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Investment Versa – Digital Cash Management

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SUSxander83
post Jun 19 2021, 04:40 AM

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QUOTE(Takudan @ Jun 18 2021, 06:23 PM)
Checked Playstore, Versa last update was 9 June so that probably shouldn't be the issue here. I guess it's just their pricing update delay...
The website only has 2 decimal points, unfortunately not helpful to my puny amount tracking lol.

Just checking in today, my account sits at 1502.38/1282.44 units, which translates to pricing of 1.1715012, 1.904% p.a. Indeed looking a lot better... But the ever changing value is confusing and it's giving a perception that I can lose money 😵 does this mean the NAV can only stay or go up in price? Else if it can go down then I assume we should be given equivalent units in return, because my understanding of Versa is like any MMF, there is no negative return.
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It is part of their pricing mechanism which is normal because most MMF are priced in order to extract the profit to payout early

Your calculations are wrong because are using simple method just like FD when the yearly rate is currently at 2.09% after compounded every fortnight because it is not a simple interest calculation doh.gif

NAV price will go down readjusted but you gain in units as the payout is given as unit basis

Even GO+ only can tracked 2 decimal points when the payout reaches rm0.01

In Versa if you’re are holding term just check every fortnight on Wednesday or Thursday on your units holdings will do

QUOTE(CoronaV @ Jun 18 2021, 08:20 PM)
Hi im new to versa
I deposited 1k on 15/6 and it reflected 0.12 lifetime gain today. Is this normal? How to maximise the interest gained?
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Deposit during long weekends and public holiday eve to gain overnight interest with every rm100 will be rm0.01 interest

This post has been edited by xander83: Jun 19 2021, 04:42 AM
DragonReine
post Jun 20 2021, 12:55 AM

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QUOTE(Takudan @ Jun 18 2021, 06:23 PM)
Checked Playstore, Versa last update was 9 June so that probably shouldn't be the issue here. I guess it's just their pricing update delay...
The website only has 2 decimal points, unfortunately not helpful to my puny amount tracking lol.

Just checking in today, my account sits at 1502.38/1282.44 units, which translates to pricing of 1.1715012, 1.904% p.a. Indeed looking a lot better... But the ever changing value is confusing and it's giving a perception that I can lose money 😵 does this mean the NAV can only stay or go up in price? Else if it can go down then I assume we should be given equivalent units in return, because my understanding of Versa is like any MMF, there is no negative return.
*
MMFs can, in fact, trend downward, but extremely slowly (see the monthly view for net asset value here: https://www.investing.com/funds/affin-hwang...historical-data ), about on par with how fixed deposits change in offered interest rates.

The units given on distribution will override any "loss" in NAV however, as usually it's more than NAV drop in value which moves in 3 decimal points (or 0.0x% range relative to past NAV) laugh.gif compounding interest usually covers that problem easily.

example: Jan 2019 has 1.168 NAV, moved up to 1.176 on March 2019, then slipped until current NAV of 1.171

This post has been edited by DragonReine: Jun 20 2021, 12:58 AM
CoronaV
post Jun 22 2021, 12:55 PM

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I requested withdrawal yesterday around 1.30pm. Until now no crediting. Isnt T+1?
cybpsych
post Jun 22 2021, 01:07 PM

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QUOTE(CoronaV @ Jun 22 2021, 12:55 PM)
I requested withdrawal yesterday around 1.30pm. Until now no crediting. Isnt T+1?
*
evening today
kkk8787
post Jun 23 2021, 10:12 AM

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I deposited after office hour on Friday till now not reflected is that normal
My first deposit
kkk8787
post Jun 23 2021, 10:24 AM

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I’m a bit confused regarding this versa. Do they actually deposite in varying durations of FDs like cash management funds or some other riskier ones like bonds
DragonReine
post Jun 23 2021, 12:01 PM

