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Investment Versa

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gooroojee
post Oct 26 2023, 10:56 AM

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I haven't done the simulations but the 10 year and YTD returns for the 3 Versa PRS funds seem to be underwhelming isn't it? All 3 have 4% or below returns over the past 10 years, and YTD performance is only from 0.86% to 3% for the first 9 months, with 3% being the conservative fund with a 1.3% management fee.

I don't like funds that charge 1.8% for a 1.3% return...
virtualgay
post Oct 26 2023, 01:12 PM

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PRS Account verification done - deposit RM1000, see RM1000
my RM2050 is still coming in
i am noob to PRS, it say we can withdraw 2 times 1 year from account 2

is it like SSPN or after 1 year it do not care about year end balance?

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ronnie
post Oct 26 2023, 04:24 PM

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QUOTE(virtualgay @ Oct 26 2023, 01:12 PM)
PRS Account verification done - deposit RM1000, see RM1000
my RM2050 is still coming in
i am noob to PRS, it say we can withdraw 2 times 1 year from account 2

is it like SSPN or after 1 year it do not care about year end balance?

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each withdrawal cost RM25
ronnie
post Oct 26 2023, 04:25 PM

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QUOTE(virtualgay @ Oct 26 2023, 01:12 PM)
PRS Account verification done - deposit RM1000, see RM1000
my RM2050 is still coming in
i am noob to PRS, it say we can withdraw 2 times 1 year from account 2

is it like SSPN or after 1 year it do not care about year end balance?

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which date was your RM1000 units were calculated ?
Barricade
post Oct 26 2023, 04:50 PM

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QUOTE(gooroojee @ Oct 26 2023, 10:56 AM)
I haven't done the simulations but the 10 year and YTD returns for the 3 Versa PRS funds seem to be underwhelming isn't it? All 3 have 4% or below returns over the past 10 years, and YTD performance is only from 0.86% to 3% for the first 9 months, with 3% being the conservative fund with a 1.3% management fee.

I don't like funds that charge 1.8% for a 1.3% return...
*
The return is crap. Just forget about the return and calculate the tax savings you going to get based on your tax bracket and see if it’s worth it.
ronnie
post Oct 26 2023, 04:57 PM

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Check out PRS funds performance for the 10 years
https://www.ppa.my/wp-content/uploads/2023/...-PRS-Funds1.pdf
virtualgay
post Oct 26 2023, 05:27 PM

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QUOTE(ronnie @ Oct 26 2023, 04:25 PM)
which date was your RM1000 units were calculated ?
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Today I saw it but in transaction history it show as 24

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ronnie
post Oct 26 2023, 05:39 PM

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QUOTE(virtualgay @ Oct 26 2023, 05:27 PM)
Today I saw it but in transaction history it show as 24

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How many units did you get from your RM1k investment ?
virtualgay
post Oct 26 2023, 05:43 PM

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QUOTE(ronnie @ Oct 26 2023, 05:39 PM)
How many units did you get from your RM1k investment ?
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See

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post Oct 26 2023, 06:19 PM

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QUOTE(virtualgay @ Oct 26 2023, 05:43 PM)
See

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can sell directly from app?
virtualgay
post Oct 26 2023, 06:40 PM

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QUOTE(!@#$%^ @ Oct 26 2023, 06:19 PM)
can sell directly from app?
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No idea not planning to sell cause it cost rm25
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post Oct 26 2023, 07:13 PM

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QUOTE(virtualgay @ Oct 26 2023, 06:40 PM)
No idea not planning to sell cause it cost rm25
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u should consider pulling out if it's straight forward. u can definitely earn more elsewhere.

for other platforms to withdraw without penalty, i know can only withdraw for housing or medical purposes from account b, and need to furnish multiple documents to do so.

so if can do it with a click of a button, i will topup and withdraw instantly while taking the tax relief
victorian
post Oct 26 2023, 07:55 PM

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QUOTE(virtualgay @ Oct 26 2023, 06:40 PM)
No idea not planning to sell cause it cost rm25
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QUOTE(!@#$%^ @ Oct 26 2023, 07:13 PM)
u should consider pulling out if it's straight forward. u can definitely earn more elsewhere.

for other platforms to withdraw without penalty, i know can only withdraw for housing or medical purposes from account b, and need to furnish multiple documents to do so.

so if can do it with a click of a button, i will topup and withdraw instantly while taking the tax relief
*
Got 8% penalty if you withdraw from account 2
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post Oct 26 2023, 07:57 PM

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QUOTE(victorian @ Oct 26 2023, 07:55 PM)
Got 8% penalty if you withdraw from account 2
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no penalty for medical and housing purposes

https://www.ppa.my/prs-and-you/prs-faq/
ronnie
post Oct 26 2023, 09:00 PM

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QUOTE(!@#$%^ @ Oct 26 2023, 07:13 PM)
u should consider pulling out if it's straight forward. u can definitely earn more elsewhere.

for other platforms to withdraw without penalty, i know can only withdraw for housing or medical purposes from account b, and need to furnish multiple documents to do so.

so if can do it with a click of a button, i will topup and withdraw instantly while taking the tax relief
*
Do you mean we can put RM3k and take out later and still gets tax relief RM3k ??? That would be stupid
virtualgay
post Oct 26 2023, 09:50 PM

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QUOTE(ronnie @ Oct 26 2023, 09:00 PM)
Do you mean we can put RM3k and take out later and still gets tax relief RM3k ??? That would be stupid
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i think GOV / PPA / PRS / LHDN not that stupid lo

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post Oct 26 2023, 10:15 PM

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QUOTE(!@#$%^ @ Oct 26 2023, 07:57 PM)
no penalty for medical and housing purposes

https://www.ppa.my/prs-and-you/prs-faq/
*
QUOTE(ronnie @ Oct 26 2023, 09:00 PM)
Do you mean we can put RM3k and take out later and still gets tax relief RM3k ??? That would be stupid
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account b
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post Oct 26 2023, 10:19 PM

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QUOTE(ronnie @ Oct 26 2023, 09:00 PM)
Do you mean we can put RM3k and take out later and still gets tax relief RM3k ??? That would be stupid
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the only thing deterring me is to go get my house loan statement etc
ronnie
post Oct 27 2023, 08:07 AM

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My 2nd topup in Versa PRS was completed, but no extra units creditted.
Anybody else had similar issue ?
virtualgay
post Oct 27 2023, 09:00 AM

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QUOTE(ronnie @ Oct 27 2023, 08:07 AM)
My 2nd topup in Versa PRS was completed, but no extra units creditted.
Anybody else had similar issue ?
*
Same same
Mine is completed but nothing was given
And the total amount is diff
Transaction history is correct but Total is wrong
Current value is 1k transaction history is 1k + 2050
Buggy

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This post has been edited by virtualgay: Oct 27 2023, 09:03 AM
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