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 Private Retirement Fund, What the hell is that??

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GrumpyNooby
post Jan 20 2021, 03:30 PM

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QUOTE(Barricade @ Jan 20 2021, 03:30 PM)
Guys how often does FSM update the PRS fund price?
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Daily update.

GrumpyNooby
post Jan 20 2021, 05:29 PM

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QUOTE(cempedaklife @ Jan 20 2021, 05:20 PM)
depends on fund house too.
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Most of the PRS provider will get fund NAV for previous trading day publish by late evening of today especially those with foreign market exposure.
For local funds, if you cannot wait, you can get the today's trading day NAV after 8pm of the day at the respective PRS provider portal.

This post has been edited by GrumpyNooby: Jan 20 2021, 05:30 PM
GrumpyNooby
post Jan 20 2021, 08:29 PM

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QUOTE(cklimm @ Jan 20 2021, 08:27 PM)
Good, we can all now last till 26th payday.
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But my salary is only in on 31st. How?
GrumpyNooby
post Jan 20 2021, 08:36 PM

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QUOTE(cklimm @ Jan 20 2021, 08:35 PM)
too bad, have you applied for i-sinar?  tongue.gif
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Maybe I eat instant noodle like Ir Dr Wee for few more days after 26th.

iSinar disbursement also not so fast right? cry.gif
GrumpyNooby
post Jan 20 2021, 09:23 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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YTD simple ROI is 59.1% excluding tax relief and goodies.

This post has been edited by GrumpyNooby: Jan 20 2021, 09:24 PM
GrumpyNooby
post Jan 21 2021, 11:49 AM

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QUOTE(JimK @ Jan 21 2021, 11:43 AM)
every one has received it? I macam havent received..
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When you bought?
Maybe they process in batches.
GrumpyNooby
post Jan 21 2021, 12:02 PM

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QUOTE(JimK @ Jan 21 2021, 12:00 PM)
Kenanga One bro
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When not what?
GrumpyNooby
post Jan 21 2021, 05:44 PM

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QUOTE(cklimm @ Jan 21 2021, 05:26 PM)
But, the promo ended 11 Dec
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Nice catch! I had forgotten the end date too! sweat.gif
GrumpyNooby
post Jan 21 2021, 07:57 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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FSM is not a fund house; they're a middleperson like eunittrust and FSM doesn't have PRS fund under their own management.

This post has been edited by GrumpyNooby: Jan 21 2021, 07:57 PM
GrumpyNooby
post Jan 22 2021, 08:16 AM

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QUOTE(ironman16 @ Jan 22 2021, 08:13 AM)
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
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Which Affin will be that be?
GrumpyNooby
post Jan 22 2021, 08:26 AM

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QUOTE(ironman16 @ Jan 22 2021, 08:24 AM)
If no choice i will go with growth, so that difference with my moderate in geographical allocation.
## bro, bila mahu balik rumah? 😏😏😏
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MCO till 4/2/2021 and no interstate travel is allowed. cool2.gif

This post has been edited by GrumpyNooby: Jan 22 2021, 08:26 AM
GrumpyNooby
post Jan 22 2021, 10:40 AM

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QUOTE(DJFoo000 @ Jan 22 2021, 10:33 AM)
I'm actually a bit confused on the "PPA Account opening fee" and "PPA annual fee".

Does this "PPA Account" refer to the overall PPA account that is accessible through ppa.org.my (which will be opened the first time I buy a PRS through FSM, and relinked to ppa.org.my after first time buying PRS)? Or is this "PPA Account" the individual account I "open" with the individual PRS Providers?

I'm confused because if the "PPA Account" is the overall PPA Account that is accessible through ppa.org.my, then the PPA annual fee would be applicable every year anyway if I were to put in 3k in a PRS even if it's from a provider I have yet to buy a PRS fund from, because I'm paying this annual fee to PPA, and not to the PRS Provider?

