Sep 2 2013, 05:46 PM
QUOTE(cempedaklife @ Sep 1 2013, 07:24 PM)
hi xuzen
i need some advice from you.
as with majority of the ppl, i'm interested in this PRS thing because of the personal tax reduction. so i'm interested to only maximise rm3k into this annually.
is there any different if i were to invest rm3k one lump sum in a year, or could i divide that rm3k into several months? are there only extra charges like in insurance?
i could just invest 3k for the next 8 or 9 years for the tax reduction and then stop investing after that right? it's not going to be like insurance where i need to commit for 10, 15 or 20 years?
if your age defaults you into the 'growth' fund category (this will have great difference on your units' NAV depending on when you purchase it), or you choose to invest into the 'growth' cat, DCA-dollar cost averaging is still the better approach than lumpsum. So, yes I believe we can do it over sevaral months, just bear with the cost/fees for each transaction as stipulated by the providers. There is no statutory commitment on number of investment you would do over the years, just be aware of the withdrawal limitations..i need some advice from you.
as with majority of the ppl, i'm interested in this PRS thing because of the personal tax reduction. so i'm interested to only maximise rm3k into this annually.
is there any different if i were to invest rm3k one lump sum in a year, or could i divide that rm3k into several months? are there only extra charges like in insurance?
i could just invest 3k for the next 8 or 9 years for the tax reduction and then stop investing after that right? it's not going to be like insurance where i need to commit for 10, 15 or 20 years?
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