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QUOTE(kkk8787 @ Jun 23 2021, 10:24 AM)
I’m a bit confused regarding this versa. Do they actually deposite in varying durations of FDs like cash management funds or some other riskier ones like bonds
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It's mostly FD and fixed income, no long term bonds:

https://my.morningstar.com/my/report/fund/p...px?t=0P00008ME1

This post has been edited by DragonReine: Jun 23 2021, 02:05 PM
kkk8787
post Jun 23 2021, 12:31 PM

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QUOTE(DragonReine @ Jun 23 2021, 12:01 PM)
It's mostly FD and fixed income, no bonds:

https://my.morningstar.com/my/report/fund/p...px?t=0P00008ME1
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What are fixed incomes ya
DragonReine
post Jun 23 2021, 02:02 PM

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QUOTE(kkk8787 @ Jun 23 2021, 12:31 PM)
What are fixed incomes ya
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usually refers to short term bonds aka "investment grade" corporate bonds

This post has been edited by DragonReine: Jun 23 2021, 02:03 PM
AnasM
post Jun 23 2021, 03:27 PM

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i dont see they invest in bond
kkk8787
post Jun 23 2021, 07:48 PM

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No place to read their exact holdings now?
Takudan
post Jun 23 2021, 09:43 PM

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QUOTE(xander83 @ Jun 19 2021, 04:40 AM)
It is part of their pricing mechanism which is normal because most MMF are priced in order to extract the profit to payout early

Your calculations are wrong because are using simple method just like FD when the yearly rate is currently at 2.09% after compounded every fortnight because it is not a simple interest calculation  doh.gif

NAV price will go down readjusted but you gain in units as the payout is given as unit basis

Even GO+ only can tracked 2 decimal points when the payout reaches rm0.01

In Versa if you’re are holding term just check every fortnight on Wednesday or Thursday on your units holdings will do
Deposit during long weekends and public holiday eve to gain overnight interest with every rm100 will be rm0.01 interest
*
Thanks for pointing out about the compounding interest calculation; indeed not a fair comparison to FD then. taking my example (at a 1-month mark so far) however, I am still not getting a 2.09% like you say, can you please show me how you get it?

To keep my calculations simpler, I'm assuming the fortnightly interest to be 1.904% compounding p.a. although that was based on monthly calc. My current calculation returns 1.9215% simple p.a. Breakdown:
There are 52/2 = 26 fortnights in a year
Fortnightly rate, 1 + (0.01904/26) = 1.0007323076923076923076923076923
Annualized, 1.0007323076923076923076923076923^26 = 1.0192153146108898918543119717508

I'm considering to compare other short-term investments so I want to fully understand if I'm using the right methods to calculate.
SUSxander83
post Jun 24 2021, 08:24 AM

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QUOTE(kkk8787 @ Jun 23 2021, 10:12 AM)
I deposited after office hour on Friday till now not reflected is that normal
My first deposit
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It will take 3 days to reflect in your account by today it will show your new holdings

QUOTE(Takudan @ Jun 23 2021, 09:43 PM)
Thanks for pointing out about the compounding interest calculation; indeed not a fair comparison to FD then. taking my example (at a 1-month mark so far) however, I am still not getting a 2.09% like you say, can you please show me how you get it?

To keep my calculations simpler, I'm assuming the fortnightly interest to be 1.904% compounding p.a. although that was based on monthly calc. My current calculation returns 1.9215% simple p.a. Breakdown:
There are 52/2 = 26 fortnights in a year
Fortnightly rate, 1 + (0.01904/26) = 1.0007323076923076923076923076923
Annualized, 1.0007323076923076923076923076923^26 = 1.0192153146108898918543119717508

I'm considering to compare other short-term investments so I want to fully understand if I'm using the right methods to calculate.
*
Wrong method because compounding doesn’t work that way because of fortnight units payout coupled with daily interest

You need to calculate based of number of units to give the accurate percentage

Currently Versa paying interest at on average 0.00008 to each unit daily which times 365 days which gives to 2.9% after minus the expense and taxes

You need to refer AHAM daily price to refer on how their calculation because the daily price fluctuates between 1.1711 to 1.1722
DragonReine
post Jun 24 2021, 09:02 AM

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QUOTE(Takudan @ Jun 23 2021, 09:43 PM)
Thanks for pointing out about the compounding interest calculation; indeed not a fair comparison to FD then. taking my example (at a 1-month mark so far) however, I am still not getting a 2.09% like you say, can you please show me how you get it?

