Earn SG Moolah while Waiting!
Hey Mooers, ![]()
On today's topic, we will be discussing on how to earn more SG Moolah with your idle SGD cash.
For this, we will focus on one particular money market fund: $Fullerton SGD Cash Fund(SG9999005961.MF$ ![]()
Here, I have extracted the 'Historical Return' data for the Fullerton SGD Cash Fund.
Notice that this fund returns 0.05% for the past 1 week, which is about 2.60% p.a., which is far better than those bank deposit accounts that only offer 0.05% p.a. for saving deposits! ![]()
This fund is useful because we can park our idle SGD into the fund while waiting for suitable opportunities in the market to buy our favourite stocks.
For example, I can subscribe to this fund while waiting to buy Singapore stocks (such as real estate services: $APAC Realty(CLN.SG$ and $PropNex(OYY.SG$ ) ![]()
One of the special features of this fund that I like the most is the instant buying power, which allow me to buy stocks and funds immediately, after the redemption is done. ![]()
Besides the instant buying power, this fund offer ZERO Subscription fee and ZERO Redemption fee. Mooers can also click here to find more information about the fund too.
Last but not least, MooMoo is giving SGD 2 cashback during this period (1st Aug 2022 to 31 Aug 2022) when you subscribe SGD 100 to Cash Plus. ![]()
This is shared in the following video by Gavin Chia, Managing Director of MooMoo Financial Singapore, together with lead host, Olivia Higgins, who is also one of the top 10 Miss Singapore 2022 finalists. Congrats! ![]()
So, have you collected your cup of kopi?
Thank you for your likes and support! ![]()
Tip: Subscribe to CSOP USD Money Market Fund while waiting for the right opportunities to buy our favourite US stocks.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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NANA123 : How are you recently? My friend
Mars MoooOP NANA123:
Shuseido : Thanks for sharing.
May I know who is eligible for this $2 per for the next 30 days? Asking coz I don't see this promotion in my Moomoo platform.
Shuseido : I only see this.
Mars MoooOP Shuseido: Thank you for asking here.
I manage to take a screenshot, as follows.
Hope that is helpful to you.
Mars MoooOP Shuseido: Cool.
So, you going to invest over SGD 500 or invest over SGD 1500?
Shuseido Mars MoooOP: Ohh.. so I am an old user....
Thanks for sharing the screen shot..
Shuseido Mars MoooOP: Yet to decide.
Still researching the risks involved for this fund. Would you mind to share? Will we risk to lose the initial capital?
Mars MoooOP Shuseido:
Mars MoooOP Shuseido:
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