. |
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Ramjade
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Dec 22 2022, 11:53 PM
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QUOTE(Cubalagi @ Dec 22 2022, 11:47 PM) Be aware that what u recommending is a higher risk fund. The Aham moderate PRS fund is a 60/40 fund, which is a a balance risk portfolio. Its unfortunate that this year is one of the worst year ever for a 60/40 portfolio, as the 40 cushion didnt work. Likely what happen this year wont repeat next year. N its also not a Malaysia only fund. Its 50 Malaysia n 50 foreign Fact sheet says that after Malaysia, next biggest counrry allocation is the USA at 15%. Look at it over long term. Long term the return beats EPF. |
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Ramjade
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Dec 22 2022, 11:58 PM
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QUOTE(Cubalagi @ Dec 22 2022, 11:55 PM) Higher risk u will expect to get higher returns long term..but no guarantee. And past performance is ... Actually I am talking about Principal PRS Plus Asia Pacific Ex Japan Equity. |
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Ramjade
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Dec 23 2022, 12:20 AM
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QUOTE(Cubalagi @ Dec 23 2022, 12:14 AM) I guessed as much. That is just a feeder fund into the Principal Asia Pacific Dynamic Income Fund. which is 90+% invested in Asia Pac Ex Japan equities. Based on factsheet, biggest country allocation is HK China (15%). That's the problem. Dont know why there is no PRS fund which is focus in the US only. This post has been edited by Ramjade: Dec 23 2022, 12:21 AM |
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Ramjade
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Dec 23 2022, 12:29 PM
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QUOTE(Cubalagi @ Dec 23 2022, 10:16 AM) But US market not looking so good nowadays Think long term. The time to make money is when market is red. No when it's green. |
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Ramjade
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Dec 23 2022, 05:21 PM
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QUOTE(Cubalagi @ Dec 23 2022, 05:01 PM) What is long term for you? How many years of red or bad returns before u say enough? 15-20 years is my horizon. As long as I don't need the money the redder and the longer it is the better. I can buy more. For PRS max I buy only RM3008. Not more. For my stocks as long as it's cheap I buy and if I have money. Anyway PRS max duration of contribution is until 2025 only if I am not mistaken. This post has been edited by Ramjade: Dec 23 2022, 05:51 PM |
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Ramjade
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Dec 23 2022, 10:55 PM
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QUOTE(Cubalagi @ Dec 23 2022, 10:52 PM) 2025 is the expiry of the tax relief. It could be extended again depend on MOF. Well if not extended, then my last deposit will be in 2025. This post has been edited by Ramjade: Dec 23 2022, 10:55 PM |
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Ramjade
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Dec 24 2022, 02:05 AM
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QUOTE(onthefly @ Dec 24 2022, 02:03 AM) Why is this a bad comparison. It's the correct comparison. |
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