To keep my calculations simpler, I'm assuming the fortnightly interest to be 1.904% compounding p.a. although that was based on monthly calc. My current calculation returns 1.9215% simple p.a. Breakdown:
There are 52/2 = 26 fortnights in a year
Fortnightly rate, 1 + (0.01904/26) = 1.0007323076923076923076923076923
Annualized, 1.0007323076923076923076923076923^26 = 1.0192153146108898918543119717508

I'm considering to compare other short-term investments so I want to fully understand if I'm using the right methods to calculate.
*
Can't use that method you're trying to do, all MMFs based products don't compound in an "easy to calculate with single formula" method. You need to treat it like an unit trust: The only accurate way to gauge is to take the total amount of units you have, times the NAV of the day you're calculating, record that amount down, then continue to track it daily over time. In this case because it's a low volatility MMF, you only need to travck it for a month. You'll get a good idea of the growth rate that way.

This post has been edited by DragonReine: Jun 24 2021, 09:02 AM
SUSxander83
post Jun 24 2021, 09:28 AM

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QUOTE(DragonReine @ Jun 24 2021, 09:02 AM)
Can't use that method you're trying to do, all MMFs based products don't compound in an "easy to calculate with single formula" method. You need to treat it like an unit trust: The only accurate way to gauge is to take the total amount of units you have, times the NAV of the day you're calculating, record that amount down, then continue to track it daily over time. In this case because it's a low volatility MMF, you only need to travck it for a month. You'll get a good idea of the growth rate that way.
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His method is wrong because on fortnightly returns while AHAM EDEP is tracked daily


Mr.Weezy
post Jun 24 2021, 01:18 PM

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Guys, to gain the max overnight interests before withdrawal,

best timing is to withdraw on Friday night?
kkk8787
post Jun 24 2021, 03:02 PM

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Just checked with versa yes they only invest in FDs
Ramjade
post Jun 24 2021, 06:17 PM

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QUOTE(Mr.Weezy @ Jun 24 2021, 01:18 PM)
Guys, to gain the max overnight interests before withdrawal,

best timing is to withdraw on Friday night?
*
No difference. The transaction uou do on Friday night it's counted as Monday morning transaction.

QUOTE(kkk8787 @ Jun 24 2021, 03:02 PM)
Just checked with versa yes they only invest in FDs
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Yes. The fund only invest in FDs and not bonds.

This post has been edited by Ramjade: Jun 24 2021, 06:19 PM
SUSxander83
post Jun 25 2021, 04:21 AM

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QUOTE(Mr.Weezy @ Jun 24 2021, 01:18 PM)
Guys, to gain the max overnight interests before withdrawal,

best timing is to withdraw on Friday night?
*
Withdraw on Wed or Thursday after payout is the best rclxms.gif

QUOTE(kkk8787 @ Jun 24 2021, 03:02 PM)
Just checked with versa yes they only invest in FDs
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Only FDs up to 762 days maturities hence Versa will always be positive just the return is getting lower now as ppl are starting to withdraw FDs to survive FMCO doh.gif
kkk8787
post Jun 25 2021, 05:47 AM

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QUOTE(xander83 @ Jun 25 2021, 04:21 AM)
Withdraw on Wed or Thursday after payout is the best  rclxms.gif
Only FDs up to 762 days maturities hence Versa will always be positive just the return is getting lower now as ppl are starting to withdraw FDs to survive FMCO  doh.gif
*
Y wed and Thursday best

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