Investment Versa
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 Mar 13 2024, 07:03 PM
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#1
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Junior Member
471 posts Joined: Jun 2006  
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QUOTE(KOEL @ Mar 13 2024, 06:52 PM) Hard to keep track of Versa interest...too complicated...;o)) I prefer RIZE and KDI. Right. Their cash account can't beat rize. Their investment account also, look at the expense ratio, so expensive. Not attractive at all. |
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Apr 9 2024, 08:40 PM
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#2
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Junior Member
471 posts Joined: Jun 2006
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QUOTE(Barricade @ Apr 9 2024, 08:38 PM) Yeah it’s quite risky. If fund price drop, then we will be making loss. And Versa invest funds need to pay 1.54% management and trustee fees. 4% risk free or 4.77% + extra risk + 1.54% pa management/trustee fees. 🤔 Looking at those jaw dropping management fees, I think it not worth it. |
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Apr 17 2024, 06:59 PM
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#3
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Junior Member
471 posts Joined: Jun 2006
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QUOTE(may88_98 @ Apr 16 2024, 05:24 PM) Hi, anyone having problem logging in to the app? I have same problem. Can't login.When I requested for password reset, they said 'unable to process the request' Very lousy company la. Luckily I put small amount of Money Only in versa. |
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Apr 24 2024, 02:24 PM
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#4
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Junior Member
471 posts Joined: Jun 2006
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QUOTE(Barricade @ Apr 24 2024, 02:20 PM) A lot of my friends and colleagues withdrawed all from Versa and park in FSM USD sweep now. Versa will sure see a big chunk of funds withdrawed in May. What is fsm usd sweep? Noob here. Please explain to me patiently. |
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May 2 2024, 08:25 PM
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#5
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Junior Member
471 posts Joined: Jun 2006
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QUOTE(ericlaiys @ May 2 2024, 08:08 PM) u forget to take note one thing, you lost a lot during forex conversion. (RM to USD). So 4.598% plus is not even worth, u already lost a lot during USD conversion. I checked this and you are r 100% correct. Their conversion fees is expensive. They make lots of money converting ringgit to USD, it's like doing currency exchange business already.then when want to withdraw, USD to rm. Forex conversion again. so u even lose double it is a trap to move to fsm |
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May 16 2024, 12:49 PM
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#6
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Junior Member
471 posts Joined: Jun 2006
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QUOTE(BladeRider @ May 16 2024, 10:30 AM) But still feel sad if seeing earning 20%+, suddenly dropped to negative the ability to remain calm and continue to invest when the market situation is bad. not everyone can accept this. |
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