You should be eligible.

This post has been edited by David83: Jan 25 2019, 05:53 AM

Thanks sifu.. That is great.

I've invested in October and I've gotten it before 31.12.2018.
Just realised it today after checking the statement

The incentive is only disbursed twice in a calendar year.

Any fund to recommend? I made RM 130+ lost from CIMB-Principal PRS Plus Asia Pacific Ex Japan Equity last year.

Learn to know why the funds fall.
Funds still hold stocks and bonds. So when general market drop, you can't expect fund to not drop also.

Also if you cannot tahan such drop, better to rethink your investment strategies (stick with FDs, Amanah Saham and EPF).

If you want to invest in unit trust be prepare for losses. Welcome to the real world.

If not for the free RM 1000 and tax reduction, I won't go into this unit trust. Now it is making lost instead of gain. Is this still called retirement scheme or burn money scheme?

Nobody is forcing you to participate.
The free RM 1000 is that credited back into Acc I and you already in gain right?
Plus, you will get another gain from tax reduction.
Retirement scheme works for a long span and not within 1 year or few months.

Like I said you need to know why it fall. If you buy blindly then good luck in whatever you buy. You need to know what you are buying.

I bought the same one with you but I am +RM1xx. See the difference? It's about timing. You bought at a high price and there was a major sell down on the eve of Christmas. I lump sum in somewhere after the sell down so I am sitting on positive returns now. We bought the same stuff but essentially at different time. Kind of like shopping at Giant and Tesco. I shop my cooking oil when there's a sale (sell down happens). You did not wait for sales to happen. You bought at whatever price Tesco/Giant was selling.

Unit trust is essentially stock market but you are paying someone to do the buying and selling for you. Like I said please understand what you are buying.

If you cannot tahan such loss, best to stick to safe investment.

What will I do if a sell down happens again? I am prepared to buy again. Cash is already waiting for next buying opportunity. Why? Cause you only make money when you buy at low price and not a high price. Majority of people see high price keep chasing high price (aka cont buying at high price).

So at Eh end of the day, you yourself need to decide what are you going to do? Are you going to continue or you are going to give up? What happen if next fund you buy drop in price? Then you will say unit trust cheat people's money.

For me, I will continue but only when sales is happening. No sales, just seat quietly lo.

You must understand majority of the people cannot tahan to see their investment turn - ve and will lose conviction. So yeah a small drop like this will make them want to give up.

This post has been edited by Ramjade: Feb 13 2019, 09:59 PM

I use to think the same? Why would the government introduce something that makes possible negative return...lol..

But if you take into account the RM 1000 contribution from government.

Assuming investment in 2018 - RM 3k(max up the tax deduction)

Rm1k/Rm3k = your return is 33% already

If you take into account tax deduction...Rm3k x [tax bracket] assuming 16% = Rm480

However if you see from the website it shows your loss cause the Rm1k contribution is not reflected as a gain...

Being said this is a long term investment...I am not sure if averaging the price...buying when is low is sufficient or switching funds is required though...

Just buy until 2021. After 2021, no more tax relief, no need to buy anymore. Problem settle.

No need buy anymore ..means do we just leave the funds as it is or is possible to sell it and keep it in the cash account?

Keep. No need to sell. You sell you kena penalty of 8%. Overtime, it will be worth something. Of course along the way if something better come, can transfer to that say stashaway if they become a PRS provider.

This post has been edited by Ramjade: Feb 14 2019, 01:06 AM

Based on your opinion Ramjade, how do you predict when theres going to be a market sell down? How did you predict the sell down during the evening of Christmas?

If the tax relief ends in 2021, won’t bother with PRS ady.

Ya me too, just leave whatever you have put in there. What makes you guys think StashAway will become PRS provider?

It would be awesome if they did!

They are one of the SRS scheme providers in Singapore. PRS copy SRS so why not.

I see! Good good, maybe somone can ask them during the feedback session!

Ok!thanks for beneficial sharing