Aiyoh, you dunno just diam diam lar! Don't give wrong info lar!

Annual fee is NOT around RM8 and NOT depends on the fund, it's fix at RM 8 only if you have new investment on that year!

Can someone teach me how to report this misleading post?

https://versa.com.my/private-retirement-sch...ect-3x-rewards/

6% p.a. Cash Booster with Versa Cash when You Invest in PRS
Alongside your PRS investment of RM3,000, enjoy guaranteed 6% p.a. Versa Cash cash booster promotion! 📈💰
*On your first RM10,000 balance in Versa Cash for the next three months. Limited to the first 5,000 users.

🚀 Invest in Versa PRS Today and Earn RM50
When you invest a minimum of RM3,000 in Versa PRS, you will receive your RM50 Versa Cash Bonus!

-------------

just make sure your Versa Cash (did not say "i") have RM10k to earn 6%
make sure you masuk RM3k into PRS, so far i masuk RM1k, should have masuk RM100 to let it verify for 5 days
then after 5 days then masuk RM2.9k
i think they need 5 days to setup your account for you kinda stupid!

wah... u 3k earn RM4 and i only earn few cents!!
OMG!

let’s compare after 5 years

We just want our tax relief saja
If you are at 30% quite a good number correct?

Hope the gov would extend it further after 2025.

already extended once. last time 10 year. now they extend till 2025. subject to gov. no one can predict what gov will do

so quiet?
versa fund indeed sucks
3050 left 3046

I wish PRS can invest in BTC...long term sure rich liao

PRS won't la... Gov sure give pressure if drop ma
By right it should over perform than standard funds but our PRS lousy la average like 3% saja

FTX was scam... and it was not BTC investment also

Deposited slightly more than 3k on October XD, just to avoid the 3k balance tnc in case they exclude annual fee.

But still, the latest campaign does not explain how does it supercede the previous 3x campaign.

How does the 90days from the previous campaign calculated? Or is it purely 6% for October and November, and 12% for December?

tak cukup...that's why sweeten the deal to 12% for december

most likely that is the case
or their evil plan  since they already cukup just try to get more ppl to sign up so they can grow their fund size

5000 users does not mean all 5000 users will have 10k in Versa Cash
but if u decide to put 3k in PRS, you better have 10k in Versa cash up until they pay you the bonus else not worth

For the 12.12 PRS Promo, the first 5k user is starting from October or December, meaning 5k for the whole campaign or 5k (until Nov) + 5k (separate allocation for Dec)? Starting from December, user would no longer get 6% p.a. for 90 days but only 12% p.a. for December, right? What about those who invested 3k PRS in November? 6% in November, 12% in December, 6% in January 2024? Or no more for January?

the 90 days is tipu because Versa PRS was launched around 20th October then campaign end by 31st December, how to get 90 days? Or did they really launch it on 1st October?

these referral bonuses are just good to have... I rather Versa focus on giving more % to investors directly.
When investors are happy, the word of mouth is even better marketing.

My PRS Growth is up Time-Weighted Return: +4.87%

Regarding versa cash,

1. Any minimum amount needed in an account when withdrawing?
2. Any charges like annual fee, management fee, etc.?
3. RM10 will be charged for opening an account?
4. How difficult or How long it take to withdraw to bank account?
5. What is the effective rate? Less than 4.3 right?

the 4.3% or close to it... this one super confusing if u were to count as i never able to count it correctly

Can you show me your account or your figure?
With mine I have this issue where I add up all the rebates and all the reinvestment unit yes it does not equal to 4.3% or even 4.0%

For me I will get reinvestment unit follow by 2 x rebates because I have PRS
26th Oct I get my reinvestment unit RM13.34
8th Nov I get 2 x rebates total RM4.04
23 Nov I get my reinvestment unit again RM13.53

Can I assume that if I add up 13.34 + 4.04 is equal to 6% for the month of October?

Nov I yet to get my rebates so I wait and I will report back

In total I have around 10150 right now in Versa Cash

I trying my best to count and nothing make sense

Yesterday was on a call with Versa to clarify how the 6% works and this was my assumption:

Oct Base return = 3.4%
Versa Cash Promo Rate = 4.3%
PRS Promo Rate = 6.0%

This is how i understand it before i talk to them
6.0% = Base Rate + Versa Cash Promo Rate Rebate + PRS Promo Rate Rebate

6.0% = 3.40% + 0.90% + 1.70%
*3.40% + 0.90% = 4.3% Versa Cash Promo Rate
*1.70% = 6.0% PRS Promo Rate - 4.30%
Total no matter how you count base on the above you will get 6% for the first RM10k

But after speaking to them yesterday this is how they say they count:
Base = 3.40% (Oct Base Return)
Versa Cash Promo Rebate = 4.3% - 3.40% = 0.90%
Versa PRS Promo Rebate = 6.0% - 3.40 = 2.60%
Total Return in the month of October base on % = Base 3.40% + Versa Cash Rebate 0.90% + PRS Rebate 2.60% which brings us to 3.4+0.9+2.6 = 6.9% for the first 10k

they also clarify that the payout of this 6% in Oct and Nov and 12% in Dec will end by 31st December meaning everything will go back to normal calculation by 1-Jan-2024

Quite crazy their promotion
Imagine 10k in December how much you will get
Just assume Dec base rate is 3.4%

So again it will be
3.4% + 0.90% = 4.3%
3.4% + 8.6% = 12%

Total would be 3.4% + 0.9% + 8.6% = 12.9%

10000 x 12.9% / 365 x 31 days = RM109.56

Hope my calculations is correct

Again soad don't know how many times. Not worth it for a one time gain when of you look at their performance, it practically sucks. But if you can withdraw due to age, then yeah. Good money. Instant 12% return

50 years old uncle here that is why I invested into PRS

u ask me if i am 30 now i wont even put a single cent into PRS even if taxable income is 100k
base on 100k taxable income if you invest RM3k you can back tax saving of RM570 - (you are at 19%) tax bracket
but if you are now 30 your 3000 inside PRS at most will only grow like 3.5% to 4.5% average per year for the period of 25 years
it is as good as gone case maybe you die also you cannot withdraw because is like EFP
so those young ones if u really believe in PRS then invest RM3k give it a try
those old one, just do it if you are at 50 years old like me, few more months i am 51 then i have 4 more years left then i can take out my PRS

Yes I believe so... Here is my 50
My 8.25% return just went up a little more
With the Nov and Dec extra bonus will push it up even higher

i am on prs conservative
will report back next year