Hi all, would like to clarify about PRS. I went to 1 of the CIMB branch to enquire about their fund, what I'm being told:
1. the PRS won't give me any interest/dividend;
2. temporary up/down of the price is not going to affect me, so I basically can just buy it any forget about it;
3. and therefore the performance of the fund almost doesn't matter to me, until I'm 55 years old.

Is this how PRS works? so I basically don't need to care too much on the performance of the fund? As I will know the "result" only after almost 20 yrs later.

I see, so means the performances still does matter and I might need switching fund from time to time.

If 1 yrs after my purchase and let say the fund price has increase by 5%, and I’m performing the switch, is the concept the same with stock - my profile will “sell” the fund at current price and earn 5%, then “purchase” the new fund with that total of 105% amount?

Not sure whether this is a good timing, but I’m doing this too late as it’s already Dec and have to make a purchase although I saw some fund is near the peak at the moment