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FundSuperMart v18 (FSM) MY : Online UT Platform, UT DIY : Babystep to Investing :D
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silverviolet
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May 6 2017, 10:33 PM
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Getting Started

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Hi sifus,
Am contemplating to invest in prs via fsm in attempt to take advantage of the gov incentive....
If I were to invest the threshold amount for the incentive..and I have gotten the incentive.....I decide to sell the ut.....the funds will be in the 'trading account' with no interest and will not be able to be withdrawn without penalty?
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silverviolet
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May 6 2017, 10:46 PM
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Getting Started

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QUOTE(Avangelice @ May 6 2017, 10:42 PM) your incentive cannot be taken out until you retire. even on the system it will be in a separate account for your incentive. it's been confirmed before. Meaning the fund will be consumed by inflation etc if not invested in any prs ut.....so it is a must to monitor on an ongoing basis....and I am sure sifus have many other investments...time consuming...U guys are pro
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silverviolet
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May 6 2017, 10:59 PM
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Getting Started

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QUOTE(David83 @ May 6 2017, 10:36 PM) PRS cannot withdraw till age 55. If you want to withdraw, there's a penalty fee. I am aware of tht...my main aim is to obtain the incentive...monitoring the ut seems like a hassle..Do u guys monitor daily?or since it is a long term invt...monthly monitoring is sufficient... If I decide to just be idle my funds are actually eaten up....just want to confirm no interest on those idle funds right?
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silverviolet
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May 7 2017, 12:10 AM
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Getting Started

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QUOTE(T231H @ May 7 2017, 12:06 AM)  what fund is that? pls name one.... When sell of everything.....that is the funds......the ones that can't be taken out.....but no prs is bought since all sold
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silverviolet
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May 17 2018, 12:08 AM
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Getting Started

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Hi sifus,
I am considering purchasing unit trust through fundsupermart platform. If I would like to invest using my EPF fund, based on fundsupermart website i need to furnish the documents below:-
1. fund manager account opening form 2. inhouse subscription form
May I know what are these documents? Does it mean i have to utilise a unit trust agent?
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