The only good prs fund that have as little possible exposure to Malaysia and China.

The only 2 exist which you can get from FSM for free
AIA Pam growth and principal retire easy 50 series. They stil leave exposure to china. But they are among the one with best returns.

Forget versa. Lousy prs from affin hwang.

Of course my returns and my risk level may not match yours. So what works for me may not work for you.

This post has been edited by Ramjade: Jan 24 2024, 02:09 PM

I didn't compare islamic fund though. I just compare conventional funds. But to be honest prs usually sucks.

As long as you contribute into a previous fund, you will be charged annual3fee if RM8.00. I think it is by PPA?

Please no. Just pay the RM8.00 and buy a good fund and stick with it. Of course every now and then review it. Eg I was with principal Asia Pacific prs. While it was a good fund when I purchased it. Not so much in these few year thanks to emperor xi.

I already shared what fund to pick. Keep in mind my risk level and your risk level is different. So what I want may not what you want.

ILP are unit trust. The reason ILP is not performing well is majority of ILP are invested in Malaysia market and china market. Both these market have been giving rubbish returns for years.

China because of emperor xi common prosperity and property issue.

This post has been edited by Ramjade: Mar 14 2024, 01:29 PM

Same thing. Majority of unit trust in Malaysia sucks. Not sure is it mandate from BNM to invest locally sort of like support the Malaysian market.

You can select which fund your ILP invest in. You can even switch. Normally it's the agent who choose. I have checked. Majority of the funds given like 99% all Malaysia focus only.

Every ILP they give you I think around 15-20 funds for you to choose. I don't use ILP, nor do I want to get involved with ILP.

Go kacau your agent and see what fund are available.

This post has been edited by Ramjade: Mar 14 2024, 05:54 PM

That's why I switch.

Majority of people just want the tax relief. Me, I want returns and tax relief.

This post has been edited by Ramjade: Mar 15 2024, 12:16 PM

If got pure US fund I will buy that vs whatever nonsense Malaysia/china focus fund. Too bad no fund house doesn't want to come out with good prs or prevented from doing so by BNM. My insurance agent said they are not making lots of money via PRS that's why PRS have lots of lousy funds.

I am not. Some stuff I believe to be self insurance.
My prs is done by DIY via FSM. No agent involved.

Insurance if possible, I want to DIY and avoid agent. Sometimes the market and regulation makes it such that is impossible to buy without agent. Cause need take care their rice bowl.

This post has been edited by Ramjade: Mar 16 2024, 05:56 PM

Public mutual is not available on FSM. I only considered fund on DAM as I am not going to pay anyone service charges.

Yes. That's right.

I have cimb principal Asia Pacific too since days of najib with youth incentive of RM1k. I switched last year.

I dont really monitor. But seeing my cimb principal aisa Pacific get destroyed and emperor xi keep touting common prosperity, I switched my fund. Less than a year already back to 10%p.a returns.

I would have like pure US funds but can't do anything as no such prs exist.

Buy prs. Lower your income tax. Pay less tax regardless who is in charge of govt of the day. Don't just buy and forget. Money in prs is still your own money. That's why I do both.
1. Income tax relief
2. Maximise return where and when possible.

Most people just aim for 1.

This post has been edited by Ramjade: Mar 19 2024, 11:59 PM

Depends on how you look at it. You choose the right fund, you have something that can outperform EPF. It's not good but decent if can outperform EPF.

If choose lousy fund then yeah it sucks.

Come to think of it, all ILP fund also sucks and people still buy ILP. lol.

This post has been edited by Ramjade: Mar 20 2024, 12:18 AM

For me it's worth it. My return have always exceed EPF except for past 1-2 years (CIMB principal Asia Pacific fault).

But since I switch to retireeasy 50, my prs returns have pickup again.

Like I said, pay less tax and prs money is still your money at the end of the day. It's not govt money.

The fees are fixed at 1.5%p.a (management fees).

If you see the pros, all are feeder funds. So you need to see how the original fund is performing.

For me, once they remove income tax relief, I will stop buying prs and divert my money overseas (like what I am doing for my EPF portion)

I was refering if you buy funds form agents or banks, there is 3% service charge. This applies even for public mutual if you choose to DIY.

For those funds on FSM and Phillip, zero service charge. However public mutual will never be on FSM Or Phillip.

This post has been edited by Ramjade: Mar 20 2024, 02:37 PM