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> Private Retirement Fund, What the hell is that??

Ramjade
post Feb 19 2019, 10:35 AM

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QUOTE(BoloY @ Feb 19 2019, 10:23 AM)
Great info. What is your prediction this year?

Currently I’m all in in ASNB

Which month to look for a dip again? Still left 2.8k to get 3k top up for 2019

Thanks
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I already said I don't do predictions. I buy when things are cheap and give chase when things are expensive.

I not am interested in a 1-2% dip. It's nothing.

This post has been edited by Ramjade: Feb 19 2019, 10:36 AM
BacktoBasics
post Feb 22 2019, 12:43 PM

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Guys what do you think about kenanga growth PRS fund??? Or should I go for CIMB instead??
Ramjade
post Feb 22 2019, 01:38 PM

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QUOTE(BacktoBasics @ Feb 22 2019, 12:43 PM)
Guys what do you think about kenanga growth PRS fund??? Or should I go for CIMB instead??
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Depends on what you want. Kenanga focus on Malaysia only while Cimb is Asia Pacific. Majority being china, India and a little in between.
BacktoBasics
post Feb 22 2019, 07:08 PM

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QUOTE(Ramjade @ Feb 22 2019, 01:38 PM)
Depends on what you want. Kenanga focus on Malaysia only while Cimb is Asia Pacific. Majority being china,  India and a little in between.
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My kenanga existing PRS suffering like 10 percent loss at the moment

Feel like averaging it down but not sure to put in CIMB or kenanga this year
MNet
post Feb 22 2019, 08:30 PM

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buy both dont keep all ur egg in 1 basket
jorgsacul
post Mar 5 2019, 12:01 AM

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Rhb falls like shit
honsiong
post Mar 5 2019, 12:17 AM

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QUOTE(BacktoBasics @ Feb 22 2019, 07:08 PM)
My kenanga existing PRS suffering like 10 percent loss at the moment

Feel like averaging it down but not sure to put in CIMB or kenanga this year
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I put CIMB AAXJ as hedge against Ringgit. If ringgit plunge 20% again in the future, the portfolio value goes up by 20% in our home currency term.

Conversely if Malaysia Ringgit becomes strong you lose money.
saintmikal
post Mar 5 2019, 09:25 AM

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I have reverted to taking out everything under account B, taking a 8% hit, and moving on.

I take it as a discounted income tax savings. No headache of hoping, wishing, praying.

That unfortunately has to happen with the balance 70%. At least mitigate the risk.

This post has been edited by saintmikal: Mar 5 2019, 09:28 AM
David83
post Mar 5 2019, 08:28 PM

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QUOTE(saintmikal @ Mar 5 2019, 09:25 AM)
I have reverted to taking out everything under account B, taking a 8% hit, and moving on.

I take it as a discounted income tax savings. No headache of hoping, wishing, praying.

That unfortunately has to happen with the balance 70%. At least mitigate the risk.
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Since you're impatient, you shouldn't have invested into PRS.

Most of us are contributing and let it auto-pilot till age 55.
saintmikal
post Mar 6 2019, 07:45 AM

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QUOTE(David83 @ Mar 5 2019, 08:28 PM)
Since you're impatient, you shouldn't have invested into PRS.

Most of us are contributing and let it auto-pilot till age 55.
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Not impatient. Just don't believe that it works as it totally contradicts retirement principal - just take a look at EPF. With a minimum guaranteed of 2.5%, that is what retirement should be - safe and steady without the need for any fees. EPF manages billions of ringgit but does not charge us any investment fee and every year averages 5-6% returns!

The ONLY reason for investing is for Income Tax deduction. If this benefit does not exist, I will not have invested and maybe a few here will have second thoughts.

Try asking the PRS service providers to do it for free and only take a portion of the profits (if and when there are) and I think the majority will close shop.




David83
post Mar 6 2019, 08:04 AM

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QUOTE(saintmikal @ Mar 6 2019, 07:45 AM)
Not impatient. Just don't believe that it works as it totally contradicts retirement principal - just take a look at EPF. With a minimum guaranteed of 2.5%, that is what retirement should be - safe and steady without the need for any fees. EPF manages billions of ringgit but does not charge us any investment fee and every year averages 5-6% returns!

The ONLY reason for investing is for Income Tax deduction. If this benefit does not exist, I will not have invested and maybe a few here will have second thoughts.

