Private Retirement Fund, What the hell is that??
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 Oct 10 2011, 05:59 PM
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#1
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Senior Member
1,423 posts Joined: Aug 2010 From: Sarawak  
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QUOTE(Hansel @ Oct 10 2011, 01:31 PM) Please consider this risk : Ten years later, this scheme may end up bankrupted, since Gov'ts can go bankrupt nowadays. What do you think of this current Gov't ? Our current GDP-to-debt ratio is the most concerning symbol to represent our current country situation.. But if i can still remember, we are already 52.6% in terms of GDP to Debt ratio.. What do you think it will be if someday we "achieve" 90%" in this ratio? Most of us would have been half dead..  |
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Oct 14 2011, 06:54 PM
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#2
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Senior Member
1,423 posts Joined: Aug 2010 From: Sarawak
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So the Retirement Plan is really not existed yet?
Haha... hopefully the government to announce something about this next year.. We who are in the private sector needs something from this after our retirement.. |
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Apr 29 2012, 05:45 PM
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#3
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Senior Member
1,423 posts Joined: Aug 2010 From: Sarawak
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The Star
According to what i see here in The Star article, some of the companies are offering high risk types of PRS to the public.. Well, from what i see, since its for retirement, putting those money at risks will be not my type... I rather be conservative since those collective monies will be for my retirement, therefore, i rather it be more less risky.. ^^ |
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Aug 30 2013, 08:20 AM
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#4
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Senior Member
1,423 posts Joined: Aug 2010 From: Sarawak
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I think PRS and Regular Investment Scheme in Unit Trust are almost the same concept..
Only change is the name of the scheme into Private Retirement Scheme which makes it more attractive and sale-able. Because service charge or sales charge is included; with quite a risk like the variable unit trust, it is not my type of coffee.. But for those who are spending without control, this is a good force save method.. |
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Aug 30 2013, 08:21 AM
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#5
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Senior Member
1,423 posts Joined: Aug 2010 From: Sarawak
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QUOTE(xuzen @ Aug 9 2013, 10:59 AM) According to Hwang PRS Disclosure document page 36, I think only Hwang DBS offers the zero sales charge for the PRS in the market, right?"All sales charge levied by Hwang Aiiman Growth master fund on Hwang-PRS Aiiman Growth shall be waived" Also, on the same page, it states clearly all management fee shall be charge at the feeder fee level and there is absolutely no double charging of management fee. Mnet, now you can sleep soundly. Go forth now, and invest! Xuzen Correct me if I am wrong..  |
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Sep 2 2013, 02:14 PM
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#6
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Senior Member
1,423 posts Joined: Aug 2010 From: Sarawak
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QUOTE(xuzen @ Aug 30 2013, 11:29 AM) PRS is a scheme that uses the unit trust concept. It is attractive because of the tax-break given by our beloved govt. It is still not sellable (read Star Biz and The Edge or Personal Money). The CEO of PPA Steve Oh says that PRS is slow in picking up. Well, please don't get me wrong.. I am not putting my monies in FD nor Endowment plans... So you are risk averse..... then FD lor or "gasp...cough...Endowment/saving plan...cough...choke...choke" Attention StevenUng, Sithbuster & Colaboy, quick quick PM him and give him a quote. Xuzen |
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