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ericlaiys
post Feb 5 2021, 09:27 PM

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QUOTE(xander83 @ Feb 5 2021, 08:11 PM)
Tried already minimum rm50 for withdrawal
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Make sense, else waste time if u do rm1
ericlaiys
post Feb 6 2021, 12:08 AM

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QUOTE(encikbuta @ Feb 5 2021, 11:13 PM)
very awesome! what time did the money come in, if you don't mind me asking? smile.gif
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No idea. Both app still showing processing. But I have check my bank.it has deposit today.
ericlaiys
post Feb 6 2021, 08:04 AM

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Updated-withdrawal completed. Get money faster. It is ok compare to status update.
Can continue to use since its work
ericlaiys
post Feb 6 2021, 11:07 AM

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QUOTE(GrumpyNooby @ Feb 6 2021, 10:23 AM)
So the conclusion is which app better? Versa or Allocate+?
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both is for diff purpose.
Versa - should be better than stashaway simple. fast deposit, withdrawal and 2 week income distribution. Not to forget, delay will get overnight interest.
AllocatePlus - good to buy Affin hwang unit trust in small fraction compare to FSM. Like potential to invest even with small amount of money.
Anyway, good for diversification option.
ericlaiys
post Feb 6 2021, 11:10 AM

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QUOTE(GrumpyNooby @ Feb 6 2021, 11:08 AM)
If Allocate+ can offer similar Versa flexibility, I rather go for Allocate+
Managing too many apps is pain in the ass.
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AllocatePlus+ , if not mistaken don't do T+1 day withdrawal and no overnight interest.
ericlaiys
post Feb 9 2021, 09:22 AM

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withdraw some money from stashaway simple. Going to pump more to versa.
This month, the dividend received compare with last month is lesser[same amount per month]. Based on the calculation, it around 1.8%+.

So far love the idea from versa that it gave overnight interest when deposit. This is due to delay to appear on app. wont see this on stashaway. Plus for versa

What i am going to do is, match both stashaway and versa & see their dividend comparison.
ericlaiys
post Feb 10 2021, 09:17 AM

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QUOTE(GrumpyNooby @ Feb 10 2021, 08:25 AM)
If Versa, it looks like daily interest will be shown in the app.
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nope. dividend every 2 week. i am waiting for next 2 week.
overnight interest is when deposit. compensate while waiting to commit T+3 days.
ericlaiys
post Feb 10 2021, 09:47 AM

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QUOTE(GrumpyNooby @ Feb 10 2021, 09:27 AM)
What is difference between overnight interest and dividend? hmm.gif
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overnight interest - applicable for deposit transaction. You can see this given on allocate plus if make a transaction on versa. It will deposit in after T+3 days. They invest this overnight interest as well. should be compensated due to waiting time so we won't make noise T+3 days to appear on versa.

So far, i have been getting it on every deposit. This listed under overnight interest

dividend - based on money in versa that you park here. This will be called Payout

This post has been edited by ericlaiys: Feb 10 2021, 09:47 AM
ericlaiys
post Feb 10 2021, 12:51 PM

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QUOTE(Ancient-XinG- @ Feb 10 2021, 10:05 AM)
No i get confused.

I dun care about dividend or what becasue UT dividen is useless. And the lifetime gain is preety not on point. Thats just the price difference isnt it.

The price update should be daily. But versa seem delay abit.
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versa can see UT price???? i only saw my deposit and transaction
by the way, it is money market. dont expect it jump like equity UT.