Try asking the PRS service providers to do it for free and only take a portion of the profits (if and when there are) and I think the majority will close shop.
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I don't know which PRS fund that you invested and how long you have been invested.
If you want some thing like EPF, you should go for Conservative funds. They're mainly constituted of bond funds which entry service should be at 0%

The higher the risk-return ratio, the higher entry cost which is normally seen on Moderate and Aggressive funds.
PRS is using unit trusts model. So you need to expect it to behave like unit trusts.
But some PRS providers don't charge any entry cost at even for Moderate and Aggressive funds.

Well, it is just personal preference.
Nobody is right or wrong in investment.

yklooi
post Mar 6 2019, 08:05 AM

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QUOTE(saintmikal @ Mar 6 2019, 07:45 AM)
Not impatient. Just don't believe that it works as it totally contradicts retirement principal - just take a look at EPF. With a minimum guaranteed of 2.5%, that is what retirement should be - safe and steady without the need for any fees. EPF manages billions of ringgit but does not charge us any investment fee and every year averages 5-6% returns!
But I see it differently thou....
I see it as a mean to incur uncontrollable expenses inside that agencies.....
I see it as a mean for the LHDN to cross check the income of individual's report
I see it as a mean Govt to have extra monies to spend on other areas
I see it as a mean to have a source of entities to fund GLC companies operations...
for that, I see it as a mean to justified getting better than FD rate

The ONLY reason for investing is for Income Tax deduction. If this benefit does not exist, I will not have invested and maybe a few here will have second thoughts.
Try asking the PRS service providers to do it for free and only take a portion of the profits (if and when there are) and I think the majority will close shop.
I think the main reason is the returns....many does not mind paying for the fees IF the returns is good.....look at the non PRS UT funds.....many invested in there even though have fees.

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geekofIT
post Mar 6 2019, 11:09 AM

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i still yet to receive my RM1000 incentive bonus from PRS/PPA.

I bought in to the fund in December 2018 for RM1000.

Will receive in Q2 i think, based on the email reply by PPA.
David83
post Mar 6 2019, 11:11 AM

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QUOTE(geekofIT @ Mar 6 2019, 11:09 AM)
i still yet to receive my RM1000 incentive bonus from PRS/PPA.

I bought in to the fund in December 2018 for RM1000.

Will receive in Q2 i think, based on the email reply by PPA.
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The incentive is only disbursed twice a year.
I think the incentive won't be extended after 2018.

This post has been edited by David83: Mar 6 2019, 11:56 AM
Sumofwhich
post Mar 6 2019, 11:53 AM

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QUOTE(David83 @ Mar 6 2019, 11:11 AM)
The incentive is only disbursed twice a year.
I think the incentive is still extended after 2018.
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PPA website says otherwise, prs youth free 1k link is invalid and removed
David83
post Mar 6 2019, 11:57 AM

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QUOTE(Sumofwhich @ Mar 6 2019, 11:53 AM)
PPA website says otherwise, prs youth free 1k link is invalid and removed
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Typo.
I corrected the post.
wenzhenzhen
post Mar 7 2019, 12:57 PM

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Hi all, I purchased RM1k of Kenanga PRS Growth Fund via PRS website just to get RM1k youth incentive from govt. However, Kenanga PRS Growth Fund NAV really drop like shit. I am thinking want to buy Affin-Hwang/M+ PRS fund via PRS website and failed. Should I go to their individual website to buy their PRS fund?

Appreciate someone can help.
David83
post Mar 7 2019, 01:41 PM

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QUOTE(wenzhenzhen @ Mar 7 2019, 12:57 PM)
Hi all, I purchased RM1k of Kenanga PRS Growth Fund via PRS website just to get RM1k youth incentive from govt. However, Kenanga PRS Growth Fund NAV really drop like shit. I am thinking want to buy Affin-Hwang/M+ PRS fund via PRS website and failed. Should I go to their individual website to buy their PRS fund?

Appreciate someone can help.
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I don't think you can buy from a fund from another new PRS provider from PRS website.
PRS website normally can be used to top up existing funds.

You need to create a profile with the PRS provider first since they don't have your details.
You need to submit forms.

This post has been edited by David83: Mar 7 2019, 01:41 PM
markedestiny
post Mar 7 2019, 01:59 PM

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QUOTE(wenzhenzhen @ Mar 7 2019, 12:57 PM)
Hi all, I purchased RM1k of Kenanga PRS Growth Fund via PRS website just to get RM1k youth incentive from govt. However, Kenanga PRS Growth Fund NAV really drop like shit. I am thinking want to buy Affin-Hwang/M+ PRS fund via PRS website and failed. Should I go to their individual website to buy their PRS fund?

Appreciate someone can help.
*
Open account on https://www.eunittrust.com.my which is under Phillip Mutual, and choose the PRS fund from various PRS providers you like with 0% sales charge.



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