Versa Invest Malaysia (Honest Review)
ฝัง
- เผยแพร่เมื่อ 27 มิ.ย. 2024
- In this video, we provide an in-depth review of Versa Invest and our personal thoughts on it.
versa.com.my/
Use code VERSATMF2 to get a bonus RM20 when you invest with Versa Invest.
VERSA INVEST vs STASHAWAY, WAHED, KDI and OTHERS
Unlike the other platforms, Versa doesn't use a robo advisors or AI. Instead they’re going with active fund managers.
How this works is that they’ve partnered with Affin Hwang Asset Management and came up with a fund that’s dedicated for Versa Invest which means there will be fund managers who actively manage what the funds invest in.
This seems to be contrary to popular financial advice out there harping on how we should just put into passive ETF’s because fund managers can’t outperform the market.
Personally, I do like active funds and have a few investments in my portfolio that are actively managed.
However, I wouldn’t really go all in or have a significant allocation of my portfolio in any single active fund manager as a diversifying strategy.
Since they’re actively managed, we need to put their investment strategy and holdings under the microscope.
VERSA INVEST HOLDINGS & STRATEGY
On top of having this being an active fund, they will also use a combination of passive and active funds to try and beat the market.
They have 3 portfolios to choose from being conservative, moderate and growth.
As usual, I went for the growth option so everything I talk about here will be in relation to that portfolio.
Going back to the active funds they choose to invest in, they claim to 6 of the top 10 global fund managers like Blackrock and Baillie Gifford.
Usually, investments in funds like these can have a relatively high initial deposit amount but Versa pools together investor funds to provide access
1 thing to take note off is that active funds usually do have a higher fee than passive ones, but that is factored into returns.
Like I always say, fees don’t really matter as long as the fund manages to outperform the market.
When I look into my Versa Growth portfolio holdings though, I’m slightly disappointed that 40% of my funds are currently in money market funds.
Also, the only actively managed equity fund I have is from Affin Hwang with a 6% allocation where the rest are in passive ETF’s.
After speaking to the team, they mentioned that they’ll start to add in more active funds as the AUM grows, so that’s definitely something to look out for in the future.
If this doesn’t come to fruition, then they would have lost a massive USP of this product.
In terms of the money market fund allocation, I guess I can’t really complain since markets are horrible right now and it must’ve been an active decision to go risk-off.
I would’ve lost more if more of that 40% was in equities anyway so I’m not complaining right now but it’s still something I’ll keep my eyes on as we go into a risk-on environment (hopefully soon).
In terms of ETF selection at the moment, they all seem to be pretty standard with nothing that’s out of the ordinary.
One thing that isn’t great from a user experience POV is that the funds and allocations seem to only be updated once a month. Since this is an active fund it’s slightly harder to update it in real time, but more frequent updates would be good moving forward.
Another cool thing that they do is that they actively hedge our positions to reduce forex volatility. Since all our investments are in USD, we do face the risk of reduced returns in MYR if our currency appreciates against the USD.
However, in recent years the USD has actually significantly outperformed the MYR which means that if we were to be hedged, we would’ve missed out on potential gains.
If you’re expecting to see the fruits of this, there unfortunately will not be a way for us to visualize to impacts of their hedging strategies.
One callout that I have to make here is that the fund has no cap to how much allocation can be given to Affin Hwang funds. This is a definite conflict on interest since the Versa Invest funds are managed by Affin Hwang.
I don’t like this approach at all, even if Affin Hwang funds end up doing good. This is because if they start to underperform, there will be a big question mark over their fund choices.
Since my portfolio currently only has 6% exposure to Affin Hwang funds I’m ok with it, but again its something I’ll be monitoring moving forward.
VERSA INVEST APP, FEES & OTHERS
Hey! Thanks for reading the description. We can't fit everything in here, so make sure to watch the whole video to find out more :)
⌚ Timecodes:
00:00 - Versa Invest Malaysia (Honest Review)
0:51 - Versa Invest vs other investing apps
2:18 - Versa Invest strategy and holdings
7:36 - Versa Invest app, fees, deposits, withdrawals, etc.
9:06 - Our thoughts on Versa Invest
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#TheMillennialFinance
Very humble and honest review, appreciate it. Definitely will invest in versa once I have make more research against it.
It's very easy depending on how good you are at understanding the market and price actions but if not I'd suggest you get assisted by a Market advisor who would at least interpret the market direction.
I know people always predicts a crash, but any information on how to make money during a stock market dip, I know I can buy in the dip and hold until recovery but I'm aware a good number of people make some reasonable amount during a dip/correction and I'd like to know how.
there are various ways to make money during a dip, but It'd require a lot of analysis and calculation, one wrong move and everything comes crashing down, a strategy I find more practical is administering the skill sets of a financial advisor, they seem to have an inside/in depth knowledge on future market movements and they know just how to navigate and make the most of it.
@@amyritchie4490 I know people use FA's, but IMO, I feel they're just a magnified bunch that don't really make any unorthodox changes whatsoever, I'm just saying.
@@jorjabertie3466 It's very understandable to have a misconception about something one isn't familiar with, but financial advisors do provide a sense of security that comes from their deep-rooted knowledge of how the market really works, they guide investors to stay locked in on their financial goal and also boost success rate, I've covered a lot of financial milestone in lesser time than I would have if I was doing it all on my own.>
@@charlestancred6181 In ballpark figures, what has your growth being like since you began using a financial advisor
What do you think is a decent maximum percentage of allocation to Affin Hwang that you would be comfortable with?
How do I find my Varsa referral code l just signed up but can find my referral code
Time for a revisit
Yep they’ve got some new portfolios too, will have a look through them 👀
Hey, I'm curious wether this versa invest has a lock in period ?
no lock in period.
Does Versa have limit how much I invest ? And is it save after 50 year ?
Nope no limit! 50 years is a long time haha, but generally I’d say yeah it’s as safe as it can get with SC regulation
Has millenial finance withdrew all investments from stashaway? KDI still ongoing right?
curious😁
Currently I’m also invest in versa invest but not sure what the returns in the long run..
Updates?
update?
Updates?
The return is not that enticing though..
Yep hasn’t been performing great 😅
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I’m watching your video with USD 4.75 or MYR 😂
Pain 😂
Even with the fluctuation in the economy, I’m so excited I’ve been earning $45,000 from my $10,000 investment every 10days.
Wow! How’s that possible please I’ll appreciate your assistance on how to go about it.
Same here I earn $13,000 a week. GOD bless Angela Cole Carr, she has been a blessing to my family.
Same here I earn $13,000 a week. GOD bless Angela Cole Carr, she has been a blessing to my family.
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This current dip is a huge opportunity to buy the dip and also higher volatility to yield more profit for day traders.
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How can i get in touch with him?
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