How did RSP and SmartSave impact your investment outcomes with Cash Plus?
The Federal Reserve's interest rate hikes have resulted in a surge in the yield rates of money market funds (MMF) this year, making them an increasingly popular investment choice among mooers. As of 31 August, the interest yield for US MMFs had risen sharply to 5.08%, demonstrating a remarkable 300% growth from a year and a half ago.
Cash Plus
Many mooers have shown their preference for Cash Plus since it offers a relatively reliable and flexible option to earn stable returns with idle cash. As of 6 September, $Fullerton SGD Cash Fund(SG9999005961.MF$ 7-day yields peaked at 4.1%, while $CSOP USD Money Market Fund(SGXZ96797238.MF$ surged to 5.3%, making them both a popular choice among mooers.
Many mooers choose Cash Plus because of its reasonable returns:
Since the start of 2023, I have earned more than $800 with $Fullerton SGD Cash Fund(SG9999005961.MF$. My journey with moomoo began last year Sep, which I ended the year with about $1000 in December as my cashplus earnings. To date, I have almost $2700 in $Fullerton SGD Cash Fund(SG9999005961.MF$ and $90 in $CSOP USD Money Market Fund(SGXZ96797238.MF$. View more>>
In addition, some mooers prefer it because of its lower fees and high liquidity:
The risk of losing the capital is quite low as the assets are mainly SGD bank deposits with a maturity date of less than 1 year and MAS bills. The return is close to T-bills. Meanwhile, This fund has low fees compared to other similar funds. Moreover, it is flexible. One can redeem the funds anytime (T+2 working days to withdraw) and moomoo allows the money to be used immediately to trade stocks in the Singapore market. View more>>
A growing number of mooers are combining Regular Savings Plan (RSP), SmartSave, and Cash Plus to manage their idle cash. They believe that the integration of RSP, SmartSave, and Cash Plus can allow them to earn higher returns while efficiently enhancing the flexibility of their asset allocation strategy.
SmartSave
SmartSave is a popular feature that enables automatic subscription of Cash Plus funds using idle cash in your account every working day, boosting your buying power for trading stocks, subscribing to IPO shares, and purchasing funds. Many mooers choose SmartSave for its high liquidity, reliable returns on idle cash, and cost-effective solutions for managing their finances.
SmartSave allows us to deposit and withdraw idle funds anytime and anywhere, allowing our cash to earn more money while lying idle. With the SmartSave feature, buying and redeeming currency funds are commission-free and have no management fees, and it offers convenience and provides returns that far exceed those of savings accounts. View more>>
RSP
A regular savings plan (RSP) is an investment program that allows investors to contribute money to an investment account at regular intervals. Many mooers choose RSP because it encourages commitment and allows them to build their savings over time.
Firstly, it provides a stable fixed income. Additionally, the interest rates are higher than those offered by traditional banks. Investors can also receive promo vouchers as a bonus. With RSP, it's not necessary to deposit 100% of savings in a bank account. Plans can start with as low as $100 per month, which encourages commitment to saving and earning from savings while sleeping. While not a major factor, investing in RSP is generally considered safer than buying stocks. View more>>
We have prepared some special rewards for mooers who wanna get to know more about RSP! Tap here to know more>>
How did RSP and SmartSave impact your investment outcomes with Cash Plus?
1. What's your outlook on Cash Plus funds? Are you planning to adjust your position in Cash Plus based on these expectations?
2. Have you activated the SmartSave or RSP feature when using Cash Plus? What benefits did they bring to your investment journey, and which feature aligns better with your asset allocation strategy?
11 Sep – 25 Sep
500 points: for mooers who share Cash Plus positions
S$18.8 Fund Cash Coupon: for writers of the top 5 influential posts of over 50 words
*Notes:
The selection is based on the posts' quality, originality, creativity, and influence.
Posts that are not original or relevant will be excluded.
The last two rewards are not mutually exclusive.
All rewards will be distributed to your universal account within 15–30 working days after the winners announcement.