This post has been edited by ericlaiys: Feb 10 2021, 12:52 PM
ericlaiys
post Feb 12 2021, 07:25 AM

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Gong xi fa chai! Versa giving payout...in progress
ericlaiys
post Feb 16 2021, 06:55 AM

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Payout completed...
ericlaiys
post Feb 16 2021, 09:00 AM

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lol...enuf for normal angpow. still testing but at least it really 2 week rather than stashaway need to wait a month

ericlaiys
post Feb 16 2021, 01:45 PM

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QUOTE(Ramjade @ Feb 16 2021, 12:10 PM)
I thought is the other way around. Affin was giving 2.46 and Eastspring was giving 1.8x%
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based on my testing stashaway simple is around 1.7 - 1.8% on dividend that i received on monthly. switching from stashaway to simple to versa
+ overnight interest when deposit
+ payout every 2 week

need to test apple to apple. currently still transfer bit by bit
ericlaiys
post Feb 21 2021, 06:53 PM

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QUOTE(xander83 @ Feb 21 2021, 06:40 PM)
Extra of RM0.01 per RM100 or RM0.08 per RM500 or RM0.15 per RM1000 or RM1.40 per RM10000

Not much per annum because the overnight weekend returns only kicks in when you deposit every time on the weekend

The purpose of the overnight deposit is to compensate your deposit earnings which are earning interest but indifferent way as compared to normal holdings due to slower execution time
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Nope . I received overnight interest when posit on weekday. Just that not a lot compare to weekend
ericlaiys
post Feb 21 2021, 06:54 PM

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QUOTE(GrumpyNooby @ Feb 21 2021, 06:41 PM)
RM 0.01 per RM 100 only?  dry.gif

I thought they're going to compensate generously due to incompetency of processing as fast as they could; i.e at the rate of RM 1 per RM 100.
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Better than SA which don’t have
ericlaiys
post Feb 21 2021, 11:01 PM

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QUOTE(guy3288 @ Feb 21 2021, 09:26 PM)
Versa should follow SA accept Jompay to widen the nett for money
Useful info even though not exactly related  to what i ranted .

Useful fact -say you deposit RM$$$ on the  same day for both SA and Versa, your deposit will be reflected on  SA few days earlier than Versa.

However actual investment takes about the same number of days for both SA or Versa.
Use example do FPX RM1000 each to SA and Versa on Monday 22.2.21, and then withdraw same day 2 months later, assuming return for Versa and SA same rate, both profit from SA and Versa would be about the same, correct?
earlier I was saying SA very  easy and convenient -open account, instantly account approved, and SA instantly can accept your deposits , FPX or Jompay.

Versa on the other hand, wont allow you to make deposit straight away, need many extra steps , submit IC, do selfie, asking for OTP and must wait for them to review, take few days it warned.

Any idea why Stashaway is like cincai cincai can open account, no need submit IC no need selfie, no need wait for approval
?SA no tight security, very eager to get people open account?
whereas Versa rather strict checking front and back before allow us to open account??
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It is part of malaysia sc policy. I don't see it is a problem on doing this when open an account.
You only do once. Not do it many times
On deposit, don't see it a problem on using fpx. Very fast money deposit in and process buying complete within a day.

ericlaiys
post Feb 22 2021, 01:21 PM

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QUOTE(keluarpattern @ Feb 22 2021, 12:36 PM)
But why ppl might still using SA.

If this is better?
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it really up to individual. I've tested SA and Versa. Now moved from SA and use only versa. Except ETF left on SA.
each people got own preference.

ericlaiys
post Mar 1 2021, 04:47 PM

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versa:

got roughly 0.9% for payout. (within 2 week). so if i month, should be 1.8%. consider not bad and much better than fd

This post has been edited by ericlaiys: Mar 1 2021, 04:47 PM
ericlaiys
post Mar 1 2021, 05:08 PM

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QUOTE(GrumpyNooby @ Mar 1 2021, 05:07 PM)
Few posts aaid:

2 weeks: 0.9%
1 month: 1.8%
12 months: 21.6%

My maths got wrong anywhere? hmm.gif
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u calc. see how much u get. maybe i calculated wrong...lol
ericlaiys
post Mar 1 2021, 05:16 PM

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QUOTE(tsutsugami86 @ Mar 1 2021, 05:13 PM)
I put RM 100 on 16 Feb, another RM 100 on 23 Feb.
After the payout on 25 Feb, today my total value only RM 200.08 (return 0.04% only)
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click on notification. read the distribution amount or click on transaction > Payout.

The price is adjusted. wait few days for final update

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