BASIC Strategy: SAFE & SIMPLE
Previously I asked fellow MooMooers what level of trading are you interested in. And the results are Majority 65% are looking at Basic Level. (Link to previous polls attached at the end of this post)
I started with the same mindset and most would agree for SAFE & SIMPLE. At the start, we are looking towards SAFE levels of investment to beat peanuts 🥜 interests from our 🏦 savings account. We are adverse to any dip in our principle going for 100% safe capital protection, higher interest than 🏦, No or Shorter Lock-in periods. SIMPLE steps towards our initial investment. As we dont have the knowlege or time to micro manage or deal with Fix Deposits management, T-Bills application etc.
My solution for SAFE & SIMPLE at the start was Cash Plus. I didn’t get any highly recommended funds offering high interests as those funds has fluctuations in returns and some days positive, some days negative. It didn’t agree with my SAFE goal 🥅.
I’ll be sharing my personal journey, referencing to some of my interests gained and how it will benefit you with examples of how it works when I say only positive returns with no loss of capitial. you want to gain from my SAFE & SIMPLE start of my investment journey.
Below is a snapshot of 1month of my $Fullerton SGD Cash Fund (SG9999005961.MF)$ take note of the dates when interest are posted and that they are all Green, all positive returns. Once I deposited, I only see positive green numbers and interests are almost daily as compared to monthly from my bank 🏦. It conforms to my SAFE and SIMPLE strategy and for me its very motivating to see my investment grow daily however small especially when I get a notification from MooMoo app that returns have been posted. ![]()
Over a Short 950days since joining MooMoo. I’ve gained more than SGD1700+ which is something I won’t get especially when my 🏦 Savings Account gave peanuts 🥜 and my Current Account gave 0% interest ![]()
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$CSOP USD Money Market Fund (SGXZ96797238.MF)$ I don’t keep much USD as i prefer to invest my USD in stocks. I’ve placed some premiums from selling PUTs here to generate interests. Wanted to show its all positive as well. Gaining USD35 in a month when previously I wasn’t even earning a single cent from US. ![]()
My present portfolio:
Now 950+ days of my investment journey. I’m happy to say 2024 is working out well as I’ve gain more knowledge and experience. I’ve gotten more comfortable with my strategies. Made shifts (Level up 🆙) from initial weightage of 100% Cash Plus ➡️ 20/80 between Stocks/Cash Plus ⏩ 50/50 Stocks&Options/Cash Plus. ![]()
Good gradual gains at YTD Return 64%.![]()
Oct Return making good positive progress![]()
Securities Position P/L showing good results. ![]()
plans to Take Profit at EOY to review my positions again. ![]()
Option strategies mostly on $Tesla (TSLA.US)$, $Apple (AAPL.US)$ & $Alphabet-C (GOOG.US)$ . Held stocks on $NVIDIA (NVDA.US)$ as I’m comfortable with their fundamentals and projected growth. Bullish all the way. ![]()
Disclaimer: Investment especially options involves risks and the potential to lose principal. It is not suitable for everyone, and users will have to make their own individual investments decisions. ![]()
Added onto my Casual Investor Channel. ![]()
From YouTube
Content was made due to your polls results. ![]()
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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2024H1 Moomoo Alchemist
Investing casually and learning as I go.
My journey to double my 💰at the min.
While sharing journey w kindred souls.
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Bear Bear Craig : Good sharing! Like it safe and sound especially during turbulence market
pootpoot : idol forever
CasualInvestor OP pootpoot :
David Lee cm : I will also recommend singapore savings bond if you don't mind slightly lower return, but safer than money market fund. It takes at most 1 month for redemption to go through and need to pay $4 in total for subscription and redemption.
Davidzed : U didnt mention the capital needed to get even a single dollar back from cash plus
u need at least 10k + to even get a single dollar on return. Newbies also need to know this fact before even considerin this
010101010 : Yes. Must also beware of institutions offering both capital + interest protection but suddenly close down after some time.