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Investment Versa

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ronnie
post Dec 11 2023, 05:47 PM

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the Manage button not obvious enough hahahaha
Old school thinking will go to the Account type, and click withdrawal hahahaha

This post has been edited by ronnie: Dec 11 2023, 05:48 PM
ronnie
post Dec 11 2023, 07:03 PM

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QUOTE(BladeRider @ Dec 11 2023, 05:50 PM)
Recently before I notice the manage button, I did the same thing also. Haha.
I think they purposely make it not so connivence to cash out, so you have some time to reconsider before withdrawing
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Probably done on purpose by UX team

ronnie
post Dec 13 2023, 10:39 PM

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user posted image

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ronnie
post Jan 2 2024, 01:23 PM

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QUOTE(kkk8787 @ Jan 2 2024, 01:12 PM)
Ei I thought versa cash is fixed one kan
Capital always preserved
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then you didn't read the Product disclosure sheet or Prospectus
ronnie
post Jan 2 2024, 02:23 PM

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QUOTE(kkk8787 @ Jan 2 2024, 01:24 PM)
Ya I admit I didn’t. My bad
I just treat it as a place for me to park , sort of like savings so every month park monthly salary and withdraw the amount few days later when asnb is available
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you should consider : RIZE, GX Bank or KDI Save (not Versa)
ronnie
post Jan 2 2024, 02:24 PM

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QUOTE(kkk8787 @ Jan 2 2024, 01:50 PM)
So when I withdraw 25k it is normal for me to get around rm25 less in bank account right
The 25 will be sort of credited back to versa later on
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you withdraw at the wrong time only... when reinvestment happened on 28/12/2023.
Reinvestment = NAV price lowered = lower value per unit.
ronnie
post Jan 2 2024, 02:58 PM

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QUOTE(kkk8787 @ Jan 2 2024, 02:38 PM)
Opps
Did I lose anything
I assume the difference will be credited back to versa right
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nope... you wait for the price to appreciate "to earn back"
ronnie
post Jan 2 2024, 04:43 PM

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QUOTE(frankliew @ Jan 2 2024, 04:14 PM)
Thats y KDI is more better. Versa complicated
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different type of asset vehicles.

Versa uses Affin-Hwang as the underlying asset class
KDI has its own
ronnie
post Jan 3 2024, 02:08 PM

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QUOTE(xander2k8 @ Jan 3 2024, 12:10 PM)
You cannot compare UT with MMF 🤦‍♀️ as MMF has liquidity with UT doesn’t and it has change a lot these days not like last time when you need to have holdings
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Versa is using AHAM's unit Trust(UT) named Affin Hwang Enhanced Deposit Fund, which is based on money market funds (MMF)
ronnie
post Jan 9 2024, 02:23 PM

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QUOTE(Batusai @ Jan 9 2024, 12:15 PM)
is everyone withdrawing from their Versa cash after the PRS rebates?

The rebates and promos has all been paid out correct?
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i'm keeping it running until PRS tax relief no more.
I started with Versa Cash previously (not join because of Versa PRS)
ronnie
post Jan 9 2024, 03:40 PM

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QUOTE(virtualgay @ Jan 9 2024, 03:13 PM)
the rebates yet to pay out
i started before PRS promo
my amount is just 10k keeping it there to eat 4% interest
once the PRS bonus is payout i will share the screenshot here
the PRS bonus for 10k should be as follow:

Dec Versa Cash Base Net Return = 3.69%
Versa PRS Promo = 12%
12% - 3.69% = 8.31%
Dec 31 days
so 10k x 8.31% / 365 * 31 = RM70.57
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when would it be paid out ?

Did you guys answer the Versa's 18-page survey ?
ronnie
post Jan 12 2024, 09:01 AM

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QUOTE(yungkit14 @ Jan 12 2024, 08:32 AM)
hi All ,is it just me or versa didnt update any result on january investment ?
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what result are you looking for ?
Invest in Versa Cash is like invest in Unit Trust (which invest in Money Market Fund)
ronnie
post Jan 13 2024, 09:14 PM

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Received 4 Campaign bonus on 11-Jan-2024 for Versa Cash
ronnie
post Jan 16 2024, 07:43 AM

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QUOTE(virtualgay @ Jan 15 2024, 07:30 PM)
Same here... Question is why 4?
I have only 10480 in my Versa Cash before bonus

user posted image
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i have 4 entry and both are same with you
RM120.54 - same for everyone I guess
RM14.76

ronnie
post Jan 16 2024, 11:20 AM

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QUOTE(virtualgay @ Jan 16 2024, 10:54 AM)
maybe we cross over 2 campaign that is why we got 2 entries
then another one is the delta of 4% versa cash promo rate rebates
1 more i tak tahu
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usually the 4%/4.3% topup i get 2 Campaign bonus Cash

So the other 2 is possibly the PRS campaign bonus offer

This post has been edited by ronnie: Jan 16 2024, 11:20 AM
ronnie
post Jan 17 2024, 05:42 PM

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Got versa special invite to "test" their software
A/B testing initiatives ⚒️
Engaging feedback surveys ✍️
Refining our app features 📲
ronnie
post Jan 20 2024, 11:15 PM

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i guess the "extra angpao" for early birds (invest in Versa PRS) explain the extra Campaign bonus we received.
ronnie
post Jan 24 2024, 02:06 PM

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QUOTE(Davidtcf @ Jan 24 2024, 01:48 PM)
hi guys I just got to know bout Versa PRS and able to claim income tax up to RM3k for it. Thanks to their advertisements in the app.

Sad I miss the last year December promo for PRS. Wanna ask is Versa PRS a good fund (low, medium, high risk)? Or there are better options for PRS fund?
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Versa PRS is not bad for me hahahaha started last year when they started it.
I chose GROWTH (high risk)
Paper-free application

Generally PRS has poor returns...we invest for the RM3000 tax relief (until YA2025)

This post has been edited by ronnie: Jan 24 2024, 02:07 PM
ronnie
post Jan 24 2024, 04:57 PM

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QUOTE(virtualgay @ Jan 24 2024, 04:47 PM)
dont know for how long
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i hope it goes to OPR 5%
ronnie
post Jan 24 2024, 10:24 PM

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QUOTE(xander2k8 @ Jan 24 2024, 06:17 PM)
Many business and individuals can’t even take it at 3% not to mention 4% because since 1998 rates are never go beyond 4%
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these business should just close shop then.... brows.gif

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