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Investment Versa

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virtualgay
post Jan 2 2024, 04:56 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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do note that u must at least have RM100 else they will consider your account tutup then wont even credit back
virtualgay
post Jan 2 2024, 08:56 PM

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QUOTE(xander2k8 @ Jan 2 2024, 06:23 PM)
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
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dont do full withdrawal so it can pay out any pending distribution
if full withdrawal then suddenly got distribution then how? will the money goes back into your Versa Cash?
virtualgay
post Jan 3 2024, 08:49 AM

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QUOTE(xander2k8 @ Jan 2 2024, 11:02 PM)
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
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thanks for the info...
so far i never do any full withdrawal before
this experience is base on my other UT investment as ppl always say leave minimal amount so they UT dont close your account and u get your distribution
virtualgay
post Jan 3 2024, 04:09 PM

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QUOTE(xander2k8 @ Jan 3 2024, 02:22 PM)
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.
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I gonna just stick with ASM + EPF + FD + Versa little bit and most important my Rize for temporary park money
virtualgay
post Jan 9 2024, 03:13 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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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


virtualgay
post Jan 9 2024, 03:57 PM

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QUOTE(ronnie @ Jan 9 2024, 03:40 PM)
when would it be paid out ?

Did you guys answer the Versa's 18-page survey ?
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yes i did - cant win something from Rize so now hoping to get something out of Versa!
virtualgay
post Jan 12 2024, 11:15 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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regardless of result u will still get 4% in the form of rebates smile.gif
virtualgay
post Jan 12 2024, 11:19 PM

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QUOTE(yungkit14 @ Jan 12 2024, 06:36 PM)
sorry versa cash
no info on reinvestment -rebates
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after maintenance then we should get it
virtualgay
post Jan 15 2024, 07:30 PM

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QUOTE(ronnie @ Jan 13 2024, 09:14 PM)
Received 4 Campaign bonus on 11-Jan-2024 for Versa Cash
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Same here... Question is why 4?
I have only 10480 in my Versa Cash before bonus

user posted image
virtualgay
post Jan 16 2024, 12:47 AM

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QUOTE(Nemozai @ Jan 15 2024, 11:00 PM)
Received PRS 12% and RM 50 bonus  rclxm9.gif  rclxm9.gif

user posted image

user posted image
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how come u only have 1 rebate and i have 4?

virtualgay
post Jan 16 2024, 10:54 AM

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QUOTE(ronnie @ Jan 16 2024, 07:43 AM)
i have 4 entry and both are same with you
RM120.54 - same for everyone I guess
RM14.76
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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
virtualgay
post Jan 16 2024, 02:41 PM

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QUOTE(ronnie @ Jan 16 2024, 11:20 AM)
usually the 4%/4.3% topup i get 2 Campaign bonus Cash

So the other 2 is possibly the PRS campaign bonus offer
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i did not notice about the 4%/4.3% giving 2 campaign bonus
any reason why they gave 2 bonus?
i only keep 10k there for PRS purpose
still gonna keep it there even after PRS campaign to see how much it will grow
as long as below 30k still keep there
virtualgay
post Jan 17 2024, 01:21 AM

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QUOTE(Batusai @ Jan 16 2024, 04:17 PM)
Can confirm this,

Received 4 rebates as well

RM120.54
RM14.76
additional
RM 4.11
RM 2.35
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1 to 7 Dec is base on 4.3% promo rate
8 to 31 Dec is base on 4.0% promo rate
So it make sense now they are paying 2 rebates
virtualgay
post Jan 17 2024, 03:23 PM

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QUOTE(Nemozai @ Jan 17 2024, 02:24 PM)
Actually I have 4 also. But I thought that’s the usual rebates (the 4% rebates ) so I crop it.

user posted image
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One is 4% one is 4.3%
virtualgay
post Jan 17 2024, 04:35 PM

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QUOTE(Nemozai @ Jan 17 2024, 04:29 PM)
120.54 is RM 10000 12% p.a for PRS campaign
3.5 is rebates to make up total 4.0% return p.a
6.11 is rebates to make up total 4.3% return p.a

How about the RM 14.76 ? Any idea ?
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The previous campaign before 12% start.. cannot remember the promise rebate
virtualgay
post Jan 20 2024, 06:04 PM

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QUOTE(cybpsych @ Jan 19 2024, 08:12 PM)
user posted image
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I pun ada kakaka
virtualgay
post Jan 21 2024, 12:01 AM

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QUOTE(ronnie @ Jan 20 2024, 11:15 PM)
i guess the "extra angpao" for early birds (invest in Versa PRS) explain the extra Campaign bonus we received.
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That is why we received 120 for 10k in prs?
But still does not make sense as 10k x 12% / 12 is 120

This post has been edited by virtualgay: Jan 21 2024, 12:03 AM
virtualgay
post Jan 22 2024, 01:07 PM

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QUOTE(NextDoorMan @ Jan 22 2024, 11:07 AM)
Rebates are 4% minus whatever base net return it is. You don't earn from only rebates. Rebates are topping up whatever to hit 4%. In this case 12% - base net return
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is the RM68 inside the 120.48?
super confusing
virtualgay
post Jan 22 2024, 10:28 PM

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QUOTE(NextDoorMan @ Jan 22 2024, 02:27 PM)
I think so lol. But again, its up to haha
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kena game by Versa la...
up to.. walaueh... how they calculate
virtualgay
post Jan 24 2024, 03:12 PM

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QUOTE(ronnie @ Jan 24 2024, 02:06 PM)
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)
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ini i setuju
without promo i wont even consider invest in PRS as the tax reflief will not be able to cover back if you are at age 20/30/40++
if you are like me age 51, then no issue can cover back since 4 more years i will be able to withdraw

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