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

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silverviolet
post May 6 2017, 10:33 PM

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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decide to sell the ut.....the funds will be in the 'trading account' with no interest and will not be able to be withdrawn without penalty?


silverviolet
post May 6 2017, 10:46 PM

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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.
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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
silverviolet
post May 6 2017, 10:59 PM

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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.
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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?


silverviolet
post May 7 2017, 12:10 AM

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

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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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