Lower the investment amount to a dollar or two for fractional shares
Currently, Mooers need to invest at least $5 when investing in fractional shares on the $Futu Holdings Ltd(FUTU.US$ MooMoo platform.
Thus, aside from the precise NAV price (*1), using money from 401(k), CPF, and SRS (*2), allowing RSP for stocks and ETFs (*3), using the MooMoo Cash Plus fund as a source of payment (*4), lowering the RSP investment amount (*5), FUTU may consider lowering the amount for fractional shares so that Mooers who use a conservative investment strategy can invest in non-low-risk financial instruments such as mutual funds (e.g. $Allianz Income and Growth MDis(LU0943347566.MF$ , $Amundi Funds Pioneer US Bond Fund MDis(LU1883850015.MF$ , $AB Low Volatility Equity Portfolio MDis(LU0965508806.MF$ ), stocks (e.g. $Rivian Automotive(RIVN.US$ , $Coinbase(COIN.US$ , $Airbnb(ABNB.US$ , $UOB(U11.SG$ ), ETFs (e.g. $Direxion Shares Etf Trust Nasdaq-100 Equal Weighted Index Shares(QQQE.US$ , $WisdomTree Japan Hedged Equity ETF(DXJ.US$ , $Global X Funds Global X Msci Argentina Etf(ARGT.US$ , $iShares MSCI Eurozone ETF(EZU.US$ ) and Cryptocurrency (e.g. $Stellar(XLM.CC$ , $Uniswap(UNI.CC$ , $Polkadot(DOT.CC$ , $VeChain(VET.CC$ )
*1: Precise NAV price instead of the 4 decimal place value for Fullerton SGD Cash Fund Class A
https://www.moomoo.com/community/feed/111634133614598
*2: Allow the use of funds from 401(k), CPF and SRS to buy stocks, ETFs and funds
https://www.moomoo.com/community/feed/111641331236870
https://www.moomoo.com/community/feed/111641331236870
*4: Using the funds in MooMoo Cash Plus when setting up RSPs with other mutual funds, stocks, ETFs and Cryptocurrency.
https://www.moomoo.com/community/feed/111644936306694
https://www.moomoo.com/community/feed/111644936306694
*5: Lower the investment amount to a dollar or two for RSP
https://www.moomoo.com/community/feed/111672421122054
https://www.moomoo.com/community/feed/111672421122054
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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mr_cashcow : supports 1USD fractional share
La Diabla ChuChu mr_cashcow: Do they have any videos on how to do that?