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

This post has been edited by omgimahero: Oct 11 2016, 03:26 PM

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.

Sorry late reply. Was in a meeting.

Yes i think its CIMB-Principal PRS Plus Asia Pacific Ex Japan Equity - Class C

Started in December 2015. And due to my zero knowledge in Unit Trust i dont dare top up so fast... so i did a lump sum 5% of my savings and never top up d.

This post has been edited by omgimahero: Oct 11 2016, 05:25 PM