Does SmartSave make investing easier for u?
Well, it will everyday at specific timing auto invest ur idling ![]()
in the account to the MMF fund. Generally, MMF is considered quite safe (I give it about 90% ![]()
![]()
). However, there is no 100% ![]()
.
Actually, I did not activate the SmartSave as I'm not sure if I should ![]()
. Generally, it should bring more benefits than harms if u set all the setting preferences correctly. If u are not someone that play on high margin (only invest on what u can affort) & lazy to do regular investing plannings, I think it may suit u ![]()
. It may not be suitable to those traders that uses high margins ![]()
. I'm still learning on margin trading & not sure if I'll touch on it. So, I'm NOT going to activate SmartSave for now. It's quite complicated...![]()
I still preferred to control my funds by myself (No time delay, eg. redeeming or stuff like that)
Had mentioned before in my this post :
Milk The Cow :Happy Moomoo 10th Anniversary 🥳 Join the Mootaverse? Hello World? 👋🤨=🫂 or 🤬⚔️=💀...
Milk The Cow :Happy Moomoo 10th Anniversary 🥳 Join the Mootaverse? Hello World? 👋🤨=🫂 or 🤬⚔️=💀...
(Since it's this event tasks that made me realised SmartSave ![]()
)
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TLim77 : Not sure what's the impact on coupon that is active at the moment. I have not enabled it.
Milk The CowOP TLim77: I think coupon for funds should be auto activate on date of start.
, not sure if they have taken into consideration of buying with MMF funds, but I think it should work as per normal 
, if nothing go wrong.
For stock coupon
Milk The CowOP TLim77: The fund coupon... hmm...
I guess it will not be used if u did not select it manually.
So, auto invest in MMF may not use up ur coupon.
TLim77 Milk The CowOP: My concern is more on the auto redemption function which could affect the coupon that is still running.
Milk The CowOP TLim77: Oh, it will just reduce the amount u used.
.
So, if ur MMF still has the same amount of the principle u subscribed with the coupon, it won't be affected. Except it drop beyond ur subscribed principle amount
Milk The CowOP TLim77: They will then calculate according to the day of ur new principle.
Milk The CowOP : I guess this is the downside of SmartSave to those who play margin
:
AdrianCFL :Smart Save IS NOT SMART AT ALL
Smart Save IS NOT SMART AT ALL
I was also answered that SmartSave should not close ur direct shorting postion "generally"...
Milk The CowOP : In the end, I decided to activate SmartSave because I got lured in with this event promo of 1500 moomoo points (Dam the temptation
= had thought about it for many days since the promo)...
, welp whatever...
.
to my new world 
. But not now 
as I think I'm still lack of knowledges.
.
Not sure if there is any trap
As mentioned, I still think that SmartSave may not be suitable to margin traders
I'm not a margin users currently so, it does not really affect much. May plan to explore more on it in the future & may even open a new door
Yup, let see if I can get my 1500points in 3 days of activation
Milk The CowOP Milk The CowOP: 1.5k point seem not alot... if they give 10k point as rewards, I won't even need think that hard = instantly accepted & activate
.
, check check more carefully better 
.
But 1.5k
Here are the T&C:
https://w5.futunn.com/static-page?id=121&clientver=12.41.8718&main_broker=WzEwMDhd&uid=101642595&url=202010955&clienttype=53&user_main_broker=WzNd&language=us&clientlang=2&jump_target=1008