prs is not using epf money lei. it is additional cash for this prs investment.

epf is a good force saving platform.. u save around 24% of ur salary per month, very nice idea.. so PRS make use of the same idea/concept, but not much ppl use it lol..

But half of it comes from the employers not you.

Ohh... thought i'm the only 1 with that problem... glad to hear it... so, no need to register in hwang website should be ok, rite?

ya, dont have to register in hwang website.

Ya, but it serves the same purpose- for retirement. Can always opt to have that extra cash to put in EPF.

same thing la.. the concept is u there is a saving of 24% of ur salary.

People like me with no epf must force myself to allocate huge savings and UTs.

Should I set up PRS? Dont want to get locked till 55 lei

buy unit trust if u dont want ur $ locked

if you ask me, definately prs

Jerry,

You need to be clear of what you want to do with your money. You also need to seperate your savings into seperate accounts/entity and for specific purpose.

Money you put into PRS, you need to be clear that it is strictly meant for retirement and you should not think of it as as your marriage fund, or holiday fund etc etc.

Don't co-mingle the funds around. You need to be strict & be discipline.

Xuzen

Allocate the money properly and specifically.

I think register to PPA websites is good enough.

Money contributed to PRS shouldn't be withdrawn prematurely due to its high penalty of 8%.

Be sure that you're not going to use this basket before deciding to commit to it because of the luring tax relief.

So the conclusion is not good to invest into bond fund under FSM that has platform fee especially if you have large sum of money into this asset class?

Not all the bond funds are charging platform fees.

OSK-UOB Income Fund 0% SC
AmDynamic Bond 1% exit fee, zero platform fee

Yes, that's my personal opinion. I would go for Public Mutual if I want to invest in bond funds, at this moment.

My point is, Sales Charge is not the killer, Yearly Recurring Fees (i.e. Mgmt Fees, Trustee Fees, Platform Fees) is the killer.

So what if FSM is not charging Sales? 0% Sales charge is just a bait.

This post has been edited by creativ: Nov 4 2013, 10:42 AM

Depends really, if
(i) your holding period is not that long
(ii) you sell a bond fund to raise cash i.e. not doing intra switching, later buy back into bond fund be it the same fund or different fund

Then platform fee would be better than sales charge.

then which is "BETTER" for an investor that would just want to hold for period of less than 10 years for a particular fund?
reason for < 10 yrs may includes; maybe needed to cash out, switch to other asset class, moves to other more "performing" bond fund which is not from the same fund house, etc

This post has been edited by yklooi: Nov 4 2013, 10:53 AM