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Moomoo Feature Hunt: Did you know you can reinvest dividends?
Hello mooers！
The US Federal Reserve announced a 0.5% interest rate cut on Sep 18th, which marks the start of the first monetary policy easing cycle after four years. Historical data from iCapital indicates that stocks typically rise after a rate cut, and still perform well over the 6 to 12 months following the cut, especially if there is no recession.
With this exciting news in mind, we're about to dive into three new moomoo features which can help you "set and forget" your investing. Whether you just want to make trading simpler, or only have a little bit of capital, keep reading to learn more about these new tools!
1. Fractional shares: Own your slice of top US companies from just US$5
As the Fed lowers interest rates, investing in high-quality stocks can be a smart move. However, many top-performing stocks come with a hefty price tag. That’s where our fractional shares feature comes in:
– Low barriers of entry: With moomoo, you can start investing in popular US stocks from just US$5^, no matter how expensive or popular the stock is.
– Flexible investing：Whether you’re looking to diversify your portfolio, or just starting out, fractional shares make it possible to invest in a wide range of companies and sectors for less
Taking the top 10 companies by market cap worldwide as an example, fractional shares enable you to own these stocks for just $50 instead of $3,311*.
*1 share of the following companies each at closed market price as of 11/09/2024
Market data as of 11/09/2024 from [https://companiesmarketcap.com/usa/largest-companies-in-the-usa-by-market-cap/]
How to access：
Simply go to Market > US, and then you can select the Fractional Shares icon.
2. Dividend reinvestment Plan (DRIP): Let your dividends do the work
Dividend yields are likely to become more attractive in a rate-cutting environment. With moomoo DRIP, your cash dividends from a chosen stock will be automatically reinvested as additional shares of the same stock. Helping you build your portfolio over the long term.
If the cash dividends are too small to purchase a whole share, a fractional shares order will be placed instead, boosting your holdings without the stress of waiting to repurchase.
Note: DRIP is only available for US stocks eligible for fractional shares trading.
– Accessible & straightforward: Simply select your stocks of choice, and dividends will then be reinvested automatically.
– Compounding Returns：DRP can potentially boosts returns by reinvesting dividends into more shares. These new shares may earn dividends too, which are then also reinvested, expanding your portfolio every growth cycle. However, the market is volatile, and when it declines, the portfolio may face more risks.
How to access：
Simply go to Accounts > All > Trade, and then you can select the Dividend reinvestment plan icon.
3. Recurring investment：Trade on auto pilot with auto invest
During times of economic uncertainty or market volatility, such as after a rate cut, recurring investing helps you automatically buy stocks at different prices, averaging out your investment cost and reducing timing risk.
– Auto invest, auto growth: Start your recurring investment plan from as low as US$10. Simply choose your stock, and then set and forget while your portfolio grows.
– Adjust the portfolio flexibility: Set your investment amount and schedule according to your personal preferences, and easily pause or restart your investment plan, allowing for a more flexible adjustment of your portfolio.
How to access：
Simply go to Market > US, and you can see the Recurring investment icon.
Feature hunt challenge：
Attention, mooers! We have a fun quiz called "How well do you know moomoo DRIP." Based on this post, please answer the below question in the comments:
Duration: Now-Oct 18th
Comment the correct answer to earn a share of our 10,000 moomoo points pool*. Good luck！
Also, please feel free to leave your questions and suggestions in the comments too.
*Rewards will be distributed within 5-7 working days after the result's announcement. Rewards can be used to exchange gifts at the Rewards Club (moomoo app> Me> Redeem Points).
^Fractional trading is only available to certain US shares and ETFs. Fractional trading of less than one share is subject to different pricing schedules. The minimum order size for fractional trading is 0.0001 shares and the minimum order amount is US$5.00.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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102362254 : Yes, Moomoo's Dividend Reinvestment Plan (DRIP) does support fractional share investments. This means that dividends received can be automatically reinvested into additional shares, even if the amount is less than the price of a full share. This feature allows for more efficient compounding of investments over time
mr_cashcow : Yes DRIP does support fractional share![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
SnowVested 102362254 : and the US. fractional shares still get the full trade commissions
m4a1 : Yes, Moomoo DRIP does support fractional share re-investment.
But the question is, does it support DRIP fractional trade after the market closes if someone is trading US stocks from Australia. And is DRIP fractional trade possible for Australian CHESS supported stocks ?
151390635 : yeah