based on the rebate credited 09/01/2023, it appears that the campaign allocation is exhausted

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.

This post has been edited by gooroojee: Jan 11 2023, 11:11 AM

Want to check if everyone get the same rebate based on their balances compared to last month's?

I think the situation above already happened, bummer tho still got 20 days left

If so time to move back to good ol KDI

Share with us how much you plan to move back, and I let you know the opportunity cost

perhaps you financial gurus can calculate your ROI for December based on:

- Your opening balance on Dec 1st
- Your closing balance on Dec 31st
- Your cash reward/rebate for Dec which was paid out today (the bonus)

I had a chat with Versa and they gave me this:

- 1 Dec = RM30,086.49
- 31 Dec = RM30,191.89
- 9 Jan = RM14.01

Total returns for Dec = RM119.41

no, the rebate should be for the entire month of December 2022

if the allocation has been depleted, then the entire month is gone instead of the 20+ days
just withdrew this morning after disappointed by the rebate amount

the problem is the value as at 1 Dec / 31 Dec might not be up-to-date



since the daily lifetime gain is still approximately 3.1% p.a.
the rebate for Nov RM 6.12 vs Dec RM 7.04 does not seem right for 4% p.a.

Bonus only will be paid out middle of the month hence you should have wait before withdrawal 🤦‍♀️

Rebates are being paid usually first 10 days of the month period and it is to cover the shortfall from last month

Btw their projected rate for 2023 still not out yet and should be set at 3% for now

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 %...

Look at the far right corner will do as it will show the interest earned already

To simplify it a bit, let's put a starting balance on 1-Nov, then end balance on 31-Dec (as reported on Versa app on that day - and Versa support can also tell you the amount), then add the 'adjustment' on 9-Jan.

The combined IRR should be at 4%. Would be great to see others' returns to triple confirm.

pretty old school

nvm, let's use your language:
no, as i expected, my rebate is way too low

have to take out the RM 10 referral bonus from the value as at 31 Dec (cash in + lifetime gain + total bonus - RM 10)

How rich already after investing/gambling here?

Only max with bonus up to 4% pa so how can be rich 🤦‍♀️

The reason why Versa is to protect the value and liquidity of the capital not to be rich

ok, better NYSE games then.

Yes better go play with Tesla options 😂

Just ignore this teslaman lar, he come and kacau only

Ok, so i had another look at your sheet, and it seems you are dating your deposits on the day you deposited to Versa, and not the date Versa converted them to AHAM fund units, which per your spreadsheet is 2 days later.

So, if I adjusted the dates on your deposits to when it's actually 'interest bearing', it looks about right.

Maybe he got bored as Tesla very slow Price action this few days 😂

so based on the T+2 days, then my balance should be RM 27,071.37 instead of RM 27,067.88 right

i think you need to minus one day off all your manual formulas as your ending balance is as of 31-dec... i.e. 31-dec minus 30-dec doesn't equal 2 days of 'interest'.