Actually ive always seen ppl advise to buy prs for the tax relief . Is it worth it to get your money locked up for so long? Sure u might get an instant 2x % return, but if u can only withdraw it in 20++ years, that means u are only getting a ~1% return p.a.
Is it worth it with only limited fund choice?
Does this makes sense?

True, that instant tax relief money could be put to good use..
But i think ppl should give this a thought and think about the long term vs short term benefit of this..
Imean this is fsm thread right? Im assuming most ppl here are actively managing their money and could get a better yield of >1%pa than prs fund right?
And that is assuming that your tax bracket is near the higher tier... If lower tier then its more at disadvantage

Maybe I did not make my sentence clearer...
What i meant was the initial tax relief you got when amortised (new word to me) over a long period of time, the advantage is probably not going to worth it for all the hassle of PRS..
E.g. you get 20% tax rebate from the PRS, and you still have 20 years before you can withdraw this money. This works out to roughly 1% p.a. which means whatever your PRS return was that year, you add 1% return to it.
So this versus you put this money into FSM or whatever and actively manage it whereby you are free to choose between hundreds of UT products and you are free to withdraw all during a freefall..

Hope you get the gist of what I am trying to say, I aint well-versed in economic terms.. I am not disputing the power of compound interest or UT in general

My point is there are pros and cons and probably more cons than what ppl thought.
E.g. If we have a retiree-gonna-be, then this PRS income tax relief is a no brainer, since he is going to get his money back within a few years

Hi, I want to ask. If I put money into CMF, does this money count to enable me for the silver/gold status?

I see. Thanks
How about if get silver/gold status, but unlucky the investment tank.. will the status be reverted?

DCA means you use a fixed amount of cash to buy over a fixed schedule. THere is no increasing or decreasing.
Precisely because we cannot timed the market, so we average it out over a period.

If you want to increase or decrease your topup, then it is VCA. You buy more when the fund drop, you buy less when the fund rise.
The theory is over a long period, the market always is on a rise (hand crossed). In between there will always be rise and fall. So you take advantage of it and buy more when its cheaper, and buy less when its more expensive.

What is the difference between Regular Saving Plan and by topping up myself regularly?? Do you save on some charges?

Couldn't find this in the website

Hi all,
Do you think the security for FSM is a little lax when selling fund and transferring to bank accounts? Why isn't there any TAC for confirmation.
I think most ppl here have ten or hundreds of thousands in the account, but from the way i see it, everything can be done if your password is compromised

Law is law, how well FSM implement this is totally another thing.

With a password, if you can change the bank account information (i forgot if this is possible), its possible you could transfer money to other people's account just by putting a false name?

With a password, the hacker could mess up your portfolio and buy the worst performing fund ever. For those that login once in a blue moon, is disastrous.

There is no picture identification before inputting password, there is no TAC for transactions. I will prefer to see the security aspect same as other financial institution like bank

Thanks for informing that FSM SG have 2 step verification. SO i wonder why FSM MY do not want to do the same? maybe we are not worth the cost to do it.

I think the redemption to own account was only introduced sometimes last year... AFTER a ruling by gov. It seems FSM have no initiative to beef up its security...

anyway, with a password they could still sell all your fund and buy some "gold fund"...

JJPTR hacking incident is a pathetic excuse to abscond with the money

Hacking in the other hand, is a world wide multi billion industry involving experts from russia, china, NK...
The threats are very real..

Just tried redeeming public mutual, it has PAC/TAC verification

Thank you and i1899 for the answer. I think this makes complete sense. Why should new investors affect the price of the unit. Mutual funds are not shares which sometimes traded on emotion/manipulation/insider news etc...
So i presume most of the funds discussed here are oopen-ended fund?? Since closed end fund we need to wait for available units only we are able to buy... (hmmm like Amanah saham??)

But, more ppl buying does not push UT price. they just issue new units.
i dont see any other reason other than the guy wanna promote interpac fund or ?

Hi all,
What are the exact benefits of opening a beneficiary account?
The FAQ is not helpful at all.

If one of the account holder passed away, the main/beneficiary account will get all the invesment/money?

Sorry I dont quite get what you meant. The CS told me the beneficiary account is just for beneficiary purpose. It does not have login/password, and cannot buy/sell UT on its own.

The answers from CS is kinda

To all the sifus. What i want to do is simple. I just want my wife to be the beneficiary of my investment if anything happens to me. Additionally, my wife also want to do some investment of her own.
So what shall I do? Open a beneficiary account for her and another main account for buy/sell UT??

When Managed Portfolio switch fund, we get charged?? Are you sure??
They switch several times, there goes our yearly ROI??

Hi, you guys saw any error lately while buying fund?
I tried to topup Managed Portfolio, but got error "Portfolio require AI declaration"
AI is Accredited Investor?? Do i need this?

Guys, I wanna ask you.
I thought bonds are supposed to be low volatility and tend to do well when stocks go down..
But how from what i observed, during this dip bond also goes down as well...

Bond already not so good returns during good times, but during the downtime, it seems to goes down at the same rate as stock

affin hwang select bond and rhb EM bond...
Yes, both are foreign funds