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Investment Versa

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SUSCorollaAltis
post Dec 23 2021, 11:30 PM

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Joined: Dec 2021
QUOTE(cybpsych @ Dec 23 2021, 10:31 AM)
interesting

lately for the past few months, Versa's withdrawal amount is slightly lesser than my input amount.

kinda tricky/annoying if you intend to withdraw some specific amount, eg. RM10,000. but Versa's final amount is about RM9,989 (example)
many months back, their withdrawal amount is usually slightly higher. at least you'd know you get the amount (min) you actually wanted to withdraw.

eg you withdraw RM10,000, but Versa's amount would be RM10,005.00 (example)
p/s: yes, i do understand they convert from units -> RM.
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You have to check the NAV PRICE before every deposit or withdrawal
Versa is fking stupid because never show the nav in their apps until your transaction has been done
Basically you must not withdraw a day before they payout. What will happen is say you withdraw 1000 ringgit at 1.1722 around 853 units which is what the apps tell you today
These sorhais next day process your withdrawal become 1.1712 because of the payout hence drop in nav
SUSCorollaAltis
post Dec 31 2021, 01:48 PM

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Joined: Dec 2021
QUOTE(dummies @ Dec 31 2021, 12:21 PM)
is it correct to say that if we want to do withdrawal, we must do it AFTER the payout day and not before the payout day?

what is versa payout day? Mid of every month and/or end of the month?
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You have to time the withdrawal
Go affin hwang website and check the historical nav for this enhanced deposit fund then you will understand

 

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