This presentation is for information and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. See this link for more information.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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mr_cashcow : How RSP helped me save time=money
for those interested in trying out RSP & SmartSave
TLDR: Outlook on cash plus is +, going forward I plan to ↑↑↑↑ my position in $Fullerton SGD Cash Fund (SG9999005961.MF)$ as it have proven to be effective in doing smart automation of funds deposit/subscription which have helped me save precious time and time=money
Bonus warm tips
As per usual all the above are my personal experiences about using cash plus & are NOT financial advises, plz DYOR/DD
Gong Xi Fuck Cai ❤ : My outlook on cash plus, smartsave and RSP is positive. I haven't activate any of those but see others had earn positive savings i think is a good investment too. Maybe i will also activate later as part of my addition savings plan.
Dadacai : My outlook on $Fullerton SGD Cash Fund (SG9999005961.MF)$ is still positive in the short term although everyone is expecting the Feds to stop raising interest rates next year. Investing in dividend stocks pales in comparison to Cash Plus currently as there is the risk of loss of capital. I have tried SmartSave before but I find it hard to keep track of my fund movements. I prefer to keep it suspended. @93339888@snoopy123@小虎发大财@High Profit Low Loss@Benji_123@mtaych
102362254 : Cash Plus funds' outlook varies based on economic conditions, interest rates, and investment strategy. I aim for higher yields with lower risk than savings accounts. But it typically offer lower returns than stocks which I’m fine with it. To adjust my positions on cash plus, I have to gauge the outlook, analyze the economy, interest rates, and fund performance in order to decide.
102303653 : first timer on moomoo rewards and welcome bonus attractive. keen to learn more about it.and try
102303653 : moomoo agent very friendly and knowledgeable in sharing trading tips for 1st timer who wants to learn more about trading and moomoo. able to understand well portfolio and read the charts. easy to navigate and understand. app easy to use and follow instructions.
6huang : 1. Bullish on Cash Plus! Depositing portion of salary every month into it.
2. I have not activated SmartSace or RSP feature. Will read more into it! Currently still on promo!
snoopy123 : As the Fed continue with their "Higher for Longer" narrative, Cash Plus Funds will likely continue to yield 3-5% returns somewhat "risk-free" until they "pivot", and so these offers a good place to park your excess funds or even "emergency cash".
SmartSave helps to __automate_the_subscription__ of any spare cash into Cash Plus, whereas RSP helps those who are busy to adopt a disciplined approach to __regularly_"save"__ our monies to build our investment "pot".
However, the feature I like best (which some may beg to differ) and use most often, is the convenience SmartSave brings by helping to __"auto-redeem"__ from CashPlus to fund my stock purchases, so I don't have to keep track and do it manually.
aMaT_tHe_TrAdEr : Rather than saving in the local banks
I park my money and cash in the $Fullerton SGD Cash Fund (SG9999005961.MF)$ .
Redemption is seamless. I dont have to worry about the Stock Market Up or Down .
While waiting for my Favourite $Invesco QQQ Trust (QQQ.US)$ index to pullback .
My cash is earning interest in the $Fullerton SGD Cash Fund (SG9999005961.MF)$ .
ZnWC : My outlook on Cash Plus is positive as the investment gives investors a choice with relatively high returns and flexibility in term of liquidity. I will continue to invest a substantial amount into Cash Plus fund which is one form of passive income. Like all mutual fund, investing in Cash Plus has risk although it's relatively low and so far the return has been positive daily. For investing in $CSOP USD Money Market Fund (SGXZ96797238.MF)$ , you also need to factor in the SGD - USD exchange rate volatility risk.
I've activated Smartsave and used RSP also known as Regular Saving Plan.
Smartsave has pros and cons. The pro is it automatically invest all your withdrawable cash into cash fund. As cash fund such as $Fullerton SGD Cash Fund (SG9999005961.MF)$ and $CSOP USD Money Market Fund (SGXZ96797238.MF)$ redemption is T+0 day, you can re-invest immediately after redeemed. The liquidity allows me to trade options when opportunity arises usually in short notice. The con is cash withdrawal is T+2 days after redeemed; you need to wait 2 business days to exchange to other currency like USD for investment. As auto-redeem (or auto-subscribe) are not clearly showed, I have no ideas how much cash is available for trading options or buying stock and this made me worried.
RSP is a wonderful feature for investors who like DCA (dollar cost averaging). It will remove the emotional trading of greed (FOMO over bought) and fear (panic sold).
Last, Moomoo occasionally introduces some rewards in using RSP for existing users in terms of points and cash fund coupon. This is also a kind of special bonus.
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