Any full time agent that you guys can recommend? Which PRS do u guys recommend? Different PRS organiser have different rate?

I read online of the various level of risk but Im still at loss. Whats the pros n cons beside higher risk = higher return/loss?

Lol. Guaranteed IF there is such promo this year.

IF.

ok fine, got a point. that one immediately got some few hundred bucks back in cash.

but don't forget also, you cannot withdraw the money until you're 55.

so assuming if the tax relief thing is only until 2022 and the gomen didnt extend the tax relief perk.

then your money is stuck in there for another dunno how many years.

let's throw in a scenario, if you're 30 this year and you can still qualify for the tax relief for the next 2 years.

assuming RM3k x 24% tax savings = RM720 per year x 2 = RM1440 for the next 2 years and no more after that.

then assume your fund is stuck inside until you're 55, means 55 - 32 = another 23 years to go.

assuming the fund only make 3%, or 4% which means you stand to gain 1% p.a. for the next 23 years.

wouldn't you be better off in the long run until 55, having your money in the FD with compounding effect than the tax savings + PRS?

i thought PRS contribution can be stopped anything...thus it is not a forced saving instrument

so is it recommended to continue contributing after 2022? Since no more tax relief.

I saw these 2 are performing quite well, any comment? worth investing?
AmPRS - Islamic Equity Fund - Class D
AmPRS - Islamic Balanced Fund - Class D

Let say one of the PRS fund the current NAV is 0.3, 10 years later still the same or just raise to 0.4.

May I know how people earn from this kind of fund? Is it invest in PRS now and just get the money back when retirement, no need keep sell/switch fund?

Invest 3000 now, 30 years later will get how much?
Sorry im newbie to PRS.

I buy  through FSM online.
Now Reits low, hope it will pick in 10 years

yup, i don't plan to go for same fund house, meaning left with kenanga, manulife or rhb

prefer outside malaysia, but limited funds on FSM. i shall wait and see if eunittrust has such promo. on the other hand, seems like kenanga is already back to pre-march level. shouldn't be that bad right?

Which good PRS fund investing in Malaysia from other platform?
Can intro a bit?

If you buy from FSM and eUT, there's no sales fee at all right?
And the RM 8 administration fee is one-time deal and is charged by PPA and PRS provider.
Please don't confuse new investors.

I'm looking into these recommended funds.

Is it worth the risk if the 3 years annualised return of a bond fund is better than the equity funds, given most return of the equity funds are in this year (refer YTD)?

That's not the point. Somebody thought they don't need to pay RM 8 by buying a new fund every year, when topup require RM 8.
My understanding is that we need to pay RM 8 as long as we make contribution after the first year (and per provider), whether it is a new fund or topup.
Sure, we don't want to be penny wise, pound foolish.

Personally, I won't put more than RM 3k into PRS funds in a year.
Find a long term stable fund, just to maximise the PRS tax relief quota.
If not for tax relief, I would totally avoid PRS funds.

RM 3k is a small amount, quite a waste to split into 2 or more PRS funds in a year, with each RM 8 extra charges.

After that, to generate return, better find somewhere with higher return and lower fee. 

Just my 2cents.

Yes. After comparing 2 popular equity funds and a popular bond fund in the PRS limited selections, the risk is not justified for the reward.
Many active funds statistically hardly beat the market for many years consecutively.
Pretty common they're very very good for few years, but lost all in 1-2 years.
Given these funds consists less than 100 holdings, each holding rise or fall will give you worse or better returns comparing the World Index (close to US Index)
And star fund managers come and go, who will determine the performance.
Also, very high annual fee.

Sure, there are some very successful active funds for many decades, notably WB's BRK.
But how many WB in 8 billion people?
Recently, ARK funds too very hot (but still a very young fund).

I couldn't find broad-base passive fund in PRS.
But the tax relief is worth it.
If there is one (equity or bond), I will just invest into it.
Now, is it just choosing the most suitable among the worst.
Like voting for BN or Harapan 
I currently will go for the bond fund, lower risk, lower return but stable.
I revise my strategy once a year, but most probably stick.
Low expanse ratio, broad-base passive index funds or ETFs.
Avoid over-weighted to home country.
For example VT, VTI or equivalent.
Still can get minimum annualised 8% for past decades.

Decided an asset allocation that delivers solid returns and allows me to sleep at night, and then forget about it!
I will better put all focus on my active income, i.e. business or salary.

Currently I'm considering only the three, i.e. 2 equity funds and 1 bond (refer the morningstar screenshot).
Totally agree with Equity for long term.
But not any equity fund. Definitely not active equity funds.
As stated, 50%+ of my current networth is directly with Vanguard Van1579AU (100% equity passive fund).
How many 30+ years company you know not yet disrupted by younger companies?
Those in my mind, Apple, maybe Berkshire, IBM, ... even IBM had been disrupted.
All the old car manufacturers are incomparable to Tesla now, a relatively very young company....
That is totally possible that you will forget about Tencent or Alibaba in years, without WW3 or Alien invasion.
Tech disruption is too common nowadays, especially in China or emerging markets.
For example, if Xi wants Alibaba (Jiang's line) disappeared, Alimama (from Xi's line) can easily replace it, no worry for that.
That said, it is also possible Alibaba will be the 100-year-old undisrupted company as they visioned.
Think statistically.
PRS is only the pure bond I'm watching, as of now.
Another bond I found in my asset is in Akru robo advisor (only 2%), which I don't have a choice for it :-P
That's fine since totally negligible in my whole asset. 

Actually, I always recommend 100% equity fund, not any any equity fund, but a passive world broad-base equity fund.
People parking their liquidity in FD or Stashaway Simple.
I parking at akru portfolio 10 (highest risk).
Leaving only +-10k cash in bank for short-term liquidity.
As long as you have cashflow come in, nothing to worry.
Worst case scenario, like WW3, I can withdraw from equity fund, selling property, .... at lose.

As you observed, in some sense, I'm totally ok with risk.
But, I'm still quite risk-averse, try to avoid active funds.

I know I will lose many opportunities, but that's fine.
I focus more on opportunities in business that I directly own or control.
The business is actually riskier, but it is something I can control.
The one year return from business or any active income can be more than 10 years return from an investment.

Worse if your capital is small.
For example with RM 100k capital, with 100% ROI, it is only another RM 100k.
Most retail investors have less than that, 100% ROI is quite hard...
Those I couldn't control, I will default to world index fund, high likely to continue annual return of 8% without wasting my brain power and peace of mind.

So, I actually think young people (less or no capital) should start businesses, not focus on investment return.
Different case if you're a fund manager, your return is from mainly fee, before investment return.

Just a sharing la ;-)
People's different opinion mah.

aiyoh, too late nampak this AmPRS - Asia Pacific REITs - Class D dip lagi.....4.06pm oledi

No,  i won't promote it bcoz takut salah promote.
But normally when the fund really low, no body dare to enter, takut pancit n x dpt fly high.

But when the fund spike high, ppl will said now oledi high, wait dia turun baru in. 🤭🤭🤭