How do I use the funds
I have both cash funds and liquidity funds, should I just subscribe to 1 of them?
how do I use the funds for trades? should I redeem then buy or they will auto deduct?
sry new and noob here.
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Flying_Cat : they are both the same except the liquidity fund is much faster at withdrawing your money out from the mmf took around 1 day
raywxm OP Flying_Cat : I read somewhere about auto deduct from the fund if there is a shortfall when buying stocks, how does it work?
8899168 Flying_Cat : how long will fullerton cash fund take to withdraw?
raywxm OP 8899168 : cash plus is t+1 then the liquid is t+0
8899168 raywxm OP : have you tried withdrawing before? I see some comments saying it takes 4-5 days for cash to be credited.
raywxm OP : cash to bank takes 4-5days. cash to account to buy stocks is the t+1 and +0
8899168 raywxm OP : in the comment section of the cash fund, its not uncommon to see complaints about not receiving cash for the redeemed funds at those speeds(t+0/1) you have described.
raywxm OP : haha... of course ideally we expect them to follow this rule lo... but when shit happens, all the excuse will come out
8899168 raywxm OP : I see no actually difference, because both no need to redeem into cash to buy stocks
Dadacai 8899168 : I think that comment is probably referring to withdrawals for US customers.
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