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 Private Retirement Fund, What the hell is that??

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useridisnil
post Jun 13 2020, 01:01 PM

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QUOTE(MUM @ Jun 13 2020, 12:25 PM)
Things You Should Know Before You Start a PRS Account
https://www.ppa.my/joining-prs/what-should-i-consider/

A Guide To The Private Retirement Scheme (PRS)
https://ringgitplus.com/en/blog/budgeting-s...scheme-prs.html
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I hve enrolled with prsmember portal but i can only see cimb asset management as the option when i want to "top up". Did i missed any step. Prefer to do ot online...
GrumpyNooby
post Jun 13 2020, 01:04 PM

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QUOTE(useridisnil @ Jun 13 2020, 01:01 PM)
I hve enrolled with prsmember portal but i can only see cimb asset management as the option when i want to "top up". Did i missed any step. Prefer to do ot online...
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At PPA website, you can only top up into existing PRS fund.
If you have any fund yet or you wish to buy a new PRS fund which is not in your portfolio, you need to sign up at the preferred PRS provider or middleman agent like FSM or eUT.

This post has been edited by GrumpyNooby: Jun 13 2020, 01:12 PM
useridisnil
post Jun 13 2020, 01:11 PM

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QUOTE(GrumpyNooby @ Jun 13 2020, 01:04 PM)
At PPA website, you can only top up into existing PRS fund.
If you have any fund yet or you wish to buy a new PRS fund which is not in your portfolio, you need to sign up at the preferred PRS provider or middleman agent like FSM or uT.
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Thanks! I guess need to step out my bed to do this. Appreciate this
ironman16
post Jun 13 2020, 02:49 PM

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QUOTE(useridisnil @ Jun 13 2020, 01:11 PM)
Thanks! I guess need to step out my bed to do this. Appreciate this
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So do i @_@""

After register at PRS online last night, just realise only can top up existing prs fund, can't register new prs fund.

End up have to download form from FSM, fill it n mail back to FSM because i aim for AmPRS.

!@#$%^
post Jun 19 2020, 11:30 PM

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QUOTE(!@#$%^ @ Jun 11 2020, 09:21 PM)
speaking of which i submitted withdrawal of my principal prs via email on tuesday, got verification call that afternoon itself. now waiting for money to enter, eta T + 10
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9 June - submitted withdrawal request followed by verification call
10 June - withdrawal processed for 10 June NAV
19 June - received funds in bank account
edwin1002
post Jun 20 2020, 11:41 PM

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QUOTE(ironman16 @ Jun 13 2020, 02:49 PM)
So do i @_@""

After register at PRS online last night, just realise only can top up existing prs fund, can't register new prs fund.

End up have to download form from FSM, fill it n mail back to FSM because i aim for AmPRS.
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Aim which fund? haha
ironman16
post Jun 21 2020, 12:48 AM

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QUOTE(edwin1002 @ Jun 20 2020, 11:41 PM)
Aim which fund? haha
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Aim AmPRS - Asia Pacific REITs because i already have Affin Hwang PRS Moderate fund and Principal PRS Plus Asia Pacific ex Japan equity. 😁
clamp_wl
post Jun 21 2020, 02:14 AM

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QUOTE(ironman16 @ Jun 21 2020, 12:48 AM)
Aim AmPRS - Asia Pacific REITs because i already have Affin Hwang PRS Moderate fund and Principal PRS Plus Asia Pacific ex Japan equity. 😁
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You plan on having three PRS fund?
SUSyklooi
post Jun 21 2020, 04:40 AM

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QUOTE(ironman16 @ Jun 21 2020, 12:48 AM)
Aim AmPRS - Asia Pacific REITs because i already have Affin Hwang PRS Moderate fund and Principal PRS Plus Asia Pacific ex Japan equity. 😁
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hmm.gif are you planning to form a portfolio of RPS funds to supplement your existing portfolio of UT funds?
thumbsup.gif nice moves
ironman16
post Jun 21 2020, 09:40 AM

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QUOTE(clamp_wl @ Jun 21 2020, 02:14 AM)
You plan on having three PRS fund?
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Ya, Not need pay the Rm8 😁. This 3 fund in my watch list since first year purchase.

QUOTE(yklooi @ Jun 21 2020, 04:40 AM)
hmm.gif are you planning to form a portfolio of RPS funds to supplement your existing portfolio of UT funds?
:thumbsup: nice moves
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😁. Betting it will perform good in long term.
clamp_wl
post Jun 21 2020, 09:54 AM

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QUOTE(ironman16 @ Jun 21 2020, 09:40 AM)
Ya,  Not need pay the Rm8 😁. This 3 fund in my watch list since first year purchase.
😁. Betting it will perform good in long term.
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So far I am seeing Affin Hwang PRS as the best performing one. Not sure how it will moves in the long run. Since it is a PRS fund the expectation would be to keep it for more than 10 years.
ironman16
post Jun 21 2020, 10:48 AM

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QUOTE(clamp_wl @ Jun 21 2020, 09:54 AM)
So far I am seeing Affin Hwang PRS as the best performing one. Not sure how it will moves in the long run. Since it is a PRS fund the expectation would be to keep it for more than 10 years.
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Ya, i oso bet AmPRS REITs will perform better in long run.
Now perform a bit worse. Nvm buy low 😁

## my Affin perform better than my Principal


This post has been edited by ironman16: Jun 21 2020, 10:49 AM
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post Jun 21 2020, 11:17 AM

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QUOTE(ironman16 @ Jun 21 2020, 09:40 AM)
Ya,  Not need pay the Rm8 😁. This 3 fund in my watch list since first year purchase.
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what's next after these 3?
ironman16
post Jun 21 2020, 11:24 AM

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QUOTE(!@#$%^ @ Jun 21 2020, 11:17 AM)
what's next after these 3?
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doh.gif haven't decide yet......

