Private Retirement Fund, What the hell is that??
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 Oct 18 2019, 06:45 PM
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#1
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Senior Member
2,722 posts Joined: May 2015 
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I put RM1k in PRS in the year where govt give additional RM1k in PRS for ppl below 30.
Just receive my PRS statement via email (never bother before) but this time i decided to open and see. My total money now is RM1.5k. LOL. From RM1k myself and RM1k govt. My PRS is managed by CIMB. |
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Oct 18 2019, 09:02 PM
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#2
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Senior Member
2,722 posts Joined: May 2015
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QUOTE(MUM @ Oct 18 2019, 08:49 PM) RM1000 youth incentives was from 2017~2018 (2 yrs) before that was RM500 only. Logged in my PPA acc.Losing RM500 from RM1000 initial investment is losing about 50% ROI from this CIMB PRS fund...  wandering which CIMB PRS fund lose 50% since 2017?   Member since: 05/17 - so i guess that’s when I contribute RM1,000. RM1.5k is a bit too low. This is the actual balance as at 1 Jan 2019.  Without the contribution from government, I would definitely making a loss! |
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Oct 21 2019, 11:43 AM
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#3
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Senior Member
2,722 posts Joined: May 2015
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QUOTE(-CoupeFanatic- @ Oct 21 2019, 11:27 AM) u sure u not get rm500 instead of 1k? check back and see Yes sure. I get rm1000 from government. I think RM500 is for YA2016. For YA2017-YA2018 it’s RM1,000 |
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Oct 21 2019, 04:03 PM
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#4
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Senior Member
2,722 posts Joined: May 2015
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QUOTE(MUM @ Oct 18 2019, 09:03 PM) wondering which PRS fund was that, that loses (RM320 out of RM2000 is 16%) invested in May 2017....youth incentive scheme cut off month for calculation was June and Dec.....payment would be Oct and April thus Oct/Nov 2017 was the reinvestment of RM1000. most fund was making money from May 2017 till Jan 2018  QUOTE(-CoupeFanatic- @ Oct 21 2019, 11:49 AM) not sure how the portfolio perform so badly. In any case, your return is still 50% overall. so I just got time to re-register my cimb principal online - i think they rebrand the thing so need to do re-registration for online. my fund name is CIMB Islamic PRS Plus Asia Pacific Ex Japan Equity Class A i remember back then they say can switch fund max 2 times per year - FOC. but i don't see how i can change online in the website. need to go branch is it? since after 2 years++ i'm not even making money, even losing money putting in this fund, perhaps need to reconsider other fund? |
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