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Private Retirement Fund, What the hell is that??
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miniram
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 Mar 14 2014, 07:06 PM
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Getting Started
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Hi, I would like to put some moneys in PRS.
But I have no experience on this scheme, so before I proceed, I would like to seek some advice from you.
1. May I know is that any fee such as management fee or other charges required?
2. Budget 2014 state that it will help us to top up RM500 for PRS. How to claim that RM500?
3. Among PBB, Hwang, CIMB, which is the best? (in term of processing fee, management fee and etc etc, or maybe interest)
Any advice is appreciated.
Thanks
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miniram
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Mar 19 2014, 04:53 PM
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Getting Started
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QUOTE(tehoice @ Mar 14 2014, 09:57 PM) 1. yes, the fund houses will charge you a fee. Other charges? check with relevant fund house. 2. All you have to do is to invest at least RM1,000 into your PRS account, and they RM500 shall be in your account sooner or later, I was told you have to wait for a few months for that. 3. Pick up their respective prospectuses and start reading it, it depend on which fund house you like. As for the fees, I did not check with the other fund houses, but there are more or less charging the same amount (AFAIK). Thanks for reply. One more question. Should I directly go to the bank to invest PRS or should I invest through fundsupermart.com? FYI, I don't have account in fundsupermart.com and not familiar with it. Just know I can invest through it. |
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miniram
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Mar 19 2014, 10:51 PM
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Getting Started
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I see, since I'm not very experience on this, I think better get an agent to get more understanding about the investment rather than blindly putting my money on it. Appreciate opinions from you all, thank you  |
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miniram
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Mar 21 2014, 09:00 AM
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Getting Started
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QUOTE(yklooi @ Mar 20 2014, 10:49 PM) Then if I buy through FSM, can I still get the 500 incentives for PRS? |
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