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Private Retirement Fund, What the hell is that??
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bearbearhong
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Oct 21 2013, 12:37 PM
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QUOTE(bizklguy @ Oct 18 2013, 05:42 PM) FSM has a 0% sales charge promotion from 10 October 2013 till 29 November 2013 - http://www.fundsupermart.com.my/main/resea...?articleNo=3953 thanks for the info, looking to open a acc with fundsupermart, hope it is not complicated... was thiking if we maintain a prs with fundsupermart will save some charges as compared with getting an agent right?
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bearbearhong
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Oct 21 2013, 02:17 PM
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QUOTE(felixmask @ Oct 21 2013, 01:12 PM) during promotion time only... thanks bro. Any reliable prs recommended by si fu here?
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bearbearhong
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Oct 21 2013, 02:34 PM
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QUOTE(felixmask @ Oct 21 2013, 02:26 PM) i dont hv....my age only 31...but i choose conservative fund. Economic crisis always a cycle period i waiting for opprtunity to switch when the time is right. It require patient since i hv plenty of time. 2nd tips..alwasy go for waive SC, becoz save your investment capital. My way is OLD MAN, dont follow me, will alwasy lost growth momentum. hahah thanks for sharing
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bearbearhong
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Oct 21 2013, 02:35 PM
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QUOTE(Pink Spider @ Oct 21 2013, 02:27 PM) Take a look here: http://www.fundsupermart.com.my/main/prs/g...tePRSTable.svdoNo, it's not promotional period only, ALL PRS funds u buy thru FSM are at 0% sales charge. Only charge u need to incur would be account opening fee. Check with FSM for details thanks Boss, that would said by subsribing PRS fund vide FSM will save those charges imposed by agent right? As for myself, tot of redeeming the tax relief by just getting a rm3k annual investment and may go for growth fund for the higher return though i know is riskier
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bearbearhong
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Oct 21 2013, 03:07 PM
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QUOTE(Pink Spider @ Oct 21 2013, 02:40 PM) I never invest thru agents, so I dunno what charges there'd be. Why dun u approach some agents and ask them what sort of fees and charges they'd impose? Then u can compare to FSM  since i got to know fMS has this feature, i will opt for FMS, some agents may be helpful and aggressive during signing up of new fund, after a while, no proper advise or service may be rendered from them.
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bearbearhong
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Oct 23 2013, 12:00 PM
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dear all, i am setting up an ppa account thru FSM and getting ready to get a PRS fund, either RHB growth fund or hwang.
would like to check with sifu here,
1. if i go for 1 time RM3k transaction this year, for my upcoming 2014 can i contribute by monthly RM250 for rm3k tax relief instead of one lump sum investment per yr? 2. I know PRS fund cant be fully withdrawn until retirement age/death, what about stop investing ? say after 5 yrs i decided not to continue with any fund at all, so i will not be able to get the tax relief, any other effect?
thanks in advance.
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bearbearhong
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Oct 23 2013, 12:04 PM
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QUOTE(Pink Spider @ Oct 23 2013, 12:02 PM) 1. 3K tax relief is for 1 year, u do lump sum 3K, 1K x 3, 300 x 10 also same 2. Tax relief is for the year in which u contribute only hi bro, u r such an angel understand! what about stop contributing in later years? the fund will just remain there until 55 withdrawal right?
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bearbearhong
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Oct 23 2013, 02:25 PM
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QUOTE(Pink Spider @ Oct 23 2013, 01:18 PM) u can take out...but with tax penalty of 8% if I'm not mistaken thanks bro
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bearbearhong
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Oct 23 2013, 02:26 PM
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QUOTE(wongmunkeong @ Oct 23 2013, 01:48 PM) PRS a/c B only can be taken out b4 55 unfortunately. A/c B = 30% only of yr full PRS  thanks bro, i am investing RM3k per yr, so d ac B 30% is not a substantial amount...haizz
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