New to Cash Funds
hi all, am new to Cash Funds. hoping to get some insights from the rest of you experienced professionals.
i have a $30 cash fund coupon and a 10% cash fund coupon. Which should i use first for highest profit if im intending to try out $20k for a start in subscribing fullerton cash funds?
Also, are the full amount of cash funds able to be liquidized/redeemed within 2-3 working days to buy stocks? or must we wait for the funding to ‘end’ on each indicated date of the month?
thank you in advance
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hhhhgggg : refer this article will help https://www.moomoo.com/hans/community/feed/108847657451526
Dadacai : You can only redeem on days when the NAV is calculated so not on weekends. The cash takes T+2 working days (not including weekends) to settle if you redeem before 12pm. I’ve not tried to redeem and use the funds to trade stocks immediately so not sure how smooth the process is. I think better to plan in advance.
Dadacai : Check the threshold amount. S$30 is really that amount while the percentage indicated is annualised yield that has to be pro-rated for the number of days specified (e.g. a 3-day coupon means multiply the yield by 3/365).
MDiscus : For the coupon, depends on what is stated on it, such as maximum investment amount applicable and for how many days: for example : Invested amount × 10% / 365 days x number of days
Risk-Taker OP MDiscus : Thats for the formula, helps alot