ahh, ok

Leave it unless you anticipate a crash coming soon. Then you run. Protect your capital

Two words.
POEMS SG.
No need priority/platinum member rubbish. Open to everyday people like you and me.

Is there any other charges since the fund fee is 0%?

Checked the website a bit and seems like its for Prepaid Cash upfront account (like fsm) and must have 1 transactions per quarter right?

Anything else?

No need. That's for stock. For UT is really free. No platform fees, no service charge.

This post has been edited by Ramjade: Jul 13 2018, 08:49 AM

Thanks for the info, will check it out

Hi guys, one quick question...
I use my wife mbb2u to buy rhb cash 2 fund.

Then the transaction fail, my money being detained.
(I just know cant use other ppl bank acc to buy)
Anyone meet this case before?

Yes. They have to get consent from your wife if im not mistaken.

Last time when i did that they advise me not to use others ppl bank account to buy.

Last time still ok but after i complaint to BNM then they stringent the policy on deposit taking and withdrawal until to the extend they need bank acc number screen shot

There seems to be a myriad of investments to choose from, and I am just bewildered at the options available!
Considering that I am a total no0b, which instruments should I go for? UT/bonds/PRS??


In case this helps:
1) Limited disposable income
2) Medium-to-long term investment
3) No need for liquidity - the investment money is not meant to be dipped
4) Minimum entry investment - and minimum/ no fees for subsequent top-ups
5) No very frequent monitoring of investment performance

please!

There are more bewildered options.....that enables you to customise your investments choices based on your risk appetite but be aware that this will affect your expected return.
read this for some of the available options for a no0b or newbie....
http://www.moneysense.gov.sg/Understanding...nvestments.aspx

Key Questions You Should Ask Yourself Before Buying An Investment Product
http://www.moneysense.gov.sg/Understanding...nt-Product.aspx

On the first 1 or 2 simple direct benefits of PRS funds...
if one is currently paying taxes......there are tax relief for the first RM3000 of the investment in PRS fund pa... till year of assessment 2021
http://lampiran2.hasil.gov.my/pdf/pdfam/PR_9_2014.pdf
if one is aged between 20 to 30 years old.......there is a one OFF Youth Incentive for a cummulated investment of RM1000 till year 2018
https://www.ppa.my/prs-youth/prs-youth-incentive/

Its depend how much u can put aside to invest and how much is ur want ur retirement fund to be

With the above, I believe PRS would be a good start, especially if you are between 20-30 years old this year which entitles you another rm1000 one off incentive from the government as long as you have gross contributions of at least rm1000 in a single prs fund before end of 2018.

If you are currently paying taxes, you'll also be saving some bucks in the forms of tax relief.

PRS is the most obvious choice based on your requirements.

But in my experience liquidity is always a problem somewhere along in life n unless u are ultra rich, u probably need to dip into your long term savings to smooth things out. So for me at least, UT is the obvious choice.

If in Malaysia, only PRS.
If you are open to put opinions, then robo advisor in SG would be an excellent choice. Stashaway.

FSM may give you or your wife a call to get know the relationship between depositor and account holder.
or you may just call FSM to clarify it.

PRS is a good choice, since it has RM3k Tax deduction for the next few years, but I wouldn't top-up more than RM3k annually though.
and for leftover disposable income, I would pump it into UT.

since when this thing effective???

Error: According to the prospectus of the fund you intend to switch out from, if you are not redeeming ALL the units, you are required to retain at least MYR 100.0 worth of units in your holdings.For RHB Cash Management Fund 2, this is equivalent to 74.58Units

as i know previously i can withdraw up to the last single cents??!

U can withdraw all but if u got balance then min balance value is rm100.

select "ALL" instead of number of units or RM value?

just transfer/switch or sell "ALL"?

yea.... I remember i have left Rm3.xx before and it was allowed. Now seems like min is RM100