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 Private Retirement Fund, What the hell is that??

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SUSCardNoob
post Jul 23 2019, 08:28 AM

Wild Dog
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QUOTE(HP Computer @ Jul 23 2019, 08:24 AM)
I have a PRS account for AIA fund.

Can i buy other fund like kenanga via online PPA platform?
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PPA platform should only allow top up for existing PRS fund.

This post has been edited by CardNoob: Jul 23 2019, 08:28 AM
SUSCardNoob
post Jul 23 2019, 08:32 AM

Wild Dog
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Start saving early

• Financial independence – As the saying goes, “Sikit-sikit lama-lama jadi bukit.” When it comes to investing your savings, the earlier you start, the greater the accumulated returns on your original investment thanks to compound yield. By investing consistently and regularly, you will be able to secure yourself a comfortable retirement without having to depend on others. Work towards accumulating enough to cover the cost of your basic necessities, lifestyle expenses and occasional splurge on luxuries.

• Saving is a good habit to develop – If you start saving for your future from a younger age, you will find that it becomes second nature. It will be easier to put aside some money for retirement. It helps to start with small amounts, especially for young adults who are just entering the workforce, so it is not as overwhelming. How you manage your paycheck will determine how you save for the rest of your earning years. A person who is used to saving on a monthly basis will find it easier to set aside 10% of her salary for retirement as opposed to an individual who is not used to spending her money prudently.

• Gain control over your future – When you set aside money for your retirement, remember that you are shaping your future.

https://www.thestar.com.my/news/nation/2019...QcKFtEfpGJSS.99
SUSCardNoob
post Aug 6 2019, 04:39 PM

Wild Dog
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QUOTE(kim0112 @ Aug 6 2019, 04:37 PM)
Hi all,

is that possible to buy other than one prs fund in other online platform like Fsm1 as currently i've got one bought with cimb bank?

i am planning to buy another prs fund in FSM1 with zero sales charge for the tax relief only.

Please advise.
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Yes.
SUSCardNoob
post Aug 6 2019, 05:28 PM

Wild Dog
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QUOTE(kim0112 @ Aug 6 2019, 04:48 PM)
Thanks~

so dont care how many prs fund u bought and wherever you bought as long as u keep the receipt as the proof then already enuf?
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I believe the info will be proliferated to PPA website/database.
You should have your PPA account right?
SUSCardNoob
post Aug 6 2019, 09:14 PM

Wild Dog
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QUOTE(honsiong @ Aug 6 2019, 09:13 PM)
I did it thru PPA website, why not go through that again?

Didn’t know got other channels lah.
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How much PPA charges for the sale charge/fee?

This post has been edited by CardNoob: Aug 6 2019, 09:14 PM
SUSCardNoob
post Aug 12 2019, 02:54 PM

Wild Dog
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QUOTE(kim0112 @ Aug 12 2019, 02:06 PM)
May I know what is eUT?
*
https://www.eunittrust.com.my/

This post has been edited by CardNoob: Aug 12 2019, 07:34 PM
SUSCardNoob
post Aug 14 2019, 09:17 PM

Wild Dog
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QUOTE(Deathscythe@@ @ Aug 14 2019, 09:15 PM)
May I know top up from PPA or direct from prs company better?
*
Depends on the service fee % being charged.
SUSCardNoob
post Aug 20 2019, 10:26 AM

Wild Dog
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QUOTE(riotx @ Aug 20 2019, 10:17 AM)
any reason eUT is better than FSM? and currently there is only these 2 unit trust platform in malaysia?
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Current these two are the only supermarket based online platform that offers funds from multiple fund houses.

 

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