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 FundSuperMart v18 (FSM) MY : Online UT Platform, UT DIY : Babystep to Investing :D

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datolee32
post Oct 12 2020, 11:47 PM

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QUOTE(MUM @ Oct 12 2020, 11:24 PM)
30% of what you had invested can be withdrawn subjected to i think 8% tax
the remaining 70% have to wait till retirement
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I see, thank you.
SUSyklooi
post Oct 13 2020, 12:01 AM

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QUOTE(datolee32 @ Oct 12 2020, 11:22 PM)
For PRS fund, can only withdraw after retirement age? Or can withdraw anytime?
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Pre-Retirement Withdrawal for General Purposes can be made, in part or in full, from Sub-Account B, which holds 30% of a member’s PRS savings.
Such withdrawals are allowed one year after the date of enrolment, once per calendar year and are subjected to an 8% tax penalty on the withdrawn amount.
https://www.ppa.my/prs-and-you/prs-faq/

QUOTE(MUM @ Oct 12 2020, 11:24 PM)
30% of what you had invested can be withdrawn subjected to i think 8% tax
the remaining 70% have to wait till retirement
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looks like they had added some new additional withdrawal scenarios thumbsup.gif

https://www.ppa.my/prs-and-you/prs-faq/




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GrumpyNooby
post Oct 13 2020, 06:48 AM

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ericlaiys
post Oct 13 2020, 08:41 AM

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QUOTE(coolguy99 @ Oct 12 2020, 07:44 PM)
Ah I have been waiting for this... cool2.gif
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which is the best prs fund?
GrumpyNooby
post Oct 13 2020, 09:28 AM

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abcn1n
post Oct 13 2020, 10:50 AM

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QUOTE(yklooi @ Oct 12 2020, 11:14 PM)
The PRS require us to :
1) Do constant topping up each month?
No need
2) What is the minimum initial investment?
some are RM100 while some are RM500 and some are RM1000
3) Any sales charge for investment?
i think FSM are 0% while some other are max 3%
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Thanks
polarzbearz
post Oct 13 2020, 03:53 PM

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For those whom want to participate this, make sure its RM3000 lump sum investment within campaign period.

I had YTD RM2000++ and was asking if I can top-up RM1000 to qualify, and the answer was no.

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viktorherald
post Oct 13 2020, 04:49 PM

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May i ask what is the difference of PRS Fund vs the normal funds offered in FSMone?
MUM
post Oct 13 2020, 04:56 PM

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QUOTE(viktorherald @ Oct 13 2020, 04:49 PM)
May i ask what is the difference of PRS Fund vs the normal funds offered in FSMone?
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i think it is the sales charges...
GrumpyNooby
post Oct 13 2020, 04:57 PM

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viktorherald
post Oct 13 2020, 04:59 PM

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QUOTE(GrumpyNooby @ Oct 13 2020, 04:57 PM)
PRS is special fund under Private Retirement Scheme
There's a dedicated thread for this.
In summary, it's just unit trust running in EPF way.
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yeah, cause under my impression, PRS is something like another mutual fund that can occasionally enjoy some tax benefits
GrumpyNooby
post Oct 13 2020, 05:01 PM

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viktorherald
post Oct 13 2020, 05:08 PM

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QUOTE(GrumpyNooby @ Oct 13 2020, 05:01 PM)
Moat of the PRS providers don't reinvent the wheel.
They're feeding into existing pools of funds under their own management with certain % of allocation assessed based with associated risk.
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cause previously i got do some searching and some banks also provide PRS, however it is more like with monthly or annual deposits.
something like a saving scheme, which is not really my thing

thanks, will give this promotion a look
GrumpyNooby
post Oct 13 2020, 05:09 PM

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GrumpyNooby
post Oct 13 2020, 05:10 PM

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GrumpyNooby
post Oct 13 2020, 05:33 PM

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viktorherald
post Oct 13 2020, 05:48 PM

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My current allocation, i did contact with their advisor and this is the fund that he recommend to me.
I consider my self a moderately risk person

i did read the individual funds, but lets just say.. i didnt put too much thinking to it sweat.gif
i just feel that this is quite diverse in regionality, previously some fund dip into reds and now had all recovered

Anyone have good insights to offer? notworthy.gif

whirlwind
post Oct 13 2020, 06:17 PM

http://purplemonkey.com.my/
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QUOTE(GrumpyNooby @ Oct 13 2020, 05:33 PM)
Several funds in my portfolio hit ATH:

Principal Asia Pacific Dynamic Income Fund - MYR
Principal Asia Pacific Dynamic Growth Fund - MYR
Principal PRS Plus Asia Pacific Ex Japan Equity - Class C
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What’s ATH?
GrumpyNooby
post Oct 13 2020, 06:17 PM

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whirlwind
post Oct 13 2020, 06:29 PM

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QUOTE(viktorherald @ Oct 13 2020, 05:48 PM)
user posted image

My current allocation, i did contact with their advisor and this is the fund that he recommend to me.
I consider my self a moderately risk person

i did read the individual funds, but lets just say.. i didnt put too much thinking to it  sweat.gif
i just feel that this is quite diverse in regionality, previously some fund dip into reds and now had all recovered

Anyone have good insights to offer?  notworthy.gif
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Mine kinda similar with yours 👍
Kinda high risk, focusing on equity to maximize profit
All through EPF

15% affin hwang select asia (ex japan) balanced fund
15% eastspring investments small-cap fund
15% principal islamic asia pacific dynamic equity fund
15% principal global titans fund
40% principal greater china equity fund


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