Just started my fund investment journey
Fund Investment Strategy for 2023
In 2023, my primary focus was on Money Market Funds (MMFs). Given my recent entry into investing, I established equity positions before entering MMF funds.
In 2023, my primary focus was on Money Market Funds (MMFs). Given my recent entry into investing, I established equity positions before entering MMF funds.
Fund Investment Performance:
The fund performed as expected since it's a cash fund, providing predictable and stable returns. The advantageous factor is its near-risk-free nature, and utilizing coupons on Moomoo further enhanced the returns.
Outlook on Fund Investment for 2024:
For the first half of 2024, I plan to allocate part of my funds to the Fullerton SGD Cash Fund and possibly the United SGD Fund. Currently, I intend to maintain my portfolio but will adapt to changes in interest rates or other macroeconomic shifts.
High Expectations for 2024:
Considering the recent weakness in the magnificent seven stocks, I am contemplating entering the Fidelity Global Technology Fund. Analysts predict a sustained AI trend for the next five years, making the technology sector a potential outperformer unless there is a significant shift in this trend.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Dappyyy : what made you start investing into the funds?
小traderOP Dappyyy: Good question actually, I had some coupons given by Moomoo so I wanted to make use of them. In the end I used it just before it expires
小traderOP Dappyyy: For now, it is generating a good amount of money for me HAHAAHAA
Dappyyy : So any recommendations for 2024? Which funds in particular?