no one knows for sure
but can feel it all of a sudden
has been going up so much since Jan 2024

take profit first ..........i didnt do that greedy for it to higher

now all back to square 1 as in jan 2024 values
lost RM7000 just like that.


yeah now prices dropped back to Jan 2024 levels

climbing up needed so many months
dropping down few days only....all gains wiped out liao..

Is this is right time to put RM3k into PRS for tax deduction? Or will there be better deal later?

1 noob question, I’ve had been using PPA website to top up directly to my pre principal ex japan. Every time I top up RM3k, the nett fund utilised to purchase the prs was only at RM 2904.96, which mean the fees around RM100.

Just wondering if use FSM or other platform, will the fees lower?
Not that I mind on the fee of RM 100, since this just a once a year thingy, but just want to know the best option so that I can recommend others in future

Previously, fsmone has no Sales charges.
Just need to pay the the annual PPA fees of RM8.
Saved about RM87 from your current of about RM95 every year you top up 3k

You need to confirm the current sales charges by fsmone now.

This post has been edited by MUM: Oct 7 2024, 03:10 PM

FSM has been giving RM40 every year. standard deal.

stupid question coming - why does PRS has Account A and Account B?

one can withdraw, one cannot

Tax relief on premiums for private retirement schemes is also being extended to 2030.

https://www.fsmone.com.my/tools/fund-select...ategoryList=ALL

top performing PRS year to date

wow better return than EPF lol. So I guess will drop soon. Too bad PRS cannot switch around easily.

5 yr & 10 yr can't even beat EPF tho

The reason is all the funds are concentrated in Malaysia. Even the fund which is not focus on Malaysia focus on china. With emperor xi having his own way with the companies in china hence the china focus funds are not doing well.

That's why i move my prs to one with more allocation to US.

Prs as long as can match EPF is ok. Some just simply buy regardless of performance for tax purposes.

This post has been edited by Ramjade: Oct 24 2024, 05:08 PM

Ram which prs are you advocating I Invest for the first time? I don't want crazy returns but something to match epf and reduce my tax

Edit. You answered it a few pages before. Thanks bro Easy 50 it is

This post has been edited by Avangelice: Oct 24 2024, 03:53 PM

Keep in mind if other fund house offer more US exposure that is available on FSM, I will switch without a moment of hesitation.

I will keeping my eye out for it. But unlikely to happen as
1. BNM unofficial directive
2. Heard from people in the industry that PRS is not profitable.

Its exposure to global titan fund is more than enough to make me satisfied. Thank you for the heads up

Versa offering RM100 for PRS deposit of RM3k...beating FSM offering kau kau can check out their website versa . com. my/ stack-and-earn-3k-prs-quest /

Don't get tempted by the RM100. All Versa prs (affin hang prs ) return sucks overtime (can't beat EPF return)

Can u share the performance of Versa prs?

Principal easyretire prs fund was generating near to 20% return past 1 year.

Would like to compare will I lose more in potential return for extra rm60 cash rewards, rm60/3000 is only 2%

Just go to fsm, -> funds -> chart centre. You can put it up to 7 funds. You can easily compare how does affin hang prs stack up.

Like I suspected 1 year return, principal retireeasy2050 beats all of AHAM funds. Left it in the dust.

You can lose money with prs as underlying are stocks and bonds. So if market tank, prs will also goes down.

If you cannot see losses,don't bother investing. Dump your money into EPF. Guaranteed no losses. Only losses you have are invisible losses
1. Inflation
2. Opportunity cost

This post has been edited by Ramjade: Oct 27 2024, 10:03 AM

True, probably no comparison on the returns, I'm in it more for the tax relief than retirement planning. Nothing can beat EPF but EPF tax relief is only up 4k, with PRS and life insurance can mark up to 10k in relief. Versa's RM100 is just the cherry for me. Appreciate your point of view Ramjade!