103327023
commented on a stock · Sep 20, 2024 00:18
Lose in currency 3% in 10 days
$United USD Cash Fund-Class R (MYU0100A8420.MF)$at this point not recomended, cos RM is growing strong. 10 Sept, i used RM8700 for USD 2001.04. today USD 2002.78, i only can get back RM8431.70. , lose 3.08 % on currency itself.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Ka-ching Ka-ching
:
uhm from your statement i suppose this is currency issue not fund issue? that's why it is meant for idle cash, not for you to convert currency and subscribe
103327023
OPKa-ching Ka-ching
:
Agreed, definitely not fund issue. But my advice to ALL is when u invest this fund , u need to take currency into consideration (unless u have US in your hand). The reason to put idle money into such fund is to preserve capital and earn some peanut. In marcoeco now, dollar is weaker relatively compare to RM, at least until fed cut rate is over , meaning another 1-2 years ? It is just my experience and thought , sharing out for ppl to take another aspect to consider before putting the hard earn money in.
Ka-ching Ka-ching : uhm from your statement i suppose this is currency issue not fund issue? that's why it is meant for idle cash, not for you to convert currency and subscribe
103327023 OP Ka-ching Ka-ching : Agreed, definitely not fund issue. But my advice to ALL is when u invest this fund , u need to take currency into consideration (unless u have US in your hand). The reason to put idle money into such fund is to preserve capital and earn some peanut. In marcoeco now, dollar is weaker relatively compare to RM, at least until fed cut rate is over , meaning another 1-2 years ?![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
It is just my experience and thought , sharing out for ppl to take another aspect to consider before putting the hard earn money in.