Money

Only when the last tree has died and the last river has been poisoned and the last fish been caught will we realize we cannot eat money. ~Cree Indian Proverb

Wednesday 26 December 2012

Private Retirement Scheme (PRS)

PRS is a defined contribution pension scheme which allows people (or their employers) to voluntarily contribute into an investment vehicle for the purposes of building up their retirement income.



As of 21st of December 2012, price of each Public mutual fund quoted from http://www.publicmutual.com.my/application/fund/prsfundprice.aspx as follows:
Public Mutual Private Retirement Scheme (PRS) Latest Fund Prices

DateFundFund AbbreviationNAVChgChg %
24/12/2012PUBLIC MUTUAL PRS CONSERVATIVE FUNDPRS-CVF0.25010.00000.00%
21/12/2012PUBLIC MUTUAL PRS GROWTH FUNDPRS-GRF0.25010.00000.00%
24/12/2012PUBLIC MUTUAL PRS ISLAMIC CONSERVATIVE FUNDPRS-ICVF0.25010.00000.00%
21/12/2012PUBLIC MUTUAL PRS ISLAMIC GROWTH FUNDPRS-IGRF0.25010.00000.00%
21/12/2012PUBLIC MUTUAL PRS ISLAMIC MODERATE FUNDPRS-IMDF0.25010.00000.00%
21/12/2012PUBLIC MUTUAL PRS MODERATE FUNDPRS-MDF0.25010.00000.00%

I reckon that this scheme is suitable for those who want more security during retirement at the same time can enjoy the tax relief of RM3000 a year. Let's monitor the price, when it dips below 0.20 for any funds, it is definitely a good buy! Let's pray...
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3 comments:

  1. MYventura29 December 2012 at 18:43

    i like your drawing, it's easy to understand.
    Do you think the fund will drop so much till below RM0.20?

    I think I'll wait till their announcement on dividend.

    BTW, i notice your clock hour is not follow Msia time.

    ReplyDelete
  2. Bailout30 December 2012 at 08:25

    What come up must go down.

    ReplyDelete
  3. Iamwhoiam13 December 2015 at 22:16

    Good sharing, AmInvest provides and has in place the building blocks to smooth your transition into retirement and help you live your retirement dreams. They offer Private Retirement Scheme (PRS) core funds or “default options” that cater to different age groups and differ in terms of the level of exposure to an equity portfolio based on investor’s risk tolerance which is good as a starting point. For detail visit:
    http://kidbuxblog.com/live-your-retirement-dreams-with-aminvest/

    ReplyDelete

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