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Investment Versa

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chiwawa10
post Jan 21 2023, 03:47 PM

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QUOTE(ericwen @ Jan 21 2023, 01:54 PM)
I signed up. How come I am forced to share my employment details, like company name, company address.. isn't this a personal thing? why they need to know my company I work for details.

Can I choose homemaker to avoid this? or can i put fake details?
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You only need to answer to mandatory fields. If employment details is one of it, it's probably part of regulation requirement from bank negara. As one user mentioned above, it's eKYC (know your customer).
lovelyuser
post Jan 21 2023, 07:12 PM

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Oh, don't worry, KDI is regulated by Security Commission of Malaysia, all info suppose to kept safe and secure.

Btw, some pple sign up famous online forex trading (TFX) also upload their IC front and back mar…
xander2k8
post Jan 21 2023, 08:36 PM

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QUOTE(ericwen @ Jan 21 2023, 09:40 AM)
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.
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PIDM only insures bank accounts and FD 🤦‍♀️

Won’t be that easy to hack or system glitch as Versa is on seperate system from the fund provider and you should be worried more about the fund provider and manager instead not doing a good job in managing risks in your fund more 🤦‍♀️
ericwen
post Jan 25 2023, 09:55 AM

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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.
Ramjade
post Jan 25 2023, 10:05 AM

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QUOTE(ericwen @ Jan 25 2023, 09:55 AM)
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.
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Public holiday. Today only banks are open.
xander2k8
post Jan 25 2023, 01:14 PM

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QUOTE(ericwen @ Jan 25 2023, 09:55 AM)
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.
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Wait for another 2 days as it is buying the fund now 🤦‍♀️ and not instant

It is in transit now and will be reflected by Friday the latest

Referral bonus will only be paid out in the middle of the month
smokymcpot
post Jan 26 2023, 01:18 AM

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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.

notworthy.gif

This post has been edited by smokymcpot: Jan 26 2023, 01:20 AM
xander2k8
post Jan 26 2023, 03:24 AM

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QUOTE(smokymcpot @ Jan 26 2023, 01:18 AM)
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.

notworthy.gif
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Yes that’s right

For KDI is not promo but 3.5% is maintained till further notice
[Ancient]-XinG-
post Jan 26 2023, 10:48 AM

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Versa extend the promotion untill end of feb

Anyhow its getting weird

For so many days 21 to 25 with no movement, today is just up merely abit? And i do noticed the gain trend isn’t consistent at all. And i am not adding or withdrawing money at all within this period
gooroojee
post Jan 26 2023, 04:45 PM

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QUOTE(Ancient-XinG- @ Jan 26 2023, 10:48 AM)
Versa extend the promotion untill end of feb

Anyhow its getting weird

For so many days 21 to 25 with no movement, today is just up merely abit? And i do noticed the gain trend isn’t consistent at all. And i am not adding or withdrawing money at all within this period
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It works like unit trusts...
Afterburner1.0
post Jan 26 2023, 05:25 PM

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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?

This post has been edited by Afterburner1.0: Jan 26 2023, 05:26 PM
xander2k8
post Jan 26 2023, 06:36 PM

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QUOTE(Afterburner1.0 @ Jan 26 2023, 05:25 PM)
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?
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Check your account tomorrow

Should be excess for the unsold units because rounding or price adjustment as paid out should be happening this week
Afterburner1.0
post Jan 26 2023, 09:27 PM

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QUOTE(xander2k8 @ Jan 26 2023, 06:36 PM)
Check your account tomorrow

Should be excess for the unsold units because rounding or price adjustment as paid out should be happening this week
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Ok will check it tomorrow .. thanks !
ericwen
post Jan 27 2023, 12:25 PM

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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.

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)?

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

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

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?

6. Similar to above, can I lose all and even owe Versa money?
1mr3tard3d
post Jan 27 2023, 02:57 PM

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QUOTE(ericwen @ Jan 27 2023, 12:25 PM)
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.

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)?

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

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

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?

6. Similar to above, can I lose all and even owe Versa money?
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1. should be able to select fund when cash in
2. the 4% promotion has been extended to 28 February 2023, applicable to first RM 30,000 balance only
3. the possibility is not zero, but highly unlikely
4. theoretically yes, as equity/property has been performed greater than money market in the long term; the return in the short term may not be the case
5. the possibility is greater than question 3
6. no, the investment amount will be the maximum you could lose. It's cash account instead of margin account.

This post has been edited by 1mr3tard3d: Jan 27 2023, 02:59 PM
xander2k8
post Jan 27 2023, 03:34 PM

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QUOTE(ericwen @ Jan 27 2023, 12:25 PM)
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

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I suggest you to read and dig more before venturing further 🤦‍♀️

Seems you are more worried about losing money suggest you to just put into Versa Cash and Gold

Don’t waste your money buying into others as the fees and performance is not that consistent and it will eat in your returns


cweng93
post Jan 27 2023, 08:57 PM

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any1 put some money into Moderate or Growth for quite some time?
How's the performance ya?
ericlaiys
post Jan 27 2023, 09:11 PM

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QUOTE(cweng93 @ Jan 27 2023, 08:57 PM)
any1 put some money into Moderate or Growth for quite some time?
How's the performance ya?
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growth loss
moderate up
BladeRider
post Jan 30 2023, 11:09 AM

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QUOTE(cweng93 @ Jan 27 2023, 08:57 PM)
any1 put some money into Moderate or Growth for quite some time?
How's the performance ya?
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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.
xander2k8
post Jan 30 2023, 02:41 PM

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QUOTE(BladeRider @ Jan 30 2023, 11:09 AM)
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.
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If you bought slightly earlier during mid Oct you will be gaining at least 3% or more as market beaten and then

At least you are up 👏

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