Depict wrote a post · Jun 24, 2024 22:58

Have fun with Fund?

i would like to share my other selections other than the well known fullerton sgd cash fund which by default Moomoo selected for me to park my spare sgd…. see the screenshot so far its been like close to 2k worth of returns for me till date.

prior to moomoo; i lack experience in using cash funds as a mode of investment or growing my money. I used to think that cash funds are like a collection of stocks equally fluctuating and uncertain. But it was due to some cash coupon push factors that encourage me to look into this investment vehicle and moomoo platform made it easy to with clicks on app to show the holdings of each cash fund.

So with my very first try; last month I bought a conservative sgd fund lion global sg trust fund $LionGlobal Singapore Trust Fund (SG9999002406.MF)$ that holds our sg DBS & other blue chip companies stock. the first few days I saw loses in principal amount; but shortly after a week; i began to profit and ended up with profits when i redeem the cash fund. In this month, i decided to try a different fund which i will keep my fingers crossed and my selection criteria is even more conservative than the first try. i selected a fund which invests a lot in MAS T bills instead. let me see how it pans out and will keep this as a diary entry to record my learning journey of having fun with funds.