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 Private Retirement Fund, What the hell is that??

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felixmask
post Mar 13 2013, 02:57 PM

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QUOTE(city_bug @ Mar 13 2013, 02:53 PM)
You still able to draw from Sub Account B subject to 8% tax penalty. Else wait until retirement at age 55.  biggrin.gif
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i thought retirement change to 60.
felixmask
post Aug 30 2013, 08:32 PM

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QUOTE(xuzen @ Aug 30 2013, 11:31 AM)
At this moment only Manulife and Hwang offer zero sales charge. Don't bother with Manulife... they are after corporate clients only. You = ikan bilis = waste of time.

Xuzen
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FEE COMPARISON
http://www.sc.com.my/main.asp?pageid=1286&...=&linkid=&type=


Any one attend PRIVATE RETIREMENT SCHEME EXHIBITION ?
Service charge was waive on that day for those invest on that day event.
I went there, too bad i submit my PRS 1 month before this event.
felixmask
post Aug 30 2013, 09:32 PM

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QUOTE(xuzen @ Aug 30 2013, 09:26 PM)
Just go with Hwang-PRS... everyday is exhibition day for them.

Xuzen
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got free gift?
felixmask
post Aug 31 2013, 11:03 PM

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QUOTE(xuzen @ Aug 30 2013, 10:06 PM)
Take the exam and be a Hwang-PRS agent... then everyday you get free gift aka hwang-PRS rebate a small percentage of their annual mngt fee to you if I recall correctly is 0.75% p.a.

Xuzen
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oic....how much taking the exam be PRS consultant ? if 0.75% = exam fee then is good.
felixmask
post Sep 1 2013, 08:19 AM

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QUOTE(xuzen @ Sep 1 2013, 02:51 AM)
RM100.00, then RM 100.00/p.a.. To maximize it, you need to buid up RM 13,333.33 Asset Under Management to justify this expense only then it becomes cost efficient.

I am way pass that magic number liao... paiseh, paiseh.
blush.gif

Xuzen
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hmm.gif minimum 5 customer invest rm3k annually....


thanks xuzen.
felixmask
post Sep 4 2013, 11:30 AM

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QUOTE(kochin @ Sep 4 2013, 10:42 AM)
can we have a table comparing all prs performance to date please?
bare in mind, an annualised figure would be more representative since some of them started early, and some late.
who's the best performer so far? i heard it's hwang by miles. anybody can verify?
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I attach fund NAV from PPA websites.
Since the fund juz start ages less than 2 year, you can used current NAV to recalculated the performance since launch.
I didnt hv their annualy performance result.


Attached File(s)
Attached File  PRS_fund_performance.doc ( 112k ) Number of downloads: 216
felixmask
post Sep 12 2013, 04:00 PM

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QUOTE(familyfirst @ Sep 12 2013, 03:56 PM)
Oh i see, thanks.

It it compulsory to go thru agents for any of those PRS providers?  Can I do it online & buy it myself via my PPA account?
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Currently you cant. Alot form need to fill up that not availble online. Require few parties to do so.

Furthermore PPA administration done by India Deuthce Bank.

All the form fillup data entry at there include IC verification and scanning to PPA system.
felixmask
post Oct 18 2013, 10:03 PM

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QUOTE(jimliew @ Oct 18 2013, 08:44 PM)
How to start this PRS fund? Go to CIMB branch? Really noob here. THanks
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All the provider list,
http://www.ppa.my/providers/providers-schemes/
felixmask
post Oct 20 2013, 11:31 AM

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anyone realize PPA website underupgrade...didnt mention when they complete.

when can sign on to ppa ? anybody call PPA center ?
felixmask
post Oct 20 2013, 07:52 PM

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QUOTE(umapathy @ Oct 20 2013, 07:24 PM)
If i already have PRS account, i cant start to invest in any funds i like right?

Please advice.

Thanks
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no you can invest what fund you want in PRS so do other fund by provider offer.

PRS is juz long term fund basket; SC hv regulate fund house shlould provide basic fund; conservative;moderate and growth.
Once you put you need to wait until retirement age to withdraw.

There is plenty of provider of PRS and all the PRS have 3 basic fund;conservative;moderate and growth.


Most of PRS provider are fund house; you can buy other that PRS fund..

Hope i able to understand your question correct.
felixmask
post Oct 20 2013, 08:01 PM

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QUOTE(umapathy @ Oct 20 2013, 07:58 PM)
Im already invested in Hwang Growth Fund. So if i want to invest with let's say AIA i don't have to fill up the forms and just can invest via Fundsupermart just like that bro?

