ah.. blinded

We just want our tax relief saja
If you are at 30% quite a good number correct?

This post has been edited by virtualgay: Oct 28 2023, 02:14 AM

Most likely will extend

Normally is like sspn so it will extend

so quiet?
versa fund indeed sucks
3050 left 3046

PRS won't la... Gov sure give pressure if drop ma
By right it should over perform than standard funds but our PRS lousy la average like 3% saja

This is supposed to be a conservative fund and yet it goes up and down like yoyo

honestly i have no idea what i invest into
i am just gonna hope and pray it goes up in the next 5 years when i reach 55 thats all
and i get to enjoy my tax deduction for the next 5 years

anyone got Versa Cash rebate? I got 2 rebates and i only put in 10k just to get the 6% because i invest into PRS, previously i only have like RM120++ in the Versa Cash

I guess 10k 6% is not too bad
Next month see what is the number I will share again

I never calculated and I don't really understand versa that is why I never put money in Versa until they have the 6% promo for 10k so I try my luck with 10k lo

they will pay 90 days of interest for 10k worth on investment in Versa Cash that will be about rm150 in terms of interest gain

10000 x 6% / 365 x 90 = 147.95
So once 90 days over I will add up all the rebate see got this amount or not

This post has been edited by virtualgay: Nov 10 2023, 04:59 PM

i dont understand - meaning in total you only get 2% of profit after investing for 1 full whole year?
so the prmose 4.3% is tiup ka?

i put into prs not for the 150 but more for the tax rebate and i am near retirement

I am sure I am one of the 5k because I have doubles rebate for this month

Wait December we gonna get rm100 for our 10k deposit

Cuba lo
I don't think many ppl will take it as it lock you down till 55

most likely that is the case
or their evil plan since they already cukup just try to get more ppl to sign up so they can grow their fund size

5000 users does not mean all 5000 users will have 10k in Versa Cash
but if u decide to put 3k in PRS, you better have 10k in Versa cash up until they pay you the bonus else not worth

the 90 days is tipu because Versa PRS was launched around 20th October then campaign end by 31st December, how to get 90 days? Or did they really launch it on 1st October?

https://theedgemalaysia.com/node/690307
Versa PRS offerings garnered RM1 mil in five days

KUALA LUMPUR (Nov 16): Versa, the homegrown digital wealth management app, garnered RM1 million in five days from its users to invest in PRS (private retirement scheme) funds.

The app started offering those funds five days ago during its soft launch. A total of five funds are available on the Versa app, all managed by AHAM Asset Management Bhd.

A key benefit of investing in PRS funds is to enjoy a tax relief of up to RM3,000 provided by the government.

Versa also provides additional benefits for its users who chip in RM3,000 in PRS funds through the app. They include an additional RM50 bonus and 6% per annum net returns on the first RM10,000 balance they invest in Versa Cash (a money market fund managed by AHAM) for 90 days.

eoh Wei-Xiang, its CEO and co-founder says Versa's PRS offerings are tailored specifically for Malaysian millennials and Gen-Zs to maximise their tax reliefs and to encourage them to start planning for their golden years when they are still young.

According to Prime Minister Datuk Seri Anwar Ibrahim, 81% of EPF contributors will not have enough savings to live above the current poverty line after their retirement.

The national poverty line for 2022 was defined as a monthly income of RM2,589 and below.

“In response to these pain points, Versa developed a user-friendly mobile application with a strong focus on simplicity, which allows users to easily sign up, cash in, set up auto debit and track their portfolios, all with just a few taps,” says Teoh.

“Millennials and Gen-Zs who are tech-savvy and forward thinking are perfectly positioned to benefit from Versa PRS. These young Malaysians have a unique advantage — time. Starting to save and invest early ensures that they can benefit from the power of compounding interest, which can significantly snowball their retirement funds,” he adds.

Teoh says the RM1 million achievement by Versa PRS offerings so far serves as a resounding validation of the trust and confidence its users and partners place in the firm.