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.
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.