it is mind boggling that many ppl invest in something they have no idea


PRS is for retirement planning, u shouldnt look at the returns daily, but more on the long term potential return of the fund

This post has been edited by zebras: Nov 10 2023, 11:17 AM

the versa app not very reliable.

it says i have 60,111 in total, but the actual funds are showing 30,024 in Versa cash, and 30,021 in Versa cash-i.

same app, same screen, but numbers don't tally... hahaha

This post has been edited by gooroojee: Nov 10 2023, 12:20 PM

My Portfolios = Versa Cash + PRS Growth tally to the Total Assets

Additional Versa Cash Rebates received this round... maybe it's from the PRS reward

This post has been edited by ronnie: Nov 10 2023, 12:31 PM

Just to share - mine tallies as well now, as the numbers below had been refreshed some time today.

i guess... it's during the transition phase when the new price for the unit trust is reflected.

anyone got Versa Cash rebate? I got 2 rebates and i only put in 10k just to get the 6% because i invest into PRS, previously i only have like RM120++ in the Versa Cash

this is "probably" part of the 6% rate for Versa Cash if you participate in Versa PRS

I guess 10k 6% is not too bad
Next month see what is the number I will share again

but Versa's 6% per annum is not like bank's calculation, because it's unit-trust based style.

This post has been edited by ronnie: Nov 10 2023, 04:51 PM

I never calculated and I don't really understand versa that is why I never put money in Versa until they have the 6% promo for 10k so I try my luck with 10k lo

they will pay 90 days of interest for 10k worth on investment in Versa Cash that will be about rm150 in terms of interest gain

10000 x 6% / 365 x 90 = 147.95
So once 90 days over I will add up all the rebate see got this amount or not

This post has been edited by virtualgay: Nov 10 2023, 04:59 PM

I calculated the Total 2022 Payouts + Reinvestment is approximate half of 4% of my invested amount.

i dont understand - meaning in total you only get 2% of profit after investing for 1 full whole year?
so the prmose 4.3% is tiup ka?

i guess we kena tiup hahahaha.
But i have never ask them exactly how it's calculated.

i use add all the 2022 reinvestment+bonus divide by principal amount (less than 20k) to get that 2%
Gross Interest p.a. seem to hover around 3.1% though

if u view from affin hwang site, u can see only 2% gain - to date. then if u compare unit given and rebate every month, it is not same. sometimes get high, sometimes get half from previous month even i dont withdraw.
Investment same amount, but get units and rebate is not fix every month.
When i login to my i- access i was shocked when saw profit up to date is 2%.
So i withdrawed all from versa, put at kdi better. at least i got daily interest and bank in.

anyway, this is my own view & observation

after reading some of the previous post, it is still worth to open versa account and inverst? my actual purpose is to open PRS account and see there is promotion on RM10k to get up to 6% for 3 month. But seem there are uncertainly in it?
may be i should just open though FSM one ?

forget about PRS if for tax deduction it is not worth it not to mention the return worse than putting your money into FD collectively. I m not sure by the time i retire the funds can break even or not. imagine 30 years of opportunity costs there of putting the money into FD.

Which fund are you refering to?

Don't be short sighted. Why do you want to pay for lousy unit trust that at best match FD rates when you can get unit trust that at least match EPF returns over via FSM. Are you so tamak for one time RM150 promo?

Unless affin hwang have a PRS that offer US exposure, I will stay as far away from their prs cause their prs returns honestly sucks.

Your choice. If you feel the RM150 is worth locking up your money for subpar returns, by all means go for it. For me nope.

i put into prs not for the 150 but more for the tax rebate and i am near retirement

I put in for both. Tax savings and returns. You can have your cake and still eat it.

The only way is to get a fund with US market access. Not Malaysia or china market.