My review and journey with Moomoo Cash Plus Funds
Congratulations to Moomoo Wealth Management for achieving a $10 billion AUM milestone 🥂![]()
Moomoo cash plus fund, $Fullerton SGD Cash Fund(SG9999005961.MF$ and $CSOP USD Money Market Fund(SGXZ96797238.MF$ have provided a stable passive income for me. Here is my updated P/L:
Moomoo cash plus fund, $Fullerton SGD Cash Fund(SG9999005961.MF$ and $CSOP USD Money Market Fund(SGXZ96797238.MF$ have provided a stable passive income for me. Here is my updated P/L:
I have also invested in $LionGlobal SGD Enhanced Liquidity Fund(SG9999019293.MF$ and $HSBC GIF Ultra Short Duration Bond MDis(LU2334458192.MF$ out of curiosity and to "use" my fund cash coupons which are not applicable for cash plus funds. Such mutual funds enable me to earn daily positive returns but they can't match cash plus funds daily return rate of 3-5%. Cash plus funds also provide the liquidity flexibility T+0 days subscription and redemption which is critical to my sudden trading in stocks and options.
Here is my wishlist:
1) To provide more opportunities to reward existing users with fund cash coupons to encourage them to invest their idle money. Here are some examples of events and programs rolled out by Moomoo: 6.8% pa promotion, Cash Plus Funds Tiers Invest reward, monthly Task Challenge and Fishing Game.
1) To provide more opportunities to reward existing users with fund cash coupons to encourage them to invest their idle money. Here are some examples of events and programs rolled out by Moomoo: 6.8% pa promotion, Cash Plus Funds Tiers Invest reward, monthly Task Challenge and Fishing Game.
2)To educate new investors through a structured program on how to read the historical return rate (e.g NAV) and about the risk of investing in mutual funds (DYODD). There is a misconception that cash plus funds are like a fixed deposit with guaranteed principal which is not true.
3) To motivate new investors to participate in online (Guess the winning fund event and webinars) and offline (Moofest and evening sharing) activities. An incentive with rewards like points/free gifts/complimentary coupons/meals will be a bonus for participants.
4) To have a smart system to "filter" scammers to do advertising in Moomoo chatgroup or posts to "lure" users to join external social media (Facebook, Whatsapp, Telegram etc) and "alert" the users of such scamming tactics. Such violation in community standards can tarnish Moomoo's reputation and shake users confidence to invest.
3) To motivate new investors to participate in online (Guess the winning fund event and webinars) and offline (Moofest and evening sharing) activities. An incentive with rewards like points/free gifts/complimentary coupons/meals will be a bonus for participants.
4) To have a smart system to "filter" scammers to do advertising in Moomoo chatgroup or posts to "lure" users to join external social media (Facebook, Whatsapp, Telegram etc) and "alert" the users of such scamming tactics. Such violation in community standards can tarnish Moomoo's reputation and shake users confidence to invest.
Here is my previous review about Moomoo Cash plus funds:
Fund Investment in H1 and Outlook in H2 and beyond
Fund Investment in H1 and Outlook in H2 and beyond
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
I reflected trading experiences by writing journals. My comments are for educational purposes not financial advice.
2649Followers
85Following
11KVisitors
Follow
Moomoo Lily : Hi mooer, thank you for your support and feedback. Your feedback is very important to us and we have forwarded it to the relevant department. We will continue to optimize and improve the quality of our products and services in the future. Thank you for your support.