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Congrats to Moomoo hitting an AUM goal!

I joined Moomoo about half a year ago and while not as experienced as others, ive really enjoyed using Moomoo's services and features, just recently they added the options seller feature which i plan on making a post on now that I have free time.
But, as always the main thing i like about Moomoo is the community and learn functionalities/educational post engagements, they themselves have a motto that prioritizes the investor's journey, which I find to be well-executed in the context of their learning-centric platform.
Congrats to Moomoo hitting an AUM goal!
First we'll touch on the popular cash plus, its been rlly useful to gain an extra bit of interest while waiting for market oppurtunities, and just recently, as a way to lower cost basis of my short PUTs.
Congrats to Moomoo hitting an AUM goal!
Im on desktop so no cool looking P&L posts , but you get the idea, its interest simple and easy and adds into buying power for collateral.
Next, we'll look at the actual fund functionality for Moomoo's wealth services.
Personally, i no longer use the wealth tab since i already have established mutual funds that i use, but i feel like a larger variety of funds into other markets and countries would be helpful as theres only like 5 main asia funds, most of which seem to be income-related and not growth.
Congrats to Moomoo hitting an AUM goal!
Speaking of funds, while i enjoy that they do have fund of funds (managed fund portfolios) similar to Syfe or stashaway, they should give us annual performances, even if its backtested data, i find it hard myself to determine the performance of this fund if im not able to accurately guage even backtested data.
From estimated performance however (I looked into each of the fund's individual performance), i did see that it had similar performance to syfe's equity 100 managed portfolio, but i honestly cant tell for certain without more data.
I also do think having an SGD version of their fund of funds (the next gen thematic one) would be helpful.
Congrats to Moomoo hitting an AUM goal!
Finally, ive had some good gains and good losses with my trades through Moomoo, the largest hinderance would be a personal skill issue, but i do also acknowledge that options fees are quite high even with the commission free - coupon, due to both the GST acting on settlement fees and the fact that legged orders dont work w the commission free coupon.
Congrats to Moomoo hitting an AUM goal!
Regardless, my investments have done significantly better on Moomoo ever since i switched.
Just recently hitting it's highest due to the AI boom. (Ive dcaed so the % gain is smaller.)
Congrats to Moomoo hitting an AUM goal!
(Once again no fancy P&L posts)
Also ik moomoo has a private wealth management services too, if i ever become an Accredited Investor, ill probs go for them as my private wealth management service. (Not DBS, cuz i have a grudge ever since they stole 1% off my mutual funds)
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
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