Hi all.

Investment newbie here. Here's my story, i heard from a friend that his mom can get RM500 from government when you sign up with a PRS scheme with a minimum of RM1,000 deposit. So i contacted his mom, a CIMB Principal Asset Management consultant and got my PRS fund started and she also hard sell me to get UT. All this was done in December 2015.

So I decided to place 5% of my total savings into UT without much actual knowledge about it. Not a huge sum but only 5% of my miserable savings. But i now have some questions for both PRS & UT

PRS
1) Its coming 1 year and i have no letter, email or any information regarding my PRS funds. Gone missing liao or actively gaining interest? who do i call? who to ask? whats going on? lol

2) So i did some googling and realize that there are other financial institution providing PRS also. Whats the difference?
Unit trust
1) As mentioned, i have almost 0% knowledge when i was hard sold on UT. Heard abt it but i dont know how it works. So when it was time to choose funds/portfolio? I choose some equity fund portfolio... and since then I've been recieving letters and its been losing money  what now?  change portfolio? stick to it? what's next for me?

2) Now i got some extra money and i want to put steadily put RM100-RM200 monthly kinda thing. but since the fund i chose in december 2015 is losing money. what should i do? throw my extra spending money into PRS which locks in till 55?

TLDR: Got PRS and UT from CIMB. Dont know what happen to PRS account, but UT is losing money. Got some extra spending money and want to invest slowly into UT or PRS. What now senpai? please help, want to get the best understanding if possible

Thank you so much for the links. I will read around and learn more.

i seriously cant remember the fund name but if my memory serves me right, its some Japan Equity Growth Fund? Something like that.

hi is the returns shown in the image after sales charge or just gross returns?

newb here.

Hi,

Not sure if this is the correct place to ask...recently was approached by Hong Leong Assurance (HLA) agent.

I was introduced by a Investment plan where I need to put an amount of money annually, for a tenure of six years. The return was higher than FD (around 10%). The return depends on CIMB Evergreen fund.

Anyone heard of that? Not sure of the return guarantee as the agent keep on giving positive talk...saying if the fund performance drops at a certain rate in future, HLA will guarantee buy back at a fixed rate from you, therefore no loss...

So sspn +tax relief is useless?