Just expect subpar performance 🤦‍♀️ while not beating OPR which is why better to put in the money in FD rather than these subperform PRS funds which is only good for tax breaks

Nothing to do with Versa 🤦‍♀️ the returns are run by AHAM EDEP portfolio managers itself

The only thing Versa can do is to get trailer rebates and top up the difference to push it 4.3%

Nope will remain ongoing until Versa give further notice

Not worth it in terms of returns 🤦‍♀️ worse than current FD rates

You would use PRS is you want to reduce your taxes otherwise forget about it with underperforming funds

Why late 40 🤦‍♀️ is it based on your taxable earning brackets itself

Versa did put one good infographic itself on how much can you save and able to buy how many Nasi lemak itself

I started Versa since inception and so far no issue not much with the exception a few months back rebates are delayed by 2 weeks but at least they acknowledged and inform us about the delay

Cannot compare 🤦‍♀️ because of lack liquidity in FD

Returns for cash not used of course go higher rate 1st then only tenure

FD you need to fulfill the tenure to get the full interest 🤦‍♀️ while MMF it is accumulated based on time and returns

This post has been edited by xander2k8: Dec 7 2023, 08:25 PM

Go read notice 🤦‍♀️ Versa can give further notice anytime 🤦‍♀️ even as short as 1 minute before due date as stated Cleary in clause 5.4 🤦‍♀️

Revised to 4% 🤦‍♀️ because operating costs higher and all this while Versa been fronting cash just to top up the difference

This post has been edited by xander2k8: Dec 7 2023, 08:24 PM

Mail blast 8pm so it should take time to sent to all users

Cannot compare fixed price UT with MMF 🤦‍♀️ when liquidity is quick with lower risk cash management

At the bottom in the middle look for manage button

Obviously 🤦‍♀️ UI team would done some psycho testing before decide the latest update

Calculate back because it is only top up by 0.07%pa while the previous month is 0.37%pa due to reduction to 4%

Most likely KDI with mixture GX

Some ppl use multiple accounts 🤦‍♀️

Go ask counter rates 🤦‍♀️ especially for priority get slightly higher rates

Why bother to check when you putting in for long term 🤦‍♀️ as the long term returns are horrible as they only is to lower taxable income

It is only withdrawable from account B/2 subject to 30% maximum with eligible purposes and it is taxable 8% penalty

The tax penalty is hefty at 8% will wipe out at least 3 years annualised gains

They are doing reinvest monthly at 🤦‍♀️ end of the month it will drop in price but your units will grow up so later it will be the same after 1st week of the month

Yes and it depends on when you cash in and cash out

The leftover will be reflected after 3 business days usually the 1st week of the month once the distribution is done

Both are equally good if you know how 🤦‍♀️ because one is self managed the other is left to other party to managed 🤦‍♀️

Wrong 🤦‍♀️ once you do full withdrawal even the rm100 will be credited back to your account 🤦‍♀️ as I done a few times before on full withdrawal

The rm100 is the minimum to ensure your Versa account is active only

You still can do withdrawal even if got distribution 🤦‍♀️ because Versa know how to allocate for withdrawal because of the fractional units 🤦‍♀️ and the distribution will be in units and distributed into your account 🤦‍♀️ even if you withdrawal during the distribution period

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

UT is different from MMF 🤦‍♀️ because of liquidity 🤦‍♀️ and doesn’t need to wait for trust to execution

Money market fund invests in highly liquid, short-term cash equivalent instruments, commonly known as “money market instruments.” Banks issue money market instruments, such as commercial papers, as a way of reinforcing short term cash to balance its daily deposit shortfall reserves. In other words, by buying the money market instruments, money market funds are effectively lending money to banks. These instruments are supported by banks and are considered a low risk due to their high liquidity and short term.

This post has been edited by xander2k8: Jan 3 2024, 02:22 PM