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Investment Versa

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SUSxander83
post Jul 8 2021, 05:04 AM

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QUOTE(DragonReine @ Jul 7 2021, 10:55 AM)
Personally I'd consider SA Simple only if they update the withdrawal time to match Versa. Will see if SAMY changes their withdrawal process.
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The problem is SA mechanism is to rigid as all would be the same withdrawal time frame doh.gif
SUSxander83
post Jul 21 2021, 07:55 AM

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QUOTE(cybpsych @ Jul 20 2021, 11:33 AM)
last week's PAYOUT in units

also noticed there's a new entry called BONUS in RM, I guess this is the value of the payout unit
**update: probably the bonus related to this**

user posted image
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How much was the rebates rclxms.gif
SUSxander83
post Aug 9 2021, 03:29 PM

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QUOTE(Solar Calendar @ Aug 9 2021, 03:20 PM)
why so effing low
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Cause not enough for Versa in deposits due to bad economy as most ppl has withdrawn FD atm especially long term ones doh.gif
SUSxander83
post Aug 9 2021, 03:38 PM

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QUOTE(Solar Calendar @ Aug 9 2021, 03:31 PM)
So no bargaining power ah? Haish, no worries, ayam will contribute.
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Banks are now currently flushed with cash unlike Apr 2021 when they are tonnes FD promo around which give ridiculous 2.5%pa for 2 year FD hence better with stick MMF for now

Use it short term parking only and then buy stocks and sell rclxms.gif
SUSxander83
post Aug 9 2021, 05:10 PM

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QUOTE(Solar Calendar @ Aug 9 2021, 03:47 PM)
Eh? 2.5% better than Versa fuyyoh drool.gif
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Where good cannot touch 2 years while Versa can anytime in and out

Difference only 0.54% not worth when Versa has better compunding while FD is simple interest doh.gif
SUSxander83
post Aug 10 2021, 03:39 AM

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QUOTE(tehoice @ Aug 9 2021, 09:08 PM)
which bank giving 2.5%?
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So many you just need to ask and locked in for 2 years doh.gif
SUSxander83
post Aug 20 2021, 02:30 PM

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QUOTE(goliath @ Aug 20 2021, 02:23 PM)
I made a withdrawal on Wed night but have yet to receive the funds in my bank account. Is this common?
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You will receive do by today’s because it is only process yesterday before 2.30pm which is the cut off time
SUSxander83
post Sep 1 2021, 01:52 AM

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QUOTE(aberrant80 @ Aug 31 2021, 11:58 AM)
Can ask why?
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Because low growth and coupled with fixed income rates hence lower growth

MMF is only supposed to park excess money in order to compound slower and consistently while waiting opportunity for higher risk to come to the fold
SUSxander83
post Oct 9 2021, 10:45 PM

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QUOTE(guy3288 @ Oct 9 2021, 07:17 PM)
I find  SA simple return is lower than Versa, so  withdrew some out from SA Simple.

I read tru above posts and gather that  best days to withdraw from Versa is Wed/Thurs, get  money by Friday evening

Any best days to deposits to Versa? Deposits on Sat can earn weekend interest?

I  withdrew money from SA simple Mon  4.10.1 and noted today money in my MBB dated 8.10.21. I quickly  deposited it to Versa 9.10.21 9.30am, just wonder is there any difference or not  compared to another  who deposit  on coming Monday 11.10.21, Amount RM50k.

TQ

PS:Versa now give rebates to get us 2.46% return ? so good, but where is this money coming from? From Versa's own earning? from  fees charged to us?
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SA Simple is the worst is due to slow withdrawal as it takes 3 days minimum or liquidity while Versa is highly liquid as you are be able to liquidate next business day

Money is from buying other bank depositers which is why they are able to give better daily interests

QUOTE(edwin1002 @ Oct 9 2021, 09:53 PM)
Do not deposit on sunday. mon-sat is okay
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Unless you depositing more than rm100, Sunday is the worst doh.gif

The worst is in fact in on Saturday and the day before the payout Thursday doh.gif
SUSxander83
post Oct 10 2021, 10:05 PM

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QUOTE(jonoave @ Oct 10 2021, 04:41 PM)
I opened an account on the weekend, deposit money on Saturday and got "overnight interest".
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No point because you will be delayed buy on Monday lose on earning 1 day interest doh.gif

As long as you deposit more than rm100 any day overnight interest is earned doh.gif
SUSxander83
post Oct 11 2021, 02:14 AM

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QUOTE(jonoave @ Oct 11 2021, 01:01 AM)
The money was sitting idle on another account, so at least with overnight interest that's bit more than just transferring on Monday.
It was a nice discovery since I just opened the versa account to try it.

And maybe you can chill on the facepalm emojis, it seems everything around the world just annoys you all the time or you're way too smart for everything.
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The best time is always the Friday and Monday before 2.30pm after the payout as you would buy on lower price and earn immediately rclxms.gif
SUSxander83
post Oct 11 2021, 05:21 PM

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QUOTE(jonoave @ Oct 11 2021, 03:22 PM)
That's like saying "the best time to invest is yesterday". Of course, ideally it would be .

