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 Private Retirement Fund, What the hell is that??

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GrumpyNooby
post Apr 1 2020, 01:05 PM

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Wondering if FSM can help to process the withdrawal or do I need to go deal with the PRS provider myself? hmm.gif
!@#$%^
post Apr 1 2020, 05:06 PM

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QUOTE(GrumpyNooby @ Apr 1 2020, 01:05 PM)
Wondering if FSM can help to process the withdrawal or do I need to go deal with the PRS provider myself?  hmm.gif
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if u bought via FSM, then u have to fill some forms and COURIER it back to them. what a joke.
markedestiny
post Apr 1 2020, 05:16 PM

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QUOTE(!@#$%^ @ Apr 1 2020, 05:06 PM)
if u bought via FSM, then u have to fill some forms and COURIER it back to them. what a joke.
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You mean for subsequent buys, even after you have opened account with FSM?


GrumpyNooby
post Apr 1 2020, 05:17 PM

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QUOTE(markedestiny @ Apr 1 2020, 05:16 PM)
You mean for subsequent buys,  even after you have opened account with FSM?
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He's answering my question on the special withdrawal.
Not related to usual buy order via FSM.
markedestiny
post Apr 1 2020, 05:23 PM

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QUOTE(GrumpyNooby @ Apr 1 2020, 05:17 PM)
He's answering my question on the special withdrawal.
Not related to usual buy order via FSM.
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Oic smile.gif
cempedaklife
post Apr 1 2020, 06:37 PM

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QUOTE(markedestiny @ Apr 1 2020, 05:16 PM)
You mean for subsequent buys,  even after you have opened account with FSM?
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You need to submit form everytime you want to buy from a new fund house. Fsm will format the respective form to respetive fund house for you.
markedestiny
post Apr 1 2020, 07:14 PM

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QUOTE(cempedaklife @ Apr 1 2020, 06:37 PM)
You need to submit form everytime you want to buy from a new fund house. Fsm will format the respective form to respetive fund house for you.
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Ok, similar process with eUT which I am using. Hopefully these two platforms could automate more of the manual processes.
GrumpyNooby
post Apr 1 2020, 08:15 PM

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QUOTE(markedestiny @ Apr 1 2020, 07:14 PM)
Ok, similar process with eUT which I am using. Hopefully these two platforms could automate more of the manual processes.
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eUT has been spamming with the same email!

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cempedaklife
post Apr 1 2020, 08:52 PM

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QUOTE(markedestiny @ Apr 1 2020, 07:14 PM)
Ok, similar process with eUT which I am using. Hopefully these two platforms could automate more of the manual processes.
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I think its more to do with the fundhouse
GrumpyNooby
post Apr 1 2020, 08:55 PM

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QUOTE(cempedaklife @ Apr 1 2020, 08:52 PM)
I think its more to do with the fundhouse
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If you're planning to buy PRS funds from either Affin Hwang, Kenanga, or Principal PRS, with FSM, no forms are required.

user posted image

https://www.fundsupermart.com.my/fsmone/art...cipal-PRS-Funds

This post has been edited by GrumpyNooby: Apr 1 2020, 08:56 PM
markedestiny
post Apr 1 2020, 09:12 PM

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QUOTE(GrumpyNooby @ Apr 1 2020, 08:55 PM)
If you're planning to buy PRS funds from either Affin Hwang, Kenanga, or Principal PRS, with FSM, no forms are required.

user posted image

https://www.fundsupermart.com.my/fsmone/art...cipal-PRS-Funds
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Tq, already buying one of the funds under eUT.
Jack&Guild
post Apr 2 2020, 09:10 PM

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for now my prs with Kenanga has grown from positive 10% to negative 20%.
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post Apr 2 2020, 10:26 PM

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QUOTE(Jack&Guild @ Apr 2 2020, 09:10 PM)
for now my prs with Kenanga has grown from positive 10% to negative 20%.
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good time to buy kenanga? will malaysia's economy drop further?
honsiong
post Apr 2 2020, 11:35 PM

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QUOTE(Jack&Guild @ Apr 2 2020, 09:10 PM)
for now my prs with Kenanga has grown from positive 10% to negative 20%.
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"grown"

Gonna wait a bit further, still got 9 months away, plenty of falls we have yet to take to hit bottom.

ben3003
post Apr 3 2020, 08:08 AM

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QUOTE(GrumpyNooby @ Apr 1 2020, 12:07 PM)
Details and FAQ is out:

https://www.ppa.my/wp-content/uploads/2020/...Tax-Penalty.pdf

Good thing is:

What is the maximum withdrawal amount I can make for this temporary relief?
 Members may request for withdrawal from one or more funds managed by each PRS Provider to a maximum amount of RM1,500 per Provider.
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why no give step to withdraw one..
GrumpyNooby
post Apr 3 2020, 08:14 AM

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QUOTE(ben3003 @ Apr 3 2020, 08:08 AM)
why no give step to withdraw one..
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PPA asked you to deal with your PRS provider.
PPA is not going to deal with you directly.

3. What is the maximum withdrawal amount I can make for this temporary relief?
 Members may request for withdrawal from one or more funds managed by each PRS Provider to a maximum amount of RM1,500 per Provider.
 For more information or assistance on the withdrawal application process, members may contact their respective PRS Providers via the following channels:

Jack&Guild
post Apr 3 2020, 07:05 PM

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QUOTE(!@#$%^ @ Apr 2 2020, 10:26 PM)
good time to buy kenanga? will malaysia's economy drop further?
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Covid 19 has not come to the peak yet. Business not moving, employee being laid off, high unemployment rate, market prospect going backward, bank profit down, airasia is not taking off, US the top most covid 19. So i think the economy is gliding down and not reaching bottom yet for now. not wise to commit prs.
Jack&Guild
post Apr 3 2020, 07:06 PM

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QUOTE(honsiong @ Apr 2 2020, 11:35 PM)
"grown"

Gonna wait a bit further, still got 9 months away, plenty of falls we have yet to take to hit bottom.
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Yeah. Finger cross it won last that long. Hope the impact will be lessen and recover after june.
honsiong
post Apr 3 2020, 07:33 PM

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QUOTE(Jack&Guild @ Apr 3 2020, 07:06 PM)
Yeah. Finger cross it won last that long. Hope the impact will be lessen and recover after june.
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If the government doesn’t come up and execute the right policy, oh boy we are looking at long term pain in the economy.
sarah0601
post Apr 5 2020, 10:01 PM

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Hi all, I read in one of the pages that eUT has 'CIMB-Principal PRS Plus Asia Pacific Ex Japan Equity (Class A)' at 0% SC for online buy; anyone familiar with this? I am halfway through this thread, will finish it in a few days time, but so far haven't read much about eUT. Reason why I would like to purchase the class A instead of the class C offered in FSM is cuz I previously purchased some via an agent already, so just thinking of putting it back in the same one. Is eUT as friendly as FSM? Saw that FSM I could skip the sending of document if I'm buying Principal via phone online. Plus the NAV for that fund is low now, so wanna quickly get some to DCA it. biggrin.gif

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This post has been edited by sarah0601: Apr 5 2020, 10:58 PM

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