Investments finally reach 1k
Almost a year ago, I became legally old enough to start investing and decided to opt for $DBS Group Holdings(D05.SG$ due to convenience, after finding out how heavily poor the quality of investments there was (alongside high fees), I moved to other brokers.
I came across Moomoo and decided to start investing off there, with my account doing vastly well with the added benefit of no mutual fund fees just weeks after joining.
At last after a couple months, my investments have returned an aggregate 1k SGD representing a roughly 10% gain on the amt I put in.
This is all from passive investing and does not include any gains from active trades/ promotions.
Big thanks to $Futu Holdings Ltd(FUTU.US$ for not ripping me off like 1% on fund transaction fees and portfolio management fees. (Looking at you, $DBS Group Holdings(D05.SG$ )
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Yr 3 Banking & Finance student w 2 yrs forex, 6 months stocks. Moo earnings hub enjoyer
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104279293 : Hello, are you investing 10,000 in return of 1,000?
Thy GoD OP 104279293 : arnd that much
Novice Trades : Great job! First 1000, then next goal should be 10k? Will take a while but it might be great if you use compounding to your benefit, especially if passive![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Thy GoD OP Novice Trades : I dunno yet, I'm still dcaing to the funds I'm invested in so while %wise changes the net gain is higher
Thy GoD OP : my no 1 tip is to check what funds/etfs you're investing in, and preferably dca during dips, I disliked how many funds and etfs would show all sorts of colorful words in their websites and promotions but the actual factsheet showed them severely under performing the market.
So I made my own spreadsheet to analyze historical fund performance and picked the best ones.
Maniac Fool : Gong xi. Be prudent
TheZooman22 : Great, I am doing well on MooMoo , I have a Fidelity account , but I like this for trading.
Thy GoD OP TheZooman22 : Moomoo doesn't have the best of fees, most of it is attributed to both the Singapore GST and platform fees.
But if you participate in events enough times, you'll eventually make back what you pay in commissions.
So far from my calculations, including options commissions (which are expensive af), promotions have managed to offset more than the commissions ive paid.
Thy GoD OP Thy GoD OP : shld mention that this only applies to the SG, MY and AU users cuz ik other regions dont get as much promos