yes I did, but the representative told me the allocation is based on my age group? I'm 29 by the way

alamak....I thought it was the investor that can select for themselves the funds that best suit their risk appetite.

all the while I thought of this notion.....
"At Public Mutual, they provide a wide range of PRS funds that investor(s) may choose to contribute to based on their contributon time horizon, risk appetite and age. "

I thought PRS got two schemes:

1. Do It Yourself ---> You select your desired PRS fund
2. Do It For You ---> PRS provider will choose the fund after risk assessment

This post has been edited by David83: Jan 4 2019, 04:14 PM

if you are confident with the low price that you are going to enter, you can put in lump sum. else just contribute consistently every month. or you can contribute consistently while standby a lump sum cash and enter when the price is low. up to the strategy that you can deal with.

ok thanks guys for the advice.

if RM3060 or 3100 won't hurt...then what about extra RM100 or RM200 or RM500 or etc, etc per month too......that is sure won't hurt...after all it is one's own money, dependent on one's affordability and investment intention too.....isn't it?...

but that is not the real intent of "that" post.

This post has been edited by yklooi: Jan 6 2019, 11:11 AM

You can say that as underlying stuff is still stocks which is subjected to market movement.

want to ask expert here. I have bought PRS Kenanga Fund via FSM online mid december 2018. I can see the transaction records in my FSM one account, but how can I see my PPA account no?

PPA Account is PPA<NRIC>

Only now I know PPA account no is own IC no. Between, I didnt see deduction of RM10 for PPA account opening fees in my FSM acc. All the money goes into the PRS investiment. Is the deduction comes later?

got this from FSM MY FAQs

For first-time application, there is an account opening fee of MYR 10.00 which will be deducted from your investment amount.
Subsequently, an annual fee of MYR 8.00 shall be deducted from your investment amount for any subsequent contributions on the next calendar year per fund house.
Example:
A year after registering a PPA account, an investor contributes MYR 1,000 to X Fund A and Y Fund B respectively. Hence, the investors will be paying MYR 8.00 x 2 fund houses = MYR 16.00.

thus in mid Dec 2018, it is the first time you bought Kenanga PRS fund? (thus, 1st time opened PPA a/c in mid Dec 2018 too)?

BTW is by the way, not between.

yeah. first time. bought it on mid dec for disposal of tax purpose. Already checked with FSM, yes apparently they didnt realised that I am new, so now they will inform the fund house on this matter. But since i invested in mid dec, so i assume this is valid for tax disposal?

lol so honest of you. Yes eligible for tax relief.

anyone invested in december 2018 and got the RM 1000 incentive?

Where got so fast?

Worried as now PPA already taken off the RM 1000 incentive info from their website.

i have not

Twice a year:

A report is compiled by PPA bi-annually, in order for the pay-out to be made to the qualified individuals. Once eligible, the incentive will be automatically credited into the Member’s sub-account A of the PRS fund.

https://www.ppa.my/wp-content/uploads/2017/...f-Incentive.pdf

My 31st birthday will be in February 2019. I have contributed in Dec 2018. Am I entitled for the incentive? @@