How much u invested?

Hi, any PRS fund recommend, just want to take advantage of gov rm 1000. the agent is recommend me Public bank PRS Strategic Equity Fund

Buy cimb asia pacific prs. Avoid anything related with public mutual. They are lousy funds.

If you buy from FSM, 0% service charge.
If you buy from banks/public mutual, you will kena charge 3%

just view it, the return like very good

Thanks man

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Pm me if anyone is interested, where I can explain to you all further.

Thanks

Hi guys,

I've seen a couple of posts pertaining CIMB PRS scheme, but not able to find a dedicated thread. Would appreciate your time to feedback on some of my concerns:
1. May I confirm this is low/ no risk? I am not able to find sufficient information to tell that this scheme is protected (or at least principle guaranteed) by PIDM
2. How would the final returns be like? (eg 15 years @ RM1253 per month for a final figure of RM436k will I be able to withdraw this at one go?)

Thank you

1. no unit trust is protected by PIDM. so nope, not protected.
2. final returns depends on the market. nobody knows what will happen 15 years ahead. worst case scenario, you lose all your money.

just to add more....
Private Retirement Schemes in Malaysia – Risk Factors
https://www.imoney.my/articles/prs-risk-factors

Oh dear

Are low risk/ guaranteed investments that I should be researching?
I have tried FD, but would like to explore further. I have managed to save up to RM20k for upfront principal and monthly RM1.5k top up.

self contribution into EPF?

Yes I have taken that into account as well.
However that's pretty much a 1-way street right, I'll not see returns till retirement?

Anything other than FD that is low risk, but slightly better returns?

bond funds. you may try exploring FSM thread.

Is this it? https://forum.lowyat.net/topic/4193169

with capital protection/returns guaranteed?....
let me know if you found it....

bond funds are not capital or returns guaranteed......

PRS max one should buy is RM3k/year. Also don't just simply buy. Buy the right one can you can beat EPF return. Buy the wrong one, you get FD normal rate/worse than FD normal rate.

All unit trust in malaysia is not PIDM protected.
If you want safe, pseudo FD, Amanah saham fixed price fund. Buy and sell units at RM1/unit. Some considered it a high interest savings account, I considered it FD on steroid.

Keep in mind it's a political fund. It was created to help people. You will beat FD rates. You may beat EPF rate. Expect min returns to be 6% pa. Even though it's priced at RM1/unit (theoretically making one unable to lose money), it's not PIDM protected. There's also opportunities cost. Eg. put into kenanga growth fund can nett you say 15% pa. But also (-) return pa (depending on how is malaysia economy). But with amanah saham fixed price, you will get 6% a year only (regardless the economy as it have been shown numerous time already)

There's no shame in putting money in amanah saham. Some call it kiddie pond but everyone starts somewhere. I started with board rates FD > promo FD rates > amanah saham > Unit Trust bought via FSM > Singapore reits and stocks (this is more of dividend investing + collecting real SGD cold hard cash + singapore unit trust (since I am going to move out my UT out from FSM MY as in the long run my view is that RM will depreciate against the SGD)

One day, you will come to the conclusion that PIDM protected will not help you to grow/preserve your wealth as I have. I used to look for "capital protected". Well not anymore. You need to do what you gonna do.

This post has been edited by Ramjade: May 21 2017, 03:00 PM

Thanks, this is great info.
I am still rather new, and probably on the same path you started on.
I have zero knowledge on UT, and have no idea on where to start learning about it

In any case, will check out Amanah Saham and FSM.
Is Amanah Saham applicable to non-bumi though?

Go hang out at FSM thread and you will learn bunch. I learned from there before daring to make the move to SG UT.

One word of advise:
1) avoid those agents selling you insurnace savings plan, unit trust. You will lose more money while they will make more money.

Yes. There are 3 amanah saham fixed price funds for non bumi. ASW2020, ASM, AS1M. Stick to these 3. The bank agents will try to sway you to open ASG, ASN3, ignore them. Stand firm with these 3. Even retirees I know dump million into amanah saham fixed price. Go update the book once a year and don't need to monitor (a perfect investment only found in malaysia )

This post has been edited by Ramjade: May 21 2017, 03:06 PM

This is great info, thank you!

Will check them out and be in touch if i need further clarification

Amanah saham thread can be found here
https://forum.lowyat.net/topic/4183284

Thank you, much appreciated!