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Earn US Moolah while Waiting!

Dear Mooers,

Welcome back from my previous post 'Is it getting crazier out there?'!

On today's topic, we will be discussing on how to earn more US Moolah with your idle USD cash.

For this, we will focus on one particular money market fund: $CSOP USD Money Market Fund (SGXZ96797238.MF)$

Here, I have extracted the 'Historical Return' data for the CSOP USD Money Market Fund.
Earn US Moolah while Waiting!
Notice that this fund return 0.04% for the past 1 week, which is about 2.08% p.a.

This fund is useful because we can park our idle USD into the fund while waiting for suitable opportunities in the market to buy our favourite stocks.

For example, I can subscribe to this fund while waiting to buy BYND stock or BBBY stock, and redeem it before SGT 9:00 am for my US stocks purchase later from SGT 4:00 pm onwards.

Most importantly, this fund has a very low 0.01 SGD minimum subscription, and it does not have any subscription & redemption fee. The management fee of 0.3% p.a. is also waived for investors from 13 Jul 2022 to 31 Oct 2022. Take note that you do not need to fork out additional moolah to pay for the fees as the fees are paid by the fund itself.

Also, you can raise any questions about the fund by clicking here.

So, which feature of the Fund do you like the most? You may choose more than one.
Last but not least, we can also subscribe to the $Fullerton SGD Cash Fund (SG9999005961.MF)$ to get better yields than bank deposits for our idle SGD too.

Thank you for your likes and support!

Tip: Celebrate Singapore National Day (9 Aug 2022) and get a cup of kopi worth $2 everyday.

Next Reading: Earn more MooMoo Points!
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
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