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Milk The Cow wrote a post · Apr 21, 2022 09:23

Cash Plus ➕? Show P/L?

1. Your reasons for subscribing to cash funds?
Sorry, I've not subscribe any cash funds... So... I've nothing to show. Even if I'd, I'm unlikely to show P/L .
Reasons = Milk The Cow :Which institution's position is in your portfolio? Mine?🤣
Well, I can show my practice trade though...
It's frustrating as my paper trading is much better due to a larger capital available for trading .
Well, can use a motivation to boost my confident level .


2. Investments insights, feedback, or plans?
Firstly, I don't have much knowledge of subscribing to Cash Plus, T&C...
(Heard that subscribing usually got maintenance fee/handling fees...something like that )
So, don't dare to try it out & I heard that the returns may not be as good as stocks trading . Well, it may be more stable than stocks trading though. Given in the current economy that is filled with uncertainty, it may be a wiser choice to invest in / subscribe to "Cash Plus".
However, still a nope to me . I'm willing to take on a greater risk on stocks trading with a higher returns .

Well, if there're no maintenance/handling fee, free & instant withdrawal permanent rule or        T&C, just like better than bank deposit interest rate... hmm..., H3LL YAR for my idling cash while I'm wait for the opportunities in the stock market .

Peace

Edited on 25/4/2022 SGT:
Cash Plus ➕? Show P/L?
Cash Plus ➕? Show P/L?
Cash Plus ➕? Show P/L?
I'm kinda curious..., will the % return go negative for per day?

Long-term I know is very likely positive. But how about per day?
Is it always fluctuate per day? Like negative & positive?
If it does not drop below the principle & no maintenance fee+handling fee, I was thinking..., why not subscribe?
Furthermore, u can withdraw instantly, not sure if got any fee charges though (is "no margin interest"=no need pay fees for instant withdrawal?)
By the way, can I specific how much cash I want to withdraw, just like bank?
$Fullerton SGD Cash Fund (SG9999005961.MF)$


Extra informations:

After doing more research & since we are allowed to "WITHDRAW INSTANTLY FROM FUNDS":
Cash Plus ➕? Show P/L?
Cash Plus ➕? Show P/L?
Cash Plus ➕? Show P/L?
Cash Plus ➕? Show P/L?
Cash Plus ➕? Show P/L?
Cash Plus ➕? Show P/L?
Cash Plus ➕? Show P/L?
I decided... WHY NOT, since u can WITHDRAW INSTANTLY .
Of course the price may fluctuate in the short-term & the returns u get may become negative after minus  ➖ the maintenance fee.
But long-term is a gain likely (maybe slowly 🐌)
Worst come to worst, I'll just leave it for a long-term to get back some gains or whatever .
Just subscribed a small sum .
Yar, after taking 💩 about the amount of returns, I still decided to subscribe in the last minute as I see more benefits than cons during their promotion period.
Hey, not anything like top 10 betrayals +.
I did my research in the early morning last minute in the promotion period. I'm also on the edge of making a tough decision with limited time .
Also, I think it should be quite safe as it's under Temasek & approved by MAS for selling the fund .

Oh, by the way... u do not need to worry about handling the maintenance fees = it's all subtracted in the % of returns +. All auto, u do not need pay anything more (Well, maybe deduct from ur principle sum if the returns go negative .)

Well, maybe $STI ETF (ES3.SG)$ & $Nikko AM STI ETF (G3B.SG)$ has better returns. But given the war thingy, I think the cash plus is less volatile & maybe is likely to go up trend too + promotion benefits .

If ya in urgent need of to catch opportunities in the market, you either subscribe small sum or just forget about subscribing (a suggestion).

DYODD before investing


Edited on 26/4/2022:
After thinking for awhile, I think there's nothing to hide since the cost is likely similar for everyone out there + (Not like stocks. This is just some stable fund=low volatility. You won't get called an ape 🦧 by critics.). So, I'm doing a favor to show that I did subscribed in the end:
Cash Plus ➕? Show P/L?
Conclusion:
My reasons for subscribing to cash funds in the end?
1. WHY NOT? U can withdraw anytime but maybe need wait 1 day (T+1) after subscribing for first timer .
2. Ur cash is idling & u won't know how long u may idle it for .
3. Better interest than bank 🏦 & u can use it anytime to buy stock in moomoo app.
4. Moomoo give us so many promotions vouchers, WHY NOT?
5. Subscribing is free .
6. Less volatile than the current stock market (supposed to be) .
7. Stock opportunities do not come that fast = quite rare + need DYODD, unlike funds... leave it to the professional to handle if u are feeling lazy .
8. A possible recession = funds likely to be uptrend = maybe better % returns to ur surprise

Here, there u have it. As I expected... u can only withdraw after T+1 when it's recorded in the system , under "Redeem", I think 🤔.
Cash Plus ➕? Show P/L?
The fund will be updated into the system after T+1 & u can view it under ur FUTU Universal Account "Fund".

NOTE: This funds is in SGD 🇸🇬, not USD🇺🇸. US investors, it may not be suitable for u if u don't have idling SGD 🇸🇬 .

Hope this helped out those funds investor beginners, like me .

Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
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Milk The Cow
DYODD before investing 👌
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