CashPlus features 💰
Personally, I have a positive outlook on Cash Plus, SmartSave, and RSP. I find them to be effective tools for saving and investing. When comparing them to dividend stocks, it's true that Cash Plus offers a lower risk of capital loss. It's a smart strategy to aim for higher yields with lower risk than savings accounts, Cash Plus typically yields 3-5%. $Fullerton SGD Cash Fund(SG9999005961.MF$ $CSOP USD Money Market Fund(SGXZ96797238.MF$ While Cash Plus funds generally offer lower returns than stocks, they have not experienced any negative returns thus far, making them a good option for parking our money while waiting for the right time to purchase stocks.
In the long run, Cash Plus offers investors relatively high returns and flexibility in terms of liquidity, which can be beneficial for investment strategies. The T+0 day redemption feature of funds allows me to promptly take advantage of investment opportunities, especially when trading options or purchasing stocks on short notice.
The SmartSave feature is helpful for automating the subscription into Cash Plus, and RSP helps me maintain a disciplined approach to regularly saving and building my investment portfolio. I have tried both SmartSave and RSP features and found RSP to be more convenient for my needs. It allows for automated regular intervals of subscription into Cash Plus without the hassle of manual deposits, saving time through automation. The benefits of both features include disciplined investing, dollar-cost averaging, and the potential for long-term growth. These features offer convenience and automation at regular intervals of subscription into Cash Plus, aligning well with my asset allocation strategy.
If you find it hard to keep track of your fund with SmartSave, it's okay to suspend it. It's important to have a system that works for you and helps you stay organized.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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