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 Private Retirement Fund, What the hell is that??

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RisK.yO
post Apr 4 2015, 02:55 AM

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QUOTE(T231H @ Mar 27 2015, 09:04 PM)
hmm.gif last year when?....Dec?  notworthy.gif
Page#34 post#664 did ask and some forummers had responded.
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I invested RM3k in September 2014 doh.gif
T231H
post Apr 4 2015, 09:45 AM

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QUOTE(RisK.yO @ Apr 4 2015, 02:55 AM)
I invested RM3k in September 2014  doh.gif
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hmm.gif If they got it in OCT, then I think you will get it in Apr...

This post has been edited by T231H: Apr 4 2015, 09:50 AM


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Kaka23
post Apr 8 2015, 08:20 AM

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Today plan to invest 300 in prs.. smile.gif
SUSDavid83
post Apr 8 2015, 08:43 AM

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QUOTE(Kaka23 @ Apr 8 2015, 08:20 AM)
Today plan to invest 300 in prs..  smile.gif
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Which fund?
Kaka23
post Apr 8 2015, 09:42 AM

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QUOTE(David83 @ Apr 8 2015, 09:43 AM)
Which fund?
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Affin Hwang Growth...
T231H
post Apr 8 2015, 09:54 AM

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QUOTE(Kaka23 @ Apr 8 2015, 09:42 AM)
Affin Hwang Growth...
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no CIMB PRS that feed into Ponzi 2.0? wink.gif rolleyes.gif
~Curious~
post Apr 8 2015, 10:57 AM

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i was wondering izzzit more profitable to buy into prs with RM1k+RM500 youth incentive,or just buy RM1k worth of unit trusts out there.

if im not wrong PRS funds can only withdraw upon reaching 55 y/o rite? I
m not too concerned about tax relief as of yet too.

Wad do you guys think?
T231H
post Apr 8 2015, 11:06 AM

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QUOTE(~Curious~ @ Apr 8 2015, 10:57 AM)
i was wondering izzzit more profitable to buy into prs with RM1k+RM500 youth incentive,or just buy RM1k worth of unit trusts out there.

if im not wrong PRS funds can only withdraw upon reaching 55 y/o rite? I
m not too concerned about tax relief as of yet too.

Wad do you guys think?
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so if you are not concern about the tax relief or the withdrawal limitation....
I think, why not.....50% extra...
as for the performance of the fund compared to others...who knows how it or THEY will go.
why you asked? you think not?
~Curious~
post Apr 8 2015, 12:26 PM

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yeah i thinking the incentive attractive,but wondering shud i take it up coz got restriction on withdrawal.do i need a monthly contribution for PRS?
SUSDavid83
post Apr 8 2015, 01:11 PM

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QUOTE(~Curious~ @ Apr 8 2015, 12:26 PM)
yeah i thinking the incentive attractive,but wondering shud i take it up coz got restriction on withdrawal.do i need a monthly contribution for PRS?
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No need.
TSyong417
post Apr 8 2015, 03:26 PM

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QUOTE(T231H @ Apr 8 2015, 09:54 AM)
no CIMB PRS that feed into Ponzi 2.0?  wink.gif  rolleyes.gif
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Ponzi 2.0?? shocking.gif

i m looking to invest in CIMB fund nxt year wo....
T231H
post Apr 8 2015, 03:30 PM

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QUOTE(yong417 @ Apr 8 2015, 03:26 PM)
Ponzi 2.0?? shocking.gif

i m looking to invest in CIMB fund nxt year wo....
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Ponzi 2.0 = CIMB-PRINCIPAL ASIA PACIFIC DYNAMIC INCOME FUND
http://www.fundsupermart.com.my/main/fundi...umber=MYCIMB007

CIMB-PRINCIPAL PRS PLUS ASIA PACIFIC EX JAPAN EQUITY - CLASS C
http://www.fundsupermart.com.my/main/fundi...umber=MYCPPRS5C
http://www.fundsupermart.com.my/main/admin...etMYCPPRS5C.pdf

This post has been edited by T231H: Apr 8 2015, 03:33 PM
weixuan
post Apr 8 2015, 03:45 PM

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I wrote in to PPA enquiring about the youth incentive and this is their reply:

For the youth incentive pay-out, kindly note that there are two reporting periods in each calendar year during the PRS Youth Incentive program between 2014 to 2018. The first reporting period is conducted for transactions from 1 January to 30 June and the second reporting period is conducted for transactions from 1 July to 31 December. The incentive pay-out for the first reporting period had already been distributed to qualified Members’ PRS accounts in early October 2014. In regards to the incentive pay-out of RM500 for the second reporting period, it will be credited into qualified Members’ PRS account after March 2015.

So should be somewhere this month...
SUSyklooi
post Apr 8 2015, 03:48 PM

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QUOTE(weixuan @ Apr 8 2015, 03:45 PM)
I wrote in to PPA enquiring about the youth incentive and this is their reply:
........
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rclxms.gif Thank you for your effort and actions... appreciated them notworthy.gif notworthy.gif
Kaka23
post Apr 8 2015, 05:41 PM

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QUOTE(T231H @ Apr 8 2015, 10:54 AM)
no CIMB PRS that feed into Ponzi 2.0?  wink.gif  rolleyes.gif
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nola.. Ponzi 2.0 using cash investment
T231H
post Apr 8 2015, 05:43 PM

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QUOTE(Kaka23 @ Apr 8 2015, 05:41 PM)
nola.. Ponzi 2.0 using cash investment
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if go thur PRS...0 SC
but got withdrawal restriction
TSyong417
post Apr 8 2015, 06:24 PM

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i see~

i plan to buy in one fund house's PRS a year for RM3k to save RM8 (+ 6%) tongue.gif tongue.gif

so, CIMB PRS still can be under my watchlist la.. biggrin.gif
T231H
post Apr 8 2015, 06:44 PM

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QUOTE(yong417 @ Apr 8 2015, 06:24 PM)
i see~

i plan to buy in one fund house's PRS a year for RM3k to save RM8 (+ 6%) tongue.gif  tongue.gif

so, CIMB PRS still can be under my watchlist la..  biggrin.gif
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hmm.gif IF the right PRS horse is selected......the returns are much more than that..
Kaka23
post Apr 8 2015, 08:00 PM

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QUOTE(T231H @ Apr 8 2015, 06:43 PM)
if go thur PRS...0 SC
but got withdrawal restriction
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Ya.. Restrictions
TSyong417
post Apr 9 2015, 11:15 AM

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QUOTE(T231H @ Apr 8 2015, 06:44 PM)
hmm.gif IF the right PRS horse is selected......the returns are much more than that..
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me cheapskate a bit~~ tongue.gif tongue.gif

try to make every sen work~~

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