What I did to “reserve” cash in Universal Account and not get stuck in Fullerton SGD Cash Fund.
What I did to “reserve” cash in Universal Account and not get stuck in Fullerton SGD Cash Fund.
I always get notice that at 8:30am Universal Account will buy cash fund and I can “reserve fund” not to buy (for example use “reserved fund” to buy another stock based on regular saving plan). I cannot find a “reserve fund” button. I later figured out have to use “REDEEM” in order to get the “reserve fund” 2 days later. I can now do currency exchange and buy the ETF I wanted.
Let me know if there is another easier way.
Redeem> Enter the “Redemption Amount” > ”Redeem button”
Step 1:
Step 2 (Read the redemption rules)
STEP 3: Cash becomes available
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Very busy! But never too late to learn to value invest like Buffet. Thanks to App platform.
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TLim77 : I tried before and the RSP failed with an insufficient fund error. I think may need to have funds under cash withdrawable too.
Watch and swing OP TLim77 : Yes. I tried. RSP will fail unless first there is sufficient amount in the “CASH” (invest).
TLim77 : I had funds under "Cash" but not "Cash Withdrawable". It still failed.
Watch and swing OP TLim77 : Noted and thank you.
TLim77 Watch and swing OP : No worries. I was also surprised when it failed since we can use the funds to buy immediately after redemption. Didn't work for RSP though.
Milk The Cow : Some of the links for more informations:
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
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![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
= u may make a lost due to currency impairment if u exchanged in the past ![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
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Milk The Cow :Does SmartSave make investing easier for u?
Does SmartSave make investing easier for u?
Not really sure myself since i never activate smartsave, but I think the "reserve" should be under the "management"? Just to enter the amount to be reserved.
Yar, currency is a pity... "they" are unable to do that in the active MMF for now.
The few choice is that maybe u can auto invest in the currency MMF u wanted/planning to buy that currency ETF... but the exchange rate may not be favourable to u during that time, just for the MMF
USD drop quite a lot now compared to the past few days
Milk The Cow Milk The Cow : "Reserve"
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
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Tap Funds > Cash Plus > Manage SmartSave.
Yar, the "reserve" should be available to only those funds that can be mobilised (can be withdraw). Redeem = T+2 is because they need time to do the procedures to sell ur MMF amount positions for the redeemed sum, I guess
That's why I never activate smartsave as it's can be quite complicated & troublesome if u never/forgotten to set all those settings to ur preferences as it always auto invest daily = still preferred to control my funds by myself (manually).
Mathew_lam : very helpful！
LH Chew : you may try in RSP to edit the frequency , from dairy to weekly or monthly then confirm the changes.
CrispyApplepie : Thank you so much for this, its really helpful indeed!