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 Private Retirement Fund, What the hell is that??

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honsiong
post Oct 9 2018, 09:46 PM

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QUOTE(lwhtiffany @ Oct 5 2018, 01:59 PM)
thank you for the info. if for long investment, which PRS we recommend?
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Just started, and I anyhow picked CIMB AAXJ class C.

If you don't need to touch the money for decades, go for high risk high volatility one.

My beef with the funds is that their expense ratio (management fee in the fund sheets) is pretty high at 1.5% p.a. I am currently using StashAway (0.8% p.a.) and their underlying ETFs all < 1%.
honsiong
post Oct 9 2018, 10:02 PM

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QUOTE(MUM @ Oct 9 2018, 09:57 PM)
cry.gif using that...cannot have income tax benefit  cry.gif  cry.gif
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They don’t rompak our capital gains tax very good ady.
honsiong
post Oct 9 2018, 10:36 PM

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Eh I got no income in Malaysia also. Good info, will take note.

This post has been edited by honsiong: Oct 9 2018, 10:37 PM
honsiong
post Oct 9 2018, 11:35 PM

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QUOTE(Ramjade @ Oct 9 2018, 10:52 PM)
Er you do know ETF investing is always cheaper right? That's why you must buy a fund which can beat the ETF consistently.
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K lah for the RM1000 bonus (hopefully it's real) I won't complain that much lah. Maybe after this won't put any more into PRS.
honsiong
post Oct 11 2018, 10:55 AM

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Eh I signed up and paid RM1000 on Tuesday night. Till now Thursday still didn't get anything from PPA/PRS. Don't even know whether my order for the fund went through or not :/
honsiong
post Oct 11 2018, 08:39 PM

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QUOTE(Sumofwhich @ Oct 11 2018, 08:27 PM)
RM8/year? So it isn't entirely free with them, that was the catch, RM8/year for each PRS account with them?
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If you invest RM1000 with them, that's 0.8% p.a.

If you have RM100,000, it diminishes down to 0.008%, not bad.
honsiong
post Oct 11 2018, 09:21 PM

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I can't seem to find how long will it take to open my account, been waiting since Tuesday.
honsiong
post Nov 3 2018, 12:34 PM

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QUOTE(al_madd @ Nov 1 2018, 12:48 PM)
my unit trust fir PRS CIMB Asia Pasific having negative profit first ever since 3 years ago..
is that a bad sign for the future?
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No. Don't panic sell, hodl.
honsiong
post Nov 3 2018, 06:38 PM

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QUOTE(EatFriesEggs @ Nov 3 2018, 05:42 PM)
Just registered via PPA, topped up RM1k exactly at registration. Now waiting for account to be processed. How many days does it take?

I shall be eligible for the additional RM1k as well right? I need not to contribute RM1.1k right in case of fees etc.
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Took 1 week for me.
honsiong
post Dec 15 2018, 12:48 PM

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Just got RM1000 bonus!
honsiong
post Dec 15 2018, 12:56 PM

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QUOTE(MUM @ Dec 15 2018, 12:51 PM)
thumbup.gif
just for the benefits of others....when(which month this year) did you put in the money?
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October 2018 - got the bonus on 10th December.
honsiong
post Dec 16 2018, 01:46 PM

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QUOTE(Omgf @ Dec 16 2018, 01:35 PM)
How to check the rm1000 bonus?
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Login and find out you have RM1000 extra from government contribution. All gov contrib goes into account A.
honsiong
post Dec 22 2018, 12:28 AM

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QUOTE(skyblack4492 @ Dec 22 2018, 12:11 AM)
i also just simply choose one fund and invest rm1100.  do i able to get rm1k incentive?
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Yes. But dunno they finished the event or not, still the money is yours at the end of the day so why not do it.
honsiong
post Dec 22 2018, 12:59 AM

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QUOTE(skyblack4492 @ Dec 22 2018, 12:36 AM)
you invest early dy? already get the 1k incentive?
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Invested in October. Got it on 10th December.
honsiong
post Dec 22 2018, 09:26 AM

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QUOTE(MikeLeo @ Dec 22 2018, 09:23 AM)
Is it normal for the fund to request for your bank statement, utilities bill or mobile phone bill after registering with them ?
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I didn't get asked for any of those. Which fund provider asked for those?
honsiong
post Feb 16 2019, 02:37 PM

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QUOTE(Ramjade @ Feb 14 2019, 01:05 AM)
Keep. No need to sell. You sell you kena penalty of 8%. Overtime,  it will be worth something. Of course along the way if something better come,  can transfer to that say stashaway if they become a PRS provider.
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If the tax relief ends in 2021, won’t bother with PRS ady.
honsiong
post Feb 16 2019, 03:46 PM

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QUOTE(Krv23490 @ Feb 16 2019, 03:22 PM)
Ya me too, just leave whatever you have put in there. What makes you guys think StashAway will become PRS provider?

It would be awesome if they did!
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They are one of the SRS scheme providers in Singapore. PRS copy SRS so why not.
honsiong
post Feb 17 2019, 02:39 AM

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QUOTE(yokoloco @ Feb 17 2019, 12:36 AM)
Want to ask, where do I check the prices for the PRS NAV so I know when I want to buy in a lump sum. is there a site where i can track the daily prices?
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I use Bloomberg as data source in Google Sheets.
honsiong
post Feb 17 2019, 10:06 AM

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QUOTE(Ramjade @ Feb 17 2019, 09:50 AM)
You do know that unit trust NAV is delayed by 1-2 days right?
Also NAV can as mentioned can be manipulated by fund manager to make it drop like giving dividend or do a unit split.

So what you see low maybe few days ago price... Buying low have it's own risk too. Low can go lower.

You can check out FSM page of the fund you are interested in,  they will list  down the NAV price for past 3 months.
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I don’t believe in timing the market also. Just buy and it will still go up in long run.
honsiong
post Feb 17 2019, 03:12 PM

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This is how you can fetch PRS current NAV from Bloomber in your Google Sheets, it works on PRS funds that have a Bloomberg ticker.

Assuming your fund provider is CIMB, and you invest in CIMB-Principal PRS Plus Asia Pacific Ex Japan Equity class C like me:

1. Find the bloomberg ticker for the fund. In my example, can just google "<fund name> fact sheet". In CIMB AAXJ, the Bloomberg ticker is "CPAEJEC:MK"
2. In Google Sheet, type this in formula bar, replace the ticker with your own.
CODE
=ImportXML("https://www.bloomberg.com/quote/CPAEJEC:MK", "//*[@class='priceText__1853e8a5']")


Yahoo Finance not friendly for scraping dy, hope won't Bloomberg uturn do the same.
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