No profit this time all withdrawn as bullet for the dip

Haha mine still not there yet

The "Upgrade to GO+" bubble and GO+ icon just appear on my Touch N Go app (iOS 14). There is no app update for pass few days. They are doing roll out batch by batch via soft switch for sure. Have to fill form (the race thingy ?). I will do this later...

it already 2 days. today got maintenance. tomorrow can see new update on the app

versa android update

// v0.0.30 Release Notes:
- Double tap back button to close app in dashboard screen
- Minor UI Improvement
- Minor bugs & performance improvement //

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Hi just want to ask to purchase this fund we have to pay for government tax? I receive tax voucher after I purchase.
If I sold it off, I will be tax again for my earning?

Yes for every payout the tax will be deducted automatically as fund expenses as long as you still have balance in the account

You don't need to do anything from your part.

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Thanks Ramjade and hi again!

General question - do we expect MMF returns to increase when BNM eventually raises the interest rates?

Basically, will there come a point in time when FD returns will be higher than Versa/Simple?

My understanding is that MMFs have holdings in FDs anyway, so I would expect the returns to also move up in step with any interest rate hike?

Havent seen a MMF that has a higher return than FD, if there is, please share as well.
MMF returns depend on interest rates so it should go up in theory if BNM raise the base rate.

MMF and FD's both affected by raised interest rates so they'll likely move up at similar pace.

Versa and StashAway Simple both give higher projected returns than current non-promotional-rate FD, at least for the moment, because both have rebates from their respective fund houses that they pass on down to users.

This post has been edited by DragonReine: Mar 27 2021, 08:25 PM

Not necessary because MMF market makers has the right not to increase the rate of returns

The only reason why MMF is higher than FD because of daily compound returns while FD is simple returns

Hence no matter how MMF will outperform FD in terms of return and liquidity

There is so many KAF, Versa, SA Simple, Pecef and many more

Thanks Dragon and Xander, should have mentioned promo FD rates. I see the returns for SA simple and versa are higher than non-promo FD rates tho but not higher than promo rates.
Mind sharing what is Pecef? never heard of it.

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Promo FD rates are inconsistent as it depends on each bank whether they need to shore up capital which is why there disadvantage because the returns are inconsistent couple with locked up period illiquid capital

You better off buying MMF for its liquidity period 4 days in a week coupled with at least 10% higher than OPR anytime

So far Versa has the best in terms of functionality liquidity followed by Simple and Pecef and the worse of the worse of Go+ which load of rubbish when you can get OPR rates from Frank

Pecef it is from Public Mutual but not sure of its liquidity because not many here are using it

It is the latest competitor to Versa but coming from Public Group should not be that fantastic

Rather put in the money by its shares or holding company which gives solid dividend returns

Promo FDs usually only for certain tenure and require a fairly big sum of investment of at least several thousand "fresh funds" (aka money that wasn't initially deposited with that bank). Some only give that promo rate if you buy investment/insurance products which means you need even bigger starting capital. Even regular FD certificate needs at least RM1k usually. Versa/Simple etc. are designed for people who

1) don't have much capital (since minimum deposit is RM1 haha)
2) want liquidity and don't want to get locked in FD tenures

So target audience is different.

Both have their uses but obviously if you have the financial capability and don't mind that lock in period, please invest in promo FDs 🤣