Or i need to go to AIA office and register?
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fundsupermart dont offer AIA fund.
Once you are PRS member(bought any PRS fund from any PRS provider) you no need to fill up PRS new member.
But you need to fill AIA PRS purchasing form. You need to go AIA office. Suggest you go AIA HQ at lebuh Ampang..their customer service are good; include photocopy your ic becoz they want your business.

This post has been edited by felixmask: Oct 20 2013, 08:03 PM
felixmask
post Oct 20 2013, 08:21 PM

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QUOTE(umapathy @ Oct 20 2013, 08:04 PM)
What about i want to invest in Hwang Aiman Growth Fund?

AIA PRS - is there any minimum contribution like RM250 monthly need to be dumped in?

Can I invest via Fundsupermart on Hwang Growth Fund which i already bought bro?
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You need to check is AIA offer PRS for those paying minimum rm3k, they waive sales charges,.

Fundsupermart is offer PRS waive sales charge with minimun rm3k invest.
http://www.fundsupermart.com.my/main/resea...?articleNo=3953

You different Hwang Aiiman Growth fund not a PRS fund , their PRS fund call HWANG PRS GROWTH FUND.

What invest you in Hwang Aiiman Growth fund you not entitle/separate from PRS fund benefit.
felixmask
post Oct 20 2013, 08:34 PM

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QUOTE(city_bug @ Oct 20 2013, 08:31 PM)
Receive email from PPA, the new system will be up on 21st Oct and you need to register again.
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PPA new system is up, hv you try to login or register as 1st login?

I try mine....but prompt me when i register 1st time login "PPA Number Does Not Exist Or Telephone Number Is Incorrect."

while try to login prompt me "Invalid User ID."

This post has been edited by felixmask: Oct 20 2013, 08:36 PM
felixmask
post Oct 20 2013, 08:48 PM

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QUOTE(umapathy @ Oct 20 2013, 08:44 PM)
Hwang AIIMAN PRS Shariah Growth Fund is a PRS fund bro.
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Im referring Hwang AIIMAN Growth Fund since you didn't stated in full.

http://www.fundsupermart.com.my/main/fundi...erateTable.svdo

This post has been edited by felixmask: Oct 20 2013, 08:49 PM
felixmask
post Oct 20 2013, 09:01 PM

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QUOTE(umapathy @ Oct 20 2013, 08:59 PM)
Hai Bro,

Sorry for the confusion. Hwang AIMAN Growth Fund is also good.

But this PRS stuff works just like Unit Trust Investment.

Please advice.

Thanks
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yes...like unit trust & epf....you cant witdraw until retirement age. Good thing you enjoy tax rebate with normal unit trust dont hv.
felixmask
post Oct 21 2013, 01:12 PM

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QUOTE(bearbearhong @ Oct 21 2013, 12:37 PM)
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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during promotion time only...
felixmask
post Oct 21 2013, 02:26 PM

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QUOTE(bearbearhong @ Oct 21 2013, 02:17 PM)
thanks bro.

Any reliable prs recommended by si fu here?
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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.


felixmask
post Oct 22 2013, 11:02 PM

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QUOTE(guy3288 @ Oct 22 2013, 11:00 PM)
WHich Hwang PRS you bought?At what price? So must buy when the price is lower? Timing it?

I am also thinking to buy Hwang PRS.
just dont know which one is better,..?Hwang PRS Growth fund  or ?Hwang PRS Aiiman Syariah Growth fund.

Anybody can suggest taking into account the current prices of the 2 funds, which is better?. Hope to enter at lower prices .

By the way where to check the PRS fund daily prices?
when i check the fund prices it does not mention the PRS word. So is the price quoted for
Hwang Aiiman Growth = Hwang PRS Aiiman Syariah Growth fund?

And, Hwang Growth fund not listed in the price list how come?

Thanks.
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http://gllt.morningstar.com/e6qvxuu98r/fun...GB&tab=Snapshot
felixmask
post Oct 23 2013, 12:17 PM

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QUOTE(bearbearhong @ Oct 23 2013, 12:04 PM)
hi bro, u r such an angel  thumbup.gif

understand! what about stop  contributing in later years? the fund will just remain there until 55 withdrawal right?
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YOU cant report in your TAX form for rebate. the fund only can withdraw 55year old.
felixmask
post Oct 24 2013, 01:51 PM

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QUOTE(simplesmile @ Oct 24 2013, 08:55 AM)
With pressure from the financial industry (especially UT industry because they want to keep your fund longer so they can earn another 5 years management fee), I am sure the withdrawal age will change in several years time.
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retirement age implemetation juz this year, mostly wait gradually another few year to standarize.

Else there is out cry, for those who retire this year; escpically EPF and UT cant be withdraw with the new changes.
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