so I place 1k into a Prs fund. keep in there for two years. instant cash for 1k. that's 100% return. nice

some will still be interested to start saving......just for the tax relief (ending 2021?) and for the youth incentive benefits.....thus many would stop after those goodies stopped.....

Btw if you want to make the most for long term, at least from the current selection:

i) Kenanga OnePRS Growth Fund
--- which ride on KGF
ii) CIMB-Principal PRS Plus Asia Pacific Ex Japan Equity - Class C
--- which ride on Ponzi 2.0
iii) AmPRS - Asia Pacific REITs - Class D
--- which ride on AMASIA PACIFIC REITS - CLASS B (MYR)

That's at least observable performance based on the riding fund's performance, but PRS performance period is quite limited (at most 3 years), so if you think the above overap your UT portfolio and you mind having them, then you might need to wait longer to find better alternatives PRS

guys any comment on

-AMPRS - ASIA PACIFIC REITS - CLASS D
-CIMB-PRINCIPAL PRS PLUS ASIA PACIFIC EX JAPAN EQUITY - CLASS C 

hope the tax relieve will stay long after 2021 =x

when you purchase your unit trust. your unit trusts are under the platform that you use that's why you don't fill paper work where as prs you need to fill forms because those funds will be registered to you.

hence why I asked why change platforms when the prs funds already belong to you? annual charges which are different? if so fsm has an 8rm charge per annum

from PPA
annual fee - RM8 charged yearly per Provider (not payable in the year the account was opened and in the year where there is no contribution)

so it mean if we doesnt top up that year, we are not charged rm8 ?

i m a bit cheapskate, dont want let them buta buta charge rm8/ year.. if not going to cont with the PRS

sorry. i got a question about annual charge:

Scenario 1:
If i got 2 PRS fund and i top it up in one particular year, so i have to pay 2 times annual charges?

Scenario 2:
If i got 2 PRS fund but i only top up in one PRS fund (let said PRS A) this year, then i top up PRS B next year, so i only have to pay one time annual charge?

no sure u guy understand what i mean...

Hi,
I am 29 this year and were planning to invest in PRS to get the tax relief and 500 incentive. My question, if I invest now, will the government give another 500 for me in next year since the budget 2017 will increase to 1k and next year I still not reach age 31 yet, or I will only get 500 as the investment is done in this year?

If I only able to get 500, should I wait until next year only do the investment?

Anyone knows on extra topup by gov of 1k if u invest 1k or more in prs in 2017?

Suppose for 30y.o and below.

Question: Management fee + Trustee fee + PPA administration fee.

1) Above fees need to pay every year ?
2) How they charge us ? Direct deduct from the amount of money we already put in the fund ?
3) If the fund I buy, NAV drop and no dividend declare, then the amount of money for my prs fund will become lesser ? Rugi, right ?

Questions: 3k tax relief estimate can save how much money ?

TQ

so guys... whats your pick on the PRS fund.. which one you think is going to perform in the coming years ? Considering Kenanga OnePRS... but minimum investment is RM1k .. (wanted to invest less than RM1k so that i can get PRS youth incentive of RM1k next year) .....

How does PRS work in the long run?

I have one myself (with Public Bank) to take advantage of the RM500 government contribution. But after I deposit in RM250 to my account through http://www.ppa.my/ , they give me only RM234.08, which is 6.37% less than what I put in.

If that's the standard fees they charge for each transaction/contribution, you don't really make a lot of money in the end, after getting 6~7% off them every year, do you...? It doesn't quite make sense to me.

would like to know how exactly this prs works, read through all the details at the website but still dont get a clear picture of it. Let say i wish to get the 1k incentive, does that mean i have to pay 1k, one time off, then after few months i can get back the money together with the interest? And is this consider high risk investment which there is chance that i might lose my invested amount of money?

PRS is practically buying a UT and keep it until retirement age. You cannot touch the money until you are retired. Yes. One time only. THe RM1k incentive will be given to you once you are at 55 years old. Once money is put in, you can see the money but cannot touch it until you are 55 years old. If you withdraw early, I believed there is hefty fines.

You won't lose 100% of the money. Because over 30+ years takkan the market stay down forever meh? Also, it depend on which fund are you buying. If you choose the wrong one, you will get about FD rates (which is bad). Choose the right one and you can get ~5-10% pa.

The RM1k is just one part of the story. Until 2021, if one put max RM3k inside there/year, one can get RM3k worth of income tax relef. 

But you cannot remove that RM1k right?

if invest PRS via FSM, do i make purchase after i post the documents or have to wait for them to receive documents only purchase?

Thanks for the useful link. Looks like AIA in 6 months return so far is in the top 5

[attachmentid=8465290]

most of the fund I know are benchmark against invested equity market index, except some using annualized return benchmark.

for fair comparison, we should include the KLCI index as well, and here is what the number try to tell us:

FBM KLCI

-2.02%

8.02

1. if you (100%) invest in local stock market like KLCI index fund, after 3 yrs you get negative return with 8% volatility.
2. PRS core fund structure of equity/bond is designed such a way to reduce volatility and smooth out the longterm return through up-and-down cycle.
3. example core growth fund (70%) reduce volatility to 6%, yet get 5% positive annualized return.
4. you can choose to lower the volatility further to 5%, with core moderate fund (60%), still get 4% positive annualized return.
5. if you are at the end of your investment plan and going to cash out soon, core conservative fund (20%) will give lowest volatility of 2%, which give you the enhanced fixed income return of 3%.

PRS is design in a way that you still need have some DIY effort over the default core fund:
step 1. age before 40: core growth fund
step 2. age 40-50: core moderate fund
step 3. age after 50: core conservative fund

unless we have introduce "PRS core target date fund" which will auto the three steps for you.

How can we apply automatic monthly deduction from bank account to purchase CIMB PRS fund via Fundsupermart?

But I can't see any PRS funds under RSP.

xuzen / Ramjade, may we have your thoughts on Affin Hwang Growth/Moderate funds?

For specific funds in PRS, how/where do I check the actual 'Annual Management fee' charged?

[attachmentid=8502262]

Says 'Up to.....', in the PPA website..