Nienie
OPHarvest Love
:
Earned 6.89, with a daily income of 0.99rm. Just don't understand why 26.6 was deducted from the fund and then distributed to the moomoo account 27.58?
wai999
Harvest Love
:
After just over a day, it earns a little more, just like its advertised annual interest rate of 3.6, I can only say that it expects its share to increase in value
104602620
:
From the fund details, it seems like Invested 10k, revenue 27.58 distributed end of mth (credited to moomoo acc). So principal 10k-27.58= 9972.42.
9972.42 + accumulated revenue 6.89, total principal = 9979.31.
So I guess the 6.89 accumulated till mth end will do the same thing like last mth.
Question now, is this really making profit? Imagine u put in 10k, 1 mth later principal reduced to 9970, then your savings acc get 30. Over the long term your principal left 0, and your moomoo acc get 10k?
Francis LAI S H : The interest payout on September 30th was credited to your moomoo account, not this fund account
Nienie OP Francis LAI S H : I saw it, thank you.
Harvest Love : So did you make a profit or a loss?
Nienie OP Harvest Love : Earned 6.89, with a daily income of 0.99rm. Just don't understand why 26.6 was deducted from the fund and then distributed to the moomoo account 27.58?
wai999 Harvest Love : After just over a day, it earns a little more, just like its advertised annual interest rate of 3.6, I can only say that it expects its share to increase in value
104602620 : From the fund details, it seems like Invested 10k, revenue 27.58 distributed end of mth (credited to moomoo acc). So principal 10k-27.58= 9972.42.
9972.42 + accumulated revenue 6.89, total principal = 9979.31.
So I guess the 6.89 accumulated till mth end will do the same thing like last mth.
Question now, is this really making profit? Imagine u put in 10k, 1 mth later principal reduced to 9970, then your savings acc get 30. Over the long term your principal left 0, and your moomoo acc get 10k?
ENOS Bashirian : Even the loss has to be shared.. many pages if the loss includes tax