very much depends on timing. i started last oct with affin-hwang, saved on tax relief and got 8%+ returns

This post has been edited by mroys@lyn: Oct 18 2019, 03:27 PM

good to know that.

I put RM1k in PRS in the year where govt give additional RM1k in PRS for ppl below 30.

Just receive my PRS statement via email (never bother before) but this time i decided to open and see.

My total money now is RM1.5k. LOL. From RM1k myself and RM1k govt.

My PRS is managed by CIMB.

goodness. malaysia allocation i suppose

RM1000 youth incentives was from 2017~2018 (2 yrs) before that was RM500 only.
Losing RM500 from RM1000 initial investment is losing about 50% ROI from this CIMB PRS fund...
wandering which CIMB PRS fund lose 50% since 2017?

This post has been edited by MUM: Oct 18 2019, 08:50 PM


Attached thumbnail(s)

Logged in my PPA acc.

Member since: 05/17 - so i guess that’s when I contribute RM1,000.

RM1.5k is a bit too low. This is the actual balance as at 1 Jan 2019.



Without the contribution from government, I would definitely making a loss!

wondering which PRS fund was that, that loses 32% 16% since MAY 2017 till Jan 2019 with same value reinvested in Oct/Nov 2017?
(RM320 out of RM2000 is 16%)

invested in May 2017....youth incentive scheme cut off month for calculation was June and Dec.....payment would be Oct and April
thus Oct/Nov 2017 was the reinvestment of RM1000.
most fund was making money from May 2017 till Jan 2018

This post has been edited by MUM: Oct 19 2019, 09:23 AM


Attached thumbnail(s)

Guys PRS investment can withdraw from EPF to invest?

No....
unless you reached age 50 whereby you can partial withdrawal epf money for own use....then use that money as "cash"

https://ppa.my/prstreats/





I am new to prs, I have few questions here.
1)can I buy rm100 unit from ppa website to get rm10 opening fee waiver, followed by buy RM3000 similar fund at fundsupermart to get rm40 touch n go Ewallet pin?

2)what does Rm8 per fund house mean? If I choose 2 different fund house at year 1 of investment, will I be charge rm10 +Rm8*2?


This post has been edited by engyr: Oct 19 2019, 01:01 PM

\\


hello sifu, mind to share which Affin Hwang fund you bought?

if not misktaken, hwang-affin moderate fund

I think other than timing,....it has to be the right fund too....

for if for the same duration, if one were to take up Affinhwang Shariah Moderate instead of non shariah...then the returns would not be > 5%
or if for the same duration, if having Cimb Moderate one...the return would have been > 10% too
or if for the same duration, if having Cimb PRS Plus Equity....then MINUS returns

good that you got the right fund at the right time too, may the performance of this fund be right again for the next few years.

yes, agree. last time i got my advice from sifus here.

u sure u not get rm500 instead of 1k? check back and see

Yes sure. I get rm1000 from government. I think RM500 is for YA2016. For YA2017-YA2018 it’s RM1,000

not sure how the portfolio perform so badly. In any case, your return is still 50% overall.

so I just got time to re-register my cimb principal online - i think they rebrand the thing so need to do re-registration for online.


my fund name is CIMB Islamic PRS Plus Asia Pacific Ex Japan Equity Class A

i remember back then they say can switch fund max 2 times per year - FOC.

but i don't see how i can change online in the website. need to go branch is it?

since after 2 years++ i'm not even making money, even losing money putting in this fund, perhaps need to reconsider other fund?

based on past performances.....seems like this Shariah PRS fund is more stable in the returns compared to your CIMB Islamic PRS Plus Asia Pacific Ex Japan Equity



Attached thumbnail(s)