Also, to summarise my understanding on the different ways of buying PRS:

1) Buy from ppa.org.my
- can only choose one fund, and invest into that one fund till die

2) Buy from PRS provider directly
- can only buy funds provided by the PRS Provider

3) Buy from fundsupermart
- can buy funds from multiple PRS providers, but not all

All three would be linked by a common PPA Account number, of which the overall PRS holdings can be checked from ppa.org.my.

Correct me if my understanding is wrong.

I am an existing user of FSM, and hold multiple MFs in FSM, hence my preference would be to do everything through FSM anyway, unless a more efficient way of doing things exists.
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PPA is administrator, PRS provider (aka fund houses) is offering PRS products like Principal, Affin Hwang Asset Management etc and FSM (aka agent/middle man) is selling PRS products on behalf of PRS provider (eunittrust also has the same role).

You need a PPA account as it serves like an avenue to show all your holdings and PPA charges RM 8 annual fee if there's any contribution to existing PRS products.

Opening PPA account should incur fee of RM 8 (first year) and RM 10 stamp duty. Both can be waivable.


GrumpyNooby
post Jan 23 2021, 02:40 PM

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QUOTE(eddyooi @ Jan 23 2021, 02:39 PM)
is it worth dump in the rm3k now for 2021 tax relief or wait end of the year?
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Do it when your cash flow allows you to do so.
Money dumped in PRS is not as flexible as SSPN.
GrumpyNooby
post Jan 24 2021, 07:00 AM

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QUOTE(ironman16 @ Jan 23 2021, 09:52 PM)
still got a long journey..... whistling.gif

now survey this year fund ..... hmm.gif
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Affin for this year right?
GrumpyNooby
post Jan 24 2021, 08:52 AM

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QUOTE(ironman16 @ Jan 24 2021, 08:26 AM)
Still flip2, i think mostly.

I did come acros AIA prs in my head but why seldom ppl talk about it? 🤔🤔🤔.

Kenaga prs not bad now, last time feed to kenanga growth fund 😑 but last year i flip, no more feed to kenanga growth, may b the mandate change.😁😁👍👍👍
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AIA PRS is like a closed ended environment and you're tied to the insurance provider.

The agent may upsell you with other products. biggrin.gif

This post has been edited by GrumpyNooby: Jan 24 2021, 08:54 AM
GrumpyNooby
post Jan 24 2021, 09:09 AM

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QUOTE(ironman16 @ Jan 24 2021, 09:06 AM)
U mean they can use my info n call me?

😂😂😂 Seen like no much choices, kenanga or affin aje 🤣🤣🤣
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What is AIA main product? brows.gif
GrumpyNooby
post Jan 24 2021, 09:18 AM

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QUOTE(ironman16 @ Jan 24 2021, 09:14 AM)
Insurance lo 😂😂
But manulife oso insurance companies
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I got FFS for:

1. AIA Strategic Equity Fund
2. AIA Fixed Income Fund
3. AIA Dana Bond Fund

Interested? dry.gif

I can link you up with the agent. brows.gif
GrumpyNooby
post Jan 24 2021, 09:51 AM

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QUOTE(ironman16 @ Jan 24 2021, 09:49 AM)
How come u got this?
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Part from the "upsell" engagement ... dry.gif
GrumpyNooby
post Jan 24 2021, 05:32 PM

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QUOTE(ironman16 @ Jan 24 2021, 04:40 PM)
Now just like normal unit trust, pick fund oledi, no more feed to Kenanga growth fund. 👍👍👍
👍👍👍
Startegy maintain n try do home work b4 January or Feb in liao.
Listed is kenanga growth prs and affin growth prs (gonna pay rm8 which against my concept 😁)
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If against your principle, then shouldn't do it. Integrity matters as flip flop will destroy credibility like our current government.

GrumpyNooby
post Jan 28 2021, 10:38 PM

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QUOTE(CaptainGrindy @ Jan 28 2021, 10:37 PM)
guys, im new in this. Any PRS can get 3k tax relief, right? Im looking at Affin Hwang PRS Growth Fund.
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Yes, PRS fund and deferred annuity plan are qualified for RM 3k tax relief.

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