How versa works, i have 108 balance, dec i got 9sen,Nov got 4 sen... Return seems to be very low... Its like 1% and 0.5% pa i got

I have been trying to cash in for the past 2 days but unsuccessful.
Always stuck at the fpx page and sometimes even before that.
Anyone experience the same?

Withdrawn 2k, received a little slightly more than 2k. Will versa credit the dividend together?

I switched to PBB then it works. The handshake between Ambank and FPX is the problem.

i got a cash reward notification today, noticed it's dated 9/1 in the transaction history. Not sure if we need to wait until 31st Jan to see if the 4% adjustment comes in later. I guess we should all go ask Versa.

to be honest i can't make heads or tails from the sheet.. haha...

but if there are additional deposits or withdrawals over time, i just line them up and then use the XIRR function in Excel to get the %...

How rich already after investing/gambling here?

ok, better NYSE games then.

Just ignore this teslaman lar, he come and kacau only

Update from Versa: Versa Cash provided a 3.45% p.a. return for Dec'22, far above it's target of 2.75%.

This rate was applicable for all funds that didn't qualify for the promotional 4% rate, e.g. funds above the RM30k cap.

Actually ended up 0.01% better than KDI even without promotional bonus.

nope
the return we receive is projected return 3.45% - management fee 0.30% - trustee fee 0.05% ~ 3.1%

if you checked the daily gain, would have realised it is 3.10% instead of 3.45%
divide 14 January 2023 balance by 13 January 2023 balance, then multiply by 365

Any referral code for versa? new here.

One question. I noticed the money stored is not protected by PIDM. What if one day they have a system glitch or got hacked, will my money be affected? Like e-wallets, I kena once where my money being reduced for no reasons.

One question.

I deposited RM 100 for the account to be verified a few days ago.

I got an email today saying my account is verified.

But in my app, it is still showing cash coming in RM 100, but total cash is RM 0.00.

Any idea why my original deposited RM 100 not in yet?

Also by theory, I should get extra RM 10 using the referral code too.

Just would like to confirm is Versa Cash return rate is 3.45%? This seems to be the best 'non promo' rate correct?

KDI is 3.5% promo and SA Simple is 3.1%

Amount less than 10k.

i withdraw 30K from versa to my bank acc and only received 29,977.15 in my bank acc... what happen to my balance of 22.85??? Anyone  knows why?

I have some questions.

1. If I deposit cash into Versa, assume it automatically goes into Versa Cash. Based on my earlier deposited RM 100, it seems to go into Versa Cash.

It is because you only have Versa Cash 🤦‍♀️ If you got multiple portfolio you will have to select

2. If I keep the money in Versa Cash up to 1 year, I can enjoy 4% rate (even I will deposit more cash or withdraw)?

Not necessary at that rate because they are using monthly variable base return hence you won’t until they announce the %

3. Can I lose money in Versa Cash if it under performs?

Very remote as it has never return a negative performance since inception

4. If I want to enjoy higher percentage, I will just invest in Versa Moderate or Versa REITs to enjoy higher %?

Not necessary as it is market dependent

5. So if my deposit is RM 1,000 and Versa moderate or REITs is low performing, can I lose all my RM 1,000?

High unlikely to be 0 unless the fund manager invests in bankrupt companies 🤦‍♀️

6. Similar to above, can I lose all and even owe Versa money?

Not possible because your are investing via cash only method

I cash in since Nov 22. Both moderate and growth Also up actually. Growth slower. But probably it's for long term investment, can't see much in short period.

So far I only cash in 200-300 for each type including gold and REIT for testing. All up a bit. Around rm9-12 each.

I just started using Versa Cash and Go+.

In Versa, after deposited RM300, I can't see any changes to my amount, etc.

In Go+, I can see daily earnings straight to my total amount

For Versa, how do I know how much can I gain? Do I have to wait for 1 year?

Won't Go+ be better than Versa?

Why still cap at 30k max…