Mars Mooo wrote a post · Apr 20 09:15

OMG! 1 million Singapore Mooers on the MooMoo Platform!

This is my first expression when I learn that $Futu Holdings Ltd(FUTU.US)$ MooMoo has reached 1 million users in Singapore.

#GIFsFromTenorDotCom

And then, this is my next expression, as I feel happy for FUTU MooMoo for reaching that milestone. The journey was not easy. But, it was definitely exciting for both FUTU MooMoo, as well as Mooers.

#GIFsFromTenorDotCom

Looking at the past, I was attracted by MooMoo, not just because of the attractive gifts that it provides to new Mooers, but also because of the low cost that attracted me.

Back then, there were no minimum fees, and both the commission and platform fees were lower than those of other brokerage companies.

Time flies, and today, MooMoo comes out with new innovative services while at the same time keeping fees and costs as low as possible so that Mooers can bring home more food during this period of high living costs.

As for the new innovative services provided over these few years, please allow me to summarize them as follows:.

Fractional Shares
Mooers can now use USD 5 to buy fractional shares of their favorite stocks, such as the Magnificent Seven ( $NVIDIA(NVDA.US)$ , $Meta Platforms(META.US)$ , $Amazon(AMZN.US)$ , $Netflix(NFLX.US)$ , $Alphabet-C(GOOG.US)$ , $Microsoft(MSFT.US)$ , $Apple(AAPL.US)$ , $Tesla(TSLA.US)$ ) or the U.S. Fantastic 4 ( NVDA, META, AMZN, MSFT ), which has a YTD of 27.71% , as of 19 Apr 2024. Mooers can also buy fractional shares of ETFs that cover certain U.S. sectors, as described in my post here: https://www.moomoo.com/community/feed/111119866920966

RSP
Previously, Mooers could only RSP (Regular Savings Plan) to mutual funds and unit trust. As one of the wishes (https://www.moomoo.com/community/feed/111644366929926) was to allow RSP for stocks, MooMoo listened , and now Mooers can RSP a minimum of USD 10 to buy their favorite stocks & ETFs such as $Invesco QQQ Trust(QQQ.US)$ , $SPDR S&P 500 ETF(SPY.US)$ , $Advanced Micro Devices(AMD.US)$ and $iShares 20+ Year Treasury Bond ETF(TLT.US)$ .

Warrants
Besides fractional shares and RSP, Mooers in Singapore can even trade warrants. Similar to options, warrants give Mooers the right but not the obligation to purchase stocks from the issuer at a specific price within a specific time frame. Some examples of warrants include $BYD MB ePW241203(OXCW.SG)$ , $TencentMBePW241104(WNNW.SG)$ , and $Wilmar MB eCW241002(1XZW.SG)$ , which their underlying assets are $BYD COMPANY(01211.HK)$ , $TENCENT(00700.HK)$ , and $Wilmar Intl(F34.SG)$ respectively.

DLC
Daily Leverage Certificates, also known as DLC, are often used by Mooers, as it enable Mooers to take leveraged exposure to underlying assets such as equity indexes or single stocks. Some examples of DLC include $CapInv 5xLongSG260716(DPNW.SG)$ , $SATS 5xLongSG260716(DQXW.SG)$ , and $CityDev 5xLongSG241218(DYEW.SG)$ , which their underlying assets are $CapitaLandInvest(9CI.SG)$ , $SATS(S58.SG)$ and $CityDev(C09.SG)$ respectively.

Japanese Stock Market
Wow , this is the new feature started on 18 April 2024. Mooers in Singapore can now trade Japanese stocks. Mooers can also access my post (https://www.moomoo.com/community/feed/112302382645254) to find the reasons for trading Japanese stocks, such as those inside the Warren Buffett Berkshire Hathaway portfolio: $ITOCHU(8001.JP)$ , $Marubeni(8002.JP)$ , $Mitsui(8031.JP)$ , $Sumitomo(8053.JP)$ , $Mitsubishi(8058.JP)$ .

Fullerton SGD Liquidity Fund
Besides the Fullerton SGD Cash Fund ( $Fullerton SGD Cash Fund(SG9999005961.MF)$ ) and CSOP USD Money Market Fund ( $CSOP USD Money Market Fund(SGXZ96797238.MF)$ ), MooMoo collaborates with Fullerton Fund Management to launch Singapore's first retail SGD cash fund, $Fullerton Fund - Fullerton SGD Liquidity Fund(SGXZ40088619.MF)$ , which comes with enhanced intra-day liquidity and features same-day SGD withdrawals. This gives Mooers reassurance with regards to the accessibility of their capital.

In 2024, I look forward to MooMoo reaching 2 million users and hope to see more ETFs (e.g. UCITS ETFs such as CSPX), mutual funds (e.g. Amundi Prime USA Fund) and Cryptocurrencies (e.g. $Bitcoin(BTC.CC)$ , $Ethereum(ETH.CC)$ , $Dogecoin(DOGE.CC)$ ) available on the MooMoo platform.

Hmm... I wonder what new services and features Mooers would like to see in 2024.

Lastly, I would like to thank all my MooMoo supporters for the awesome likes, shares, and comments given. It is because of your continuous support that MooMoo and I can grow and become better. A big thank you to all of you.

Also, with the help of these features and services, Mooers can win more trades and be able to go to Exmoor National Park, UK, to enjoy breath-taking views of the solar system or catch sight of the charming Exmoor ponies. More information can be found here.
https://www.exmoor-nationalpark.gov.uk/exmoor-for-everyone/whats-special-about-exmoor

https://www.exmoor-nationalpark.gov.uk/exmoor-for-everyone/things-to-do/events/events-folder/Moorland-Mousie-Exmoor-Pony-Exhibition

Exmoor National Park, UK

We have come to the end of today's topic. Remember to show your support by follow, like, share and comment on this post and as always, don't forget to DYODD (Do your own due diligence) when making any kind of investment.

Thank you and adios!

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