Buy bursa stocks using United MMF?
$United Money Market Fund-Class R (MYU9100AN000.MF)$ Hi, I notice I cannot buy bursa stocks directly from this MMF. Can someone confirm this is not a cash plus patking facility and I will have redeem manually before buying a stock?
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104317675 : Yes, technically you already used your cash to subscribe for the fund. So you will need to cash out before buying a stock.
104357515 : yup, have to redeem 1st, your fund was locked by MMF, so have to let it go back to your universal account in order to buy stocks.
sound too good to be true that we can use same source of fund to invest 2 different places and earn double income
Moomoo Buddy : Hi, It is cannot directly to use the MMF funds to trade MY stock. You need to redeem the funds first, then you are just allow to trade MY Stocks. Thank you.
N22 is bull moo… OP : thank you all for your reply.
1994zaim : I join
105067636 : unable to locate places in moomoo to redeem cashplus