Hwang 0% sales charge...think they will pm you?

A Starbucks card worth RM30 will be given out to investors who invest a minimum of RM3,000 in one PRS Fund in a single transaction from AmInvestment Management Sdn Bhd, CIMB-Principal Asset Management Berhad or Manulife Asset Management Services Berhad during the promotion period.

Ha ha ha LOL LOL LOL......
Xuzen

i also want to get the hwang prs too but cannot find any agent

if go to their office, is there anyone to do the prs for us?
or we will be just ignored?

i did mine at their office. (call them first,....just in case person in charge of PRS is not in)
good service and got a cup of nice coffee. or you can try this
Private Retirement Scheme (PRS) Promotion
http://www.fundsupermart.com.my/main/resea...?articleNo=3953

This post has been edited by yklooi: Oct 12 2013, 11:26 AM

wat kopi they treat u?

fundsupermarket looks complicated with all the forms needed to be filled. Prefer sales person do all while minum the free kopi.

looks like 3 in 1 from the pantry but it is good

With this new info, it looks like RHB-PRS is the best bang for the buck.

Xuzen

why rhb?
their prs fund performance good compare to hwang?

Only first time buy need forms. Subcequenly only click of few buttons

For RHB-PRS argument:
i) RHB-PRS YTD ROI is 8.6%; Hwang-PRS = 7.6%
ii) AMF = 1.8% for Hwang; 1.5% for RHB

Argument against RHB-PRS
i) RHB-PRS growth is 100% M'sia equity exposure; whereas Hwang is Asian ex-Japan exposure with around 33% M'sia equity exposure. Hence RHB less diversification and more local centric.

Xuzen

I wonder sometimes,
if PRS scheme offer is investing in UT, or like UT,
what's the difference investing UT directly?

I would rather investing UT directly as whenever need money time, still can withdraw anytime.
or was investing in a poor performance fund, can exit anytime.

Apart of the tax relief, I do not see much advantage of PRS.
While PRS has inflexibility in withdraw issue (as far as I knew), correct me if I am wrong.


This post has been edited by cherroy: Oct 13 2013, 05:55 PM

hwang peform better
http://www.bloomberg.com/quote/HWPRSSF:MK
Hwang ytd = +16.36%

Biggest advantage of PRS = zero sales charge. Can still withdraw..... Just pay 8% penalty to LHDN only.

Once I attended Yap Ming Hui's seminar and he said look at your bank account and other saving vehicle.... Which one has the most money in it?

He said it is KWSP isn't it? Most of the participants said yes. Yap said why is it the biggest chunk? Because you can not get it out.... Hence it is by far the biggest saving you'll ever have. He said human nature makes us very vulnerable to want to withdraw the money and spend it.... It is just human nature.

Xuzen

EPF, we know principal is secured, as well as return (just matter how much, low or high), but with UT, principal is not guaranteed, it can make a good profit as well as loss one.

What if, when retired time, UT register a huge loss?


This post has been edited by cherroy: Oct 13 2013, 06:36 PM

i think the key word is diversify?

how long will the application take?

for ic, can we cross it" for prs application only" before sending to them?

eh Xuzen, can withdraw early (before 55) from A/C A & A/C B meh?
Thought only A/C B (which holds 30% of whatever injected into PRS)?

If both also can take out with a hit of 8%.. hm.. nice.. (especially for 26% taxed).
<rub hands in glee>

This post has been edited by wongmunkeong: Oct 14 2013, 01:24 PM