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Investment Versa

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ronnie
post Oct 11 2023, 02:19 PM

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https://www.bfm.my/podcast/enterprise/open-...sized-ambitions

Versa's CEO on BFM this morning.
ronnie
post Oct 23 2023, 03:41 PM

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PRS is for RM3k tax relief only... nothing to shout about.
At least gets 6% on first RM10k in Versa Cash
ronnie
post Oct 23 2023, 03:42 PM

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QUOTE(cybpsych @ Oct 23 2023, 03:38 PM)
check the app and email notification just sent out
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where's the button for Versa PRS ?
ronnie
post Oct 23 2023, 03:43 PM

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QUOTE(Ramjade @ Oct 23 2023, 03:37 PM)
Likely lousy AHAM PRS funds. Nothing to see. Move along. Haha...
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https://aham.com.my/invest-with-us/list-of-funds?type=PRS

Pretty low...indeed
ronnie
post Oct 23 2023, 05:19 PM

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QUOTE(cybpsych @ Oct 23 2023, 04:20 PM)
update your app
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AppStore iOS stays latest hahahaha... i guess need to wait.
It's under the Invest Now button ?
ronnie
post Oct 23 2023, 05:37 PM

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QUOTE(cybpsych @ Oct 23 2023, 05:24 PM)
no, there's a new button [Retirement] on the main page. it's been redesigned per current release.

ios, as usual, pending approval.
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Just got the update.... finally.
RETIREMENT button appears.

I wonder which would be the "best money making" PRS in AHAM ?
ronnie
post Oct 24 2023, 08:27 AM

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QUOTE(rocketm @ Oct 23 2023, 10:17 PM)
you guys will invest to the conservate -conventional or shariah one from profit perspective.

Besides 0% management fee, our invested amount will deduct annual PPA fee RM8 and 1.3% annual management fee. Is it correct?
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all these fess are already part of NAV (net Asset Value). it's transparent to you.
Just hope for high NAV when you turn 55
ronnie
post Oct 24 2023, 08:28 AM

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QUOTE(lovelyuser @ Oct 24 2023, 07:46 AM)
Aiyoh, you dunno just diam diam lar! Don't give wrong info lar!

Annual fee is NOT around RM8 and NOT depends on the fund, it's fix at RM 8 only if you have new investment on that year!

Can someone teach me how to report this misleading post?
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PPA Annual Fee is RM8, i think. where is it deducted from ?

user posted image

This post has been edited by ronnie: Oct 24 2023, 08:38 AM
ronnie
post Oct 24 2023, 10:17 AM

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QUOTE(virtualgay @ Oct 24 2023, 10:15 AM)
my encounter with PRS so far so good la... it a long term game
year 2015 i put RM1000 into it and end of 2015 the value left RM944.05 - maybe those deduction and fee
as off today i left with RM1416.27 (after 8 years)
so it is about 5% return per year agak agak some year higher some year lower

user posted image
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how come no top-up RM3k each year hehehehe
ronnie
post Oct 24 2023, 10:23 AM

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5 working days is the SOP for now...
ronnie
post Oct 24 2023, 10:30 AM

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QUOTE(lovelyuser @ Oct 24 2023, 10:17 AM)
https://www.ppa.my/joining-prs/other-important-information/

It deduct from our contribution on the 1st investment of the calendar year, means no investment no charge, if got invest then deduct from the amount we put in, so the net investment will less RM 8

user posted image
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Does this mean in Income Tax Relief for PRS, we get to claim RM2992 only ?

This post has been edited by ronnie: Oct 24 2023, 10:30 AM
ronnie
post Oct 24 2023, 12:10 PM

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QUOTE(virtualgay @ Oct 24 2023, 10:47 AM)
base on maximum of RM3k contribution into PRS multipy by your tax bracket
if you are paying 30% you get RM900 lo..
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you did not get my point.... how much can i put in the tax submission: 3000 or 2992 ?
ronnie
post Oct 24 2023, 03:46 PM

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QUOTE(storky20 @ Oct 24 2023, 03:32 PM)
No, full RM3000.

Based on the receipt you get from PRS.
But aiya RM3000 vs RM2992, they won’t come chase you.
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dont want a reason to kena audit for something so tiny
ronnie
post Oct 24 2023, 03:52 PM

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QUOTE(cybpsych @ Oct 24 2023, 03:32 PM)
https://versa.com.my/versa-private-retireme...rms-conditions/

// To be eligible for this Campaign Reward, Users are required to deposit a minimum total of RM3,000.00 Fresh Funds into his/her Versa’s PRS funds during the Campaign Period. In other words, Users are permitted to make multiple deposits into Versa’s PRS funds during the Campaign Period; however, Users must maintain a minimum total of RM3,000.00 in any of Versa’s PRS funds after any additional fees including Private Pension Administration Annual Fees in order to be eligible for this Campaign Reward. //
hmmm... may need to deposit more than 3k  hmm.gif
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aiyo yo... need to topup another RM100 hahahaha
ronnie
post Oct 24 2023, 03:59 PM

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QUOTE(virtualgay @ Oct 24 2023, 03:55 PM)
RM50 good enough la
btw which fund you choose?
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minimum topup = RM100 in the app.

I like risky investments = AHAM GROWTH PRS

This post has been edited by ronnie: Oct 24 2023, 04:00 PM
ronnie
post Oct 24 2023, 10:18 PM

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QUOTE(virtualgay @ Oct 24 2023, 04:02 PM)
never target PRS last year because of the troublesome process, this year damn happy with Versa!!
same same .... never want to apply due to "lazy" to fill up forms..which is so old-school

ronnie
post Oct 24 2023, 10:28 PM

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QUOTE(xander2k8 @ Oct 24 2023, 05:11 PM)
5 days is standard 🤦‍♀️ 2business days to verify the account while another 3 days to invest into the fund 🤦‍♀️
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My account no. for Versa PRS available but still not shown in AHAM i-Access
ronnie
post Oct 26 2023, 10:31 AM

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My PPA PRS account has been created within 2 working days (created under Versa PRS)
Today my first RM3000 Cash-In is completed

This post has been edited by ronnie: Oct 26 2023, 10:37 AM
ronnie
post Oct 26 2023, 04:24 PM

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QUOTE(virtualgay @ Oct 26 2023, 01:12 PM)
PRS Account verification done - deposit RM1000, see RM1000
my RM2050 is still coming in
i am noob to PRS, it say we can withdraw 2 times 1 year from account 2

is it like SSPN or after 1 year it do not care about year end balance?

user posted image
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each withdrawal cost RM25
ronnie
post Oct 26 2023, 04:25 PM

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QUOTE(virtualgay @ Oct 26 2023, 01:12 PM)
PRS Account verification done - deposit RM1000, see RM1000
my RM2050 is still coming in
i am noob to PRS, it say we can withdraw 2 times 1 year from account 2

is it like SSPN or after 1 year it do not care about year end balance?

user posted image
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which date was your RM1000 units were calculated ?

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