See here
https://forum.lowyat.net/topic/3396549/all
http://www.turtleinvestor.net/get-to-know-...ithholding-tax/

Put inside, pay less income tax and can withdraw back your money at 55 years old. You don't want?

A lot of people see it as a place to pay less tax and just pick any fund. However why should you just think of tax relief and choose not to "grow it"? You can have both
tax relief + growing your money

Just put max RM3k/year until 2021. If tax relief is not continues, stop topping up loh.

Er buy RM3000 worth (can be lump sum or in small amount) of PRS from FSM (0% service charge) or agent/banks (3% service charge). After buying keep the receipt. Fill up your income tax. There's a section there with Private Retirement Scheme (PRS), fill up RM3000 to get your tax relief. Keep your PRS receipt for record purpose.

RM3000/year tax relief is valid until 2021 unless it's continue by the govt.

2 years back means forgo it. You cannot claim it back as the tax year have pass. You have to manually fill up that column when you are filing for income tax.

When you buy from the fund house (eg. Cimb P, Affin hwang, Public Mutual, etc), they will send you a statement by post on how much you have. Keep that as record.

Manually fill up means do your tax filling online. If you do income tax filling, you should be able to see it.

Yes.

Platform fees is applicable for bond funds and managed portfolio if bought from FSM. How to bypass it?
1) Buy bond funds from eUT whenever they have promo. Applicable only if you bought min RM5 during promo. No min RM5k, no talk
2) Switch over to POEMS SG (drastic but you will be earning SGD rather than RM - 0% service charge, 0% platform fees, 0% switching fee)

All online. Why do you need another way?

I guess is more or less the same as they are variable price fund. Do not confused with the fixed price funds.

How do they make money?
- They don't just sell UT. They offer lots of things. Stocks, CFD, forex, margin trading, managed portfolio (auto buy and sell on your behalf)
- For UT, there is something call trailer fees. If they are selling a particular fund, the fund house will pay them some commission for selling their fund. This is already calculated in the management fees.
- Service charge + platform fees is just extra revenue.
- If more people buy the fund, the more commission they get.

This you have to ask elea88. She's the expert on SG transfer after one is deceased.

To pay dividend from a company stock, the company must have ready cash. How do they get it?
- Make profit
- Take loan to pay
- Use cash reserve.

A fund is different. It don't need to be profitable as it can give out the money monthly and then market it as 10%p.a but in actual fact, they are making a loss.

Fund is a basket of stocks/bonds. Stock is well a stock of a company. Stock market fees is cheaper if you carry out big transaction. It's more expensive if you carry out small transactions. For stocks, the lowest is 0.05% (M+ silver)

For unit trust investing, it's the same regardless of how much you pump in Malaysia (FSM will give you special cheaper rates but you can't beat 0% sales charge by POEMS SG)

Do they really don't charge for service charge?
Yes. Me and elea88 can testify to that.

This post has been edited by Ramjade: Oct 25 2017, 12:21 AM

What's your agent name? Got WhatsApp? Mind agent ignoring my sms and doesn't want to give WhatsApp (I believed no one does not have WhatsApp this days).

You can put how much you want but max tax relief per year until 2021 is RM3k.

So dont stop at just RM1k. Max it out to RM3k. It's your money and you can withdraw it when you retire. So pay less income tax + pay yourself, you don't want?

Not if you live like me. Live way way way below your means and you will find you have excess cash every month.


Good luck with that. You will find it hard as all agents are commission based. Go hang out in FSM thread. They will teach you anything about UT. Keep in mind they don't like people talking bad about FSM. They like it if you bash amanah saham and public mutual.

Well it's the truth. When someone talks about platform fees (bashing FSM) and amanah saham on that thread, everyone will come out and bash the poster. So I am giving the guy what to expect. Better to hear from someone with experience. Better to warn them beforehand. Post get reported and everyone not happy just because someone talk about amanah saham vs FSM. FSM platform fees vs eUT free promo.

You can but I aren't the same Gen-Y

This post has been edited by Ramjade: Nov 2 2017, 07:40 PM

Forget FD. Dump your FD into ASNB fixed price funds. The difference of 2-3% is significant.

I don't think they have guaranteed. For ASNB although not guaranteed, but past record have shown us they never go below 6%

Of course he has. He's one of the veterans. It's foolish to rely on only one fund. Yes, it's possible to rely on one fund only but you are putting yourself at big risk.

When you sell, they won't earn anything. Only when they buy. If you hold and never buy, mana ada business for them

You can always buy ASW2020, ASM and As1m. These are fixed price funds which are open to non bumi.

All PRS memang cannot withdraw. If you withdraw before 55 years old, penalty of 8%.

So it's a one way ticket. Only rm3k/year.

Q1 Depend on market condition and fund manager. A rising tide will lift all boats, only when the tide goes down, my outlook will see who's swimming naked. If they change fund manager, fund performance can drop.

Q2 None. Never ever let a fund house brand con/tempt you into buying. Always look at individual fund.

Q3 Consistent winners, not one time juara kampung. For me personally, able to beat the index. If it can't beat the index, might as well I invest in the index itself. High returns, low volatility, Sharpe ratio > 1

Q4 See answer Q3. Also see region of investment.

Q1 You can use FSM fund selector or morningstar fund screener
https://www.fundsupermart.com.my/fsm/funds/fund-selector/

Q3 Index is basically the benchmark of the market using weighted returns (richer and bigger company will occupy a bigger pie of the market). 90% of the funds can't beat the index which means 90% of the funds can't beat market performance. So it's better to invest in the market itself if the fund is useless. To invest in the market itself, is buying the ETF which tracks the market performance. Now for us Malaysians is hard to buy ETF as it's expensive.

Now, if a fund can consistently beat the index benchmark, it is a keeper.

This post has been edited by Ramjade: Feb 20 2018, 08:59 AM

The 3 popular robo in SG.
Stashaway
Smartly
Autowealth