sorry, newbie here

how can i start with PRS youth incentive?

need to register FSM account first?

read few hours already, still quite blur and don't know how to start with it

This post has been edited by WinterDays: Oct 19 2018, 12:49 AM

have you read the FAQs in here?
https://www.fundsupermart.com.my/main/faq/1...cheme-PRS--8865

most answers are here and hope you can get it too while you wait for responses....

any advise when is the right time to do DCA? when the fund is -5% or -8% or -10%...or >10%

I think Ramjade got this advise....(if I can rephrase it as correctly)
he mentioned something like ..."I am willing to lose an opportunity then having to lose money"

do search the reasons for/good of/purpose to DCA...then I think the answers to your queries will emerge

well, that is until you can get better responses

That's not DCA as mentioned below. You want DCA, you buy say RM200 every month regardless of market condition.
What you can do is save up the RM200/month into MMF if market is going high, then went it drop, you plough back in. The 4 questions you need to ask yourself
1) can you tahan not to chase when price is going g up?
2) do you have guts to buy when price is dropping?
3) how low then you will press the buy button?
- everyone is different
- I based mine off my entry price in late 2016/early 2017 prior to Trump. Why Trump? Did the underlying fundamental improve just because Trump got elected? No. It went up because of Trump which is irrational.
- for me a 10% drop warrant a look. Look only. Not necessarily a buy. A buy is based in your own judgement
4) what are you going to do if it drop some more?
- for me I keep some more reserve. If it drop, I am happy to buy more. Of course the 2nd, 3rd % drop must be significant to me.
1-2% drop does not warrant a look.

You can't catch the bottom but you can buy things when things are at discount price.

Here are a few ways I look at buying. Hope it helps.

Actually no. DCA is buy fixed price every month th regardless of how high or low the market. Is to average out the price. So even if market is expensive, you are still forcing yourself to buy.

This post has been edited by Ramjade: Oct 19 2018, 09:39 AM

very useful, thanks

to open account with FSM, i need to mail my NRIC and original forms to FSM?

any easy ways or other platform no need to do this? (ppa official website)

Yes. Mail them photocopied version.
All PRS required you to mail them forms. You don't want, just walk into banks present your IC and they do all the work for you and you pay them 3% service charge. Be my guest. A little inconvenient for cheaper price is definitely something I am willing to pay

goto the one that to you are more easier or convenient

so now 10% warrants a look but not a buy. next two years u will say 20% worth a look and consider buyijng but not buy for sure. don't think you will be buying anything then seems like. Look, not like we want to kecam you for your decision making but the way you put yourself since 2 years ago is that 10% is a good time to buy, hoping for bear market all the time and when you get a whiff of it, you tell us no money to buy. why so NATO? if you either NA or no talk so loud, we won't question you so much la.

but it is the internet in the end. i can say a lot of things and dont need to be responsible for anyway. it's ok to say you dont do unit trust, that you are trolling around here. but news of you buying is so hot everyone wants to know when you buy and wat you buy.

looks like he has till Dec to plunge in no matter what the % of rises/falls in PRS funds...if his tax benefits is > than his intended Nav

What non REITs stocks do you buy?

Bro read what I write properly. A 10% is warrant a look now. Up to you to buy or not. For me no buy cause nothing change prior to Trump election. Bullrun after Trump was because of words, and Irrationality. Got nothing to do with fundamental changes. Trump was elected about 2 years ago. So a 10% drop to prior to Trump election memang can buy.

No money to buy =
1) I don't touch my emergency cash
2) my RM converted to SGD.

And as mentioned when pocket of opportunities arrive I buy dividend stocks. So when money used for dividend stocks, where got money left for UT unless I can print money? Remember, I am earning RM and investing in SGD. My dividends received are not big enough to pay for my other investment yet. They are big enough for one one off partial payment but not big enough for full one off payment. With 3x conversion, I need to wait every 4 months to convert to SGD4k. Yes I do divert some money to UT but not much as I prefer real cash.

This post has been edited by Ramjade: Oct 19 2018, 10:07 AM

Rm3k memang allocated for PRS. The question is when to buy. I am aiming for it to fall back to my original entry price or way below. A 5% drop from my entry price would be a sweet deal and I memang have no problem buying then. A drop to my entry price will warrant a look.

Good dividends counter on SGX which is off topic here.

but if the PRS nav is not at below 5% drop from your previously bought price....between now till Dec...would you still buy for the tax benefit?

Absolutely. Remember I said current price is close to my entry price for PRS but if can I want it to drop further. If it's at my entry price it's warrant a look.
If cannot, just buy. After all as mentioned money put into PRS is still your money end of the day.

You can't get everything you want in life. You just need to be close, hope and be prepare for it (have cash standby to buy)

This post has been edited by Ramjade: Oct 19 2018, 10:16 AM

and we thoughts he will buy this time around but LOL he went for SGD.

What la this fella.

Bro I memang invest via SG. I dump FSM MY long time ago as mentioned.
Why should I pay FSM service charge when I can get same returns or higher in SG for free? Again. A 10% return in FSM MY and 10% returns from POEMS SG is different.

The only FSM MY I left is my PRS.

This post has been edited by Ramjade: Oct 19 2018, 10:31 AM

so the ho ha ho ha jumping about in 11 Oct ...is just a warrant to look only .......

ssajnani....see no need to like some others too ...on him

Warrant a look but is some shopping opportunities for some dividend stocks

Warrant a look as is getting closer to my PRS entry price. Again if the price drop by another 10%, is shopping time for PRS and dividend stocks.

And as mentioned, I don't like price increasing as it means I have no place to park my cash.

This post has been edited by Ramjade: Oct 19 2018, 10:34 AM

vincabby...see, that is not a NATO....
he is just looking....just looking is action too...

then so is sleeping or keeping quiet too.....