Nvm, i got almost 6 months to think and decide icon_rolleyes.gif

or you got any fund to suggest? may b u already got in ur mind, mind to share drool.gif
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post Jun 21 2020, 11:39 AM

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QUOTE(ironman16 @ Jun 21 2020, 11:24 AM)
doh.gif haven't decide yet......

Nvm, i got almost 6 months to think and decide  icon_rolleyes.gif

or you got any fund to suggest? may b u already got in ur mind, mind to share  drool.gif
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nope, not yet. i already have the 3 funds u mentioned. thinking of kenanga maybe.
ironman16
post Jun 21 2020, 12:02 PM

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QUOTE(!@#$%^ @ Jun 21 2020, 11:39 AM)
nope, not yet. i already have the 3 funds u mentioned. thinking of kenanga maybe.
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Later I go flip flip n research. Last year I miss it Bcoz money tight a bit n I skip it. If not, I same with u oledi. Kenanga PRS oso in my watch list last time, but at last I choose affin hwang
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post Jun 21 2020, 12:04 PM

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QUOTE(ironman16 @ Jun 21 2020, 12:02 PM)
Later I go flip flip n research. Last year I miss it Bcoz money tight a bit n I skip it. If not, I same with u oledi. Kenanga PRS oso in my watch list last time, but at last I choose affin hwang
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lol, monitor first. actually prefer non-malaysian centric funds to diversify. but i think only those 3 so far. previously i DCA monthly, but this year i think i'll go with lump sum towards year end during FSM promo to get some freebies.
ironman16
post Jun 21 2020, 12:17 PM

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QUOTE(!@#$%^ @ Jun 21 2020, 12:04 PM)
lol, monitor first. actually prefer non-malaysian centric funds to diversify. but i think only those 3 so far. previously i DCA monthly, but this year i think i'll go with lump sum towards year end during FSM promo to get some freebies.
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Normally i open n make the first deposit first, stand by the bullet and wait for the dip.
If no dip, i will slowly release it into .
i Kiasu n kiasi, afraid last minute system down, biz la or forgot ....... biggrin.gif

#####

Beside that 3, i think only got Kenanga ( Malaysia Centric) hmm.gif May b Kenanga OnePRS Shariah Equity Fund (i got 6 month to decide rclxms.gif )

Kenanga OnePRS Conservative Fund not bad but too conservative for me. Kenanga OnePRS Growth Fund doh.gif bcoz Kenanga Growth Fund doh.gif unless change to Kenanga Growth Fund Series 2 - MYR Class hmm.gif

Unless u want Public Mutual, Public Mutual PRS Islamic Growth not bad brows.gif but the sales charge doh.gif

This post has been edited by ironman16: Jun 21 2020, 03:29 PM
GrumpyNooby
post Jun 26 2020, 10:33 AM

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user posted image

Start Small. Start Now.

CONTEST PERIOD:
15 June – 14 December 2020

Saving for your future in Private Retirement Schemes (PRS) does not require a large amount of money. You can start building your retirement savings today from as small as RM100.

Join the contest by enrolling with PRS Online Enrolment service now!

Each month during the contest period, a Monthly PRS Treats Draw will select 20 first-time savers to receive RM100 in PRS units. All PRS Online enrolees during the contest period will also be automatically entered into the Grand PRS Treats Draw, where the Grand Prize of RM3,000, the Second Prize of RM2,000 and Third Prize of RM1,000 in PRS units are up for grabs!

New enrolees will enjoy more:
1. Waiver of the RM10 PPA account opening fee
2. 0% sales charge if you are 30 years old and below

https://ppa.my/prstreats/
familyfirst
post Jun 29 2020, 01:38 PM

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QUOTE(GrumpyNooby @ Jun 26 2020, 10:33 AM)
user posted image

Start Small. Start Now.

CONTEST PERIOD:
15 June – 14 December 2020

Saving for your future in Private Retirement Schemes (PRS) does not require a large amount of money. You can start building your retirement savings today from as small as RM100.

Join the contest by enrolling with PRS Online Enrolment service now!

Each month during the contest period, a Monthly PRS Treats Draw will select 20 first-time savers to receive RM100 in PRS units. All PRS Online enrolees during the contest period will also be automatically entered into the Grand PRS Treats Draw, where the Grand Prize of RM3,000, the Second Prize of RM2,000 and Third Prize of RM1,000 in PRS units are up for grabs!

New enrolees will enjoy more:
1. Waiver of the RM10 PPA account opening fee
2. 0% sales charge if you are 30 years old and below

https://ppa.my/prstreats/
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Always promoting to new customers, zero effort in retention marketing as usual.

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