I'm just clarifying your statement here.
That Saturday is not the worst day, since you do get overnight interest. I haven't tried on Sunday so can't say about that.
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Like I said Saturday because Sunday you don’t interest at all

Overnight interest will be everyday irregardless whether weekend as long it is more than rm100 deposit so don’t need wait until Saturday doh.gif
SUSxander83
post Oct 11 2021, 07:38 PM

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QUOTE(jonoave @ Oct 11 2021, 06:45 PM)
So which is worst? Saturday or Sunday? If Sunday no interest at all, why Saturday is the worstt?
At least on Saturday I got overnight interest, from my experience.
Or maybe, just maybe:
Someone's FD matured on Saturday or he received money to his account on that day.
So instead of letting it idle over the weekend till Monday, he could transfer it directly on Saturday to get some overnight interest?

Instead of assuming someone purposely letting the money sit for one week in savings account until Saturday.
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Both equally worst because delaying in buying and earning interest but as long deposit more than rm100 overnight interest is incurred doesn’t matter what is the day doh.gif

Why bother putting in FD when MMF is better in terms of returns and when move you money too much you just lost time in earning the interests doh.gif

This post has been edited by xander83: Oct 11 2021, 07:39 PM
SUSxander83
post Oct 11 2021, 11:46 PM

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QUOTE(jonoave @ Oct 11 2021, 08:15 PM)
you really do have an amazing ability to keep steering away the conversation instead of admitting you were wrong.

First you said:
When I explained that I got overnight interest on Saturday deposit, then you changed tune (and doesn't make sense to me).
And final reply, as above.
From me clarifying that sometimes people might get morey on weekends, thus depositing on Saturday in Versa  is not a bad idea since you get overnight interest:

You:
"Why you bother put money in FD??"  doh.gif

I applaud your goalpost-shifting.
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Learn to read as overnight interest is incurred anyway as long you deposit rm100 on any day so silly put in on Saturday when you already lost 2 days of time to earn interest on that and you seriously doesn’t know how Versa at all doh.gif

Putting FD is stupid because your money is locked in and if you withdraw earlier before due you just the lost 8nterest hence MMF is the way forward with compounding and when move your money with too many channels you just lost interest instead doh.gif

This post has been edited by xander83: Oct 11 2021, 11:47 PM
SUSxander83
post Oct 12 2021, 04:14 AM

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QUOTE(jonoave @ Oct 12 2021, 02:57 AM)
At this point I don't even know what you're talking about.

So which point are you sticking to now?
A. Saturday - Worst!
b. Even Sunday no interest, Saturday is still worst because overnight interest
C. No, both Saturday and Sunday equally worse
D. Now, actually any day is fine as long as more than RM100.
Are you purposely misinterpreting my comments or your reading comprehension is lacking?

This was what I said:
This is nothing to with FD. I simply gave an EXAMPLE of how someone might get money on Saturday, EXAMPLE if an FD matures or someone transfers money.
And rather than waiting till Monday, it might not be a bad idea to deposit into Versa on Saturday.
I repeated this point in my latest comment

And your response above is to repeat "FD sucks."
Really facepalm back at you.

Anyway I will not bother replying anymore since it's clear you just read what you want to read, changing your answer when someone makes a point and just run the conversation into unrelated matters.

You remind of Kellyane Conway, just harp on one word the other person says and run into another direction.
I said "for example if FD mature..', then you divert and go "why you put FD, FD sucks, MMF bettter .. "
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A simple one liner just go and read how overnight interest works for more than rm100 and learn why it is bad on the weekends as you just missed out 2 days on interest still is floating around and will be only on Monday’s doh.gif
SUSxander83
post Oct 30 2021, 09:39 PM

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QUOTE(royalz @ Oct 30 2021, 09:35 PM)
Hi, generally how much versa return on average? and any deposit limit?
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1.98%pa atm and deposit limit as low as rm1
SUSxander83
post Nov 1 2021, 10:53 PM

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QUOTE(Ihaveaquestion @ Nov 1 2021, 10:49 PM)
Sorry , Im wondering , trying to understand. do you mean deposit on every monday and withdraw every thursday?
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Deposit on Thursday and withdraw on the following Thursday
SUSxander83
post Nov 2 2021, 03:33 AM

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QUOTE(Ihaveaquestion @ Nov 1 2021, 10:56 PM)
But the payout is 14 days right?
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Full cycle payout with additional units yes 14 days

QUOTE(Ihaveaquestion @ Nov 1 2021, 11:29 PM)
ok, Understood already. Reading back a few times , Thank you thumbup.gif
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No worries rclxms.gif
SUSxander83
post Dec 24 2021, 07:24 PM

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QUOTE(no6 @ Dec 24 2021, 04:58 PM)
full withdrawal one day before payout will cause a loss or versa will credit the extra unit back to you after the payout completion ?
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Loss so withdraw the following Monday after the payout has been adjusted NAV
SUSxander83
post Dec 29 2021, 06:04 PM

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QUOTE(Hoshiyuu @ Dec 29 2021, 05:42 PM)
Goodbye overnight interest.
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Bonus gone so now let’s whether can outperform more by 20% of OPR next year doh.gif

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