Moo_Rich wrote a post · Sep 11, 2023 10:49

How did RSP and SmartSave impact your investment outcomes with Cash Plus?

The Federal Reserve's interest rate hikes have resulted in a surge in the yield rates of money market funds (MMF) this year, making them an increasingly popular investment choice among mooers. As of 31 August, the interest yield for US MMFs had risen sharply to 5.08%, demonstrating a remarkable 300% growth from a year and a half ago.

Cash Plus

Many mooers have shown their preference for Cash Plus since it offers a relatively reliable and flexible option to earn stable returns with idle cash. As of 6 September, $Fullerton SGD Cash Fund (SG9999005961.MF)$ 7-day yields peaked at 4.1%, while $CSOP USD Money Market Fund (SGXZ96797238.MF)$ surged to 5.3%, making them both a popular choice among mooers.

Many mooers choose Cash Plus because of its reasonable returns:

@sociable Dingo_8604:

Since the start of 2023, I have earned more than $800 with $Fullerton SGD Cash Fund (SG9999005961.MF)$. My journey with moomoo began last year Sep, which I ended the year with about $1000 in December as my cashplus earnings. To date, I have almost $2700 in $Fullerton SGD Cash Fund (SG9999005961.MF)$ and $90 in $CSOP USD Money Market Fund (SGXZ96797238.MF)$. View more>>

In addition, some mooers prefer it because of its lower fees and high liquidity:

@Dadacai:

The risk of losing the capital is quite low as the assets are mainly SGD bank deposits with a maturity date of less than 1 year and MAS bills. The return is close to T-bills. Meanwhile, This fund has low fees compared to other similar funds. Moreover, it is flexible. One can redeem the funds anytime (T+2 working days to withdraw) and moomoo allows the money to be used immediately to trade stocks in the Singapore market. View more>>

A growing number of mooers are combining Regular Savings Plan (RSP), SmartSave, and Cash Plus to manage their idle cash. They believe that the integration of RSP, SmartSave, and Cash Plus can allow them to earn higher returns while efficiently enhancing the flexibility of their asset allocation strategy.

SmartSave

SmartSave is a popular feature that enables automatic subscription of Cash Plus funds using idle cash in your account every working day, boosting your buying power for trading stocks, subscribing to IPO shares, and purchasing funds. Many mooers choose SmartSave for its high liquidity, reliable returns on idle cash, and cost-effective solutions for managing their finances.

@Devip:

SmartSave allows us to deposit and withdraw idle funds anytime and anywhere, allowing our cash to earn more money while lying idle. With the SmartSave feature, buying and redeeming currency funds are commission-free and have no management fees, and it offers convenience and provides returns that far exceed those of savings accounts. View more>>

RSP

A regular savings plan (RSP) is an investment program that allows investors to contribute money to an investment account at regular intervals. Many mooers choose RSP because it encourages commitment and allows them to build their savings over time.

@Milk The Cow:

Firstly, it provides a stable fixed income. Additionally, the interest rates are higher than those offered by traditional banks. Investors can also receive promo vouchers as a bonus. With RSP, it's not necessary to deposit 100% of savings in a bank account. Plans can start with as low as $100 per month, which encourages commitment to saving and earning from savings while sleeping. While not a major factor, investing in RSP is generally considered safer than buying stocks. View more>>

We have prepared some special rewards for mooers who wanna get to know more about RSP! Tap here to know more>>